 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 theaxesatrader.com. Nightly wrap up show, hope everybody is doing okay. So crazy day, right? Crazy, crazy day. So this is, we're 24 hours after the biggest decline since 2008, right? And if you watched the video last night, there was a couple of things going through my mind, right? Obviously, everything's on the table. You go back to the video, we kind of said, listen, can I see a market going up today a thousand points? Sure, again, we went down 2000, snapped back up a thousand, it's not out of the possibilities. Okay, the problem is when we woke up this morning, okay, when I said possible rally up a thousand, I didn't think it was going to come before I woke up this morning. Okay, and when I was thinking about possibly, you know, gapping up to 300 points, we hit supply, we roll over, we go back lower. So I had my game plan, we gap up, I think everything turns around, we go red on the day. And if we gap down, I think there's a washout, we start rallying back up. Again, in my wildest dreams, I didn't think I was going to wake up this morning and see the futures up a thousand points. The one thing that I said right away was anybody who bought the open was going to lose mine. It was a certainty. And any time you get a market that gaps up, especially in a bear scenario, and we've been saying this constantly over and over again, you're going to run into supply. And anybody who bought the open lost money. Because again, here's the market, right, gapped up right into supply, and the cues went red. A thousand points gone, a thousand points out of the money. And now before you turn around and say, wow, it must have been a phenomenal day, right? You had the game plan, you were ready for it, you must have done great. Well, let me say this much, right? Let me say this much. Not every single game plan is good or bad, okay? I had a lot more value yesterday when the market gap down a thousand points to the long side of all things, right? Then I had today on today's session, okay? And if you notice the sell off today off of supply, it was like this. And what I mean by that, it was almost like an EKG machine. And if you saw the spreads on some of these names today, you would have been like, this is absolutely insane. Like every single time we ticked up, they rallied back $3 every time they ticked down. They kept on spreading down these stocks over and over again. So I was just sitting there and I'm like, I see everything happening. The game plan is working. What the hell is going on? So I said, you know what? Let me give the bulls the benefit of the doubt. Let me see what happens here. So my first trade of the day, Nvex came out with some news and I said, you know what? Let me remount a very strong stock. It came out with news, blah, blah, blah, blah. Okay, so cool. So the stock goes down into rising support. I get along the stock, goes up like 10 cents, nothing, right? Goes up like 10 cents. There's a massive reload seller in the stock wind of losing a dime on the trade. Okay, whatever, no big deal. Futures start coming back in, right? Futures start coming back in aggressively. I turn around and I say, all right, you know what? Market's coming in. Here's my game plan. Roku 9680, 9660, if it builds below, it can flush. Okay, no problem. So I get short Roku, right? Now you're going to turn around and say, wow, that was a great trade, right? Great trade. 9660, excuse me, here's the 9660, right? If it builds below, it can flush, right? Stock goes down to 92.75. What's the problem? So I get short the stock and goes down like 30, 40 cents. And then all of a sudden you see this big remover, so much like the EKG machine. So you get this big spike in futures, right? Big spike in futures. And I was like, okay, I don't want to get caught short. Let me take off the trade. You know, I wanted to be losing 28 cents. Again, nothing, right? It's not even a conversational piece. Nothing's going on. I was like, okay, no big deal, right? We start rallying, start rallying, start rallying. And then all of a sudden Roku turns around as the market rallies, that the, that gets destroyed. I never get back into the trade. And then I'm watching the market. I'm watching the market. I'm starting to see things slowly, but surely get weaker, and slowly, but surely get stronger. So I lose some money on Roku, lost a cup of coffee on endbacks. Now I'm just annoyed because I can't figure out what's going on. But my game plan is playing out. So then I get long Apple, right? right? I get long apple and that's fine right? I get long apple and we sell it right into supply all right made back my you know made back my losses but again the market starts doing this freaking EKG machine and slowly but surely I start losing interest because little by little the market I felt like the market was kind of slow playing us. I felt like the market wasn't going down enough and I felt like it wasn't rallying enough so I'm sitting there and I go and I actually made a very very good conscious decision. I turn around I said you know what I don't want a piece of this right this like an hour hour and a half into the into the day and I made a conscious decision because if you guys remember last if you guys remember last last Tuesday when they came out with surprising rates I made some money and then I gave it all back because of the market was just unsettling. There was a lot of there was a lot of technical damage. I said you know what I don't want to this piece I'd rather just sit here I got a couple coffee in my hand I don't want any piece of it and for the next three