 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, and welcome to another edition of the AccessToTrader.com weekend update show of everybody is having an unbelievable, beautiful, relaxing, glorious, fantastic, whatever you want to use Memorial Day weekend. Again, again, I can't emphasize how important it is to have that extra day off to kind of recharge the batteries, kind of center yourself and really get your thoughts together to kind of what you want to accomplish for the up and coming week. And again, this business is so mentally intense that if you let this business consume you and again, I've been, you know, in no shape or form ever hiding the fact how really mind bending this business can be. It's very, very important to enjoy holiday time, enjoy your family, enjoy your friends. And again, just be a better friend to yourself again have that me time right it's not selfish so you know it's all about family it's all about your kids. It's all about everything right, but you need that me time and it was it's such a I was having such a relaxing weekend and I woke up today Monday Monday morning, and I totally forgot I didn't record the video so getting that out of the way, and then going back to the holidays holiday long weekend. So, first and foremost, I want to thank every service person who ever served our great country, our great military current vets, you know, everybody that's protecting our way of life. I can't emphasize enough how thankful everybody should be in paying tribute to every single service person who has committed their lives to protecting our rights protecting our lifestyle so we want to definitely acknowledge them and say thank you very much. So, let's get to the update right guys let's get to the update and then we will resume right resume Memorial Day weekend so first and foremost. Again, when I do these updates, although I am not. I'm not one of these traders who believes that well that's my way if it's on my way it's the highway I look there's a million ways to trade. I don't care what type of trader you are, whatever it would you decide to pursue. Okay, if you want to trade bonds, go trade bonds doesn't have to do with me. We want to trade options plenty of great option, plenty of great option people that can show you the way will show you how to get from point A to point B, and along the way you can develop your own lifestyle. So it doesn't make a difference what path you choose. And when you're a new trader, you're almost like speaking of options kind of almost a segue to it. When you're a new trader, a brand new trader, you're kind of a call option that has a weekly expiration. Okay, you're fighting time. Think about this logically when you're a new trader, you're fighting time. Okay, you have an expiration date. Your job within that expiration date and obviously every trader could be different. If you don't figure out this business, it could be a year, two years, three years, people prolong it without really getting any type of success for five years. Again, I've seen that happen as well. But your job as a new trader is to fight time. Okay, to basically consume as much good information possible that you can be profitable before your weekly option expiration title expires. Okay, you become worthless just assuming you don't take any of the proper steps. And the one thing that I will tell new traders, I try to give it a little bit of advice every single update to new traders is you might not have the ability to curb your emotions yet. Because that takes a lot of time. You might not have the ability to have an ironclad process that you can find consistency over and over again right in the beginning. And that's fine as well. There's a lot of things, the money management aspect as well. But the one thing you can control is your hard work. Okay, and hard work beats talent every single day. Okay, every single day of the week, including Sundays. And the one thing, one bad thing that I've been seeing on social media for years is that whole theory of, well, you can trade an hour or two hours of the day. Make your money. And then go on with your day, right? Go on to date. It's a perfect world, a perfect scenario. There's some truth to that. Okay, there is some truth to that. Because again, if you watch these updates for a long time now, you know that the meat of potatoes of my day, I'm probably done with 90. 95% of the day by around, by around one o'clock, right between 1231 o'clock after that last lunchtime candle. I'm pretty much done with my day. So there is truth to that. The problem is it took me many, many years to figure out where the sweet spot was. And the one thing that I keep on seeing over and over again is the new traders been trading a year, a year and a half, two years, say to themselves, well, I just made $200. I'm done for the day. I made my goal, blah, blah, blah, blah, blah. Number one, that's a ridiculous way of looking at the market. Number two, you're missing out on something that I've been emphasizing for years and that's called screen time. Okay, you might not be the most talented trader in the world or the most fully funded trader in the world. Again, if you've been watching these updates, you know how important