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Last Post: 4/28/2022 8:25:08 AM - Followers: 32 - 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!

#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
#7984   Hello! Just a quick update. I benchman 04/28/22 08:25:08 AM
#7983   I have. Amazing, right. Never seen benchman 02/12/21 08:30:37 AM
#7982   I don’t know if you’ve seen TSNP since SidewaysTrader 02/12/21 07:40:04 AM
#7981   Unfortunately no. With the small amount of benchman 11/25/20 03:49:28 PM
#7980   Are you still holding that? If you are SidewaysTrader 11/25/20 03:46:10 PM
#7979   Just stopping by. Been a rough year benchman 11/13/20 10:14:16 AM
#7978   Yeah, that is a nice consolation, lol. benchman 09/11/20 11:28:50 AM
#7977   Didn't work out as planned. Still walked Imagineer66 09/11/20 11:27:52 AM
#7976   Lol. Almost 10am. Good luck benchman 09/11/20 09:52:16 AM
#7975   Yes CMGO. I don't know why I Imagineer66 09/11/20 09:50:24 AM
#7974   OMID now .024, new HOD benchman 09/11/20 09:48:16 AM
#7973   I think it's CMGO, right? benchman 09/11/20 09:46:28 AM
#7972   Thanks, I will take a look! Funds benchman 09/11/20 09:44:50 AM
#7971   Quick tip, $CGMO. PR at 10am. Imagineer66 09/11/20 09:42:35 AM
#7970   That's good to hear, except for your friends. benchman 09/11/20 09:39:51 AM
#7969   Not been a bad summer for me, either. Imagineer66 09/11/20 09:38:37 AM
#7968   From a stock point of view, no. benchman 09/11/20 09:27:47 AM
#7967   Long time, no hear. Everything been ok? Imagineer66 09/11/20 09:24:29 AM
#7966   OMID .0154. Small float and profitable. benchman 09/11/20 08:03:33 AM
#7965   ADMQ .07, check it out. OTCQB with benchman 06/18/20 02:50:01 PM
#7964   Hey Homeboy! Good to see you. benchman 02/02/20 08:35:08 AM
#7963   PCTL Kills viruses superbugs and fungi. Could (SHUNNED) 02/02/20 05:57:45 AM
#7962   I just checked in here and saw you SidewaysTrader 02/02/20 04:54:54 AM
#7961   VAL in the $4.50's again, looks due for benchman 01/24/20 11:58:32 AM
#7960   This has to be one of the worst benchman 01/14/20 03:42:02 PM
#7959   Happy New Year everyone! Just checking in benchman 01/08/20 01:41:06 PM
#7958   {{::--- )) ))) Spider Web 11/19/19 01:00:02 PM
#7957   Just checking in. I have been trading benchman 10/18/19 01:42:05 PM
#7956   saj 10/03/19 09:28:25 AM
#7955   VAL starting look again here in the low $4's. benchman 10/03/19 08:29:02 AM
#7954   ESV, which is now VAL, wayyyy oversold here benchman 08/02/19 11:44:12 AM
#7953   Sorry to hear bro :-( Thanks on benchman 07/05/19 11:18:18 AM
#7952   soon as we buy, the sadistic The Night Stalker 07/04/19 03:24:15 PM
#7951   Who here playing TRBO for a possible bounce exec_sum 06/24/19 05:10:07 AM
#7950   Still watching ESV. Was a buy around benchman 06/21/19 12:47:15 PM
#7949   some make it, and some are The Night Stalker 05/18/19 06:11:32 PM
#7948   $mgon low float play, rm. cbd co is seventhcircle 05/14/19 07:12:10 AM
#7947   I am done, but I still hang out benchman 05/13/19 06:16:21 AM
#7946   Hey I thought you were done with trading? SidewaysTrader 05/10/19 11:44:49 AM
#7945   Stev going multi pennies imo seventhcircle 04/17/19 04:11:26 PM
#7944   Nice spike recently. $STEV benchman 04/17/19 03:59:22 PM
#7943   $STEV looking good men! seventhcircle 04/17/19 03:51:25 PM
#7942   Thanks I think the call will force a seventhcircle 04/17/19 11:47:02 AM
#7941   Nice chart. I remember when MCLD was benchman 04/17/19 11:45:12 AM
#7940   $MCLDF conference call April 24th expecting a big seventhcircle 04/17/19 11:41:56 AM
#7939   Yes, especially since it was part of a merger. benchman 04/12/19 06:02:16 AM
#7938   not too bad split The Night Stalker 04/11/19 10:19:53 PM
#7937   ESV merged with Rowan (RDC) today. There benchman 04/11/19 10:55:30 AM
#7936   Will do! Thanks! Hope you start benchman 03/25/19 03:32:50 PM
#7935   It’s not the first time I’ve heard that SidewaysTrader 03/25/19 03:13:20 PM
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