I made a bet with a friend who is a trader that i can beat him in the market with a simple (KISS) trading strategy. I know think i may be on to something. lol
I started by finding the biggest gainers in (24 hour) on coincap that are priced below a dollar. This is a list of 30 coins. I then cross referenced the biggest gainers - (1 hour) This gives me a list of 3-7 coins on average. I then buy into each coin and hold it for 2 hours an sell. I ran a test on this and 7 out of 10 times i have turned a decent profit. Most coins lost value but the other few covered my losses and turned a decent profit. Average 20-30%. When i lost, i only lost less than 10%.
Is there something to this?
This discovered method of yours would probably work for a long time because to me its objective enough to have involved a lot of fact finding and analysis and most importantly the decision of which coins to buy cuts across several coins which means all of them cannot at every time turn out bad and also the ones gaining today might be losing tomorrow and vice versa which is a normal situation for any coin at all.