The party bulbs are nothing but incandescent lights that are tinted and are no good for growing. You need a light that puts out a red-orange light spectrum for flowering not just a red light. If you still plan on growing in a trash can heat will be an issue. Maybe some 5000K or 6500K CFL's for veg and some 2700k CFL's for flower. I'm not experienced with LED lights so I would have to websearch for info on those.