 All right, good morning traders and welcome to the Bookmap Alive Trading Webinar today with Jay Trader, a stocks trader, and he'll be going over the best stocks trading patterns for 2023 is what he's looking for here. So this is looking into the future. So anyway, we'll get to Jay Trader in a bit. He'll come in in about 10 minutes or so. This gives us a really good chance to go over the markets in general and line it up for him to look at the bigger picture here. So Jay Trader looks at the markets and will take trades in this room here. They are in demo paper trading mode. So let me go through the risk disclosures. General disclosure, all bookmap limited materials, information and presentations are for educational purposes only and should not be considered specific investment advice nor recommendations. Live trading is in simulation, demo paper trading mode and strictly for educational purposes. Live trading executed in simulation cannot accurately represent realistic trading performance. Risk disclosure, trading futures, equities, and digital currencies involves substantial risk of loss and is not suitable for all investors. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one's financial security nor lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. Now, just a bit more about Jay Trader and what he does in this webinar. He looks at the way that he trades his stocks. He has a few different very high probability setups. He's done the back testing. He has the numbers on it. Then he looks at the order flow and bookmap to give him that trade optimization and really give insight to a much higher probability by understanding the order flow. So Jay Trader has been trading for quite a while. He has contact information here he'll put into the chat. He does offer mentorships and courses, etc. So with that said, let's move on and let's take a look at the S&P E-Mini. We'll start here and look at the bigger picture of the markets in general. And then this will offer a foundation for Jay Trader to, we'll understand the bigger picture here and where price might be going in the indexes and we can look at the other stocks. So you can see a kind of bullish move here to the upside here. Now there's this week is crazy. Let's roll over week and there'll be quadruple witching on Friday. So a lot of positioning. It's going to be its end of the month, end of the year, you're getting toward end of the month. So there's a lot going on in here. On top of that, we had CPI yesterday. We have FOMC today. We have retail sales on Friday, I believe. There's a lot of data being released here. Maybe that's Thursday and then Friday it's services PMI or something. No, flash services PMI. And then yeah, as well as the retail sales on Thursday, right, right. So there's a lot of stuff going on. So the market can change in a heartbeat here. And so let's, even before we get into the order flow and what we see right now at the cash open right here, bullish, bullish move to the upside. Let's go over the candlesticks and we'll apply the same ideas from the candlesticks by the lack of transparency of these candlesticks and look at the transparency that we do get in book map to understand some of these moves. So here we are on the 15 minute candles on the left hand side, the hour in the middle and then in the left we have the daily, right. So look at the daily here. Really interesting move here from CPI data just yesterday. Crazy move to the upside here. It was 100 points, S&P points. You don't see that, you know, within a minute or less than that very often. So look where it went though. This is where we can look at and understand, not technical analysis, order flow. Okay. We're going to, we're going to just call it order flow, even on this daily chart. Look where the sellers came in over at the top here. We get a retest, more sellers come in here, a retest again here, more sellers come in and drove that lower. Okay. Now we have a move here on the daily to the upside. Okay. Buyers come in, retest this area again. Buyers come in again. Look how it bounced off of the swing here and it went higher. It went up to retest where it found sellers here back on in September, mid-September. All right. It spiked just a little bit above that. And then a lot of sellers came back in and drove it all the way back down and you can see here on the hourly chart. All right. So now there's a gap from the overnight here on the hourly. Okay. It didn't fill it. In fact, we're seeing kind of a bounce here and this kind of move to the upside here. All right. Well, this is what it looks like on the 15 minute chart here. Okay. Here's that crazy gap on the move up here and then here's the move back down and this is the overnight here and then now the cash open right here, we're moving on the way up here. All right. So now where are we looking to go? It's the same ideas and concepts in here. We're seeing, you know, bulls come in right now at the moment. Okay. Where are the sellers? Well, somewhere around in here, I think we're going to find some sellers. So somewhere around this 