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Last Post: 9/25/2018 4:16:46 PM - Followers: 41 - 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
#7740   Account value up around $1,400 today. All benchman 09/25/18 04:16:46 PM
#7739   Bought 1 AMD put contract out of 50 benchman 09/25/18 04:01:04 PM
#7738   JONE was 11.20 in the morning. lvhd 09/25/18 11:31:40 AM
#7737   I shot too low on JONE. Bouncing benchman 09/25/18 11:26:49 AM
#7736   Sorry on that. I have an order benchman 09/25/18 11:06:18 AM
#7735   Yep, 7.60 now lvhd 09/25/18 11:03:20 AM
#7734   Okay, thanks. I am staying away from benchman 09/25/18 10:54:38 AM
#7733   $8.30's now. Nice job benchman 09/25/18 10:44:48 AM
#7732   I, also have some GTXI 1.84 lvhd 09/25/18 10:43:46 AM
#7731   Thanks. I will take a look. $JONE benchman 09/25/18 10:43:33 AM
#7730   I bought JONE 8.06. lvhd 09/25/18 10:41:25 AM
#7729   Thanks! Nice job on your end too! benchman 09/25/18 10:38:14 AM
#7728   Nice job benchman! Sold NBEV in PM for lvhd 09/25/18 10:35:04 AM
#7727   Amazing morning! So most Tuesday's I have benchman 09/25/18 10:24:58 AM
#7726   Out 1/3 NBEV at $4.23. benchman 09/24/18 06:24:31 PM
#7725   Account value up over $1,300 today. Mostly benchman 09/24/18 04:14:01 PM
#7724   Out another 1000 ESV at $8.3518. This benchman 09/24/18 03:33:09 PM
#7723   Added NBEV $3.76. benchman 09/24/18 02:34:30 PM
#7722   In some NBEV at $4.01. benchman 09/24/18 01:23:24 PM
#7721   Doubled up my October AMD puts at .06. benchman 09/24/18 10:54:51 AM
#7720   Yes lvhd 09/24/18 09:44:07 AM
#7719   Great job! I think you said you benchman 09/24/18 09:41:28 AM
#7718   Nice, sold RIG at 14.18 lvhd 09/24/18 09:37:11 AM
#7717   Out 1,000 of my 5,000 ESV at $8.16 benchman 09/24/18 07:00:52 AM
#7716   Account value up almost $1,200 today. Mostly benchman 09/21/18 04:16:29 PM
#7715   Looks like today will NOT be the day benchman 09/21/18 10:53:13 AM
#7714   GM, thanks! I have an order to benchman 09/21/18 09:58:44 AM
#7713   GM, your ESV looking good. I bought some lvhd 09/21/18 09:53:55 AM
#7712   Added more AVOI at .023. benchman 09/21/18 09:46:07 AM
#7711   Account value down close to $200 today. benchman 09/20/18 04:11:18 PM
#7710   Account value up almost $1,700 today, mostly from ESV. benchman 09/19/18 04:15:54 PM
#7709   Account ended up gaining about a $1,000 in benchman 09/18/18 05:24:55 PM
#7708   Have to leave early today, currently the account benchman 09/18/18 03:36:30 PM
#7707   Added AVOI .031. benchman 09/18/18 01:05:36 PM
#7706   Account value down over $2,300 today. Almost benchman 09/17/18 04:06:32 PM
#7705   Account value up over $300 today, mostly from ESV. benchman 09/14/18 04:12:46 PM
#7704   Yes me too. Apple has a lot benchman 09/14/18 08:50:18 AM
#7703   AVOI vwap is deep into the 4's - Sponsoring Thought 09/14/18 08:42:56 AM
#7702   AMD - I really thought today we would benchman 09/14/18 08:23:55 AM
#7701   Account value up $2,600 today. All positions contributed. benchman 09/13/18 04:11:59 PM
#7700   Account value up over $1,200 today. I benchman 09/12/18 04:18:55 PM
#7699   Trades: I sold about half of what benchman 09/12/18 04:07:21 PM
#7698   Added more AMD puts at .02. My benchman 09/12/18 09:39:33 AM
#7697   Account value up almost $100 over the last benchman 09/11/18 04:09:20 PM
#7696   Let a little more AVOI go at .0341. benchman 09/11/18 12:51:21 PM
#7695   Added more AMD puts at .03. benchman 09/11/18 11:31:08 AM
#7694   Account value up about $100 today. This benchman 09/05/18 04:15:28 PM
#7693   Brutal 2 days of trading. Account value benchman 09/04/18 04:10:37 PM
#7692   Added more AMD puts at .07. benchman 09/04/18 10:40:28 AM
#7691   Added more AMD puts at .09 and .10. benchman 09/04/18 09:44:47 AM
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