 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. So I think I've come to a conclusion. I think I've really come to kind of a crazy point of my career. Let's kind of review. Let's kind of really take it back. So yesterday, we had a 900-point U-turn on the deadliest day, unfortunately to say the deadliest day of corona deaths. If this was 15 years ago, not even 10, but if this was 15 years ago, 12, 15 years ago, last night, again, if you guys remember last night's video, I was all cell bias coming into today, praying to God for a gap. Please market God's. Give me a gap. Please market God's. Give me a backup. You know they're going to get rejected and go back right. So I came in flat. I've been coming in flat for a while now. But after yesterday's move, I said to myself, if we get a gap up this morning, and they all get rejected in supply, that opening range is going to be like a swan dive, a swan dive back into the bottom of the well. And the most amazing part is whatever you thought was normal 12, 15, 18, 20 years ago is completely bonkers right now. Just absolutely completely bonkers. The new math, 1 plus 1 equals 22. It's just there is. So I sat there, and as I was drinking a cup of coffee around 3 o'clock, I was sitting there, and I go, anybody who starts to overthink what's going on here, you're going to burn yourself out to the point to try to be right instead of being profitable. It's just the reality. And this market is so random. If you start really digging into how market structure works, you know the overnight game, it's like betting the sporting event. Seriously, can we get a sporting event to bet on? So when I came in this morning, and I saw the futures up 200 points, I was like, ah, whatever. So they go up 300, and this is where they start to fade. Do you guys remember that? They started fading. 300, 250, 170, 150, 130. I caught a good pivot on Tesla to the downside. And I said to myself, just a matter of time. Just a matter of time. That's it. This is it. Next candle, they're all going to get destroyed. And the most amazing part, the most amazing part is it's not like everything exploded up. It wasn't like that. It was more of like, they went up, they went down. They went up, they went down. They went up when they went down. And the way the channels were playing out this morning, a lot of people turned around and say, and again, the global trading population, they turned around and said, wow, what a choppy day. And they were right. Absolutely right. We had a couple of pivots in the morning. Everything was fine, blah, blah, blah. But I was sitting there, and I'm like, what's going to happen next? What's going to happen next? And the next thing I knew around, I think it was around 11.30, I said, I feel like we're getting slow played here. And I use that word a lot, especially when I feel like there's a short trap coming. And I feel like this sell-off is taking way too long, like really, really way too long. And I said, is there any possible way they're going to rally this market of? I go, nah, nah, there's no way. There's no way. And slowly but surely, and you'll start seeing, we'll talk about the pivots in a second, slowly but surely, you started seeing things wake up. And you had some news, right? You definitely had some news today. Bernie Sanders, and again, I was so looking forward to paying 99% taxes for the next four years, he gracefully bowed out of the presidential race maybe next time, right? Maybe next time. So Bernie bails out, really nobody cares. Really, market doesn't really care one way or another. But again, it is what it is. You had FOMC coming out in the middle of the day saying, look, rates are going to be pretty much at nil until this kind of world gets back on track. OK, no big deal one way or another. But the one interesting part I found about today's session was, and we've been talking about this now for two weeks, have you guys noticed what's been going on? First time I saw it, I was like, ah, no big deal. Second time I saw it, wow, this is something interesting. Today I talked about, I tweeted it out around 3 o'clock and I said, you realize if you just walk in at 10 minutes to 4 when the MOC orders are coming out, you can literally buy any stock, literally stock at the highs, any beta stock at the highs. You'll catch a 5, 10 point move. And at first, we were joking around. Obviously, I'm joking. But if you look at today, like for example, MOC came in, marketing clothes came in, $2 billion worth. Look at the move in the spies at $3.50. Spies go from $273.66 to $276. The cues go, I mean, this is insane now, right? This is insane. The cues go from $200 to $201. This is in seconds. I mean, absolutely in seconds. So again, for all new trades, you