 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 another edition of theaccesatrader.com. Nightly wrap up show, everybody is doing well. As the old adage says, same crap, different toilet. It's just kind of a rinse repeat now every single day. You see now back to back days, Dow Jones down, back to back days, 300 points. All the money flow right now is literally going into the tech beta space this morning. I forgot what the analyst it was, downgraded the tech names. Nobody cares. I mean really, really nobody cares. Amazon ever since it broke out, you know, broke out of this 25 and a quarter area a couple of days back. You know, 2700 crowd that would peppering would calls over and over and over just again just really paid off there. Google that broke out yesterday off that 1450 level, went to the 1480 again, all in line of where these call buyers were coming from. Tesla, I mean what are you going to say? Wedbush kind of put the last dagger right in the back of the bears, $1000 price target this morning, you know, stocks 1025 now. Just the monsters, an absolute crazy move and again at some point and again I don't want to be, I'm not that guy who says, look bears, I told you so, look bulls, I told you so, but after a while, I mean you really have to just turn around and say, again if you are, if your bearish thesis continues to be that Tesla is a zero one day, again at what point do you turn around and just say, look man, I'm just wrong, right? I'm just wrong. At 350, you were wrong. At 500, you were wrong. At 600, you were wrong. At 700, you were wrong. Elon Musk said the stock is overpriced at 700. We're now at 1000. It's like to the point of how many more excuses can you turn around and say, well the stock, I still think the stock goes to zero. It's again, it's like the Golden State Warriors playing without Clay Thompson and Durant last year in the finals and said, well if we had Clay and Durant, we would have beat you guys, but you lost. But if we had Clay and Kevin Durant, we would have beat you guys, but you lost. If my aunt had, she'd be my uncle. So the idea of this market really putting people in their place really shows you can't put yourself in a corner. I don't care what stock it is. I'm just kind of using Tesla as a centerpiece here, but again at some point when you are trading and again I don't care what time frame it is. It could be on a 30 minute channel, on a 60 minute channel, your time rises three months, three years, whatever the case may be. Being wrong is part of the business. Again I think when you start looking at being wrong versus being profitable, that's a completely different conversation and I think again, I've been saying this for years, I think the ego really comes into place. It's more important for somebody to try to convince everybody, look, I'm smart, I promise I'm smart. I'm not that dumb guy. I'm not getting it wrong. It's just a speed bump. I think the idea of trying to impress people instead of keeping your account solvent is a conversation I think a lot of traders really need to have with themselves. And again, we continuously see the same thing. Again, it's like video after video after video, same excuses everybody has. The market's overextended, the market's overbought, these stocks can't go higher. Look, just look, just look. Again, if we had Clay Thompson, if we had Kevin Durant, we would have won. But you don't. That's the whole point. You don't have normalcy. You don't have rationale. What you do have is one of the more incredibly aggressive markets in my trading career. And again, instead of sitting there trying to complain, trying to make excuses, enjoying the misery of why you can't get things done, again, just take it for face value. Again, trust the price action. The price action will make you right. Again, you don't need to think about what's going to happen three months from now. We don't know, right? We don't know. Like for example, I brought my daughter around 230 years or so. I brought her to school. She dropped off her books and then we picked up, right? We picked up more books for the new year. And again, it's basically uncertainty. The teachers are basically telling us we don't know what's going to happen in September, October, right? When it's time to go back to school. So here's some books, right? Here's some books just in case. So again, we don't know what's going to happen two weeks from now, three weeks from now, a month from now, 30 minutes from now. We don't even know if we're going to be alive 30 minutes from now. Again, concentrate on the present. We can't control the future. You could control the present. And again, instead of moaning and griping and complaining about it, the most important thing is again, embrace the price action depending how you trade, whether you're an option trader, a futures trader, a position, swing, scalpel, whatever the case may be, make sure it applies to reality. Not your reality to the reality that we're getting. So again, market is in full blown, crazy mode. Again, I came into today's session just like we talked about yesterday in the video. I was cautious. I said, look, I'm willing to buy stocks, right? If the channels are confirming, I'm willing to participate. But you know what? I want to be a little cautious. 