trading strategy or shot in the dark? but it works 6 out of 10 times

[cryptopimping]

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?

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[reflector]

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?

Go to trade the multiple coins first and take the price index of the each coin closely monitor every hour to set the trading value in your account which you opened in your exchange. As you said you may find the people use to sell the bitcoin when the price is high and buy the coins when it is low that is usally followed method by everyone. Continously selling and buying is not the right to I think.

[MissionPhailed]

Don't know if you're on to something but I gotta say it sounds interesting enough to try it myself somewhere these days, just for the heck of it. Did a similar thing in november 2013 and managed to turn 0,01BTC into 0,03BTC (300%) in a matter of days just by eyeballing graphs. I remember I got bored when I somehow lost it all again due to some stupid action after that.

[olushakes]

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.

[cryptopimping]

Yes. But I have no idea when to buy and sell. I need another indicator to help me decide time to buy and sell. My sell time is just a duration i picked out of the sky.

[HumbleCoder]

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?

I started using this KISS method myself and found it to be profitable. Now I've written a program that performs all of the finding of this type of coins on complete automation. ATM I'm running this simulation to calculate ROI doing this many many times. If someone is interested in the results and details just let me know.