Checklist Investor

The other day I wrote a post called Checklist Investor review. This piece of software provides a great way to make checklists for all of your stock market investing strategies. Taking note of all of the investment choices you make and writing them down and putting each step down as you make it is one way to clear your head and lay out a roadmap to your investing success. You've got to do this so that when the your money is on the line, you won't think emotionally but instead will think logically. By following the logic of your investing checklist, you'll eliminate one potential roadblock to making money in the stock market and that is acting irrationally. The other thing about breaking things down is it clears your head and you don't have to rethink everything all of the time.

The first thing I did after I got my checklist investor download was to start putting all of my checklist into it. Now, when I want to see for example, what the market's general direction is, I just open up the checklist investor and zip through the steps I decided to take. Because all of the steps are there and the rules I need to know are all in one place, I can quickly find out what the day's market activity means to me. In addition, I won't forget any steps. You know how easy it is to leave stuff out. With a checklist, you won't forget. You might not choose to exercise a step, but at the very least, you will see it. The only thing you need to do is make sure you review your checklist. That by the way is the hardest part.

There is alot more that you can do with Checklist Investor that I don't take advantage of. You can use it to be as detailed as you want it to be. Whether you use this software or a regular written checklist, either one will help you get more clarity in your investment process.