Here's an update for my paper trading account that I started on Webull.
Because the paper trading account starts with $1M, I'm down a few hundred so far. Now that it's November and I'm due for a regular quarterly rebalance. I used the whole balance in the account to better approximate an even distribution since I have to buy stocks in whole shares for this paper trading account. Also, now that I have nearly $1M of pretend money invested, It'll look a lot more impressive when there's a notable swing in the market.
Here's the 18 stocks in the S&P 500 with price to book ratios under 1. I'm leaving ARE off, even though it has the lowest price to book in the whole S&P 500 because it's a REIT and if I start buying based on this screen with real money in the future, I don't want to deal with the tax implications of a REIT in my account. So each of the 17 stocks that I'm buying in my paper trading account will be assigned approximately $58,755 which works out to be a little under $1M since I'm down overall.
Here's my list written on paper with their recent P/B and stock price. You can see the list that I worked out last quarter also. Those stocks did not all end up on the list that I bought because some of them had a P/B that had jumped well over 1 by the time I opened my paper trading account. If I had done things last quarter the way that I did this quarter then my account would be up $76,000.
In any case. Thanks to any of you who read this far. Thanks to all who left upvotes. Let me know if you have any input. I would love to see this become a collaborative forum.
