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Small Time Trading

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Last Post: 2/21/2017 4:11:42 PM - Followers: 36 - 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
#4822   Account value down almost $900 today. Mostly benchman 02/21/17 04:11:42 PM
#4821   Added ETRM at $6.91. benchman 02/21/17 03:44:23 PM
#4820   Ouch! Bad visual, lol! benchman 02/21/17 03:38:33 PM
#4819   finally nibbled some UGAZ at 14.00. I'll probably ottoman 02/21/17 03:36:36 PM
#4818   natural gas spanked. do I dare nibble UGAZ. ottoman 02/21/17 10:02:54 AM
#4817   Out 1/3 FFHL at $3.29. benchman 02/21/17 09:38:26 AM
#4816   morning. Watching TRVN. yet another biotanker. Their Press ottoman 02/21/17 08:00:00 AM
#4815   Good luck with it! I am in benchman 02/18/17 01:38:04 PM
#4814   I just nibbled some ARQL today at 1.18. ottoman 02/17/17 05:02:01 PM
#4813   Account value down $700 today. Everything was down. benchman 02/17/17 04:13:21 PM
#4812   Account value down almost $800 today. Very benchman 02/16/17 04:09:28 PM
#4811   I vaguely remember that symbol lol. ottoman 02/16/17 02:41:26 PM
#4810   HADV had almost an identical chart as that homeboy4u 02/16/17 02:36:21 PM
#4809   yeah, a very slow rise from about mid-December ottoman 02/16/17 02:17:00 PM
#4808   The chart looks identical to a perfect pump homeboy4u 02/16/17 02:12:04 PM
#4807   Account value essentially unchanged today. Which is benchman 02/15/17 04:09:05 PM
#4806   Wow, it's been almost straight down from $2.50 benchman 02/15/17 01:15:43 PM
#4805   PTCO .31 down 54% no clue. It was ottoman 02/15/17 12:59:58 PM
#4804   Account value up over $800 today. Mainly benchman 02/14/17 04:12:14 PM
#4803   Bought 100 contracts of the Feb RAD $6 benchman 02/14/17 10:57:35 AM
#4802   Bought ETRM at $7.32 earlier. Used my benchman 02/14/17 10:27:43 AM
#4801   Account value down almost $600 today. That benchman 02/13/17 04:06:53 PM
#4800   Account value up around $340 today. benchman 02/10/17 04:13:17 PM
#4799   Out RAD calls at .03 for around a benchman 02/10/17 03:33:07 PM
#4798   Account value up over $2,300 today. All benchman 02/09/17 04:15:14 PM
#4797   All out my UA Mar 17 2017 20.0 benchman 02/09/17 04:03:06 PM
#4796   Account value up over $1,100 today. Nice benchman 02/08/17 04:10:35 PM
#4795   Added more UA Mar 17 2017 20 Calls benchman 02/08/17 10:00:24 AM
#4794   Account value up almost $200 today. benchman 02/07/17 04:36:21 PM
#4793   In ESV again at $10.01. benchman 02/07/17 12:55:49 PM
#4792   Account value up over $1,500 today. The benchman 02/06/17 04:13:16 PM
#4791   Bought the UA Mar 17 2017 20 Calls benchman 02/06/17 11:06:45 AM
#4790   Out PSIX at an average of just over benchman 02/06/17 09:32:42 AM
#4789   Account value up about $240 today. benchman 02/03/17 04:05:44 PM
#4788   Added PSIX at $3.06. benchman 02/03/17 03:03:52 PM
#4787   In PSIX at $3.26. benchman 02/03/17 03:00:07 PM
#4786   Out ACOL at .0205 for a $66 profit. benchman 02/03/17 12:24:34 PM
#4785   So it's just kind of standing still :-( benchman 02/03/17 12:17:39 PM
#4784   Out the rest of my STML at $6.61 benchman 02/03/17 12:16:53 PM
#4783   GBSN right at .002 (my entry), it hit ottoman 02/03/17 12:12:04 PM
#4782   Thanks! I liked that it was over benchman 02/03/17 12:10:21 PM
#4781   I was watching ACOL as well this morning. ottoman 02/03/17 12:06:38 PM
#4780   In ACOL .0189. benchman 02/03/17 11:34:39 AM
#4779   Sold some STML at $6.31. benchman 02/03/17 11:15:03 AM
#4778   Account value down another $300 today. That benchman 02/02/17 04:30:52 PM
#4777   Good trade. Hopefully, GBSN makes that move. benchman 02/02/17 04:01:45 PM
#4776   FHBC out .0197 from .015. only 33,333 shares. ottoman 02/02/17 03:52:46 PM
#4775   Added more STML at $5.99. benchman 02/02/17 12:27:33 PM
#4774   In STML at $6.19. benchman 02/02/17 12:12:23 PM
#4773   Could be benchman 02/02/17 12:08:23 PM
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