 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 guys, good to be here, everybody. Welcome to another edition of the AccessaTrader.com Nightly Wrap-Up Show. Hope everybody is doing well. So let's start by the tape. So the indexes really didn't tell the story today. If you look at the final scoreboard, pretty much flat across the board, the Dow, fractional loss, the S&P, and the Nasdaq, fractional gains. Again, nothing really has been decided from the macro point of view, just the way it hasn't been decided in a very, very long time. Again, the bulls are there saying we'll never go down. The bears are saying, you know, we should be going down and somewhere in the middle is the true kind of nature of the market. And the most important part of it is it's your job to figure out your place in it and how to take advantage. I think a lot of traders, and it was kind of a weird day. First of all, from the good part, right, from the good part, there was not necessarily a bad part, but kind of I want to show the good part at least. Again, Amazon continues to be a rock star, right? I mean, at one point we saw continuously, right? If you guys remember, it all started out very innocently, a couple of days back off this 2060 level, and we've been talking about nonstop every single day, 2200, 2300, 2400, 2700 calls. We even saw a June 3000 call. Again, this still potentially at the market doesn't crap out. Potentially could go on a still a parabolic move. So congratulations for all you guys who caught that. It was a weird, weird day, okay? And not in a bad weird way or good weird way is just weird. It was almost to the point that you had to make some tough decisions. So for example, if you are an owner of a restaurant, right? If you are even starting a restaurant, there's a lot of things you have to take into consideration. Number one, where's the location, right? Location, location, location, very, very important. The decoration, very important, the type of cuisine you are serving, very, very important. The prices will either make you or break you, the coolness factor, all that good stuff, right? When you're a professional trader, you have to make decisions after decisions and the decisions. And sometimes the decisions that you are forced to make are not necessarily benefiting you for today. But is going to set a foundation for your trading for the future. So for example, I make a lot of hard choices every single day, right? When I look at a setup, I say, well, let me compare daily to the 60 minute vice versa. Where does the stock, where has the stock come from? Where is this potential? Is it too stretched out? Can I see more upside or downside depending on the market that I'm trading in? And how much risk to reward do I really need to expect before I put on the trade? These are a lot of decisions every single trader, no matter what you're trading. You're faced with every single day. However, the biggest decision, right? The biggest decision a trader can make is the art of understanding and identifying patients. What do I mean by that? Right? Everybody uses the word patients, right? I hear all the time, well, patients, patients, you know, plan you trade, trade your plan, you know, wait for the setup. And again, that's great, right? That's fantastic. And it all makes sense. But a lot of traders will sit there, especially when you're new, because you don't know what you're looking for. You don't understand exactly what you're a patient for. And you have to make decisions. And the problem with making decisions when you are brand new and using the word patients, but not really fully understanding exactly what you're waiting for. Subconsciously, you're putting yourself in a tremendous, tremendous ring of fire without even knowing this. And the longer you are trading, right? The longer you are trading, it makes decisions making a lot easier. So for example, 20 years plus is almost gonna be 21 years very, very soon. I wake up in the morning. I have a plan, right? I have a plan from the night before, usually hear about it on the nightly video. I have an opinion, I have a sentiment, and I just wait for confirmation. And it's okay sometimes that I'll let the day go by. Again, it doesn't happen all the time, but once in a while, if I don't see the value I like, I kind of leave it alone because I always know there'll be a better value play the next day. So today was kind of an odd day, right? I had a good plan coming into today. Obviously, Amazon and any type of weakness, check, check. Tesla, I was waiting for a channel, still waiting for that channel, check, check. And then I liked stocks, for example, when I came in today, I said, well, you know, the last night we were talking about Apple, and I wound up watching Apple, you know, trade, not really the area that I wanted. Last night I was watching for the, you know, we talked about this briefly this morning, this morning strategy, I like the 322 level, 323.5, 324, not so much. I had an opportunity this morning to say, well, I kind of like this Roku, I like the kind of this pivot, do I really want to chase Roku up $6, $7? Again, made a choice, didn't trade it. Nvidia, again, big, big run two days ago, big, big run yesterday. The stock, again, here was the pivot in the morning and I said to myself, well, do I really want to chase Nvidia after a 20 point move up another $5? So I had the opportunity today, right? I had the opportunity today and I kind of said to myself, you know what, the risk parameters versus the overall