 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 evening, everybody. Welcome to another adventure, right? In trading, theaxesandtrader.com, weekend wrap-up show. Hope everybody is doing well. Hope everybody is having a great start or kind of work whenever you're watching this video. Wrap up to their Labor Day weekend. Again, that extra day is kind of a big deal. Originally, I was supposed to go to one destination for a long weekend. Those plans kind of got thrown upside down. And so I swammed up with my family in a completely opposite part of the spectrum. Still got a couple of days in worth of the beach, which is great. That's exactly what we need as traders, kind of decompress our minds and charge up. Again, you don't need to be in a major, major funk to need a reset. Sometimes you just need just a couple of days to yourself and enjoy life, spend some time with your family, and kind of adapt. And that's kind of where I want to start out the segue. This video. Most of the time, I try to give a lot of encouraging advice to the newer trader. You guys are very, very impressionable. You're searching for answers. You want to make sure that you are trying to put yourself in a great position to not have a good trade, but have a really, really good career. That is what you desire. But a lot of times, and again, when I speak to about a new trader, I think if you're three to four years or under, you're a new trader. Because again, you really need to see all what the market has given you. The bull markets, the bear markets, the macro-political and rest markets, the distribution markets, the untradable markets, right? The untradable markets, everything. And I think you guys are always trying to get better. But unfortunately, the crowd that kind of gets lost out and almost neglected to the point is kind of that mid-tier trader. The trader has been trading for like five years, six years. And they got their first taste of some sort of consistency. They're on their track to kind of start making a living at this. And then they just kind of hit a wall, right? And a lot of you guys kind of know what I'm talking about. About seven years ago, eight years ago, for all you guys who don't know, before I started trading pivots, I started out number one trading. In 1999, I was trading drillers and brokers. That was my first exposure to the markets. The first person I ever sat next to in generic was kind of my, quote unquote, mentor at that time. She was a trader of drillers. And that's all I knew at the time that I switched kind of brokers. And then I went to the dot-com error and all that good stuff. And when I finally started getting my little niche was somewhere around 2000, middle of 2003, 2004, where the momentum game came back. But then I found that swing trading, a lot of the smaller cap names, was really good. Because again, you didn't have the 3,000 different alert services driving up artificially $2, $3, $4, $8 stocks. You had organic overflow, good accumulation. And the one thing that I've always said was when you have too many people in a space or in retail becomes very, very apparent that they're in control of a group or stock or whatever the case may be. I think that's where you kind of lose your edge. And for years and years and years, I was trading these smaller names, swing them for weeks, had a good book. And then I realized as all these $2, $3 alert services are popping up, and thousands and thousands of people were receiving these alerts. And the stock was going up $0.10, $0.12. And then crashing, it really destroyed me. It really destroyed what I did. Because organic stocks that looked really, really good, I was buying them, they were going up $0.10, $0.15 at a time at that time. And then I noticed massive volume came in, and then they would destroy the stock for $0.30, $0.40. I couldn't connect the dots why everything that I was doing for years and years and years just stopped working. And I think a lot of traders, when you're trading four or five or six years, you got your early success. You're finally on the road to really making a living here. And then it kind of stops working, like things really stop working. And I was very, very frustrated. This is about 7 and 1 half years ago. I was very, very frustrated. I went like a week, basically, not just couldn't get going. The trades that I was making for years and years and years just didn't work anymore. And then I realized that because so much retail was in my names, it couldn't work anymore. And the one thing that a lot of traders do, they do hit a wall. And they're almost at the point of kind of not necessarily crossroads, but they're kind of at the point that they're looking for answers. They have experience, right? The four or five years that they put in, they have the foundation set up. But for whatever reason, what they've been doing for those years, it just kind of stopped working. And that's kind of where I was kind of left with about 7 and 1 half years