 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. Everybody, welcome to another edition of the Access to Trader dot com nightly wrap up show. Hope everybody is doing okay. Coffee break. So let's talk about the market. So big move down today, right? You got 5% down on the Nasdaq 100 after the close. You got another 1%. Cues it down another 2 points after the close. You know, you just hear like every 30 seconds different part of the world. People are getting quarantined or a new case. We had some actually good messages come back from a certain part, especially in New York, that 83 people that were tested, they came back negative. So there are good parts, right? It's not just one sided all doom and gloom that the end of the world, right? But the market isn't like uncertainty and it really doesn't. And, you know, today from the trading point of view, it turned out to be a pretty good day. Okay, this week has been very aggressive. Yesterday was ridiculously aggressive. Today, you know, I had a very, very specific plan coming in overnight. Okay, we talked about this last night on my watch list, going into tonight. Today was pretty much short. It was basically short airlines, restaurants, casinos, restaurants, casinos, airplanes and cruise ships, right? And when I woke up this morning in Tesla, right? In Tesla and my only long play that I really liked from yesterday from last night's video was Netflix. Okay, so when the market gapped down today, it was a pretty significant gap down, right? We talked about, you know, 400 and change, everything from, everything that I wanted. Because again, I'm just trading the ranges right now. So I'm coming in flat. And, you know, you saw this really big gap down today. You saw, you know, wind down seven and Dallas down two and all these, you know, everything, RCL got crushed, CCL got crushed. And the one thing that I saw today was, I said to myself, well, the value today is going to be to the upside, at least to the open. And the one thing in trading, you can't box yourself in or you can't have the fear of missing out of chasing price action that's not at the levels that you want to trade. And what I'm proud of us from doing today was that, you know, we didn't fall victim to, you know, let's chase these airlines down two. Let's not, let's chase these hotels down three, four. Let's just wait, you know, let's just wait. If there was a washout, let's just see if there is option flow. Let's just see if there is any evidence that there could be any specific sign of a washout type of bottom that could occur. And, you know, the way that they played out was really good. And at some point I tweeted out and we were down 900 points. We started seeing really, really aggressive. And just for you guys who have option scanners, you kind of know this, you started seeing mid-morning really aggressive bets on airlines, right? You saw, you know, you saw a DAL, $1.1 million. I think it was the weeklies, 50 calls. It was like $2 out of the money. You saw MGM grand, right? MGM grand, big bet as well, over a million dollars as well. Big bets on the ETFs into fear. And I turned around. I said, listen, we're down, you know, we're down nearly, this is when the market was down like 900 points today. And I said, you know, we're down like 900. We're down like almost 3,000 points in three days. Again, I would not, I don't want to short anything. I said, I don't want to short anything. I think the value today is to the upside, okay? Is to the upside. And I think there's a shot. I think this market goes, I think there's a shot this market could possibly go green and rally 500, 700 points. And slowly, but surely we started seeing that. It was actually amazing. We went from being down 900 to being down 200. The individual pivots were very, very aggressive. We'll go through all of them in a second. And next thing you know, I mean, you got hit with literally 10, 15 coronavirus headlines in a matter of five minutes. And then next thing you know, any, you know, 700 point reversal down 200 points in the day. And it was done. It was done basically. The fear came back and the markets completely got washed out. You got 4.5% declines all across the board. And at some point, at some point somebody asked me, well, it's a pretty big prediction market going green. Who cares? Who cares if the market's going green, right? At this point, the market's going from down 900 to down 200. Who cares about being right? The value plays were there. The pivots were there. We took advantage of these pivots. So it would have been nice to see this big rally, and if these headlines would have been in golf. But again, just not there yet. It's just absolutely not there yet. And the market got washed. And you saw a 1200 point move on the doubt. And pretty, pretty aggressive in all the plays that I was watching going green. And they won green. The