80 level would be the first area. Second area would be around this 93 area up in here, right? Because that's where we see the sellers from yesterday, all right? So now the question is, do we find enough buyers to continue on up and to test into these areas? That's where we're going to get into book map and look at the order flow. So far so good, it looks like on this candlestick chart here on the 15 minute, okay? Let's look at book map. So far so good here as well, all right? So guys, this is a really just simple way kind of top down analysis of understanding order flow on multiple timeframes and then being able to look for continuation in these moves, all right? So anyway, this is the move to the upside here and it went above the swing here from the overnight, okay? Just after 7 a.m. and it kind of chopped around for a bit and then it continued on up, right? So let's take a look at the order flow in here. And I'm going to take the stops and icebergs on the chart here, I'm going to take it off. We don't have it here in the sub chart, but that's a little more advanced and we get into it in this webinar all the time, but we just want to kind of set the bigger structure foundation right now, okay? So I'll turn that off. We have VWAP here, which is the white line and we have the point of control, which is the yellow line here, right? And we're above it. We're above both. And they're both very close to each other, all right? So anyway, yeah, so we're still looking here for buyers to come in and try to trade up into, remember what we said, our 82 level, right? Now let's match this up with liquidity. I don't see liquidity at 82. I see it here at 80, all right? And in fact, we just had a recent high here and it retested here and we didn't find buyers up here, the green dots, okay? We have high liquidity up here and a lack of buyers here on a retest, okay? So what if we get, then we're going to go through the scenario. What if we get sellers here, 75, okay? We're still looking for the bigger move here, but if we get sellers here, I imagine they're going to take it down to maybe 73 or maybe into 71-ish area, okay? So that's what, that's a scenario we want to go through. Now, we didn't get that selling down here yet, okay? We still might. We just see a slew of buyers just came in and moved it back up here, but sellers came right back in again, all right? So right now, we don't have too much insight right now, okay? We're looking for one of these scenarios to play out here, all right? And nothing really kind of beckoning here for a call. And so we do nothing, right, until we have a bit more clarity and a bit more insight. Now, the bid looks pretty good here, okay? They're on the bid here and we're finding some buyers. So that's good. All right, so let's see if we get our green dots now up here. And if we do, we should get a move on up into 80, all right? Just because of this relationship here and this context here. So here come our green dots, looking for the move up into 80, all right? So this is something we talked about, well, we talked about every webinar basically. And we're understanding the supply and the demand in here and the context and relationship here. So if they're going to bid up down here, now this is one of the pieces that we usually, we look for and we don't always get. And we want the context to be the reaction to this liquidity here at these higher levels on the bid is to be buyers, green dots, okay, and so far so good, okay? So not out of the woods yet. They're down a little bit lower. See how it's dark in here? I'd like to see these guys pull it up a little bit closer here, okay? And then get these green dots and we should get the move up into 80, okay? Higher probability that we're going to get that move up into 80, okay? Just based on this context between the heat map and the aggressors, the buyers here, okay, versus the sellers, okay? Now we're going to take it a little bit further, not to complicate it though, but it's a range in here. Within that range, where are they bidding, where are they offering? They are bidding here, they are offering here, okay? And we can see that when they bid up in these areas here, we got buyers, okay? We got buyers here, we got buyers here, okay? A little bit of selling there, a little bit of selling here. So there's both sides, but it's mostly buyers. And we know as soon as they shoot into the order book here, typically what we're getting are more buyers. So we're looking for the move up into 80, all right? So now that's reading the order flow and that's putting it into the bigger picture as well. Our bigger picture, let's zoom out again and look at it here, okay? We're looking for a move up into these areas here. So 82 still looks pretty good, or our 92, 93 area up here, okay? So let's take a look here, and 82, well, they're not at 82, they're up here now, a little bit higher here, 83, okay? And what about our 93 level? Well, I don't see anything up there right now, all right? So anyway, so we're just looking at kind of a shorter term, trade here or idea for price to