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Small Time Trading

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Last Post: 7/20/2018 4:25:43 PM - Followers: 40 - 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
#7554   Account value down another $900+ today. I benchman 07/20/18 04:25:43 PM
#7553   Thanks! benchman 07/20/18 03:51:01 PM
#7552   13 bluuoforange 07/20/18 03:48:42 PM
#7551   Okay, so they do move a little. benchman 07/20/18 03:45:36 PM
#7550   my avg is .13 and it is now .10 bluuoforange 07/20/18 03:43:44 PM
#7549   How are your Jan TWTR puts doing? benchman 07/20/18 01:10:09 PM
#7548   Out some more MAAFF at .004. benchman 07/20/18 09:51:43 AM
#7547   Real small time trading. With my TWTR benchman 07/20/18 08:08:14 AM
#7546   Account value down another $1,000+ today. Been benchman 07/19/18 04:09:21 PM
#7545   Out some MAAFF at .0023. benchman 07/19/18 01:20:46 PM
#7544   Account value down yet again today. The benchman 07/18/18 04:08:27 PM
#7543   From the TWTR board: benchman 07/18/18 11:13:13 AM
#7542   TWTR was down almost a buck in pre-market benchman 07/18/18 09:00:45 AM
#7541   Yeah, I had the same thought :-( benchman 07/18/18 05:56:51 AM
#7540   Great trade! benchman 07/18/18 05:56:24 AM
#7539   If there was anything on the horizon that bluuoforange 07/17/18 08:04:04 PM
#7538   Sold DWT today at 7.5 from 6.08 buy bluuoforange 07/17/18 07:56:50 PM
#7537   Account value down over $1,100 today. It benchman 07/17/18 04:13:53 PM
#7536   Added more AVOI at .02735 benchman 07/17/18 03:45:42 PM
#7535   In some AVOI at .0345 benchman 07/17/18 02:07:49 PM
#7534   I was lucky to sell it at .44 bluuoforange 07/17/18 11:36:37 AM
#7533   Thanks, it's been a while since I have benchman 07/17/18 11:32:55 AM
#7532   Try PKD then ... good for a few bluuoforange 07/17/18 11:28:08 AM
#7531   Thanks, not sure if I can do those benchman 07/17/18 11:24:33 AM
#7530   I got some USLV JNUG today, along with bluuoforange 07/17/18 11:23:03 AM
#7529   Do you have anything good going right now. benchman 07/17/18 11:19:30 AM
#7528   I was hoping for that too. Especially benchman 07/17/18 11:08:19 AM
#7527   I was hoping to see Netflix dropping would bluuoforange 07/17/18 11:07:26 AM
#7526   Account value down over $2,750 today. This benchman 07/16/18 04:28:13 PM
#7525   Out ARYC at .088 for a $93 profit. benchman 07/16/18 02:17:19 PM
#7524   Account value down over $2,000 as ESV is benchman 07/16/18 10:59:20 AM
#7523   In some ARYC at .0777. benchman 07/16/18 10:06:49 AM
#7522   Account value up around $850 since I left. benchman 07/14/18 04:41:12 PM
#7521   Thanks, I had thought of putting an order benchman 07/14/18 04:38:21 PM
#7520   I think on that day it went as bluuoforange 07/14/18 12:56:11 PM
#7519   I’m at the airport, heading back. How benchman 07/13/18 08:44:31 PM
#7518   damn it TWTR is a beast today bluuoforange 07/12/18 05:25:27 PM
#7517   PKD sold at .44 from .37 avg bluuoforange 07/10/18 03:37:05 PM
#7516   Sold these TWTR puts at .08 from .07 buy bluuoforange 07/09/18 11:26:11 AM
#7515   Trimmed these 100 TWTR puts at .06 from bluuoforange 07/09/18 10:52:40 AM
#7514   finally a pull back on TWTR come on saj 07/09/18 10:37:06 AM
#7513   bought 100 more at .02 today myself bluuoforange 07/06/18 01:42:41 PM
#7512   Account value down almost $300 today, mostly from benchman 07/05/18 04:23:05 PM
#7511   Added more TWTR puts at .04. benchman 07/05/18 03:44:15 PM
#7510   All out GEVO at $4.09 for a $340 loss. benchman 07/05/18 03:43:45 PM
#7509   Account value up $120 today. benchman 07/03/18 01:10:50 PM
#7508   So this has been a mistake to this benchman 07/03/18 10:13:55 AM
#7507   In some GEVO at $4.75. benchman 07/03/18 08:27:59 AM
#7506   I don't think I had much of a benchman 07/02/18 04:42:36 PM
#7505   Wow # ballzofsteel#! bluuoforange 07/02/18 04:40:11 PM