 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. Hope everybody had a great three day weekend. What a crazy, crazy, amazing, just insane how one day makes such a big difference. If you guys remember Friday, and I kind of recorded this on the weekend video, Friday I had, this was the first day in years that I didn't do anything on Friday. I saw there was no edge and I was okay with that. And I said this throughout the video that it really did take me 10, 12, maybe 13 years to really accept the fact that not every single day was of any value. And fast forward today. Okay, fast forward today. And we kind of, you know, again, this is what we talked about, you know, and we always drive the point home that it's incredibly important to only trade value, only trade premium hands, because even though you're getting possibly a crappy hand today, tomorrow you can eat dealt aces. And that's kind of exactly what we happen today. And that's kind of really the mindset going into every single trading day that especially newer traders really have to start to embrace. Because again, unfortunately, you're getting so much misguided information that, you know, there's so many different opportunities and you could trade 20 stocks a day and do this and do that. And it's all this excitement. And realistically speaking, you know, you're ending the day, you're mentally exhausted, you really traded less than subpar setups and you're kind of stuck in the same place that where you are yesterday, with just a lot less mental equity. And when you look at the action today compared to what we even saw from the majority part of last week, you had an abundance. Okay, now again, obviously, not everybody can trade everything. Again, I'm not going to sit there and trade 30 different stocks a day. But again, you had, you had the pot stocks waking up this morning. You had beyond waking up this morning on a very generic, generic headline from China, but it woke up. You had Tesla waking up today on a boutique firm that upgraded them to an $800 price. Again, destroyed shorts. Again, it's a whole different conversation for a later little point. You had a virus and here's the most ironic part, right? People are looking for excuses for this market to come in and the headline was, well, there's a scare from the CDC that there's some virus coming into the United States from a passenger from China. Think about the irony of all this. The market has gone up linear, linear on a whole China trade war headline for the last year and a half. The market went up, negated and deflected a headline that North Korea was missile testing or nuclear testing possible launches. That didn't freak out the market. Then we got, then we took out a general, some sort of terrorist blah, blah, blah. Iran responded. They hit a military base. That didn't freak out the market. So what the media has you to believe this sell-off, again, if you can call it a sell-off and I use that word very, very loosely. Today's sell-off was brought to you by some random dude getting a cough and coming to the United States, really. So again, at least that ignited more speculation money. You had all these weird stocks, BCRX and APT and NVC and whatever the hell it is. So you had so much stuff going on today and yet the Dow was down, right? Yet the futures were down, yet the index was down. And again, shows you several points we've been trying to drive point home for years. The indexes don't matter. You trade when there's value and the most important thing is act like an adult. That's, you know, that's the common denominator. That's the most important thing you have to walk in every single day. Because again, if you're just trading like a loose cannon with all those expectations or all these emotions flowing, I promise that your results are going to be reflected on your mindset. Again, this business is really, really, really, really, really, really hard because the emotional part is 90% of it. Yes, your process matters, your money management skills are crucial to your survival. But if you are a loose cannon between the ears, you don't have a snowball chance in hell and that is the reality. And most traders wake up every single morning like last night's erection and they think they're going to do something extraordinary today. And the most amazing part is if you continue to trade orderly, methodically boring, price action predictability, you're going to start to see a lot of results. When you're trading all over the place and you have expectations through the roof and your disappointment level goes from 100 to 0 to 100, you're going to be out of this business in a very, very short period of time. So it's so important that every single day is you take it on as its own individual interval, or else if you're trying to make a blanket statement of what you think this market is, just try to ask the shorts on Tesla, how do they feel, right? You can't be smarter than the price action. If the price action is good, you get aggressive. If the price action is subpar, you start getting passive. Last week, that price action was not great. We talked about this endosia, contracting channels, everything stuck in the range. There is no edge. You get off the, you know, you get off the gas pedal, just relax. It'll come. It'll come. It'll come. That's what I said. And today was the ultimate validation is if you wait and you wait for your channels and you wait for the expansion channels and you wait for your premium hand, the jacks, the queens, the kings, the aces, you are going to do very, very well. And today's price action did incredibly well. And congratulations, guys. There's some