casinos turned green. The airlines turned green. Netflix was a monster today, absolute monster today. But this is again, why we always say, you know, we say this all the time. We don't care, right? We don't care what the market does. As long as it gives us ranges and gives us defined risk within those ranges, we're cool. We're cool. Again, I would rather have a bull market, of course. Everybody's doing better, right? Everybody's doing better. Everybody's happier, you know, macro wise, everything is great. When you have a decisive market going to the downside, again, if you're, you know, if you've been doing this for 10, 15, 20 years, you saw this already, right? You saw this already. This is kind of the reminder of what happened during the mortgage mess, right? The only difference is we're talking about economic collapse versus a virus. But that virus, as we talked about last night in the video, has a domino effect. Again, it could spew into big business. And again, you see every, you know, you starting to see Microsoft give some negative guidance or Apple last week, give some guidance. You saw, hell, MGM talking about like 90% of their, 90% of their casinos in Asia is like empty. So this has a potential for a really, really aggressive effect to the economy, especially for the brick and mortar businesses. But what's great about where we are now compared to where we were during the, you know, during the mortgage mess, number one, the society in general has deleveraged. Okay. And back then there was much more, much more, you know, reliance on brick and mortar versus now you don't even need to be in the office, right? If there is God forbid some sort of pandemic and again, hopefully there won't be, you know, business can still survive. Look at all of us. All of us are having this conversation right now over the internet. Most companies now, you know, will let you work at home. So hopefully, right, hopefully, I thought I saw a headline coming in from Israel talking about that they have something that they're working on and maybe they could find something, get something done in the next couple of months. The good thing is, and I heard this from somewhere, that now that we're starting to get warmer temperatures, hopefully this will be something that once it starts getting warmer, that this will kind of die down. We're hoping, you know, we're hoping until they kind of find an antidote to kind of cure this, if this thing pops up again for next year. So again, there is a lot of doom and gloom out there, but as a society, we are different, right? We are different. And just trading from, you know, trading from, just talking about it from the trading point of view, it's much easier for me to have this conversation in 2020 when I went through this, again, not similar, but again, mayhem, potential Armageddon, right? 2007, 2008, 2009. And the good news is we got through it, right? We got through it. And if you look at all the diseases, the SARS, you know, the SARS and all these different things that we've seen throughout the years, we got through it, right? We got through it. So yeah, it's a shitty time, excuse my French. It's a crappy time to kind of be, especially a new trader, when all you know is a linear bull market. And all I kept on hearing was when we were in this bull market and the dips were getting bought off those rising 60 minute channels, well, traders love volatility. And all I kept on saying was, well, be careful what you ask for, right? You're talking about expanding ranges. When things get volatile, right? When things get, it's all good, right? It's all good until things get volatile. And then next thing you know, you're seeing the same people that talk about oh, we love volatility. Well, we're getting volatility right now, right? Well, you're confusing volatility with expansion ranges. Everybody thinks they want volatility until things get volatile. And the same people are talking about volatility is great, volatility is great. And now we're talking about, well, so you got to sit on your hands. Cash is a position, right? Cash is a position, sit on your hands. You got to be careful. Guys, understand this. You got to be careful in the most rabid bull market, okay? Right now, you just have to be responsible. That's all it is. That's the difference. You have to be careful in a bull market. In a bear market, things are different. Things are much more aggressive. There's less market participants. That's why stocks go a lot lower, faster, harder, less liquidity, less size. But that's what happens. Then the market goes higher and there's more market participants. Because again, remember, it's much easier to get a $20 candle to the downside than a $20 candle to the upside. Remember that. So the one thing if you are a new trader right now, again, you've never went through it, okay? But this is the type of market