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Small Time Trading

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Last Post: 10/18/2017 8:34:33 AM - Followers: 36 - Board type: Free - Posts Today: 2

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!

SureTrader
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#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
#5945   In order to get out of this call benchman 10/18/17 08:34:33 AM
#5944   Waking up to a margin call. Hopefully, benchman 10/18/17 06:17:50 AM
#5943   Account value down over $2,000 today. Almost benchman 10/17/17 04:07:14 PM
#5942   Added more ADOM at $5.26. Yeesh... benchman 10/17/17 03:40:32 PM
#5941   Out 1/2 my 5 dollar strike MNKD puts benchman 10/17/17 03:30:35 PM
#5940   Added ADOM at $6.11. They filed a benchman 10/17/17 12:02:58 PM
#5939   In November $3 strike puts for TRXC at .30. benchman 10/17/17 11:07:04 AM
#5938   Nice job. Everybody needs pizza every now benchman 10/17/17 10:24:00 AM
#5937   out NEOT $1.14 pizza and gas money because ottoman 10/17/17 09:33:45 AM
#5936   watching NEOT. falling back now after spike following ottoman 10/17/17 08:58:38 AM
#5935   Account value down about $200 today. The benchman 10/16/17 04:21:15 PM
#5934   Added ADOM at $6.527. benchman 10/16/17 03:41:10 PM
#5933   Out MNKD shares at $5.63 for a $310 profit. benchman 10/16/17 10:25:57 AM
#5932   Averaged down on my MNKD $5 Puts at .15. benchman 10/16/17 10:15:59 AM
#5931   Bought some TRXC $2 Puts at .10. benchman 10/16/17 09:52:04 AM
#5930   In some MNKD at $5.31 as a hedge benchman 10/16/17 07:14:20 AM
#5929   Account value up around $950 today. It benchman 10/13/17 04:14:07 PM
#5928   Added MAAFF at .0058. benchman 10/13/17 03:53:21 PM
#5927   Out JILL at $5.09 for a $61 profit. benchman 10/13/17 01:15:12 PM
#5926   Thanks! It is slipping down now. benchman 10/13/17 10:30:58 AM
#5925   wow. Just looked at ESV. very nice indeed. ottoman 10/13/17 10:29:35 AM
#5924   ESV had some interesting AH activity yesterday within benchman 10/13/17 10:26:34 AM
#5923   Account value down $940 today. Which means benchman 10/12/17 04:19:15 PM
#5922   In some JILL at $5.02. benchman 10/12/17 10:05:20 AM
#5921   Thanks. ESV probably going to be in benchman 10/12/17 10:02:51 AM
#5920   That darn ESV, I hope it explodes so ottoman 10/12/17 09:57:51 AM
#5919   Thanks, was going to buy at $2.05, but benchman 10/12/17 09:54:44 AM
#5918   ACRX 2.40. nice if you nibbled near 2. ottoman 10/12/17 09:45:18 AM
#5917   lol Mystery Machine. It's "groovy" ottoman 10/12/17 09:32:03 AM
#5916   Haha, love the dream machine...EDIT: Or was benchman 10/12/17 09:29:44 AM
#5915   thanks just put ACRX on watch list. and ottoman 10/12/17 09:28:54 AM
#5914   Thanks SM!! benchman 10/12/17 08:35:33 AM
#5913   nice trade bman [SMART MONEY] 10/12/17 08:31:02 AM
#5912   Take a look at ACRX. Down big benchman 10/12/17 08:12:20 AM
#5911   LOL, that is one way to put it ;-) benchman 10/12/17 08:10:01 AM
#5910   groovy!! ottoman 10/12/17 08:07:12 AM
#5909   All out CLNT at $6.21 for a $1,120 profit. benchman 10/12/17 07:06:21 AM
#5908   NEWS OUT CLNT: benchman 10/12/17 06:42:48 AM
#5907   Account value up over $1,050 today. benchman 10/11/17 04:33:26 PM
#5906   CLNT - I tried to sell my other benchman 10/11/17 12:40:05 PM
#5905   Most likely benchman 10/11/17 11:01:13 AM
#5904   Im just seeing a lot of skepticism on ottoman 10/11/17 10:54:13 AM
#5903   Probably good to keep checking. Maybe an upgrade? benchman 10/11/17 10:46:59 AM
#5902   LBIX +130% I don't see any news. maybe ottoman 10/11/17 10:23:42 AM
#5901   Sold 1/2 CLNT at $5.40. benchman 10/11/17 10:23:32 AM
#5900   Bought Puts on MNKD. I bought the benchman 10/11/17 10:00:05 AM
#5899   Out 1/3 ADOM at $7.05. benchman 10/11/17 09:37:29 AM
#5898   Added CLNT at $4.81 in pre. benchman 10/11/17 09:00:55 AM
#5897   ADOM - this is the reason it went benchman 10/11/17 06:05:22 AM
#5896   Account value up about $330 today. A benchman 10/10/17 04:26:45 PM
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