come a bit higher here into 80 and then maybe break through in 82. Now let's see if these guys pull this liquidity here. Ultimately, that'd be great. There are more on the bid, we're finding buyers up here, and they pull this liquidity here up at 80. This will allow those buyers to trade into and through 80 on up into 83, okay? So I mean, the buyers have this here. They've got it, if they want it. The reason being is look at the reaction to the liquidity in here, okay? Due to this liquidity, we're getting buyers, okay? Love to see these guys pull here, that'd be great. And that would be kind of a shift in the order book. Now, all of this said, it looks good, okay? It's panning out pretty well so far. But let's prepare for what if it doesn't, what does it look like? Okay, well, and this can happen in a heartbeat. The order flow can shift and change. Maybe these guys in 80 here lower it. We don't find buyers, we find sellers here at this bottom edge around 78. And these guys down here pull their liquidity from the market and are down maybe at lower levels, okay? Maybe down at 74 here, but maybe down even lower. And all of a sudden, we get tons of sellers in here, okay? Exhaustion up here on the buy side, sellers here. And then a shift in the order book here. And then we'll get a move back down into the bottom edge here, all right? So that's actually starting to play out. So looking for sellers to push it now, back down maybe to about 75, okay? Good morning, Bruce. Good morning, Joseph, how are you? Good, buddy, how are you doing? I'm all right, I'm all right. So let's give you the presentation here and let's you take it away. We're just going over the kind of general markets in the S&P and then we'll get into the stocks and best trading patterns for 2023. Exactly. Excellent. Let's get started. Let me know, Bruce, when you can see my monitor. Yep, we're all set to go. All right, so good morning traders, best trading patterns 2023. So this is what the market is playing right now. And I'm going to present it in this form. So these are three of the patterns that I trade on a daily basis. The first one is a bear trap. This morning we had this pattern on Tesla. You can see over here also reference on some stock that I played in December. I'm on PhVSSMNT. So the pattern consists on a major structure with involves over here a bear trap, so a breakdown of support. And at this point where you see over here the open, we can see some consolidation, some pops. But the main point is that we go to that match point, where is the bottom and then we start reversing the upside. This is created often in the first 15, 20 minutes out of the gate. Okay, so this level over here is where I want to get a first feeler and then on the confirmation I want to get in lock. The entry criteria over here is I like to have a starter personally, but then it's a setup where I can add full size. The bounce, this bounce can happen in a 50, 61.878% fib trace on a daily chart. The fib rate on as we said of a support, we over here see soaks from big hands at a match point and then a large green tape. Now, it's much more complex than this. You will see more things going on, especially if you analyze over here the order of the flow. But this is the main criteria. Now, getting into the actual example of today, I'm going to share with you this on Tesla and also on Bookmap. All right, so we can analyze both things together. This morning before starting, my plan was, and I'm going to share over here one second. So you know that this was planned in advance. I said over here, Tesla, this is the plan from 640 New York time, or I told 40 because I'm in Italy. Plan is looking for or an overhounder, so or a pop-in field short with 155 puts, or a reverse 50, 160 calls. Reverse 50 is exactly what I'm explaining over here. This pattern over here will trap long as a reverse 50. This is the daily chart that I was looking at. So we can see that this is previous day on Tesla. This was Tesla this morning. So I was looking for one or a break of this level, and then right away bounce back up or a pushing to this level, 163 or 162 and 50, and then a short. The pattern came and we're going to see the confirmation of this setup, using both the chart and both book map. So first of all, go check the previous day, put your trace your lines. So we're going to put our lines, just like if we're making the plan right now, again, this plan was already made before the open, two hours before the open. So this was the previous day low. You know that Tesla right now is having almost every single day bad news. We have a lot of problems in the company. And over here, we see also this pre-market low. So this level over here, 158 and 30, is an important level of pre-market support. So we'll mark this with a second color. So we have two main levels that I'm watching over here on my chart. One is 156 and 80s, 156 and 90s. The second one, we can see this 158 and 30, okay? So 158 and 30 will mark it with another color, because this is the pre-market low. What else we said before, we're looking for this 