 I don't care what type of trader you are. You don't need to trade tennis. You could be a futures trader. You could trade Pokemon cards, whatever trader you are. Put yourself in a position that you know come Monday morning and the bell rings, no matter what the market throws in you, hell, high of water, whatever, bull, bear, and different elephant, poodle, Yorkie, whatever. Put yourself in a position that you sustain longevity. 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. Welcome to another weekend edition of the Access to Trader.com update show. I hope everybody is having a blessed weekend. Again, it's amazing. I haven't had a real haircut in about nine months. My wife has been doing these jailhouse haircuts on me. I shave now like once every week and a half. All we basically do. And again, for those quick to judge, I haven't had a vacation now in about, what, 10 months. So I wound up. Before anybody judged to say, what's the problem of your life? Again, I had two childhood friends die of COVID. And one was in the hospital for several weeks. So again, I don't want to put my kids out there for just in case of having a little bit of pleasure, to kind of have the worst case scenario happen. So I wound up pretty tight. And came Thursday, came last Thursday. I was incredibly, incredibly tired. I mean, to the point of when I was recording the video, I actually led with me saying I was this close not recording the video. That's how tired I was. So for all of us who've been very, very responsible, and again, not putting any chances. Again, we know the numbers. We just don't want to be part of that .000000, right? That just leave earth before our time. So a lot of us who've been trading for a very, very long time, it's hard to balance between the mental aspect and continuously pushing, pushing the boundaries of what, again, arguably now just as good if maybe it's not a notch lower than what we saw in the .com era. So we want to continue to put ourselves in a position to be present when these opportunities are there. Because again, we all know eventually this is going to stop. And I say this randomly, because this is true. I mean, any great bull market run, especially euphoric levels, eventually is going to end. Like I said, I say this every single day. It might end tomorrow. It might end five years from now, but it will end. So we want to kind of put ourselves in the position that we are present to really push as much as possible. But at the same time, if we're not mentally 100%, it's very, very tough to concentrate. It's very, very tough to clearly think. And it's also impossible to kind of make good, solid choices. So I think right now we're heading into the last three, four months of 2020 and good riddance. Again, 2020 just amazed more and more just bad news, crazy events just continue to rise all over the world. So good riddance, right? I understand it's only a day on the calendar or a date on the calendar. Again, what's the difference between January 1, 2021 or December 31, 2020, right? 2020 is out of here. So I think we have to find a balance all of us. And I've been speaking to a lot of guys who've been on crazy runs. And they're like, Dan, I'm holding on mentally, OK? Because everybody's a lot pretty much in the same position. We're holding on to the point that, again, it's so important to find the balance between trading aggressively when it's warranted. Obviously, there's going to be days that markets are going to contract channels. And those are the days you kind of want to leave alone. So there's a balance between wanting to be an aggressive trader in a very, very hot market and being a better friend to yourself. And there is a formula to this. And I've been telling this to guys now for months. 95% of the aggression for the day is going to be until that figure between lunchtime and about 1 o'clock. So you figure between the open till about 1 o'clock. After that, you're going to see a natural range contraction. I say this every single day. And most traders don't know that. Most traders just don't have the experience. And that's why, unfortunately, most new traders continue to give back good chunks of their day in the afternoon, because they just don't understand that the market is broken down into two rational sequences. You've got the morning that traders are taking advantage of emotional chasers. There's a lot of excitement. There's a lot of testosterone. There's a lot of everything. And the prices are exaggerated. That's the channels you want to trade. By the time the afternoon comes, traders who are looking to hold positions overnight, all they're doing or even longer term, all they're doing is positioning. And that's why a lot of these channels start to contract. But unfortunately, a lot of new traders, they don't get that. And a lot of times you hear that scenario, I gave back my whole day. That happens in the afternoon. That doesn't happen in the morning. So for all you guys who have been on good runs, I would really suggest just