 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, giving everybody welcome to another edition of the access to the trader.com that we wrap up show up everybody is doing okay. So the big story of the day or actually the evening is Nancy Pelosi has officially right I'm reading this right off my phone has officially announced impeachment inquiry into Donald Trump. Now, whether that's good, bad, or indifferent if you're a supporter of Trump, if you love Trump, you hate Trump, again, that's all fine and dandy on the surface. I think from the trading point of view, and again, when this announcement came, the futures are pretty much doing nothing. They're pretty flat. They're pretty flat after this announcement, which is ironic because today's selloff was blamed by the possible announcement of the impeachment announcement by closing. So it's very, very ironic. I think the biggest, more important story of today is technically, okay, and this is kind of where I want to start out. So we talked about this area here, we talked about this whole range on the NASDAQ 100, okay, the QQQs, and we said we have to assume the market is good, okay, or at least the bullish stance is valid until it goes back to this range. And if it closes below that 18960s level, then we got a problem, at least the bulls have a problem. And that's what happened today, okay, that's exactly what happened today. But if this was an individual event, okay, if this was a one day thing and stock prices were very, very strong, and all the groups are fine and dandy, I would have had a little bit more, I would have given the bulls going into tomorrow a little bit more rope, okay, because you want to give the bulls the benefit of the doubt. The problem was we started seeing the really aggressive selling in beta now since last Thursday. You guys remember that? Since last Thursday, just really, really aggressive days. And when you look at the stock prices and you look at, you know, the Alibaba's, right, the Alibaba's of the world, and the Vidya's of the world, and the Baidu's of the world, again, stocks they're again affected by China, okay, really, really destructive moves. And then you look at stocks that have nothing to do with China, right, but just overall high flyers like the Amazon, we'll talk about that for tomorrow, the Facebook's of the world, the Apple's of the world, the Tesla's of the world, right, Tesla's and Netflix and Roku, again, this is not even an isolated situation anymore. This is called the Baidu problem, not for us, but this is called the Baidu problem if you are an investor. And I think the biggest misconception is the market needs a reason to sell, right, like again, we're going into the fourth quarter. And I think Kyler posted an older video that I did, I think two, three months ago, about how everybody's expecting this magnificent run, right, magnificent run into the fourth quarter, you know, the Turkey rally, the Santa Claus rally, the January fact, blah, blah. Okay, nothing has to happen. Trading. This is why it's trading. It's very, you're trying to make mental, you know, you're trying to grasp mentally about the most improbable, you know, improbable events and sometimes you get a lot of improbable events. And you know, when you're looking at, when you're looking at today's day, right, and again, I knew going into today, like I said this last night in the video, like I thought we were going to have an obsession, but I also said, I didn't believe that we were going to get a lot of value to the upside because if you look at the channels from last night and you look at the channels this morning, like we gapped up this morning, like, okay, it's playing out kind of how I'm thinking. Now the question is, are these things going to confirm? And I thought it was going to take a couple of days for all these stocks to get to the channels. And none of that happened. Okay. None of that happened. I saw another really, really aggressive day of selling again. They're really taking apart any high flyer, okay, any high flyer that was doing well in the first part of the year, they're not only taking away gains, they're taking away gains for the whole year. So if you look at, for example, Netflix, okay, was one of the biggest movers, man, really, really one of the biggest movers in April, we know we were having this conversation at $400 a share, price targets all over the place, $400, $420 calls, and now we're having this conversation yesterday about $7 million worth of the October 265 puts, right, 265, right, 265 puts yesterday, $7 million, again, repeated after me, like I said, they were not uncertain, the stock went all the way down to the 252 area, Roku again, just when you think, well, maybe sellers gassed out a little bit, maybe it's time to wait to see if it balances out, if it starts sucking in more, they got killed again, they absolutely got killed today. And again, when you start putting fuel on the fire, again, stocks that again were strong, not strong no more, again, why did Tesla go down 18, okay, do you think some 12-tier firm downgraded them yesterday makes a difference? No, this is the rotation, this is the part of the market that we say that these beta names all trade in the tribe. And until they change, until sellers really get gassed out, you kind of keep going with the flow. And if you look at today's activity, and I screwed up twice, the funny thing is I bought Netflix three times today, okay, two times I bought it like a schmuck, the third time I bought it technically, can you guess which time I made money in, right, don't trade like a schmuck, don't trade like a schmuck. But again, it really did show you how sellers did not drill, okay, and obviously when the sell-off came, Tesla definitely bailed me out, okay, Tesla definitely bailed me out, I made back my money in a Tesla, and I made a little bit of money on Netflix on my actual third time in the trade technically to make a move on a rematch. But again, very, very aggressive action going to the downside, going into tomorrow, again, if you are flat like I am, I am hoping for a gap up, if you are a technical, you know, if you're a technical trader, okay, and you have positions, this is the day, this is the overnight to be, you know, to be short, because again, if you believe in the theory that stocks go from supply to