163. So we have to put also that 163. Remember, this was in the plan. And this is the previous day resistance. And that's the, it's not the previous day high, but the previous day resistance. We have also two main things over here to say the previous day resistance is formed by multiple point of intersection. So what means intersection? It's a level where we have multiple points, multiple points touched. One, two, three, four. So this morning, I was expecting or a push to this level or a dip into this level or a pre-market low and then bounce. This is exactly the pattern. So we're gonna put this, remember our pattern is this one. So the first one over here, this is the pattern. Remember, we wanna see a breakdown of this support. Could be a trend line or not trend line, but you wanna see a small curl, right? And often if you watch these videos, you will see that me and Bruce talk about the V pattern, okay? So this ideally happens in the first 20 minutes out of the gate. So the first minutes over here out of the gate, this is 930. We start seeing over here a sideways action. So really nothing to trade at this point. And then we have to look for our level of here. We're looking for this 188th and 30. We have over here the breakdown of 158th and 30. You can see that we have this V pattern and then we start having this main push. So this is the first bear trap that we have in the gate. You can see, Frater's what happens. So this is the level, okay? 158th and 30. We have this breakdown. You can see that we go to break this level. Right away we bounce back up. We start having our V pattern over here. And this is our major break out of the 158 and 60. So bear trap and long pattern here. This pattern over here is the match point which is exactly over here. This is the breakdown. This is the first breakdown over here. And then you need that curl. That is the curl. You can see over here that we go to form this curl over here. Now it's not a setup that today goes all the way up but in other instances the last weeks this happened often. But over here we have a low risk, perfect pattern and then push over here for around one buck, one buck and a half, okay? So let's review over here also the chart. Then we'll also look other patterns especially bear trap patterns even in small cap land. So over here you see we open. We start having a first fade breakdown. We rejected breakdown. And then we form this match point. So this 157 and 30, 157 and 30 over here we can see that we start bouncing. This is the 90 may. So this for me is an important tool that I use like a guide, simply this 90 may. And then we can see this curl over here, right? This curl pattern and then it starts to push back up that curve pattern exactly on book map this long over here. And then you have their push. Same thing happened a couple of days ago last week. So it's a pattern that we're recruiting more and more often. And why this? Because essentially we're having in big caps often trading ranges, right? So we have a consolidation certain days then a breakout and then a consolidation then a breakdown and consolidation. It's not a fluent trend. We have a two, three days up, two, three days down. That's the reason why it's a very difficult market if you wanna swing right now. The best way to trade this is interday. So grabbing your 15, 30 minutes, one hour move and then get out. The range is pretty wide over here. We had like four points this morning on Tesla. You will see days this goes down even 15 points, right? But what I wanted to show you this morning was exactly the pattern over here. So you have the breakdown. Everybody over here is thinking we're gonna go down. So shorts are getting in on the break of the support. Then we were a test over here this 90 May, okay? So shorter jumping in again. And then over here we see this bear trap. All this pattern over here is a V pattern that I like reclaim the 90 May and then back push up. So be careful to trade major breakdowns, major breakouts because this is what the market is doing right now, all right? Bruce, have you traded this setup lately? All the time. I mean, it really is like, I love it, Joseph. I mean, the way that you drew it up and how it's to understand at that bottom, does it accept down there? Or do we find buyers that bring it back up and then really press on the accelerator? When they do, typically it's gonna be, you're gonna get a huge stop run and also you get more people jumping on board. And this is perfect. Look at that move into that high liquidity right down there. So you're soaking or absorbing and then you see those buyers come in. Your curl is a very nice way of explaining it. Exactly. But Bruce, you can say it's not a setup that you will only see in a big cap plan. So this morning, we had the same example of a bear trap. But we had a bear trap, which was not at the low. We had this stock and some traders of the room over here traded pretty good. So the pattern that we're talking about is another bear trap. This is the pattern over here, right? And you see, we had a fake breakdown of this