How to look for best stocks to invest now?
What are best stocks to buy now ?
Every trader and investor wants to know answer to this question: How to look for best stocks to invest ? What are best stocks to invest in ? Well these questions can produce several different answers.I have used several different ways how to identify best stocks to buy now. I have tested several fundamental strategies and several technically based strategies. Finally I decided to use some of them.
Global macro strategy selection
of best stocks to buy now
I did not use fundamental approach for stock selections. I am personally much more technically based trader and active investor using position trades. But during my career I found that it is always good to have some basic overview of current situation in world's economy. I noticed that it is good to know something about every part of the world. World is very interconnected and what is current state of US economy is important also for development in Asia. And if something important happens in Asia, it can have effects also to development in Europe. Therefore I started to create my global macro overview of economic and geopolitical situations in the world. I decided to read some economic research produced by different analysts. Finally I selected some good research providers that produce reports and materials I like to read. I produce my own
global macro research notes
for my personal trading needs. I use these ides mostly for trades in my position trades portfolio. There are most interesting ideas I have found and it also contains selection of best stocks to invest now or in near future. Some ideas are valid for longer time period as fundamental idea is developing. So you can use them in next one month or sometimes during next year. These stock trading ideas and ETF list then I monitor in my stock trading software watchlist. I set some alerts to be notified when some technical level is approached - like important level of
support or resistance
. And then I will use my
stock trading system
rules to prepare very specific stock trading plan for individual stock or ETF.
What stocks to invest in by
technical stock selection
As I mentioned above, I started my career only by trading stocks and ETF with technical analysis only. I use basic technical analysis of
stock chart patterns
. I prepared my global ETF list I monitor for possible ETF Trading setup.My technical process to find best stocks to buy now - or sell short of course - is based on
ETF list
I have defined and on stock market screener I use for screening whole universe of titles available on stock exchanges. I scan my ETF list every weekend to decide what ETF shares are bullish and what are in bearish situation. I use simple principles of stock chart analysis. Then I create short watch list of bullish and bearish ETF which I monitor during a week. And if I found some ETF stock chart interesting, I try to create ETF trading setup, which I then trade in my portfolio.
This simple routine I repeat every week. Some weeks are rich of possible stocks picks and ETF Trading setups and some weeks I do not do single trade. But it is normal way of trading and investing in stock markets.
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