 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. So say the second entry is 200 on a trace. So do you set your full buy, which may only be depending depending depending what with what the trade is. Yeah, depending what the trade is like if it's if it's a stock like Tesla. Well, number one, I'm always going to probably go not probably I'm pretty much all the time going to go with the whole number. So even so say for example, let's just say the natural pivot is like, like this morning was three, what was it three 233 27 right well it was right I'm always going to go with the whole number. Because that's where the that's always the liquidity is I'm always going to be hitting the whole the whole number because that's, you know, you're going to get pretty much get filled on everything that you want. So we're depending on the depending on the side of the trade. Yeah, I personally always do yeah I always personally do. Absolutely. Like so for example, Tesla and the video. Amazon. I, yeah, I mean I'm going to go at the whole number I pretty much every trade I'm going to go with the whole number. It's very rare. It's very rare that I'm going to go before the whole number. It's just, I'll sacrifice sometimes 4050 cents on the entry, just to make sure number one that number one that there's extra buyers extra sellers in that direction but that's where the liquidity is so for example, like you see right now Tesla's trading 2750 2760s right you're not going to get any liquidity you'd have to sit there, you'd have to literally sit there and accumulate stock and that's not that's not what I do. Yeah, I enter, I enter, I enter, I enter on the whole numbers yeah. If it's if it's a fast stock. That's only, that's the only, there's a couple, there's a couple of exceptions. Right, there's a couple of exceptions. There's a fast market, meaning that there's some sort of news. There's some sort of news in that stock, something just happened right. What I'll do is, if I, if it's a fast market and it won't get you know, what I'll, what I'll sometimes do is I'll go 2530 cents. Well, now we I don't look at we sucks, but 20 like if it's a fast market and there's a daily chart that's that's going really quickly. And if I really really like to set up and it's a stock I trade a lot. I'll go 2025 cents above, above the offer from trying to buy stock and I'm trying to sweep as much liquidity as possible but the majority of time, the majority of time, the majority of time I'll go at whole numbers. The only time I'll put a buy stop or sell stop. The only time, the only time is if I'm doing something with my inventory. And I just can't watch the setup, you know, I mean, like I just can't watch the setup and it's a very thick liquid stock, like a Microsoft and Amazon and Apple a Tesla very rarely test like a Tesla always watch. But like, you know, like those really thick names, then I'll put like a cells that now put either buy stop or buy stop limit. But I'll never, I'll never put a market, I'll never put a market order, just because look, just because it doesn't make any sense. It doesn't make any sense. But yeah, it's 90, I would say 9095% of the time I'll go to home numbers round up around down yeah, round up around down yeah. The stronger the chart is, the stronger the chart is, meaning the more, the more measured potential, right so there's only two three dollars. I'll be faster taking profits because I know there's only a two three dollar potential but there's a $20 potential. I'll get more aggressive on size, and I'll start pairing out. Every two three dollars versus every you know dollar or so so. Yeah, that's one of the one of the very few instances that I won't do a limit order on a whole number. If it's like a really fast market or I'm just, I'm just occupied by other things and it's a fast market and I'll just put us, you know, I'll put a stop limit. Yeah, yeah, absolutely. No, no, no. If I get stuck in a trade Nicholas. No, no, this two ways how I get out of the trade. Right. If a stock stalls out. Well, let me let me start from the, let me start from the, from the positive aspect. If the stock is going to my direction, I'll just put in, I'll just put in, I'll put in offers, I'll put in offers, either right before the whole number right the whole number. Or combination of both always put out offers because I'm trying to get back the easy and rebate. Because if you're constantly hitting bids taking offers, you see and start the start getting a little costly. But, but if a stock stalls out right if a stock stalls out and I know, hey, it's just not it's not it's not doing what it's supposed to go. It's supposed to do, I'll start hitting bids, like I'll start hitting bids 20 30 cents below, below the bid just to get out. But I'll never put in, I'll never put in a market order. Hi, Michael, have a great, have a great weekend. Welcome aboard by the way Michael. Welcome aboard by the way. Yeah, it's all whole numbers. Yeah. It's all whole numbers. The only way and I'll try to, I'll try to take it on one shot. I'll try to take it on one shot. The only way I very rarely add into a position. Very, very rarely. The only time the only time I'll really, I'll, I'll, I don't want to use the word chase and entry. I don't want to use that word. The only time I will go beyond the pivot. If I got like filled like on like, you know, like 10% of my, you know, what I wanted were, you know, something to that degree. I just, you know, I just need more size in the trade. But I'll try to get as much as I can on one shot. On one shot. I'll try to get as much as I can because the way that the way the pivots are set up because they're there to the point that that level needs to be aggressively attacked on that direction, because if it holds, I know the trade is wrong and I have to get out. So I'm trying to get as much possible liquidity on that level. So when the stock works, it's something, you know, it's something that I'm, you know, that I'm pleased with. And that's the biggest problem also like a name, like a docu like I didn't take any docu that because I didn't like the trade. I didn't take any docu I didn't take any Roku because there's no liquidity there. So even though, you know, the trades worked out pretty nicely, and the pivots worked out very nicely, I can't control the trade like that. It's almost like that. It's almost like the Roche Motel theory. You can get in but you can't get out. Right. So if I'm wrong, there's a real old buyer at the bottom of the range, you know, they're going to spread me out so aggressively I won't be able to get out. So that's why I kind of, I now to this point in my career, I like 85% of the time, I'll avoid the docu, you know, I'll avoid the docu Roku. You know, that type of trade just even Netflix, even Netflix, I haven't, I haven't really traded Netflix a lot recently. Even Netflix is not enough liquidity. Yeah, yeah, yeah, absolutely. Absolutely. Yeah, start Nicholas start with three shares. Start with three shares. So when you scale out, you can scale out, you know, you can scale out a third at a time, or start out with start out with four shares. You can start out, depending how big the range is, you can scale out one share in time. The whole paper trading thing, it doesn't make any sense, because you don't have any skin in the game. You don't have any, you don't have any, you don't have any, you know, you don't have any emotional attachment to the trade. It's like, you can put on a Tesla trade and come back two hours later and go, Oh, I knew it. See, I did great. I bought Tesla, you know, I shorted Tesla 233, now it's 227. We all know it didn't work like that. Right. So you always want to have, you always want to have some skin in the game for sure. You always definitely want to have some skin in the game. Yeah, you definitely want to have some skin in the game. That's not a good thing. You're getting used to your platform, but you have to have skin in the game. Even if you take a three dollar, literally a $3 loss, like in other words, a slice of pizza loss, at least you're mentally have skin in the game. That's very, very important.