point and then right away it long into that 220 and selling to this 250. We have to know of course, the reason why to long something like IMX and I'm gonna share the same pattern. But again, it's not that bear pattern at lows is more a bear pattern in through day. Over here, we have IMX, which is a small float. This stock has in the last five times at a gap above 20% with at least two million volume, a close red on the day, five times. Today we have SSR, high volume, so we know that it can extend. The main point for me this morning was to keep everybody safe. Not telling too short here, here, here. You can see that we had J-Lines over here basically being the guide all morning, right? Look over here, here is the perfection. I mean, you don't wanna really suffer from trauma, getting like front side short by these dips, by these dips. The dip that I'm talking about, so that example that we've seen over here from team members is exactly this. So follow me one second because if you understand, this is really what small caps are doing. A lot of traders tell me, oh, small caps are so manipulated. Well, better. More volatility, more liquidity, more possibility that if you learn this better, you're gonna make money. So 2017, 18, and 19, I started tracking these patterns in small cap land. And one of the pattern that I saw is this open Bear Trap J-Line Curl Up Long, right? So it's what I call also from my playbook, type manipulation one. And this I made this pattern, I found this pattern in 2018, 2019. The main point of this is to have a favorite breakdown that will trap over here. First of all, longs will stop out. Why? Because over here we have the Vweb. So below the Vweb, they will stop out. Shorts will join because typical shorts think that we fill the Vweb, this is gonna be a straight unwind stock. It's not like that. In this case, what it makes really difference is one knowing the pattern. So knowing exactly what you're looking at, what is possible is gonna happen. The second thing is this is the breakdown and then start reading over the flow over here. At this point, we have an absorption. You see over here, double bottom 190, the price is not going down. Means that there is a refilling over here on the bid. So more buyers are stepping in and not allowing over here the sellers to bring this all the way down. This is a clear type of agenda that big hands have. So they're first gonna favor over here the breakdown. So they will really like push the breakdown, right? They will make this level support really crack. And over here what we'll have, we have like sellers. So who was long is gonna sell over here? Short shell is jumping in, special in this pop. So we have more volume being trapped now below this $2. And once over here, they release the pedal over here. So they're really like stopping over here to show their sales, what they're gonna do. No more supply, then you can see over here the shift between the sellers and the longs. So this is one of the favorite bear traps that we have in the market. Okay, make sense Bruce? Yeah, absolutely. I really like the word shift to shift it away from that area. Exactly, and you can see Bruce, especially from here from where we start having then the liquidity that is like just like pushing this up is like a stair step up pattern. And this zone over here traders. So this main area it's really often cause on the break of high liquidity levels in high crowded stocks. So where there's a high volatility, high liquidity and volatility implied so that over here we can trap a huge amount of shorts. We can trap also, you know, longs getting stopped out and it's exactly happening at this point over here. Now, if you analyze two things, I always say, when I started looking at small caps was 2017 and I started using book map to analyze the structures. I got very, I would say shopped how those J lines work with the liquidity levels. Often you will see that they are placed the same times. So it's very distinctive to use these two things together. And you can see over here then the liquidity how it takes over over here. So the demands over here takes over and we start like pushing all the way up. Now, the setup that we trade in the room, unfortunately I missed this, I was told to absorb this morning on Tesla and yes at the gate. The setup that we had happened is exactly the same bear trap we saw before but with a little bit difference. So before we had a stock in big cap land Tesla that was simply unwinding at the gate then push and then had the fake breakdown and then trapped. Over here we have a stockings that is extending because over here we had a dip at the opening to the 190 they start bouncing over here to a level of 230. The pre-market resistance is around 250. And over here I was looking for or a stuff short. This is a nice really short over here but then at this point once I saw this I said let's grab long over here. So this is the level where we grabbed long and essentially if you compare this to the same setup on Tesla you will see the same pattern. What happens over here in Bookman? So