SureTrader SureTrader
Home > Boards > Free Zone > All Trading - Technical >

Small Time Trading

RSS Feed
      Hide Sticky   Hide Intro
Moderator: benchman Assistants:
Search This Board:
Last Post: 9/27/2016 6:29:46 PM - Followers: 30 - 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
#3973   Boom made some dough on KTOVW today! TradeFlow 09/27/16 06:29:46 PM
#3972   Account value down about $350. ESV was benchman 09/27/16 04:05:49 PM
#3971   Account value up about $200. All from ESV. benchman 09/26/16 04:11:34 PM
#3970   Out another 1/3 AXPW at .01. benchman 09/26/16 12:03:20 PM
#3969   No problem Homeboy! benchman 09/25/16 08:38:31 AM
#3968   I don't know why I put anything about homeboy4u 09/24/16 04:36:45 PM
#3967   NVAX….already bounced from the 1.20 area I caught girlfriend 09/24/16 11:12:09 AM
#3966   NPWZ has a great chart setting up over there homeboy4u 09/24/16 11:09:40 AM
#3965   Here's another one that looks primed for a homeboy4u 09/24/16 10:35:32 AM
#3964   I sold half as I usually do on girlfriend 09/23/16 04:44:32 PM
#3963   Still in CXRX? Great trade for you! benchman 09/23/16 04:06:58 PM
#3962   After two real good days, I guess I benchman 09/23/16 04:06:08 PM
#3961   Another good day. Account value up about benchman 09/22/16 04:06:36 PM
#3960   Thanks GF. My buy would have based benchman 09/22/16 01:13:17 PM
#3959   Benchman….CXRX…..I have done more reading overnight on this girlfriend 09/22/16 01:04:47 PM
#3958   Not me, but the chart is looking good benchman 09/22/16 09:48:10 AM
#3957   Anyone here checking out TNXP for a chart homeboy4u 09/22/16 09:45:02 AM
#3956   A correction, it looks like that CC for benchman 09/21/16 04:52:29 PM
#3955   Yes, most definitely! benchman 09/21/16 04:50:49 PM
#3954   I have both eyes on CXRX. But will girlfriend 09/21/16 04:37:11 PM
#3953   Thanks! Yes, great call on your part benchman 09/21/16 04:33:28 PM
#3952   Good show! And saved you a few bucks girlfriend 09/21/16 04:16:02 PM
#3951   Very good day. Finally. Hopefully, yesterday benchman 09/21/16 04:12:43 PM
#3950   Added MSTX at .101. benchman 09/21/16 01:17:32 PM
#3949   Out another 1/6 of AXPW at .0096. benchman 09/21/16 11:52:12 AM
#3948   Bought some MSTX around .117. benchman 09/21/16 11:15:29 AM
#3947   Out ADHH at .016 for a $540 loss. benchman 09/21/16 10:51:55 AM
#3946   Rough day. Account value down about $1,000. benchman 09/20/16 04:26:12 PM
#3945   Added ADHH at .015. benchman 09/20/16 03:55:21 PM
#3944   Yep, I remember. Hope you do well benchman 09/20/16 03:49:19 PM
#3943   IFAN remember this one, in at 0029 looking IN The Mouth Of Madness 09/20/16 03:45:57 PM
#3942   In ADHH .034. benchman 09/20/16 01:37:14 PM
#3941   ESV fell to $6.495, at that time I benchman 09/20/16 11:16:55 AM
#3940   ESV time to milk new plays IN The Mouth Of Madness 09/19/16 07:02:38 PM
#3939   So maybe it was okay that I missed benchman 09/19/16 06:32:06 PM
#3938   Careful with CXRX. There are talks of girlfriend 09/19/16 04:36:22 PM
#3937   Account value down about another $800. Mostly benchman 09/19/16 04:05:39 PM
#3936   Account value down $200. All on ESV. benchman 09/16/16 11:48:50 PM
#3935   That's great. We still have a couple benchman 09/16/16 11:47:16 PM
#3934   Yeah, GBSN was a killer. I agree benchman 09/16/16 11:46:29 PM
#3933   you see GBSN 4 R/S this year, NASDAQ IN The Mouth Of Madness 09/16/16 05:43:09 PM
#3932   prick IFAN im not in but I'm IN The Mouth Of Madness 09/16/16 05:41:41 PM
#3931   well i made a comeback here going to IN The Mouth Of Madness 09/16/16 05:40:22 PM
#3930   Account value up $200. It had been benchman 09/15/16 04:09:33 PM
#3929   Account value up around $800. All due benchman 09/14/16 04:09:10 PM
#3928   Me too! benchman 09/14/16 02:05:59 PM
#3927   I want 02s Mr Rollup 09/14/16 02:00:44 PM
#3926   LOL, had sell some. Hope it heads higher. benchman 09/14/16 01:59:10 PM
#3925   1/6..... :-D Mr Rollup 09/14/16 01:56:36 PM
#3924   Out 1/6 AXPW at .014 earlier this morning. benchman 09/14/16 01:03:16 PM
PostSubject