$PLUG CLOSED

 

$TWTR Twitter closed

 

$DJI UPDATE

 

$ROKU CLOSED

 

Facebook $FB CLOSED

 

$PYPL PAYPAL CLOSED

 SEE CHART

$WMT WALMART CLOSED

 SEE CHART

Update September 30

 FYI, I may close $PYPL, $PLUG, $WMT, $TWTR, $ROKU, $FB today. All nice profits. Will post charts as I do. And then watch to buy again.

WALMART OPEN $WMT

 WALMART OPEN $WMT-Slow mover, will try to give it time. Watching price to hold the pivot or trend line.

LET'S DO THE MATH! Promises, Rainbows, and Realities.

 

Let’s Do the MATH!

Promises, Rainbows, and Realities.

 

Jack and Sally went up to Wall Street to buy a bunch of stocks. Jack’s stocks reversed and he freaked out and he stopped out, but Sally went to Starbucks…. OK, wrong story…. Let’s Do the MATH.

 

Jack and Sally were both new to the stock market. They were so excited because they had both heard the promises from the stock trading guru’s that they could make millions.

They both opened accounts with $1000 and had very big dreams. Oh and the best part was, when they opened their accounts, they received 50 free trades as a bonus, so our math will not include commissions.

 

Jack took his first trade with lots of hope. He bought 100 shares of a $10 stock. His total investment was a $1000. The stock dropped $2.00. Where would you’re stop be? Jack freaked out and closed his trade. Jack lost $200. Bummer!

Sally bought the same stock. But she was a little more conservative. She wanted to make sure the promises that the gurus had told her on the online social networks and the spam emails of riches were true first. She bought the same stock, but only 10 shares. When it reversed and went against her, she was having coffee at Starbucks and did not notice. Then the stock reversed and went to $12. Her alert went off and she closed it for a $20 profit. A nice 2% gain and she is happy that her first trade paid for her coffee and left her some lunch money. By the end of Sally’s free 50 trades, she is up $1000 and well Poor Jack…. Is well POOR.

Shall we do more MATH? I don’t think so. But you should get the point. We should be more like Sally and less like Jack.

Wouldn’t it be nice to make 2% a week with no worries and not stare at the charts all day? By the end of the 50 free trades, Sally has made $1000 stress free and Jack, well he has borrowed money from his credit cards MULTIPLE TIMES…….. Still hoping for those promises he has heard so many times from the gurus about the stock market being his pot of gold.

When you hear of promises of rainbows and pots of gold, especially if there is something being sold like a trading course….. run very fast the other way. Does the guru ever tell you what size account you have to have to make millions? Or how much you could lose trying to hit it lucky? Sometimes people do hit it lucky, but that is not the norm for most traders that are successful. Be happy taking small wins and Rinse, Wash, Repeat.

 

Good things happen to those who trade small and wait. Here’s why.

1. Trading small allows you to wait or stop out quickly without huge losses to your account.

2.Trading small allows you to not get emotionally involved or attached to your trade when the market does not go your way.

3.Trading small allows you to diversify and open more trades across several markets and become a MONEY MACHINE that continues accumulating profit.

 

 

Trade Happy My Friends. You will be a success. 

Humana $HUM closed

Humana $HUM closed. Taking the profit at a trend line and 200 SMA

BA CLOSED

 Closed $BA. Should have closed along time ago. 

$LULU UPDATE

 $LULU update. I played around and bought a fractional share for earnings. I am only down about $20 because of the size. I will probably let it go if price drops below $260.

ROKU UPDATE $ROKU

 $ROKU UPDATE Lets see if we can get some bounces on these trend lines.

FB Facebook update

 $FB Facebook update. Did not hold the trend line. I mentioned I would be looking to add to the trade and still am planning too. Notes on chart.

$HUM Humana update

$HUM Humana update-May take profit soon depending on the market next week.

KOHLS $KSS update.

 Holding. No changes

$PLUG UPDATE

 $PLUG UPDATE I don't believe I posted this before. Holding. No change.

$TWTR Twitter update

 $TWTR Twitter update-Bought on the pivot. Holding. No change.

