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Last Post: 3/23/2018 3:47:24 PM - Followers: 40 - 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
  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
#6667   sold half my 960 SPXU shares at 11.85. ottoman 03/23/18 03:47:23 PM
#6666   added SNGX @ 2.00 ottoman 03/23/18 09:37:34 AM
#6665   Account value down over $3,000 today. Main benchman 03/22/18 04:09:39 PM
#6664   added SNGX at 2.10. very small, almost not ottoman 03/22/18 03:37:55 PM
#6663   LOL, thanks benchman 03/22/18 02:05:31 PM
#6662   I'm already up 2 pennies on $500 nibble. ottoman 03/22/18 01:59:22 PM
#6661   Good luck! I will be out of benchman 03/22/18 01:56:20 PM
#6660   nibbled some SNGX at 2.23. ottoman 03/22/18 01:46:06 PM
#6659   Out another 1/4 WG at .225. benchman 03/22/18 01:43:26 PM
#6658   Im watching SNGX here. biotech. had news out ottoman 03/22/18 11:37:51 AM
#6657   Added APLVF at .15. benchman 03/22/18 10:10:20 AM
#6656   YESSS! Great news. DOW will probably benchman 03/22/18 09:52:49 AM
#6655   lol Dennis Gartman. He was on Fox Business ottoman 03/22/18 09:46:01 AM
#6654   Nice. It's the HOD right now. benchman 03/22/18 09:36:50 AM
#6653   out WG at .25 ottoman 03/22/18 09:35:47 AM
#6652   Account value up $2,140 today. Main driver benchman 03/21/18 04:16:02 PM
#6651   Thanks! It was. So close to benchman 03/21/18 04:04:43 PM
#6650   just noticed ESV on the day, nice for you! ottoman 03/21/18 04:02:26 PM
#6649   RXMD doing good today homeboy4u 03/21/18 02:31:49 PM
#6648   That's the way we look at it too. benchman 03/21/18 01:17:06 PM
#6647   If I can help someone make a little ammobox 03/21/18 01:13:15 PM
#6646   Thanks! We are always interested here :-) benchman 03/21/18 01:00:50 PM
#6645   If your interested check out $ADAC I just ammobox 03/21/18 12:31:37 PM
#6644   Out 1/4 WG at .2427. benchman 03/21/18 12:26:50 PM
#6643   Thank for your support Guys. I hope it ammobox 03/21/18 10:37:13 AM
#6642   Nice job! I am still in. benchman 03/21/18 10:35:11 AM
#6641   awesome, congrats. ottoman 03/21/18 10:33:50 AM
#6640   Good Morning! Out of $WG with a $450 ammobox 03/21/18 10:31:05 AM
#6639   Yes, hoping to see .30 today. benchman 03/21/18 10:30:39 AM
#6638   WG 0.25 looking better. lvhd 03/21/18 10:25:47 AM
#6637   Wow, so volatile. benchman 03/21/18 10:16:51 AM
#6636   lol now CALI halted for volatility on the ottoman 03/21/18 10:16:09 AM
#6635   out NVCN. yikes. going to zero I guess. ottoman 03/21/18 10:14:03 AM
#6634   Yeah, they are typically scammy. Good luck benchman 03/21/18 10:05:24 AM
#6633   multiple volatility halts on CALI. up over 100%. ottoman 03/21/18 10:02:32 AM
#6632   PTI could be huge today. News out benchman 03/21/18 08:48:11 AM
#6631   Forgot to tell you that yesterday VERT was homeboy4u 03/21/18 08:21:46 AM
#6630   Nice. Good luck! benchman 03/21/18 08:21:40 AM
#6629   Yep, I should be out by then homeboy4u 03/21/18 08:20:56 AM
#6628   WG bidding up in pre! .203 x .2297 now. benchman 03/21/18 08:08:04 AM
#6627   RSI is kind of high on it now. benchman 03/21/18 08:07:19 AM
#6626   I think I have played RXMD before. benchman 03/21/18 06:38:19 AM
#6625   Grabbed some RXMD today at .21 as it’s homeboy4u 03/20/18 06:08:37 PM
#6624   $WG UP After Hours Last Trade $ 0.22 ammobox 03/20/18 05:03:33 PM
#6623   LOL, $WG is all ready buzzing like a ammobox 03/20/18 04:12:38 PM
#6622   Account value up around $100 today. Market benchman 03/20/18 04:07:26 PM
#6621   I think it will be on a lot benchman 03/20/18 04:05:33 PM
#6620   I was trying for another 3K @0.18 but ammobox 03/20/18 04:02:20 PM
#6619   Darn it. got a partial fill or a ottoman 03/20/18 03:59:32 PM
#6618   Just getting cheaper SMH I hope were not ammobox 03/20/18 03:40:54 PM