Some Tips

Here are some helpful hints when having a small account, that you want to grow rapidly:

1. When you have a small account, the best place you can make the most money is on the OTC market.
2. Do not trade on emotion
3. Do not buy your entire position at one time.
4. Do not sell your entire position at once (depending on the situation).
5. Do not buy stocks that are in the triple zeroes
6. Take profits earlier than most are saying you should
7. Cut losses quickly and move on
8. 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.

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.  I will also give examples of these stocks when I post.

Some key tips:

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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 :-)

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 post it.