How do I use the BTMA Wealth Builders Club "Buy List" effectively?

Good question.
Here’s what I do:

After finding a group of stocks that I’ve analyzed, researched, and I’m ready to buy them, I’ll put them in this ’buy list’.

Therefore, if the price is right I would buy any one of these stocks (unless I already own enough of them, or if my capital is all tied up in other stocks.)

This “buy list” is in order with the stocks that are the closest to their buy price at the top.

For example, if Exxon (XOM) was at the top of the buy list with a “difference” of .51%, then that means that XOM’s market price in this example is only .51% away from my buy price.

If I’m interested in buying XOM, then I would set a limit order to purchase XOM at the listed “buy price” (in this case, let’s say $83.87).

If I still have money to invest, then I might also set a limit order to buy the next stock in the list if I’m interested in buying it.

In that case, I’d set a limit order to buy it at my “buy price”.

I suggest that you use my “buy list” as a guide. You can even create your own “buy list” and add stocks that you’re ready to buy that you’ve analyzed and researched.

The benefit of using this method of a buy list is that when one of these stocks get near your buy price, you can set a limit order and immediately buy them without hesitating.

You will be ready to pounce on your prey when the opportunity arises. On the other hand, many investors wait for an opportunity to arise, then they have to spend a lot of time analyzing the company and they miss the chance to buy it at a great price.

Or, they may hastefully be pressured to make a quick decision on buying a stock at a great price without fully analyzing and researching the company. This could prove to be very risky.

But you already did your homework and planning beforehand by creating your “buy list”, so you’re armed with your knowledge and ready to seize the investment at the opportune moment.

I hope this answers your question.