that if you could just understand why it's happening, why market structure is breaking down. And if you don't have a process, right? If you don't have a process, it's your job to stay out, okay? Not to play around. It's your job to stay out. And again, there's nothing wrong with it, okay? I trade channels. For me, it doesn't make a difference. Long, short, as long as there's channels that are confirming to the upside, to the downside, in the middle, it's all good. We could pick spots. We've been doing that nonstop for almost 10 years now. And the most important part going into tomorrow's cycle is, there's nothing that I'm looking at right now and saying, well, I have to watch this tomorrow. We're going to do tomorrow exactly what we did today. Okay? We're going to wait for channels to establish, depending on how the futures, the futures wake up tomorrow. You know, maybe they're down another four or 500 points. Maybe God knows. Maybe they're up, okay? Let's assume down. Again, we're going to wait for value to the upside. We're going to wait for channels to hit supply. We're going to wait for the confirming channels. Rinse, repeat, rinse, repeat, rinse, repeat. But we're going to do it in a very calm, orderly way. That's the only way you're going to survive a rabid, exaggerated market with an extreme catalyst. You've got to be an adult about it. And again, if you don't have the process to navigate this type of market, just admit that to yourself, right? Admit that to yourself. There's nothing wrong with it. Stay out. Stay out. It's much easier, right? It's much easier to understand your strengths and weaknesses than be thickheaded about it, right? Be a knucklehead and try to trade daily channels where daily channels are not going to confirm in this type of environment only to give back, God knows, a week, a month, two months, a year's worth of profits to kind of teach yourself less. And you don't need to teach yourself less. I'm telling you what's going to happen. So it's very, very important to kind of recognize where your strengths are, where your weaknesses are, and kind of navigate the markets. Therefore, strong day today. Strong day, guys. Again, just a quick reminder for all you guys who do want to jump on the feed. And the feed's been, I mean, look at it. It's just really great stuff. And again, I didn't wake up. We didn't wake up one morning and have these things kind of miraculously work out. I've been trading pivots now for about nine years, man. This is something in a good market. It's great. In a bad market, it's very, very good. Again, liquidity is always an issue in the spreads. But again, it's something that I just feel comfortable in trading right now. So if you want to jump on the feed, guys, you've got a couple of days left to kind of lock in these rates. And then the rate's going to go up in the beginning of the month. So if you are interested, please don't hesitate. So let's talk about the pivots today. Really good stuff. So I said this, if you guys are short overnight, make sure you take your profits. There's a scenario I could see for reversal at some point this morning, which exactly what we saw. This day could have been perfect. But again, those late headlines really killed it. So basically, we talked about all these things in the webinar last night, excuse me, in the afternoon. So all you guys who did come in, Dallas Love, JetBlueWin, Las VegasSans, all this stuff. Great job. Big gap downs this morning and blah, blah, blah, blah, blah. So this is where we talked about the specific channels today. Have to be patient today. The value is to the upside. We have to wait for those channels to confirm. And they did. So let's talk about the market today. Pretty, pretty good, really, really good day. So we talked about all of this. So it started out square 80, 270, 83 needs to build. They came out with earnings very strong, very, very strong. Here is the 80, 270, right? Here is the 80, 270, 83 build. We said there's a shot to 85. You know, beautiful move. Beautiful move right to 85, 93 actually. Really strong move on square. I didn't shorten any space. If you guys did, congratulations. 23, 50, 23, 25. If it builds below, it can flush more. Again, it's just basic technical analysis in extreme environments. But again, it works. So here's the whole channel right here, right? Here's the whole channel right here. It broke down, right? It took out that 23 and a quarter, 23 and a half. It went all the way down to that, went down to 19. I thought it was going to hit 20, went to 19. Big, big move on space. Shack, you know, Shack gave a move. Again, it's one of those names from last night's commentary. Shack, if it builds below, can flush more. Shack, again, wasn't really a big move. Really wasn't a big move. So here's the whole 60 break. It went down to like 58, 70. So it wasn't one of those monster, monster breaks. But again, cash flows, cash flows. If you got a good job there. And again, here's my comment. You know, every pivot just take along the way and just use break even as you stop. Again, it's not about being, it's not about being right. Just accumulating, accumulating a move. Here is the big move. Here is the big move today. Here is definitely my big move today. Netflix 37830, 37850 needs to build. Just, I mean, again, we talked about the thesis last night on the video. Again, I thought it was a natural, perfect play for anybody that wants to stay home, that doesn't want to be in crowded places and market agreed. So we talked about this right here, this 84, 278, right? 