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Small Time Trading

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Last Post: 9/20/2017 4:12:18 PM - Followers: 32 - Board type: Free - Posts Today: 14

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!

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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
#5768   Account value up $1,700 today. That erases benchman 09/20/17 04:12:18 PM
#5767   I am holding off until lower. If benchman 09/20/17 03:44:56 PM
#5766   tempted to add more HOMR at .77, but Cripes. ottoman 09/20/17 03:41:56 PM
#5765   Thanks! Had to put up with a benchman 09/20/17 03:36:12 PM
#5764   Nice job! lvhd 09/20/17 03:33:39 PM
#5763   THANKS!!!! benchman 09/20/17 03:29:16 PM
#5762   crazy awesome! Congrats www.thesmilies.com/smilies/party/party0007.gif[/img ottoman 09/20/17 03:26:47 PM
#5761   Out all HDYN at .16. Total profit benchman 09/20/17 03:23:18 PM
#5760   Added more HOMR at .082. benchman 09/20/17 12:44:58 PM
#5759   I see. .16 was key, and it benchman 09/20/17 11:32:31 AM
#5758   HDYN 0.15, going. lvhd 09/20/17 11:29:51 AM
#5757   I will add if it dips more. benchman 09/20/17 11:06:58 AM
#5756   good luck on that lol. Im in at ottoman 09/20/17 11:04:45 AM
#5755   In some HOMR .105. benchman 09/20/17 10:44:17 AM
#5754   Win streak is over. Account value down benchman 09/19/17 04:08:38 PM
#5753   Good luck! A friend is in that benchman 09/19/17 03:54:14 PM
#5752   in some HOMR small. at .165 -88% ottoman 09/19/17 03:52:18 PM
#5751   So it's still not a merger, they are benchman 09/19/17 03:21:49 PM
#5750   partial deal I guess...(from my Scottrade news feed).... ottoman 09/19/17 03:19:14 PM
#5749   The deal still going to go through? benchman 09/19/17 03:17:06 PM
#5748   RAD near low of day. "Walgreens will now ottoman 09/19/17 03:16:20 PM
#5747   Nice! Looking for one more bounce here. benchman 09/19/17 10:29:40 AM
#5746   Back in HDYN 0.13 lvhd 09/19/17 10:27:26 AM
#5745   Added back 1/6 HDYN at .132. benchman 09/19/17 10:22:29 AM
#5744   Okay, good luck. I added more at .132. benchman 09/19/17 10:21:30 AM
#5743   I got out this morning at the open homeboy4u 09/19/17 10:06:05 AM
#5742   Account value up.....$28, lol. My win streak benchman 09/18/17 04:15:25 PM
#5741   In SLDC at .025. benchman 09/18/17 02:52:05 PM
#5740   Probably the reason the stock couldn't get above benchman 09/18/17 02:37:15 PM
#5739   What do you think about this preferred share homeboy4u 09/18/17 02:33:50 PM
#5738   To clarify the HDYN lease expires this Thursday. benchman 09/18/17 01:19:46 PM
#5737   Thanks! Not going to be able to benchman 09/18/17 11:55:41 AM
#5736   It's a private chat room but if you're homeboy4u 09/18/17 11:53:54 AM
#5735   Nice on the Twitter group alerts. Is benchman 09/18/17 11:50:19 AM
#5734   I'm just in it for the chart play homeboy4u 09/18/17 11:48:32 AM
#5733   Things have been good over the last week, benchman 09/18/17 11:26:24 AM
#5732   What's up bench man I guess were playing homeboy4u 09/18/17 11:11:57 AM
#5731   sure is lol. when a stock goes up, ottoman 09/18/17 10:03:57 AM
#5730   LOL! Well that is our mentality isn't benchman 09/18/17 09:59:33 AM
#5729   makes up for the $2000 I lost at ottoman 09/18/17 09:56:16 AM
#5728   Congrats!! Glad it was an awesome trade. benchman 09/18/17 09:54:32 AM
#5727   Well, this pullback spooked me, dumped the rest ottoman 09/18/17 09:50:45 AM
#5726   Me too. Out 1/6 more at .2925. benchman 09/18/17 09:37:37 AM
#5725   took a little more HDYN off the table ottoman 09/18/17 09:34:32 AM
#5724   Sure does :-) benchman 09/15/17 04:14:52 PM
#5723   Account value up almost $4,200 today. What benchman 09/15/17 04:14:15 PM
#5722   great day! makes the weekend more enjoyable. can't ottoman 09/15/17 04:13:14 PM
#5721   Definitely! Close over .25 was good to benchman 09/15/17 04:07:04 PM
#5720   HDYN up 310%, excellent close! lvhd 09/15/17 04:04:23 PM
#5719   Added more ADOM at $7.01. benchman 09/15/17 03:50:48 PM
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