Winning ways can become losing ways:
Years ago using limit orders resting in the NYSE market often was a good thing, especially with the price improvement when a specialist traded through the order as he had to include you in his fill.
Some traders, like pair traders, actually spent the day sending (and cancelling orders if the price drifted too close rather than gapping through) limit orders that rested in the market. They would especially do this looking to short.
Now.. most of the time…