Today was a better day considering it was another flat ASX market day, we are in day five of Sim experiment with one more day to go.
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.