stop trading the afternoon. Take half the day off. You're still taking advantage of one of the more aggressive markets I've traded in the last nearly 21 years now. And you're being a better friend to yourself. I say this all the time. Do something nice for yourself. This is mentally, this is all we have. If you're not mentally there, don't even turn on the computer. I don't care if Amazon's gonna give you a 75 point potential candle. The point is if you're not mentally sharp, and you are weighed down heavily mentally, just by life, just by circumstances, you're never going to take advantage. And more important, you're gonna do something unfortunately stupid to really put a hickey on your account. So you don't wanna do that. So be a better friend to yourself. Again, log off at lunchtime, go to the park, go to the beach, go to the lake, go ride a bike, do something nice to yourself. And again, you could still take advantage of a very, very hot market the next day. The intervals are still gonna be there. Believe me, if you're looking at a trade in the afternoon, that trade is gonna be worth 50 cents to a dollar. That same setup in the morning could be worth $12, right? In this type of exaggerated market. So trust me, be a better friend to yourself. Take half the day off. You're always going to be in a position of strength as long as you're being a better friend to yourself. So take my advice, believe me, the market's not going anywhere, especially in the afternoons. And most traders are ripping their hairs out, poking out their eyeballs. Why did I give back my whole day? And again, this is the reason why the intervals are in the morning, take advantage of them. So really hot market. I mean, there's really nothing you can say about it. Even the days that you're preparing for a contraction day or a possible slower day, you look up and you get massive value. If you look at Thursday's video, I said, hey, look, there's been some massive moves here. I wouldn't be shocked if we have a slower day on Friday. And you're preparing for it, right? You're mentally preparing for it. Because again, the last thing you want to do is trade irresponsibly. Keep on pushing, pushing, pushing. But then you wake up on Friday and you got these channels and they confirm, you get all these aggressive option buyers coming in. And the next thing you know, the market continues this insanity. And if you look at the week, you got nearly 3% rises everywhere. S&P did incredibly well. Nasdaq did incredibly well. The Dow finally erased. And if you think about it, it doesn't even make sense. But the Dow finally erased all its gains, excuse me, all its losses from the March loss. Think about how long it took while the Nasdaq has been completely thriving. So a huge disconnect there. It shows you really how strong these beta slash tech stocks have been there. So it really is incredible. But what's more amazing is how much aggression there actually is. And again, if you go back and look at Main Street America versus Wall Street America, it's like having two different conversations. And the market continues to be good. The problem now is kind of going forward every single day. Number one, we know deeper in our minds, right? Again, if all this has been trading for a long time, we know what happens next, right? We know eventually what happens. And again, like I said, it could happen tomorrow, it could happen three years from now. We're now fortune tellers. Again, I couldn't tell you what Amazon's gonna do this week. I can't tell you what Tesla and Apple, after this split, gonna do this week. We don't know. Okay, we don't know. Okay, stop guessing. We don't know. Nobody's smart enough, okay? So it's not our job to guess. Again, it's price, actually. Whatever Tesla tells you is gonna do this week, that it's gonna do. It's gonna split, there's euphoria, a lot of miss uneducated traders talking about why people are selling on Friday. Don't you want your $4 dividend? My mind though was exploded, right? You're getting a lot of uneducated traders talking about some nonsense. And again, that's what this business is. It's uneducated traders versus educated traders. You pretty much understand who wins. Again, euphoric moves are completely different than strategic alignments through technical analysis. It would be very, very coherent to understand what is what. But I think this market is really teaching us a couple of things. The opportunity is there, okay? Whether it's on a daily basis and this type of tape, yes, you know, on a weekly basis, yes. But again, eventually, okay? Eventually the market will stop. It's so important right now from the point of your educational bias, your foundation that you are laying down to yourself. What happens, okay? And you have to ask your question to yourself every single day. What happens when this stops? Because remember, during the internet craze, I didn't think this is ever gonna stop, okay? I thought this was like the easiest thing ever. And again, when you're a simple