supply and demand to demand, well, here's the next demand here in the 186 and the next demand in the 184, and that's what we call measured potential. If you look at the pit, it's very aggressive, okay, very, very aggressive. The only pivot to the upside was an $18 stock we talked about last night. We put this in the Twitter feed today, we've exploded, again, which basically again confirms the notion that nobody needs to be in these trades with you, the key is again, trade where you feel comfortable, a pivot is a pivot is a pivot, it doesn't make a difference. If it's Tesla, if it's Dova, if it's Siri, satellite radio, right, still eating, I go where it's not going to go. So if you look at, if you look at today's session, and again, I, you know, I was the first one to admit it. I really thought, I really thought based on, I really thought based on how I saw the stocks base out yesterday, sellers, I thought dried up. I mean, the first thing, well, again, here's, here's kind of my notes for the day, and I said, only issue with today is beta still needs to confirm 60-minute channels that we talked about a couple of minutes ago. I think it might take an extra day or so. They have a lot of work to do for a bigger potential. Again, none of that happened, of course, again, but at least we were understanding that it wasn't going to happen today, although some good setups away would not be shocked if we had a tighter day. Let's see how it plays out. And I was referring to the upside. It never happened. So we started looking back to the downside. And even again, pre-market, I was saying, hey, look, watch Netflix. The washout, red to green. The first red to green move is always a head fake. Watch the second red to green move that obviously never happened. And again, we just started going down the line again, congratulations for all you guys who were long beyond coming into today's day. Again, these are the levels 46 confirmed, 42 confirmed when down as low as like 39 and change. I have to assume unless a miracle of the meatless gods come tomorrow, this thing will test the 136 level. Okay, I have to assume that again, this area never built. Again, I was looking for the upward bias that never came. This never built. The Roku obviously never built. Netflix obviously never built. So again, we had to wait for our spots. And then little by little, right? Little by little, things got pretty aggressive. First and foremost, congratulations for all you guys who did buy Dova 1830 it needs to build. And again, this is kind of basic technical analysis broke above the 1830 level went almost 20. I mean, really, really big move. Again, if you're following the stock and I'm not going to be following it tomorrow, but if you are following the stock, now it needs a building confirmation above today's high of roughly 20. So if you're still in that great job there, ZS obviously never, never, never built. And here's where, you know, here's where I started the day. I started the day in the red. I jumped the gun. Okay, I jumped the gun. So I wrote experience traders only. If Netflix traps in the bottom of the channel, I wrote 61 62 can squeeze back up. So this is what this is what happened. So it went below, right? It went below 61 and then it snapped back. I think you had snapped back. So no, no, excuse me. I apologize. My first entry was 62 62 because I really, really thought this was yesterday low. I thought they were going to trap at the bottom channel. So I got long at 62 didn't work out sold it for a loss. So when I jumped the gun was it started building back above 61. So I got long. I never waited for confirmation lost money again. So even though I didn't have a lot of size, okay, it added up. It really did, especially again, you know, I don't treat small. These was in the biggest positions, but it added up. So I started the day in a pretty, pretty crappy way. And then again, I always say this all the time. You never want to you never want to lose your focus. You never want to lose your patience. You never want to revenge straight. You never want to trade deviate outside of the process. So I waited, I waited, I waited 238 held three times. If it builds below, it can flush my man to see for best stock ever. Can you guess what he's talking about? That the da and this is where I got everything back. Okay, this is where I got everything back. The 238 level, if you guys remember, we're from a couple of days ago, right? The 238 was right over here, right? So if you look what happened, this thing just got destroyed. I mean, absolutely destroyed. I know a lot of you guys called a much bigger move than I did. But hey, it is what it is. I got back my Netflix losses. And then the funny thing is I went into Netflix the third time, right? The third time I went in and how did I go in? I went in 61, I think it was 61, where the hell? Oh, here it is. Here it is. So I went in again above the 61 30s level and I sold. I sold my highest print. I think I sold for a dollar and change. So I did OK. I did OK. I got back some of my early losses in Netflix. So again, it turned out well. I'm not going to obviously again use break evens to stop for the balance. And it worked out fine. But the problem was, again, the problem was I jumped the gun a little bit too early on Netflix in my first two times. The first one, OK, I screwed up the second time I went in for the FOMO. Again, I'm a human being. It doesn't make happen. But again, the way I got it back was technical areas. Again, B, Y and D just just death, just absolute complete death. Here is the 46th, excuse me. Here is the 46th area we talked about right here. Forty six area took out the forty three took out the forty one took out the forty one all the way down to the two thirty nine. I think tomorrow two thirty nine one thirty nine will test the one thirty six. And again, we started talking about this last couple of days that, you know, the stock couldn't go up and upgrade stock couldn't go up anymore. And PR is again, whatever doesn't go up, must go down. So B, Y and D, guys, let's start off the watches for tomorrow. B, Y and D. 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. Unlock our free PS 60 vault where you'll get nightly updates on pivot opportunities we're watching for the next day's session. Click the link in the description to get started today.