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Last Post: 4/24/2017 5:13:37 PM - Followers: 32 - 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
#5125   Thanks! benchman 04/24/17 05:13:37 PM
#5124   great to hear ottoman 04/24/17 05:07:33 PM
#5123   Great rebound for the account today. Account benchman 04/24/17 04:25:36 PM
#5122   Out a 1/3 of what I have remaining benchman 04/24/17 01:46:42 PM
#5121   I think the market will have a good benchman 04/24/17 12:06:21 PM
#5120   I had bought VXX this morning at 15.70, ottoman 04/24/17 11:21:45 AM
#5119   Your last sentence is the key. I benchman 04/24/17 10:45:26 AM
#5118   On a day like today and RAD down?? ottoman 04/24/17 10:38:59 AM
#5117   Thanks benchman 04/24/17 09:27:29 AM
#5116   I hope RAD partakes in the rally today. ottoman 04/24/17 09:19:18 AM
#5115   I'm still in CARV , averaged down actually, ottoman 04/23/17 02:21:01 PM
#5114   Bad couple of days while I've been gone. benchman 04/23/17 09:39:06 AM
#5113   How'd you do? I have been gone. benchman 04/23/17 09:37:50 AM
#5112   in CARV at 5.80. not a single stock ottoman 04/21/17 10:02:59 AM
#5111   CARV halted on a spike. watching. ottoman 04/21/17 09:49:35 AM
#5110   ugh, yeah just looked at Schlumberger. down 2.31%. ottoman 04/21/17 09:48:13 AM
#5109   It looks like it will. Thanks! benchman 04/21/17 09:42:36 AM
#5108   So far it hasn't . We'll see. benchman 04/21/17 09:41:50 AM
#5107   So far it hasn't . We'll see. benchman 04/21/17 09:41:50 AM
#5106   hopefully the whole oil-drilling sector gets some love ottoman 04/21/17 07:47:27 AM
#5105   patience paid off IN The Mouth Of Madness 04/20/17 02:28:00 PM
#5104   watching IMNP. bioturd company. spiked up to 5.02 ottoman 04/20/17 09:59:18 AM
#5103   Account value down almost $1,400 today. That benchman 04/19/17 04:14:56 PM
#5102   I don't know. benchman 04/19/17 03:32:16 PM
#5101   covered. $600+ loss or so. don't even wanna ottoman 04/19/17 03:30:19 PM
#5100   Ugh, sorry :-( benchman 04/19/17 03:16:50 PM
#5099   I had covered, then re-entered my TVIX short ottoman 04/19/17 02:53:17 PM
#5098   Sold some of my shares of DHT at benchman 04/19/17 02:02:32 PM
#5097   Doubled up my RAD shares at $4.16. benchman 04/19/17 01:13:57 PM
#5096   $ASTI Golden Cross Forming imo myopinion 04/18/17 09:28:37 PM
#5095   Account value up about $700, mostly due to MAAFF. benchman 04/18/17 04:15:05 PM
#5094   Oh boy, that is a decent haircut. benchman 04/18/17 11:32:58 AM
#5093   IDXG volatility halted (on the downside looks like). ottoman 04/18/17 11:24:43 AM
#5092   The market doesn't think the deal will go benchman 04/17/17 04:16:14 PM
#5091   Jeez what the heck is up with the ottoman 04/17/17 04:13:31 PM
#5090   Account value up $350 today. Most of benchman 04/17/17 04:10:40 PM
#5089   After last week I wanted nothing to do ottoman 04/17/17 04:08:48 PM
#5088   Yes, nice job on that. Glad you benchman 04/17/17 04:06:26 PM
#5087   Short Looking better now , hopefully you made ottoman 04/17/17 03:51:18 PM
#5086   It looks like your short is doing good benchman 04/17/17 08:54:16 AM
#5085   so far Im impressed it's not down much ottoman 04/17/17 08:40:06 AM
#5084   Good morning, I think OMED was one that benchman 04/17/17 08:38:46 AM
#5083   MOCO halted. to be aquired at $30/share. trading ottoman 04/17/17 08:19:08 AM
#5082   morning all. watching OMED. currently halted. will be ottoman 04/17/17 08:16:38 AM
#5081   I actually haven't made any trades for a benchman 04/14/17 06:28:20 AM
#5080   I follow this guy on Twitter. He's usually ottoman 04/13/17 07:27:25 PM
#5079   The market is closed tomorrow. Thank Jesus. appropriate ottoman 04/13/17 06:10:56 PM
#5078   Account value down over $900 today. I benchman 04/13/17 04:12:44 PM
#5077   TVIX falling back, right on cue. good riddance. ottoman 04/13/17 03:49:36 PM
#5076   CNBC is going to blame any drops in benchman 04/13/17 03:49:23 PM
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