we have a structure sideways structure. So we have the price that is basically pushing into resistance, bouncing support, pushing resistance, bouncing support. Okay, this could continue like perpetually over here really like infinite not moving being sideways all day long until you'll see that same amount of supply per same amount of demand. The point is another one. Everything will change if you create a trap. On this trap over here at this low 216 we create the majority of the volume trap in this case. What I mean over here we have huge amount of sellers. We have short sellers jumping in but at the same time we have big hands trapping again and right away instantly on this fake washout jumping in long or increasing their position because I believe their position was made from these lows over here. So this is a second type of bear trap gel and curl up long manipulation one, second one over here and then we ripped. We ripped exactly to that previous high 250 area and you can see over here the amount of volume, right? So now 2020, this is very easy to understand, like say AJ, I commented this for about 45 minutes, 45 minutes explaining all this live and over here, the traders saying this because what I learned during the years is pattern recognition, understanding the flow and putting that live. So inside everybody, it's good to predict this because you already see it. But once you do it live and you know that pattern and you know that parameters of that stock and you know that order of flow, how they react with these type of stock like this SSR high volume low float and so on. Then you have a reason to understand this before happens because you will see in this like 100, 200, 1,000 times. And this is what I track. So part of all the setups that I put over here, these are only three of the setup that I teach that I trade are based on understanding and looking at the market over and over and identifying those patterns, all right? So these are two of my favorite pattern that I trade right now. Now, this is something that you need to learn if you wanna trade stocks in this market right now. One easy thing, one easy setup, buy me the long here into the J-Lens. Buy me the long here into the J-Lens. I mean, this is really like stupid easy. And I can tell you this happens almost every single day in this high volume low floaters, okay? So this is it. Now we're gonna continue to look for IMAX liquid meat. That's golden to know. I mean, you just laid it out and very, very simply and this will give you an edge. Exactly, exactly, exactly. So I'm done already for the day, made my morning on IMAX, but what I will continue to look over here is for possible manipulation. Now we call manipulation, but this is essentially the normal behave of small caps that have an agenda and they are simply manipulated by big hands. The main point of a big hand, and where we say this could be a bounce of big traders, could be a firm, could be market makers, could be the company itself, but a point is these big hands, we don't care to know who they are. We care to know how they act, how they work. And the main point is that they will try to sell their shares that are collected at low levels and they will simply look to trap in a fake breakout main retail traders because retail traders will try to buy breakouts and on that created liquidity, they will have enough support volume to dump their shares. I mean, just think about if you have somebody over here with one million shares, all right? Now the float is very small, but let's say somebody over here has one million shares. We have the breakdown and he starts selling over here. All right? I mean, why not being smarter, try to create over here patterns of bear trap, trying to push this higher, create enough support on the breakouts where they can simply start looking for dumping at higher prices. So when over here, shorts are covering, when over here we have breakout traders, the volume is getting higher. Okay, now is their time over here to sell partials. Then of course we can look at the illusion, ATM shelf, whatever, but that's the main structure over here. All right, guys. Okay, now over here, my main point is I'm not gonna touch this unless there's 250 bull trap area. So I wanna see something like this and then unwind. So I'll be looking to jump in short and only this point over here will trade nothing else. So only this point over here. There will be a lot of patience, sometimes we'll have those levels, sometimes no, but that's what I'm looking right now. VISA versa, not looking anymore too long this, at least not in the next 30, 40 minutes. In order to long something like this, I will need a long consolidation, break down and then starting to get involved over here. We already have one, two, one, two, three, four dips. It's already too much for me to try to long again. But that's a pretty good liquidity this morning on MMX. So again, two type of manipulation. The first one is an easy bear trap long set up trade. This is, and the bear trap, we also had midday, so mid morning, this another type