 All right, good morning traders, Jay Trader over here. So today the 6th of September, we had a good morning and I will share more than the wins, the losses. This is the, I would say, a good day because the setups played very good. But I want to share with you an example today using Bookmap on a setup in Stockland where the setup didn't work and I want to share how we met as a position. So we were actually right on that position, but because we know how to react, how to master that position, we simply change loss of the day into a big win for the day. So what I like to do is to help you succeed in trading and only by sharing the examples that we trade, some of the setups. Of course, I invite you to join our community because we've awarded you all the tools necessary to become a trader and I would say, a successful trader. This requires a lot of work, commitment, dedication, and also time. If you think that in one, two months or three months you will become a profitable trader, you're wrong. Trading requires a lot of time. When I started my life, I started two times to trade. One, when I was 19 essentially and I was trading purely Italian market, so Italian stocks, made a set in the bank in general and cover war. It's the same as options today. The first thing that I remember is that the market gave me a big hit at 1500 euro. And I say now I made seven figures during the years, yes, and went beyond that, but when I started that money I lost in one month. What I didn't like about myself at the time that I was too early, I was trying to trade the market when I was still not ready. So I invite you really to study, to dedicate yourself more to planning more than trading. And when I started the second time trading, so about six, seven years ago, also thanks to my mentor smashed the bid at helping me a lot, coming back from, I would say, from two to three years where I was doing essentially only a little swing and investing, what I remember is that I became more mature. So before I was doing a trading that was more like scalping, like even 30, 40 trades execution a day, but a large amount of, I would say, capital invested. In the second part of my life is that I started to trading less and pinpoint more of my entries. So I teach how to scalp, how to day trade, but right now I pass from doing 40, 50 execution a day to pass two or three execution a day. So more patience, of course more discipline, and I think that discipline doesn't really depend by the years. So now I'm 42, I started when I was around 19, but depends more, I would say from the experience, from the hits that I had in the market, from the losses, from the wins, from talking to the traders, from studying, reviewing, tracking, backtesting and so on. So I know what works, what's not. This weekend I shared a tweet where essentially we went over how I used statistics in my trading to know which setups are working the most. I cannot trade this market, and today we're going to see some examples. I cannot trade this market if I don't know what's playing. You can tell me, AJ, I want to trade this setup, but if that setup is not suitable for that market, you're not going to make money because everything in the end is about statistics. How many times if you trade the same setup over and over and over, will play? And how many times, not only will play, but how much will be your profit factor? So your risk overall ratio. If I have, let's say, 90% win rate, that's, I will say, you're becoming a billionaire, right? 90% win rate. Every single time you trade 9 out of 10, you're going to make money. But if I tell you that when you lose, you lose 8 times, I mean 8 times what you win. So your profit factor is going to be really devastating. Like your risk overall ratio is going to be 8 to 1, or 9 to 1, or 10 to 1. So the numbers don't match, right? So it's better to have maybe a 50% win rate, but 3, 4, 5 hour return. So a risk overall ratio like 1 to 5, okay? Risk reward, risk 1, 5 reward. So that's a much better way to trade. So first of all, good morning everybody. I'm Jay, mentoring trader at Bookmap and in small cap room. I see over here that this morning we had a stock, Tesla, we often trade Tesla. And I'm going to review this morning two things about it. First I want to share you how we turn a loss into a win, okay? Let me share with you over here. Good morning all, good morning. So remember, press the like button, share this link with your friends as well, and thank for helping us also grow the community. So over here we have a trade this morning that we took on Tesla. You can see that this is just open a few minutes into the open and over here one of our team members. So together the team over here we get the long, okay? There was a small over here bar and this you can see is a small doji. So it was not really a morning star over here because you see the hammer and this small inside bar over here, but this could have been potentially a long pattern. And this was just in the few minutes out of the gate. I'm going to share over here traders the Bookmap as well because it's very easy always to share the wins, you're making money. This is 932, 933. So the good place and everything that, you know, it's just simply going smooth, you know? But trading is not like that. Trading is a lot about managing errors, managing stop loss. So this is what I want to give you today. So this is the open, okay? We had the open over here, price dip came up, failed. This is 931 and you can see that we break the seed map over here, 254. It fails below and gives a V pattern. Now, this is not a the V pattern usually we trade in the first few minutes. Maybe this was, but we are below the jailing. And over here, 932, we start pushing. Okay, you can see exactly here. Now you can see over here traders one thing. We had the open, so the trade over here started too long on this. You can see here, right? And right away, the slam down, you can see it, right? It went from red to green and then green down to red. This is the open level. This area here, this is the open level. So there's 255. We fail over here. And the trader, I would say us, we are losing. So we are on a red day. And one of the things that I've been working with so many traders lately is that breathe when you are red on a day, okay? Breathe a little bit. So you don't actually need to trade right away that position, again, being, re-entering and being stubborn or over-trading, okay? But trading is more about accepting losses. Trading is more about planning, waiting. 