 Welcome to Access to 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 to be here, buddy. Welcome to another edition of the AccessToTrader.com, that we wrap up, show hope everybody is doing well. Just a quick announcement before we kind of go on, obviously a lot of stuff is going on. So many headlines just in the last 24 hours that just having your head spin, you're almost kind of losing track of what day it is, but there are rumors going around that things get much worse, which again, they absolutely can as far as the spread of this virus. I think the mayor of New York City issued some sort of state of emergency. So there's rumors going around that they actually might close the floors of the New York Stock Exchange on the AmEx. The fact that everything now is digital and there's off-sites and everything in between. But if there is some sort of like stoppage and trading for any day, and again who knows if there is or won't, but if there is, what we'll do that day is I'll send out a link to the public and for all you guys who need some help, whatever the case may be, that day we'll have kind of like a town hall meeting, I'll try to help as many people out as possible. So kind of look out for that just in case, just in case, because we do, again, at the end of the day, we want to make sure that everybody is in the right frame of mind and the most important part is even though if the market will be closed at any point, and I personally think I think the market should just for everybody to kind of get their feet under them, to kind of take care of some affairs, but if there is a day that there is no trading, we'll definitely do something for you guys to just make sure you look out for that. So let's talk about it, right? 24 hours of craziness, yesterday a big sell-off, okay? Everybody was waiting for Trump's kind of two cents of what is going on, what their plans are, and I'll tell you, it looked pretty bad. He came on nine o'clock Eastern time, it kind of looked bad. He looked kind of all choked up, whether he was very uncomfortable reading the teleprompter, whatever the case may be, just it didn't look right, didn't really give a lot of answers. He did provide some information about a travel ban, okay, in Europe for the exception of the UK, I believe, again, yesterday feels like four months ago. So I apologize if I don't have all the details, but it just really didn't sit great with the market, really didn't implement anything that felt good, and the future started selling off, we were down a thousand points last night, you know, overnight. Again, you saw another, you saw another curb program trading halt at the open for 15 minutes. This is the second one we had recently, and slowly but surely, you started seeing, you know, more and more headlines of how it's, you know, how this virus is affecting mainstream, and you see, you know, just a matter of time that you saw, you saw last night Tom Hanks and his wife talk about, well, they got tested positive while they're in Australia, you saw the Utah Jazz, right? You saw Rudy Gobert announced that he was positive, which David Siller, the NBA Commissioner, right away suspended the season this morning, you saw Donovan Mitchell, same team, so you're gonna see a lot more of that because everybody's playing each other, everybody's touching, you know, hands and all that stuff, so you're going to see a lot of that. So again, you know, unfortunately, that's just where we are right now, and you know, this is not gonna be, you know, this is not gonna be, unfortunately, taking care of right away. This is something we're gonna have to live with. I believe the UK, a representative of the UK, said they believe there's not gonna be any type of resolve, at least for another, you know, 10 to 15 weeks. And again, at this point, I think all of us would, you know, take, you know, would almost sign up for two months worth of a kind of a blow off top into this virus. So a lot of stuff is going on. You saw this afternoon, the Fed came in. This is like literally when I was at lunch, Fed came in, injected, and I'm literally reading all of this, $1.5 trillion in liquidity, and the market rallied. The market was down 2000, rallied to down 900. And then again, the virus basically super trumped, you know, no pun intended, but it trumped any headlines of the Fed and we closed down 10% of the Dow and everything went down with it. And again, you know, I made this statement that, you know, I think a lot of people, number one, I'm not in the camp of the whole, you know, doom and gloom. This is the end of the world. You know, I said this many of times, you know, we've survived 9-11. We survived the financial crisis. We're gonna survive this. Okay, we're gonna survive this. But the key is to educate yourself what to do, what not to do. Again, don't go into crowd theaters. Don't go into, you know, anywhere that you are going to be, you know, exposed to a lot of germs. It's just not worth it. You know what I mean? It's just not worth it. You know, wash your hands. Just your hygiene should be on point. Shower as much as you can. You know, you're seeing a lot of school closings right now. I'm