want a phenomenal strategy. And I'm joking, I'm saying this is a sarcasm. Get along with $3.50, your favorite stock at the high of the day. Millions, millions flood your Twitter account, right? Millions. So you'll make a lot of money. But all jokes aside, I really think the longer I trade, and again, almost 21 years is a long time, right? But the longer I trade, I mean, I start looking at things and I say to myself, why do I even bother, right? Obviously, you have to have an opinion. I say this every day. It's very, very important to use your brain. It's very important to have a bias, at least at the open, give that side a directional balance to play out into your thesis, into your chart work from the night before. But at the end of the day, after the first two hours, does it really make a difference what happens? Especially, again, especially if you're trading them, if you're trading in the intraday markets, again, I trade channels up, down. Doesn't make a difference. But at the end of the day, man, I think it's at the point right now that we do have to accept that 1 plus 1 does equal 22. Nothing needs to happen. The weakest stocks are gonna be the strongest stocks the next day. The strongest stocks are gonna never rally for the rest of the day. And this is, again, what we talk about, this is the greatest reality show that's not on television. So when somebody turns around, especially a new trader turns around and says, well, this market doesn't make sense anymore. Well, yeah, that's the whole point. The market doesn't make sense anymore, right? Our idea of what normal is is incredibly subjective. So what is normal, okay? The market opening up 50 points and grinding it up up 500, or the market gapping down 100 points, gap, you know, going low to five. Like what is normal, right? It's all in the eye of the beholder. So every single day that you come in and you open up your machine, you have your game plan ready, and you're ready to rock and roll, expect the unexpected, and that's the what it is. And at the end of the day, when you look back at the action and your ability to read the market, don't be surprised that you look like a fool, right? Yesterday I was like, yo, I'm 100% sell bias, right? It's not like I sat there in my walks and said, hey, you know, here's six of the shorts for longs. I was 100% sell biased, 100, right? 100% sell bias. And the most amazing part, obviously, we traded on the long side today, we traded on the short side today. And there was some value, there was some pretty decent value on the short side as well. But again, guys, expect the unexpected. Don't try to, you know, after the market opens and your thesis is completely out of the window. Don't try to, you know, don't try to Jedi mind trick the market, you know, to kind of will your way, just go with the flow. Whatever channels set up, that's a directional bias. Like I was looking at short, like on my overnight, on my overnight chart work, right? I was looking at, you know, gap and crap on Boeing, strongest stock, gap and crap on shop, strongest stock, right? I was looking at both sides of Tesla and then both sides kind of played out. So it's a crazy market. It's a crazy market. Just go with the flow. One day at a time, one trade at a time. And oh, by the way, not only did we have the deadliest day for unfortunate COVID-19 victims yesterday, today was, again, the deadliest days of COVID-19 victims, unfortunately, again. And hopefully again, God, we're gonna peak out at some point and kind of get back to normal life, right? Not normal trading. Again, there's no such thing as normal trading. It's going back to normal life. So again, okay, what's gonna happen for tomorrow, right? Like what's gonna happen for tomorrow? Tomorrow is the last day of the week, okay? Friday with market is closed. It's good Friday. Again, I know for a fact, it's not gonna be a travel day, right? Nobody's going anywhere for long weekends. So everybody's staying at home so you can't turn around tomorrow and say, well, the volume is gonna suck. Well, nobody's traveling anywhere, right? So we can take that off the table. So here's the channels, okay? I think here are the channels. I think they're pretty tight to the downside, to the upside, macro view on the cues. You know, again, I'm flat. I'm gonna just see what the market gives me. But this time, you know, this time overnight, we have some longs, we have some shorts. Damn, it's something I gotta give. So let's talk about it. So on the upside tomorrow, we are watching this 202.75, 203 level on the cues. If they start building, then we have a legitimate shot here running to this 206 and change the 50-day supply. If the market rolls over, again, I have no idea anymore, okay? But if the