 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 evening everybody. Welcome to another edition of theaccesatrader.com. Nightly wrap-up show, everybody is doing okay. Kind of a sloppy day today. You know, again, when you're going to chart tonight, you're going to have two trains of thought, okay? You're either going to be in the camp of, well, the market had a really, really good run, and today was a very, very good organic res day. And you're going to be right, okay? The second camp is going to have a thought of, well, the market had a really, really good run, and they couldn't capitalize of what today was setting up of day two. If you guys remember, you know, yesterday was an incredibly aggressive day. And the camp is, well, the market couldn't take advantage of day two of a potentially really, really big run. And both sides are absolutely right. And when you're going to do your chart work tonight, and again, I really, really encourage, especially for your new traders. Everybody should be doing a minimum of a half hour to 45 minutes to an hour a day of chart work. Again, especially for your newer traders, even if, again, you don't even know what you're looking at or can read a chart. It's all muscle memory, okay? The more times you look at charts, the faster things are going to click. So I really encourage that. But for all you guys who have been trading for a very, very long time, you'll notice two things. Number one, it's not what the market did today was the issue, okay? The NASDAQ composite down 80 points, not a big deal. Again, you're not going to see anything that's going to speak to you in the charts. Because, again, even though the market was down today, or at least the queues were down today, went down as well. But it didn't even take out the previous day's low. So again, on the surface, there's nothing wrong. So it's not what the market did today that's the issue. It's what the market failed to do. And that was kind of really put the grasp on the barest throat kind of, you know, strangle hold and really take the markets higher. So if you look at yesterday's setup, and I was very, very bullish going into today's trading day, Amazon, right? Loved Amazon today for a day to run. Amazon looked great. Facebook looked great. Apple looked great. Alibaba, Zoom looked great. Everything looked great. And the bulls had a really, really aggressive day yesterday and had a chance for day two today, and they just couldn't do it. And the curious part about that was that you started seeing really aggressive call buying, especially in names like Amazon. And I still think Amazon is fine. But you had really aggressive call buying today in stock like Facebook. Facebook was really aggressive. You started seeing short term 275 calls, 270 calls. You saw September 300 calls. Again, 300 calls for September is kind of a lot. And again, there's a lot of speculation why people are buying 300 calls for September. But you had so much on the line today as far as good speculation, money flow. Apple today broke out at a 52 week high or at least a continuation of the 52 week high. So things looked really, really good. And slowly but surely you started seeing the market really pause, really, really started halting, volume started to condense, ranges started to contract, everybody's waiting for the Fed. Again, doesn't really make a difference what the Fed said, yada, yada, yada, blah, blah, blah, blah, blah. So again, it wasn't to the point of any materialistic news that came out from the Fed. There wasn't any materialistic news that came from the macro world. Again, the video came out with earnings after the close, they're down. But again, does it really make a difference that the video is down? The video has been probably one of the biggest movers in the last year or so. So again, the fact that it's down after the close, or you can get, quote, unquote, you could call it down. Again, it really doesn't really speak anything. So the problem with tomorrow's session is you're going to see a lot of names that are very, very condensed. Not going up, not going down. I saw some names that I do like to the downside for tomorrow. Maybe a Boeing, Boeing just really just can't get out of its own way. Maybe a Qualcomm if it confirms. Maybe a Qualcomm if it confirms. Maybe AMD if it confirms. You could see it. Maybe AMD if it confirms. But again, that's about it. There's a few names, mid cap names that I'm looking to the upside. But there's really not something that you're going to turn around in tonight's research. You're going to turn around and say, wow, I'm expecting a monster day. Number one, nobody should be expecting anything. Again, I've said the biggest obstacle you have, especially as a new trader, is raw emotion. So we talk about really disconnecting from the anticipation day. And disconnect is very, very important because again, if you have any type of expectations in the next trading day, your emotional levels are a sky high. So when you come in with no expectations, I've said this for years and years and years, you have no disappointments. I think tomorrow's session, and again, it's going to be a very, very disciplined day. When you're going into tomorrow's session, you have to almost kind of let it play out. There's not enough fear for the market to really come in because again, we're way above our ranges, coming off 52 all-time highs. And there's