pretty confident in my kids' schools. We done next week for a while. I'm pretty confident to say that. So again, just take care of your business at home. Okay, it's the most important part. But from the trading aspect, again, like we talked about in last night's video, do what's working. And I said this last night, you know, I go, for me, the value is I'm not trying to, you know, not trying to be very, you know, very exotic here. I mean, for me, I want in a weird way until this virus just kind of, you know, plateaus or flat lines. I want, you know, for me, values on the downside. I mean, the downward opens, you know, anytime I see a downward open, especially with any type of fear, 300, 500, 900 points, you know, we've been saying this for days and days and days and weeks and weeks and weeks and weeks, the values always to the upside. Again, we said that this morning. We said that yesterday is a day before. And that's kind of my plan is and that's with the course of action because we're getting at least two or three really aggressive waves in the middle of the day that are giving good channels to the upside. And all you need to do is catch a couple of these things and you're and you're good to go. But the one thing that I started thinking about today was was what I was thinking about during the financial crisis. If you guys remember, a lot of people lost their jobs, right? When Lehman, you know, everyone, you know, bear went under. A lot of people just lost their jobs, lost their homes, lost their jobs, and nobody was hiring. I mean, really, it was just kind of like the credit markets were frozen. Dammit, you couldn't get a library card. You know, forget about credit card, you couldn't get a library card. And a lot of people who didn't have jobs, they kind of they were a magnet to the stock market. It was like they're natural. They're, you know, it was like they're kind of natural indication of where they should go. Because again, if you can't get a job, you're gonna create your own job. And there was a lot of really new traders that came into the market out of out of desperation, because well, this was the only place of this and maybe, you know, gambling on sporting events. But this was the only venue that they could have actually sit down and try to create some sort of, you know, try to create some sort of value, some sort of income for themselves, because there was no hiring was a hiring freeze in every walks of aspect of life. And it was very, very hard. And when those traders came into 2007 2000 2009, they became, and again, I don't mean this in a mean way, but they became food, right? They became food for professional traders. And what I mean by that is because they were coming in with such desperation, because they couldn't get any income in other places. This was their shot. This was their Hail Mary first play of the game to not only, you know, only make money to make some some real money. And obviously, we know how the story goes. When you trade out of desperation, you're going to have desperation type of results and it usually never works out. And I said it today on social media, and I said it today throughout the, throughout the webinar, that I feel like this is such an important time of our lives, even at this stage of my career, you know, 2021 years in, you know, this is an area that we are really trying to educate ourselves and putting ourselves in a position that we can take advantage of the new right, the new desperation, the new people who are who can't get a job who are losing sight of, you know, real time liquidity and their assets are being depleted. And the moral of the story is they're going to get in and the more times that you are putting yourself in a situation that you are seeing the market for it is kind of finding your niche to kind of navigate day in, day out. It's a very, very good opportunity that when the new round of people, okay, when the new round of people enter the arena, they become your food. It's not, I'm not saying that in a demeaning way, I'm not making fun of anybody. This is just the reality. So what you're learning now and again, it might look like the end of the world to you, this is the absolute worst thing that could happen to you. But in a weird way, this is the greatest thing that could happen to you, because you are seeing market structure for all its purposes. And for anybody who's been trading the markets for the last 10 to 15 to 20 years, they'll tell you, of course it's terrible. Of course we all want a bull market. But there's ways to take advantage of the food, right? And that's the most important part. And unfortunately, with this new round of people entering the arena, if you're trading for a year, you have a big leg up on them. If you're trading for five years, you have a huge, huge, huge leg up on them. And if you're trading 10 to 15, 20 years, you kind of know what to expect. So it's critical. It's absolutely crucial, even if you're not an active participant right now, on the day to day market, understand what is happening, understand the market structure, why it's failing, understand the massive catalyst, what's taking a lot of people's assets