that is at least in my opinion. But what you can do is control how many hours you prepare and how many times of the day you sit there and really concentrate on screen time. Screen time is free, guys. Okay, it doesn't cost you any money. There's seven hours of the day. Okay, that means that's 35 hours for the week. That is 140 hours for the month and ready. And I wrote this down. Don't think I'm that smart. There's roughly about 1680 hours for the month, right? That's 1680 hours. You don't get those hours back. If you leave your desk after the first hour, hour and a half, you don't get that hours back. Okay, screen time is essential for your development. Okay, and if you're one of these traders who come in and you make some money, blah, blah, blah. And again, if you have consistency, if you make money every single day, you make money every single for the first time. God bless. Okay, then that doesn't apply to you. Turn off this video. But if you're a trader and you're still trying to find yourself and you don't know what type of trader you want to be. You want to be a swing trader, options trader. You want to trade for the E-minis. You want to trade pivots with beta, whatever type of trader you want to be, you still have to find yourself. Who am I? What's my personality? What's my lifestyle? What's my work schedule? What is my, you know, what's my pain threshold? How is my size of my account affecting my decisions to be a certain type of trader? So all these things, the answers to that are during the day. And the seven hours during the day are really building a lot of building blocks to you subconsciously that you don't really appreciate if you leave. Okay, you could sit there literally for four or five, six, seven hours a day and accomplish a lot of things. Number one, you could figure out the organic structure of the market. Okay, organic structure of the market is very, very important. I don't care how good of a trader you think you are. Okay, you have to know why the stock market or why trades or whatever you want to call it. You have to figure out why stocks move when they do, when they don't. Okay, where's the imbalances? Where's the arbitrage? Where's the level of aggression? Where's the level of contraction? All these things, order flow, people ask me all the time, do you use level two? I never heard of that. How do you trade without level two? Doesn't every platform have a level two? Like how do you do that? So all these things that people are trying to figure out, right, this is all part of the market structure. Okay, you have to sit there all day, okay, all day at least in the beginning and absorb as much information as possible in the market. So when I'm sitting there in the middle of a trade and I turn around, I go, hey guys, there's a reload seller in the crowd. The guy's not moving. The guy's not moving. He's not out of the way. He keeps on reloading. He's not getting out of the way. This wasn't an accident. Okay, I could spot a reload seller, reload buyer at the top of the bottom range very, very quickly in the first minute. And that's the difference between having a breakeven trader slippage, right, breakeven trader slippage or having a really, really bad trade because you didn't recognize there was an aggressive, motivated buyer or seller in your trade. And that's very, very important. You don't just wake up one day understanding that information. Okay, you have to sit there and watch a water flow. You have to watch sometimes the most important thing you have to watch the tendencies of your trades, even if you are not actively participating in them. Because you don't get that, you don't get that time back. Okay, you don't get all these hours of the month back. So when we're talking about that you are essentially a weekly option that is about to expire worthless, right, as a new trader, don't you think you should put yourself in a position? And again, it's not going to cost you any money for you sitting there putting your behind in the chair, watching order flow, watching market structure for seven hours a day for the first year or so. It's not going to cost you any money. But what's that going to do is it's enabling you to process all the information like that all, but as much information as possible as the market has to offer you. And at that point, at least it's building mental equity. Okay, you don't get any of that if you're trading for the first 30 minutes of the day on your iPhone, which again is the most ridiculous thing ever. But you don't get that information. You don't get those building blocks by leaving at 10, 30, 11 o'clock in the morning and then you're down for the day. Okay, you're still in a very, very impressionable stage when you're trading a year or two years, three years, you're a novice. Okay, let's just be honest. You're a novice. You haven't seen a bear market. You really haven't seen a bear market for a long period of time. Okay, let's be honest. You haven't seen any, you know, any functional political disaster, financial disaster, anything that could derail your trading. So wouldn't you think it would be valuable for you to put as much time and emphasis into this business, right? It's again, all these things are not going