
Monday, August 31, 2020
Sunday, August 30, 2020

IAC trade example
Saturday, August 29, 2020
Friday, August 28, 2020

My go to list of stocks
These are my favorite stocks to trade. I may trade others, but these are the first ones I look at. Some of these are very expensive, but with the creation of fractional shares, you can invest as little as a dollar and still own a piece of these.
AAPL, ADBE, AMD, AMZN, BA, COST, DE, DIS, DPZ, FB, GOOGL, HD, HUM, INTU, LULU, MCD, MSFT, NFLX, NVDA, PYPL, ROKU, SBUX, SHOP, SNAP, STZ, SQ, TSLA, TWTR, UPS, V, WMT,
Thursday, August 27, 2020

Setting up the charts (Video Soon)
I'll post a video soon of how to add these indicators to the charts, but here is a photo and list.
I USE THE FREE VERSION OF TRADINGVIEW.COM
I USE THE ONE HOUR TIME FRAME
1. 200 SMA
2. 800 SMA
3. WEEKLY PIVOT
4. MONTHLY PIVOT
5. USC MURREY MATH OSCILLATOR
I SOMETIMES WILL USE THE FIBONACCI RETRACEMENT AND WILL SHARE HOW I USE THAT SOON.
Wednesday, August 26, 2020

Trust The Trade-Six thoughts on learning to trust your trade.
Six thoughts on learning to
trust your trade.
3.
Repeatable
Trust… Does your setup work every time? Or almost every time? Or do you just
hope it does.
Let me give
you a few examples of setups in everyday life.
1.
The
Sun Rising
2.
Peanut
butter and Jelly
3.
Pressing
the accelerator in a car.
4.
Buy
Trust…. Start with a trade size that is easy to trust. A size which you don’t
care if the trade does not immediately go in your favor as long as it lines up
with number 1 and you did not throw a dart at the market and hope for trust.
5.
Stupid
Trust…. Quit stressing out. When you are ruled emotionally by your trade, you
will do stupid things like watching it reverse and go up without you.
I will tell
you and this may sound weird, I have been trading my earnings setup for a while
and it still takes my breath away. And when I look through my charts at night
of trades I did not take, I find myself doing a happy dance, because I am in
awe as to how well the trade setup has performed.
Find a trade
setup you can trust every time and trade happy my friends.
Full
disclosure – (TTT) is related to an ETF symbol, but you should get the point!
I am not a financial
advisor and I do not make recommendations or suggestions of what you should
buy. I only show you what I am buying.

$SHOP missed opportunity.
WOW! I sure did miss buying $SHOP Monday. Up $80 in two days. Was on my list below. But there will be more opportunities until Mad Max shows up!
Tuesday, August 25, 2020

Pattern Day Trading-Warning (PDT)
Pattern Day Trading. What is it and why should it concern me. PDT was a rule created for people with accounts under $25,000. It's a way for the government babysit your account and try to keep you safe.
Simply put, if you buy a stock and close it on the same day, this is called a day trade. If you buy a stock and keep it open until the next day..... no worries.
But if you open and close a trade on the same day, you are only allowed 2 more day trades within the next 5 days. So within the 5 day period if you open and close 3 trades, you will not be able to close any other trades that you open the same day.
The easy solution is to close any trade you open on the next day or later, so you don't have to keep track of it.
Let me know if you have questions.
Sunday, August 23, 2020

Apple (AAPL) Pending Order
$AAPL Apple has a stock split -4-1 on August 31. I already own Apple. I mentioned this on my Facebook page when the stock was $408 a few weeks ago. As of Friday this stock has come just shy of $500. I have seen AAPL in my trading days as low as $40 and as high as $600 I believe. The chart does not reflect that because over the years, the stock has had several stock splits. If it were to split today it would be $125 per share. If you owned 1 share, you would now own 4. For me this is the perfect stock to buy after the split and hold. Following the trading rule of trade small-trade happy, I could risk the price of one share or buy a fraction of a share for the price which I decide and just hold. Who thinks Apple will fail or drop? Well they have in the past, nothing goes straight up, but they have always come back. I will post again about Apple when I buy it. I am not a financial advisor. This is not a recommendation for you to buy or sell.

