9 steps and counting - how I find my ICOs

First things first. Please, this is not investment advise. Do your own research and follow your head as much as your heart.

I've been playing around in the proverbial sand pit that is the cryptosphere for the last few months and find it fascinating. Prior to becoming infatuated with cryptocurrencies I spent my time trading options and cdfs for fun. I like learning new things.

What I have come to realise early on is that most ICOs don't get of the ground. Many of these may or may not be scams, and for whatever reason don't appeal to the market of ICO investors. My honest opinion is that some of the ICOs that don't look legit do so more because of the experience of the team than anything else. Scams, and ICOs, can be very elaborate in nature and fool even the experienced and smart into parting with their money.

So I came up with a little system I use to sellect the ICOs I would like to invest in. As you all know, there are so many to choose from and I don't know about you, but I'm time poor. This is a hobby, can't take all my time. So, here it goes;

1. Most of the funds ICOs get in happens in the first and last 5 days of there campaign. To decide on which ICOs are even worth looking at, I go to ICODaily.net and look at the ongoing ICOs. This site gives you a clear few of which ICOs others think are actually worth while. My reasoning here is that many eyes are better than just mine. I'm not to concerned about the ones that sell out within hours. There are many opportunities and I'd rather miss out on a few than not tick the boxes.
2. On ICODaily.net I also check the amount the team wants for there project, how much of it has been reached in relation to time past / left (5 days is key here) and it conveniently links to their ICO site.
3. Now that I have it down to only a few ICOs, I go to SimilarWeb.com and see what interesting information I can find on the actual website traffic. If I see glaring redflags I just dump it.
4. Next is GitHub. If the project doesn't have a product in alpha stage or later I dump it.
5. Then we go to Reddit and search the ICOs or project. Spend a little bit of time reading to make a informed decision.
6. A very important aspect for me is how and where I can store the coin once it is minted. I had a bad experience a couple of weeks ago with NEO because it didn't have a proper wallet to begin with. Unfortunately there are scammers everywhere trying to take advantage of coins that don't have proper wallets. So, as of end August, no wallet, no buy from me.
7. I also like to buy using Myetherwallet or my Trezor wallet. If I can't buy using coins that are supported by either of these wallets, I'm not interested. Again because of scammers trying to take advantage of online wallets, paperwallets etc. If it's not my hardware wallet, I'm not interested
8. Once I have a coin here, then only do I read the whitepaper, check out the team, business plan, have they got a existing product or network, etc.
9. Lastly I try to buy in the last days of the ICO. This gives my subconscious time to work through all the information and I personally think I make better decisions this way.

It's been working for me so far.