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Hi,
I request you to share your opinion about my trading strategy.
Its a short - medium term strategy.

I plan to buy 1 stock every day of those stocks that I wish to invest in. For this I use Zerodha so I don''t pay minimum brokerage.
I will take help of research firms to select stocks that are fundamentally sound.

If the stock falls and rises, I will be able to profit. If the stock rises right from the start, I will try to sell it as soon as I achieve a 20% p.a. return. That means around 1.8% return in a month. In a stock I will not be investing more than 20% of capital.

I tried backtesting this strategy. In most cases, stocks showed cup pattern that is fall and rise to same level. So you get some profits. In some cases, the stock had a positive trend. But only in a very few cases, the stock didn''t rise to enough level after initial fall.
So what do you think about this?