ago. And I kind of knew that I didn't need to take everything that I learned for the first prior 12, 13 years. All I needed to do was kind of tweak, kind of tweak what I was doing, kind of maneuver around what the market was offering, and kind of find not necessarily a better way, but a better way to kind of communicate my experience to exactly what I saw in front of me. And that's kind of where I sat down and started looking at thousands and thousands of charts again. And that was basically where I had that aha moment that where I initially started finding these pivots. I didn't know what they were pivots at the time. I didn't know anything about the PS60 theory, all that good stuff. But I finally realized that there was something out there that I wasn't seeing that I could possibly take advantage. And unfortunately, a lot of traders, mid-tier traders, five years, four years, six years, they do hit a wall. And what becomes frustrating is you've made it through that hurdle, right? Like I used to hear from a lot of my early mentors that if you could survive the first couple of years, you're golden, right? And that doesn't apply that anymore. Because again, because of all the technology that's constantly changing, the fact that so many people, it makes it so easier to get into trading. Because again, you don't need a degree. You don't need any sort of, you don't need any validation from anybody. If you have money, you open up an account and you can put on a trade the same way a hedge fund manager has $30 billion to put on the trade. So it's a very, very easy business to get into because there are no classifications. You've got money, you can play, that's it. And unfortunately, a lot of people believe, and especially in this type of business, that if you can't get a job, you can create your own. And that really brings in a lot of uneducated money. And unfortunately, when you're in a business that is predominantly controlled by institutional money flow, whether it's option-based or equity-based, you're going to run in and hit a wall. And the most unfortunate part is the frustration kicks in because you've tasted some success, but now you can't figure out why you can't make any money anymore. Because again, market changes, technology changes, much more players in the game, and you find yourself looking for answers. And the one thing I can tell you is there are so many avenues, okay? Going from originally from drillers to brokers to dot-com to smaller cap stocks, and now fast forward, this is about seven and a half years that I'm into the pivot game, you know, you really, as a mid-tier trader, okay, as a trader that had some success and now you're looking for much more consistency, again, you'll never beat the market. Don't ever believe you can beat the market. But what you can do is find ways that you can find an arbitrage. And again, now that you have that four or five years worth of foundation set, okay, you don't need to go back to the drawing board. You don't need to. Because again, you have the basics. You understand how market structure works. You understand more or less, you know, more than less what not to do. Again, that, you know, time is the greatest teacher. So you can't lose that, okay? But what you can do is kind of open up your mind a little bit and really figure out there are other better ways, easier paths to the goal line. And again, I've said this many, many times. The reason why I trade beta versus lower price names. Again, when I say lower price, it doesn't mean $2 stocks. I mean lower price, $20, $30, $40 stocks is because the higher the price goes, right? The higher the price goes, $200, $300, $400, $500. All those people who couldn't get jobs, okay? They're easily accessible for the markets, okay? They're out of those. Okay, they're out of that game, okay? They're not trying to buy or sell Amazon at 1700. They're not trying to buy or sell Tesla, you know, 230. They're in the smaller price names. And the one thing I've always said, if you're, you know, if you are, you know, if you're a trader and you're doing this for X amount of years, you have to find your edge, okay? Before you can find your process, you have to kind of find an edge. And the edge is never in retail, okay? You guys just understand that when you're dealing with retail, again, if you believe in the theory that 90% of the traders lose money, which I don't, okay, which I absolutely don't. I've always said, I believe that 90, 95% of the newer traders under three years probably lose money. But once you hit some sort of, you know, once you hit some sort of stride, you're fine. You know, you really are fine because again, you've weathered that storm. And the most important part that I believe once you get out of that realm of retail, things starting, you know, things really, really starting to be a little bit more clean. Because again, if you believe that in the theory that 90% of the traders lose money, well, why would you trade the