Ive just done some paper trading over the last 5 weeks. 22 stocks were chosen useing technical analysis, position size was varied smaller size for speculative stocks. $34756 was invested, losing trades were stopped and a loss taken during that time. Winning trades were let run to give a maximum return and are more profitable even after the trial period. The total value of the shares after the 5 weeks is $42309 giveing a raw profit of $7553 or 21.7% over 5 weeks. The trades were managed by trend line multiple moveing averages and a countback line to stop out loseing trades and also as a stop loss to protect profit gains on winning trades.
22 stocks were chosen from the Australian stock exchange in the resources sector. The resources are hot at the moment with the indexes out performing all other sectors. BHP is the worlds biggest miner and is an Australian company.
I only put in 11 thousand of real money but will be investng more next time now I know what I can do. Barry