In my stock market investing research, I came across a product I wanted to review called the Checklist Investor. This kind of product was just the type of software I was looking for because I believe in breaking down your investing step by step. You should reduce each step to a checklist that you adhere to religiously. The problem with a lot of our investment strategies is not so much the strategy sometimes, but the haphazard way that we implement them. Get in the habit of taking the same set of steps to analyze your stock buys AND sells. If you do this you will learn from your mistakes and become an expert growth investor, value investor, penny stock investor or options investor or whatever philosophy you go with.
When you first open Checklist Investor, you'll see a window pop up that gives you Checklist Investor tips on how to use the features. I found myself flipping through those to get some quick tips on what I could do with the software. After that, I got into the heart of what I wanted the software for and that was to create my investing checklists. You'll find some checklists already there from the strategies of Benjamin Graham, Peter Lynch and Warren Buffet. If you are like me, you'll want to create your own customized checklist.
Those are really easy to create in the Checklist Investor. The first one I created was what I call my Big Picture checklist. These are the steps I take to get an overall snapshot of the general market direction based on the CANSLIM strategy developed by William O'Neil.
Setting up this checklist was a breeze and the cool thing is that when I am ready to determine the overall market direction, I can pop open the software and go through the steps I've already thought out ahead of time. I can't stress enough the value of having pre-thought out all of your investment steps ahead of time. In so doing, you won't miss a single step of what you want to do.
This only touches on one aspect of the value this software can provide. Some other features include, keeping track of computer files related to your stock research as well as notes from conference calls you might listen to. In addition, you can log into your TDA Ameritrade account from right inside the software.
If you are interested in the Checklist Investor, you can go to there website by clicking here.
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