market rolls over and we start building below 196, right? Yesterday's low was 96. Today's low was 196.17. So if we start building below 96, then we go to 94 and then we go to 92. Other than that, I have zero idea. That's it. I said it, I have no idea. I'm an idiot. I have no nothing. Nobody knows nothing. The market knows nothing. Go with the flow. So let's talk about today's pivots. Again, some good strong, some good long, some good shorts, kind of a mixed bag in the morning, but everything played out. What I liked, what I did today, okay? Sometimes you don't, sometimes the results are the results. But what I like, what I did today, the stocks that stalled out on me, for example, today, like we'll talk about, for example, like Netflix, I recognized it right away. And instead of sitting there, you know, taking a $2, $3 loss, I sat there, saw that, you know, saw order flow. It shrunk up, right? Sellers were really in command of the pivot and I was taking like a 40, 50 cent loss on the trade. Again, stay mentally strong. The same thing I did the first time with Apple, right? Apple, it broke out, right? It broke out, put it as second entry and I said right away, this thing is weak. This thing is weak. This thing is weak. And, you know, I sell it right away. I sell it right away, I made pennies on the trade, would have nothing, flat trade. Watch the stock go down a dollar and a half. So what I really liked about today, not even the pivots that worked, I liked what I did with the pivots that kind of stalled out. And that's kind of what I mean every single day by, you know, taking the last hour, hour and a half off, you kind of mentally refresh yourself. So going into tomorrow's session, usually I'm like exhausted. I'm pretty fresh, I'm pretty fresh. I've been kind of practicing, you know, getting out the tape in the last hour, hour and a half or so for the last two weeks or so. And again, it's been a really big, really big, kind of a tool for me. Just kind of stay fresh for the larger part of the day then get tired towards the end and spill over to the next day. So I felt like today we really read the tape, that really read the pivots that kind of stalled out and really minimized, like minimized damage. Like today, for example, Netflix, 40, 50 cents, whatever the hell I lost on it today. But some pretty good pivots. So let's talk about this, right? Let's talk about it today, blah, blah, blah. So here's Apple, right? 263.85, 264. So I took the second entry on this thing, okay? And it went up to 264, I think it was like 264.30, right? 264.30 and then came in and then remounted to the 264.30 and ran up about like 20 cents, like nothing, right? Like literally ran up nothing. Here is the pivot right here. Let me show you guys exactly what I was talking about. So here was the Apple pivot, right? Here was the Apple pivot, this 264 level, right? It was right over here, okay? So there was this 264 level right here. So it goes up initially, right? It goes up initially like 20 cents or so and I saw it, it was gonna stall out. It stalls out, I sell it, made nothing out, a cup of coffee. The stock comes in like a dollar and a half. I said, wow, I must be getting less stupid. I know I'm not getting smarter. I must be getting less stupid in my later developing years. And then later, right? Later, so basically it was like a third entry, which I never do, obviously it explodes and it really does well. Again, if you traded it like me, it was the responsible thing to do. Again, we can't predict what's gonna happen later. We're just trying to win our interval. So I screwed up Apple, wow, wow, wow, wow, wow. Too bad, right? Too bad. I'm watching shop, green thread on watch. No, this is not a pivot, just momentum. 173 needs to build, yada, yada, yada. That's the strongest stock of the day. Who the hell knows? Roku is good, Roku needs to build 90. Here's the Roku pivot. It's crazy market, right? Crazy, crazy market. So here was the 90, here's the 90 pivot on Roku. You know, went to this 960, the second entry was 960 and it went up to like 92 on Roku. Yeah, again, again, NVIDIA 265 needs to build. NVIDIA is just a strong stock, really, really strong name on the NVIDIA. Here was the 265, went to 267.30s, right? You see this whole 265 area, right? 265, 265, 265, right? Went to 265.30, ran up about $2 in change, came back in, remounted and went as high as like 68, whatever the hell it was. So the NVIDIA continues to be a strong name. And again, here's a perfect example. Bowling on watch, right? Bowling on watch, green thread, sure. Note, this is not a pivot, just momentum. 140 needs to build. Again, this is gonna be a big number going forward on bowling. We'll talk about that, obviously, to the long side. In a second, there's a big pivot on the long side there. 