and pretty much sending them the hell in a handbasket. Understand all this, because if you can wrap your mind around everything that's going on, eventually when things kind of flat line, and we start to learn more and more about this again, this is a very, very first level, first inning of anything that's going on with this virus. We need more information to understand. But finally, when we really start to grasp exactly what's going on and they finally knock on wood, cross our fingers, find an anecdote, the market's going to start to plateau. When the market starts to, excuse me, the market's going to start to bottom out. When the market starts bottom out, eventually bad news will get embraced and engulfed. We're just not there yet. And again, the most important part, guys, figure out every single part of this market. Order flow, option flow, the days to push, the days and not to push. Just understand this is a cash flow market. Nobody's looking for that home run trade. Again, if you come in short overnight, you know, every night you have to kind of open up your eye at the open to see where the futures are. And if you hit, you hit big. If you miss, you're going to miss big. But again, I'm not there. It's not what I want to do every single day. I have a very specific plan. I wake up every morning. I see the market. If the market's down 500, 600 points. Again, this is a kind of a broken record. I'm just waiting for these channels to develop in the beginning of the day. And once they confirm on any type of spike in the future, all I'm trying to do is get as much cash flow as possible and get the hell out of the way. It's a rinse repeat, rinse repeat, rinse repeat type of scenario. So it's very, very important. Again, you see the NBA season suspended. You talk about Major League Baseball postponing opening day to at least two weeks. And now, again, I forgot if it was actually put to bed, but I think March Madness, people are saying, oh my God, what's going to happen to March Madness? Guys, we don't need March Madness. You're trading in March Madness. It doesn't get any madness more immense than this. It doesn't get any crazier than this. So just relax every single day. Whatever type of trader you are, just relax, breathe. You don't need to trade every single day. You don't need to watch the market every single day. The most important thing is take care of your family, wash your hands, make sure your house, your home is in order. The market will always be there. Just make sure you're taking precautionary areas to be safe. So pretty aggressive day today. Okay, pretty aggressive day today. Good value. Okay, really, really good value. Let me just give you guys an idea where we started from and where we finished. So yeah, yeah, so again, we woke up this morning, woke up this morning again, value to the upside again. It's a broken record. But again, when the market gaps down, your value is going to be the upside. Stay patient, wait for the channels to develop and strike with a calm, right? With a calm and confidence. Okay, take flow on the way up. Use break even as you stop business as usual. Again, it's very, very aggressive. It's very scary. But if anybody's been trading for a long time, you know, again, this is just something that you signed up for it when you're trading decade by decade by decade. So again, it's nothing crazy. So I know again, 1115, 1120 needs to build again, scalp only, again, not looking to reinvent the wheel here. So here was the 1150 60 minute channel, right? Here's his love the 1115, right? Excuse me, we're here 1115 1120 channel. And again, it went almost to 12. Again, is this the biggest move in the world? No, but again, if you did trade it, I didn't trade I know this is just not my thing. But if you did trade this thing, you know, gave you a casual push again, take your money use break even as you stop and just move the hell on nobody cares. So that was fine for you guys. It took it on Netflix was a was a big move here. Here's the most ironic part about Netflix. I got long Netflix off this 331 initially I put 330 but 331 was a little better. And I turned around and I said, I didn't realize how big the spread was when I bought it. Okay, because everything was moving so fast. And when I looked up, I go and I said this in the room, I thought I said it in my own head. I turn around and I go, holy Netflix has a dollar spread. And I got pretty, you know, I got pretty nervous, you know what I mean, I got pretty nervous. Because again, I said to myself, I was already preparing for like a $3 loss. And the future spiked up and the stock started spiking up. I made some money. I mean, it went to like 35 and change. I got out way, way before that. I was just happy to be out. With sometimes when you see the market moving so fast, these spreads, I didn't realize until I bought it was like a dollar spread. I almost had a heart attack. But again, some cash flows better than no cash flow. So that was fine. Roku I scalp this as well, 85 needs to build. Nice spike. Nice spike on Roku gave a quick trade. The first move, again, I know there's a lot of downward channels, but there's here's the 85 spike