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Small Time Trading

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Last Post: 1/16/2019 4:04:29 PM - Followers: 38 - 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 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!

Digipath
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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
#7905   Another opposite day for drillers. Oil up benchman 01/16/19 04:04:29 PM
#7904   Somewhat similar day to yesterday, except that oil benchman 01/15/19 04:13:28 PM
#7903   Not much happening today. ESV is basically benchman 01/14/19 03:32:22 PM
#7902   it does feel like waste of time and The Night Stalker 01/12/19 09:41:23 PM
#7901   Less trading. As you guys have noticed, benchman 01/11/19 08:36:36 AM
#7900   Another subdued day for ESV and the other benchman 01/10/19 04:14:25 PM
#7899   Basically yesterday's update is today's. Oil and benchman 01/09/19 04:05:12 PM
#7898   Another good day for oil and the stock benchman 01/08/19 04:05:05 PM
#7897   Another good day for oil, oil stocks, and benchman 01/07/19 04:22:44 PM
#7896   Thanks! GL lvhd 01/07/19 11:53:01 AM
#7895   Nice job!! Great trade. benchman 01/07/19 11:52:25 AM
#7894   Sold RIG 8.18, +1.58 lvhd 01/07/19 11:44:54 AM
#7893   Another good day for oil and oil stocks. benchman 01/04/19 04:07:15 PM
#7892   Thanks, my average is around $5.30. benchman 01/04/19 09:10:13 AM
#7891   I have small amount in RIG, looking for lvhd 01/04/19 09:07:37 AM
#7890   Okay, I guess you just stuck with your benchman 01/04/19 09:02:53 AM
#7889   I have RIG at 6.60 GL lvhd 01/04/19 09:01:32 AM
#7888   $7.55 in premarket now. Did you ever benchman 01/04/19 08:57:02 AM
#7887   Another good day for oil stocks and ESV. benchman 01/03/19 04:21:58 PM
#7886   Kind of a make up day for ESV, benchman 01/02/19 04:11:36 PM
#7885   Yeah, they can. benchman 01/02/19 11:15:25 AM
#7884   bios do well in pos land The Night Stalker 01/02/19 11:14:00 AM
#7883   Thanks Marilyn! Looks like it is not benchman 01/02/19 09:03:26 AM
#7882   Which big ones? benchman 01/02/19 09:02:17 AM
#7881   the big ones count the most, i can't The Night Stalker 12/29/18 02:17:44 PM
#7880   Happy New Year to you, benchman! Marilynt 12/28/18 04:21:43 PM
#7879   Good day today. All the oil stocks benchman 12/28/18 04:10:27 PM
#7878   Wild day today on Wall Street. The benchman 12/27/18 04:03:44 PM
#7877   Merry Christmas! What a nice day. benchman 12/26/18 09:57:56 PM
#7876   Well, the reversal did not hold up. benchman 12/21/18 04:10:44 PM
#7875   Nice reversal going on now. DOW up benchman 12/21/18 10:31:32 AM
#7874   It looks like both ESV and NE received benchman 12/21/18 08:42:55 AM
#7873   Initial market read not good at the moment. benchman 12/21/18 08:12:58 AM
#7872   Thanks, same to you. I think that’s benchman 12/20/18 04:42:10 PM
#7871   I bought some RIG 6.60. GL lvhd 12/20/18 04:28:48 PM
#7870   Another bad day on Wall Street and for benchman 12/20/18 04:05:31 PM
#7869   $INSY Clinical Trials https://www.insysrx.com/products/in-development MazelTov 12/20/18 11:26:04 AM
#7868   Oil down big again today. More than benchman 12/20/18 10:54:31 AM
#7867   Yesterday, may have been capitulation for oil, as benchman 12/19/18 04:03:02 PM
#7866   Oil capitulation today?? Oil was down over benchman 12/18/18 04:12:20 PM
#7865   Another bad day for stocks and oil. benchman 12/17/18 04:06:41 PM
#7864   Added more ESV at $4.01. It hit benchman 12/17/18 09:51:00 AM
#7863   No, no social media. Thanks though :-) benchman 12/15/18 10:06:53 AM
#7862   you have a Facebook? add me if so The Night Stalker 12/14/18 08:12:09 PM
#7861   Another rough day, with the DOW down 500, benchman 12/14/18 04:28:33 PM
#7860   Dumped the rest of my SAEX around $2.80. benchman 12/14/18 02:58:17 PM
#7859   some make millions from this , most lose The Night Stalker 12/14/18 12:31:38 PM
#7858   Another red day here, despite the DOW up benchman 12/13/18 04:11:58 PM
#7857   Another one of those days where oil and benchman 12/12/18 04:07:33 PM
#7856   The DOW closed down 53 and oil closed benchman 12/11/18 04:04:56 PM
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