 Welcome to Access a 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 everybody, welcome to another edition of theaccesandtrader.com nightly wrap up show. Hope everybody had a good trading day. Pretty much played out like we talked about yesterday. Again, when we identified the possible reversal midday yesterday and we saw that really, really aggressive 4% decline from the top to the bottom. We talked about this last night in the video, so it shouldn't have been any surprise to anybody today that I was praying for a gap up. I said please, market gods, just give us a gap up. And we got the gap up. We got the gap up. And I said this last night in the video. I said this yesterday on the Twitter feed. I said this morning, anybody who bought the gap up today in supply. I mean, I wanted to be a little more sensitive, but they were dead. They were absolutely dead. And, you know, we talked about this. So I could understand if you were a newer trader and you saw yesterday's reversal and you got caught in it, you know, we get it, right? But again, if you knew that information, especially if you watched the video last night, you know, I was kept on talking about it in a live webinar tonight. I was, I wasn't 100% sell by us today. I was 1000% sell by us. And every single time there was an uptick in the morning, all I kept on saying is I don't want to buy anything. I literally don't want to buy anything. And if you look at what happened today, again, today was day two of, you know, the plunging, right? Day two of the nasty sell off in the morning. If you look at the final, you know, at the final numbers today with the Dow Jones industrial average, you know, it looks pretty good, right? 500 point move in the Dow. And I really had to ask that question. I go, was the market up or down today? I guess it all depends what you looked at. It all depends what you're trading, what your focus is. But again, it really does show you how, you know, anybody who's been doing this for a very, very long time. Again, not that anybody's smarter than anybody else. I'm sure it's all not smarter than anybody. But again, the longer that you see repetition, this is kind of what we try to, you know, really press the idea of screen time. Even if you are not actively trading the screen time that you get, right? You got six, let's just call it six, six hours a day, right? Six hours a day, five days a week, okay? So you have 30 hours a week of screen time, 120 hours of screen time throughout the month. And again, if you add those numbers up, that's a lot of time that you are building your mental Rolodex. So the more times you see a scenario like this play out, very aggressive reversal, gap up in the market and continuation, you know there's a high probability there's going to be a follow-through. Again, obviously, if you're trading a year or so, two years or so, again, these are baby steps. These are things you haven't come across. But again, things in time will get easier, will get better. Like I've been saying for years, you know, you're going to be a better trader year five than you are year one. You've got a trader year 20 than you are year 10. So all these things that, you know, we're seeing right now. And again, I've been saying experience is much more important than luck. You know, you could be lucky in a trade, but again, if you don't know what you're doing, especially an aggressive, driven headline rapid fluid market like this, you're going to give it all back. And for the amounts of money that people were chasing at any given point. Again, we joked around the George Costanza market. We joked around the scenario that you can buy anywhere and sell higher. Well, that market is gone right now. At least for the time being. The good news is the market did exactly what they had to do. And again, if you didn't participate in the market for the last 24 hours or you were kind of, you know, a little bit uncertain what to do, you missed the sell-off, right? And that's a good thing. I guess, especially if you're a newer trader and you didn't kind of have a lot of conviction of where to go, you kind of missed the selling. So that's a good thing, right? And again, if you notice here, again, stocks want to go from demand to demand to demand. You know, we just quite didn't touch this rising support. But again, this is all we were looking for. Then when we started the broadcast a couple of days ago saying, hey, this is kind of the reality. And again, if you look at what the market did today, especially on the Qs, they held here. They held here. They held here. They held here. They held all this whole range. This is a bullish thing. Okay, that's the good news. So you got the sell-off out of the way. If you did participate in the sell-off, fantastic. It was definitely, we'll get to the pivots in a second. Ridiculous follow-through today. Again, I know a lot of you guys caught some of these moves insane, right? Insane two-day moves of rug pull. But the most important part was the selling is out of the way. At least for now. Again, obviously any close below 250 on the Qs is an instantaneous next leg down. But at least on the surface, you got the selling out of the way. If you were a long-biased trader and kind of sat on the sidelines the last 48 hours or 36 hours, you're fine now. And the good part of it is just from a technical point of view, this put in a close that reclaimed the 10-day moving average and now needs to reclaim the five. That's the good news. The bad news is when you get a sell-off like this, and this was a very, very aggressive sell-off. You're talking about Qs going from 270 to roughly 250, you have 20 points of selling in the Qs in 24 hours, 36 hours. That's kind of a big deal. And what that's going to happen is unlike a lot of other days or a lot of other scenarios that you saw gradual selling for two, three days, that the candles, even though they could be aggressive, they could be very, very structured. This is basically in a two-candle scenario. So the bad news is you're going to fall into a lot of categories that stocks are just entering and if they rally back tomorrow, they're going to be rallying into supply. So for example, if you look at Tesla, again, even though