same stocks as them? Right? And that's kind of why I shifted to beta and this is kind of where I am. And I've been here now for about seven and a half years, right, trading these pivots. And the most important thing guys, when you are putting yourself in a position of frustration, okay, you're trying to do the same thing over and over again. And once technology and once other market participants kind of stop your growth, you have to figure out another way. And I encourage the mid-tier trader, the guy or girl or anybody else in between that's trading five years or so and you just kind of lost your consistency and kind of lost your stride. You might want to look at something else. Again, your foundation doesn't change, but you might want to look at something else whether you're trading options, maybe go to futures, try pivots. There's different arbitrage. So the one thing you don't need to do compared to a newer trader that just is just starting out and just kind of looking for any answers, anything real to kind of grasp onto, you have the luxury of already a foundation set into place. Just again, don't be lazy and just think everything will kind of work out. Make your way, try to find the answers. And again, you'll be very, very pleasantly surprised if you're trading the way you've been trading for five years. If you look at a longer timeframe, for example, a 16-minute channel, if you start looking in between ranges, in between channels, you'll find something. I'm telling you, this is what we do every day. You're going to find an arbitrage. So before you think any process or any type of instrument that you want to trade and thinking about trade is not for you, give it a shot, okay? I'd give it a shot. It might be something there that you are just not exposed to that can add value to the foundation that you already have and you can proceed with a long and fruitful career. So hopefully kind of a little bit of words for all of you folks who got forgotten, right? Everything's always focused to the newer trader trying to point everybody in the right direction. But those mid-tier traders, the five, six, seven years, they just kind of hit a wall. You can do it. I mean, you could definitely do it. You could find a new life. It's like Madonna, right? It's like Madonna going through decades and she keeps on reinventing themselves, right? I mean, maybe not now, but for a while it's like there's a big difference in the Madonna that came out in the 80s and then the one in 2010. So you have to kind of keep on reinventing yourself and us as traders, because the markets change, psychology changes, more players are in the game. The algorithms become incredibly more aggressive. They were even three months ago. Again, technology's always changing. You have to change with it. You have to kind of go with the flow or else you're gonna dry out and you're gonna eventually die. So hopefully you guys will have an open mind and look for better arbitrages out there. So let's talk about the markets, right? Crazy week. If you look at the market, right? From a technical point of view, we're kind of in this mess here, right? And we've been in this mess now for about two months. We're actually for about a month, from August. And you can see the top of the channel here and the bottom of the channel here, nothing has changed. The fact that we went up pretty much to the 3% all across the board means absolutely nothing. For the same news that the ease on China tensions helped the market last week was the complete opposite that hurt the market the previous three, four weeks. Nothing is going to change them. Just because a new tweet comes out and helps the tape, how is that different than a month ago? How's that different from a year and a half ago? It's all irrelevant. Again, for all you guys who are especially joining us here for the first time, I don't believe anything's going to get done until potentially a new administration comes in, if that's the case. So I do believe you're still going to continue to get big random moves, big random headlines, big random tweets. And again, you've got to be very, very careful because one tweet, one headline, could really destroy your position. We've seen that constantly. Even if we're not in a trade or not in a position, you can literally see the damaging effects of what, when the Trump tweets from the ECB, this statistic, there's so many different variables now. You always have to really change your game and be a lot more defensive. We don't have that luxury anymore to give the stock some range to see if it could play itself out. These headlines are two vicious. You could get stopped out in trade in seconds if we see a very, very aggressive news event or news headline hit the market. So I don't put a lot of stock into what we saw this week. Yeah, very, very impressive. I did like the fact that Beta finally woke up this week around Wednesday and had a really strong move into Friday's session until they finally