 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 morning, everybody. Welcome to another edition of the AccessToTrader.com weekend wrap up show for all you guys who are joining us from various social media platforms. Welcome. Welcome to the weekly show. Hope everybody is living their best life. Happy weekend. Hopefully you guys are enjoying the weekend. First time wearing a sweatshirt. That's it. Weather's slowly starting to turn on the East Coast. And again, it's beautiful outside. 65, 70 degrees. I know that's not going to last. Hopefully you guys are taking advantage of a beautiful, beautiful day. First and foremost, I want to thank everybody who came out to our third installment of the PS60 workshop yesterday. I went four hours. I was literally speaking for four hours. I got a lot of great feedback, a lot of great content in there. A lot of added content to what we've been doing for year, year and after year. And for all you guys who did miss it, because I know a lot of people either on vacation or vacation, I've got a lot of emails. It will be available to the general public later, either this week or early next week. So definitely look out for that. It's absolutely a great tool to put in your workshop. Even if you don't trade specific pivots, we talk about it within the process of different supply zones and rejection areas and different areas of sneaky pivots. You could definitely apply that to what you're currently doing. And if you are trading on a smaller timeframe, it really does expand what you could possibly see, right? What you could possibly see when you expand that timeframe to a larger interval. So good morning, right? Good morning, guys. So let's talk about the market. Yesterday, my voice was completely shot. I recovered. I recovered this morning, so getting guys ready for the week. So you want to fight? We got to fight. So this is not going to end well. Okay, Trump, China, my, you know, my you know what is bigger than yours. It's a pissing contest. I've been saying this for weeks and weeks and weeks. I don't believe a deal with this current administration is going to take place. I just don't. It's just my opinion. It could be wrong. There's nothing to do. You know, I don't care if you're for Trump against Trump. I don't care either way. Okay, I respect the office of the presidency and I don't care who's in office because it doesn't affect my life. And I don't say that in one way or another. It's just my personal reality. But I just don't think that China wants to strike a deal with this current administration. Nothing was going on for two weeks and there was no peep out of China. They finally responded Friday and they're talking about 75 billion tax, tax, tax, tariff, tariff, tariff as of September 1st. And again, nobody wins in a pissing contest. It's just the reality. It's nobody will win in a situation that there is no winners because again, there's egos involved. And this morning or last night, there was a headline that came out of Trump, whether he tweeted, whatever the case may be. And he said that he actually regretted, okay, regretted that the trade war kind of escalated to where it is in current current current note. And then ironically, the White House immediately retracted that statement. So what this is doing for the markets, okay, it's not even structurally it's not even structurally broken yet. And I'll show you why technically, if you look at the QQQs, okay, and again, not really horrific stats across the board yet. Like four weeks in a row, that the Dow is down, all that good stuff. Nobody really cares about that. So materialistically from the technical point of view, because again, I don't get into politics. I don't get into bond yields. It doesn't affect my trading. I don't think it affects anybody's trading in the live webinar or anybody that's affiliated with us. Because again, we're trading confirmation channels. Okay, we don't care which way the channels and confirm up down as long as it confirms. Okay, as long as this confirms, long as there's a range, and there's a measure potential in that range, that's all we care about. If you look at Friday's Pivot, so we'll get that in a few minutes. You kind of see exactly why that you have to confirm, you have to conform to kind of what the market is telling us or where the sentiment is telling us. And right now, if you look at the technical view on the QQs, right, you have a 3% move in the NASDAQ composite. Right, but we're still trapped in this range. Okay, so again, the bear case as well, we're going to start breaking down this range because there's so much uncertainty. And this is only the first or second inning of a major, major recession and this that the other thing. Yeah, maybe, right, maybe we don't know that again, as we talked about in the workshop, we're not in the guessing business. Okay, and I showed perfect examples of what happens if you guess we were looking, for example, we were doing kind of a live exercise. Right, live exercise of a chart on Tesla. And I said, okay, guys, what do you think is going to happen next? And the point is, half people set up, half the people set down. Again, we're not in the guessing business. Okay, we're in the collection of data that we talk about every single week, and we are waiting patiently for that data to get confirmed. And once it confirms, we're waiting patiently for that second entry to give us that, you know, the really, really good green light. And again, like we saw, we talked about and we saw very, very aggressive moves on Friday's session. So technically, this is where we are. Okay, if you look at the bottom of the range here, the Q's 181, right? 