Succeeding in the stock market is no small feat.
Did you know that a surprising amount of professional money managers actually use stock market screening to be successful? Stock market screening is when one uses a mechanical model to make the investment decisions.
This is an interesting idea as the models are based on previous market history, and do not fall influence to such factors as human emotion.
It can be a beneficial way to "play the odds" in a sense.
The Benefits of Stock Screening Creating a mechanical stock model is certainly a lot of work, but many already exist and for a fee you can typically access them.
These models allow individuals to analyze multiple stocks at once.
Many tools can buzz through thousands of stocks with a simple click! This gives people the chance to consider way more stocks then they ever would have been able to, and puts a lot of convenient data at their fingertips.
Additionally, most often these models allow for individual tweaks, which clever investors can use to screen stocks in a manner more to their liking.
Conclusion Some people have a hard time letting a "robot" analyze stocks but the truth is that as long as the "robot" is programmed in a way that is desired by the investor, stock screening can have a huge benefit.
Of course you shouldn't blindly follow the robot, it certainly pays to continue to be heavily involved in your trades, but having a program to zip through criteria and perform a detailed analysis can be a huge ace in the hole for many investors.
Not all stock market screening systems are successful, be sure to do your homework and if you choose to get involved, pick a good one!