278, what was the number? 278, yeah, 27830, 27850 needs to build. So here was, you know, here was Netflix right here. Netflix right here got long. This thing just exploded, just absolutely exploded. It first paused at 82. I made some sales in the 81s. It came back red, right? Went back to green and then it confirmed the big number there. And I tweeted this out right after. I'll show you that in a second. Once it got above the 382, right? I put this back in the channel. Once it got back out of 382, that was a previous day's high. It just exploded when all the way up to 392. So if you caught that whole move, congratulations, I caught a part of it, but I'm pretty happy about it. So Netflix was good. Again, take sales. Nice move for all you guys, the second entries. Again, I was not in space. Yeah, watch the airlines. You know, watch the airlines, airlines turning, you know, Dallas 1.1 million dollar bet. On the 50s, watch the red to green. This thing went up about 80, 90 cents. Netflix 82 now needs to reclaim. Went up 10 points after that. Big move there as well. Again, going to 85 and bypassed 85. Kept on going. I sell into this, right? Sell into this 84, 85, and it kept on going. Same thing, you know, M.A.R. Just exploded. Watch Win in Las Vegas Sands. Red to green. Win went up like six, right? I mean, Win had a massive move. I mean, look at this move. Win Win Green, it put up like $6. Las Vegas went up almost like $1.50, $1.70. I mean, big turnaround. And it could have been such a huge, it could have been such a good reversal if those headlines just didn't come in. I mean, we literally went down from down 900 to down 220, man. I thought this was it. I thought we were going to turn around and have a thousand-point rally. It just never came. Again, Mark, you know, M.A.R. on watch red to green. Note, this is not a pivot. It has to confirm 2150. Look at the move that M.A.R. did. It is insane, right? Here's the 2150. It confirmed, this thing went to 27. I mean, just what could have been, if extra news didn't come out, it would have been outrageous. Roku, again, they just kept it going one after another. Roku, 111, huge supply. If the market wakes up, keep an eye, it needs to reclaim. I didn't trade any Roku. By this time, I was already done for the day. But here's the 111, right? Here's the 111 reclaimed that went to 115. I mean, huge moves. Again, huge, huge moves here. China, Starbucks, red to green didn't work. Didn't work. Starbucks actually went green. It went up like 50 cents, 15 cents, and then crashed down. So that one did not work. Square, let's go. Take on everything. March, you know, M.A.R. Oh my God, oh my God. It went up $7. Roku, like I said, Roku, take on the way up. Bang, blah, blah. I mean, at one point, there was big moves. CCL, watch red to green. This thing I took went up about 50, 60 cents. This was a big move there as well on CCL. Yeah, that's it. I mean, it was a really strong day, very, very strong day. And then, man, without those headlines, we would have had a monster, monster day. I mean, it really would have been a really, really strong day. Because I think if those extra headlines didn't come out around 1 o'clock, right, 111.30, I think we would have been up 1,000 points today. I really do. But again, it is what it is. You take on the way up. You don't play any games. You use break even as you stop. Rinse repeat, rinse repeat, rinse repeat. So again, I don't love anything overnight, right? I don't love anything as far as individual plays for tomorrow. I want to see how the future's open up. Okay, we're open down. I want to make sure that we are seeing proper channels for tomorrow, okay? We're probably going to start our day at 10 o'clock tomorrow on the first candle just to see the initial market noise kind of filter out. Because the last thing we want to do is kind of jump the gun and guess. We want to make sure everything confirms. So guys, have a great night, everybody. Stay safe. Please get to the live webinar early tomorrow morning strategy. We'll talk about all these pivots. And with God's help, I'll see you all tomorrow. Take care, guys. Have a great day. 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.