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: 12/8/2016 10:19:24 AM - Followers: 32 - Board type: Free - Posts Today: 8
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
#4426   Added DRYS $4.36. benchman 12/08/16 10:19:19 AM
#4425   Thanks Chris….but I generally don't play penny stocks! girlfriend 12/08/16 10:11:18 AM
#4424   WATCH FOR ,,WFMC,, ANYDAY HUGE RUN chris12 12/08/16 10:09:19 AM
#4423   Back in ESEA 1.73 lvhd 12/08/16 10:03:53 AM
#4422   I should too probably only have 1/3 of girlfriend 12/08/16 09:55:14 AM
#4421   Added CEMP 7.05 lvhd 12/08/16 09:54:27 AM
#4420   Added HADV at .255. benchman 12/08/16 09:40:36 AM
#4419   The stock in question, PRGNF, closed on the benchman 12/07/16 04:05:42 PM
#4418   Looks like my day will be determined based benchman 12/07/16 03:50:48 PM
#4416   Out SIGM at $5.41 for about a $100 benchman 12/07/16 01:29:32 PM
#4414   Filled the rest of my order at .305 benchman 12/07/16 11:48:53 AM
#4413   Added HADV at .305. Only a partial though. benchman 12/07/16 10:03:44 AM
#4412   In SIGM $5.30. benchman 12/07/16 09:43:35 AM
#4411   Covered half my ESV short at $9.73. benchman 12/07/16 08:30:40 AM
#4410   I was wrong. They also released news benchman 12/06/16 04:46:18 PM
#4409   ESV NEWS OUT - Looks like they released benchman 12/06/16 04:17:51 PM
#4408   Account value down $650 today. The day benchman 12/06/16 04:14:18 PM
#4407   Sold short more ESV at $10.58. benchman 12/06/16 03:47:10 PM
#4406   MACD is a good way to catch bottoms geodan 12/06/16 01:45:32 PM
#4405   Support on HADV is .38. Currently at benchman 12/06/16 11:53:54 AM
#4404   Added HADV .395. benchman 12/06/16 11:23:51 AM
#4403   Bought some HADV at .42 benchman 12/06/16 11:07:19 AM
#4402   Thanks! Looks like it is up nice benchman 12/06/16 05:46:53 AM
#4401   I am aware of the principle but have TradeFlow 12/05/16 08:56:28 PM
#4400   Check out $UHLN. Solid time to buy. Do your Dr G Bucks 12/05/16 08:50:34 PM
#4399   Hi Born, good to see you here. geodan 12/05/16 08:47:33 PM
#4398   Got you, thanks was curious. Do you geodan 12/05/16 08:42:02 PM
#4397   Your drys is up AH Penny Gold Mine 12/05/16 06:22:47 PM
#4396   I picked some $BWMG today added to my BornAgain 12/05/16 05:31:12 PM
#4395   Account value down $865. All three positions benchman 12/05/16 04:04:42 PM
#4394   BWMG chart caught my eye, grabbed some high TradeFlow 12/05/16 02:22:03 PM
#4393   Pretty boring day here. I always look benchman 12/05/16 02:19:41 PM
#4392   Got you, see you on BWMG board so geodan 12/05/16 02:17:40 PM
#4391   Not in anymore, my SL hit the day TradeFlow 12/05/16 02:14:01 PM
#4390   REXX Price/Sales (ttm): 0.31 and Price/Book (mrq): 0.61 geodan 12/05/16 02:12:59 PM
#4389   Nice! I had sell order 8.20, not executed! lvhd 12/05/16 12:19:24 PM
#4388   Probably if I watched that video clip it'd nowwhat2 12/05/16 11:46:37 AM
#4387   Nice! benchman 12/05/16 11:37:26 AM
#4386   Sold another 1/3 CEMP this morn near the girlfriend 12/05/16 11:35:55 AM
#4385   Have a good weekend too! lvhd 12/02/16 05:07:33 PM
#4384   Thanks! :-) benchman 12/02/16 05:01:09 PM
#4383   Hey have a great weekend…..I cant tell how girlfriend 12/02/16 04:54:06 PM
#4382   Account value up $200 or so. My benchman 12/02/16 04:12:19 PM
#4381   Thank you! You too! lvhd 12/02/16 04:03:25 PM
#4380   Wow, that was resistance. Nice job you benchman 12/02/16 04:01:41 PM
#4379   Nice going…have a great weekend! girlfriend 12/02/16 04:01:19 PM
#4378   Closed over 7.50 have a great weekend! girlfriend 12/02/16 04:00:59 PM
#4377   Nice, just sold half 7.60. lvhd 12/02/16 03:59:21 PM
#4375   Dang. One day after my exit. benchman 12/02/16 03:52:31 PM
#4374   Out 1/3 CEMP at 7.45 still looks strong girlfriend 12/02/16 03:44:20 PM