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Last Post: 1/18/2018 6:30:15 AM - Followers: 40 - 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!

SureTrader
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
#6339   Wow, our old ADOM hit $1.90 yesterday. benchman 01/18/18 06:30:15 AM
#6338   Account value down about $150 today. benchman 01/17/18 04:10:20 PM
#6337   Added some WATT at $18.11. benchman 01/17/18 10:41:11 AM
#6336   Account value down almost $1,800 today. That benchman 01/16/18 04:12:25 PM
#6335   Wrote calls on half my WATT position. benchman 01/16/18 02:00:40 PM
#6334   In some WATT $18.59. benchman 01/16/18 01:28:12 PM
#6333   All out the rest of my RELYQ at benchman 01/16/18 10:22:08 AM
#6332   LOL, well the market is overbought. You benchman 01/16/18 10:05:55 AM
#6331   SPY RSI(14) 86.13. Not that I know anything ottoman 01/16/18 10:03:44 AM
#6330   Thanks. Not many days left for me benchman 01/16/18 09:56:36 AM
#6329   I hope you get rich on that trade. ottoman 01/16/18 09:55:53 AM
#6328   Added more KODK puts at .05. benchman 01/16/18 09:44:31 AM
#6327   MRTX - I looked back, and that was benchman 01/15/18 01:48:07 PM
#6326   No problem! I don't think it's that benchman 01/15/18 10:56:50 AM
#6325   Thanks for sharing your trading history. Very Marilynt 01/15/18 10:52:09 AM
#6324   Some reflection on this day off. benchman 01/15/18 10:35:17 AM
#6323   Account value up over $2,100 today. Main benchman 01/12/18 04:11:22 PM
#6322   All out KODK at $9.40 for over a benchman 01/12/18 10:24:01 AM
#6321   GM, I had lost track of it. benchman 01/12/18 09:59:48 AM
#6320   Out 1/2 RELYQ at .53. benchman 01/12/18 09:57:14 AM
#6319   Out another 1/3 KODK at $9.20 or so. benchman 01/12/18 09:48:06 AM
#6318   Out 1/3 KODK at $9.05. benchman 01/12/18 09:45:57 AM
#6317   GM. Back in ADOM 2.56 lvhd 01/12/18 09:42:36 AM
#6316   $2.95 is sweet. benchman 01/12/18 09:36:01 AM
#6315   That is pretty sh*tty. They should want benchman 01/12/18 09:34:47 AM
#6314   I've opened up so many brokerage accounts over ottoman 01/12/18 09:34:46 AM
#6313   It wasn't Wells Fargo, it was Fidelity that Marilynt 01/12/18 09:29:31 AM
#6312   Thanks. That could be on Wells Fargo. benchman 01/12/18 09:25:48 AM
#6311   Benchman, my BF recently had a problem getting Marilynt 01/12/18 09:24:22 AM
#6310   WATT diving on share offering. Currently around benchman 01/12/18 08:34:02 AM
#6309   Thanks! $GRDO benchman 01/12/18 08:33:13 AM
#6307   Thanks! I think the good out weighs benchman 01/12/18 08:28:34 AM
#6306   Fidelity is good. I used to love them. ottoman 01/12/18 07:45:37 AM
#6305   Here are some trades that I did not benchman 01/12/18 06:20:57 AM
#6304   I am thinking of switching to Fidelity. benchman 01/12/18 06:11:10 AM
#6303   "Had some BS with TDA today that cost ottoman 01/11/18 07:01:01 PM
#6302   Account value up almost $1,100 today. benchman 01/11/18 04:48:10 PM
#6301   Added RELYQ at .40. benchman 01/11/18 11:25:33 AM
#6300   In some RELYQ at .44. Goldman Sachs benchman 01/11/18 10:16:51 AM
#6299   Added some more KODK Puts at .10 (Jan benchman 01/11/18 09:53:45 AM
#6298   Account value up almost $1,400 today. Most benchman 01/10/18 04:08:17 PM
#6297   All out OHRP at .353 for a $450 benchman 01/10/18 01:29:59 PM
#6296   Bought some KODK Puts. Jan 19, strike benchman 01/10/18 11:52:09 AM
#6295   All out WATT at $23.82 for a $3,100 benchman 01/10/18 11:34:30 AM
#6294   Added WATT $21.51. benchman 01/10/18 07:05:34 AM
#6293   Account value down almost $1,100 today. The benchman 01/09/18 04:18:26 PM
#6292   Added more WATT back at $22.47. Gap benchman 01/09/18 03:16:10 PM
#6291   Lol, don't do it! Yeah, I have benchman 01/09/18 01:46:03 PM
#6290   whoa. I took that one off the streamer ottoman 01/09/18 01:38:27 PM
#6289   Added OHRP near .36 benchman 01/09/18 12:09:14 PM
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