Random coin picks experiment

[wozzek23]

There is no definite trading strategy here and you are just investing randomly and hoping to get good returns.
This might work 1 or 2 times but it's guaranteed to lose the next time. So consider rethinking about this right now.

Not really because if you on average look at coins in the market you will notice that at least 1 of the 5 coins will rise and the other 4 will not become dust immediately and will at least yield small loss only. I mean yes the market is very unstable in terms of alts but if you just do little due diligence then you can make fine profits and yes some bad rounds will always happen.

By the way looking at your disappointment in your post it seems like you never had good trading memories.

The market is bleeding. My portfolio went down to 10-15%. Such a sudden drop. I have 19 days to wait. Hopefully, each coin will pump in this period so I can close my positions and prepare for the next round.

That is one problem I see with alt coins because when a altcoin which is not so significant in market drops down it usually just keeps dropping lower and lower, I don't know what the reason is but I have hardly seen coins that drop below expected price and then raise back to unexpected prices.

[bearexin]

It will be round by round investments. Each round has own duration and profit goals. For now, I think about max 1 month and min 100% ROI. I wrote a script for choosing random coins (X) from the list of coins with mark cap >= 100m (Y). X is planned to be somewhere between 2 and 5 coins. I plan to distribute the budget evenly. The goal is to keep everything as simple as possible.

My only advice would be if you can increase the amount of coins you buy per round which you have indicated with X and if possible reduce the ROI to 50% maybe.

The reason I have suggested the following changes is because the more number of coins will give you flexibility in case all the coins you buy don't do well you will at least have better chances of succeeding while the lower amount of return on investment will help you make sure more coins will give profit while you settle for lower profits but at least more coins are expected to give profits. It's similar to having more cow that gives milk rather than having a few big cows that you rely on giving them massive dividends. Sorry for bad example .

[coinfinger]

Yeah and my advice would be to drop the 100 million market cap to 10 million because there are very few coins that are above 100 million market cap right now whereas when you lower that to 10 million you will get a lot more of them into the calculation. Plus when you lower it like that you get a lot more volatile coins as well which could end up with a lot more profits too.

If you could do 10 coins like said before and do 10 million+ that would actually become something very dangerous (maybe) but also something a lot more fun for us to watch as well and I would personally watch it closely to see how it does. I wanted to something similar but I didn't had the courage to do it like that so I just settled with trustworthy top 10's instead for my portfolio.

[travwill]

People can freely choose what ever they want to pick , I have coin who are not potential to me but during the bull run the price of it start increasing too and sometimes that coins gives more profit because the value rise very high.

Mosy of the coins in bullish market are increasing so if the bull run happen again for sure many profit we get in that .

This is only possible if altcoins behave exactly as they did during the last bull race.
Personally, I strongly doubt that they will repeat this behavior, in view of all the changes that we can now observe in the cryptocurrency market.
Rather, individual alternative coins will take the lead, while the rest will stand still.

[Stedsm]

People can freely choose what ever they want to pick , I have coin who are not potential to me but during the bull run the price of it start increasing too and sometimes that coins gives more profit because the value rise very high.

Mosy of the coins in bullish market are increasing so if the bull run happen again for sure many profit we get in that .

Why to go for random coins when you know that the market is bad and is in red from the past few days? Why not wait for some more days and let the markets show some signs of positive returns as well as even in this market, just look out for some notable projects instead of putting your money into just-another-random shitcoin just because your fingers are itching enough to make you do that?

[TrevorS]

I would like to see the intermediate results of your experiment. More precisely, I wonder how efficiently your algorithm works, namely the selection of coins.
If you are still following this thread, then I ask you to give feedback or send me a personal message. Thanks.

[xiver88]

I would like to see the intermediate results of your experiment. More precisely, I wonder how efficiently your algorithm works, namely the selection of coins.
If you are still following this thread, then I ask you to give feedback or send me a personal message. Thanks.

Hi. I have closed 2 positions with average profit of 35% - AlGO/BTC (double) and AION/BTC 15 days ago. Now 6 positions are open:
VET/BTC -32%
LEND/BTC +11%
BAT/BTC (double pick) -11%
XZC/BTC -18%
NEO/BTC -20%
DGD/BTC -2%

So my total portfolio is -7.7% now.

I have take profit order on LEND/BTC, trying to make +30% on it.

Also, I plan to close BAT and DGD position soon.

Rest coins, I don't know yet. Maybe I will take a loss and close them until March 17.

[htsy585]

In the bull market, any altcoin can pump anytime. It happens all the time. Look at recent pumps of BSV, HBAR, XVG etc. No matter what factors lie behind these pumps it happens.

I don't know which coin will be pumping next and I don't trust any trading advisors, gurus, twitter stars. So I came up with a simple solution that satisfies me for now, but I need some advice to improve it.

It will be round by round investments. Each round has own duration and profit goals. For now, I think about max 1 month and min 100% ROI. I wrote a script for choosing random coins (X) from the list of coins with mark cap >= 100m (Y). X is planned to be somewhere between 2 and 5 coins. I plan to distribute the budget evenly. The goal is to keep everything as simple as possible.

I appreciate any improvements and advice on my strategy.

Your assumption is totally correct, during the bull market virtually every coin do seems to be increasing in value and this is the perfect time to fill the bag but how are you sure that these coins will be able to pass the test of time that the cryptocurrency market is about to venture into. The guenuity of most altcoins will be tested and only a few will survive the storm, i hope the storm will end earlier than we expect

[desticy]

The hardest thing about holding my position is mental dependence on price checking. I wish I could avoid that. 8 coins are always on my mind and I keep checking them the whole day. First thing when I wake up - I do checking. It's exhausting. I don't know why I keep doing it, but it's a kind of a bad habit now. I need to find way to forget about those coins and continue to live a normal life. Holding in bitcoin wasn't so energy-consuming though. How do you guys overcome such mental state? Any advice?

This is silly to do. If you invested in some asset, then you probably had a certain goal - to earn.
Why every time you check where the price goes for an asset, it will not give you anything.

For example, the price of an asset has increased by 10%; will you sell an asset?
I do not think only if this is your original goal. In this case, you can set mentions and notifications that the price has risen or dropped to a certain volume.

[Viscore]

The hardest thing about holding my position is mental dependence on price checking. I wish I could avoid that. 8 coins are always on my mind and I keep checking them the whole day. First thing when I wake up - I do checking. It's exhausting. I don't know why I keep doing it, but it's a kind of a bad habit now. I need to find way to forget about those coins and continue to live a normal life. Holding in bitcoin wasn't so energy-consuming though. How do you guys overcome such mental state? Any advice?

This is silly to do. If you invested in some asset, then you probably had a certain goal - to earn.
Why every time you check where the price goes for an asset, it will not give you anything.

For example, the price of an asset has increased by 10%; will you sell an asset?
I do not think only if this is your original goal. In this case, you can set mentions and notifications that the price has risen or dropped to a certain volume.

Checking the price from time to time is a bad idea, you are just killing your self doing that as the price is volatile, it could move a lot of times even in a single day. For long term holders, they should focus more on the news and the announcement coming from the team rather than monitoring the price since price can be manipulation but you'll know how the price should react based on the news you read.