definitely not enough juice to the upside that something's going to turn around and say, wow, this is going to be a huge measure of potential move. There is no Amazon on deck right now. There is no shop on deck. There is no Facebook on deck. Facebook looked great today for three quarters of the day. And then it finally came back in. And ironically, Facebook is actually the reason I actually got on the right side of the ledger. I had a very, very sloppy day today. Incredibly sloppy day. It's one of those days that I had a mental fart. I had a winning trade on Tesla, turning into losing trade. Then I read Amazon right. I only lost a couple of bucks on that. And then I kind of started trading Kodak for God's sake of all things on an option sweep. So I started the day really ridiculous. And then finally, my head got back together. My interest was really, really good. And Facebook got me green on the day. But boy, oh boy, just a very, very sloppy session. And from after lunch to kind of the whole day, you just sat there and you just watched these really, really strong stocks that we were watching for tomorrow. And the continuation for possible tomorrow. Like a Facebook, like an Apple, they just completely lost it. Just really, really lost it. Look at the 60 minute, right? So here's the breakout that really saved my day on Facebook with all the call buying. And then for the next like three, four hours, she did absolutely nothing. Same thing with Apple, right? Apple had a really, really strong day. And again, we'll get to the individual pivots in a second. And really, you know, had a big, big move and then turn around. Again, you saw a big option flow, 490 calls, 500 calls and really died out. You know, I think the prudent thing to do, and this is where when you're a professional trader, this is kind of the difference between being a brand new trader for the first three to five years or being a seasoned trader. You know, you can accept what's going about to happen tomorrow. Okay, you're, you know, you're going into it saying to yourself, look, I have two choices. I can either completely neglect the warning signs, what I see in the charts or lack of charts, right? The lack of value. And trade, like there's nothing wrong. The blinders on, you know, you have your eyes closed. Okay, and probably turn yourself into oblivion tomorrow. Okay, or you could turn around and say, look, I see what's going on. I understand what's going on. Again, I don't want to use the word distribution because that's not it. Again, if you look at the NASDAQ 100, you look at it and say, look, there's nothing wrong, right? There's nothing wrong. When it'll get wrong is losing the five day moving average around the 274 and a half level on the keys until that happens. Nothing is really wrong. The key is going into tomorrow. You have two choices either to be a complete mule, right? Completely omit the signs that we're seeing in front of us. And again, I encourage everybody to look at a lot of charts tonight. You will quickly see what I'm talking about or do the right feasible adult like thing is to go into tomorrow's session. You have your preparation. I do have some names that I do like more on the short side than a long side. But again, I could be pleasantly surprised. And the whole thing of tomorrow is I want to see one side take control of the tape. I really do. I'm in no rush tomorrow. Again, we always talk about value. That's the discipline. Okay, you don't need to trade every day. You sure as hell don't need to trade aggressively every day when you have a lot of warning sides and everything is telling you that it could be a very ugly distribution slash quote unquote chop day. That is your sign, right? That is your sign to tear down share size, tear down activity levels and kind of let things play out. Okay, I always think of the long game. Okay, don't think of the short game. We try to anticipate and kind of win our intervals day to day. But when you are walking into a dark alley, okay, expect that you're probably going to get hurt. So tomorrow is the dark alley. Okay, whether you bring a flashlight, some matches, whatever it is, you have to see through what's going on. And again, I promise you this isn't a cryptic message. Tomorrow you will run into a lot of chop, a lot of dead zones lack of value. If we surprisingly get some good value on one or two things, that'd be fantastic. Three, four things I'd be head over heels. But again, expect nothing. Okay, expect nothing. Let the market play out. Again, we don't trade because the market's open. We trade because there's value. So again, be an adult, be smart. So let's talk about today's pivots very, very quickly. This was, I thought, could have been a really big trade. Okay, so 1856, if it builds below can flush. So I short this thing on a second entry. And this is what I was looking at, right? This is what I was looking at. So here's, you see these two candles right here, right? You see these two candles. So I get short below these two candles on a second entry. Tesla goes down like five points. What I thought was going to happen was I thought Tesla's going to break down these levels, test 1835, break 1835 and go right down here into the 1790s. Instead, it didn't do that. Okay, and it didn't do that. And I wound up, I was up four or five points. I took some off. I always take off cash flow right away. And then the rest, Net and Net basically I lost about $7. Was it the worst trade in the world? It wasn't the worst trade in the world, but it really does show how strong this Tesla is. And I've always made that distinction of, look, you can't be a stubborn mule. When a stock is this strong, it's either going to work pretty quickly or get the hell out of the way. So, you know, the stock starts going down, right? It goes down and then really, really aggressive reversal. So I wound up losing about $7 in the trade. Was it the worst trade in the world? It wasn't the worst trade in the world. But again, that kind of really started getting my day, you know, kind of in the wrong path. And then I bought Amazon, right? I read the green on watch. Note this isn't a pivot. Just momentum. 