 But I'm telling you, folks, if you continue to chase prices that are not advantageous technically, that you can take advantage on the other side of your trade, you're always exposing yourself for a very aggressive rock pull versus a technical buy that if it fails, you can get out with a little knee scrape. And that's a very, very important part. So obviously. Welcome to Access a Trader, the number one community for those who are committed to taking control of their trading in order to achieve success, profitability, and longevity. Thank you for joining us. Here's Dan Shapiro to help you find your edge, master your process, and own your future. Hey, guys. Good morning, everybody. Welcome to another edition of the Access a Trader.com. We can update you if everybody is doing well. So we're in a bull market, right? I mean, that's the video, right? We're in a bull market. You know, your whole career is based on several types of market. You have the bull market, you have the bear market, and you have the market that is politically pandemic, financial crisis, right? All the crazy things that could go wrong in the world, and in personal health and finance, right? You have all those markets. But right now, we are enjoying a bull market, and there's nothing really to more to dissect. You have stocks that are strong going stronger. You have stocks that are missing earnings going, you know, getting bought up, right? Getting bought up and reclaiming levels. We'll talk about Apple and Amazon in a second. You have the crypto market, right? You have Bitcoin all-time highs. You have Ethereum all-time highs. You have dog shit all-time highs. You have all these different coins, and all these different asset classes, and all these different SPACs, and all these different tech names going higher. And again, this is just the reality of if you can buy time, okay? If you can buy time in your career within the first couple of years and really digest information, and really understand why stocks move, why some stocks are not tradable, or why most stocks are not tradable, why certain groups have a bigger average trading volume, why option flow is so important, even if you're not an options trader. And you take all that in 3,000 other moving parts, and you put it into a shake, and you finally are exposed to what a really good, feel-good euphoric market feels like. Again, is this market gonna be this aggressive all-time? Of course not, right? Absolutely, of course not. But for now that it's here, you don't need to overthink. You don't need to be trading the same type of market every single way. Again, there's times in the market that there's a lot of uncertainty. We're in a pandemic, global unrest, financial crisis, all that stuff, and you have to be a little more feasible. You have to be a little more adult. You have to scout more. This is a market right now that's extended. It's exaggerated. You have to give good-looking charts more of a leash. You can't trade Tesla the same way at 1,000, 1,100 suit to be a $1,200 a share like you did when the stock was trading between 575 and 625 for about four month range, right? Going through two, $3 intervals. It's a different market. It's a euphoric market. And this is the result of the hard work of the patience of your process, of staying nimble, only playing premium hands, and this is your reward. So a lot of times, we'll have these videos and you'll turn around and you say, wow, if so-and-so happens, we need to reclaim this area. Be careful of what happens if this area gets rejected. We might start turning around and going lower. We're in a bull market. We are in a bull market right now. Could it change like this on Monday? I've seen bull tapes and euphoria kind of die on a dime, okay? But right now, we're enjoying for what it is. But believe it or not, again, you still see a lot of newer traders having a lot of hard times, right? A lot of problems because again, they're falling in love with the scoreboard. They're falling in love with the euphoria. I mean, how many markets do you have Bitcoin and Tesla trading exactly the same way? I mean mentally, right? You have these moon shots, okay? You have these runaway trains that you think everything no matter what happens everything is gonna make you right. Again, for all you guys who've seen the video years ago, that was like seven, eight years ago with me and the legendary Meyer Hoffman, Meyer made a great point. The reason why the internet craze was so special was that you really didn't need to know what you were doing. The market made you right. You didn't need to have a perfect entry, okay? And that's what the internet craze was. So if you bought a stock that went from seven to 35 during the dot com days and it retrays back to 30, okay, don't worry. A week from now will be at 70. That was the market. And I think a lot of people, especially a lot of new traders, they have that psychology subconsciously, okay? They believe it doesn't make a difference. If I buy a stock, it just went from seven