 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. Happy hump day everybody. Welcome to another edition of the Access a Trader dot com nightly wrap up show. Hope everybody is doing well. So if you have to describe to one of your peers, your coworkers, your friends, you know, what was 2020 like, right? Like what was trading in 2020 compared to, you know, maybe 2019, which was a really incredible year for equity prices. But what what stands out about 2020? All you need to do is tell them two things. Expect the unexpected. That's number one. Charts don't lie. Sometimes they don't tell the truth as well. Number two, and all you need to do is kind of show them the price action. What we saw in Tesla for the last, they'll say in the last hour of the day. So if you look at Tesla and we'll get into the very, very specific pivot there in a second. If you look at Tesla, this thing literally swan dive 70 points off of a massive pivot, which is a big, big move down 70 points to the downside, followed by a 60 point balance and a nutshell that is 2020. And the most amazing part is just when you think you have it wrapped up, I get it. Right. I get it. I figured it out, right? Said no one ever. The only way you can have a clear view of this market and really try to explain it and break it down into like, to like a two year old, if you're literally smoking Angel Dust, right? If you're like on LSD something, something that is taking your mind, alternating your complete warped sense of reality and try to explain it to like, like a dog, literally sit there, explain it to like a dog. That's what the sense is in the market. But again, at the end of the day, you know, we're not paid to think. Okay, we are paid to, as they say every single day, collect data and react on that data. And if you look at the day I came in yesterday, well, today's session, 100% cell bias, right? 100% cell bias. And the most amazing part was about today's session, the market closed at the highs. Okay. But all the value was to the downside. Tesla, Facebook, Boeing, NIO. Yes, there was a couple of pivots to the upside. They were very, very strong. Ultimately, again, there's really great value. Okay, including today, today was a little bit more spread out. Okay, but the most amazing part is you can still be completely, I mean, really completely on the other side of your thinking, you can still get that value on the side that you're looking at. And when you look at the scoreboard, you turn around and say, how the hell did all this happen? Again, welcome to 2020. Nothing needs to make sense. You're as good as your last trade. What you did three days ago, three hours ago, means absolutely nothing. It's all about now. And when you look at this tape, and again, and I say this, you know, 5, 10, 20 years from now, okay, if we're all still alive and we're all still trading and have brain dead and not peeing ourselves in our Pampers, right? We're going to look back at this market and say, wow, can you imagine all the people who just sat there on the sidelines complaining and moaning and excuses and this and that? It's just amazing. You are missing. For those who are against cynics, for those who feel that this market is completely beyond the you know, beyond the realm of explanation, you're right. But again, to sit there on the sidelines, complain about it. There's nothing, you know, it's just a complete waste of time. Nobody cares. Okay. Number one, nobody cares. There's plenty of opportunity in this market. Even when you're wrong, you come in with your thought process. You're still going to get really good plays as long as you wait for them, right? As long as you wait, and as long as you don't, again, put yourself in a situation without taking B and C and D level setups. And again, today was one of those sessions that, again, started out slow. We were waiting for the, you know, pull. We were waiting for the pull and we get the pull, right? The Dow goes from up 250 points to down 50, so we get the pull. The problem with that pull initially was, and again, I want to show you, you know, I want to show you the diamonds. I'm going to kind of show you the diamonds, what happened here. So here's a 60 minute view of the diamonds, right? So these are all the candles of the day. So the market gaps up 200, 250 points, gets stuffed into supply. So I'm thinking to myself, remember from last night's video, inverted hammer, inverted hammer, inverted hammer, inverted hammer, sell, sell, sell, sell, yeah, inverted hammer. Everything gets sold, right? You know, I caught some Boeing this morning. I caught some Facebook this morning. Everything's all good. We're about to crash. We're about to crash. We're about to crash. The market goes like this. Does literally like a U-turn, right? Goes right back up. So just absolutely amazing