mind and you're completely naive and you're wet behind the ears, you're thinking it's easy, right? So when you're long one share of Tesla at 1,500, it goes to 2,300, right? You think it's easy, right? I'm not digging here, I'm just telling you what's happening here. So eventually you have to ask yourself the responsible question. Eventually the musical chairs will stop. Eventually the aggression will stop. What are you doing to put yourself in a position that the next sequence of your trading career, your trading journey will begin, okay? Eventually the average true range of Tesla and might start on Monday will not be 150 points a day. Maybe it's four points a day, okay? Eventually the sequence and the average true range after Apple's split might not be $6 for the day. It might be $2 for the day, right? And on and on and on. And maybe, I know crazies are crazy to sounds, maybe the market one day will flatline and start going lower, right? Crazy to sounds. So what are you doing to put yourself in a position to play the long game, the longevity, right? What necessarily steps are you gonna take? And the most amazing part is when you're a gambler, right? And you are constantly pushing the chips in the table and you're in a hot streak. Again, like a Tesla, for example, any high beta name has been exploding. You never think that streak is gonna end. Unfortunately, again, remember, and this is very, very important, there's a reason why the casino always wins, okay? It's gonna stop. Your job again is to predict levels of stoppage, react before it stops and put yourself in a position of safety and put yourself in a position that you can make money on both sides of the market. A lot of people turn around because they're so naive and say the sellers never win, the bears never win. Remember, if you're a professional trader, both sides win. Both sides win constantly, okay? Even the guys who are perma bears in this market, they're perma bears in the market professionally. They're not just selling stocks to sell stocks, they have an edge. So the naive aspect of bears never learn, bears never win. I don't believe in bulls and bears, okay? I believe in opportunity. I believe in sellers bias, I believe in buyers bias. Right now, we're an incredibly buyer's bias. We've been like this for a very, very long time. Obviously, we have opportunities of strength and weakness on both sides of the market, but we know generally who's winning, okay? But again, when this market turns and it will, okay? Again, a year from now, tomorrow, three years from now, again, put yourself in a position, no matter what your trading style is, no matter what type of stocks you trade, put yourself in a position that you are ready. And not only are you ready, you're looking to continue to thrive. Again, that is the difference between somebody who buys stocks and a professional trader. And again, if you're not putting in the work, and I say this every single weekend, and again, I don't care what type of trader you are, okay, you don't need to trade to this. You could be a futures trader, you could trade Pokemon cards, right? Whatever trader you are, okay? Put yourself in a position that you know come Monday morning and the bell rings, no matter what the market throws in you, hell, high, water, whatever, bull, bear, and different elephant, poodle, yorkie, whatever, okay? Put yourself in a position that you sustain longevity. So crazy week, really, really aggressive week. Names have been going absolutely nuts. The Roku's of the world, we'll talk about the Pivots in a second, the Vidya's of the world, Tesla, Apple. And again, I'm actually looking forward to seeing what happens after Tesla and Apple splits. Obviously, the run-ups have been significant. So I'm very, very curious to have two things that I wanna watch this week. I didn't trade Tesla at all the last week. Didn't need to, okay? The violence and the aggressive nature on the Vidya's, the Facebooks, Roku, Zoom, even Beyond, Beyond was an awesome mover on, it was a Thursday, Wednesday, one of those days. There's been so much value, okay? So I kinda just stopped trading Tesla for a week, because again, who the hell wants to trade a stock, especially on the equity side? You got a $4 spread, no liquidity, ridiculous moves, you gotta trade like an, especially I trade equity. You gotta trade like an eighth size, you gotta give it ridiculous amounts of room just to see if you are structurally correct. So I kinda move past it, but I'm very, very eager to see a couple of things. I wanna see what the new average true range and Apple, especially Tesla are. I wanna see how much liquidity jumps back. And again, maybe the first three, four days won't be a good indication of what to expect. Because remember, before Apple split the first time, seven to one, it was the best trader, it really was. It was like Tesla. And when it split, it really took two years for Apple to kinda establish its kinda personality that you see now. So it was a really crappy trader for