to 30, right? And I bought it at 30 and it pulls back to 25. Don't worry. The next week will be at 50 because that's the market we're in. Unfortunately, that is the market we're in. And unfortunately, these are the bad habits that a lot of traders are creating. And again, you might make money once, you might make money twice, but when a stock starts to get extended and the euphoria crowd gets behind it and that whole retail trade starts really, really getting aggressive and behind it, eventually somebody is gonna get left with the whole musical chair game. This is the reality. It happens in every single market. There is a survival guide. There actually is an area in the market that you have to stay disciplined in because again, you could still get the same great euphoric results but having the feasibility, right? Doing a feasibility study and being an adult that you're not exposing yourself to a potential rock pole to exposing yourself to potential musical chair reality. And this type of scenario feels so good, but it's creating so many bad habits at the same time. Again, I'm not a Debbie Downer. I'm not pissing on anybody's parade. I understand how, believe me, I understand firsthand how great this market is. Tesla's been a blessing. Navity has been a godsend, right? These tech stocks have been nuts. Even names, for example, that Apple, right? Mr. Earnings, they still held the 50-day moving average and they brought them up. Apple's literally one day away of reclaiming the five-day moving average going higher. Amazon, with a second straight disappointing quarter, they bought the dip like this and reclaimed three out of the four major moving averages. Setting up for higher prices for next week. This is a special market, guys. This is a market that you can do incredibly well but you're reckless, right? If you're reckless and you don't understand what you're doing, if you don't understand the significance, how important understanding where a stock broke out of compared to where you're buying it, that makes all the sense in the world. So for example, I get how important how special Tesla has been. Every level has been, like I said, it's been a godsend, right? Especially if you're a consistent Tesla trader and been training the stock for years, you know how important what we've seen now, right? How aggressive levels are. But I also know there's much more value in dips. So for Friday, we had two or three, excuse me, two really, really good dips on Tesla, right? Compared to the strength that we saw at mid-morning and obviously the stock put up a parabolic candle towards the end of the day. So where you buy these stocks are as important as the stocks that you're trading right now. The stocks that you're trading right now is as important as the value that we're getting right now. And if you are a new trader, it's so easily, subconsciously, okay? To get into bad habits into a market like this that when the market starts slowing down and the average true ranges start shrinking and shrinking and shrinking, your bad habits already have developed. You already put yourself in a position of weakness. You're chasing, right? That's the magic word. You're chasing because you don't want to miss the next one. You don't want to miss the next stock that goes from seven to 35. You don't want to miss the next Bitcoin, right? You're all in. You're all in on every play. You are one trade away from a hail marry at every single play that you're calling. And that's not trading. That is hoping. That's praying. That's called gambling, right? And that's the furthest thing that you want to do to develop a solid foundation. You could do incredibly well in a market like this just by rotating out of overextended stocks and only playing those stocks on dips. I'm not saying dips on daily basis. Like Tesla doesn't need to go down 300 points to be a dip buy. Tesla just needs to have a weak open, go into the rising 60 minutes support. I'll give you a perfect example, right? Tesla didn't need to go down to get value on Friday, right? Look at the value on Friday on Tesla, right? You could see where the value is. It wasn't buying it up here. It wasn't buying it up here. It wasn't buying it up here, up here, up here. The value in Tesla was every single time it came down to the rising 60 minutes support. It exploded. It came down to the rising 60 minutes support. Hell, trap, hell, trap, hell, trap, hell, trap, and trap the shit out of these people towards the end of the day. So there is value in the market. There's a lot of value in the market, but there is basic things you have to avoid. Number one, you wanna buy stocks that are confirming the 50 day moving average. Since we had a lot of time in the market that was spent below the 50 day supply, a lot of names are still looking crappy. Believe it or not, even with this rise in the market, you're still looking at a lot of names that look like crap that are still trying to get above those channels. Those are the ones you wanna buy on strength. Day