Do you find yourself struggling to find the best stocks to invest in?
We all do and it’s something that we all want to find a way to change. We receive offers from many promoters telling us they will send the right pick through our email addresses.
Most of the times that we trade those picks, we tend to lose our money. Totally the opposite of what we’re looking for.
Could there be a true path through which you can look for the best stocks to invest in?
It may be a little difficult to look for the best stocks, but if you’re looking to make profits from your picks you definitely have to take your time to look for them.
From this post I’m going to share with you some of the strategies I use to look for the best stocks to invest in. Hopefully my strategies may work for you as well.
The first thing I do when I’m looking for a stock to buy
If you’re trading and not using a stock screener you have to change that today. The first thing you should do is to go to a stock screener to start your research. Stock screeners are very helpful when it comes to look for the best stocks to invest in.
If you’ve been using one for your research, you’re doing well, but if not you definitely have to change that.
One of my favorites is Finviz screener, this screener is very simple to use especially if you know exactly what you’re looking for in a stock.
Before I start looking for my stocks, I go to Finviz and then click on groups at the top. From there you will see the sectors that are doing well as well as those that aren’t. Not from that day, however :).
This screenshot was taken on one of those days when the market was down as you may have already noticed. It was a bad day for anyone who traded long. On the other hand, those who traded short made a killing. congrats to you if you traded short!!!
I know, there’s no way you would choose to trade any stock from these sectors, but if you are going to trade short then they might be the right sectors for you.
As of the day I the picture was taken that’s how it looks when you click on the groups page at the top of finviz’s screener. Checking this before you start looking for your stock can be very helpful.
I did not take the entire screen shot because it would’ve been too large, but you should have a good idea as of why it could be helpful to you to check it before you engage yourself deeper into your quest for the best stocks to invest in.
Now, after you done with this part you can choose from which sector you would want to look for your stock. This is the time you would be using the secreener and fill the table with everything you’re looking for from your stock.
This is the default look of the Finviz stock screener. Once you start choosing your data the total of stocks showing as 7,191 will be decreased to make it easier for you to find your stock.
All the stocks that do not meet your criteria will be removed from the list, leaving it with those that fit your criteria.
Screeners are very beneficial to us because without them we could spend countless number of hours looking for the best stocks to invest in. And what make it worst, spending this much time does not guarantee you the best stock.
Even Peter Leeds, one of the penny stock trader’s gurus encourages us to use stock screeners for our research in order to be successful.
There’s no way around that when looking for success in trading. they’re reliable and provide some very useful information to us to ensure that we’re not picking the portfolio breakers.
Not that the screener could guarantee you the best stock contrary to not using them; however, you have a way greater chance of spotting your stock with one.
Your best bet will always be to use one instead of not using a screener. If you choose not to use Finviz, I have also compiled a list of some of the best free stock screeners out there that you can use.
Fortunately, you can opt to pay for a program that send you picks on the days that they promise to you. Many traders may not have sufficient fund to pay for a program and to also have extra money to trade. Luckily, most of them ask for one flat fee and no more payments afterwards.
Nonetheless, those programs are not expensive. Don’t you think it’s cool?
I think so because you can make the money you spend for the program very quick. Most of traders who use those kind of programs even forget that they were paying or have paid for them because compare to what they’re making from them, the cost is very irrelevant.
By the way I will talk about a very good program in the next post, it’s a surprise so I can’t tell you the name yet. But…stay alert and if you not subscribed to this blog, I think you should also take this time to do so.
You do not want to miss the next post which might be something that you could be interested in. As a matter of fact, many penny stocks traders are currently using it.
Have you ever used a paid program by the way? How did it work for you or how is it going? You can reply to these questions in the comment box bellow.
Finding the best stocks to invest in could be very challenging. If you don’t know how to research it could be even harder for you to spot your winning stock or the best stocks to invest inb.
We are so fortunate that there are countless of free tools out there that can help us throughout our research. But if you’re someone who does not like to conduct your own research, you’re not alone, you should be able to find some paid programs that can definitely help.
Don’t trade any penny stocks without researching the company first unless it was sent to you by your stock picking program.