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Small Time Trading

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Last Post: 5/27/2017 7:59:43 AM - Followers: 33 - Board type: Free - Posts Today: 1

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
#5311   Thanks, I do have that. benchman 05/27/17 07:59:43 AM
#5310   as long as you have a good job IN The Mouth Of Madness 05/26/17 04:43:25 PM
#5309   Heading out early today. All my positions benchman 05/26/17 11:00:14 AM
#5308   Thanks. It would be nice to end benchman 05/26/17 07:08:27 AM
#5307   sorry to hear. fingers crossed for tomorrow. long ottoman 05/25/17 06:22:02 PM
#5306   Account value down over $2,500 today. I benchman 05/25/17 04:03:30 PM
#5305   Account value down $70 today. It has benchman 05/24/17 04:07:08 PM
#5304   spot VIX 9.89. I may start nibbling VXX ottoman 05/24/17 04:00:39 PM
#5303   Nice! Market headed higher now. Hope benchman 05/24/17 03:57:11 PM
#5302   spot VIX almost in the 9s again. crazy low. ottoman 05/24/17 03:29:44 PM
#5301   nice JNUG pop. last add was 15.82. 17.70 ottoman 05/24/17 03:27:30 PM
#5300   $ASTI Ascent Solar Tech. MajorHolder#1 MazelTov 05/24/17 02:33:24 PM
#5299   Out more TPLM at .055. Should have benchman 05/24/17 12:40:07 PM
#5298   Good luck! benchman 05/24/17 12:34:15 PM
#5297   morning. I added more JNUG to my pile. ottoman 05/24/17 09:48:24 AM
#5296   Account value down $244 today. Kind of benchman 05/23/17 04:02:00 PM
#5295   Account value up over $700 today. It benchman 05/22/17 04:13:59 PM
#5294   Thanks for the new chart site. Unfortunately, benchman 05/22/17 03:17:31 PM
#5293   Thanks bud! Stockcharts doesn't have it but tradingview TradeFlow 05/22/17 03:13:09 PM
#5292   Nice! Good luck with it. I benchman 05/22/17 01:40:23 PM
#5291   Added FERN this morning, looking for .01+. Low TradeFlow 05/22/17 12:54:39 PM
#5290   Pretty much :-( benchman 05/22/17 06:16:16 AM
#5289   wining streak followed by bs streak IN The Mouth Of Madness 05/20/17 02:21:47 PM
#5288   Account value down $440 today. It was benchman 05/19/17 04:04:22 PM
#5287   Would be a pretty exciting lotto if the benchman 05/19/17 10:21:58 AM
#5286   indeed ;-) making me wanna grab some RAD ottoman 05/19/17 08:47:01 AM
#5285   Interesting that they were the 10's. benchman 05/19/17 08:44:51 AM
#5284   Watch These 5 Huge Call Purchases In Friday Trade ottoman 05/19/17 08:42:25 AM
#5283   Account value down over $500 today. benchman 05/18/17 04:11:06 PM
#5282   Out 1/2 TPLM at .057. That is benchman 05/18/17 04:06:56 PM
#5281   Looks like it is working out for them benchman 05/18/17 11:28:52 AM
#5280   guys on the Bounce board are flipping BRVU. ottoman 05/18/17 10:28:36 AM
#5279   Account value down over $1,100 today. My benchman 05/17/17 04:10:07 PM
#5278   glad I was nibbling some JNUG and VXX ottoman 05/17/17 11:37:13 AM
#5277   Nice job! Thanks! benchman 05/17/17 09:47:56 AM
#5276   out all my TPLM at .056. I didn't ottoman 05/17/17 09:46:27 AM
#5275   Account value down close to $500. And benchman 05/16/17 04:12:17 PM
#5274   Yes. We'll pray for that ;-) benchman 05/16/17 02:55:53 PM
#5273   But if the RAD deal goes through, you ottoman 05/16/17 02:43:49 PM
#5272   Haha, yeah, you look at TPLM and I benchman 05/16/17 02:18:30 PM
#5271   TPLM .056. ;-) I still own some. ottoman 05/16/17 01:16:55 PM
#5270   Account value was up $940 today. It benchman 05/15/17 04:24:50 PM
#5269   My stellar morning has had a bad turnaround. benchman 05/15/17 02:44:47 PM
#5268   Account value up almost $1,500 here in pre-market. benchman 05/15/17 08:45:27 AM
#5267   Must have been a slow Friday, the numbers benchman 05/13/17 08:27:22 AM
#5266   Going to head out early guys. Currently benchman 05/12/17 12:57:32 PM
#5265   Thanks! benchman 05/12/17 10:08:38 AM
#5264   nicely executed ottoman 05/12/17 09:47:35 AM
#5263   All out AMD at $11.39 for a $800 profit. benchman 05/12/17 09:38:37 AM
#5262   Account value up $370 today. Mostly due benchman 05/11/17 04:12:26 PM
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