30 seconds after the open, all caution was gone. These things are again, complete rockets, all the names that we were watching for continuation coming out of the channels, the zooms of the world, then the videos of the world, right? They just exploded, absolutely exploded. And again, the market is just doing the same thing over and over again. They take the stocks that explode and the next day, rest them. So for example, right? Netflix had a huge move yesterday and rested today. Facebook had a huge move yesterday and rested today. Nvidia, right? That rested for a couple of days, exploded today, right? Exploded 52 week high, all in all. ZM that rested. Again, we talked about how it needed to reclaim the five day moving average exploded. Now it's one day away from taking out new highs too low, for example. Again, a long distribution, right? Finally got above this range and now it's striking distance of taking out highs. So this market is kind of on almost autopilot, right? The strong stocks are either going to confirm the previous day's price action and continue to go or they rest and they go the next day. Again, case in point here, BYND did exactly the same thing that Tesla did. I mean, literally this exact same, for the exception of the price action because they didn't get the catalyst today, they did exactly the same thing. Big gap up, next day rested just like Netflix did today, just like Facebook did today and the next day, which was today, it exploded. At one point it put up like a $6, $7 candle. So the market continues to do everything exactly the same way. It really is roots repeating both the bulls and the bears. And again, every single day, I turn around and say, this is not going to end well. Again, common sense tells us this is not going to end well. It's like kind of going into the dot com craze and you're in like the middle of 2000, you're saying this is going to last forever, yada, yada, yada, it's over, right? Just like that. So I think you have to appreciate the price action while it's here. I think you have to take advantage of the ranges while they're here. But more important, I think the most important part is again, I think you have to remove your ego. I think you have to remove your bias, whether it's long or short and kind of just go with the flow because again, eventually it will stop. Eventually you're not going to have a $60 range on Tesla. You're not going to have a $100 range on Amazon. Eventually, and this is bound to happen. Number one, gravity is real. Number two, every single run up ends exactly the same way. But if you are a new trader and again, people are making fun of these whole Robin Hood thing. I get it. It's new traders. Everybody's out of work. They're funding their accounts, yada, yada, yada, and they're chasing everything in sight and they're actually making money chasing insight. And the more I think about it was, what was the difference between what I was doing in 99 and 2000 and the Robin Hood people were doing now? I didn't know how to trade. We were all clueless. Anybody who tells you they knew what they were doing during the internet craze is lying. None of us knew. All we kept on doing was literally taking five, six, seven positions overnight. The highest close, the biggest percentage winners of the day and the next day, they would gap up. They would just gap up. So, we didn't know what the hell they're doing. So, the idea that people are coming on and making fun of the Robin Hooders, right? We were exactly the same way, okay? We were completely wet behind their ears. We didn't know what the hell we were doing. We thought was normal. So, somebody that's brand new to this market and is chasing everything in sight, again, history repeats itself. The only difference was, right? The only difference was this thing lasted for us for about a year and a half, right? A year and a half, 17 months or so, okay? This is lasting for about a couple of months. So, again, guys, be careful. Don't chase those stocks that go from two to 25. Don't do it, okay? Don't do it. You know, learn from people's mistakes because, again, when this stops and I'm telling you it will, the only question is, is it going to stop tomorrow? Is it going to stop two weeks from now? Is it going to start six months from now or a year from now? Eventually, it will stop. Again, giving back a day is okay. Don't give back your month. Don't give back your year because, again, you're trading with