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The number one question you ask me is this: "What's the best stock to buy right now?"
Now, I've trained 300,000 people all over the world how to trade options. I ran the world's largest options training company and appeared on several radio shows.
No matter what medium I trained people in, no matter where in the world I was, that's what people always asked me. I heard it everywhere.
And no wonder.
With thousands of stocks to choose from, it's hard to know where to start or where to look... It's like trying to find the proverbial needle in the haystack.
Let me show you how to do just that...
Why Trading the Haystack Is Better Than Trading the Needle
Now, searching for that single stock - that needle in the haystack - that you should buy can be a daunting task.
So instead, let's remove some of that stress by finding a group of stocks that run together. Rather than relying on the ups and downs of one stock, trading a whole group will let you profit even if one of the stocks isn't doing too well.
I call this trading the haystack, not the needle.
The most practical way to do that is to buy index ETFs - exchange-traded funds that track market indices like the Dow or the S&P 500.
When one of the stocks in an ETF like that releases a bad earnings report or is the subject of some negative news, that one stock may get hit and hit hard.
But the ETF won't drop nearly as much, if at all, because the other stocks in the fund will hold the overall ETF up.
Of course, that also works in reverse - the ETF won't double when any given stock in it does. But the strength of the ETF over any one stock is the key.
To find the best haystack to buy, I used my proprietary tools to find the highest-performing ETFs over the last 52 weeks. Take a look...
About the Author
Tom Gentile, options trading specialist for Money Map Press, is widely known as America's No. 1 Pattern Trader thanks to his nearly 30 years of experience spotting lucrative patterns in options trading. Tom has taught over 300,000 traders his option trading secrets in a variety of settings, including seminars and workshops. He's also a bestselling author of eight books and training courses.