to cost you money. What they're doing is it's putting you in a position that you're extending your shelf life. Okay, there's nothing that you can do that's giving you more information that's going to curb your potential for longevity. It's only helping you. And again, I see all these traders all the time talking about, you know, they're doing their homework when they wake up in the morning and look at the pre-market highlights. Your research starts way before that. Okay, the night before, even if you don't know what you're looking at. Okay, and I've said this many, many times. Even if you don't know what you're looking at, every trader, every night, especially new traders should be looking at 500 charts a night. Every trade. There's absolutely no reason that you can't sit and allocate an hour a day, 45 minutes a day at looking at charts. Even if you don't know what the hell you're looking at and why the stocks are moving when they're doing, eventually it's all going to sink in. All you need to do is back test, right? Every single day back this. Like, just turn around and say, well, wait a minute. Even if I don't know what I'm looking at. Well, if this chart, right? This is the diamonds. If this candle hit this area, right? And Dan keeps on saying stocks trade from demand to demand and supply this plan. Well, what happened, right? What happened when this candle got confirmed, right? It went lower. It hit another demand zone. What happened when this candle confirmed? Went lower. Hit another demand zone. So even if you don't know what you're looking at, subconsciously, you can just start looking at random areas of the charts. And eventually you'll get that, oh my God, aha moment. I understand why the next day the stock did what it did. I understand why the next day the stock rested after a big move. I understand why the stock did nothing because wait a minute. The next previous day, it hit a supply zone. So all these things are important. These are all things that you're doing to establish a new foundation, establish and process some good information and extend your shelf life. Because if you're not putting in the work and you think your overall development starts at the pre-market high list, you will be the epitome of what a weekly option is. You're going to expire worthless. Again, these are areas of the market and these are areas of development that you don't need to spend money on to find out. All you have to do is open up an account, open up a chart, open up a chart and look at natural order flow. Look at a bunch of charts and eventually you will have that aha moment. Without work, without putting in the proper channels, without putting in the necessary foundation to extend your shelf life, you're going to be a statistic. And again, I want you to win. If you're a new trader and you're watching and you're allocating some time this weekend or every weekend to watching my videos, I want you to win. But again, I'm not going to sugarcoat your journey. It's not going to be a straight line. There's going to be a lot of days that you're going to wake up in the morning and you're going to say, well, what's the point? And you're going to tell yourself every single day, I want to quit, I want to quit, I want to quit. There's no reason to say that because again, all you need to do is take a step back, relax and start putting your work and results will follow. So hopefully you guys will listen to my words and just again, trying to give it a little tidbits every single week to put yourself in the right position. Again, you don't need to try to make it. It doesn't make a difference. If you don't, if you don't trade high beta and you don't trade pivots, that's fine. That's okay. Find who you are, understand who you are, understand your lifestyle, understand your financial surroundings and put yourself in a position to win. But again, there's no, there's no understanding how important hard work is. So let's talk about the markets, right guys? Again, one of the greatest things about YouTube, right? About YouTube or just documenting things on video. You can just really follow, you can follow the journey, just follow the market in stages and really put yourself in a position to really start understanding how things play out. And last weekend, we started talking about how the market, you know, put in two days in a row of, when I say the market, the cues, referring to cues here, two days in a row of getting rejected or supply. You can see here, here's the first rejection. Here's the second rejection. The second one was an inverted hammer. So if you know what a hammer is, right? It's bullish. Well, inverted hammer is bearish. The second week, well, not even second week. I think we have the fifth week in a row for the Dow that had losses. The NASDAQ, again, gave back over 2% this weekend, this week. Again, it's China tensions. It's just a headline now. Now it's, you know, starting to get, I believe it's starting to get a little more numb, a little more numb. People are starting to really embrace it on a weekly basis. We really didn't have those massive knee jerk reactions last week. So we're less than the previous week, which were less than the previous week prior to that. So I think