90% of the time you have to be out of the market. So with a cash position and only when you see that position, that setup that belongs to you, that strategy that you have, put thousands of hours on, then you can take the trade. Now, technically talking, 255, as we did, is a good long play because a whole round-dollar number is a key level support, 254, 255. But when the markets, you can see here, right? When the market simply shows the green and then right away, shifts below over here, okay? I'm pointing over here. Shifts below. There's not anymore a long to hold. And what we did, we changed the position. So reverse the position from long to short. I would say that, yeah, probably, what do you think, Rambir? Going from long to short is one of the hardest things or like reversing your position. Absolutely. I believe it. There's no doubt about this. So the fact is, it's very hard to do it. And I believe that it takes a little bit of practice because right now you're just thinking, okay, I have my position, everything is going to work. Book map over here is showing me green, okay? I'm taking a big size position, right? With my stop and everything. But then the market reverses. So you're thinking that you are in control but the market is in control. As a trader, you can only follow the market and trade accordingly, right? So you do that and then right away market like hits you. And now you have two positions. Sorry, two possibilities. One, take a hit. So take your stop loss, two, add to your position. If you add your position, there's only two other possible scenarios. You lose money and a ton of money because now you're resized or you're lucky and then becomes a green trade. So think about it, if you add to a losing position you have or the luck that it will go towards your direction or that you end up being the other size with a bigger loss more than you prevented, okay? More than I would say you forecast that you planned. So my point is why adding to that losing position? Take that cut, take that cut. So you take that cut and now let's say you're losing $1,000 in this trade, okay? Now you can actually being that you cut take two other scenarios. One, you have an entry. So you're simply not following your emotion that maybe you're scared and you don't want to trade anymore because you already lost $1,000. Second, you are instead in control and you're simply waiting for that correct setup to trade again and you're simply, I would say, with no emotions. Two ways. So what I believe is that if you follow a strategy in a systematic way and you really, I would say, belong to it, so I'm to the only that strategy only that play, okay? And nothing else, not emotions, never been trading, not stubbornness. I don't have fear of everything in the market because that is my setup and I know that on long term because I back test as we said before, it's gonna play. Then you can take the trade. So if you see here on this trade, this is the first two minutes, once over here we take the stop loss. We gather again, we remain firm and I said to the trader over here, I actually told him, you are fearless, you know? There's this on Amazon, I know there's, or in Paramount, there's this series called Fearless. I believe it's Fearless or something like that. It's a movie, I think. Came in the last two years or so. But the point over here is this. What I wrote to him, you didn't get fearful of stopping. So what I like is not about the trade and work and he made covers over here. I mean, we took a good play, right? Four points over here of unwind. But, or more. It's not about that. It's not about, you know, understanding good over here, book my price action. It's also that. But the most important thing is that the trader managed his emotions, controlled himself, then he going to a loop and then, yes, understood what to do. That's the most important thing. So you're thinking over here that you're gonna make money. You're gonna be profitable long-term, just simply being right every single time, no, you're wrong. It's better being over here like this trader, like we did. Being successful by using a strategy, by being composed in this case, by respecting rules, understand that you have to cut, understand that you will take losses, understand that you'll be wrong and then taking the trade. I don't wanna only to explain over here the setups, short, long, reversal, good play from the trader. This is so, this absorption stuff, spoofing all this stuff. I mean, we did this over and over and over. We're gonna review a few things about this stuff today, but the most important thing is this mental attitude, this mindset that the trader had. I invite you also to read. And because I think it came very, very good. Over here, traders I made, I wrote an article about, and I'm gonna have water over here. I wrote an article about mindset, okay? So go to read it. I think it's gonna be very useful for a lot of you because I go over many of the errors that we do and I give a solution how to improve from here. It's not only, these are errors that everybody does. Who cares about it, you know? But I give a solution what to do. And, you know, let me know. You can write down in the comments below, Jay give me more and I will send you a little bit more tips on how to improve your discipline your emotions, your ego. So just write down below more about this, okay? More about this. And I will say and give you a few more tips or maybe make a video about it. All right, so what we have to understand about this is mostly using over here book map. So I will do like this. We can put the play over here, very, very small. We don't need this too much, okay? So that's the play over here. Now look over here what we had this morning and how to understand if we have to counter trend so if we have a bounce play or we have a reversal or we have trend following, okay? We're