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Here is another one of my whacky trading experiments. No money at stake, but rather its a fantasy trading idea to see what would happen. The idea is to explore the merits of investing into a token when it is very newly listed to coin gecko – will this by itself make the price increase? Or dump? While I know a few people that actively comb coin gecko listings with research etc, this is just a blind trade, buying the ten most recently listed coins with at least $1M of daily trade volume. After a week, I sell, and then rebuy the next ten and so on. To add a twist, I decided I would keep the top-performer each week as a permanent addition to the portfolio – so the remainder of the coins are sold and reinvested into ten news coins. So lets see the results after six weeks! (apologies in advance for any maths errors – this is done through excel but its still hard to track things) So down 30% or so in one week!!!! Can we recover? Lets see week 2: I had fun with this experiment so I'll probably do a part 2 in 6 more weeks. Hope you enjoyed reading it! submitted by /u/Cryptodragonnz |