Making Your Own Top 10 Stocks To Buy List

Coming up with a list of best stocks to buy is subjective, at best. You will certainly get 50 different answers if you ask 50 different people to come up with such a list. One person can't possibly know which stocks are best, even if that person has years of experience trading stocks. And since no one has a crystal ball that actually works, predicting which stocks are about to make the major moves is more about market research than anything else. In your stock market investing journey, you will need to come up with your own list of top 10 stocks to buy. But where do you start? How do you put together such a list?

Creating your own list isn't an easy proposition. It involves a great deal of news analysis, technical indicator analysis and overall market research. You will have to conduct a thorough self-evaluation as well. You will have to ask yourself how much risk you are willing to shoulder as well as how much you can afford. The size of your investing account will be a large determining factor as well. If you are unable to afford the more expensive stocks, obviously, your own personal list of hot stocks to buy won't include the blue chips. It should now be clear that creating your own list of best stocks depends very much on the individual.

Market research is of paramount importance when you begin to create your own list of best stocks to buy.  You will want to either spend time watching CNBC to see what's going on in the world of stocks or use stock analysis software to narrow your search down to those that are about to make major moves.  

With stock analysis software you can save a tremendous amount of market research time.  Such software gives you the ability to enter specific criteria and then quickly sort through the thousands of stocks that are out there to find the ones you are looking for.  The stock analysis software programs primarily use technical indicators to find these stocks.  They can analyze candlestick patterns, Fibonacci retracements, moving averages and others.  Always keep in mind though that technical indicators don't show the complete picture.  Once you narrow your list of stocks to just a few with the stock analysis software, you will still need to take the time to research the company and its history to see if it is solid and profitable.

Yet another thing to think about when assembling your list of hot stocks to buy is the amount of money you have in your trading account.  What can you afford to buy?  If you have a small trading account, you might want to limit your search to penny stocks.  However, if you have a sizable account and need a place to park your money for long-term growth, you might want to consider investing in the blue chips.  The size of your trading matters a lot.  Keep in mind that the money you put in your trading account represents risk money.  If you aren't careful, there is always the potential to lose it all.

Creating your own list of top to stocks to buy is something that is very personal for each individual.  It does take some time and a little bit of work, but the rewards are definitely worth it.