97, I shorted Baidu, okay? I shorted it, it's not the easiest stock to trade. But again, it did come in and I know a lot of you guys did very, very well on it. 97, if it builds below, can flush. 96 is macro, that's the big area. The reason why I said 97 first, that was the pre-market low, right? That was the pre-market low right here. Everybody see that? 97 was the pre-market low, okay? So 97 was the pre-market low and the daily confirmation was this 96. You see these candles here? 96, 96, right? 96, so 97, 96, confirm both and it went down to 94, 90. Again, not a bad move. Not a bad move at all. TAL held 53 times, now it held 50 103 times. So here was TAL, obviously you can see it. 50, 50, 50, 50, never broke 50. Again, 50's gonna be a big spot for this thing in the future. Again, set alerts for another entry in this thing below 50 in this lifetime or the next, but you can see here how it's just holding 50, 50, 50, 50. So TAL as well, nothing doing there. Yeah, so this is a good trade. Again, this is a really good trade. I was very proud of myself because I minimized, I read it perfectly, it stalled out. 377.50, 378 needs to build. So I get long, right? I get long, it only goes up like 40 cents, right? Only goes up 40 and it just sits there, sits there, sits there and then the sellers reclaim the 378 area. I was like, ah, okay, I'm screwed. So I said, you know what, let me give it a minute. If it doesn't remount back on the 378, I'm gonna be out. And it never did, it never did. And so I sold the stock. It was like 40, 50 cents on the trade, nothing. Because if I didn't, again, if you sit there like a deer in headlights, look what happened to Netflix, right? If you don't recognize that seller and they're just not, you know, if you recognize it and they just, they just do not wanna get out of the way, they're not gonna sit there and give you five, 10, 20 minutes to figure it out. They're gonna sell it. And this thing got murdered. I mean, this thing went straight down, all the way down to 368. So again, guys, be proactive. I know a lot of new traders don't like to get rid of a small losing trade. But again, a paper cut, a lot better than the severed head. Paper cuts are good, severed head, bad. So again, so good read. I was very happy with the loss there. I traded Tesla nicely, 541, huge support. If it builds below it can flush. Tesla's a good trade. My lowest cover was 536. Here was Tesla. I love Tesla. I mean, I really do. I know I just talk about this thing nauseously every single video, but I love this damn thing. So here is the whole range here. 541, 541, 541, 541, 541, 541, stop the 541. Broke 541, went all the way down to 533. My lowest cover was 536. That was good. That's good. Here's a side note, a ton of weekly for tomorrow. Explorations tomorrow because we're off Good Friday. A ton, size buyers came in. Guys, watch tomorrow, Tesla to the upside. Size buyers came in on the 560 weekly calls. And I'm not just on my one or two. They just kept on coming and coming and coming. So keep an eye on Tesla for tomorrow, especially the opening range area. Keep an eye on it for sure. So again, Tesla take on the way down, best stock ever. It really is. It really is the best stock ever. Buy, do, new, lows. Watch for the second entry. That's what I did, right? I scratched on that sucker, messed it up. Yeah, so I even said, I go to 262.2030. That's the second entry and damn thing went up two points. I suck. I suck, right? So bad. So nice early short on Tesla. And again, this is kind of what we talked about. Nice early short on Tesla. We were watching for that 552, 553 area that never obviously confirmed. But you can see here, repeat, 560 weekly coal buyers just stepped in aggressively. Aggressively, until a one after another after another. Here was a big move on Boeing. 149.85, 150 needs to build for a spike. And again, that's my point. I was sell buys Boeing into, sell buys Boeing into coming into today. And again, there was no downward channels. And here is right here. This 150 area just absolutely exploded went to 154 on Boeing. I mean, big move. I mean, really, really big move on Boeing. And I said, hey, take on the way up. Wow, yeah. I mean, $3, $4 candle on Boeing is pretty big. So again, it's not about being right. Hell, it's not even about being smart. It's not even a being rational anymore, guys. Trade the market, trade the ranges, have an open mind. If your bias is wrong, don't be stubborn. The most important thing to do is take it day by day, trade by trade, intelligently, smart, stay home. I love you guys. Tomorrow's the last day of the week. And with God's help, I'll see you all 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.