traders are starting to trade much more of technicals than just headlines. And the one thing that if you're a bull, okay, you can't like what you're seeing. Although again, if you look, if you stretch out this chart and you go on a weekly, there's nothing wrong, right? There's really nothing wrong. Again, the market had a really big run and the market is just pulling back, right? You have four straight weeks of losses, right? But again, big, beautiful, healthy, right? Healthy so far. Consolidation on the Nasdaq 100. Again, we don't look at the weekly timeframe when I trade. I need to see, well, what's going to happen next? Okay, what's going to happen next? And how can I take advantage of it? So if you're looking at a lot of the groups, especially within the Nasdaq, you see there's a lot of red flags. Okay. First of all, semiconductors have been absolutely destroyed. Okay. All of these semiconductors have been destroyed. Again, why? Well, they have exposure. A lot of them, probably most of them, where I could even say all of them have exposure to China, right? So the Chinese headline, the Chinese trade is going to affect them. So they're getting hit, right? You have stocks like Alibaba who are directly in the crosshairs of, well, the China trade, they're getting hit, you know, Baidu as well. But again, the most important part, what I'm seeing is right now that the days that we are supposed to route, we have those big reversals into the close, those are the days that are being faded. And the more times that you are watching a market that gets faded after kind of a technical reversal, okay, the more red flags you're getting. So when you're looking at the Nasdaq 100 right now, okay, and you say to yourself, well, the Nasdaq held, the Nasdaq held, the Nasdaq held, right? That 178 level, it kept on reclaiming. Because again, if you guys remember the week before, I said this 178 headline, this 178 area will be the line on the sand. And it keeps on reclaiming the problem with that. And this is kind of how we use, you know, we use technical analysis and we use our eyeballs as the greatest indicator. And this is, again, why I tell the new trader, even if you know what the hell you're looking at, keep on looking at charts. Because eventually you're going to see a similarity, right? Here's a rejection, right? We went lower. Here's a rejection. We went lower. And look what happened on Friday, right? We rallied up, rallied up to the five day moving average again for the full, for all you guys who are not, who have been not following me for a while or haven't followed me ever. The five day for me is a very, very important study, okay? And a lot of people don't use it. I do. For me, the five day moving average represents the shortest term bias you can possibly have. And if you look, again, if you look just using the naked eye test, okay, sometimes you don't need to complicate things on technical analysis. But when you're looking at the naked eye test, you can see the last time what happened when the market, when the Nasdaq 100 hit the five day, faded, hit the five day, faded, hit the five day, faded. So when you're looking at the measured potential, what could happen for this week and you believe in the theory that stocks trade from supply to supply. Well, then you have to believe in the theory that stocks trade in demand to demand. So again, here's demand, here's demand, here's demand, and here's demand. So what we're looking for going into this week is a negative bias, okay? There's nothing really that screams a bull market run for this week. Again, anything can happen. But again, going into every single week, you need to have a bias, you need to have a game plan, and you need to wait for the confirmation for everything to play out. Because if you don't, you are guessing. We're not in the guessing business. We're in the collecting data and confirmation business. So going into this week, I'm sell buys, okay? I'm sell buys. It doesn't mean I won't buy stocks. It means I am sell buys. And now we are looking at a sneaky area again, this 177.94 initial area for intermediate pivot. But this number here, this 177 level will really be the line of the sand because 177, then we'll go to 176, and then 174 and change before ultimately, if the market really, really gets aggressive and fear kicks in, you can go all the way down here to 172. Again, the PS60 theory says supply to supply, to demand, to demand, to demand, to demand. Again, no guess works. Only these silly little lines. A lot of new traders ask, well, damn, why do you have all these silly little lines? No reason, carry on. So really good week of trading, okay? Really, really good week of trading. Tesla, I mean, what can you say? Just an absolute phenomenal week of Tesla. And again, it breaks my heart. It really does. I'm a fan of Elon. I want him to succeed. I love the car. I think it's a gorgeous car. But now things are finally catching up. Fundamentals are finally catching up. And the problem is, well, the problem is Wall Street is starting to lose faith. And when Wall Street starts to lose faith, the price action becomes one way. And now we're seeing a pretty violent move. And I know the fact that we trade Tesla every, I