 Starbucks, even though Starbucks I will trade, but again, it's not something that I go, wow, this looks so good. So tomorrow, again, trade with caution, okay? Will there be something like that? 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 evening everybody. Welcome to a Thursday night edition of the Access of Trader.com nightly update show. I was debating whether to record a nightly video tonight, only because I'm just so tired. I physically crashed around lunchtime or so, so it's gonna hardly, it's really hard for me to kind of echo what I'm feeling, right? And at the same time, kind of get my point across, but I'm trying to fight through it. Really good day today. I think this is probably, again, one of the more aggressive markets that I have traded today, traded in my career. What I like about today's session was number one, the market didn't give back any gains, okay? Even the names that had the biggest runs yesterday in the queues, the Amazons. Yes, they gave just a ridiculous move. They were down, but not overwhelming. Netflix that had this crazy, crazy run. Again, put it in an inside day, and you could go through all of them. Facebook put it in an inside day. Microsoft, actually it was even up today. I totally forgot about the, nevermind. I totally forgot about the TikTok thing. We'll get to that in a second. So I like what the market did today, okay? I really do. More important, what I like with the market did today it rested, it structurally was good. And again, the theme of this week is when a lot of the beta names weren't participating, were at least stuck in the range. And again, it is very conceivable that, maybe they have one more res day tomorrow, okay? It would actually be very, very healthy if they did in a weird way, even though again, we are trading day to day and that's where our opinion lies. From the structural point of view, I would love to see pretty much all of them just kind of rest, okay? Tesla is going bananas ahead of their split. Nuts, just an absolutely crazy stock. Microsoft is rallying. Beyond had a really awesome move today. And we were talking about the stocks that were playing catch-up. We had them today. We had those names today. And those Disney's that we covered yesterday. Beyond finally woke up, technically confirmed behind that morning PR. So it was a good, good solid session. And if you are a bear, for example, again, the frustration level must be up to here. Even when they attempted to take Tesla red today, okay? And this was just that gives you, just to show you how aggressive this market is. They actually took Tesla down to red before they jammed it back up almost 100 points. So the frustration for a permanent bear, I get it. You're fighting logic. You're fighting rationale. But you can fight both of those things, right? Just don't fight price action. That's the most important thing. Going into tomorrow, this is kind of where people, this is where kind of people get into trouble. And we'll get to Pivots in a second. There was some really, really aggressive Pivots today. But this is where kind of people get into trouble. And I want to kind of shoot a little piece of advice. When you have a very strong week, like we've had Monday through Thursday. Okay, tomorrow is obviously Friday. It's very, very easy to start sipping your own Kool-Aid, okay? Believing that you are Teflon, nothing could hurt you. The market is going to continue. Always remember, history always repeats itself. This is the way my mindset was in 2000. Nothing is ever gonna change. The internet craze is gonna be phenomenal. We talked about this yesterday on the video. Again, it could end at any time, okay? The only difference now between where I am now, where I was 20 years ago, I actually know this is real, okay? And the moral of the story is, I said today, at some point in the day, at some point in the morning, I said, look guys, this is where FOMO is at historical levels, okay? Keep giving them stock, keep booking your profits. The market is just not gonna turn around and tap you on the shoulder and say, hey, we're gonna pull the plug. And if you saw what happened in the middle of the day, ridiculous rug pulls, right? Tesla went down like a hundred, Amazon got murdered. I mean, these are some murder candles, right? Like really, really aggressive candles. Even the stocks that were crazy strong to it, like beyond, right? Crazy move up and then crazy move down. So we saw an aggressive rug pull. And again, if you believe that it's not going to affect you, trust me, it's going to affect you. Again, with experience, you kind of start getting a defense mechanism. And the moral of the story is, I stopped guessing where the market was, and I kind of reiterate this point over and over again, because I'd like it to get into the subconscious of especially the new traders, but we're not trying to guess what happens next week. I don't know how Tesla's gonna react off the split. I don't know how Apple's gonna react off the split. We don't know, okay? We don't know. We don't know what's gonna happen tomorrow, okay? So the plan for the day is literally planning for the day. And this is where kind of the discipline comes in. And when you have a very, very aggressive week, you could continue to trade the same speed. And you guys have been, for all you guys who've been watching this broadcast for a very long time, I kind of talk about shifting gears. And when I looked at charts tonight, you know, I like a few things, right? I don't love anything. I think we've gotten served four days of aggressive face cards. You