hours or so you got nothing you got nothing from the tape and the market kept on going up and down and up and down and up and down and this is all in the same candle and again were there things in between to do there was you know Disney went green to red got smacked down and at dollar and a half I didn't trade it again at this point I kind of disconnected myself with the day I really did but the one trade that I knew the trade that I knew that it was kind of my my exit stage love trade okay you see this pivot right here 633 right 633 if it builds below can flush experienced traders only okay Tesla went red on the day okay Tesla went red on the day and because the market was moving like a freaking EKG machine that I just couldn't get I just couldn't get a sense and I got I mean literally got short right here right I literally got short right here and I just couldn't figure it out it was going up a dollar down and down up a dollar down and I'm watching the futures explode and there's reload buyers because it's on it's on an SSR and I'm like I don't want to get squeezed for five six points blah blah blah blah so I wind up covering Tesla literally made a cup of coffee and then the future start tanking and I watched the stock literally go down 25 points so at this point I'm just you know I'm like all right you know I see where I'm beaten you know I see where I'm beaten I'm going to take my cup of coffee and I'm going to go home right I'm going to go home and ironically later I bought this little stock I made some money in this little stock but I said at that you know at the end of the day it's just not for me and at some point of your trading career you have to know you know you really have to know when it's not your day okay whether it's your trading poorly you're not seeing the market the right way okay or okay or it's just as simple as you can't get that technical edge and today was kind of one of those days that I just couldn't get my technical edge okay I couldn't get my technical edge there was nothing about nothing about the day in the first three hours that I was dying to do okay and the moral of the story is I just couldn't get going but that's okay right that's okay we always talk about playing premium hands we always talk about the ability to know when you are faced with an AK-47 as you're holding a butter knife right today I looked at the market the game plan you know played out perfectly I couldn't capitalize I just couldn't capitalize it was too jerky-nerky whatever the hell it is called too big of a spread too many whips and I said you know what let me excuse myself I'm going to stay in the sidelines and I kind of lost interest in the day right I kind of lost interest in the day and at the end of the day you know what I was okay with that because I say all the time again the market is not there to pacify us okay it's not there to you know to entitle us to do anything it's it's there again to separate us and if this was 10 15 years ago I would have kept on trading and trading trading in the morning and out of probably got chopped up and by the time the afternoon came up and we had this really really aggressive reversal right we had this massive reversal all the way back to the upside I would have probably found myself in a very very you know normal situation that a lot of traders are that they're trying to desperately make back their gains they're mentally shot they've burnt their mental equity and the moral of the story is they're probably trading a lot emotionally as much as I watch the market go up 1100 points I know what I'm okay with that you know what I mean and I think at certain at a certain point of your career when you get to that level that the fear of me you know the fear of missing out kind of goes away okay and you're so comfortable in your own skin that say you know what I'm holding that two nine offsuit I know I'm playing against Phil Ivy my opponent on the other side of the table with an AK 47 I'm holding a wooden spoon I just know this is not going to be my day right I know this is not going to be my day and again flat is good up a little bit down a little bit it doesn't make a difference as long as you're seeing the market the proper way as long as you are putting yourself in a situation that you know you did everything to protect your capital protect your mental capital the next day will always give you better better value right the next day will always give you better value and that's the name of the game uh that's really the name of the game it's all about putting yourself in a situation right putting yourself in a situation that I apologize I'm just trading out of something here um the market will definitely put you in a situation that you are going with aggression instead of trading passively and that's the game you know what I mean and that's and that's obviously the game so make sure again no matter where you're trading no matter how you're trading put yourself in a situation that you will always be the predator not the prey so going into tomorrow again I mean what are we going to say technically right I mean what are we going to talk about technically technically you could turn around and make two cases right the first case is this is an inside day from yesterday's move right the doubt was down the doubt was down um what was it that the doubt was down uh 2000 points yesterday was up a thousand points today okay um Trump is speaking at 530 so this is uh I'm recording this ahead uh I'm I'm recording this ahead of the of the announcement uh he's proposing some tax relief on something oh there's been such a long day I