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Small Time Trading

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Last Post: 7/20/2017 10:45:17 AM - Followers: 31 - 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
#5490   It's been a good week, but it looks benchman 07/20/17 10:45:17 AM
#5489   Account value up over $1,900 today. Mostly benchman 07/19/17 04:09:42 PM
#5488   Account value up over $600 today. A benchman 07/18/17 04:07:03 PM
#5487   It is! That order has been sitting benchman 07/18/17 03:02:52 PM
#5486   0004 away from my order That is ottoman 07/18/17 02:54:45 PM
#5485   There was a moment today when I thought benchman 07/18/17 02:32:15 PM
#5484   Account value up $300 today. All due benchman 07/17/17 04:02:25 PM
#5483   Yeah, I was thinking the same thing. benchman 07/17/17 09:18:55 AM
#5482   Nope, I was close to nibbling, but it ottoman 07/17/17 09:14:14 AM
#5481   Did you buy any? benchman 07/17/17 08:54:40 AM
#5480   RPRX bioturd squish. -50% ottoman 07/17/17 08:06:43 AM
#5479   Yep. Basically a wasted day. benchman 07/15/17 07:03:56 AM
#5478   20 bucks aint chit IN The Mouth Of Madness 07/14/17 04:34:48 PM
#5477   Not much changed today. Account value was benchman 07/14/17 04:03:03 PM
#5476   OMG, one share. Sorry about that trade, benchman 07/14/17 10:47:17 AM
#5475   Sold ANY at $5.11. that was a mistake, ottoman 07/14/17 10:04:51 AM
#5474   BONT a nice mover from yesterday. .96 now ottoman 07/14/17 09:58:56 AM
#5473   nibbled ANY at 6.18, falling now naturally ottoman 07/14/17 09:53:09 AM
#5472   ANY (sphere 3d) halted for volatility. up 26%. ottoman 07/14/17 09:48:30 AM
#5471   MYND -33% MYnd Analytics Announces Uplisting to ottoman 07/14/17 09:44:11 AM
#5470   Account value up over $1,400 today. Today benchman 07/13/17 04:07:50 PM
#5469   True! benchman 07/13/17 01:34:06 PM
#5468   I was gonna throw $1000 at it, I ottoman 07/13/17 01:30:34 PM
#5467   Sorry man :-( benchman 07/13/17 01:26:59 PM
#5466   new HOD .92 crud. ottoman 07/13/17 01:17:08 PM
#5465   Maybe they have a good online presence? benchman 07/13/17 12:59:44 PM
#5464   rats. was gonna nibble some BONT at .70. ottoman 07/13/17 12:22:02 PM
#5463   BONT up big today. +123% currently. I thought ottoman 07/13/17 12:05:38 PM
#5462   Pretty craptastic day here. Account value down benchman 07/12/17 04:11:08 PM
#5461   Oil inventory report must not have been good. benchman 07/12/17 11:11:53 AM
#5460   Thanks! ESV under 5 now. Hmmmm! lvhd 07/12/17 11:07:13 AM
#5459   Okay, good luck. It may fill today's gap. benchman 07/12/17 10:32:07 AM
#5458   In some ESV 5.23 lvhd 07/12/17 10:10:31 AM
#5457   Account value up $320 today. Mostly due benchman 07/11/17 04:12:01 PM
#5456   Headed down decently today. Good volatility there. benchman 07/10/17 04:10:02 PM
#5455   Yeah, and did again today. I am benchman 07/10/17 04:08:36 PM
#5454   Account value up $1,360, almost all due to ESV. benchman 07/10/17 04:07:47 PM
#5453   I don't know. I browsed twitter and Stocktwits. ottoman 07/07/17 05:56:05 PM
#5452   keeps making new lows IN The Mouth Of Madness 07/07/17 04:37:33 PM
#5451   Tough week. Account value down almost $1,400 benchman 07/07/17 04:09:05 PM
#5450   I looked it up, it's the one I benchman 07/07/17 03:38:57 PM
#5449   well, it's ZION oil and gas, so without ottoman 07/07/17 03:29:10 PM
#5448   I think that stock has always been that benchman 07/07/17 02:34:22 PM
#5447   Zions Oil & Gas (ZN) Wow. Looks like ottoman 07/07/17 01:53:12 PM
#5446   Pretty bad day, account value down almost $1,300. benchman 07/06/17 04:18:34 PM
#5445   Account value down $500 since my last update. benchman 07/05/17 04:03:51 PM
#5444   and to you. Happy Birthday America. www.savingadvice.com/forums/images/smil ottoman 07/04/17 10:49:07 AM
#5443   Thanks, nice to see it up, but it benchman 07/04/17 07:28:04 AM
#5442   ESV up 6.2% nice! moonshot! ;-) ottoman 07/03/17 10:21:07 AM
#5441   Nice on both counts. I won't be benchman 06/30/17 08:51:08 AM
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