the blinders on. So, let's talk about today's pivots. Ridiculous, ridiculous moves. Again, number one, congratulations to all you guys who rolled up into the Tesla trade. I know a lot of you guys came in long overnight. Fantastic job. Again, I personally didn't trade Tesla today. Just there wasn't enough value for me. What am I going to do? Buy it a thousand. I understand it's 20, you know, $25 higher. There wasn't a value for me there. Big, big moves all over the place here. NVIDIA, again, this is the 52-week high, $367.75, $368 needs to build. NVIDIA just exploded. Really exploded. Again, this wasn't a sneaky pivot. This was just a macro channel confirmation. So, here was the $367.5, $368, and, you know, NVIDIA exploded. It went to $380. Just a huge move in NVIDIA. Monster move there. Facebook never confirmed. I'm still liking this setup here. Alibaba went a little bit late. $22.50 needs to build. I still like Alibaba. I still think it has room. It took out the $22.50, went to the $25. I still think it has room upside. The only thing, again, the only thing I don't like about Alibaba, if you notice here, a lot of these channels are contracting, right? Contracting, contracting, contracting, and then you'll have this one big handle, and then it contracts, contracts, contracts, one big handle, contracts, contracts. So, a lot of times, especially if you are an inexperienced trader, you're going to get chopped up in a stock like this. I think it needs a really clean path. I think this Bollinger Band needs to come down, and if it does, you know, you could get still a move to the $2.30s, but again, obviously the whole China trade war, Trump, China, you know, it does play a part in its plan. Roku, $1.15, $1.30, $1.15, $1.15, not a big move at all. Roku put up a buck, you know, not a big move. So, it took out the $15.50, went to $16.28. Really, really ugly reversal after that. Again, it's just having a hard time getting, really getting going here. This is a great trade. I took this trade perfectly. Perfectly. It exploded. The first move went to $2.13, came back in the second entry, $2.13, and ZM went absolutely nuts. Went as high as today, closed at the highs of the day today. $2.21 in change. Again, you could see that $52 week high is within reach tomorrow. So, big move. I mean, great move, guys. Great trade on ZM. Again, Apple continues to be a monster. $349.15 needs to build. Here was Apple. Again, just stocks are just exploding over and over again. So, here was a $3.19.50 and just exploded. All day grind, all the way to the $3.55 level. BYND, again, exploded, right? Again, these beta, just all the rotations coming back to these beta names, $155.75, $156 needs to build. Here was BYND, right? So, here was BYND. This whole $56 area just exploded. Went all the way to $163, which had got rejected off the previous days high. So, $7 candle and BYND. Again, these are all single candles are just killing shorts at these levels over and over again. Again, take on the way up. Huge Apple just going nuts, $353. Workday I still like. Again, some names are more macro. You can't trade every single stock. Workday closed right on this $183 level. Went to $185. Still, again, $52 week highs inside off this $187 level. So, a couple of bucks there on Workday. And I think that's it. Oh, also, we had tons of bounce plays. If you go into my Twitter account, okay, we had a great bounce on Boeing. Beautiful bounce. Boeing got killed the whole day today. I tweeted out this whole area here. This $197.60 was the macro support and the remount was great. We literally got long, long right on this remount stock just started exploding right back. So, that was good as well. But overall, again, this market is just top notch. If you do trade beta, again, it's very, very tough to look for issues. Again, you're going to have days like, for example, like we had last Friday, right? That beta just wasn't doing anything and that's, again, that what comes from the personal growth. That's when you learn to say, okay, you know what, today's just not my day. Not because I can't make any money because the things that I'm trading are not invoked today. But you know what? Tomorrow might be a new one and tomorrow started with Monday, continued into yesterday and obviously really, really continued into today. So tomorrow, again, I'm always keeping one eye open for any problems. But again, I'm watching Zoom and I'm watching Tulo. You know, I'm watching beyond. You know, so there's a lot of names that still could give us some pretty good gravity kick in. Guys, have a great night everybody. God bless and I'll see you all tomorrow. 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? Unlock our free PS60 vault where you'll get nightly updates on pivot opportunities we're watching for the next day's session. Click the link in the description to get started today.