Quote from: jbreher on August 03, 2020, 07:31:08 PM

Quote from: JayJuanGee on August 03, 2020, 04:35:27 PM

Quote from: jbreher on August 03, 2020, 12:00:06 AM

Quote from: JayJuanGee on August 01, 2020, 04:33:50 PM

You should not be setting your ladder steps at round numbers,

Pish. I used to place my orders 'just off' from round numbers. Yes, they executed earlier. No, I found no evidence to suggest they executed more often than round number orders would have. Even if there were some minimal incremental benefit, that is outweighed by the PITA factor. At least for me.

I had to look up PITA, just to make sure that I understood the context of your apparent manufactured exasperation.

More simply put. We can just agree to disagree on this angle.... even though I had thought that you had previously agreed on this technique..

Yeah, I did. But my experience taught me that -- at least in my case -- I saw perhaps zero benefit, and certainly more headache.

Ok.

Surely, experiences can vary, and both you and aesma seem to be playing tighter increments and tighter spreads than me.

I do find from time to time, I will end up filling orders and the price reverses right around the same price as the price that I had set the order, which is a bit shy of the round number. Maybe it is a 1 out of 10 scenario in which my system is successful in the last of the orders in a series of filled orders (discounting the locations where the BTC price just runs through my orders or past them and only looking at the reversal orders - the last in the series of orders).

But still seems to be best practice to me to not be setting orders at round numbers and to set orders at some meaningful increment before the round numbers, and I started following such best practice since late 2015.. and I have both ingrained my various systems including attempting to employ best practices and also just tweaking what I do along the way to in order to learn more and more and more, . and sure sometimes it takes me some time to set buy/sell orders or to rethink or reset buy/sell orders in a way that I conclude is in harmony with my sentiments regarding what I want to do at that time in my trading life and to be approaching somewhat emotional free in terms of neutrality regarding which way the BTC price moves.. and I prefer if orders fill versus NOT filling (especially when the price gets really close to where my orders are set), even while I largely attempt to employ and structure my orders in such a way that I don't really care if they fill or not .. but if the price gets close, I prefer them to fill - if you can imagine such a seemingly contradictory balancing of preferences? and even if in the whole scheme of things setting orders before round numbers does not make much of a difference, it does seem to make some differences on the margins (and thus remains a preferable and best practice.. even if you believe that it is not worth your time... just like for the most part, I don't find it worth my time to set buy orders only a few percentages apart or using a small spread and I tend towards 5% or 10% spreads but maybe slightly smaller increments - but of course, I adjust too.. depending on some tweaks regarding if I feel that I am stacking too much in one direction or another (dollars or BTC)).