 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. So I woke up today. I was already up in about about a quarter to five, five o'clock in the morning. I just couldn't sleep. And I kind of, I looked at the futures, they're up 300 points. I looked at, you know, just kind of the pre-market movers. And this is again, keep this in mind. This is five o'clock in the morning. For whatever reason, I just couldn't sleep. So I woke up very, very early today and the Dow futures were up like 350. Tesla was up like the $820 a share, right? And all I kept on thinking to myself was, well, I'm not, you know, I'm dead tired. My eyes are bleeding. I'm really going to need a lot of coffee today. That's the first thing I thought about. And the reason why I'm bringing this to your attention is in this type of tape, you got to be very, very alert. You have to be incredibly on the ball. The price action that we're seeing right now, not just in Tesla. We'll get to Tesla in a second. But it's such aggressive action that you really need to stay sharp and be on the ball. Because if you're not, forget about the idea of linear bull market and all that good stuff. This market is unforgiving. I mean, it really, really is unforgiving. And for traders who are trying to pick tops and trying to pick bottoms and everything in between, you'll soon to come to realize that the market, again, will only take you as far as your ability to stay solid. So you could be the smartest guy in the room. But if the market dictates price action to be completely the opposite of what you think, usually the smartest guys in the rooms are the ones that go broke first. And you could completely see this with this irrational tape that we're seeing now. Friday, it's like it never happened. The 600-point drop in the market yesterday went up about 50% of its losses, only to close up 25% of its losses from the previous day. And today, just like nothing, the Dow was up almost 500 at one point completely. Nothing happened. And it's amazing. It's one of the more unique markets I think I've seen. I think that's a very, very fair way to say it. So when you come in every single day, and again, I think a lot of people also got caught short last night just because of how much of the highs, how far from the highs we came. So a lot of people got killed as well. They were short overnight. And again, they had every right to. But what we're seeing is truly a unique market. I was on the phone in the live webinar with my friend Mike. And we were just kind of talking about how the internet craze was. And it really is amazing. It really is amazing how much attention there was to 10, 15, 20 stocks a day, like we're seeing with a Tesla today. And I think what we discussed last night in the video about how there's so many fear of missing out traders. And again, you saw a crazy move today all day in Tesla. At one point, the stock was up like 200. I don't even remember what the exact numbers were. You had bets. You have million, multimillion dollar bets on the Tesla name weeklies. Somebody was betting 1,000 on the weeklies, 1180s on the weeklies. I mean, just crazy. People were talking about, hey, the 1,500 calls is only $4. I mean, 1,500 calls. That's 800 points from now. So I think a lot of people got, I think a lot of people really, really saw kind of a really ugly reality today. I really do. And when you look, for example, what a Tesla did, and this is why I talked about it last night in the video, I just didn't want any piece of it. When you have a stock that's trending, trending, trending, and then drops 100 points within a few minutes. I mean, the short's got squeezed today. The longest got killed today, again, anticipating a $1,000 move today. For tomorrow, people are saying, oh, this is going to be 1,000 in the overnight. Maybe, maybe it will not. But again, you really quickly see how fast your mortality, right? How fast your mortality could quickly just come to an end in a market like this. And it's a very aggressive tape. And again, I said yesterday, I want nothing to do with Tesla. I really don't because it's just, you can't control. It's like trying to control a wild animal, like a lion or a tiger in your living room. If they want to eat your food, and that's what's going to happen. And again, if you're trading this and you watch these videos and say, hey, it can't happen to me, it can't happen to me, it's going to happen. And we saw exactly firsthand what could happen in this thing. And it was very, very aggressive. So overall market, again, very, very strong, like I said in last night's video, there's easier ways to get into the go line. It was a little bit of a choppier session today. Netflix was good on a delayed reaction. Roku was good. I was in Netflix eight three times, right? Three times. I finally caught the move, right? I was in