of bull trap that you can see the reference over here where happened. So basically we had even two days ago on ATGM when we had the fake layer out over here. So this is my pop and field gap and extension setup where you assist over here at the open at the push above that pre-market high, essentially what we're looking right now on MMX. And then over here, big hands or bag holders, they're dumping over here hard so that the breakout collects a lot of volume from the breakout traders and they can dump on this volume. So they use that liquidity created to dump their shares at higher prices. And then we have a normal distribution pattern. We can see this on many of the over extended plays that we had the past days, SMMT, PHVS, also MM and others. Over here, we had top Spaggy, CILARO in the past. The same distribution happens also in futures or in big caps, right? We can see this on Tesla, Apple, NVIDIA and so on. So let's go back over here with our friend IMX. Trading requires a lot of patience. So it's not getting a fill every single second but waiting instead for the exact moment to attack if you wanna trade this. Joseph, can we take a look at your diagram again? Of course, gonna post this over here. Yeah, so the one on the right, the distribution short trade. What do you look for in there that, I know you're watching the daily levels there and then the failure and that's really important to understand but the momentum on that trade is to the upside and you are shorting it. How do you, what exactly, or maybe you can talk more about what exactly you're looking for it to fail and maybe in the order flow as well because a lot of times traders take those and get really run over. Yeah, the point is this has to be the peak otherwise a lot of times you'll have the pullback dip and then push again. So we have more type of manipulation that don't involve only distribution. What we can do right here is trying to show always the top and looking for the dip. So generally speaking, this is an example that as I said before, not only happened in small caps but also in big caps. At this point over here, I wrote watch for daily level of supply. So this daily level could be a main pivot, could be a weekly or monthly or daily resistance, could be essentially a point of control of a volume profile. So it's a structure that really involves a main level of supply that creates a risk. That's the reason. Otherwise we will simply jump in every single top with nonsense. No, we have to find the level. For example, we've seen right now 250 on that IMMX to faithfully daily resistant and it could be other parameters, let's say like a fib, like a pivot. Okay, I will take that to 15 to consideration. What I wrote over here, and this is the reason why a lot of traders lose by doing this, is short in front side. They start short in front side like Tesla when it runs like 15 points. They're starting getting front side short when they're, for example, they're trying to short PHVS on the day one or SMMT on day one. So without a criteria, you cannot short this kind of pattern. It really hurts a lot. So identify it, study it, find your confirmation and read order of flow. Essentially what I see here is that often they will create levels of liquidity and you will see a lot of levels of liquidity on Bookmap. So you will say, oh, let's short, let's short, let's short. By the time you know it, you're gonna be underwater. Levels of liquidity means that even somebody if long over here can position himself over here on the ask side, right? So he can sell his parcel while this is going up. So we don't have to take into consideration that's the level where everybody will be shorting it. But you wanna take some profit if maybe you're long. That's the first thing. What we need to see is key is to find low entry point. Now, by back testing this, I've seen that a lot of these retracement, so this level in particular over here, often corresponds to a 61.8 or 78.6% favoritism in level. That's not sufficient to make me enter in the position. I wanna see, for example, a confirmation of Bookmap. So I wanna see stuff at this point. So I wanna see really like a fake breakout of a level that I have on Bookmap, seeing liquidity trapped. And then over here, I wanna see right away after the trap, my magenta dot, so sellers getting on the tape and no more buyers. If you look at the normal, I would say, level two in times and sales, by the time you will see red on the tape, a fluent red, you already be down here, and that will be too late. Instead, you have to spot the pattern, looking for this level here, spotting that pattern using also Bookmap and then finding your confirmation with order of flow. The trading right now, it requires, as I said before, a lot of preparation, a lot of knowledge, and a lot of timing. So by shorting over here mid-range, or by shorting this point where I indicate over here, it really changes a lot. First of all, your risk, because my risk will be at this point over here and then this point over here. If I short over here, then we have to put this risk