 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 giving your body. Welcome to another edition of the access to trader.com that we wrap up show hope. Everybody hopefully you guys had a okay day if you guys didn't have an okay day, hopefully guys stay safe. So, you know, look at the scoreboard right pretty pretty ugly indeed. 2000 points lower on the Dow Jones industrial average first time since 2008, which was the mortgage mess the whole Lehman, blah, blah, blah, financial Armageddon. So this is the biggest close right we had seven and a half percent plus one minus closes all across the board oiled down 24 25% slowest, you know, biggest move since like 1991. Right now 17 years old. So you got just destruction right absolute destruction. The numbers that we talked about yesterday on the video this 198 well if it breaks 198 we go lower. So everything was on the table right cases of Corona popping up everywhere. Anybody look anybody who talks is talking about there was no fear. It was fear today. Okay. And if that wasn't enough right if that wasn't enough we did something that we haven't done in a very, very long time, which you guys basically saw right at the open. The market halted for the entire market right the market halted for program program circuit breakers right so when the S&P falls down on 7% 7% or so circuit breakers kick in New York Stock Exchange holds everything right holds everything so the specialists could get kind of kind of control. Not necessarily the fear but control the initial selling kind of balance out the book. If there was a second right halt it would have been down 13% and the third time right there's three circuit breakers I believe is 20% 20% prior to 325 I think 325 330 so we have a lot we had a lot on the table today and the most amazing part was, you know, if you if you think about you know if you think about the word value just from the trading aspect of it you know we constantly talk about that's that's all we have. Okay we have our process we have our confidence if you don't have a process you don't have confidence. And if you know I kind of laid out the framework kind of the blueprint what I use in a bearer scenario type of situation we talked about you know we talked about it last night in the video on the weekend update and you know anytime like we cover anytime the market gaps down 500-600 in this case today we gap down what 17-1800 points we got that halt pretty quickly right pretty quickly the market halt that I think at 935 and it was halted till 949. Okay and if you look at my comments and just this is weeks and weeks and weeks and comments you're always going to have the value again when the market gives you an average range of exaggerated proportions just like we've had numerous times over the last several weeks especially we had today again you saw Amazon down 130 you know Netflix was down 27 Tesla was down like 100 and change so you knew at some point I kept on you know tweeting this over and over again because again I you know I want even the new traders again I understand it's scary right it's scary you don't know what the hell is going on you've never seen this before only two weeks ago everybody's pounding their chests talking about by the dip by the dip by the dip obviously you know that's all wrong. So you're kind of in a really rough spot and again the most important thing is this is what I said a day ago this is what I said yesterday when I saw the futures down 8900 points last night I said look tomorrow's business is usual okay everybody you know everybody sees you know everybody sees the same thing every single day in the live in the live webinar it's only scary if you don't have a process again if you don't have a process in a bull market in a rabid bull market you should stay away. That's why I said it's not the easiest part is buying and selling right clicking the mouse it's the easiest part the hardest part is clicking the mouse properly and I think a lot of new traders have been spoiled by this massive rally and now we're you know you're kind of you know taking your your hits okay because again unfortunately you don't know anything more than by the dip and again we you know we woke up today we woke up today everything was destroyed and you know I just kept on just making sure everybody was very calm and just said look there's nothing to be you know there's nothing to be afraid about about you know the market if you don't have any long positions overnight you're good just wait for these channels to develop just like we do every single day maybe they're going to be exaggerated but wait for these channels to develop let them confirm take your cash on the way up use break even rinse repeat rinse repeat and when you look at today's actually was actually a very good day I mean a very very good day and again yeah you came in long number one why are you long but number two again if you keep on fighting the notion that we are in a bear case scenario and again if you look at the cues and this is what we started talking about in the weekly chart three weeks ago right three weeks ago we talked about we were just in the middle of the range look how much more we have to go down so of course we can have a monster rally like tomorrow for example you know of course we can have a washout tomorrow and the Dow rally a thousand twelve hundred thirteen hundred points that's what's normal is right now that's what happens when there's a knee jerk reaction you know after thirty forty points so for example like you know so for example on the cues you got a high of two thirty eight right we're at one ninety three you're telling me the cues can rally back to