Interactive Brokers Advertisement
Home > Boards > Free Zone > All Trading - Technical >

Small Time Trading

RSS Feed
      Hide Sticky   Hide Intro
Moderator: benchman Assistants:
Search This Board: 
Last Post: 6/28/2017 4:22:39 PM - Followers: 30 - Board type: Free - Posts Today: 20

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
  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!

#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
#5425   Account value up almost $1,100 today. Which benchman 06/28/17 04:22:39 PM
#5424   Wish I could have sold there, but still benchman 06/28/17 10:16:35 AM
#5423   Out INNMF at around .064 or so for benchman 06/28/17 10:14:59 AM
#5422   .075 Im jealous. good call. there's your double ottoman 06/28/17 10:08:12 AM
#5421   HAHAHA, well it least it's a profit... benchman 06/28/17 10:02:31 AM
#5420   TDA benchman 06/28/17 10:01:53 AM
#5419   out NEOT for about a $40 profit. SUUUU-WWWWEEEEEEEEEET! ottoman 06/28/17 09:52:08 AM
#5418   If it breaks .05, I think we see benchman 06/28/17 09:48:02 AM
#5417   .045 now. sweetness! Edit: with what broker did ottoman 06/28/17 09:45:19 AM
#5416   Sorry about that. Thanks! benchman 06/28/17 09:39:35 AM
#5415   Fidelity wont let me buy the turd anyway ottoman 06/28/17 09:29:52 AM
#5414   No surprise that there was a leak. benchman 06/28/17 09:28:21 AM
#5413   Ill try and get some INNMF in the ottoman 06/28/17 09:24:55 AM
#5412   LOL, I thought it read like that too benchman 06/28/17 09:10:38 AM
#5411   jeez, I saw your post on that one, ottoman 06/28/17 09:05:10 AM
#5410   On your edit. Yes, I agree. benchman 06/28/17 08:59:05 AM
#5409   Woohoo! $35! ;-) Well, INNMF was down benchman 06/28/17 08:58:19 AM
#5408   I did not. I'll nibble a tanking biotech ottoman 06/28/17 08:50:43 AM
#5407   Did you make any trades with these? benchman 06/28/17 08:34:19 AM
#5406   Account value was down $440 yesterday. It benchman 06/28/17 08:31:41 AM
#5405   In some INNMF at .04. benchman 06/27/17 01:20:27 PM
#5404   Morning gents/gals. watching XENE and TEVA bioturds. XENE ottoman 06/27/17 08:23:47 AM
#5403   Account value down almost $1,000. Today it benchman 06/26/17 04:07:06 PM
#5402   Yeah, I see that. It did do benchman 06/26/17 10:10:32 AM
#5401   I prefer flash-crash buys, if it slowly meanders ottoman 06/26/17 10:02:22 AM
#5400   Coming down to your order now. Good luck! benchman 06/26/17 09:57:39 AM
#5399   darn. already bouncing. didn't get any, open limit ottoman 06/26/17 09:04:48 AM
#5398   Huge drop! benchman 06/26/17 09:01:41 AM
#5397   Morning. watching NEOT for bounce play maybe. -70% ottoman 06/26/17 08:48:04 AM
#5396 IN The Mouth Of Madness 06/24/17 03:44:52 PM
#5395   Without a doubt :-) benchman 06/23/17 08:29:37 PM
#5394   That would be great benchman 06/23/17 08:29:02 PM
#5393   nicely done. helps for a more relaxing weekend. ottoman 06/23/17 06:09:57 PM
#5392   the bleeding stopped, up from here IN The Mouth Of Madness 06/23/17 04:50:28 PM
#5391   Finally a decent day. Account value up benchman 06/23/17 04:07:23 PM
#5390   Account value up $100 or so. My benchman 06/22/17 04:09:32 PM
#5389   Account value down over $1,500 today. Which benchman 06/21/17 04:06:36 PM
#5388   Hopefully today is capitulation on oil and ESV. benchman 06/21/17 12:48:13 PM
#5387   Added TPLM at .025. benchman 06/21/17 10:18:55 AM
#5386   Account value down over $1,600 today. Pretty benchman 06/20/17 04:05:33 PM
#5385   Account value up close to $450 today. benchman 06/19/17 05:27:27 PM
#5384   Out GAHC .0345 for about a $10 profit. benchman 06/19/17 02:46:11 PM
#5383   Account value was up $70 today. This benchman 06/16/17 04:05:58 PM
#5382   Added ESV $5.63. benchman 06/16/17 09:34:57 AM
#5381   good riddance to that one. ancient history. on ottoman 06/16/17 08:40:10 AM
#5380   Thanks. I had to sell RAD when benchman 06/16/17 08:20:33 AM
#5379   good luck with it! also, are you still ottoman 06/16/17 08:12:23 AM
#5378   Should match up pretty well with the chart benchman 06/16/17 07:55:01 AM
#5377   and here's to oil drillers, specifically ESV going ottoman 06/15/17 05:57:38 PM
#5376   I guess that is your make up call benchman 06/15/17 05:35:38 PM