So why is this site called Lunch Money Trade anyway?
So why is this site called Lunch Money Trade anyway?
YOU WILL LOSE. THE MARKET IS NOT
YOUR FRIEND. THE MARKET HATES YOU!
(Everything in this feed is in chronological order. Make sure you start at the
bottom of the feed and work your way up).
So why
is this site called Lunch Money Trade anyway? I am going to let
you in on a secret. Or a trick. It is so simple that anyone can do it, but no
one ever does. The secret will set you free. And it will set you apart from
other traders to be a success in the stock market.
Here is the
secret. The reason why most new traders loose is they trade like they are
eating filet mignon and then out of desperation when their trade goes the wrong
way, they stop out only to watch the trade turn around and go into huge profit.
Upset, they think to get their money back they trade an even larger amount of
money or shares the next time and panic again when it goes against them. And thus,
the cycle begins of losing more, than winning.
Most traders
finally come to the realization that the market is not a get rich scheme
waiting to happen and most find out to late. It is really all about controlling
emotion, trading a ridiculously small or tiny amount of money or shares which
you are super comfortable with and accumulating.
Lots of the trading gurus will say
do not trade with money you cannot afford to lose. Ok that sounds good. I can
deal with that…. Well maybe!
Here is what happens. We enter the
stock market for the first time, and we get all excited because of a broker we
find that has a beautiful trading platform or software with all the bells and
whistles. AND LOTS OF PROMISES.
With all that stuff, we are sure
to win a lot and get rich quick. The
broker has a fee or commission of around $20 for each trade we open and close. (UPDATE
because of competition most brokers have lowered their fees). And a huge
minimum deposit to open an account and start trading. But that is ok because
the software is fancy and cool, and we will make it back…. Because we are excited,
and everything seems so cool.
And if not. It is
ok because I am only trading with money that I can afford to lose. That
is what the trading guru said!
We get our credit card and we
borrow $5000 or $10,000 and its ok because we will make it back or we can pay
it back because we can afford to lose that. Well we think so! We take our first
trade and it goes terribly wrong and we lose about 10%. That is ok, we will get
it back on the next trade. The next trade starts heading south, and we panic
and close it at a loss, only to watch the trade turn around and go into profit.
Well that is ok. Let us borrow some more money so our account looks like it was when we
first started. And the cycle begins.
DON’T DO IT-YOU
WILL LOSE IT! AND DON’T BE STUPID OR IGNORANT AND BORROW OR USE CREDIT CARDS TO
TRADE STOCKS!
(Read my post about brokers. I use
Robinhood. They were one of the first to come out with commission free trading).
Have you ever left the house forgetting
your lunch money at home? Meaning you left your wallet or credit cards at home.
How bad did you freak out or panic? Not too bad, right? Maybe a little
discomfort. Ok so you must go a few hours without food before you can eat. And
most likely, if a co-worker was around, you were saved. So that is why we are
starting with lunch money. We are starting with a lot less than what we
can afford to lose or what we think the trading guru is telling us.
There is no one around to save you
and buy you lunch when you take a trade. It does not matter what the market
does, win or lose, the most we can lose is our lunch money. And I really am
just talking about $20 or so. Let us have fun trading, not stress! Start at the
value menu and work your way up.
Remember this. When you buy one
share of stock, it takes a lot longer to lose lunch money than it does when you
trade 10, 20, or 100 shares. Trade small. Trade happy. Maybe start with one
share or even a fractional share. Set a goal of making $1 per trade. If you cannot
make $1, skip trading, and maybe take a cooking class.
My goal with
the lunch money trade is to fill up the big change jar until it gets really heavy
and take it to the bank and cash it in. Just like when we empty our pockets
every day.
We are going to start with our lunch money,
around $20. Why so small!
Here’s
another secret. We want to win!
But how much can I win just trading with my
lunch money? That is the wrong question to ask. The question should be how much
can I loose! The answer is your lunch money. And in no time, we will be moving from the drive thru lane and
value menu to inside the restaurant, where they serve steak.
Let us fill up the coin
jar first. I know you can do it and I know you can be a success!
Next, we need to talk
about PDT. Pattern day trading. It is easy to get caught up in that, and we want
to make sure we do not.
Any stock mentioned or
thought expressed is not a recommendation or suggestion to buy or trade. I am
not a financial advisor. Check with your financial advisor for recommendations.
Saturday, August 22, 2020

August 22 trade update.
Below you will find trades I am in and thoughts on brokers,
etc. Make sure to scroll through the entire feed. Remember this, trade
small-trade happy, if you get stressed out, your trade size is too big.

Microsoft (MSFT) update

INTRODUCTION
Friday, August 21, 2020

Brokers
How to get started..... BROKERS
To limit your expenses. You have to start at the value menu.
A few years ago Robinhood started offering commission free
trading. I am attaching a link at the bottom to their page. This was a new
concept that opened the door for larger brokerages to have to start offering commission
free trading to compete. The nice thing that robinhood still offers is a no minimum
deposit to get started. They now also offer buying fractional shares which you
may have to get on a waiting list to start trading, but once on it you can
invest as little as a $1 on high dollar stocks like TSLA.
Please review their website for any additional fees, etc.
When you don't pay commission and you open the trade and it
goes up one penny, that penny is yours. And when it goes up a dollar, the
dollar is yours. And when it goes up more, the more is yours. Get the picture?
Don't forget to pay taxes.
Again why pay commission when you don't have too. This is a
huge key to trading small or lunch money.
One last thought. Most people that pay commissions, trade
more
shares or a larger size, so they can get their money back
quicker and they have to risk more. Trading commission free keeps me within my
lunch money trade size and allows less stress when the trade goes the wrong
way.
Something to be aware of with a small account is PDT or
pattern day trading and I will go over that in another post.
Here is a link to Robinhood. With this link you and I will
get a free share of stock. They boast about getting a share of AAPL etc, but I
have never received a share of a company’s stock valued over $10. Use my link
or go to their site and sign up directly. Remember. Trade small, trade
happy.... no stress. If you get nervous in a trade, you broke the first rule.
Your trade size is to big.
http://join.robinhood.com/peteg