Self checking stock picking skills
- Thread starter themickey
- Start date
Final result for the sim stock picking accuracy exercise, +2.74% return as against market +0.81 for 6 days.
8 stocks made profit, 1 stock lost money.
Roughly speaking if we could maintain this rate that would equate to 116% pa return vs market return of 34% pa. In this exercise we did not add or subtract stocks.
In this method, I chose stocks which I thought would perform well using just technicals, no fundamentals, no reading news or reports and basically no idea what some of these stocks do (and still don't know).
In theory I can improve on the stock picking returns by doing a couple of very simple things, again without doing any arduous fundamental research - a 1 minute job to add 2 basic filters, would anyone like to volunteer what that might be?
Next week, starting Monday I will run another sim exercise, this time for 2 weeks duration and the added 2 x filters. Also maybe the allowance of being able to add new contenders if any should come along mid stream.
8 stocks made profit, 1 stock lost money.
Roughly speaking if we could maintain this rate that would equate to 116% pa return vs market return of 34% pa. In this exercise we did not add or subtract stocks.
In this method, I chose stocks which I thought would perform well using just technicals, no fundamentals, no reading news or reports and basically no idea what some of these stocks do (and still don't know).
In theory I can improve on the stock picking returns by doing a couple of very simple things, again without doing any arduous fundamental research - a 1 minute job to add 2 basic filters, would anyone like to volunteer what that might be?
Next week, starting Monday I will run another sim exercise, this time for 2 weeks duration and the added 2 x filters. Also maybe the allowance of being able to add new contenders if any should come along mid stream.