here. Once it broke 85, it did go as high as the 86 63. So that was fine. I took it for scalp there as well. So yeah, take on the way up, you know, for Netflix, Roku needs to build again, take on the way up. This was actually a trade of the day for me before Apple completely lost this lunch and went just got destroyed. Here was the trade of, I mean, at least for me was this is the trade of the day. 259 needs to build. Here was Apple. Again, we were just looking for these upside ranges. Here was the 259 right here, right? Here was the 259 right here and this thing explode. Excuse me. It was right here. Sorry about that. It was right here. 259 was right here. Apple put up like a three and a half dollar candle. I mean, it was beautiful. There was nothing wrong with it. I took like 359. I took about a dollar 80 on the highest print on the highest prints. I was tickle pink. I was very, very happy about the trade. It went up another dollar. But again, it is what it is. And then Apple just, just, you know, by the time I was gone and yeah, it did all this. But again, we're not looking to, to guess the, you know, we're not looking to guess the highest price of the day, man. We're just trying to win our interval. And now is the obviously the interval to win. Big, big move there. Again, nice moves, guys. Again, and I said this to anybody in the live webinar, you know, experience is the most important thing. Okay, this is not a, you know, this is not something that a 22 year old kids were trading for two years is going through. This is, this is something, man. Unfortunately, when I say I wouldn't wish my experiences early on in my worst enemy, this is because I'm really telling you this is exactly what happened. So I never celebrate the market. I never celebrate my existence. I'm just trying to show everybody what not to do. And this is an incredible point of experience over everything right now. But, but again, it's just, it's an incredible market. It's an incredible market and not in a, in a good way. It's just an incredible market and aggressively. Amazon, it didn't work out. Amazon 1745 only went up three points before it got destroyed. So there wasn't anything there. The video got destroyed. Congratulations to all you guys who did taking the video 22860. If it builds below it can flush. Here was the video just destruction, absolutely destruction in the stock. So here was the 228 right here, the sneaky candles 22860. And once it broke down 22860, I mean just just destroyed. I mean just absolutely destroyed on that. I by accident put the Netflix pivot on the regular feed. If you guys saw that, I put in a Netflix pivot. Accidentally, I put it on my regular feed instead of this one. It was like 260. If you if you go on my Twitter feed, you'll see it. I'll show you in a second. I put the wrong. I just put the wrong price. I put it into the wrong account. 264. I believe it was 264. I'll tell you the price right now. Where was it? Where was it? Where was it? 264. Yeah, so here is I'm sorry. 324 65 area. If it builds below can flush 324 65 and it just got destroyed. Here was Netflix. Here's 324 65 below this low level here just destroyed. Absolutely destroyed. It's a great job for all you guys who took that as well. Let me go back to my private feed account. Okay, let's see here. Let's see here. Let's see here. So yeah, I mean solid morning. I mean really, really solid morning. You know, good stuff. Again, you know, here's a person again, not all this gentleman is I've never met him personally, but again, you know, this guy again, 10 for 10. It's pretty damn good, right? It's pretty damn good considering, you know, you still in an infancy stages of training this again, pivots are very, you know, they're very cut and dry. Yeah, there's a top of the channel, the bottom channel. There's a middle of the range. So you're trying to omit a lot of the noise. But the most important thing is you're trading under control. And again, the game plan is very simple going into tomorrow. It's the same thing. You know, it's basically the same thing. Again, there was another pivot. I quit the end of that when I came back home from lunch. I saw the end of this move here 85 20 went to like almost almost 87. So again, just keep scalping guys keep scalping. And I said this, I said take on the way up. No telling how long this market will last. And I go see what I mean. So the most important thing is again, guys, I put this on the Twitter feed. And I'm kind of sharing with you guys again, there's any stoppage of trading days in the future. We're going to send out a link to this the zoom hosted webinar that I host. And if anybody has any questions and comments and psychology and he fears, I'll be more than happy to help as many people out guys. God bless. Stay safe. Wash your hands. Take care of your family. God's help will see you all tomorrow. Take care guys. Congratulations for putting in the time to take control of your trading. You're one step closer to owning your future and achieving the success you desire. Want daily trade ideas directly from Dan straight off his personal watch list. 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