181 is the big area. There is no, again, room for interpretation. Again, for all your new traders that think you have to prove to yourself to somebody that you're right, that this one, I'm long Amazon, I'm long this, I'm long that. It's going to be a 3,000. Nobody cares. Again, guys, nobody cares. Save your breath. If you're a professional trader, your only worry is about the data. You don't care what Joe Blow from Memphis, Tennessee is saying. You just don't care. Guys, remember that. When you're approaching a professional trader and you're giving your opinion about that trader's trade, it's like, it's literally like a mosquito on an elephant's ass. You don't even know me there, okay? Because the most important part of trading, and I say this so many times, the ultimate equalizer is price action, okay? If the sentiment is cloudy and there is uncertainty and there's materialistic events like a trade war, an escalating trade war that can only get worse because, again, we're not seeing any signs for it to get better. The sentiment is going to be down. Again, nobody cares that Amazon might be at $3,000 a share of four years from now. We don't care. We care that Amazon, and by the way, I lost money on Amazon just on Friday. I completely messed up the trade amount. Not a big loss, but the point is, I'll show you guys in a second, which is the most ironic part because I kind of messed up. But nobody cares about your long-term opinion in stock. We're trading for the now. We're trying to win our interval. We're not trying to guess the closing price. All we're trying to do, okay? All we're trying to do is make sure that our theory, okay? Our theory is backed up in confirmation. So, again, if you believe Amazon is going to be $2,500 three years from now, God bless. We just don't want to hear it, okay? We just don't want to hear it because, again, that's not what we're looking to do at the moment. And again, traders versus investors are apples and oranges. Our timelines are different. Our approach is different. And our results are probably going to be different, especially for that interval because, again, we're going with the market sentiment and not against it. So, going into this week, again, guys, there's no room for interpretation. This 181 level on the Qs is huge, huge. Any close below, right? Any close below 181 on the Qs, you have your first measure potential if you believe in a theory that stocks straight from supply to supply and demand to demand. Your first move is going to be to $79.50. Any close below $79.50. And you can see that as the low from $85, right? $85, you have all the way move all the way down to $176. This 181 on a closing basis is a monster number, okay? Again, I don't want to hear about what's going to happen three years from now, two years from now, two weeks from now. This 181 is a do or die. There's no interpretation. To the upside, as you can see, again, we are in this channel. It kept on getting rejected off this $89.60 level. That is the high from $8.13, $89.60, $89.23, $89.46. So again, the top of the range here is $89.60. The bottom of the range is $81. Again, you don't need to listen to what I'm saying. These are the facts, okay? These are the facts. You can go, you can try to buy in dips as long as you want. But again, Qs close at 181. This is a very, very good chance. You're going to lose money on your dip buying. It's all fun and games until the dips keep on dipping. So just remember that, okay? You don't need to listen to me, right? What the hell do I know? You don't need to listen to me. But again, look at the market, read the news, listen to the sentiment. There are no breakouts. Are there stocks that are moving up every single day? Yeah, sure. Absolutely. There are always going to be stocks that are moving up. There's always earnings plays, catalysts plays, this, that, pumps, dumps, spread, blah, blah, blah, blah, right? But again, your job is not to try to find a needle in a haystack. It's just not. Your job is to find a macro sentiment, understand that macro sentiment, and ride that sentiment. It's like a surfer. Ride the sentiment. Okay, you're not going against it. You're going with it. So your game plan should be revolved around what you're seeing in reality. Not fantasy, right? You're not looking for some $3 stock that's going to break out in a market that is escalating in a materialistic trade war. Okay, you're trying to find a market that you can find a better value, the biggest value of stocks that are mirroring, right? The mirroring of the price action, especially on the Qs, that are about to break down potentially if we close below 181, potentially breaking down with a macro view, right? Not against it, but the macro view. So hopefully, again, for all you guys again, everybody's an adult. I will never tell another adult how to allocate their money. Okay, you work for your money. You deserve your money. But at the same time, the only thing I don't want to, just don't tell me where you think your stock, your investment, investment, and that's the key word is going to be three years from now. I don't care. Okay, I don't care. And again, at the end of the day is the most important part of trading. Okay, there's an instant judge and jury on your trade. You're either going to be right or you're going to be wrong. And again, no disrespect to anybody. I just don't want to hear your