two oh one tomorrow seven eight point nine point rally of course they can again this is going to give you opportunities so all you guys when we discuss this last time the video that are still trying to trade off daily charts forget about them they're gone daily charts that along size are dead what chart is quote unquote breaking out if you if you use the word breakout in this market you're so off that it's incredibly scary there's no such thing as a breakout not a bear scenario and if you're looking to continuously push the envelope to the downside eventually again if you've been writing to the downside it's a whole different story but eventually if today is your first night you're going overnight short just understand how bad the move could be to the upside again doesn't mean the market can go lower the next day the next day the following that because again yes look how much room we still have to go to the downside all the way down to the one sixty but again you're playing with fire in my opinion again maybe I'm a little biased but the only safe haven you have is trading ranges whether it's to the long side to the short side whatever the case may be at least you're controlling risk based on confirmation of a specific channel if you're going in overnight like for example if you go overnight time say well test is going to five fifty tomorrow maybe it's going to five hundred tomorrow maybe it will right maybe it goes back to seven hundred we don't know we're not in the guesting business we're not smart enough or arrogant enough to think that we know exactly what's going to happen tomorrow like today for example you had a destruction oil right yet stocks getting you know fifty percent haircuts and oil patchy MRO I mean all of them destroyed one by one you could go through drillers energy anything anything to do with oil got absolutely murdered today so again can they continue tomorrow absolutely right they could gap down and keep on going lower they could gap up and reverse and go back lower they could get washed out and go back higher we don't know we could be prepared for everything but we don't know and now you're starting to get the really really ugly ramifications kind of going back to the two thousand seven two thousand eight look at financials again when was the last time you see city bank right down fifteen percent this is down fifteen percent today not from you know not from the high city bank has been cut in half right can it still go down lower of course look at the low here look at the low in December when it was at forty eight dollars you're telling me tomorrow city bank can be at forty eight dollars right so there's a lot of pain there anybody who says the market today was seized still sees no fear you're delusional you're absolutely delusional or you're trading some two dollars stock of five cents there is a lot of fear but again it's not something that we've never come across that's the whole point that's what we discussed yesterday in the video it's if you've seen this before you've seen it multiple times whether it was during nine eleven or whether it was during Lehman in the dot com in the financial mess yes is this the best market no of course not but again you're trying to collect everything you've collected and experience over the last five six ten in my case it's almost twenty one years and you're formulating a rational opinion for the trading day and again if you're a new trader and all you know is by the break out there is no again you have two choices either figure this out the hard way sit on the sidelines or tell yourself look this is not my lane I'm okay with sitting it out it's not about ego it's not about the markets open it's all about my survival and if I want to be an aspiring professional trader five ten fifteen years from now okay I have to put myself in the most responsible way possible to make that happen and again if you look at today's trading the market had a tremendous trend again I said it's nothing goes straight down we had an absolute phenomenal spike absolute phenomenal spike once the market started trading again after nine forty nine eastern time these channels started to play themselves out and when they did super duper aggressive so let's talk about them guys let's talk about what happened today all these prices on the downside they never came close right all these prices on the downside they never came close so seventeen sixty five none of this so you can forget about all this all the value again it's it's it's it's it's rinse repeat all the value today was to the upside so let's talk about the upside guys so um tgna I don't think it remounted back to eighteen did it tgna I wasn't watching it tgna no never got up to not never got up to the eighteen dollar level seventeen ninety eight looks like the high but check this out I mean things got really really aggressive this thing never got up to fifty one so Tesla six thirty needs to build experienced traders only this was one of the biggest moves this and Amazon was one of the biggest moves of the day by far so here was the six thirty right here was everybody see this candle here here was a six thirty once this thing confirmed six thirty this thing put up a thirty five dollar move insane absolutely insane Tesla nuts shop four forty needs to build again not a big move on shop but again it's the same it was the same interval as everything else so here's shop right here's the three here's the four forty right here's the four forty needs to build shop went to four forty six right into supply again is it the biggest move in the world no but again it's cash flow it's really really good cash flow again Tesla take