sold some off, took some profits off the table. But what I believe, I've been saying this all summer, and again, it's very, very impressive today, September 1st, and I understand that summer officially ends September 21st. My kids start going back to school tomorrow. This is September 1st. And for me, this is already, this is for me, it's a start of fall. And I do believe when you see the market participants coming back this week, especially in the Northeast, and why is that important? Kids are starting school. And when you have the big fund managers coming back from the Hamptons or any Rhode Island or anywhere that people or Europe, whatever the case may be, you're going to see a lot more, you're gonna see a lot more volume. You're gonna see a lot more liquidity and you're going to see the spreads narrow, which makes it a lot easier to kind of stay and maintain in the trade. The one thing that we don't know what's gonna happen, people ask me all the time, well, what do I think is gonna happen going into the suite when people come back from vacation? There's no way of knowing. Again, I trade technically. I'm not smart enough to have an opinion what's gonna happen in the future. I'm not a fortune teller. It's like me turning around and saying, yeah, I think Amazon will be at $3,000 in two years, or it could be at $1,200. How long are we supposed to know, right? Everything changes. Again, we're not in the guessing business. We're not in the forecasting business. We're not in the praying business. We're in the collection of data and waiting for that confirmation. And if you look at the data, and again, we speak strictly from the technical point of view. Again, the top of the channel, and I speak on the cues because this is where predominantly my sweet spot is, members of the NASAC 100, well, the beta needs. So if you look at the cues, the top of this channel here is 189.68. And you notice here several times it got to this area and failed. And the bottom of this channel is only down to 179.20. So again, it looks like we're about to take out the top of the channel, but again, what does that mean? It looked like we're about to take the channel here and it looked like we're about to take the channel here and we look like we're about to take out the channel here and they all got rejected. So again, we're not in the guessing business. We know the top of the channel, we know the bottom of the channel. And if you look at a lot of names, and again, for example, a lot of beta names, like an Amazon, they do have a very, very aggressive mirror type relationship with the cues, right? You look at Amazon, right in the middle of the range, the Netflix, although you're trending lower, in the middle of the range, you have Alibaba, again, kind of stuck in the middle of the range, just like the cues and so forth and so on. You go through the whole list of Facebook, again, going right into supply, Apple going right into supply, Boeing that has had a really, really strong rebound. Again, you can see the top of the channel here. You don't need to guess where Boeing's next leg up or the next leg down. You can see it needs to confirm a channel. Shop, that was a really, really great trade on Friday. Again, very, very big move, right? Came back into support and now again, you don't need to guess what happens next. Here's the bottom of the channel, here's the top and there's some juicy sneaky pivots in between, so we're just kind of in the waiting game. Again, good opportunities, most days, but from a macro point of view, again, we need to wait, we need to get to that green light, we need the market to tell us which way the wind is gonna flow. So again, traditionally the fourth quarter has been pretty aggressive, right? Traditionally, you have your Halloween rally, Thanksgiving day, turkey day rally, Santa Claus rally, the January effect, but again, are we guaranteed that? We're not guaranteed anything, okay? Couple years ago, we sold off aggressively into the fourth quarter last year, we rallied or might have been switched around, maybe last year we sold off, I can't remember, but again, there's nothing guaranteed. We have to let the market tell us which way we are going to go next. So going into this week again, we know our channels, again, I wanna give the bulls the benefit of the doubt only because we're closer to the top of the channel than the bottom of the channel, but again, that goes very, very easy. So for example, Tuesday morning when we come back again tomorrow is Labor Day and markets are closed, we could easily get rejected at Friday's high and start rolling over and start going back to this channel. So again, just wait, just wait, nice and calm, you don't need to trade every single day, nice and calm, wait for your value, wait for the players to come back into this tape and you'll see a lot more clarity than you did before this new week. So Friday session, I only traded to about lunchtime, again, I was supposed to go one place, those