about two years after the split. So we definitely wanna pay attention to how Tesla and Apple, number one liquidity, obviously Apple is gonna have tons of liquidity, especially at a lower price. But I wanna pay attention to spread. I wanna pay attention to average true range. And I wanna see what happens from channel to channel. So I'll probably take tomorrow in kind of watching, maybe even Tuesday, maybe I'll start trading Tesla and Apple again by Wednesday, just because I wanna see some of the personality die out. And again, guys, for all your new traders, again, get your education done. You're not getting a $4 dividend. And stocks don't always go up after the split. Okay, let's come on, man. You guys are adults, read something. The internet's there to give you as much information as possible. This is the truly gift that every new trader gets. Educate yourself. What I read on Friday, and again, I understand a lot of you guys are new, but just because you're new, get proper education, man. Get proper understanding what you're talking about. It's like a baseball player coming up to the plate with a tennis racket. If you're gonna play the game, play it the right way. Play with the right equipment. Play with the right information. Again, there's a difference between, again, what a professional trader is and a person who buys and sells stocks. Just remember that and just get your ducks in a row. So going into this week, I am bullish, of course. I mean, look at the cues. You got a 3% run. Earnings continue to be good. Even retailers who believe that we talked about last week with the targets and the Walmart's. And you look at Dix, for example, Dix Sporting Goods, 200% rise, man. 200% rise, I think in revenues or earnings, something like that. But the point is people are still spending money and this is still giving validation to the economy, right? We got a presidential race starting and we'll start to get really, really aggressive campaigning and this, that, the other thing. And by the way, must see TV between, I'm not a big politics guy, but I can't imagine the entertainment level. Trump versus Biden debate. This will be better than anything and Netflix has 100%. So I'm actually, I'm actually looking forward to the entertainment level of what will apparently go on there. But the market continues to be hot. Again, until we lose this whole range here on the cues, you gotta, you know, give these stocks the benefit of the doubt. If you guys have been seeing all week, the dip 60 minute plays on weaker opens have been working incredibly well, especially with very, very strong beta names. Everything just keeps on getting bought on dips. The one thing we have to watch at the cues for this week, especially any close below this 288 level or 289 level on the cues is going to at least raise some eyebrows. We wanna definitely pay attention to that. If you look at the IWM, again, IWM is a lagger, but again, this is the good news for all you guys who trade not necessarily small caps with smaller price names or lower price names. You can see how close the IWM is really coming out, trying to come out of this channel. If it does, maybe it tests all time highs as well. The group that's continuously just, just being sold is the, is the biotechs, right? Just continuously the biotechs. And again, you'll have your headline here and there and Moderna, AstraZeneca, this one and that one. But as far as you see the group, you would never know that how strong the overall indexes have been. Again, something you have to watch and again, if there is obviously much more aggressive money flows, outflows, right? Out of the market. This is gonna be the group, okay? Cause again, like I say every single week, 90,000 biotech companies have come out with a COVID PR. Nobody cares anymore. We just want some sort of, some sort of final result and whoever gets that final result, whether it's AstraZeneca, Pfizer, Agilead, who knows, Johnson, who the hell knows, right? That's all we want. We don't wanna hear, you know, we don't wanna hear about the cries of the baby. We just wanna see the baby and that's kind of why the biotechs are definitely lagging. If you look at the Dow again, finally made back their losses from March, right? Isn't that amazing? They finally made back their losses from March now at all time highs. Cues are obviously going absolutely nuts. So again, you have to find the balance between stock market being very, very strong and finding value and that's the hard part, right? That really is the hard part now. Because you have so many names and at so many big runs, you have to look for names that are lagging or looking for names that are coming out of bottom channels. And again, if you saw what happened in the last few weeks, you saw some of the retail names popping up, even the cruise ships, right? Even the cruise ships trying to find the bottom coming out, the airlines trying to find the bottom, you know, coming out. And now you're starting to see names like the restaurant space, like