That's been my policy since the big NEM/XRP/STR dump last month, at it is working well. Buy into 20+ pumpable coins, set sell orders between 60-200% on top of purchase price, tidily accrue without checking the charts every hour.
I've got to say, this is a good method for those who aren't really comfy with creating dead-simple scripts with AutoHotKey. This gives me the idea to share some of those around...
Sounds like my stretch limit strategy I posted about