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Small Time Trading

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Last Post: 11/12/2018 8:18:15 AM - Followers: 41 - 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!

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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
#7825   Thanks man. Sorry again on what happened. benchman 11/12/18 08:18:15 AM
#7824   eww gross, but I'm sure you'll pull Dahmer 11/10/18 02:51:55 PM
#7823   my bullshit does that as well, sick joke Dahmer 11/10/18 02:42:51 PM
#7822   Yeah, pretty bad. It's now back to benchman 11/02/18 03:20:04 PM
#7821   What rotten luck! Marilynt 11/02/18 03:18:42 PM
#7820   SDSS - No volume or movement for weeks benchman 11/02/18 03:14:14 PM
#7819   All out SDSS at .0013 for a $900 benchman 11/02/18 02:14:49 PM
#7818   Added more AMD puts at .07. benchman 11/02/18 09:36:12 AM
#7817   GM, thanks for the tip. $DRUS benchman 11/02/18 09:28:05 AM
#7816   GM, keep on watch DRUS 0.0015. lvhd 11/02/18 09:24:03 AM
#7815   Bought some Nov 16th AMD puts. Strike benchman 11/01/18 01:28:09 PM
#7814   SAEX new 52-week low, $5.21. Oh well. benchman 10/31/18 12:33:50 PM
#7813   SAEX held it's 52-week low (made yesterday) today. benchman 10/30/18 04:11:05 PM
#7812   That's why I am still holding SAEX. benchman 10/30/18 03:36:51 PM
#7811   A combination of events occurred yesterday. 1. benchman 10/30/18 03:33:37 PM
#7810   Added more SAEX at $5.25. benchman 10/30/18 03:31:34 PM
#7809   DXR had a big day today on news [SMART MONEY] 10/30/18 12:46:11 PM
#7808   Back in ESV at $6.67. benchman 10/30/18 10:45:34 AM
#7807   Double beat down. So yesterday as I benchman 10/25/18 08:38:15 AM
#7806   All out ANY at .34. Total loss benchman 10/24/18 01:43:28 PM
#7805   Added more SAEX at $6.11. In order benchman 10/24/18 01:14:11 PM
#7804   Added more of those AMD calls at .08. benchman 10/24/18 12:33:32 PM
#7803   Bought AMD $36 calls for .12. They benchman 10/23/18 11:21:49 AM
#7802   CLDC BIG GREEN CANDLES ON THE CHART $CLDC MazelTov 10/23/18 11:03:31 AM
#7801   Added more AVOI at .01. benchman 10/23/18 10:54:22 AM
#7800   $CLDC Nice and Steady climbing MazelTov 10/18/18 02:19:49 PM
#7799   $CLDC Super LOW FLOATER MazelTov 10/18/18 02:10:35 PM
#7798   Yes it has, but it's been a little benchman 10/18/18 12:05:26 PM
#7797   That’s supposed to say “I” instead of “they” homeboy4u 10/18/18 12:03:19 PM
#7796   They came over here to see what you homeboy4u 10/18/18 12:02:25 PM
#7795   $CIIX CBD oil has been shown to be MazelTov 10/16/18 05:11:59 PM
#7794   Added more AMD calls at .01 and .02. benchman 10/16/18 01:43:06 PM
#7793   TREP moves on air. This low floater gonna #potstockmillionaire 10/12/18 11:28:57 AM
#7792   CIIX CBD Cannabis Medical Marijuana $CIIX Records Significant MazelTov 10/12/18 07:19:14 AM
#7791   DOW down 565 and NASDAQ down 107. benchman 10/11/18 02:46:11 PM
#7790   Added more of those AMD calls at .04. benchman 10/11/18 02:41:08 PM
#7789   Added more AMD calls for .05. The benchman 10/11/18 01:04:10 PM
#7788   Oh yes there was, the flippers. I could Efficient Trader 10/09/18 04:41:41 PM
#7787   Okay, good luck. When it was at benchman 10/09/18 04:34:14 PM
#7786   Still holding all my $TREP shares. My price Efficient Trader 10/09/18 04:30:43 PM
#7785   So my last account value update was on benchman 10/09/18 04:14:55 PM
#7784   I just saw this, how did you do benchman 10/09/18 04:11:06 PM
#7783   Added more AMD calls at .12. benchman 10/08/18 11:17:17 AM
#7782   Trades: Out all AMD at $27.544 for benchman 10/04/18 04:03:26 PM
#7781   Added SDSS at .0014. This order was benchman 10/04/18 12:04:36 PM
#7780   Added more SAEX at $9.40. benchman 10/04/18 11:01:59 AM
#7779   LOL! I only have this kind of benchman 10/04/18 10:57:24 AM
#7778   You have more patience than I have. Marilynt 10/04/18 10:54:38 AM
#7777   Thanks! Took me 19-20 months, lol benchman 10/04/18 10:52:52 AM
#7776   Took a starter in $TREP from good news Efficient Trader 10/04/18 10:52:38 AM