don't even remember I think it's payroll tax payroll obviously something uh that's going to help uh to help the economy out again these virus news are everywhere this is this is coronavirus overload this is where I wish that there just wasn't so much news dissemination to it's just overwhelming already it's just incredibly overwhelming and the most important part of this I don't need to know every single time Joe from Wichita, Kansas has the sniffles and possibly has a is a we get it man we get it it's serious we get it but I think manages all these new services are disseminated into nausea already into absolute nausea that you can't blink without a without a headline and it's getting a little bit too much but again that's the world we in again we live in and again you can make all you know the comparisons to the flu blah blah blah 40 million people die from the flu three people die from coronavirus I'm obviously joking uh but but again the problem is we know what the flu is there's flu shots again they're not 100 effective I think this year was like 45 but at least we know what we are this is still the unknown and until we still see the unknown right until we're still in the unknown market we're still going to put put ourselves in a position that the cloud of uncertainties over us so again can we gap down tomorrow on 900 points absolutely and again if it was up to me in a weird way if it was up to me because again I'm going flat pretty much every single day if it's up to me okay if it's up to me um I hope we get a gap down I really do I hope we get a gap down because again the value for the last two three weeks has been to the upside right it just absolutely has been to the upside uh when the market gaps you know 500 a thousand points you're looking for that reversal but sometimes these reversals like we saw today came on one candle like this right and again I don't know about you but but again I can't be in a trade that does this right I know the EKG trade is not for me because again the liquidity sucks the spreads are big and again I'm not going to sit there and paint five six dollars in trade when I can't control my risk it doesn't make sense so I made the I made the conscious choice I got out of the way blah blah blah if you caught these trades congratulations I put in a pivot in the afternoon I put in a pivot today a couple pivots in the afternoon this thing ran up about four dollars TDOC ran up about four bucks on Netflix obviously never got below 350 60 but the upside pivot did 358 needs to build and here was the move on Netflix at this point I was already I was already far removed so here was the 358 50 right 358 bid here and it just absolutely exploded into the 364 area so tomorrow you know I'm hoping we get some sort of uh down open or if we're going to get an up open I hope it's less than 300 points again it's so hard it really is so hard if you're coming in with a game plan when the market opens up a thousand points you you know you have to almost rewire yourself to say to yourself well I'm expecting a pullback but at some point right at some point there could be a macro news announcement macro news analysis going to say it's a blowout the water so today was a very very tricky day and as I say not all thousand point rallies are similar and not all two thousand points the clients are bad yesterday was an incredible day today I wanted to choke myself and I wanted to kind of just end it by around lunchtime so let me give you guys some ideas for tomorrow just in case right just in case we have kind of a follow rally you gotta look at the cruise ships you know gotta look at the cruise ships you know royal Caribbean massive massive decline you know you want to start looking at this range right here if it starts clearing out a range you know maybe you could start you know moving up you know a couple of bucks here you know I like this royal Caribbean let's see what else I kind of like here let me see what else I kind of like here you know Facebook you know Facebook if we continue the rally if we could if we see the rally here again above this channel here if Facebook starts building above this channel it goes two three bucks in the trade there as well let me see what else I like here let me see what else here I like you know I like the airlines if we get another bounce right you know Dallas Semiconductor if it starts clearing out the top of this range right here you know maybe reclaiming that 46 level maybe you could go as well Chipotle again if there's another one day rally against some of these restaurant stocks can't jump back if it starts rebuilding 705 707 area if we get one more rally you know one more day rally who knows maybe goes into the 730s but again again you have to be limber you know you have to be limber you have to be open-minded today was just a day I just you know I just wanted to be over by you know by lunchtime not because it was this massacre day no it wasn't it just one of those confusing I couldn't get a pulse I couldn't get into rhythm in the mark and the most important part is I watched my whole game plan come into fruition and I didn't capitalize it and it sucks but again let that be the worst day possible guys have a great night everybody again tomorrow we should get better value I'm kind of hoping we get a little bit of a gap down you know three to four hundred points I'm just joking any gap that will be good the value will be to the upside and hopefully we'll get a lot more seamless days like we did yesterday compared to today guys God bless and I will see you all 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