$KO Coca-cola No changes

 

VISA $V UPDATE

 VISA $V UPDATE No Changes.

$PYPL Paypal update

 $PYPL Paypal update. I may add around $165.

Microsoft $MSFT update

 Microsoft $MSFT update. Long Term Hold. Traded in the past short term, but going to try holding forever this time. I may add around $182. Will post when I add to this trade.

$BA holding update

 $BA holding update. This is a long term trade. Price is currently stuck under the monthly pivot. Not planning on adding yet. If people stop flying, I'll parachute the trade.

APPLE $AAPL UPDATE

 $AAPL UPDATE. Notes on chart.

$TSLA UPDATE HOLDING

 $TSLA UPDATE HOLDING. Tesla is and has been a roller coaster over the years. I am just along for the ride. I won't add unless we get back below $300 or above $500.

Dow Jones Update $DJI

 We are in a BOX. When you stay in a box for a long time, you get weary and then you start loosing a grip on your emotions and start making wild assumptions. Compare it to the 4 walls of the quarantine. Although lots of people are freaking out, thinking we are crashing, we have just been stuck in a box since September 1. The real fun should start when we move out of the box.

UPDATES and NEW VIDEOS

I will be posting the charts of trades I am currently in and adding thoughts if I will be adding to any of them any time soon. I also got a new mic, so I will be sharing how I set up my charts and the 4 set-ups I trade. I'm tired, so going to take it slow, but should be all done by Sunday night.

$DJI CURRENT

 

ROKU OPEN

 I bought a small amount of $ROKU and plan to add more when price drops or pops. Bought on the MP.

Facebook (FB) OPEN

 $FB notes on chart.

Humana (HUM) open

 I just noticed this pending order was filled pre-market. Honestly I don't know how it was filled. I don't see price that low.

Confessions of a wannabe professional stock trader

 

Confessions of a wannabe professional stock trader

 

I started with CSCO and JDSU and some tech ETF my broker talked me into. I was new to the market. I think it was around 1996. Back then, it was coming up on the end of a boom in the market. 911 made sure of that. I don’t know when I first wanted to be a wannabe professional stock trader, I just knew I did. Being a professional stock trader looked pretty cool. I knew I had a lot to learn, so I had no time to waste. And I knew all professional stock traders know what the market is going to do.

 

I had researched it on the Internet. From all the photos I saw, the one thing in common was a lot of computer monitors. Ok easy enough. I made room on my desk and set up 3 - 24 inch screens and my laptop next to them. I also hung a 36 inch LED television on my wall. Nice!

 

Over the years, I subscribed to multiple social stock news feeds, multiple trading e-newsletters with hot stock tips every day or so they promised and joined or subscribed to several chat rooms. Having my ear on the pulse of the market was a sure way to know exactly what the market was going to do.

 

I had all my screens buzzing with charts and social feeds and chat rooms. Some days I wished I had 7 more screens. Maybe if I got bigger ones I could hang them on the wall and I could see them.  This certainly was going to help me become a professional wannabe and know what the market was going to do.

 

There were some really big wannabe professional traders on these chats too. I mean they were on all the major news networks all the time. How come every time I blindly followed them into a trade, I lost? Oh well, maybe they were having bad day.

 

Over the years I have traded stocks, every type of option known to man, bonds. Futures, forex and more. If it was legal. I have traded it. I had learned about a zillion different indicators too. I just never could figure out which was best. But knowing how to use them was what counted. Right? Yep. I had arrived. All of these indicators would surely show me what the market was going to do.

 

In the chat rooms and watching the gurus on the television, every day was a new challenge for all of us. We worked as a team, stirring up fear of a market crash and we better get out of everything or on other days the market was going to rally and we better buy, buy, and buy. Most days it did the opposite of what everyone was screaming, and we would lose or break even, but we were all wannabe’s and that’s what counted. We knew what the market was going to do. Right?

 

The problem was I never really got a head. With all my bells and whistles I thought I knew what the market was going to do along with everyone else that wants to be a wannabe.

 

A few years ago I remembered this. Buy low, sell high. Buy at support, take profit when you got it. Where did that come from? No professional would keep it that simple.