or this risk. If we put this, we can be often faked out. If we risk over here, we have a huge risk. So we don't want that our stock runs too much against us. All right? So main point over here is finding the level. Second, have a second confirmation, pivot, fib, intraday level. Third, look at the order of flow for the timing. And the timing is essential. That's the reason why go watch even the previous webinars we made on the book map, especially the one we speak about setups and timing your entries. All right, let's look over here, back on IMMX. So this is a good level of liquidity creator over here, 220. So you can see how I'm gonna mark this as 0.1. So down here. So the wash of the gate is at this 0.1. Then we have a second level over here of liquidity built into the VWAP. So exactly before the squeeze over here. And then we have third one at this point over here. Sorry, third. And then we have a fourth one. Again, fake breakdown of the VWAP right away bounce from the zealots. And then we have a fifth over here. So again, VWAP. So this is how it's moving over here. And we can see traders is a simple wedge. All right, a simple wedge. Now, often these wedge react in two ways. One, fake breakdown and push back up. This will be a squeeze. Second one, we're gonna push stuff and fail all the way down. I wanna point out traders one thing. So the stats of the stock, first of all, and we can put over here, let's see, P stats of 5MX. So we have a stock with 6 million float, 2% institutional ownership, all right? So 6 million float. Let's see over here, few aspects of looking at stats. Now, previously I made over here a back testing, automatic back testing. So with all the data and I found out that stocks below 2 million float, all right? With at least volume above 2 million, 20% gap, 82%, 80%, sorry, 2020 to close right on the day. So below the open. Now you can run this and put, for example now, a 6 million float and see what happens. We can do this together. So we're gonna go at filters over here and I'm doing this meanwhile, we're waiting for the pattern. So we have over here, you can see volume of 2 million, gap above 20%. You can add over here float. So it's a very easy back test over here, very, very easy. So we're gonna put this less than equal of 6 million just to see, all right? Not in the last 30 days, but to see over here from the starting of the year. So we can put, say 2021, let's say from the last day of the year till now, let's see what's the system and tell us, all right? So Bruce is a clear way to understand how to use that. So really, this is very, very basic. What we have over here is that 71% of the time, okay? So we only took few parameters. There's a way that you can have this up to 90%. Of course, some parameters that, you know, I prefer to the traders who I mentor to explain, but 90% you will have faders in a certain parameter. So over here, what we have is that 71%, all right? All right? We'll close below the open with an average extension of 21%. Now this is a good one. Again, you can filter this with more, you can select more parameters and you will have this around 90%, 91%, at least in the last back testing that I made. Now this tells me that I'm more inclined to look for these small volume, small floats, okay? So low floaters, high volume stocks for a fail rather than for a push. Over here, we can go back in hard. So, Joseph, like I mentioned to you, I'm sorry, we need to, we'll need to kind of shut down or stop the webinar in about five minutes or so. We can continue with a part two, if you like, maybe next week. It's really interesting what you're doing here. And there's a big shift and the title of the webinar here, Best Stock Patterns for 2023. Instead of looking for these continuation and momentum trades, you're now looking for traps and fades. Exactly. I think we can go with part two, even next week, if you agree with that. So we can complete a list of few patterns that are really trending in this moment, both in small caps and big caps. Yeah, I mean, it's really fascinating that there's a big shift in the market that's been on a bull run for all these years and now you're shifting and focusing on other things that are higher probability here. Exactly, exactly. It changed the structure, it changed the scenario that we're working. So it's in here, it changed constantly. And in this case, we have to look really for these fake outs, fake breakouts, fake breakouts and fast reversals. So that is really how you gain your ads right now. Yeah, really, really great stuff, Joseph. Worthy of a lot more time. Yeah, don't worry, Bruce. All right, so traders, 11 o'clock today, we're gonna finish a little bit early and thank you, Bruce, for holding these webinars with Bookmap. We're gonna see next week, study, if you need help, reach out and good luck to you, safe trading. Thank you, Joseph. I'm sorry for everybody to stop it like this, but it might be easier to digest in two separate webinars as a part one and a part two. Of course, take care, Bruce. Okay, everybody. Okay, all right, thank you, Joseph.