position on why you think a stock is going to be higher. It just doesn't matter to me. Again, I don't think, and I think I could speak for any professional traders who have been doing this for a long time. We just don't care. If it makes you feel better, God bless. It's a free form. We just don't care. So going to this week, again, 89, 60 to the upside, 181 to the downside. Again, everything in the middle is kind of irrelevant from the macro point of view. Can we get a potential washout on Monday and reclaiming the 50-day moving average and kind of bouncing higher? Absolutely. That's on the table. Okay, that's definitely on the table. I'm not naive. I'm not sitting there and saying, well, just because there's macro news, we're going to go to hell in a handbasket. The technical levels are still there to be obeyed. You have to obey those levels. So if we have a worst case scenario, well, not worst case, but a best case scenario of breaking down, right? Breaking down below a gap down below this 181 level, a reclaim at somewhere in the morning, right? Stock starts taking out 10 a.m., 11 channels, and the futures start firming up, and there's option flow in the directional bias of the balance. Absolutely. This will be actually a pretty good opportunity. Because again, if you believe in the stock, in theory stocks are from supply to supply, if we hold here and reclaim here on the close, yeah, then we go back higher. But again, until that happens, you have to be open-minded, have to really look at the data, have to see how the futures act, have to see how the stocks react to news, and all that good stuff. Again, we're not bulls, we're not bears, we're opportunities. And again, clear mind, no expectations equals no disappointments. So let's look at Friday's action. There's some really, really good moves. I thought the week was solid. I thought the week was really, really solid. I messed up the Amazon pivot. I'll show you that in a second. So here it is, here it is. Again, this is the Twitter feed now, guys. We're now specifically broadcasting all these live pivot feeds on the Twitter feed. So for all you guys who are just doing this on the Twitter feed, again, there is no omitting, there is no editing. These are the pivots. This is all we trade. And again, a lot of times, if things get really, really busy, the live webinar, sometimes I'll just forget to put in a pivot into the feed, because again, we're kind of in the middle of trading the pivot. But more chances than not, it's going to be in this feed. And again, there's a huge difference between the live webinar and the Twitter feed. The Twitter feed just shows all the feed. And the live webinar is Trader Development. It's the option flows, the Squawk Box, live 7-hour coverage, screen share, all that stuff to make sure that you are pointed in the right direction of your development. So let's talk about Friday's pivots. Again, sentiment, right? We know the sentiment. We're waiting for confirmation. And we're waiting for the second entry in that confirmation. Netflix 293 big area, if it builds below, can flush. Again, here's Netflix. 293 was the previous day's low. It also correlated kind of perfectly, right? Kind of perfectly with the 60-minute channel being below, being below support, which is a lower Bollinger Man. And pretty good move. Went down to like 90 and change. Nice move on Netflix. B-Y-N-D. B-Y-N-D, this is going to be the number, guys. This is going to be the number. It held up 46 several times, right? 46 several times. You know it's coming. You know it's coming. Any close below 146 on B-Y-N-D, right? There's a big, big measure of potential there. Again, you can see, again, even if you're not a professional chartist and only trained for a couple of years, you can just see it visually, right? Rejected off to 10. Rejected off to 10. And now it just needs to confirm below the five, right? The five-day, again, and I really talked about it a lot in the workshop, the five-day for me is the shortest sentiment, okay? The shortest type of sentiment that you can have any close below the five-day moving average on B-Y-N-D. I think there's a measure of potential 136. And if it takes up 136, it goes to 127. And then, you know, then I think it's going to really, really get aggressive. So obviously, that did not trigger Tesla. Really, you know, Tesla, I caught this trade. I caught the Tesla trade. 217 needed to build. Again, here's 217. Here's the 217 pivot, right? 217, 217 went the all the way down to 210. Again, I personally think this thing starts building below 210 on Monday. I mean, look at which downside you have. You have a lot of room. So nice job on Tesla. NVIDIA destroyed. 168 and a quarter, 168 if it builds below can flush. Here was NVIDIA, right? Here's NVIDIA. Here's NVIDIA. Here's the 60-minute channel on NVIDIA. It was right over here. It was your first opening range candle. This one wasn't as exotic as some of the others. It was a little bit easier spot. But again, here, again, you don't need to be creative. You don't need to trick everybody. You don't need to trick yourself. Sometimes pivots are, you know, pretty obvious and pretty clean. You can see this whole 168 level, right? 