really, really strong moves. Incredible moves, say. And let's talk about it. So BYND, we covered last night on the video. Okay, last night, we actually covered Tesla and BYND. But BYND, I thought there was a more methodical move coming up here. So when you look at BYND, we talked about this last night, right? We figured out this channel would happen today. We talked about these three channels here. We had the top of the channel. We had the bottom of the channel. We knew that 115. It was a big area. Okay? And when the headline came out this morning, it stopped right at 115. I mean, if you look at the pre-market high, okay? If you look at the pre-market high, it stopped right here, boop, right at 15. So we knew that was important. Not only on the 60 minute, we knew it was important on the daily chart. The market opened up. You had a buyer come in right from the word go. Right from the word go, I think he bought the January 24, 150 calls. This is when the stock was at 113. And once you got that fuel to the fire, big move, big beautiful move, I bought the 15 break. Ironically, there was a sneaky pivot. I didn't take the sneaky pivot. I wrote right before the open. As you can see here, a 15 and a quarter, 15, 15 needs to build. I wrote right before the open. There was in a sneaky area there, 13, 30, 13, 40. But again, I also said, hey, there's no guarantee it's going to take out that 15 area. So again, if you're going to take this area, be conscious. And there wasn't even a thought process. If you did get in off that 13, 30, which I didn't, I took that 15 and the stock just exploded. Absolutely exploded. I thought it was going to stop today. I personally thought it was going to stop at 222. And that was like the upper Bollinger Band. And that damn thing just went through. Just an absolute, just a huge move, an absolutely huge move. I have to tell you, I've seen some really good PR departments in the past, where companies are just constantly putting out these crazy PRs. Beyond PR company, every single time the stock looks like it's about to drip, comes out in the new PR. Like today they came out while they're entering China. So could every other company. There was no details, nothing. But their PR company is really, really good. Early shorts got trapped off that initial reject and off the 15 area. It reclaimed, absolutely exploded. So I mean, I was very, very happy with the trade. And especially I kind of needed that mentally after Friday's day. Again, even though I sat there and I was very mature about it and I let the kind of day play out without an edge. It was very, very mentally tiring. Even though there was no feet to the fire and all that good stuff, I really needed an early good start mentally to kind of remove the funk from last week. And even though the week was okay, but again, like I said in the video, it was just okay. And I really needed beta to wake up. So BYND started the day very, very strong. There's actually started the day with Roku. We'll talk about that in a second. But this was the first pivot I put into the channel. SIGNA, I still like, never got to the 30, 15 area. Pets came out. Earnings obviously never got to this 27, 85, 28 area. And SDC came close, came close, traded 13, 90 today. Obviously never got to the 14 area. Qualcomm never got to the 96, 40 area. I kind of screwed up Qualcomm. It was my third trade of the day. Roku was my first. Beyond was my second. I'll talk about Roku in a second. I kind of screwed up on Roku. I tried, excuse me, I kind of screwed up on Qualcomm. I tried to dip buy it. I tried to dip buy it right over, where the hell did I try to dip buy it? I tried to dip buy it right over here, this 94, 20 area. And it traded to 94. It was a rising Bollinger Band. And it traded 94, 20, and it bounced right away. Started bouncing right away. It was up like 20, 25, right away. So I figured, all right, you know, it's going to sit here for a few minutes and then come back in. And it wound up losing this channel. I couldn't figure out why. So I wound up taking like a 40, 42, 43 cent loss on the trade. It wasn't a monster loss. It had nothing to do with the loss. It was more important. I was trying to figure out why the stock didn't hold that area. And I was trying to figure out why it bounced off the area where it did. And I kind of made a mistake. I really should have looked at the bottom of this rising 60-minute channel. Because if you look at it, the low is right on the bottom of this channel here. I should have been buying it here. I should have been a little bit smarter. And again, I always learn from the trades that I screw up on. I never learn anything from the trades that I make, because I'm supposed to make. That's the whole point of confirmation channels. So I screwed up here. But at least I understand why this rising 60-minute wedge, that's what held. Ironically, the stock did gap up a dollar after it tested the bottom of the range. So I kind of screwed up here. I'll be smarter for the next time. So I did screw up on Qualcomm. Roku was good. We talked about Roku. 13250 needs a strong build. I took the 133 break. That was the second entry. So here was Roku, right? So here was Roku right here. And I said it needs to clear out this 13250 area. It put it in the first move to like 3290s back-tested. And once it got above 33, just absolutely exploded. Absolutely exploded. So I was pretty happy with Beyond. I was very happy with BYND. I was happy with Roku. Happy with BYND. I screwed up a little bit on Qualcomm. But ultimately, I was very, very pleased with the morning. And again, I think more mentally, more than anything else, I was very, very happy because of the inactivity from Friday. PCG, not a big move. PCG, we talked about this 15, excuse me. We talked about this 1330, 1340. It went to like 1366 if you call it the trade. God bless. Small move like 35 cents. But here was definitely, here was definitely the monster move. And again, here's where I thought it was going to stop at 122 supply. I go, wow, it's an amazing move. But here's where, here's for the afternoon. Usually you don't see a lot of value in the afternoon. This stock just got destroyed. You saw the news that came out on Boeing. They had some issues and blah, blah, blah, blah, blah. Nobody cares, read the headlines. But this one, this 320, 50, 320. I said, if it builds below, can flush. It's a huge macro area. And if you look at Boeing's chart, macro, right? Here was the 320, right? 