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Small Time Trading

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Moderator: benchman Assistants:
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Last Post: 8/19/2017 9:54:39 PM - Followers: 31 - Board type: Free - Posts Today: 0

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
#5580   if company cared they wouldn't dump IN The Mouth Of Madness 08/19/17 09:54:39 PM
#5579   Account value finally up. Up $600 today. benchman 08/18/17 04:06:29 PM
#5578   Account value down over $400 today. All benchman 08/17/17 04:05:22 PM
#5577   Out half TPLM at .0391. If I benchman 08/17/17 03:57:47 PM
#5576   It's not easy. I still fail at it. benchman 08/17/17 11:46:33 AM
#5575   I've gotta work on that one. I always ottoman 08/17/17 11:39:42 AM
#5574   I spent years being angry. Just made benchman 08/17/17 11:36:54 AM
#5573   -you seem to control your anger better than IN The Mouth Of Madness 08/17/17 11:27:43 AM
#5572   Account value down another $1,400 today. Mostly benchman 08/16/17 04:26:27 PM
#5571   the DGLT train left without me. was watching ottoman 08/16/17 11:43:44 AM
#5570   Correction, down $500. I didn't realize where benchman 08/16/17 09:35:33 AM
#5569   Nice. I wouldn't mind living there. benchman 08/16/17 09:18:37 AM
#5568   Yes, I have been in Vegas for 14 lvhd 08/16/17 09:13:26 AM
#5567   Looks like my account value was down $1,000 benchman 08/16/17 08:11:18 AM
#5566   In general they do, but not always. benchman 08/16/17 06:08:43 AM
#5565   Thanks! I guess the "lv" stands for benchman 08/16/17 06:07:01 AM
#5564   Love it! Very relaxing place for me. benchman 08/15/17 04:07:45 PM
#5563   Thanks! I bought ESV only for a trade, lvhd 08/15/17 02:59:44 PM
#5562   nice bounce for you. I was tempted to ottoman 08/15/17 02:31:03 PM
#5561   I live in Vegas. Did you like it? lvhd 08/15/17 01:39:21 PM
#5560   Nice job! I'm heading home from Vegas benchman 08/15/17 01:36:28 PM
#5559   Back in ESV 4.20 lvhd 08/15/17 09:58:57 AM
#5558   getting crushed on BW, added more, 'cause I'm ottoman 08/10/17 01:03:43 PM
#5557   in some BW, and watching FRTA -51%. ottoman 08/10/17 10:25:47 AM
#5556   have a pleasant/uneventful flight to wherever. Better luck ottoman 08/09/17 06:19:34 PM
#5555   Going to be heading to the airport soon. benchman 08/09/17 03:07:23 PM
#5554   Thanks! Sorry on the casino. Tough loss. benchman 08/09/17 02:19:00 PM
#5553   dang. hope one of these days you get ottoman 08/09/17 02:17:26 PM
#5552   Out SLDC for a $100+ profit. Looks benchman 08/09/17 01:38:56 PM
#5551   ESV just made another all time low. benchman 08/09/17 10:40:54 AM
#5550   Okay, hope tomorrow is bounce day for you. benchman 08/08/17 04:15:11 PM
#5549   down just a tad. it really didn't move ottoman 08/08/17 04:10:19 PM
#5548   Account value dropped another $900 today. Again, benchman 08/08/17 04:08:44 PM
#5547   How did it go? benchman 08/08/17 04:07:16 PM
#5546   nibbled some GST (gastar exploration inc). was halted ottoman 08/08/17 12:29:38 PM
#5545   Account value down almost $2,000. Mostly due benchman 08/07/17 04:06:22 PM
#5544   Thanks! You too. benchman 08/07/17 12:57:19 PM
#5543   sorry to hear that. good luck for rest ottoman 08/07/17 12:49:19 PM
#5542   I should have stayed away. Very bad benchman 08/07/17 09:37:46 AM
#5541   Ft. Benning, GA benchman 08/06/17 04:58:19 PM
#5540   where ya been last 3 days? IN The Mouth Of Madness 08/06/17 12:58:05 PM
#5539   Looks like the account value increased about $550 benchman 08/05/17 08:41:03 AM
#5538   Thanks! lvhd 08/04/17 11:17:02 AM
#5537   Im almost tempted to join you in IRGTQ, ottoman 08/04/17 11:15:06 AM
#5536   everyone claims donald trump is making them rich IN The Mouth Of Madness 08/01/17 07:32:07 PM
#5535   Account value down almost $50 today. That benchman 08/01/17 04:10:45 PM
#5534   Out DCIX at .525 for a $1480 loss. benchman 08/01/17 11:48:29 AM
#5533   Account value down almost $700. Main culprit benchman 07/31/17 04:05:36 PM
#5532   thanks! especially since it's now back down to ottoman 07/31/17 10:33:31 AM
#5531   Nice trade! lvhd 07/31/17 10:24:33 AM
PostSubject