168 level. So once it confirmed down and went to the first support of 6640s and then obviously that 6640s really, really kicked in when the whole China news broke and just a massive, massive move all the way down to the 160 level. Footlocker, again, pretty basic, right? Pretty basic opening range low. Footlocker 36 is pre-market lows. If it builds below, it could flush more. Here is Footlocker, right? So here is your first move on Footlocker. Again, stocks just don't randomly stop, okay? There are areas of interest that if you don't know, if you don't have supply zones or demand zones on your charts, you won't know why they randomly start. Again, this isn't, you know, this isn't the Wiley and Coyote. The Wiley Coyote dropping an anvil on the road runner and the anvil stops in the air and goes back up. The stocks stop at very, very specific supply and demand zones and you can see here pre-market, if you didn't know that 36 was support, initial support, you know, again, you might have shortened the stock at 36 in the beginning with no reason of watching the stock go back, you know, two and a half dollars. But again, 36 was low. It confirmed the low. The stock got absolutely killed on Footlocker. DCPH never triggered to the upside, obviously. GO never triggered to the upside, obviously. CRM never triggered to the upside, obviously. Here's where I messed up. Okay, here's where I messed up. Okay. So I tweeted out, I go Amazon 1787 if it builds below it can flush, right? So here's Amazon's and again, I want the blues in like a little less than four points in the trade. It's not the point. It's not the point of the losses. The point is exactly what happened. I kind of mistreated it. So here is the Amazon pivot. So here's this initial can write this whole initial range and this whole initial range is from all the way from the 19th, right? So you're talking about three, four days of initial range and it puts in an initial low of 1788. Everybody see that guys, right? 1788 is the initial low. So what I did was when I saw the news on when I saw the whisperings of China news, when that guy, I think that reporter from China was talking about it, the official news didn't break. Okay. So Amazon goes down to 1784, right? It goes down to 1784 and it snaps back, right? It snaps back. The problem was I didn't let it snap back enough for a second entry trade. So when it came starting going back down, I had a little bit of FOMO because I had a feeling to pull the plug in the market. So I had a little bit of FOMO. Usually I eat 99% of the time. I won't have FOMO. I had FOMO on this trade and I shorted the stock. It goes down like two, three points right away and then you had some news coming out of the White House and you had the stock line back up. You had the stock line back up and again, I took it like a little bit less on the loss on it. It's not the point of the loss. The point is I mistreated the stock. I needed to have the stock retrace much, much more than only a couple of points. And I asked Andrew about it. Andrew was actually, Andrew Cardova in our room. He trades Amazon amazingly. He trades, he probably 99, 95% of all his trades are Amazon and he does very well, 30, 40, 50 points trading channels, trading channels throughout the week. And I asked him, I go, did I not let it bounce back enough for a second entry? And that was the key. He said, yeah, I should have let it bounce back a little more than the two, three points. And that's where I screwed up because again, I had a little bit of FOMO. But again, I have no ego. I actually asked the gentleman who's trading a year about his experience in something that he's much more familiar with the tendencies of the specific stock than I am. And again, when you're a trader and you're a new trader, leave your ego at the door, man. Leave your bravado at the door. It's okay to ask questions for somebody that knows a little bit more about it than you do, right? I know the tendencies of Tesla. I know the tendencies of Netflix. I know the tendencies of NVIDIA and BYND by now. But Amazon is a different animal. Unless you're trading Amazon every day like he does, I need some advice as well. So again, for all you new traders who are afraid to ask questions or embarrassed, I'm doing this for 20. Andrew's doing this for a year. And I asked him his opinion on Amazon. And now I understand it and going forward, I'll be much more, I'll be much more, I'll be smarter for it. So I screwed up. All I needed to do was wait for it to bounce back a little more and then go through the second entry because the second entry was worth, if I screwed up, it would have been worth 25 points. So I messed up. Again, I don't dwell on the trades that we do well on. That's the point. The pivots should work. I always look at the trades that I messed up and try to figure out where I screwed up so it hopefully doesn't happen again in the future. But again, it was a very, very aggressive market. You don't have time to overthink. Hell, you don't have time to think. It's a very reactionary market. And I've said this now for weeks and weeks and weeks. If you're a new trader, you're seeing the market structure break down right in front of you. It's okay if you're trading a year and you don't have a process, the only thing you do is buy breakouts. It's probably not the market for you. Again, I say this all the time. God gave you two ears, two eyes, two feet, two hands. You've got to trade both sides of the market. If you really want to be a professional trader and not a person who buys stocks in the bull market, you've got to trade both sides of the market. I mean, you don't have to, right? You don't have to do anything. It's a free country. You don't have to do anything. But again, for your development, for your potential longevity in any type of market cycle, you really should start at least