 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 evening everybody. Welcome to another edition of the AccessToTrader.com nightly wrap-up show. Hope everybody is doing well. Tonight, I wanted to do it a little bit differently. I kind of want to reverse engineer. Usually what we talk about is the macro market, kind of a little bit of a lesson, and then we kind of move on to days events and blah, blah, blah. Some of the pivots when we look for it tomorrow. I want to kind of reverse engineer that. I want to start out with the pivots that we had today, but the most important part is I'm not here to celebrate process that works. Our job as professional traders or aspiring professional traders is try to figure out where our imperfections are and try to do our best. Again, we're not perfect human beings. We'll never be perfect traders. As I said today in the live webinar, we will never be perfect parents or perfect spouses or perfect brothers or sisters. There's no way we're going to become perfect traders, but we try as a community. When I say community, I mean all of us. If I've never met you before and you're clicking a mouse, you're part of the global trading community. So we're not here to celebrate small victories. We're here to try to figure out what our imperfections are and make them better. And again, if you look at the feed today, again, if you look at the Twitter feed today, it's all fine, right? It's all fine. And there's a specific reason and I'll share you guys in a moment what I'm talking about. So if you look at the pivot feed today, again, macro market is strong, yada, yada, yada market goes up every single day, closes at the lows and then gaps back up. It's been doing there for a long time. We cover this in nausea. We're here to speak from the trader's point of view and what we go through every single day together. So if you want a full roundup on what the dailies events, go to CMBC, go to a million different financial websites, they will give you the same blah, blah, blah, talking heads. We're speaking from the trader's point of view, good, bad and different. It's all here, right? It's all here. So if you look at the feed today, everything was fine, right? Everything was fine. If you traded today these aggressive pivots, that's great. If not, it's great as well. Again, BYND and again, big, big flush towards the end of the day, 17, 1680 if it builds below can flush. And again, you can see what happened here. I'll show you here in a second. Again, not the point, not the point of the video tonight, not the point. So here's the video, right? Here's the 17, the 17 area, it flushed down, blah, blah, blah, right? Nobody cares. Okay, Tesla, we'll get to that in a second. That's the one I kind of want to cover. Okay, if you look at NOW, big move, still like it for tomorrow, 347, 348, needs a strong build to finally bust out of this channel. Again, we saw in the morning buyers came in for the 355 weeklies and again, strong move, very, very strong move. Built 47, built 48, went for like 50 and change. I still like it. I think the stock has a shot at the 52 week highs, 56, maybe ultimately to 60. That was fine, right? Good job for all you guys who took that as well. Netflix was actually some pretty good bounce spots today all over the place. It's still trading very, very thin, but some good remount bounce spots. We had two or three of them today in the live webinar, including the one that did go from that 379 area. It broke out pretty well. Again, here is Netflix, right? We talked about that 378.5, 379 level, you know, went to like 81 and change. So that was fine. Alibaba by far the biggest move of the day, 2190, 22, needs to reclaim, right? Alibaba, right? Here's the 2190, right? Here's the 2190, 222 area just exploded, right? Absolutely exploded. That was fine. Nobody talking about that. And Akami, 1-1 needs to build. Again, Akami right off the gate. If you took this trade, great job. Here's the 101, right? 101 exploded to 103. That was fine, okay? Everything's all good. BY&D, small move off the reverse pivot, 19-19.5. Really didn't do anything. Really didn't do anything. Only went up like 50 cents or so. Blah, blah, blah, blah, blah, blah. Shop keeps on, here's the big one. Here's the big one. Here's the ranges, right? Here's the ranges. Shop ranges for the rest of the day. They came out of earnings, got faded for the whole day, literally for the whole day. And it was all a matter of time. Is it going to lose the bottom range? Is it going to get above the middle range? What's going to happen? So we talked about 557 to the upside, 548 to the downside, both need to build. And shop got destroyed, right? Absolutely destroyed. There was nothing even to come close. Here's the 548 right here. 548, right? 548. And this thing got just destroyed. One down on nearly 20 points. Let's forget about all that. Let's forget about all that. I posted a question on Twitter. And for all you guys who are watching this video, usually I'm not the whole big comment on the video below. But I want to hear your thoughts. I want to hear your thoughts about a subject that I'm very, very interested in tonight. And the question that I asked was, what's more mentally exhausting? Let's take the money aspect out of this. We're talking about strictly mental equity. What is more mentally exhausting? Watching an A plus setup for two, three days. It could be two, three weeks, whatever the case may be. It's a setup that you're comfortable with. You're ready to trade. You're ready to go, right? Having an A plus setup, you watch it for days and then it explodes to the upside without you or implodes to the downside without you. Whatever the direction is. Is that more mentally disturbing? Is it more exhausting than having the same A plus setup? The same A plus setup. You collected the data. You watched the trade. You watched the order flow. You watched the option activity. You collected all the data. Take the trade with conviction. Have the trade fail, right? And the worst part of it is not the monetary aspect of losing money on the trade. The question is, is