reward, I can't live with that, right? I can't live with that. And again, yada, yada, yada, the pivots worked. I didn't take those pivots because, again, I wanted to make sure that I was safe. I always lead with my shield. I don't leave my chin. It's always about risk first, right? Risk first, mentality first, protection of capital first, and then see what we get, okay? So I kind of let my window today in the morning dry up, right? I sort of kind of closed and I sat there and I sat there this morning. I said to myself, well, what can I do? I'm like, what can I do now? And if this was me 15 years ago, 18 years ago, I would have been, you know, looking to see where's the next one? You know, what's the next one? Where's the next one? I have to trade. I have to trade. I have to trade. The problem is when you have to trade, it's an emotional decision, okay? You want to trade. But remember, you don't have to trade. You want to trade, but you don't have to trade. And the problem with that is when you're new to trading, you believe, again, because social media tells you every single day and Jim Pramer and all these different sources of outlets of news, they'll tell you there's always an opportunity somewhere. And again, in the rabbit bull market, they're probably right. The problem is you are going to be putting yourself in a very vulnerable state because again, a lot of the opportunity, for example, happened weeks ago, okay? And it's all part of a continuation cycle. So for example, it's a lot easier. And again, this is a pivot weeks a couple of days ago that started out the whole thing. It's a lot easier to digest a 2060 break on Amazon than a 2160 break on Amazon. Because again, you're buying continuation. You're not buying the true nature of a confirmation channel. So you make these decisions every single day. And I kind of sat today and I watched a few things go up, go down. I traded some beyond. I traded Billy on a bounce, made some money on beyond, lost a little bit of money on Billy, yada, yada, yada. And I kind of said to myself, you know what? It's a 2-7 offsuit. It's just not worth it. So I kind of sat there just kind of watching the market for the rest of the day. And again, if this was 15, 18, 20 years ago, I would have probably cut off my ear, probably cut off my ear trying to find that next opportunity. But again, when I started trading at 24, 25, compared to I'm 45 right now going to be 46 in June, it's much easier to understand the ramifications before they happen. And it's also much easier to digest that the opportunity that you usually have every single day will be there probably tomorrow. If you put in the work and you do the research and all that good stuff because again, when you're a trader at any single level, you're demanded. The market gods demand that you put in that work every single day. So if you do so going to the next trading day, you should be okay, right? You should be okay. So I made that constant. I really made that decision and I watched the action for the rest of the day and I'll be honest with you. I don't know where my opportunity would have been. Can you turn around and say, well, Facebook lost its opening range low? Okay. And I went down 50 cents from its opening range low and rallied back again and yada, yada, yada. Was there an opportunity in Tesla? There will be. There will be. We started talking about this afternoon, but it wasn't today, right? It wasn't today. You know, are you going to buy Amazon up 130 points for a new entry? Probably not in a linear market that's demonstrating over and over again that it is tired. It's still very strong, but it is tired. So you have to make some sort of hard choices and being a professional trader is understanding that the same way a restaurant owner understands this, certain days they're going to be slower, right? Mondays and Tuesdays are probably going to be slower in any type of restaurant than it is Thursday, Friday, Saturday, or even Sunday. So it's very, very important to put on your big boy, big girl pants, your adult, right? Your adult thinking cap and just think of what is my worst case scenario, right? Is a flat day, a boring day, a lethargic day, a day that did not capitalize because my window close is that day really necessary that I need to prove to myself I could still click a mouse in the right direction and be proven right, or are you patient enough? Again, that's the word. That's the key word. Are you patient enough? It doesn't make a difference if you're trading one day, one week, 10 years, or 100 years, right? Anything in between. Are you patient enough, adult enough to realize that, again, you are holding a 2-7 offsuit, right? You are. You are holding a 2-7 offsuit. Are you able to muck it and wait for the next hand? And that's the most important part. A lot of traders, when you are getting older and aged, you hit your 30s, and I know that's crazy, right? Especially your 30s, your 40s, your 50s, and your 60s, you went through life's experiences. Some good, some bad. So you're more seasoned as a human being. That is also going to reflect in your trading because, again, you understand the ramifications of dealing with life the wrong way, but especially dealing with finances the wrong way. And again, as we say all the time, the market will not give you a mulligan. It's not going to give you a do-over. It will take your money, give it to somebody else, and again, rinse, repeat, rinse, repeat, if you continue to act accordingly. So, you know, for me, it was