 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, happy Wednesday everybody. Welcome to another edition of the Access to Trader dot com nightly wrap up show. Hope everybody is doing well. So, crazy tape, right? Crazy tape. I came into today, if I could have told you I was 800% bias to the sell side. That's how much I was waiting for the confirmation to the downside. If you watched last night's video, I also know in the back of my mind, again, you can't preempt anything. You can't guess. You can't anticipate. You can't assume. You have to wait for confirmation. And what's amazing about this tape is, number one, how incredibly strong this is. But if I told you 24 hours ago that we were going to go from imminent, one candle away, right? One day away from confirming and causing significant technical damage to 24 hours later, not only not even retesting that level. But we reclaim the five day moving average, which is the shortest term supply you can find. Absolutely amazing. And the question is, the question of the day is, do you want to be right or do you want to be a trader? It's a very, very simple question. A lot of traders will turn around and really won't relate to what I'm saying. But in this business, you have to be very, very thick-skinned. You're not supposed to care about opinions. You're not supposed to care about 200 different people whispering in your ear. Your trust factor, your lifeline, everything you have is all about technical analysis. And waiting for it to play out. Again, the most important part of yesterday's video was, I had my opinion, which you should have every single day. You have your opinion. You have your game plan. You're waiting for confirmation. And if that confirmation, if your premise does not give you the green light, then again, you have to be smart enough. You have to be adult-like. You can't be a mule, a stubborn bull, or a stubble mule, right? To think that you're going to will your way into a market bias that you want. Again, that's why we do the research and then we wait. We wait like statues in the park for that green light. And the most important part of being a trader, especially from the intraday ranks, you're not tied in to one side of the market. You're basing your thesis on research, but you are conforming to price action, what you're seeing here. And that's exactly what we saw today. The initial game plan, we'll talk about the pivots in a second. The initial game plan was all sell-side, like literally. We literally had in the beginning only one pivot, excuse me, two pivots, two pivots to the upside. There was one on Apple and there was one on Roku. And my comments was, I want to make sure that I want to give the bears at least the first two candles. It was basically the first two candles of the day, the first two hours of the day to prove me wrong, to prove that we did hold support. We did hold this rising wedge that started at the bottom of March. We want to prove you wrong. And the most important part is, again, I wasn't sitting there trying to squeeze water out of a rock to the short side. We turned around, we found some value to the upside. Again, I was in scout mode today and I'll be completely honest. I was completely in scout mode today to the upside, Apple, Roku. Because again, I just didn't believe or didn't trust after what I saw yesterday that we were going to sustain any type of movement. So I wanted to be in cash flow and again, I've always said, let your worst trades be a profitable one. But the most amazing part about today's session was not only did we not even come close to testing yesterday's lows, how easily the market reclaimed levels that it took three days to kind of dissipate and it reclaimed it in one session. But I tell you, the most amazing part is definitely this Tesla. This was my number one idea for the day, by far. This was my number one idea of the day. If you guys watched last night's broadcast, this could have been, and again, when I say number one idea, when I was recording last night's video, I didn't know they announced the 501 stock split. I had no idea. All I saw the stock was rising and all I kept on saying is, oh my God, there's stocks. Because again, you see this whole area here? This was literally one day away from completely, when I'm talking about completely breaking down, this 1365 level held twice. So if no announcement would have came up and this thing would have confirmed the 16, there was 60, 70 points in the downside easily. Again, if you believe in the theory supply to supply and demand to demand, well, here's demand and here's the next demand. So this was definitely my number one idea of the day and it was burnt to a crisp as soon as they announced a five for one stock split. But again, what I liked about today's session, and again, it was a very modest session. I scalped some things and it was fine. There was nothing wrong with it. But again, what I'm proud of myself over is kind of the personal growth. 