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Small Time Trading

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Last Post: 1/20/2017 4:21:13 PM - Followers: 34 - 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
#4652   The easy shorts never have shares available for benchman 01/20/17 04:21:13 PM
#4651   if only I could short the pos, but ottoman 01/20/17 04:19:26 PM
#4650   Well NEWL had one last spike before it benchman 01/20/17 04:18:21 PM
#4649   lol, yep, you're not the only one who ottoman 01/20/17 04:17:04 PM
#4648   Reminds me of NEWL. benchman 01/20/17 04:14:20 PM
#4647   reverse-split adjusted, 52-week high for GBSN was $279,720. ottoman 01/20/17 04:12:46 PM
#4646   Account value down $3,300 today. All due benchman 01/20/17 04:06:40 PM
#4645   Yeah, a real killer. benchman 01/20/17 04:03:43 PM
#4644   madre de dios! what a stinker. I used ottoman 01/20/17 04:02:44 PM
#4643   Added yet again at .0023. benchman 01/20/17 03:49:36 PM
#4642   Thanks! I need it!!!!! benchman 01/20/17 03:17:06 PM
#4641   Good luck! lvhd 01/20/17 03:15:28 PM
#4640   Added GBSND at .0031. benchman 01/20/17 03:14:07 PM
#4639   Added more GBSND at .0042. My gosh... benchman 01/20/17 02:59:01 PM
#4638   Added more GBSND at .0059. benchman 01/20/17 02:38:09 PM
#4637   Added more GBSND at .0071. benchman 01/20/17 02:22:34 PM
#4636   Who knows. The dumping is relentless. benchman 01/20/17 01:54:50 PM
#4635   out at .0078, got spanked. should bounce ottoman 01/20/17 01:52:06 PM
#4634   Me too. It's been a selling bonanza. benchman 01/20/17 01:38:48 PM
#4633   GBSND rough day, what do you think? Rainer 01/20/17 01:36:51 PM
#4632   Added GBSND at .0094. benchman 01/20/17 01:30:03 PM
#4631   Haha, okay, sounds good. benchman 01/20/17 01:12:11 PM
#4630   I'll just have to try your ESV flipping. ottoman 01/20/17 01:10:46 PM
#4629   May happen. We'll see. benchman 01/20/17 01:08:14 PM
#4628   my low is .0125 I think I'll keep ottoman 01/20/17 01:00:24 PM
#4627   Well day is not over. benchman 01/20/17 01:00:13 PM
#4626   Doubled up on GBSND at .0106. benchman 01/20/17 12:59:07 PM
#4625   crap. another 80% today, 80% tomorrow, etc etc. ottoman 01/20/17 12:57:06 PM
#4624   True! Good luck to us! benchman 01/20/17 12:41:32 PM
#4623   yep. I couldn't help it and nibbled some ottoman 01/20/17 12:39:49 PM
#4622   In GBSND at .0135. benchman 01/20/17 12:34:56 PM
#4621   look at a 1-year chart of RCII, and ottoman 01/20/17 11:14:13 AM
#4620   Thanks! benchman 01/20/17 11:12:40 AM
#4619   lousy sales. Rent-A-Center Shares Fall on Sales, Profit Warning ottoman 01/20/17 11:12:01 AM
#4618   Okay, good luck with it. Why did benchman 01/20/17 11:09:07 AM
#4617   I grabbed some rent-a-center (rcii), usually when it ottoman 01/20/17 11:07:55 AM
#4616   Thanks! Did better with that one than benchman 01/20/17 11:05:28 AM
#4615   expertly done! ottoman 01/20/17 11:04:01 AM
#4614   Out RAD $7.53 for a $500 gain. benchman 01/20/17 10:57:10 AM
#4613   In RAD $7.01. benchman 01/20/17 10:55:27 AM
#4612   Out CBIS at .129 for a profit of $63. benchman 01/20/17 10:39:07 AM
#4611   In some CBIS at .1213. RSI is benchman 01/20/17 09:56:54 AM
#4610   Account value down just under $400 today. benchman 01/19/17 06:54:43 PM
#4609   Yeah, I don't mind sharing. I did benchman 01/19/17 06:42:29 PM
#4608   I've certainly noticed you're very honest, and don't ottoman 01/19/17 04:57:02 PM
#4607   Thanks! benchman 01/19/17 04:12:59 PM
#4606   nice trading! ottoman 01/19/17 03:14:52 PM
#4605   Covered the rest of my ESV at $11.10. benchman 01/19/17 03:12:53 PM
#4604   in some RCII -20% ottoman 01/19/17 12:53:40 PM
#4603   nibbled some ANY .36 'cause I'm stupid. news ottoman 01/19/17 10:14:05 AM
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