market, amazing strength. You know, it really doesn't make a difference anymore. What you think is going to happen tomorrow. It's probably not. Okay, again, you have to be prepared for it. You can't trade stupid. You can't trade irresponsibly. But at the end of the day, there's going to be so much opportunity that's going to literally fall into your lap. And it's going to come out of nowhere. The backside moves are very, very aggressive. Obviously a lot of names. They did very, very well. Continued to do well. You're still seeing incredible, really, really incredible call buying, especially names like Alibaba. Alibaba, again, they're definitely positioning at the earnings. We saw even September $300 calls today. You know, very, very impressive. Netflix continues to see 515, 510s, 520 calls coming in. Even when Tesla was kind of starting even to make lower highs, we still started seeing, we saw 1,500 calls as the stock was literally about to break down. So there is an incredible amount of speculation money. And then you've got all the names that are just sitting there. Just incredible moves. Apple, very, very strong. SHOP continues to be a really great move. Again, nice res day today. Amazon, you started seeing, again, 3,100, 3,200, 3,400 calls. Just an absolute market. And again, the question is, what's going to finally derail it, right? The government's ready. I think it came out last night and said, well, if the market, if the economy gets any worse, there is going to be, well, basically no specific terms. There's going to be more stimulus. So what's going to get this market down, even if you're preparing for a pull day? And again, for me, I've been preparing for this pull day for a couple of days just because technically it's telling me so. And the most amazing part, if the exception today, there was actually some good value on the downside, but for the most part, this market is just absolutely amazing. Buy anywhere, sell higher. George Costanza market that we talk about every single day is making even the most novice trader, feeble-minded trader, inexperienced trader, FOMO masters traders, they're making them right. Because again, the price action is so aggressive. And this is one of those scenarios that, again, you just have to take it day by day. Don't predict what's going to happen three weeks from now. We don't know. Hell, we do not know. So it's very, very important. Again, create yourself a good game plan of stocks that are not overly aggressive to the upside, stocks that are either resting or coming out of mid-level channels. And the moral of the story is, again, always think safety first. So let's talk about today, again, some crazy moves. Look, I mean, here's basically what I wrote pre-market. I go, look, I'm 100% sell biased for today. So logically, we're gapping up, but that was okay, right? That was okay. That's kind of what we discussed earlier. The Dow got stuffed. And as I got stuffed, the Dow actually gave up 300 points very, very quickly. And I said, look, I'm giving the bears every opportunity to succeed in the first two candles. Again, the key is here. Don't anticipate, right? Don't anticipate a move. Wait for confirmation. Just patiently waiting. So first and foremost, congratulations to all you guys who came in short AAL. First time closed yesterday below $12. Again, not a monster move, but again, the point is, you know, a stock went down to $11.40. And again, just like that, it reversed like everything else. But again, this is a $12 stock versus something like Tesla. So here is the big move of the day. Tesla, $13.65. I actually put in a little bit more of a sneaky pivot, but $13.65 if it builds below can flush, right? So this was definitely the biggest move of the day. I mean, there's no doubt about it. So here is the 360, right? Here is the, excuse me, the $13.65. Here's the channel right over here, and it brigs down to $13.65. And it just gets murdered. It goes down all the way down to $3.11 before, oh, by the way, rallying back 50, 60 points. So crazy, just absolute craziness. Amazon obviously never got down to the $29.90. Spotify never got down to the $23.52. It's actually broke out today again. ZM, again, not a bad move, not horrible. And again, these are the pivots, one to the upside, one to the downside. $267 to the upside, $258 to the downside. Again, not a crazy move, but again, gave some cash flow. Here is the $267. But gave a little pop here. Almost a $2 move on ZM before Microsoft announced that they are going to some virtual video. Obviously affected a little bit of ZM, but not, you know, not a lot. So if all you guys did take it, good job there. BYND, no play there for today. Nothing there. $4680, RCL touched it a little bit. Never gave a second confirmation. JP Morgan, macro, any close again. You can see here my thought