10, 15, 20 years ago, I would have been forcing to find that weakness and trying to fight for dimes and 20 cents and 30 and 40 cents because there's nothing that was giving it up to me. So the notion of Boeing that really got, you know, really smashed today. I would have been really trying to squeeze water out of a rock in much less than typical fashion, you know, B and C and D level setups. And it would have really frustrated me in 10, 15 years ago. I would have burnt a lot of mental equity. What I liked where I am today, and this is where I always tell traders time will always make you whole. There's no better experience than time today. Again, I just took what the market gave me. I didn't want to trade on the long side, but I did, right? I took the pivots. I took the second entries. I took the cash flow and I kind of moved on. I gave the, you know, my thesis every opportunity to succeed and I was wrong on my thesis. But again, the question is, are you, do you want to be a trader or do you want to be right? It's a very, very different conversation. And if you don't have thick skin and if you don't have the ability to kind of switch gears very, very quickly. Again, unfortunately you are going to be a statistic. So personal growth was kind of a big deal. It's not going to show up on the box score. Okay. There's certain little things that you do during the day, whether it's not taking the trade that you want because of liquidity, because of spread, because of volume, whatever the case may be. I've always said it's the money you save, not the money you make. That really gives you longevity. That really builds your account. And when you're ready for that A plus day. And again, that A plus day could come tomorrow. Again, now there's phenomenal setups to the long side, right? Yesterday there was, you know, it looked like the death spiral of all death spirals coming for today. And tomorrow is a completely different conversation. Like Tesla, for example, was a month. We only saw a downtick. We literally saw a downtick on Tesla, one downtick in five hours on this 1534 remount. I know a lot of you guys, I already logged off. I know a lot of you guys caught this thing in the webinar. You know, 1535 on rising support put up a $30 candle. It's a great job for all you guys who caught that as well. But the most important part is everything that looked like crap yesterday looks great for tomorrow. So for example, if you look at daily charts, I mean, look at Apple, right? Apple looks like, you know, it's ready to break this mini downtrend. If you look at Microsoft, right? Microsoft looks great. It hit perfectly. It hit supply today, the five to 10 day moving average. If it confirms tomorrow, it's going to go. Facebook, right? Consolidating really, really well. Look at the 60 minute, right? If it just takes out this channel here, we'll be good. So there's areas of interest here that I really liked alongside. But will I be shocked if I was one day early, right? And we sell off 500 points more? Nothing in this George Costanza market surprises me anymore. Nothing, okay? That is the most amazing part. That's why every single trading day, I'm never disappointed. Yes, I was disappointed that my number one idea went completely the other direction before I had a chance to trade it. But the moral of the story is, again, you can't take this business personally, okay? These are pieces of paper. You don't love them to the long side. You don't love them to the short side. They're rentals. All these things are. And again, a rental could be two weeks. A rental could be a month. A rental could be 20 seconds. The point is, again, these stocks don't love you. Don't love them back. Treat this as a business approach every single day with a clean head. Have your game plan. Have your opinion. Wait for everything to play out. And if the market doesn't play out like you wanted to, again, don't sit there and pout and try to revenge a sentiment that's not there. Shift gears. Look to the other side of the market. Again, the name of the game is stay in business. And that's exactly what we are trying to do every single day. And it doesn't, again, it doesn't make a difference if you're a trader for trading for 20 years or you're a trader for trading for 20 weeks. It's irrelevant. The only difference between a trader that's 20 years in or 20 weeks in is time and screen time. And that's it. And understanding what not to do on a daily basis. So going into tomorrow, obviously this 273 area on the Qs are going to be very, very important if we can confirm that 273 level. We're going to go higher. Obviously, through the downside, we already have this area set. It's this rising support, roughly this 264.50 level. So again, we're not, you know, we're not going to concentrate on this area tomorrow. But if we start losing below the five day, that's a completely different conversation for later tomorrow in the day. But again, bulls look very, very good. You know, I like what I saw today. Ridiculous. You told me about call buying. There was call buying today when Tesla was exploding. There was call buying today. We saw weekly 1600, weekly 1700, weekly 1800, weekly 2000s. Okay. Tomorrow is Thursday. They were buying the 1800 and 2000 calls. Like they were talking about a stock going from 10 to 11 dollars. Just absolute amazement. If Tesla opens up lower tomorrow, again, I've said this. I've kind of pointed out this trade over and over again for years. Anytime a stock puts in a cartoonish like move. Okay. And today we saw a cartoonish like move. Okay. If this stock opens up lower tomorrow. Okay. There's a couple of ways to play it either buying it on rising 60 minutes support, which all of us in the live