a very unfulfilled day. Unfulfilled day, but you know what? That's the discipline, okay? That's the discipline. It's very important to me to keep the windows and the doors open, right? If you're in the restaurant and wait for Wednesday, Thursday and Friday and Saturday, because, again, that's where the volume of business is going to come. Today, just like any other day, when lose a draw, you move into the side, you ask yourself a question, that I do everything possible to maximize the trading day, and sometimes that's the easiest way to see it, even if you are patient and kind of let the day go by. So, you know, going into tomorrow, well, first of all, let me show you guys some pivots that, you know, that's some pivots that actually, you know, 2150s are talking about Amazon pre-market. Amazon is a monster. It's still, I still like the macro view when all the way up to the 2180s, NOW never got up to 347. Netflix, I just missed. This is kind of what I mean by my window kind of closed. I missed it. It was so thin, I just missed it. I just missed it. I couldn't, you know, it was just so fast and so thin that I just missed the trade. So, you know, we talked about 375, 376, and it ran, excuse me, right here, 375, 376, and it ran like 378 and change. I just missed it. I just missed it. And again, this is what I meant by not chasing, you know, not chasing, you know, not chasing rainbows, right? Just then I missed it. Okay, window closed. Apple, you know, I liked Apple of 322. I didn't love Apple of 32350. It went pre-market. They didn't even give you a chance. I went to like 20, little under 24. I made some money in BY&D. We actually bought it off that opening range of, what was it, 2250, right? 2250, it got up to like 23 and changed. Never confirmed even if you were looking for that 23 pivot, made a little bit of money there, blah, blah, blah, nothing, right? So I made some money there and, you know, I lost some money on a billy, which I kind of screwed up and I didn't understand why. I didn't give it enough rubber band effect. I only lost like 16, 17 cents in the trade. So it wasn't the point of the money. It was kind of mistreated and it actually went up 60, 70 cents. I kind of screwed it up. Shop, you know, not a big move at all. And again, this is kind of the point of very little, at least limited value for me. You know, not a lot of value. 97 went to a little under 500. So nothing really there. Pets never made it. You know, here's the level. And here's why we say technical analysis is not random. 758, aggressive level. If it builds below, can flush. Look at the level of the day. It stopped right at 758, right? Stopped right at 758, but there is an upside pivot and we will discuss this tomorrow. Actually, we're going to discuss it for the rest of the week. We, again, we started seeing towards end of the day, 850, 900 call buyers all over the place. So the buyers are making bets. So we'll talk about that for another day tomorrow. So again, you know, for all you guys who did take Netflix, you know, they got a $2 move. This is an upside pivot that never got there. Here is Amazon where I say there's some supply. And again, 100, 130 point move off the pivot from Thursday. Huge, huge move on Amazon. Again, big level of comment that never confirmed. And that's it. And that's it. So it was very, you know, again, it was, it was the prudent thing to do, right? The prudent thing to do, at least for me, at least for me was kind of let the day go by, you know, re-examine my thesis of what I think is going to happen next. Again, I'm always cautiously optimistic. Again, it doesn't make a difference what the market has done. It's what the market is going to do. And when you looked at this linear review, and again, we talked about now for a long, long time, I always have one eye open for a possible aggressive reversal. Again, linear, linear, linear is a magical word and queues are up like 50 bucks since October, which is insane, absolutely insane. So I'm always conscious of the poll. And that's why, again, it's very, very hard for me to digest buying Roku up six, buying Vidya up six after a 20-point run. So again, prudent choices act like an adult to move on to the next day. So let me give you guys some ideas for tomorrow's session, some non-beta names that I kind of like. Take a look at this Sally May, right? Take a look at Sally May. Pretty basic looking chart here. Keep an eye on this thing. This thing starts building, you know, 1190, 12 bucks. Maybe you could get a next move. This is actually a beautiful chart. This is like Tesla B with both hands. Keep an eye on this thing. F-O-L-D looks pretty good again for all you guys who are trading non-beta. If they could just get above this like 1090, 11 area, I think it can go. And look at this little one, J-M-I-A. I was watching it today. I actually tweeted out the prices this afternoon. It stopped right on the 10 day. If this J-M-I-A can just start reclaiming 575, 580, you might get a hell, you might get a push above that $6 area, right? You got a lot of supply here, but you could get a push. Again, first green day in 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13 sessions. So first, you know, first session in almost three weeks, almost three weeks of action. So keep an eye on that as well. Guys, again, act like an adult, be like an adult, stay in business. God's help, I'll see you all tomorrow. Take care. 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? 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