320 and a half, 320. And once it started building, I mean, once it started building, basically about a minute, minute and a half after it started building, the stock got absolutely destroyed when all the way down to 305. I mean, just a huge move. And a lot of you guys had the puts on this thing. Incredible, incredible move. So again, it was just a really good feeling to number one, being controlled from Friday. Again, it takes a long time to really, really, really embrace the idea that you don't need to trade every day. I actually didn't trade on Friday, which was amazing. But it was such a good mental feeling to catch a couple of trades very early, very, very aggressively today. And it took a lot of the stigma, almost like the stench off last week's action. And the most important part is now we're kind of in a sweet spot. You get a lot of channels that are setting up for tomorrow. I mean, Tesla, again, at what point, and I tweeted this out, at what point are you going to turn around finally, anybody who's been short the stock for weeks and weeks and weeks? At what point do you finally just turn around and say, look, I'm just wrong, right? I'm just wrong. I'm just wrong. No matter what my opinion is on the stock, I'm just wrong. I mean, what do you stop out? $5.50s, $5.60s, $6.50s, $7.00s. Like what? And again, now before you turn around and say, well, Tesla's a piece of crap. Everything's a piece of crap, right? Amazon, when it was at $300, $300 a share, had a PE of $4,000. And I remember back then people saying, you got to be an idiot to buy the stock with a PE of $4,000. This is at $300. This is 1600 point later. So, you know, again, do not blow out your account, okay? Because some guy on social media, on stock towards this, that the other thing he's talking about, this stock is going to 200 to 300, okay? Maybe it's going to 1,000. Maybe it's going to zero. I don't know. We're not smarter than the price action. You're not going to be right before you can afford to stay solvent. It's just the truth. You trade price action. That's the judge jury. And unfortunately for all the shorts on Tesla, it looks like the executioner. So going to tomorrow, again, index wise, I don't care. I just don't. I think there's some really good value for tomorrow. Netflix came out with pretty bland earnings. It's pretty flat overnight. I'm going to watch Netflix for tomorrow, either off this macro channel is high or this afternoon's after hours low for possible confirmation. But there's some pretty nice ideas that I do like. I actually just like some ideas for tomorrow's session. Let's talk about that, right? Let's talk about them. Let me see what I got here. I kind of like this FVRR. Again, we'll talk about all the beta names tomorrow at morning strategy. Look at the weekly chart on this FVRR, okay? I had an alert set on this thing about a month ago. If you look at the channel here, this is a weekly chart. If you look at the channel here, 27.99 is the high from August to fifth. This is how long the distribution is. Today's high is 27.96. If this thing can just reclaim 28, who knows? Maybe this thing could really, really wake up. Keep an eye on that. I kind of like this little stock, JMIA. Again, this is a weekly view of it. It stopped that supply in its last move. If it could start reclaiming like 8.70 or so, maybe it wakes up and goes to 10. That looks pretty good. I like Amazon. I know, I know, I know, I know, I know, I know. But I do. I like Amazon. It closed today, Thursday over supply. Six day distribution. If they could confirm this channel today, I think there's a shot it runs to like 1902 and 1903 before a secondary confirmation channel. Remember, Amazon reports towards the end of the month. So there are plenty of big bets being, we've been discussing the macro bets in the option market for Amazon for a couple of weeks today. We had another one today. Somebody had a million dollar premium for the January, for the March 2100 calls. They're very, very bullish. I mean, they're very, very bullish bets into Amazon. Who knows what's going to happen after the release earnings, but at least you could clearly see the money, at least the big, big money is definitely on the upside of Amazon. So really good action today. Again, I'm very, very pleased, but the most important part is I like the fact that we were in control on Friday. We were in control today. We weren't, you know, we weren't pressing. We weren't jumping out of our shoes. We let the traits come to us and it worked out incredibly, incredibly well. Very, very, very good start for the week. So guys, have a blessed Tuesday. Today's Tuesday. Have a great night. Please arrive to Morning Strategy tomorrow early. We'll discuss all the beta pivots. And with God's help, we'll see you there tomorrow. 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.