it held a five-day moving average and reclaimed, for Tesla to go higher. And I'm not talking about catching a trade from today's close to 590. I'm talking about for Tesla from macro to go higher, it's going to need to either reclaim 1590 on a close and for Tesla to go lower, it's going to need to reclaim 1794. So you could see that the macro range, although it's incredibly impressive and 100 points, is phenomenal and you could definitely make money within that range. That's the whole point of the sneaky pivots. Just understand from the macro point of view, it's not going anywhere until it confirms macro. So if you look at the 60-minute supply, you can see every single time it kept on rallying, today it got rejected, rally, rejected, rally, rejected. It didn't just start, stop with Tesla. Again, you look at Amazon, same thing, look at Netflix, the same thing, look at Roku, the same thing. So you kind of get the point, right? Facebook, the same thing. So all these stocks are under supply. And even though I believe, right, based on, unless some crazy news comes out, I believe we'll have some sort of debt-cab balance tomorrow, just from the point of how the market close, reclaim the 10-day moving average. I would bet there's some sort of debt-cab balance tomorrow. I really do. The problem is every single chart. I went through many charts today after the close and although I caught some, I found some pretty cool charts and I think they're good. Let me just share a couple of charts for tomorrow just to give you an idea. I don't want to use the word desperate, right? I don't want to use the word desperate. But obviously for all you guys, especially on the Twitter feed and everybody in the live webinar, you kind of know we're pretty beta heavy on our email watch. And since everything's in the middle of the range, we have to be a little bit more creative. Obviously we'll have to watch out tomorrow for some option news, some sort of catalyst. But I found myself with stocks like this, right? On the watch list tonight, FUL. And even though FUL is a beautiful-looking chart, I've never heard of it. I don't know what the hell this is, right? Just to give you an idea. So that's kind of cool. Alcoa, right? What was the last time you saw Alcoa? Excuse me, not Alcoa. Yeah, Alcoa. What was the last time you saw Alcoa on anywhere, anything I do? So you kind of get the point. Even though they're pretty good-looking charts and if they confirm both tomorrow, they look good. So the string of events, if you look at tonight's email alert, you'll see, right? You'll see just a bunch of names, okay? A bunch of names, good-looking charts. But again, that's not my sweet spot. So what does that tell you into tomorrow? So I always tell everybody, especially in new traders, I say to people all the time, look, your trading account is like a high-performance sports car. Whatever that high-performance sports car you want to be, a Porsche, Ferrari, Bugatti, Bentley, whatever your favorite car is, okay? No matter how aggressive that car is, it's not going to do anything. It's not going to perform if it's stuck in midtown Manhattan rush hour traffic. If one of you guys have never been to Manhattan, at five o'clock in Manhattan, in midtown, it's like a parking lot, okay? You're not moving. It's going to take you two hours to get across town, okay? So you have to use that psychology as a trader as well. Just because you have a high-powered process or you think you know what you're doing and you've built the level of consistency, whatever the case may be, sometimes you have to kind of look at the landscape of what's going on and say to yourself, it's time to scale down. It's time to downshift, right? It's time to do whatever I have to do because again, we're not trading because the market's open. We're trading because we have value. And I'm telling you as the day of the long tomorrow, you're going to have a choppy market tomorrow. I'm telling you, okay? All you have to do is look at charts. All you have to do is look at 60-minute supply on your favorite stock and you'll notice high probability than not, you'll have a stock that's underneath supply. So the market is going to wake up and beta is going to wake up tomorrow's session in a weird way. And again, mentally, I'm already prepared for it, okay? So there's not going to be any disappointment and any letdown. Mentally, I already know, it's going to take the market a couple of days to reclaim supply. And if you look at the queues, okay? They're going to need to reclaim the five-day moving average to have any shock to go back to the highs. So knowing this, okay? Especially if you're a new trader, I'm okay with taking one, two, maybe three trades for the day, maybe scalping. Again, my mindset for tomorrow is just scalping. I can't see. Again, I could be wrong and I could be very pleasantly surprised, but I can't see a scenario that we get an expanded channel to the upside tomorrow. To the downside, absolutely, right? Of course, we could get rejected off today's levels, start rolling around and start confirming channels back to the downside. So that I can see. But I can't imagine based on, again, what we're seeing in random names. Facebook, I go, even though, again, these are bullish hammers and I do expect an upward day. Upward doesn't mean a runaway train. Upward just means, well, we closed higher than we opened, right? Well, we closed higher than we closed. So it's going to take the bulls a lot of work. And again, if you are a new trader, again, put your emotions away, okay? Take down your expectations. No one, you shouldn't have any expectations. Again, that is an emotional choice that you're making that belongs nowhere near trading. And tomorrow's session, my only goal tomorrow, you know, wait for the setups, take some cash flow, second entries on everything. I'm looking at tomorrow's day. Again, unless I'm completely wrong and I'm pleasantly surprised, I'm looking at Thursday's session as a sacrificial lamb and we're going to get much more clarity come Friday, number one, and it's always option expiration. Number two, usually you're going to get your ranges expanded after a longer week. We've been seeing that now for several years