plans got killed, so I wound up in another place, but nevertheless, a very short session for me, let's talk about it, okay, let's talk about it. Couple of, you know, this is the Twitter feed, couple of good plays, couple of good plays, some really good plays. Shop was definitely the best one, Shop was definitely the best one, happy Friday, yeah, so again, these are all pivots, again, there's nothing edited or taken out, again, they worked, well, they didn't work. So Netflix, I was waiting for that 300 build above, never got up there, obviously, never got up there, so that kind of null and void. This was definitely the trade of the day, Shop, it was actually, obviously, my dyslexia kicked in, it wasn't 289, 290, it was 389, 389, 390, if it builds below, can flush, has not rally in the last few days, and this was definitely the trade of the day. My lowest cover, my lowest cover was two, excuse me, can't say two, it was 375, I missed the bottomless channel when it went down to 373, but this was a really, really good trade, you could just see it for the last couple of days, and the reason why it was 289, 90, if you look at the last two candles before Friday's day, you had a low here of 390, 889, and the previous day low was 391, so it needed to build below this, it needed to build below this 389, 388 level, and when it went down, it was a beautiful move, I mean, really, really aggressive move here, you could see it right when it broke the 60 minute channel, how aggressive these candles were, so congratulations for you guys who took that AVDR, I wasn't even paying attention, I had no idea what the AVDR did. Looked like I said $24, looks like, it never got up to 24, it looks like 2403, and never obviously confirmed, again, this is why we use second entries, Boeing never confirmed this 386 level, Ambrella Strong, they actually like it for this week, never confirmed, they've even got a close up there, Dell 52 rejected twice, pre-market needs to build, nice quick move on Dell, good job for you guys who caught it, again, here's the point of technical analysis, big, big move, put in a pre-market high of 52, as you can see here, this was my point, got rejected twice, right, so 52, 52, it needed to reclaim and accrued claimed, and it went all the way to 53.20s, and this was, here's another trade I took, Alibaba in this, I know Alibaba only went up like 30 cents, this was a really, really nice move, guys, congratulations for all you guys who took this trade, I didn't take, for some reason I just don't know why I didn't take this trade, maybe I was already in shop, but PDD was a beautiful blow off top, I mean, perfect, perfect blow off top, and again, not every single trade is for every single trader, and I always try to put the biggest defying risk for traders who are, because I do understand, although there's plenty of experienced traders in the live webinar on the Twitter feed, there's also a lot of new traders there as well, so I have always maintained the stance that not every single trade is for every single trader, again, you have to know where your strengths and weaknesses are, as a trader, your pain thresholds, and this is a trade that was a potential really good confirmation blow off top, and again, as I said, for experienced traders, only 33.80s was the previous days high, if you guys remember, or the pre-market high of 34.20, this is the area that you want to kind of to measure your risk, so if you got short, for example, 33.80s, you already knew your max pain, your max pain could have been somewhere in the 34.20, which was great about it, and I said, if those levels don't confirm, and if you get about the 34.20s, it got there perfectly 33.80s, if those levels don't confirm, watch your green direct short, and again, that's exactly what happens, if you look at PDD, PDD from Friday, if you look at PDD from Friday, it gapped up, it gapped up the 34.20 pre-market, and it just never took out, it never took out those 33.80s, if you look at the high of the day, if you look at the high of the day, not the pre-market, if you look at the high of the day, this is kind of my point, if it doesn't take out the 33.80s, that could be your reference point to have your max pain, and just a beautiful trade, I mean, really, really great job for all you guys who took it, I was already in shop, so I didn't take the trade, but again, no complaints, but again, beautiful fade, it went right, I mean, pretty much straight down, I don't think it was even uptick from that level, put up like a dollar 30 candles, a great job there as well, I did take this Roku trade, I don't even remember if I messed it up or not, I thought it was gonna stop at 32.50s, okay? So I got long, and the reason why I said 1.52.50s, but again, there's no guarantee ever, there's absolutely no guarantee ever that a stock is gonna go through supply, and nine out of 10 times, it stops. So right here, if you guys see right here, 51.80, 52 was the area, so I got long