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Small Time Trading

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Last Post: 12/15/2017 4:15:43 PM - Followers: 38 - 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
  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!

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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
#6172   Account value down $960 today. It has benchman 12/15/17 04:15:43 PM
#6171   Out all TMPS at .19 for a $280 benchman 12/15/17 02:35:49 PM
#6170   Account value down over $2,100 today. Margin benchman 12/14/17 04:10:53 PM
#6169   Account value down a little over $1,300 today. benchman 12/13/17 04:07:11 PM
#6168   YW. It's great knowing the $ Traded on SantaZar 12/13/17 03:23:34 PM
#6167   $CLLS , $XRP AND MORE AXNMAN 12/13/17 02:23:07 PM
#6166   Thanks for the info! $FAGI benchman 12/13/17 10:27:42 AM
#6165   DDAmanda® Chart (CLASSIC Insider Play) on: $FAGI FAGI SantaZar 12/13/17 09:27:26 AM
#6164   Sorry on FZRO, hardtop know sometimes. Hope benchman 12/13/17 08:06:07 AM
#6163   I think it will and I’m not down homeboy4u 12/12/17 05:50:10 PM
#6162   Oh man, that hurts. Sorry bro. benchman 12/12/17 05:30:27 PM
#6161   Had my sell in and set right at homeboy4u 12/12/17 04:17:55 PM
#6160   Account value down $1,300 today. Again, mostly benchman 12/12/17 04:09:59 PM
#6159   Did you bail when it hit .50? benchman 12/12/17 04:05:27 PM
#6158   Out 1/3 TMPS at .23. Needed to benchman 12/12/17 12:38:37 PM
#6157   LOL, need to have some humor every day ;-) benchman 12/12/17 08:59:42 AM
#6156   We are having fun with the name though! LOL! homeboy4u 12/12/17 08:58:30 AM
#6155   LOL, you are on the FAGI train. benchman 12/12/17 08:52:54 AM
#6154   Jumped on the FAGI bandwagon today for a homeboy4u 12/11/17 05:16:16 PM
#6153   Account value down almost $1,000 today. The benchman 12/11/17 04:10:00 PM
#6152   Thanks! Most definitely! benchman 12/08/17 07:33:10 PM
#6151   Thanks! You too! benchman 12/08/17 07:32:47 PM
#6150   awesome job. always makes the weekend more enjoyable ottoman 12/08/17 06:48:34 PM
#6149   Congrats on the gains! Happy weekend to you. Marilynt 12/08/17 05:00:34 PM
#6148   Account value up over $3,100 today. Main benchman 12/08/17 04:06:59 PM
#6147   Account value down over $1,100. The main benchman 12/07/17 04:06:37 PM
#6146   I think so, but I can't remember. benchman 12/07/17 02:51:41 PM
#6145   Have you ever been in a play with homeboy4u 12/07/17 02:45:08 PM
#6144   I know exactly what you mean about normal homeboy4u 12/07/17 09:21:33 AM
#6143   Sorry about that, I had forgotten. The benchman 12/07/17 09:17:51 AM
#6142   .06 as I think I told you I homeboy4u 12/07/17 09:11:44 AM
#6141   Hope it works out for you. What benchman 12/07/17 09:06:59 AM
#6140   Still sitting on my ANFC position as it’s homeboy4u 12/07/17 07:41:56 AM
#6139   Account value down almost $2,400 today. This benchman 12/06/17 04:06:50 PM
#6138   Out BTCS at .1075 for a $25 loss. benchman 12/06/17 02:16:44 PM
#6137   Account value up almost $900 today. I benchman 12/05/17 04:11:20 PM
#6136   Added TMPS at .175. benchman 12/05/17 02:40:26 PM
#6135   No denying that statement! Elturdo in Spanish if homeboy4u 12/05/17 02:35:56 PM
#6134   Looking like el crapola now. retireat40 12/05/17 02:34:24 PM
#6133   In some BTCS at .109. benchman 12/05/17 01:29:28 PM
#6132   Looks like it has had a nice couple benchman 12/05/17 12:50:58 PM
#6131   Grabbed me a small spot on ANFC today homeboy4u 12/05/17 12:43:02 PM
#6130   SHMN just had a PR saying that they benchman 12/05/17 12:39:39 PM
#6129   Account value up over $900 today. It benchman 12/04/17 04:07:13 PM
#6128   $GEVO LOW FLOATER MazelTov 12/02/17 05:47:11 PM
#6127   $GEVO Rodman & Renshaw reiterated a “buy” rating MazelTov 12/02/17 05:21:38 PM
#6126   Account value up almost $2,700 today. While benchman 12/01/17 04:11:34 PM
#6125   Just watching PZOO. Stock started out at benchman 12/01/17 01:34:49 PM
#6124   Added more SLDC at .0064 and .0067. benchman 12/01/17 12:10:53 PM
#6123   Added TTSI at .03. ESV rose enough benchman 12/01/17 09:31:12 AM