mean, literally every day in the live webinar. And again, it doesn't make a difference to me. Long, short, as long as it's a bias and confirmation, I'll trade it. But I asked, you know, I asked a pretty, pretty basic question. I mean, like, when does fear kick into the stock? All right. And it's a very, very basic question because the stock has gone from just January, right? We're in May. So January, February, March, April, May. It's only five months. The stock has gone from 352 to 190. When does the fear actually kick in? And the problem is a lot of traders, well, actually a lot of investors, they're kind of in denial. Okay. And the scariest thing is to be an investor in denial. So for example, when the internet bubble popped, okay, people were talking about, well, WorldCom just went from 150, you know, 150 to 100. Oh, there's no way it's going to break 100. Oh man, WorldCom just went to 75. There's no way it's going to go to 50. No way. 25, 25 is a steal. There's no way it's going to go lower than that. Next thing you know, one of the biggest frauds in history in the stock list is zero. Again, I'm not saying that about Tesla. I'm just making an example. Okay. Just making examples. So again, I'm not saying that. The problem is when you're in prayer and hold and buy the dip and all that good stuff and you are a believer in the company, okay, instead of believing in technical analysis, you are unfortunately in God's hands. And like I've said, for many, many updates, God, I promise you, does not care about your position. Okay. There's famine. There's poverty. There's kids born every day with disease. God does not care about your position. Okay. And the problem with trading versus investing, yes, you could be in this position for five years and everything is great. The problem is you could be in the wrong position for five years. And unfortunately, your capital gets depleted very, very quickly. So obviously I am self-biased on Tesla. It doesn't mean, right? It doesn't mean I won't trade it to the long side. If you guys remember, especially you guys who follow me on Twitter, and when I put these pivots in every single day, four out of the five days, we were self-biased. I think it was on Thursday that we caught a really aggressive move to the upside. Once it trapped some shorts on the bottom, it had a really, really big blow up. So for me, it doesn't make a difference which way the wind blows. But there's definitely going to be a huge line in the sand. We'll talk about that in a second. Very, very aggressive day on Friday. Very, very aggressive day on Friday. Again, Fridays are now probably one of my favorite days of the week. Again, maybe it's because options expire and people are willing to put heavier speculation bets on very heavy popular names. Maybe that's the case. Remember the case is Fridays become really, really good. Can't describe it. They don't understand why. But it's becoming one of my favorite days of the week. And I always go into Fridays saying, well, I don't know how much I'm going to trade. I'm going to take it easy. I'm mixing it up. I'm trading aggressively. So Friday, again, guys, again, for all you guys watching, this is the StockTwits feed. It's exactly the same thing as the Twitter feed. I just have this thing up. Again, there's no cherry picking. Every pivot is what we have. There's no omitting pivots. These are the pivots for the day. These are the pivots for the day. We lose a draw. These are the pivots of the day. And Friday was incredibly aggressive. And let's talk about it. So Boeing was the first pivot of the day at 9 o'clock in the morning. I usually try to put these pivots in somewhere around between 9 and 9, 10 Eastern time right before they open. So everybody has a chance to trade whatever they want. So Boeing, 358 needs to build. Here was the Boeing pivot. Here was the Boeing pivot right over here. 358, you can see how it stopped right on supply. This candle confirmed supply. And it absolutely exploded, went up to like 362, 361.5, 362. So big, big move on Boeing. Netflix only went up like a dollar and change. 357.70, 358 needs to build. And basically shows you how a lot of these names are just the notch growing up to sustain a big move. So here was the 357.80, 358 level, went up to at 359.40. But again, cash flow is cash flow. If you did take it, I didn't take this trade. If you did take this trade, good job there. Roku, Roku. I mean, what are you going to say? What a monster, right guys? I mean, what an absolute monster. He saw some call buying the day before on the June 100 calls. Roku, 91 needs to build. I mean, look at this move on Roku. Just an absolute monster. Here was the 91, right? Again, pre-market data, after-market data, it all matters. Here's the 91. Once it reclaimed 91, it just exploded. It exploded, went to 96 and changed. Beyond, again, like I said, this is not a trade for everybody, but for aggressive traders, I said, listen, it needs to reclaim 84. There's a chance for good cash flow. And here was beyond right over here, right? So look at the top of the channel here. It hits supply at 83, 80. 