I basically implemented this, and a lot of other features for my own personal trading bot against the Cryptsy API written in Python. The idea was to makes tons

I basically implemented this, and a lot of other features for my own personal trading bot against the Cryptsy API written in Python. The idea was to makes tons of small trades on alt coins throughout the day, constantly buying and selling on short crossovers, making fractions of a perfect profit after fees. It turns into an up and down roller coaster, sometimes you're way ahead, and other times you lose it all. The biggest issue was the low volume on most of the alt coins. At the end of the day, like many others have said, it's mostly luck, you will lose money eventually,but it's an interesting learning exercise. The only real way to win, is to have some insight into the market, not machines.