Remember this back in October.
Was an all time bad month.
I was attempting to demonstrate the efficiency of culling a Universe of stocks such as those chosen by the members here.
I compiled 3 portfolios.
(1) The best as I saw them technically of those selected by all
(2) The 5 best as I saw them technically of (1).
(3) As (2) but exiting those that made a 10% loss as a Stop
So how are they going now?
Maybe something here for those in the ASX competition.
My advice to them would be dont trade a portfolio if you expect a good result.
Clearly this small exercise is showing a 100% better return on selection of those clearly showing a bullish tendancy technically (That was my initial technical filter for culling the 5 "Best")
And a 700% better result setting a stop on the 5.
I dont know how the original selections went as a complete portfolio but would be interesting if someone has time.