When adding stones to a weapon stick with one element, with monsters being somewhat resistant to elements this tends to hit harder on more mobs and a ton more in PvP.
If your spells are wind based go wind stones this will increase the Wind % dmg from your spell dmg slightly for maximized dmg output.
Elemental stones add in a flat damage to your total attack.
Its recommanded that you slot in the same elements cause each one will give you a +1 bonus.
It works like this:
Each
LvL 1 stone give you +3
LvL 2 stone give you +4
LvL 3 stone give you +5
Say you have a 4 slot weapon, slotting 4 lvl 1 stone will give you:
3+3+1+3+1+3+1=15 dmg
LvL 2 stone
4+4+1+4+1+4+1=19 dmg