on the way up right again nobody saw thirty five point move coming again take on the way up shop four forty build take on the way up again we're waiting for chance to confirm you know we're not again scalp everything that's the whole point guys we need trading channels and you wait for them to confirm scalp everything Amazon again huge move on Amazon really really big up move on Amazon eighteen thirteen needs to build look at this move on Amazon here right here is the eighteen thirteen right here was the eighteen thirteen right over here right eighteen thirteen look at this first candle on Amazon went to eighteen forty nine this is a thirty five point move these are big big moves and one interval Netflix was good Netflix is a really smooth trade I traded right within fifty sixty cents at the top of the range which is good bought the three fifty build here was Netflix real nice move right here's a three fifty build right here here's a sneaky pivot right here three fifty build traded right to supply into this trade a right to supply here you know big move you know you talk about it you talk about a big big extension move on Netflix that was good as well so you can see these charts I mean once you know one after one one Amazon move and these things are all going one by one by one great moves sweet move NVIDIA NVIDIA was look how big the move was in the video okay just check out this move on the video two fifty two eighty two fifty three needs to build look at look what happened on the video here so right so here's the two fifty two fifty three area right NVIDIA literally literally went right here sorry right here two fifty three right two fifty three this whole channel here NVIDIA on one candle went to two fifty eight talking about a six dollar move on one interval again how much more do you want right like how much do you do you want out of these moves and the point is they were going one after another after another this one kind of sold all off late in the day this one sold off in late in the day and obviously never remounted this eighty seventy four thirties it just went straight down I caught Roku pretty well one oh one on that interval right here Roku again just a scalp trade but head look here is the one oh one right here was the one oh one right here right here is the one oh one right here hold on hold on one oh one no this is ninety eight what was the one oh one here it is here it is here is the one oh one gave a nice move gave a quick buck nice move nothing wrong with their cues look macro huge number on the cues ninety nine sixty six bulls need to reclaim again look at look at the dollar you had over a dollar move in the cues right so here was ninety nine sixty five right ninety nine sixty five these things you know it almost went to two oh one big move on the cues again you don't need to be perfect just watch the intervals and watch them confirm just scalp everything again still valid right still valid on the move to one oh one the video is still valid and they both exploded right they absolutely both exploded I said on the video two fifty five potential went to two fifty eight the video just exploded absolutely exploded cues here we go ZM never made it up there Roku I scalp that as well killer morning Cala wow talk about a big move on Cala Cala eight dollars if it reclaims can go look at Cala I mean look at the move on Cala guys eight dollars right here is the eight dollar move this damn thing went to eight fifty five and went to nine just crazy move on Cala big number to the downside right six twenty three big area if it builds below can flush here was a six twenty three on Tesla right here's a six twenty three on Tesla right here just destroyed got smacked as well it's trading all the way down right now to six oh six which is a big big move that so again super aggressive look if you don't trade channels you're not going to be exposed to this stuff okay it's just these are facts if you're trading off daily charts and waiting for magical reverses of magical things that's great and I understand I used to be one of those traders I used to trade off daily charts I haven't traded off daily charts as my primary focus in times of volatility the very long time and all these stocks of damage everything is oversold everything's in the middle of the range everything is damaged so you have to find areas of interest that you feel very very comfortable or risk define and trade accordingly for tomorrow again there's nothing on a watch list look am I watching the oils if they gap up right might want to take them green to red there's a thousand oils and drillers and all that stuff the banks the same way if they gap up and they go red you might want to short the banks if they wash out and go green wash out and go red open up down ten fifteen percent they start going green maybe start buying them red the green but again you're not going to formulate quote unquote a traditional actionable trading list because everything is damaged and the most important thing is don't overthink I'm just tomorrow game plan just like today if we gap down tomorrow right gap down tomorrow the values to the upside if we gap up tomorrow the initial value will be to the downside and again if the Bulls want a stage kind of a dead cat bounce relief rally and go back a thousand two thousand points tomorrow it's all on the table so you have to be open minded for everything but again don't guess don't predict okay just don't anticipate wait for the confirmation guys God bless and I will see you all tomorrow congratulations for putting in the time to take control of your trading your 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