two, those are the ones you wanna buy first dip into rising 60 minutes support on strength. Once you start getting to day three, four, five, six, eight, 12, you don't wanna buy those stocks on strength. That's when you can get the potential rug pull. You don't wanna hope and pray that somebody comes in behind you and pays a higher price. You wanna be in control. So those are the names like NVIDIA, like the tests of the world. Those are the ones you wanna buy on weakness. Those are the ones you wanna buy on a light volume open, trap into the 60 minute support, go red to green, confirm the previous day's channel and really scream. Cause if you continue to go, right? If you continue to buy NVIDIA up here, right? If you continue to buy NVIDIA into strength, up here, up here, up here, up here, maybe it goes higher and maybe it doesn't, but keep this in mind. The stock's not breaking out here. It's not even breaking out here. The breakout was what we talked about two weeks ago. This is where the act of swing got started at 214, right? 214 when they started reclaiming the 50 day moving average and now you just have the byproduct of a really, really aggressive bull market. And this is the market that you continue wanna push but push in a weird way, pushing to weak levels that you can trap aggressive on educated shorts, right? The sexy play, the reversal, the never reversals because we are an ultimate buy the dip scenario. We've been talking about this buy the dip scenario for two weeks now or three weeks now that we've been above the 50 day moving average and I've said this every single time, okay? These markets come and these markets go but when they're here, right? This is when you wanna get aggressive off technical levels and this is when you wanna be wise once those technical levels become superstar, rockstar, parabolic handles and you wanna use weakness, right? Weakness to take advantage of the most sellers into the technical buyers and going into this week, again, you had the major majority of the tech names already reported, a lot of these names, you saw the movie play out over and over again, right? Netflix came out with earnings, they initially sold it off. Netflix is at 690, okay? Tesla, they initially sold the reaction, yada, yada, yada. Tesla is up 350 points, okay? Three, guys, look where Tesla was, right? Look what Tesla has done over the last few days, just over the last few days, forget about this, this was a phenomenal break out. Look what it's done in the last few days. The stock is up from 944 to 11, it was trading as high as 1128 after hours, okay? The stock in the last four days is up 200 points. This is called your reward from trading it technically and using dips to kinda keep on trapping and trapping and trapping and trapping. So it's very, very important, guys. Number one, take a step back. The stocks that you should be focusing on, again, this is just my humble opinion, I've only used 22 years. I've got caught in a market like this on the way down, right? What you wanna do is concentrate on the strong stocks and the dips, okay? My opinion, and you wanna find the stocks that are just coming out of those channels and those stocks you wanna trade into strength because at least if those stocks fail into strength, your failure is 20, 30, 40 cents because you can see those levels being rejected. If you fail into strength on Tesla, you can lose 200 points, okay? I'm not saying it well, I know a lot of people are very emotional, I love the stock more than anybody, trust me, more than anybody on the planet. So I will never say a bad word about the stock. But I'm telling you folks, if you continue to chase prices that are not advantageous technically that you can take advantage on the other side of your trade, you're always exposing yourself for a very aggressive rock pole versus a technical buy that if it fails, you can get out with a little knee scrape and that's a very, very important part. So obviously we are, you know, continue to be bullish going into next week. Friday, again, you had huge levels, right? Huge levels being confirmed, the stocks that are strong continue to be strong, the stocks that have not confirmed, at least, like I'll give you a perfect example, at least they're giving you an opportunity to digest the water flow and you know if the stock failed or not. So let's talk about Friday's action. You had NVIDIA, again, just the rock star of all rock stars, they're coming in for the 300s, they're coming in for the 270s. The EU vote on the arm deal is on the table. Again, nobody knows, nobody knows what's gonna happen on that deal but they're betting that the deal is gonna get approved. So here is 251.10, rejected twice pre-market. That would also confirm yesterday's channel note there's an EU vote on arm deal on the table. So if you're gonna trade this thing, be smart. Trade with cash flow with a hard stop. Fortunate for NVIDIA, there was no hard stop. The stock took out that 251.10 level. Here is the 251.10, right? Here is the 251.10 