now. So that's kind of it. You know, that's kind of it. And again, it's not a level of losing face or trying to pretend you're smarter than you are. This is the reality. Again, you have to be an adult. You have to be mature enough to understand when to get into the car and put your foot on the gas and when it's time to just kind of put it into drive and just cruise, right? And just cruise. Start, stop, start, stop. So again, you know, change your speed tomorrow. Lower your expectation. Definitely take down your tier size. 100%. If we're looking for a ping-pong effect tomorrow, a potential chop factor, the last thing you want to do is trade full size. If certain names wake up, and again, obviously you guys are on the email, you'll know what they are. If they confirm and wake up and there's rotation on those names, who's better than us, right? But again, we can't assume that's going to happen. We need technical analysis to confirm. So going into tomorrow, upside bias, 65, 35, right? Again, if that's a lot of conviction. Cash flow, cash flow mode tomorrow. A lot of patience, a lot of data being absorbed. Because again, a lot of times when you get these sacrificial days, it's almost like a baseball analogy. You're just doing the little things. They're not necessarily showing up on the scoreboard tomorrow. But that's going to kind of set you up for the future. So let's talk about today's action. Again, the plan was anything that gaps up, starts losing the previous day's ranges. They're going to get killed. And they just went one by one. I got, you know, this is, you know, value this morning again to the downside. After yesterday's reversal, I want to give the bears every opportunity to confirm. Remember, don't anticipate the move. Way patiently, it's crucial second entries and everything. Good morning. So they got murdered. I mean, stocks got absolutely murdered today. Netflix, the levels are 523, 521 measure potential for initial net measure potential to 515. Netflix turned around and said, hold my beer, forget about 515. It took out this whole range here. It took out 21 and went all the way down to 490 destruction. I'm not going to, I'm not going to sound very enthusiastic with these moves because it's such a long day. And again, for all you guys who don't know, I speak seven hours a day every single day. So by the time I start recording this video, all of my enthusiasm, I don't care how good of a day it was, all my enthusiasm is gone. So we're just, you know, we're not talking about, you know, we're not cheerleading here, we're not putting away the pom-poms. These are just reality of what, you know, putting in a process, doing the homework and letting it kind of play out the next day. Amazon will watch experienced traders, watch for green-to-red. I went the green-to-red pre-market, but I noted 3067 is the big line in the sand from macro downside. Amazon got murdered, absolutely murdered. Here is the 3067, you know, went down like 125 points. Again, born, right? Apple murdered again, 381 five-day support for bills of low-income flush. Again, I was literally, I don't think we had, maybe we had one pivot to the upside, but here is the pivot right here, the 381 went all the way down to 375. Microsoft got murdered, 206 and a quarter, 206 of the bills below-income flush. So you kind of get the point. Everything was sell-by, so again, here's the 206 and a quarter, 206 went all the way down to 202. NVIDIA got destroyed as well, 401 if it builds below-income flush. Here was NVIDIA, right? So here's the 401, went all the way down to 391. Tesla, sneaky areas, 1540, 1530 if it builds below-income flush. Second entry is on everything. The second entry on Tesla was 1518, and it got destroyed. It got absolutely destroyed. So here was the 1518, it went all the way down to 1431. So again, you can see how aggressive these ranges were. NKLA, 52 if it builds below-income flush. NKLA, I think it only went down a dollar. I didn't trade it today, so I have no idea. Yeah, it only went down a dollar, but again, it's a dollar the worst thing in the world. So NKLA, Roku again, 147 held twice if it builds below-income flush. Here was Roku, right? Here's Roku, 147, 147, went all the way down to 142. Again, huge washes. Shop, I quote a piece of this trade as well. I just think of the size that I wanted. 932, 931 if it builds below-income flush more. Again, you get the routine. All these names just got destroyed. So here was 932, right? 932 and just got murdered. Went all the way down to 900 before it rebounded. Zoom got destroyed. Zoom, 256 if it builds below-income flush. 256, and it went all the way down to 240. It got fisted. Nice is what I could say. Square, I quote square for like a dollar and change. And it just imploded more. Square, 1650, 16 if it builds below-income flush. So here was square, right? Here was square. As I was covering my last piece, I'm talking about three seconds later, it went down a little $4. So it went all the way down to 11. Yeah, so that's that there. Boeing never got down to the 73, and that's it. 73, bang, shmoom, zoom, destroyed, blah, blah, blah. You get the picture. You get the picture. Everything did very, very well. I think this is the only long pivot we had. And again, just kind of show you how there's just not a lot of emphasis today to the upside. MRNA 75 rejected three times, needs to build. And again, only put up like a 50 cent candle, right? Oh, now it's going. And now it's going. For all you guys, I was about to say, there was a lot of August 95 calls. I know some of you guys are along the 95 calls. This is just all new to me right now. So congratulations. For all you guys that just took a scalp, it only went up 50 cents. But for all you guys who are along the August 95 calls, I haven't checked the news, obviously, they just saw this now, and it looks pretty damn good. So congratulations to you guys to have that. So again, solid work today. Tomorrow I am expecting some sort of shop fest. But that's okay, right? That's okay. It's all about being an adult. It's all about being mature. And it's all about staying in business. Guys, God bless. Love you all. See you tomorrow. Take care. 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