Tuesday, July 27, 2010

IBD Market Direction Checklist

Tags

Over the last few days, I got a request for an IBD market direction checklist. I think that was because I had written a few articles about the IBD market pulse. As you might know from reading my site, I have spent some time discussing what I consider the first step in your stock market investing journey and that is market direction. In fact, that's how I start each day. I look at the market and confirm the overall trend.

I also think that it's important that you take every step of your investment process and break it down in to checklist that you can follow each and every day. You should be working your way to a daily routine of sorts that you can follow day in and day out. One of the ways to make sure that you follow the same routine is to make a checklist. While a checklist in this case might serve as a memory jogger more than anything else, the longer the list of decisions you need to make becomes, the easier it will be to start to cut corners and leave steps out or forget things.

Checklists are the way out of that problem.

So as far as our first checklist goes, I want to walk you through my checklist for determining market direction using the IBD and link to a Google docs checklist that I might update from time to time below.

Keep in mind that what you are going to have to do is develop your own specific checklist that suits your own style. You might like what I've put together, and then again, you might not. The important thing to do is to think in terms of setting up an investing system that you can follow. This will also have the added benefit of removing some of the emotion out of your investment routine if you have already "pre-thought" your decisions.

Here is my link to my IBD Market Direction Checklist.

Related Article

Stock Market Investing Today

Stock Market Investing Today - Smart Investing.


EmoticonEmoticon