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Small Time Trading

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Last Post: 11/22/2017 6:47:37 AM - Followers: 36 - Board type: Free - Posts Today: 2

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!

SureTrader
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#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
#6097   Haha, yes, I have a mix of OTC benchman 11/22/17 06:47:37 AM
#6096   I see your back into some lower end homeboy4u 11/22/17 06:41:18 AM
#6095   Account value up almost $2,500 today. So benchman 11/21/17 04:28:01 PM
#6094   Thanks! Sounds good. Would like to benchman 11/21/17 12:30:56 PM
#6093   Nice add there benchman ... broke upward now bluuoforange 11/21/17 12:28:25 PM
#6092   Added more TTSI at .038. benchman 11/21/17 09:59:00 AM
#6091   ESV bidding up currently, so margin call is benchman 11/21/17 08:30:17 AM
#6090   Account value down almost $5,500 today. Account benchman 11/20/17 04:11:33 PM
#6089   TTSI obviously a falling knife, but like all benchman 11/20/17 03:34:47 PM
#6088   Added more TTSI at .051. benchman 11/20/17 03:29:01 PM
#6087   My next add coming up here. Hopefully benchman 11/20/17 03:26:00 PM
#6086   Same, added a bit more TTSI at 0.055 bluuoforange 11/20/17 03:22:21 PM
#6085   Added more TTSI at .057. I have benchman 11/20/17 03:08:38 PM
#6084   Thanks! Appreciate it :-) benchman 11/20/17 03:01:18 PM
#6083   Thanks benchman .... like your plays and transparency here. bluuoforange 11/20/17 02:59:19 PM
#6082   Okay, good luck! Share structure seems good benchman 11/20/17 02:58:17 PM
#6081   Followed into TTSI at .068 bluuoforange 11/20/17 02:56:21 PM
#6080   Out ENRJ at .28794 for about a $100 benchman 11/20/17 01:09:26 PM
#6079   Added TTSI at.065. benchman 11/20/17 12:30:12 PM
#6078   In some TTSI at .085. benchman 11/20/17 10:57:12 AM
#6077   In some ENRJ at .30543 benchman 11/20/17 09:34:16 AM
#6076   Account value up over $1,100 today. For benchman 11/17/17 04:10:46 PM
#6075   Added more FRFS at .02. benchman 11/17/17 03:55:27 PM
#6074   In some FRFS at .022. benchman 11/17/17 03:44:44 PM
#6073   Thanks Marilyn! benchman 11/17/17 02:08:21 PM
#6072   I'm happy for you. Marilynt 11/17/17 02:07:04 PM
#6071   All out of my UA calls (Nov 17, benchman 11/17/17 12:12:07 PM
#6070   Out more UA calls at .50. benchman 11/17/17 10:06:49 AM
#6069   Out more UA calls at .40. I benchman 11/17/17 09:32:23 AM
#6068   Account value up close to $400. Main benchman 11/16/17 04:06:33 PM
#6067   Out some more of my UA calls at .27. benchman 11/16/17 03:17:11 PM
#6066   Account value up over $2,200 today. That benchman 11/15/17 04:24:50 PM
#6065   Okay. Most likely it was a sell benchman 11/15/17 11:34:04 AM
#6064   There was no change in bids or asks Jockimo 11/15/17 11:28:04 AM
#6063   I am going to guess you placed it benchman 11/15/17 11:17:17 AM
#6062   Question Stock has bid at 4.30 and ask at 4.31 Jockimo 11/15/17 11:11:57 AM
#6061   Out CALA at $9.915 for a $523 profit. benchman 11/15/17 10:41:55 AM
#6060   Out some more UA calls at .24. benchman 11/15/17 09:55:49 AM
#6059   Account value down over $1,900 today. The benchman 11/14/17 04:13:29 PM
#6058   In CALA at $8.85. benchman 11/14/17 03:17:13 PM
#6057   Here is the link for the ADOM conference tomorrow: benchman 11/13/17 05:26:24 PM
#6056   Account value down over $1,800 today. The benchman 11/13/17 04:18:55 PM
#6055   Going to be a negative day here. benchman 11/13/17 03:06:22 PM
#6054   Added more TMPS at .25. benchman 11/13/17 11:41:29 AM
#6053   In some TMPS at .245. benchman 11/13/17 11:29:44 AM
#6052   Out another quarter UA calls at .55. benchman 11/13/17 09:33:17 AM
#6051   Account value up close to $3,800 today. benchman 11/10/17 04:13:49 PM
#6050   Thanks! Yeah, that sucks when you have benchman 11/10/17 12:07:30 PM
#6049   Congrats, Benchman. After you mentioned it, I watched Marilynt 11/10/17 12:02:23 PM
#6048   Out RELY at .45 for a $740 profit. benchman 11/10/17 11:34:08 AM
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