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Small Time Trading

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Last Post: 3/24/2017 11:12:39 AM - Followers: 32 - Board type: Free - Posts Today: 6

This board will be to assist small time traders. Generally new traders with small accounts. Although it could be helpful to all traders with all types of accounts.  People can post stock ideas, but I will comment on them on whether they fit the "Small Time Trading" criteria.  Please try to keep that criteria in mind when posting.  However, posting about previous trades (good or bad) and what you learned from it would be even better.  PLEASE KEEP IT CIVIL.  No need for fighting on here.  Thanks.

I started this board, because I have seen a lot of sad stories out there from new traders and people with smaller accounts.  My belief and it has proven out for me over the last year or so, is that small time traders have to trade a little differently than those with big accounts.
My plan is to answer any questions that traders have and to post tips and strategies that will help small time traders.  Accounts with $1,000 to $15,000 in them.
As for me, I have been investing/trading for over 20 years.  I have a degree in Finance, and was a registered investment advisor for a time.  Over the last year or so I have had to trade with a small account, but have been very very successful.  So why is my account not large now?  Because I have to keep taking money out of it to pay debts.  These debts were incurred during the financial crisis in 2008.

Some quick tips:

  1. When you have a small account, the best place you can make the most money is on the OTC market.
  2. Make sure you have a margin account.  You do not need to trade on margin to have one.  It just makes it easier on you to trade.
  3. Do not trade on emotion
  4. Do not buy your entire position at one time. 
  5. Do not sell your entire position at once (depending on the situation).
  6. Do not buy stocks that are in the triple zeroes
  7. Use IHUB message boards for your stocks as a resource
  8. Pay attention to is on those boards.  Good traders that you know or paid promotors.
  9. Only buy stocks that can be found on stockcharts.com
  10. Take profits earlier than most are saying you should
  11. Cut losses quickly and move on
  12. Know what you own!  And stick to your plan unless something changes with what you "know".
  13. Keep aware of possible dilution by the company or it’s lenders.  You do not want to be in a stock where that is excessive.
I will add more as I come up with them. Or others come up with ones I like.
Number 3 and 4 really help you abide by number 2.  Unfortunately, it is rare that you will get the best buy or sell price, by not buying or selling all at once, you can take advantage of this.  One of the exceptions to selling in chunks is if you can tell a stock is really going to dive, and you have to get out of there quick.
I will also be putting tips here on how to pick the right stock.  Some of that is technical, and harder to verbalize, but I will try.  I will also give examples of these stocks when I post.

Some key tips:
  1. Buy stocks with relatively low floats (100 million shares or less)
  2. Do not buy stocks with RSI’s at 70 or above
  3. Do buy stocks with RSI’s at 30 or below (however, do not use that as your only factor)
  4. Do not pick a stock that has only traded in a narrow range
  5. Pay attention to see if the company is diluting, or has lenders that are diluting.  You don’t want to be part of that ( I listed this twice smile
Remember all of my advice here is geared towards small accounts, however, everyone can benefit.
The smaller the account the more concentration you will have to have.  For example, if you only have $2,000 in your account, you probably can only own one stock at a time to be most successful.  Yes, there is more risk that way, but the goal here is to make a lot with a little.
Lastly, my disclaimer.  I AM NOT RESPONSIBLE FOR YOUR TRADES.  If you lose money with anything I say, suggest, post, recommend, that is on you.  If I own a position in any stock I write about I will tell you, and it will be in my profile.
With that….Good Luck!