here, and I missed the top initially by about 13 cents, so I wanted to make it sell, so I only made like 30, 40 cents on the trade, because I knew there wasn't a lot of room for the trade, it was just basically for cash flow, and what happened, it sold off, stopped me out on the rest on my last runner, and then it exploded, like literally exploded like 10 seconds later as soon as they sold out, I don't even remember why, and it went to like 53.20s, if you did hold it, you did a lot better job than me, but again, I knew I was about to go on vacation, and most important thing, I just wanted to take some cash flow there, but again, good value, I mean really, really good value, as you can see here, I said perfect, here, here comes the flow, take some money, and here is, you know, here again, here was just kind of the move lower, lower, lower, lower, lower, lower, blah, blah, blah, die already, I was obviously joking, monster trade, amazing, amazing mover, and all that good stuff, as you can see here, a lot of people did very, very well with those puts. Also congratulations, and by the way, I don't want to minimize congratulations, congratulations to all you guys who caught the BY&D trade the whole week. I was trading it basically for cash flow several times throughout the week, which it did fine, but boy oh boy, beautiful move, again, for all you guys who follow us on social media, I said there's a puncher's chance, it got to that 170 level, and it got to 170, it went to 170, went to 172, big beautiful move on BY&D as well. Just a quick announcement for all you guys who missed the live webinar, excuse me, the live PS60 workshop, that again, we cover all these different plays except for the pivots, the sneaky pivots using option flow, using rejection areas that we saw on PDD, buying balances, reclaiming balances, using option flow for a measured potential as well. The replay is available, and again, I know a lot of you guys are resting this weekend, but again, four hours of content, there is all information, whatever you want on YouTube, you'll never find this. I created this stuff about seven and a half years ago, and for all you guys in the live webinar, and again, testimony is obviously the most important part, and all you guys are doing a really, really great job adopting to the theory, and the most important part is you're trading on a measured level mental potential, and that's the most important part, not trying to overthink, not trying to capture something that's not there, just waiting patiently for your spots and trying to bang out, measure potential. So for all you guys who couldn't make the workshop last weekend, we have the replay available, okay? If you go, I'm sure there'll be a link here in this video, and also the link is pinned to my Twitter feed as well. So if you have time, it's four hours of really great content, and again, if you guys are kind of stuck in the mud, there is an alternative way from the normal, and again, I think you'll really get a lot of value for it. So let me give you guys some ideas that I like for this up and coming week, and let's see some names that are not beta that can give you guys some value. Look at Chewy. Again, I use Chewy, okay? If you have pets, really good site, really, really good site, so we order from them probably once a month. First close, right? Again, hasn't been the greatest performing stock, but first close oversupply, you can see it. If Chewy starts reclaiming, 33, 30s, 33, 40s, this Bollinger will rise. You have measure potential for about a dollar move. I kind of like this S-O-L-N, again, recent IPO. Again, the IPO has been really, really just monster moves. Look at the top of the channel here. 51.97 is the high here. Friday's high is 51.96. So again, you can watch this thing either on a 60 minute support, right? Either on a 60 minute support to buy it on a dip or for a potential move above this 52 area. Keep an eye on that. ULTA, again, destruction, absolute destruction on Friday, down 100 points, big, big move. I kind of like to see this thing wash out, okay? The best wash out, again, if you watch the workshop, is kind of a wash out into the bottom Bollinger band. As of right now, it's 225. It might rise, it might go lower on Tuesday. So please get the morning strategy right and early. But if this thing can wash out, right, and then reclaim the Bollinger band, there's a really, really good chance it goes red to green just because it got destroyed. Red to green for possible dead cat bounce. Again, the stock went down 100. There's no reason why the stock can't move back up 10, 15 points. So guys, have an awesome, awesome Labor Day weekend. God bless you, enjoy your life, love your family, learn to smile. It's never that serious. Again, we don't know how much time we have in this planet. The most important part is the treasure every month. Guys, God bless. Love you all. Have a great, great trading week. 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.