Roku today, right? I was in Roku today, caught the initial move, caught the initial move, got stopped out, break even on the balance, kind of watch them move up a little bit, they get killed and watch them move a little bit. So a lot of these names today, even though they made good moves, and beyond putting a really, really good move, we'll talk about the individual pips in a second. As we discussed today in the live webinar, you know, it wasn't like the prototype, you buy Netflix at this number and you're putting up a $5 candle. It was more like you're buying Netflix, it goes up a dollar, a dollar and a half, sells off a dollar, goes back up another dollar and a half, sells off a dollar. And that's how we kept on seeing. Again, it turned out fine. The trade turned out to be fine. The day turned out to be fine. It was a pretty decent day. But again, there's so many hiccups because again, people are not seeing, right? People are not seeing the rotational balance that is necessary for the market to get good liquidity. It's all fixated on Tesla. And when you have bystanders talking about the stock instead of trading the stock, other names are going to suffer, right? Let me really realistically, if you look the way Netflix today traded, right? I got long, it was a 50 cent spread. Again, two days in a row, 50 cent spread then it finally went, right? 50, 60 cent spread, it finally went. Same thing on Roku. You know, there was a big spread. It danced around a little bit, finally exploded. Same thing with BYND. It danced around a little bit, finally exploded. So the market is very, very strong. Price action is very strong. The bulls are in command, but God Almighty, man. Today it felt to me and it was fine. It was a decent day. It was solid. It was fine. Whatever adjective you want to use. But man, oh man, it's only Tuesday. It's only freaking Tuesday. And it's amazing how so much stuff is going on and how tired you could really get engulfed in price action like this. But again, that's why we said yesterday, this is the greatest reality show that's not on TV. So again, going into tomorrow, I mean, if you're looking for kind of a sell area on Tesla, you have to wait for those lower highs and you have to wait for this whole channel to be confirmed. Again, maybe it could be in the low 40s, maybe in the 30s. Again, this is something we definitely want to watch tomorrow. But I mean, how many shares can you control this thing? Again, if you're trading the equity side of this thing, it's not like you're making an options bet. It's not like you have covered puts and you say to yourself, well, I'm risking X. If you're trading on the equity side, again, how much, how many shares can you control? How much pain can you sit there without really having blood flow out of your eyes and passing a kidney stone? These are real, real questions. And again, I see all of the social media, you know, people just say, oh, I'm long Tesla, I'm short Tesla. Do you guys realize this thing is taking $30, $40 swings? I mean, what are people trading three shares? It's the most amazing thing. Look, if you want to be right, if you want to be a color commenter, social media is the right place to be. If you're going to trade these things, really understand the defined risk or the lack of it that we're up against here. There was a pivot I put into the live webinar. I said, hey, this damn thing gets above $9.20. I think it could go. This thing runs up 40 points. Again, even if you're long from $9.20, how can you sit in short down to 40 points? Again, there's a difference between trading and there's a difference between fantasy world. I don't know where everybody lives in, but again, I personally sat out Tesla today. I'm very happy I did better attention and better areas of value. And let's talk about tomorrow. Yeah, I mean, look, it's going to be a defined pivot on, if there's a backside move, again, don't think for a second that Tesla's going to open down and then go straight down 150 points. Maybe it will, maybe it won't. There's going to be a lot of green to red, red to green, green to red. And then finally, this whole channel needs to be confirmed. It's going to take some time. It's going to take some time. So if you are an eager beaver and you want to turn around and say, I want to be short Tesla, yes, so did everybody else last 400 points. Just relax. Let the channels confirm. And let's start putting in multiple lower highs in the 60 minute channel. Once it confirms a 60, that's a whole different story. At least you have a defined edge and a max pain. So keep an eye on that. But some decent pivots for sure. ZM 91, 50, 92. We talked about this pre-market. It didn't, again, didn't put up a huge move, but a dollar in change before a nasty roll, a nasty pull on that. Netflix 362 Jesus. I was in this thing three times