know, the jacks, the queens, the kings, the aces. You know, maybe we can get a, you know, a 9-10 offsuit tomorrow, right? I don't love anything. And that's where your discipline comes in. This is where you put on your big boy, big girl pants, okay? This is where you put your responsibility hat on. And this is where you have to, again, learn how to shift gears. And the traders who learn how to shift gears earlier on in their development, they're the ones gonna be more poised. They're gonna be the ones that are more patient, the more responsible. And their careers, more chances they're not gonna be more extended than the person who says, ah, this is a bull market, just buy every single dip. Again, remember, the dip got bought today because it's a good market, okay? The dip is only good when it works. Remember, Wall Street is the only business in the world. I've said this for years. When things are on sale, people don't wanna buy. So remember, buy the dip only works when the dip works. And when the market goes from linear to buyer strike, to distribution, and it doesn't look any different to you because you're a new trader and you've never seen this, there are going to pull the rug. They are, just trust me. All you need to do is look at any single market for the last 25 years. Even the most aggressive bull market that we've seen, we've watched this broadcast. You heard me talk about blow off tops, inverted hammers. There's very, very aggression to the downside as well. Again, nobody's calling for anything crazy tomorrow. Hell, I don't even know if we're gonna be down tomorrow, but it's just something that I just don't love for tomorrow. Are there some ideas that I like for tomorrow? I mean, yeah, Starbucks looks okay, right? Starbucks looks okay, it held up fairly well. CRM after yesterday's really, really aggressive day, is setting up maybe for another run. It looks okay. Again, it looks okay. There's no trades out there that I'm looking and I go, wow, this looks awesome. Look at Roku, three weeks of distribution. This looks amazing. There's nothing out there like that, right? There's just a bunch of trades that look okay. You know, look, it's like jazz. And again, if you put it this way, if you know the way I operate, and I'm talking about jazz, right? And I'm talking about, for example, Starbucks, even though Starbucks I will trade, but again, it's not something that I go, wow, this looks so good. So tomorrow, again, trade with caution, okay? Will there be something that pops up, some sort of TikTok news, some sort of this news, some sort of that news? Of course, we always get something, but going into tomorrow, and last week, and Monday I said I have no expectations, and I was trying to bell-check the market, I literally have no expectations for tomorrow. Again, you don't need to trade. Remember, we trade because there's value, not because the market's open. And again, there will be some value. There are some names that I like, but am I going into tomorrow and saying, wow, I can't wait for Friday? I wouldn't say that on a normal day, let alone I'm getting less value, and I'm holding on to basically an eight, nine offsuit. So today's session, very aggressive, okay? Once again, very aggressive. It played out like we talked about yesterday. The only thing that screwed us, okay? Now let me show you the pivots. The only thing that screwed us this morning, the play this morning was literally anything that opened red, right? The stocks were very, very big moves yesterday. Amazon, Netflix, CRM, like everything, all those names, right? Everything was down pre-market, and then Powell started speaking, and around 8.30, everything went green. And I was like, oh God, it just completely messed up the trade. Like Amazon went up like 15, 17 points. Like everything messed up the trade. I was like, wow, this really sucks. Well, let's go to plan B. And then next thing you know plan B, we start looking up and you go, oh, Square got upgraded. Okay, we know what happens in this type of market when a stock gets upgraded. We started watching and I go, oh, BYND, there's a PR. Remember, we've been talking about that 130 level on BYND for a very, very long time. Again, was this the biggest news in the world? No, but again, in this market, it's a shoot first to ask questions later market. Nobody cares about the actual PR anymore. When a technical level gets confirmed, usually good things gonna happen. So a lot of my game plan for this morning got really, really compromised. But again, when you look at the pivots that actually triggered and then confirmed, they did incredibly well. And again, that's the point of this type of market. If you miss your window on something, more chances are not something else will come. The only question is, are you going to be responsible? And that's kind of like the point of tonight's session. Responsibility for tomorrow, shifting gears, taking down tier size, maybe trade a little bit less, trade a little bit less size. Are you going to be responsible enough to say, okay, look, half my game plan got torched into flames. Let me chase second and third tier plays or let me wait. Again, the professional adult trader, and again, adult doesn't mean you're 55 years old. Adult could be you're 21 years old, but you have the foresight to understand what's gonna happen if you trade irresponsibly. And today turned out to be incredibly good. I mean, incredibly, incredibly good. Let's talk about this. I was watching from the video. I thought this was one of the names that could have woke up today, and it didn't, okay? I