It's a fine strategy. I do exactly the same but with smaller margins. Often I aim for 10 - 15% and with some coins rinse and repeat after the sale has gone through watching it dip back down. If you have the patience it'sa splendid thing for a slow grower!
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It takes some patience and I used to have smaller margins, but time has got the better of me, so I set and forget far too much. I wonder how much I have forgotten :D
Untold riches lost in the fog of forgetting!! Seek and ye will find treshur!
unless the random exchanges have cut and run!