process. I was literally putting in pivots to the downside. JP Morgan, macro, any close under $92 is next leg down. Here was JP Morgan, right? So you can see JP Morgan, you know, very, very strong chart, right? It takes out $92 for like two seconds. Goes out to $91.80 in reverses. Again, shows you how strong these bulls really, really are. Nice move on win, $73 if it builds below. Can flush, here was win. Right here is the $73, right? $73, $73, went down to like $71 and changed, $71.20. NKLA, you know, this is actually a nice move, guys. Congratulations for all you guys who did catch this NKLA monster move. Remember there was a pivot 57 a couple of days ago, went down to $40 yesterday. Got upgraded today, $45, $70, $46, needs to reclaim. I thought this thing was going to get, I'll be honest with you, I thought this thing was going to get to $47, $47.50, okay? And I said this is a POS. So just trade this thing for class. I thought it was like $2, maybe $2 in the trade. Yep, apparently not. Again, George Costanza market, here was the $46, right? Here was the $46 and it went to $55. So if you held it, God bless. God bless here, a better human being than I am. Facebook gave a trade, $237. I actually shorted it a little bit before the $237 area, $237.20. Nothing, I made a little less than $0.50 on it. Snapback, some news came back up. I took half off just for cash flow. Boeing gave a nice move, $178.50, $178 for builds below can flush. Here was Boeing, right? So it takes out the $178.50, basically that was low of yesterday. We talked about that, that was low of yesterday. It went right down to this $75 area that we talked about. Nice move, definitely nice move on Boeing. So again, you can see the value is definitely to the downside. Again, take on the way, and this is what I meant about the sneaky pivot. There was a sneaky area here, $13.78. So I said $13.78, very aggressive area for experienced traders. If it builds below can flush, again $13.65 will be the big macro number. Again, huge, huge move there. Roku, I still like, never got there. ZM take on the way. And I said, look, I go, and I said this before the poll on Tesla. I said, look, for us to get any substantial moves, it's going to be to the downside. And that's kind of the name of the game. Patience and obviously the moves came to the downside. Nice breakout on Marvel. We started seeing July, $38.50 calls being traded, $36.90, $37 needs to build. Nice move on Marvel, really, really nice move. Nice move on Marvel, right? So here's the breakout, $36.90, $37, close at the high of the day, $37.60. Nice little move there, nothing wrong with that. So take on the way up, again, futures are getting a little softer. And I kept on reiterating the point throughout the whole day, still valid for experienced traders only. Facebook, again, I took, here's a monster move, guys. Congratulations for all you guys who did take this trade. NIO $14.10, $14 is support. If it builds below can flush. I thought there was a shot it could get down to $12.50. It got murdered. I mean, really, really murdered. Here was the $14.10, right? So this pivot right here, $14.12 is right here. And this candle before it really spiked down was, the low was like $14.10. So once it broke that $14.00 level and started building, this thing got murdered all the way down to $12.00. So really great job for all you guys that took NIO. Again, take on the way down, again, nice really pull. $13.50 covers some. And then I said, I turned around, I said, look, this obviously here at $13.65 is huge now. Yeah, $12.65 next support went down to $12.50. And then here is the big wash, obviously for Tesla, $12.47 next $13.35 on deck. So it got absolutely, absolutely murdered. So again, you know, this is a great example. The last couple of days are a great example. It's so important to have a thesis, to have a bias to wait for everything. But I'm telling you, with this type of range or this type of environment, again, you could be wrong all day, every day in your opinion coming into the market, as long as you are not stupid, right? Isn't that the best? Again, Meyer Hoffman told me the greatest piece of advice for all you guys who don't know who Meyer Hoffman is, Google him, right? The best piece of advice he ever taught me, okay, ever said to me, Dan, I'm going to give you the greatest piece of advice forever, paraphrasing. Don't trade like a putz. That's it in a nutshell. Don't trade like a putz. If it walks like a duck and quacks like a duck, I promise you, it's not a chicken. Guys, have a great night, everybody. Tomorrow should be interesting, right? Tomorrow should be interesting. Have a great night, everybody. God bless and I'll see you on the field. 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? 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.