it worse mentally to take a trade and miss it? Or to take the trade, lose money on the trade and not understand why? And here was what I wanted to talk about today. We watched Tesla for several days. If you watch Tesla, forget about the Forbes article. The Forbes article is irrelevant. The last several days it was building a base down here. Now again, before anybody turns around from the permanent bear side to Tesla saying, well, Dan, it's a piece of shit. That's why I fell. Settle down. Settle down. Stock went up 300 points in two weeks. Settle down. We're now talking about that. We're talking about it from the trading aspect of it. So let's talk about the data. I usually collect data. I have an opinion. I have a bias. And I try to strike with extreme pressure. So we started collecting data. So Tesla was trading in a 60 minute channel for four days. You could see it going all the way back to four days. And the top of this channel kept on getting rejected. And the top of this channel was 786, 786, 786, 786. You get the theme, 786, 786, 786. Yesterday, as the market started selling off on the lows, we started watching a really good amount of aggressive call buyers come in. Now this is obviously not the whole tally, but we started seeing as the market was selling off buyers coming into the stock, right? The weeklies, the 845 weeklies, the 845 weeklies, the 845 weeklies. We saw the 850 weeklies. We saw the 900s, right? February 900s. This is all happening at the same time. And it's not like they're sitting there. It's not like they're sitting there putting up $10,000 bets, $5,000 bets. And again, if you go through yesterday's activity in the options market of Tesla, it was a pretty aggressive call buy. It was like the aggressive call buying going on in Amazon before the big run. You saw the big, big run in Tesla. So I knew it held the bottom of the range, right? I knew it held the bottom of the range for three or four days. I knew the top of the range. I knew those massive call buyers came in towards the end of the day. I knew there was a divergence from the market selling off yesterday and Tesla getting stronger. And I also knew that there is going to be a very, very high probability that if Tesla didn't gap up, right? If Tesla didn't gap up above the range, and now it's tanking here, but if Tesla didn't gap up above the range, I had what we call an A plus setup. Multiple day, three, four days setup, top of the range, bottom of the range, defined option flow, speculation money, hot stock. It's all good, right? It's all good. Here's the problem, right? A lot of times, a lot of times as a trader, okay, you are going to be put in a situation that no matter what type of trader you are, you could be the most aggressive trader in the world or you could be the most conservative trader in the world, okay? The one thing that eventually you have to do, okay, is shoot your shot. Shoot your shot. It's the most like, again, Derek Jeter is not going to a Hall of Fame for hitting, you know, 500, 600 home runs. He's going to the Hall of Fame because he has 3,500 hits. But once in a while, he will take a step back, right? Take a step back, understand the game flow situation, you know, squeeze the bat a little bit tighter, right, and try to launch it. Once in a while, you have to do that. And the problem with the stock market, because it's an unscripted filter of the greatest reality show that's not on television, once in a while, when you take that shot, you are going to miss, okay? And unfortunately today, I missed, okay? And I missed pretty aggressively, okay? And the one thing that I kept on, you know, sitting there for two, three hours, looked at all different time frames, looked at, you know, the 5 minute, the 3 minute, the 10 minute, the 15, 20, 30 second time. I couldn't figure out what I did wrong in the trade. I just couldn't figure out. Again, the stock sucks, man. Okay, that's great. And maybe it does suck and maybe the bear is going to get paid. That's great. We're not talking about the stock sucks, man. We're talking about why the trade didn't work. And I sat there for the majority part of the day, okay? Really frustrated, not because I lost money on the trade, okay? I was properly sized. I knew my risk parameters. We talked about it. You know, I talked about it at morning strategy. They said, hey, this is not a trade for everybody. I want to make sure that if you are trading this thing, you're an experienced trader, new traders stay the hell away. It's not for you. So I got that part. I was tiered up, right? I knew the risk, all that good stuff. I knew how aggressive it was going to be. I knew all that stuff. The problem was I don't know why it fails. So my question is, again, to the room, right? To the gallery, to all you good folks out there, is it much more, right? Is it much more mentally frustrating to miss a trade that you wanted? Or is it much more mentally frustrating taking the trade you wanted, having it fail? And again, you cannot have an answer why it did so, and it makes you much more frustrating because there's nothing to be learned from this trade, right? I would have taken this set up 100 times, including Saturday and Sunday, okay? So I'm trying to figure out why it failed, and it's so frustrating because I have no idea what I did wrong. And again, this is one of those situations that you take the trade, you live with the reality, right? You take the trade, you live with the reality, and sometimes you have to just chalk it up of, you know what? Things happen, right? Things happen, but it's very frustrating. I'm a human being, just like everybody else, you know, doesn't matter. You know, look, I have 20 years of screen time, okay? Once in a while, you're going to get a trade, and you can't figure out why. And it took me, you know, it took about eight bucks out of me, right? It took eight dollars out of me. It's a pretty decent nut. And I made back some money with a shop, blah, blah, blah. But the point is, I couldn't figure it out. And the one thing that I do know, no matter what type of day I'm having, good, bad, or