today. I finally got it right. But 362, and two out of those three trades are flat. But then I finally got it right on my third try. It was just so, it was just trading so ridiculous until it finally exploded. So here was Netflix. Here was Netflix, that 362 area right here. We talked about this area. And finally, literally, finally on the third candle, it finally went. So it turned out to be a pretty good trade, but good versus great. Maybe not so much, but again, it is what it is. So we talked about, we talked about, we talked about ZM, we talked about Netflix. And the video, you know, good news came out. We got our, we got our news feed pretty early on the Squawk box. And the video was getting into the streaming, video game business $4.99 a month. We caught that 4650 pivot. I still like it. I still like it. I think the stock tomorrow goes, the macro breakover is over that 50 area, but a pretty good move there. NOW is just a beast. We talked about this pre-market. NOW 448 needs to build and explode it. You know, explode it up to that 355 area. AXM didn't really do anything. AXSM, it traded to like 95. And again, don't, don't let this candle fool you. It didn't do anything in the morning. It went up to like 95, 95 and a half. They kind of really reversed. I didn't even see it go back up. So I had no, no interest in this thing. RideAid stopped right at, right in between, excuse me, right, stopped right in between this 1290, 13 area. Really needs to confirm this 13. BYND was a big move. BYND indeed was a big move. We talked about this 109 needs to build. So here is BYND, right? Look at this. This is what I mean. This is what we talk about sneaky channels when you hear me talking about it. So the top of the supply here was right here, 10880. And so it needed to build this area. And again, a lot of people trade off daily channels. So somebody asked me to say, well, how come 118 is not the spot? Again, it is the spot macro, but there are channels within channels. It's called the meat of the move. And here was the 109 pivot and the big move, really, really big move. Went all the way up to 14 on BYND. RVNC, I didn't even watch it. RVNC, I didn't even watch it. What did it do today? Nah, nothing really. It basically just reclaimed the rebound and just stood in the same area. Nothing really there. RVNC, Roku. Yeah, Roku was good. I traded Roku as well. Roku, we talked about the 131 break. We talked about 131 break. He was the 131 break. And the traded as high as the 33. I kind of like it. If this thing reclaimed 33, I definitely like it. But that was a good move. I mean, it was a decent move. Two thirds on the way up. And my last 30, I got broken even. Netflix, soil is good. And here's my point, right? Here's my point. So I go, I feel dirty saying this. Again, I didn't take this trade. I said this in the beginning of the day. I'm not trading Tesla. Again, I think you need to be in control of these trades to make money. And again, I know I wasn't going to do any size. I knew I wasn't going to sit in the trade for 30, 40 points. That's ridiculous. I never do so. Why should I start now? So again, I just left it on the table. So I basically say, hey, look, this damn thing feels incredibly dirty, even to say out loud. 920 for build. You could see 940s. I said, new traders stay away. It gets just not for you guys. It blew through 940s. I went to like 960s. But again, if you weren't careful, and I say this every day, man, nobody's going to tap you on the shoulder and say, hey, by the way, this is going to come. And this came very, very aggressively. Again, hopefully you guys are all safe. And now it's back to $900 a share. I like a few things for tomorrow. Primarily, I like beta for tomorrow. I love Amazon for tomorrow. I think that looks great. Let me give you guys some non-beta names that I like for tomorrow. This space looks pretty good. Big move, big, big move, consolidation. It needs to really reclaim this $20 area. If it reclaims $20, I think this thing can go. I like this SNDX. That looks pretty good as well. Again, I don't know what the hell this thing is, but if it starts building over $11, this thing can go as well. Everything else is beta. Everything else is beta. I like Amazon on dips on the rising 60-minute support. I like Apple on dips. I like NVIDIA on dips. I like Netflix on dips after the close. You had Disney earnings that looked pretty good. We'll see if it affects Netflix tomorrow. Chipotle, apparently, they are selling a lot of Chipoltes and burritos and everything in between. We'll see what happens there. Please get the morning strategy early tomorrow. We'll discuss all the beta pivots crazy. Again, it's only Tuesday. Guys, God bless. I'll see you all tomorrow. 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? 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