83, 80 is the high here. 83, 80 is the high here. And again, once it reclaimed 84, again, there's no guessing. You don't need to guess where the stock is going to stop. Stocks trade from supply to supply and demand to demand. So once it reclaimed the 84, went right to this linear regression line of 85, 50. Again, is it that move from 50 to 80? No. But that's the people that did catch a couple of weeks ago throughout the trading world. No, but again, cash flow is cash flow is cash flow. So good job there. Footlocker got destroyed. Footlocker pre-market low, 47 needs to, if it builds below, it could flush more. Here was Footlocker, right? So he put in the low here. Footlocker at 47, right? Pre-market low, once it broke the pre-market low, just destruction went down to 43. Here's my point, here's my point of why I trade beta in 99% of the times. So I get along this ARY, okay? And I say this all the time. I would rather trade beta than anything else because I understand their tendencies, okay? I get their tendencies. All these random stocks, I have no idea, right? So ARY, I buy this thing. I think I buy it at 2690, something like that, 2690s and ARY. So I buy this thing at 2690s and it goes up like a dime. Okay. And it just sits there and sits there and sits there and sits there and it just doesn't go. It just doesn't go. And I wound up taking like a 7, 7, 8 cent loss. Again, it's not the point of the money. It goes down like 20, 30 cents. And at the end of the day, it spikes up and it goes to 27, 30. And the point that I always try to tell traders is the reason why I trade Tesla every day, Netflix every day, NVIDIA, Amazon, all these stocks is I know their tendencies. These random stocks, I have no idea what to expect, right? I have no idea what to expect. So I say this all the time. A lot of times when I don't trade beta, I'll say it a lot of times, for example, I don't even, when I'm green in one of these random trades, I don't want to even be in them because I just don't know what to expect. I could be red in Tesla and understand my max value of potential exposure and potential gain. So it's so important, at least for me, to keep on trading the same names over and over and over again because when you trade random names, you could have random results. So again, it wasn't the point of even the money, okay? Obviously, it was just the point of putting myself in a position that I have no idea how to stock. If you're still in this thing, God bless. Here is obviously, again, the trade of the day here, you know, Tesla. I've traded it all week. It's just an absolute, just a beast, an absolute beast. Tesla 194.30, 194, if it builds below, it's going to flush. And here's the pivot on Tesla. Here's the pivot on Tesla right over here. It's the lowest candle into rising support, which is right here, which is putting in a low of 94.30. And once it built below, you know, and I put this out on Twitter, I said, there's a conscious chance it gets to 88. And the reason why I say 88 could get it. This is a rising support. It just got absolutely destroyed. Very, very, just really happy with Tesla for the rest of the week. So really happy for the week, pleased for the week. And a lot of guys did really, really well. And that's the name of the game. So going through this week, just again, I'm not going to give you guys a lot of ideas because I just think a lot of names are very, very skewed. So we'll talk about the pivots. But this 86 level, just to give you an example on Tesla, this 86 level on Tesla is going to be a ridiculously important level. And I can't emphasize enough how important this level was. If you guys notice, it bounced off this monthly trend support. 85, 80, so we'll just call it 86. Any close below 86, any close guys, this is not something that you can argue. This is not an argumentative discussion. Any close below 186. And there's a gap all the way down to 141, just saying. That's going to say it's going to go straight down. But there's a very, very good chance to stock. We'll see that. So this 86 pivot on the monthly trend line will be absolutely huge, which obviously I will be watching. I kind of like Checkpoint as well. Checkpoint had this big gap down, broke a lot of technical damage, starts reclaiming this 1260, 12 level. I think there's more downside. I kind of like this KTOS. Nice move yesterday. If it starts reclaiming 22, I think the stock can go. Keep an eye on that. Let me see what else I want to give you guys before I let you guys continue your wonderful weekend. I like Intuit. First close Intuit above supply. Intuit starts getting above 58, 50, right? 258, 50, 259. I think there's a next leg up. And look at BMRN for all you guys who trade bios. You're getting a nice little flag developing here. Starting to curl back up for aggressive traders. You can start looking at the 89, 50 level, but for the daily confirmation needs to get above that 90, 60, 90, 91 area. So guys have an awesome, awesome rest of your day. God bless. Go enjoy your life. Go hug somebody. Again, guys, we don't get it do over. It's all about love and it's all about us. Right guys, God bless. Be a good human being. I'll see you on the field 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? Straight off his personal watch list? Unlock our free PS60 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.