
Wednesday, September 30, 2020


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.
Tuesday, September 29, 2020
Sunday, September 27, 2020

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.
Friday, September 25, 2020
Thursday, September 24, 2020
Saturday, September 19, 2020

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.
Thursday, September 17, 2020
Wednesday, September 16, 2020
Saturday, September 12, 2020

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.

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.
Wednesday, September 9, 2020
Tuesday, September 8, 2020
Monday, September 7, 2020
Sunday, September 6, 2020

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.