3.34 obviously is the 52 week high. So I get long Amazon, okay? And I wanted to make sure right away. Again, red degree is not a pivot, okay? So it needed levels to definitely get above. So Amazon goes up about five, six points and it stalls out, okay? And once it goes red, I sell Amazon and lost about a couple of bucks in the trade. Believe me, that was, it was more annoying than anything else. Two bucks on Amazon is irrelevant. But now I'm like, all right, I lost some money on Tesla. I lost money on Amazon. So what do I do next? And this is when you know, this is when again, I've always say this, unless you're a robot, unless you're a machine, R2-D2, C3PO, any robot, right? You're going to have mental farts. So what do I do? Of all things, just listen to this. Of all things, I get long Kodak, right? Kodak on the nine and $10 calls. Yada, yada, yada. I wanted to be losing 30 cents. Okay. So my day sucks. I said to myself, wow, what the hell am I doing today? I'm having incredible mental fart. And then little by little, thank God, at least we had some good opportunities and things played out. So Boeing obviously never confirmed. Roku never confirmed. ZM, again, not a big move. I thought ZM could be like a, you know, could be some, some flow. It took out 278, went like 279 and a half, obviously reversed. Here's where I'm annoyed, okay? Like here's where I'm really, really annoyed. So Groupon, I really like this setup coming into today. 2930 needs to build, right? So, so it takes out 2930 and I'm watching and I go, man, there is no volume in this thing. There's literally no volume. 100 share lots, 200 share lots, no volume whatsoever. Yada, yada, yada. This thing runs up, it runs up to 3059. So it runs up like a dollar and a half on no volume. I don't take the trade again because I'm saying to myself, well, if there's no volume in anything else, why is this thing going to go? It obviously goes. Again, so that sucks. But again, there were a couple of things that did pretty well here. Net never, you know, never confirmed. I caught Facebook. Facebook was strong. You know, this definitely, this is definitely one of the ones that saved me. So we got one through this 266 macro. Stock really exploded. And again, and then it turned around. Again, this is why we always take money on the way up. Use break even as you stop and kind of reassess. So I caught some Facebook. Netflix never got up there. Square never got up there. I missed Google. Somehow I missed Google. So 1558 needs to build on Google. I missed it, man. Again, I don't know. I think my head was completely in my ass today. So here's the 1558 and it goes up 11. And then obviously, you know, it turns around, goes lower. But the point is it went. Where the hell was I? Shop went to like 1035. Apple was big, right? Apple 264.40 needs to build. Again, pretty basic, pretty basic chart. Here's this 264.40 went to 268. Good job fully guys who caught that as well. Alibaba reports tomorrow never got there. It wants highs, blah, blah, blah. Boeing again, never got close. Pinterest also saved my day. We actually got long on the 37 break and it confirmed 37.40 and really exploded. So between Pinterest and Facebook, it really saved my day. You can see here, you can see here in the middle of the day, right? See this 37 level? So we got long on the 37. It confirmed the 37.40 and exploded, right? The next supplies on the 38 and changed. So it actually turned out to be a pretty good trade. But overall, very sloppy. I just didn't like the action today. My head was in my ass. Trading Kodak? Kodak? Kodak? What the hell is Kodak even doing anymore? Who the hell even uses Kodak? What are they? Biotech? They haven't figured out what they are. Biotech, they still make cameras? What the hell does Kodak even do these days? So yeah, so my head was definitely in my ass for most of the day. Thank God we got some opportunities to kind of make men's. But again, very, very sloppy session. So going into tomorrow's session, again, you got to be an adult. I expect nothing for tomorrow. We want to look at value obviously for any clues of macro reclaims of charts or potential breakdowns. I see semis. I am watching tomorrow from the video. Has any weakness? Obviously from the video shakes off the weakness and semis start turning around. Then maybe the whole group starts turning with it. So again, you have two choices tomorrow. Either trade like nothing is going on or be responsible and wait for your spots. Guys, God bless. Have a great night. Again, always think of the long game. God's willing. I'll see you tomorrow. 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.