levels got rejected. You see it, 251.10, 251.10. It got rejected, just literally, just basically went straight up all the way up to 257. Just an absolute rock star. As much as Tesla's done great, hell man, don't sleep on the video, it's been an absolute monster. STX, I still like this 90 area. It took out the 88, took out the 89. We talked about it a couple of days ago. I still like this STX. It looks like Western Digital had a crazy, didn't have a good quarter, but look how strong this thing is. This thing is just building and building and building. Watch that 90 area on STX. I still like it into this week. Ballad power, again, I like this whole alternative charging group. Plug has been a monster. Ballad power. We started seeing December 23 in January 25 calls. Same group as Plug. 18 rejected yesterday, needs to reclaim. I still like this Ballad power. Only a small move so far. You know, it only is up like 12 cents from the pivot, but I still like this thing. The longer it builds above this 18 level, the better it'll be. I still like this thing going into next week. Airbnb, I still like it. It's putting in a really long base off 70. It needs to really build over that 73 level. Hasn't got there yet. CL, here's a perfect example. What I mean about stock failing off the bottom versus stock failing off the top. So CL77 needs to build to confirm the 50, right? So here's CL, right? Not a sexy stock. So it took out the 77, only went up like 50 cents, but that's my point, right? That's my point. If a stock is failing off a bottom, you could say to yourself, look, let me just break even as my stop or maybe use the closing price of my stop. It's slippage. It's a knee script, right? If you're gonna lose, lose on a knee script. Lose on something that you can control the price action. If you're buying CL up here after it broke out here, you're opening yourself up to a severed limit. Okay, so it's very, very important. If you're gonna lose, lose it off the bottom. Don't lose off the top. Again, very, very important basic lesson. IIVI is still like never confirmed. Tesla, again, what are you gonna say? I bounced Tesla several times on Friday. Off that opening move into the rising 60 minute support exploded. Off the rising five minute support, it exploded. And then finally in the afternoon, we talked about this 1090, 1095 spots. If they're gonna take this thing over 1,100, no better time than option expiration Friday and Tesla just went absolutely nuts. And again, how high can it go to the moon, right? Isn't that the necessary Wall Street price targets? Tesla just an absolute monster. Absolutely the damn thing we traded to 1130 after hours. Just a runaway train. Again, continue to buy these things into dips until they stop working. Yeah, actually the first dip we got off that 1074 level is really, really good. Google, again, continues to be a monster. Still really, really like it into this week. For all you guys who are holding over the weekend, 2943 second injury needs to build. Here is Google, right? Here is Google. Took out the 2943 and now it is one day away from taking out the earnings high of 2973 for the next leg up. They were coming for the 3,000 for the 3,200 calls short-term expiration. So I still like Google. And if all you guys are holding runners, great job there. Again, here's a perfect example of euphoria, right? GWF 1780, 18 needs to build. What the hell is GWH, right? What does it have to do with anything? But the point is, this is the market we have. So look at this move here, 1780, 18, stock almost traded to 19 and a half. And look how fast the move was, right? Look at this candle. You're talking about $1.50 candle on an $18 stock. That's where the market we're in right now. Stocks that are coming off the bottom, confirming intermediate channels are the ones that are putting up their really biggest potential moves. The video is such a rock star. Here comes Tesla, blah, blah, blah. Givo only went up like a dime or so, 12 cents. Five, not a bad move, a $1.50 move. Trade center, 198 build, traded like to 19 and a half. Takes them on the 200 on deck. Here comes GWH, 20 on deck, 1100 on deck. Yo guys, watch this Bitcoin ETF. Look at the chart on this Bitcoin ETF, B-I-T-O. It should catch up, right? If this thing can confirm this whole linear regression line next week, I have to assume it confirms. They started buying short-term expiration for the $45 and $50 calls. All it needs to do is just break this downtrend on the close and this Bitcoin ETF is gonna start waking up. So that's it, folks. Sometimes, again, you're just enjoying the fruits of your labor, but that's the point. Labor, labor, don't be complacent. Don't settle what the market is giving because the market is hot. Market turns on a dime and you have to be an adult and recognize this early instead of trading with eyes wide shut hoping and praying that the musical chair game continues. Guys, have a blessed weekend. I wish you guys all the best, some God's help. I'll see you all on Monday. Take care.