PLAY, Damon Buster's, right? Beautiful chart, again. So you wouldn't like, these things wouldn't even make my radar in a normal market. But again, beggars can't be choosers. And you see, you know, when you see channels like this, and this is very, very obvious here, you can see a channel that gave you a two, three day run. We're kind of seeing a mirror image on Damon Buster's. If you look at chef, right? A lot of names of the restaurant space, catering space, they all kind of look the same. So there's definitely value here. It's very, very tough to find value in techno, in tech space right now. Most names are incredibly aggressive. You have to really, you know, look for names that are coming out of channels or rested or have been resting. Like a Domo, for example, big buyer came in on Friday, like a monster, like a monster, you know, looking very, very good. Even names like Chewie that broke out on Friday, right? Even names like Chewie. I mean, this is at least you're getting some sort of aggression from at least normalized levels. You know, when you look at the Tesla, you know, that had a run, you know, just from, you know, just from where? From the start of August from 1300. Not a lot of value there, right? At least not on the upside. So you have to do your diligence. You have to put in extra work on the weekends to find those maybe unorthodox plays that you wouldn't generally look at, but that's where your value is going to be. And again, remember, when they pull the market, again, whether it's tomorrow with three or some now, the ones that have had the biggest runs, the ones that are up way into the stratosphere, that are way above their, you know, 200-day moving averages, those are the ones that always get pulled first. So if you look at any random pulls in the middle of the week, even if these pulls are only an hour, the stocks they're getting to hit the most are the Teslas, the Amazons, and the videos of the world, the Apples are the most, because again, when you go through the stratosphere, again, remember, you know, it will come down. Okay, it's just the reality. Gravity is real. So be very, very careful, especially I get a lot of new traders to say, is it too late to buy Apple? Is it too, look where these stocks came from. Is it too late to buy Tesla? It's not too late to buy Tesla if you're doing it for a trade. If you're looking for, you know, if you think the stock is going to $3,000, $4,000 next week, well, maybe not next week, but you kind of get the point. Look how far they are above the 200-day moving at. The 200-day on Teslas, $800. Okay, and again, price reflected after the split, but you know, the split, but again, just again, if you swing stocks, swing them from the bottom, swing them from the middle tier, do not swing them from orbit to us. You have a very, very aggressive and unfortunately, harsh reality. So going into this week, I'm definitely bullish. I'm always, again, watching some of these names for potential pullbacks, because again, I already went through it, okay? I went through this stage 20 years ago, so I know exactly what's going to happen. So I want to be very, very prepared. If you look at Friday's session, again, incredibly aggressive, okay? I think it really does mirror the, you know, where we are right now in this tape. I think this is truly one of the more aggressive markets that I've probably ever seen. I think that's the best way of saying it. I think that the traders who have been really complaining about, you know, really complaining about what the market is doing, what the Fed is doing, all these, you know, all these different things, I think they're doing a tremendous disservice because again, complaining about something really doesn't pay the bills, okay? You know, it's all understandable that everybody has an opinion and everybody has a take of the market, what they think is going to be. But if you're still in that situation that you are trying to will the market into doing what you think the market's going to do, you're going to miss the boat and you have been missing the boat. So again, you can complain as much as you want, but the reality is the reality. So let's talk about Friday's session. Again, I came into it and I said, look, I'm in scout mode, right? I'm in scout mode. I think most of the names are tired in the middle of the ranges. There's always a chance of beta wakes up and I think that's the key scenario. There's always a chance beta wakes up and we're going to be ready for it. Second entries on everything, take on the way up, break even on the balance, have a great day. So again, slowly but surely and again, you know, Apple in the morning just gave you a perfect example of how stocks are tired, right? The stocks that are in orbit, they're very tired. Again, then stocks that just recently broke out or resting, those are the ones that are putting up the aggression. So sneaky channel 504 rejected three times in the 60 if it builds can spike. So here was Apple, here's a 60 minute channel. Here's