PostSubject
#31  Sticky Note EDUCATIONAL POST benchman 04/15/14 10:00:41 AM
#6  Sticky Note Make sure to read the IBOX! benchman 04/10/14 12:09:27 PM
#4984   RRRT -94% I may nibble for fun. going ottoman 03/24/17 11:12:39 AM
#4983   Good luck! benchman 03/24/17 10:13:49 AM
#4982   nibbled XENE 4.60 biotanker. all-in! double down! Hit me! ottoman 03/24/17 09:37:19 AM
#4981   Go ahead jump on the RAD train! ;-) benchman 03/24/17 08:20:06 AM
#4980   Maybe I'll just stick with the market gamble. ottoman 03/24/17 07:27:43 AM
#4979   Sorry man, maybe switch games for now. benchman 03/24/17 06:04:12 AM
#4978   Account value down $865 today I beat you. ottoman 03/23/17 08:02:03 PM
#4977   Account value down $865 today. All from benchman 03/23/17 04:07:45 PM
#4976   Added DHT at $4.67. Last add. benchman 03/23/17 11:07:13 AM
#4975   Added DHT $4.74. benchman 03/23/17 10:30:55 AM
#4974   Added DHT $4.87. benchman 03/23/17 09:50:14 AM
#4973   In DHT at $5.00 pre-market. benchman 03/23/17 09:31:26 AM
#4972   Account value down about $300 today. benchman 03/22/17 04:02:17 PM
#4971   Account value was unchanged today. benchman 03/21/17 04:02:50 PM
#4970   Bought some RAD shares at $4.50. benchman 03/21/17 11:11:11 AM
#4969   Kinda, lol :-) Thanks. Just need benchman 03/21/17 05:39:24 AM
#4968   I missed out on those nice pre-market bouncers, ottoman 03/20/17 04:43:07 PM
#4967   Account value down about $500 today. benchman 03/20/17 04:04:38 PM
#4966   I missed another nice bouncer by pennies. had ottoman 03/20/17 09:32:14 AM
#4965   CERU another biotanker. came off halt -56% watching. ottoman 03/20/17 08:37:34 AM
#4964   looks like I missed the bounce. but let's ottoman 03/20/17 08:06:26 AM
#4963   LOL, good luck with it! benchman 03/20/17 08:05:11 AM
#4962   Cards on the table. So this is benchman 03/20/17 08:04:41 AM
#4961   I have an order to nibble some GNMX ottoman 03/20/17 08:00:45 AM
#4960   I know the feeling. Sorry man. benchman 03/20/17 07:55:42 AM
#4959   I do good one week then it gets sour..... IN The Mouth Of Madness 03/18/17 12:17:12 PM
#4958   Account value down $850 yesterday. benchman 03/18/17 09:40:55 AM
#4957   Looks like it will not be a good benchman 03/17/17 10:09:44 AM
#4956   Account value down $50 today. benchman 03/16/17 04:08:42 PM
#4955   That is, because you feel like you have benchman 03/16/17 09:13:03 AM
#4954   Im up over $1600 on JNUG, so it ottoman 03/16/17 08:53:10 AM
#4953   Oh man, that is a bad night. benchman 03/16/17 08:50:27 AM
#4952   just got back from casino overnighter. I had ottoman 03/16/17 08:47:32 AM
#4951   Account value up over $300 today. ESV benchman 03/15/17 04:03:16 PM
#4950   Account value was down $100. ESV was benchman 03/14/17 04:05:40 PM
#4949   Added ESV at $8.16. benchman 03/14/17 10:20:32 AM
#4948   Account value down about $50. That was benchman 03/13/17 04:08:50 PM
#4947   In some RAD April Calls at .08. benchman 03/13/17 03:15:43 PM
#4946   Account value up $700 today. Have a benchman 03/10/17 04:04:06 PM
#4945   AUXO popped. was halted. checking. edit: Auxilio Wins ottoman 03/10/17 12:24:59 PM
#4944   Account value down $2,750 over the last two benchman 03/09/17 04:09:29 PM
#4943   Yeah, never look back the day after :-) benchman 03/09/17 10:23:55 AM
#4942   lol, why did I look? OCRX hit 1.60s ottoman 03/09/17 10:14:12 AM
#4941   Yeah, I could see the younger guys being benchman 03/09/17 09:02:45 AM
#4940   Haha, too funny. Would love to have benchman 03/09/17 09:01:22 AM
#4939   Young professions buy expensive clothes at Jos A Marilynt 03/09/17 08:55:48 AM
#4938   We usually don't buy clothes unless the ottoman 03/09/17 08:55:30 AM
#4937   Okay, I had also heard those rumors of benchman 03/09/17 08:48:51 AM
#4936   didn't buy any. I was thinking about it ottoman 03/09/17 08:28:45 AM
#4935   Did you buy any? I don't have benchman 03/09/17 08:22:48 AM
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