indifferent, the one thing that I know is how quickly you need to forget about it, okay? This is me venting. This is my process. I can only vent to other traders. Nobody wants to hear it in my house. My wife doesn't want to hear it in my house. My kids are not mature enough to understand what the hell I'm talking about. My dog, maybe my dog, maybe Ivy, right? I'm sure social doesn't want anything except for a belly rub. So the point is, the more important part is we need to communicate as a global community and help each other out. Because again, nobody cares about the stuff but us. So short memory, right? Short memory, frustrating, absolutely. I'm still going to probably think about this for the next two, three hours. But again, tomorrow's a new day, new chapter, new players, life goes on. And the most important part, and this is a very, very important aspect of the trading psychology, okay? For all you new traders, you're going to go on a magical run. The longer you trade, you're going to go on a magical run. And I will tell you this, no matter how long you trade, you're going to go on a magical funk. You're going to go into a funk that nothing works. Every single trade you're going to put on is wrong. And that is really something in between. And that's what your trading career is. But it's so incredibly important that any day that you are mentally frustrating, you're burning mental equity, it's so darn important that you just forget about it. It sucks. It's the worst. I can't believe it happened. It's over, right? The more you dwell on it, the more you think about it and not let go, the more you're going to be frustrated. And the worst possible scenario for you it's going to be, it's going to spill over for the next day, okay? It happens to everybody, okay? I don't care how long you've been trading. It happens to everybody. There's a buzz saw, right? There's a mythical buzz saw. The market got a buzz saw. Everybody runs into it. Today was my day. Short memory. It sucks. So I'm just curious guys, I usually don't make these, at least I'm not a request, but if you guys could be so kind, comment at the bottom of the page. I'm just curious, what do you guys think it's worse? Missing that A plus trade or getting the trade, screwing it up, not necessarily screwing it up, messing it up, losing money. And then again, the worst part of it is you can't even get better mentally because you don't even know why you lost. So please, if you could be so kind, I'd really appreciate it. Going into tomorrow, look, it's a tired market. It's an aggressive market. Everything in between, right? Everything in between. Look, anything could happen. You see what's going on right now with Tesla after the close. I haven't, obviously I haven't read news because this is actually happening as I'm recording it. So I'm going to watch it to downside channels tomorrow. Again, if you look at the daily chart, there's some big levels on Tesla, right? That 58 level, right? 58 level from the day before, the 52 level, the rising 750. So any close tomorrow below 750, you have a lot of downside, right? You have an incredible large, huge, huge downside potential in this trade, but again, it has to play out organically. So let me give you guys some ideas for tomorrow. Again, I'm going to have an extra cup of coffee. I'm still having coffee now, but I think I'm going to have an extra one. I don't drink. I don't smoke. My only vice is venting, and I do it pretty well. So let's definitely talk about some ideas for tomorrow, okay? I think there's going to be some value. The value that we saw today, matter of fact, we saw a lot of really good remounts. There were some really good aggressive pivots, but we saw some really, really aggressive remounts. I think tomorrow, when you're kind of in a market that is very, very strong and very, very weak at the same time, I think the value is remounting of ranges, and all you guys in the live webinar saw this today over and over and over again. They work incredibly well. So I kind of want to concentrate on that just because I think that's where the value is. But let me give you guys some ideas for tomorrow. For all you guys who don't trade beta, let me give you guys some ideas for tomorrow. I kind of like this Wi-Fi, okay? I kind of like this Wi-Fi stock, big, big, long distribution. I think this area here, 13, you know, 1350, roughly around the 1350 area, this is a distribution going back from November the 6th. This looks pretty good here. I still like NOW. Again, I think the stock test highs any dip buy into rising 60-minute support. Keep an eye on that. This little one, HIMX, you know, the daily chart had a big, big run. The daily chart breaks out around 483, 484. The reason why I'm bringing this up, there was a call buyer that came in for, he bet, let's see, I think it was 1,500 contracts on the weekly five calls, right? So on the weekly five calls expiring Friday, so you have a two-day rental, 1,500 times. It's a pretty unusual bet, so keep an eye on this thing as well. And, yeah, everything else is beta. Everything else is beta for tomorrow. So guys, please get to morning strategy. Again, for me, this is very, very therapeutic. I know a lot of you guys don't have anybody to talk to, which is really a shame because, again, guys, you can't keep this stuff in, okay? You can't keep this stuff in because it's gonna just tear at you and tear at you. Again, the one thing that we've established with the live webinar, everybody has my phone number, everybody texts me, we email each other in nausea, 10, 30, 11 o'clock at night, and each other supports us and because, again, we're not robots, man. We bleed, we cry, we screw up, we do great, but the most important part is we have each other, and that's the most important part of any global trading family. So guys, have a great night. Hopefully tomorrow will be a lot of really good value and we'll get us up. I hope that this helped each other, everybody out, and hopefully we'll have a good day tomorrow. Take care, guys. Have a great day. 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.