webinar, we know where that live, where that support is. Red to green or obviously a break above today's highs. But I do believe, you know, Tesla will be green at least once tomorrow. And if the market gods are listening, please, please, please open it lower. I'll be a best friend. I'll be a best friend. I'll be a best friend. But other than that, please open the lower. So other than that, that's it. So if you look at, if you look at the pivots today, they're actually pretty decent pivots. Again, nothing to the point of, oh my God, look what happened for the exception of Apple and obviously Tesla. But you'll, you'll quickly recognize, you'll quickly recognize that again, the shift in sentiment going from sell buys to buy buys very, very quickly. So let's talk about it. So and I, again, I've always maintained, I think Tesla needs to be traded by experienced traders five, seven years in. If you're, you know, again, you love the glimmer. You love the, you know, you love all this, right? You love the shiny lights. You love the idea could run up 200 points. But, but I love the idea that you also could get murdered in a trade like this. If you're not experienced and you have no risk tolerance level. Again, everybody loves everything when everything goes in their directional buys their way. But as soon as something goes wrong, everybody feels up, you know, puts up in the fetal position if you are an experienced trader. So please take my advice and trade whatever you feel comfortable with, not what is rising to the dips of, you know, Granger in the marketplace. So obviously this is what really set the stock off. Tesla for experienced traders, 1471 gets rejected if it builds above can spike. So here is Tesla. And again, this is kind of where it all started off. Here is the 1471, right? 1471. And then it confirmed 1490. And they're just just absolutely when nuts went to all the way to 1585. So big move there on Tesla. Roku is one of the trades I caught to the upside. I was shocked, but that was shocked. But yeah, listen, 5250 needs to build. Here was Roku. Again, I was just trading cash flow. So here's the 5250, right? This whole channel here went right to supply again, you know, like a dollar move. Again, you're not looking when you have no trust in one side of the market, you're not looking for that big trade. Because again, you have no conviction based on technical analysis, you're going to get that big trade. And obviously look what happened. If you didn't know supply was there, right? Emotional buyers caught a technical seller. Raise your hand if you were the technical seller, right? Raise your hand if you're an emotional buyer. Again, that's the whole problem. If you don't know these supply zones are there, you're going to get rejected very, very hard, nine out of 10 times. So nice cash flow there. Obviously, again, I had a slew of pivots to the downside. Zia, Netflix, Boeing, shop. I mean, literally everything was to the downside in the morning. Too low, too low close to the lows of the day, but nothing really there. TTD never got there. Alibaba, what the hell did Alibaba do today? I don't think I even watched Alibaba. Nothing, definitely didn't confirm the 246. Q's obviously came nowhere close to 264. FSLY came nowhere close to 72. So that was kind of the play. So Roku take on the way up. Again, just conforming to what I'm seeing here. I like this setup here on ZM. Obviously, never got there. Apple, I caught a scalp on Apple, and it really exploded. Again, I didn't see it happening. Again, I was so set in my ways to kind of let the bears, excuse me, have the bears take control of the tape. It never happened. So all I did was take this for a scalp. But this thing really exploded. 445 and a quarter needs to build. And Apple went nuts. There was a 450 call buyer that stepped in, and it went nuts. It literally went nuts. Went to like 252. So it wasn't expecting that. It wasn't expecting at all. Facebook had a nice little pop here. 262.50 needs to build. And again, it traded right to supplies. So here's the 262.50, right? 262.50 traded right to supply of almost 264. And again, reverse course. Again, supply to supply, demand to demand. Nice move on Facebook. New highs on Amazon. Amazon gave a nice little trade. Amazon 3163 needs to build. Again, call buyers came in for the 3200 weekly calls. So here's the 6300 right here. It traded up to 74.75. I still like it tomorrow. I just still think it needs to clear out this whole macro channel on the 60-minute supply to really start going. But again, it won't show up in the box score today, but I'm very, very proud of myself. I'm also very, very proud of all the people in the live webinar to really understanding what we were up against today. You had a choice to either squeeze water out of a rock, revenge trade a market on a side that we knew we didn't have an advantage for just because of the aggressive nature in the morning. Or again, you had to look at the big picture. You always have to look at the long game. The short game works once. The short game works twice. The name of the game is longevity. Guys, have a great night. We should get some good value. If the market gods are listening, please, please, please open Tesla lower. And again, I'll see you guys all tomorrow. Take care, guys. 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.