 

When my father traded in the markets. He made millions. I remember him sitting in his room with one screen. Before computers there was a television and a phone and he would call a broker and before that for him there was the morning and evening paper. He made his millions. But why? He wasn't a professional and he did not have enough information flow to know what the markets were going to do.

 

Over time we have filled our screens with so many indicators, we can't even see the price action. We look for that one trade that will be our pot of gold while we think we know what the market will do. 

 

Recently I turned everything off. On one screen I have a webcam of a beautiful beach I want to move too. On the other screen I have streaming music. On my last screen, I have charts just in case an alert I have set goes off telling me buy above, sell below or close the trade. And I place the trades from my smart phone and don't pay commission. It’s really simple.

 

I gave up trying to know what the market was going to do a few years ago and they have been my best trading years ever. It really is amazing what you can do, when you don’t know or try to know, or care what the market is going to do!

 

Does that mean I'm not a professional wannabe anymore? I really don't care. I am having some of the happiest trading ever. Me, my phone and my one screen. 

 

And my biggest accomplishment was I discovered a really easy way to trade earnings with a very high success rate. It’s amazing what you can do, when you turn everything off and get quiet.

 

Trade Happy my friends and have fun, not stress doing it. You will be a success.

Disney (DIS) maybe.

 

Humana (HUM) watching

 $HUM trend-line and KD. I don't mind taking a short term small position in this. I will post when I do.

Roku $ROKU watching

 $ROKU starting to look interesting again at the trend lines.

Fractional shares

 A new way to trade and risk less is by using fractional shares. Some brokers are offering trade sizes as low as $1. If you are reading my post, remember we all trade differently. I may lose and you may win or visa-versa. Who knows! Just be careful if you are reading my post and not making your own decisions. I am not responsible for your trades.

Facbook $FB watching

 Notes on chart.

Dow Jones $DJI CHOP CHOP CHOP

 

Costco (COST) Closed

 Winner-Winner Costco $COST Dinner.

LULU $LULU open

I bought a tiny size of $LULU. Fits my setup. Remember no set up is 100%. May work through it, hold, or stop out if price goes the wrong way.

kohls $KSS open

 Notes on chart.Trade Small-Trade Happy!

Costco (COST) Open

 Notes on chart. Remember fractional shares are available. Trade small-Trade Happy!

Lulu (LULU) earnings September 8

 Yes I'm tempted. Fits my setup. Remember no set up is 100%. May take a small size and work through it, hold, or stop out if price goes the wrong way.

Kohls (KSS) RISK PLAY OF THE WEEK

I will probably open a small trade on $KSS. I don't like retail right now, but want to give this a try.

Facebook $FB watching

 WE DON'T CARE ABOUT NO STINKING POLITICAL ADS.

HATERS AND FAKERS WILL STILL FIND A WAY. THINKING $FB SOON.

Netflix (NFLX) watching

 Come back down $NFLX. I'm waiting for you!

$DJI Remeber technicals don't work. Just saying!

 

Watching the $VIX

 

Fractional Shares-Learn about them.

 Fractional Shares-Learn about them. For all my wannabe trader friends that say they don't have the money to trade, but want too. Learn about fractional trade sizes. Some brokers will let you invest one dollar in well known expensive stocks with no commission charges. I am partial to Robinhood because there is no minimum deposit. Here is a link if you want to try them and we will both get a free share of some cheap stock. http://join.robinhood.com/peteg

Adobe (ADBE) watching and may enter

 Adobe $ADBE I'm watching for earnings and maybe more. I may take a position right here at the pivot or if price drops below to possible support. Overall I am not concerned if price falls and it can drop a lot, but the long term has been up, so with shares price should come back. Even a small size trade with ADBE might fill the tank etc if price goes the right way.

Domino's Pizza (DPZ) thinking about it.

 I remember reading an article in 2016 to buy $DPZ as there would be rioting and civil unrest in the streets after the election and everyone would stay home and order pizza. I laughed. Guess whose not laughing now. Nice job Domino's. Thinking about you this time. Maybe a 4 year hold!