getting into the other side of the trade. Because again, when the market structure breaks down, some of these trades are ridiculously aggressive, right? Absolutely ridiculously aggressive, as we see all the time in the daily webinar, especially on downturns of the market. So let's get into tomorrow's session, guys. I want to give you guys some ideas for tomorrow. Again, in a market like this, you really don't need to overthink. You just don't. Again, sometimes, again, I would say 90, 95% of the stocks I trade are the same stocks over and over again. Same names, Tesla, Netflix. I mean, literally the same names. Because again, I truly believe if you know the tendencies of the stocks you're trading, you kind of know what to expect. When you trade random stocks, and again, I trade random stocks when you're in there, you don't have a track record with their trading tendencies. You don't have the ability to say, well, wait a minute, if the stock does this at this interval, it should work. You don't have that relationship with that stock. That's why I keep on trading the same names over and over again. So when I made my game plan for tomorrow, the names that I put on the list, I literally made my list within five minutes. I mean, literally probably less than three minutes, because again, you don't need to be very, very, you don't need to be very, very sophisticated when it comes to a potential market breakdown. Technically, all you need to do is to find the vehicles that are going to make you very, very comfortable trading. So let's talk about, right? Tesla, pretty basic stuff, right? Pretty basic stuff. Breakdown below 211 or opening range low has a tremendous, absolutely tremendous measure of potential. Again, nobody's saying it's going to go 180 tomorrow, but again, you can see how much airspace you have and how much measure of potential you have from this area to this area. But again, I will be watching Tesla and the market gods are listening. Somehow if you guys can open the market higher tomorrow, it would be great. Okay, it would be absolutely great. I just don't want to see any big aggressive gap down because it makes the day a little bit tougher, because again, the value on a big aggressive gap down will be to the upside, and then you have to be a lot more patient compared to if we get a gap up, for example, in all the names I'm looking to short, start getting weaker, start putting in lower highs on a 60 minute channel, the trade becomes much more high probable. Some fingers crossed, we're hoping for kind of a gap up for tomorrow. But again, Tesla, we are watching below this 211, 210 breakdown. BY and D, again, once it loses its five day moving average and this is my focal point of the day. If this thing loses, this loses its range, guys. It's over, man. I don't care how much, how much, how many rose color glasses you're wearing. I'm telling you, this thing loses the five day moving average. This thing's toast. Your first initial move could be to 136, and if it loses 136, it goes to 127. And looking at it from a puncher's, you know, puncher's chance lottery type of point of view, any close blow 127 starts filling in this whole gap at one weight. But again, can't put the cart in front of the horse. First, it needs to reclaim the five day support. I mean, look at Amazon. Again, it might be $3,000 one day. Not gonna be that tomorrow. Again, look at this whole channel here. First close blow, the 200 day moving average. If it starts reclaiming Friday's lows, I mean, you have initial move is about $15, $17. And any close blow, 1730, you have room all the way down to 1683. So that's gonna be a very, very important area. Netflix looks like it wants to challenge the lows of August the 15th. I will be watching this channel break down of the 60 minute move for a measure potential move to 88. And if they go any close blow 87, as you can see, that'll be the initial support. Any close blow 87 has a lot more downside to it. Monster Ben is a monster monster. Yeah, monster beverage. Again, you know, it's this is going to break down. I mean, it stopped perfectly. It's linear regression line. If it starts building down below 55, 55, 50, 55, you have measure potential to about 53 and a half. HSIC, HSIC, you know, it's breaking down. I mean, what's, I mean, again, these are pretty basic charts. You know, they're breaking down. The low of HSIC was 59 and a quarter for Friday. You know, just watch the price action. Watch the confirmation. If you're building 59 and a quarter, 59, it should get a cash flow move to 58. Again, not every stock trades like Tesla will give you potential eight, nine points. Sometimes 50 cents, 70 cents, 40 cents a dollar is all you're going to get. But again, it all adds up at the end. So again, going to this week, again, how do you not have a self sentiment? I am watching for a possible washout and reclaim what we talked about a few minutes ago. But at the end of the day, guys, go with the flow. Don't go against it. Again, you don't want to piss into the wind because, well, you know what happens. Have a great weekend, everybody. Enjoy your life. Again, the video, the workshop recording will be available for the general public somewhere later into next week. It's an awesome, awesome, it really is an awesome fit for your educational libraries. Four hours, a lot of great content. And the most important part is giving you an alternative view to the normal. Guys, have a great week. God bless. I'll see you all in the field tomorrow. To get started today.