liked that 515, 516, 50 area never got close. Remember we were talking about Disney last night? Disney looked incredible. The 135 call buyers came in yesterday. The 140 call buyers came in today, and Disney exploded. I mean, for Disney to move like it did was pretty damn good. It went from 133, went all the way to 136 and change. Everything got pulled. But again, really great mover on Disney. Man, I've been watching this NET 40, 50 level. Still not there, but I'm watching it. I'm still watching it. It's almost like a scenario of Roku. Eventually it will build over this 40, 50 level, but again, here's me still watching. Chewy never got to the 49, 50 area. Here is a perfect trade. I caught, you know, Square. I caught some Square. The only thing I'm really a little bit irked about on Square, it didn't give the potential trade with the Roku did the other day, or some of the other names that got upgraded. So here was Square, that 59, 50 area we talked about, right, got upgraded, and it went to right to the Bollinger Band, or maybe a little less below the Bollinger Band to 61, 50. You know, put up a move, and I sat there and I go, well, maybe next candle confirms it goes higher. So I took a scalp on Square, and then it just kind of died on a vine. I can't explain to why, but it died on a vine. Maybe it was just kind of like, you know, took its cue from all the other betas that reversed, maybe, but when you get a, you know, when you get a golden sacks upgrade and you're in this type of environment, you kind of expect a little bit more. So a little bit disappointing, but again, as I say all the time, let your worst trade be a profitable one. 510 on Apple needs to build, could run ahead of earnings. Again, didn't get the 510, okay? Just didn't get the 510, which sucks, but it didn't get the 510. CRM and Watch, Red to Green. The problem is, it went Red to Green after I logged off to 230, and it actually ran up about $6. I still like it for tomorrow. I don't love it, but I like it. I like it, you know, I like it, especially if you're on a rising dip, maybe it goes Red to Green and confirms today's price action. Okay, we'll see. Amazon, again, kind of messed this up on Watch, and Red to Green pre-market. It ran up above this level literally. It was up at 17 points pre-market. I couldn't get a piece of that. Netflix, again, same thing. Never went Green. Facebook on Watch, never got there. This was definitely an awesome move. BY&D, I got long at the 130. I knew that 130 was a big spot because when you get a catalyst, okay? When you get a catalyst and it confirms a daily supply, it's usually good things gonna happen. I thought it was gonna get the 34, okay? Damn thing, went to almost 39. So here's the 130, it was actually 129, 60s, but I always buy the whole number. So here's the 130. It exploded past the 134 and went to 138. Awesome, I mean, I was happy with the trade. I was definitely happy with the trade. Again, here's another scenario just like Square. Peloton got upgraded. Think it was by Goldman Sachs. Oh, excuse me, Square got upgraded by Mizzuho. Mizzuno, Mizzuho, whatever that's called. Peloton got upgraded by Goldman Sachs and $96 price target, never confirmed. Very, very odd, very, very odd indeed. So excellent move on BYND, nice move on Disney. FSLY, I caught really, really well. 93, 75, 94 needs to build. Again, we've been talking about FSLY for a couple of days. Yesterday we talked about on the video how they were coming for the $105 calls. Today they were coming for the $101, $125 at some point. So I got long above this area here, this 94 and just absolutely exploded. It just missed a hundred bucks but really, really good looking chart. Again, something we have to watch again for the next couple of days. Just a big move there. Again, I go here, here's a hundred weekly call buyer comes in and traded right to a hundred. Now, here is the most oddest trade of the day. I didn't even know Oracle. I had no idea Oracle even existed. The last time I traded Oracle it was like 2,000. I go, what year is it? But the idea of this market right now it gives you themes. So Microsoft came out with news this morning that they were gonna possibly put in a bid for TikTok. It exploded. Next thing I hear, hey, Oracle's about to put in a bid for TikTok, 20 billion. Okay, let's buy Oracle. Again, what year is it? What am I buying? Juniper, Corning, Nordtel Networks, JDSU? Where are we? Right? So I bought Oracle. So I got long Oracle. I actually bought a red to green but it needed a 560 confirmation. So I put in the Twitter feed. So we got long in the 5750 break and my last sale, I think it was like 5820s, 15, something like that. So really good move. Again, it was shocked. I kept the wrong. It got broken even on the balance but hey, beautiful trade. Oracle of all things. Oracle, a hundred and deck on FSLY. Again, the action is just amazing. Just an absolute amazing action. 3447 needs to build. We got the 346 and every even came close for confirmation and everything sold off as well. So very aggressive, solid week. I'm very pleased with the action. I think tomorrow we have to kind of scale back. I do, unless I'm gonna be very pleasantly surprised and something wakes up that we have alerts set for or is some option flow or something but we have to do our very, very best to understand that this is the long game. We're not playing for the day. We're playing for our career. Guys, have a great night everybody. God bless, have an awesome Friday. Have an amazing weekend and let's live, right? Let's live. Have a great night guys. Take care.