I would like to see if anybody can help me get started in share trading/charting. I have been buying blue chip shares for the last 5 years on a buy & hold based on recomendations in investment mags and also that they are "safe" investments. My current portfolio sits around $300K and I would like to approx $20K to start trading once setup.
Recently I have been reading some Darryl Guppy books on share trading and believe that his style of investing has some merit and would like to learn more about this. I have a number of questions listed below that I would appreciate any help or suggestions with.
What sort of time will be required on a daily basis for EOD trading? - I will only be able to commit approx 2 hours each night (possibly more on weekends) to research etc. (young family, full time job) and was wondering if this is enough?
What is a realsitic rate of return when EOD trading? - This question is a bit "how long is a peice of string" but would like to know an average return based on traders experience. Is it high enough to warrant the extra time compared to returns from passive investing.
How can I access free/cheap data and charting packages initially? - I plan on reading several other books whilst paper trading to develop a trading system that hopefully works over the next 12 months or so and don't really want to spend vast amounts of money whilst I am still learning. Once I have some confidence that I can trade consistently and profitably I will then purchase whatever I require.
Where can I use these data and charting packages to paper trade and test my sytems?
What do other traders think about Darryl Guppy and his trading style and has anyone else had success using his teachings?