Sunday, August 26, 2007

StockPunk Poll

It looks like the majority of StockPunk readers use stock screens to pick their stocks. The next highest choice was doing your own research followed by stock blogs.

Personally, I find stock screening the best way to go for finding my picks. I've tried using my own research, but I've found that my emotions and flawed logic always get in the way. I make assumptions that influence my decisions based on what they company does, trends, economic influences, etc. All that stuff just gets me confused and I end up holding on to losers too long.

Stock screens keep the emotion out of my decision making. If I'm doing what I'm supposed to based on my strategy, there is no reason to be upset about stocks plunging.

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