a 60 minute channel right here. So here's the 504. Here, let me show you. Here's a 504 right here, 504, 504. And it went to almost 506. And again, before reverse course, that's why I keep on saying, keep taking on the way up. These things are so overbought. It's incredible. Beyond 134, 60 minute channel needs to build for a spike. BYND, so here's the 134, right? Here's the 134, 134. Only put up a 60 said move again. So it really did play out in the beginning that stocks are going to give you a pop. We just don't know if that pop is gonna be 60 cents or it was like Apple for $2 or $13. We'll get to that in a second. But again, this is kind of where the market is right now. So you have to be very, very careful. FSLY, excuse me. This was definitely the move of the day. Roku's trading and has been trading, like there's a deal on the table. It's been so damn aggressive. It just woke up so ridiculous on Friday. 163.50 needs to build. So here is Roku. This was definitely the trade of the day. So it broke, right? Here's the 63.50. Here's the sneaky channel, right? So we talk about sneaky pivots. Here's the 63.50. It takes out the 67 previous highs and just explodes to 177. Just an absolute monster move. I sold early and I was like, I wasn't expecting a $15 move, right? Got a couple of points out of this thing. And I'm like, all right, great. Next thing I know this thing goes up 10, all right. FSLY still like this thing. Had a great run this week, $100 and never got there. ZM, again, not a big move either. 302 needs to build. Again, only gave like a dollar and change move. So here's 302, you know, ran up about a dollar 50 or so in the kind of reverse course. Again, a lot of names are very, very tired. Lot of call buyers in the name, they report on Monday it's gonna be very, very interesting. Boeing 177 needs to build. Here's Boeing, right? So never, you know, here's the 177, this whole range here, 177 never got there. Peloton was a monster, absolute monster. And this is where we talk about a delayed reaction. They got upgraded the day before, really didn't do anything, they sold it off. Peloton 73 needs to build. Peloton absolutely exploded. The catalyst here was not the upgrade. There was chatter that I did a 10 minute ride a couple of days ago. And I got, the only reason I didn't go 11 minutes because I got hungry, facts of facts. So here was the 73 just absolutely exploded. Congratulations to all you guys who called. I went to 77 and change. Big move there. Starbucks exploded, 83, 83, 80, 84 needs to build, right? So here's Starbucks, right? We talked about Starbucks night before. So here's the 83, 80, 84 area. I went to like 85 and change, still like I think still goes higher. CRM never got to the 279. And I like this thing as a short. Well guys, watch this thing 18, never got to 18. Watch this thing 18 going to the new week. This thing starts building below 18. It's going to flush down. Workday, not a big move. It had a huge run up. Don't get me wrong. It had a huge run up. 246 only traded to like 248. Amazon, again, not a big move. Went from 24 and a quarter to like 2430s. And again, you know, $78 doesn't sound like a lot in this type of, this type of the way it's trading. It's not, but, and then it failed as well. Facebook never got to the 296. This one I lost 30 cents in. It was such a weird stock. So I get along that, I get along that. It goes up like 30 cents. And then it just kind of fades back the rest of the day. So it's very, very weird. So I lost 30 cents on that. Roku, just a monster. Chewie had a big run here. 59.50 needs to build. Here was Chewie, right? So here was Chewie. Here was the 59.50 and they traded to 61 and change. So that was good as well. Peloton, you know, here comes a September $200 coal buyers, excuse me, the September $200 coal buyers were Roku. I tweeted out the wrong thing. Here was definitely the move of the day. And when I say that, that's, it's amazing to say, considering what Peloton did and what Roku did. But this was the move of the day. NVIDIA 515, 516.50 big areas needs to build. Congratulations for what you guys have caught, NVIDIA. This was a monster, right? So it took out the 15, took out the 16 and a half and it ran up $11. It felt like it ran up $11 in about 15 minutes, just an absolute monster move. So you can see these stocks are just beasts. When they go, they really, really go. Chewie, Starbucks, NVIDIA. So what we thought, you know, huge, right? That's the best way of saying it, huge. So, you know, what we thought, what we thought was gonna be a quiet day, you know, turned out to be very, very aggressive. So kind of wrapping it up, guys. Again, get your mental health together. Be a better friend to yourself. I'm still bullish in this market. There's still opportunities, but we have to find the better value. Guys, have an awesome, awesome week. Go live your life, go relax, go smile. Again, we don't get it, you know, we don't get a do over. We only live once. Guys, God bless, I'll see you all tomorrow.