gonna put over here a line. Let's put our line, there we go. So this is an open level, okay? I wanna make these lines a little bit bigger. Let's see, edit over here, edit. Let's make color green. Okay, I love this green color, okay. Save, apply and save, okay. So we have over here the open level. This is the fail, 931, we take the long, doesn't work and then over here we stop out with a very short. Now stop is over here above the open level so into this area. And now this open level over here, you can see that 255. So we have a whole round number and we have the level as red to green, so open level catalyst. When I say catalyst means like an important signal, an important level. What happens here is that it's like my guide, okay? It's like my guide from below is short and wide, above is long and a push. Until we have this reclaim of the open level over here, we can have some thoughts maybe like some spikes just above and then below, but all of this is a nice level over here. We're looking for short opportunities. And when you look at the chart, just put a lot of time to understand also book map and the price action. If I look over here, I can see this. Isn't this a wedge, right? Look over here, we have a breakdown. We have a wedge. So we have a high, a low, lower high, high, low, lower high, low, and then we break and then we start rejecting over here the wedge. So just look over here. Just look at this point, okay? Look at that price action. And then once we fail, we start rejecting the level of here 254 and then more unwind all the way down over here, getting to the 252, 251. And then eventually over here, look that massive sell-off that takes place over here. Okay, so looking at our chart, let's zoom out a little bit. Okay, this is the wine of today. Okay, so we see an open over here, a sell-off, wedge pattern, break down, pull back over here. You can see we had a small curl and then once we start failing this level of 252, you can see fail 252. Look at all these dots over here. Everything is red. The sell-off starts over here. Really the use sell-off over here. Now, why I was saying 252 this morning? I wrote a tweet about this 252. 252 is a main key hourly or daily level of demand. If we fail the 252, we have 215 then 245. We fail over here, 250, hit, right away, look. In about two minutes, we failed over here two points. And I'm gonna put over here another line, want to put a little bit better, but it's okay. This is gonna be 250 points, something. So that level over here becomes another important level of resistance because it's another whole round-dollar number. We fail, we bounce back up, fail again, bounce back up, so we form a double top into a supply area, 250 resistance, and then we start failing more. This time, to that 245. So, remember all of this, okay? I'm gonna also share something about Tesla. Can share over here my chart. Okay. By the way, we are short still on Roku from 94s. And now we are 89, so you can see here, right? This is the chart. This is how we failed, reject the VWAP, fail, reject this level, fail, reject this level, and got to this 245. Now, what I like to do is look in at the higher timeframe, okay, and look over here at my levels. This is the level 260, so it's a major supply area, and this morning, there we go. You can see that's big heat map at 260 over here, okay? So we have this huge heat map over here, 260. This tells me that we have a major key level of supply. And then over here, we have another major level of 242, 243. Why this level is important. Just look over here what happened in the past. We failed this back in the first week of August. We start bouncing from 242. And then we start bouncing over here 242. And then we start rejecting. So I know that every time the price gets 242, 243, the price stands over here to have some sort of reversal. So over here we bounce, you can see. We have another bounce over here. And then once we fail, then we start like rejecting. And then we have a pullback into this 242, 243. You can see the same level that before was over here holding, now is rejecting. So the price gets into it and then fails. Price gets into it and then fails. And then we have a break over here. This was a day with a major volume, okay? So it's normally we see this price section. And then again, price goes back to 42 bounces. 242 bounces, 242, 243 bounces up again. So prices actually doing something every single time we get to 242, right? So what we can see this morning, what we can experience is this, okay? So is that kind of price action? What do you think? This could be a very good scenario this morning or potentially we would have a fail until this level over here. So why I do this? Why I trace these areas over here? Because this is the forecast that we can have. Now we can have another demand zone over here. I'm gonna bring it down here, this level. We're gonna put a demand zone 228. And we're gonna put another demand zone area down here. So we're gonna keep this 228. And this level over here, we're gonna keep it 242. So we can now discuss about this, right? And we can put over here two major things. So my plan is gonna be plan A, bounce, long, 242, TP, 257, risk, 241 more or less. Okay, it's the plan A. We're gonna put it over here. And then we have a plan B, in case we fail, right? So that is how you make a plan. Plan B, fail of 242 short on rejection at 242, TP 228, risk 243. If you look at my pattern over here, is a bounce or bounce long. And over here we're gonna put rejection short. You can see that I'm always looking for multiple R return, both on plan A and plan B, okay? So we're gonna make this a little bit bigger. We're gonna put this at 40, maybe a little bit too much. 32, plan A, and over here, 32, plan B. Any question about this traders? So we cover book map. We cover how to make a plan. Let me know if you have any questions about it. Good morning, Jay, Joseph. Even if your name is Zephyr called Joseph, buddy. So we're gonna do this, right? And I'm gonna post this in the room. So we're gonna put Tesla, Tesla. I need to also, traders seem so small over here, so let's try to make it a little bit bigger. Maybe like this. Okay, okay, think this can work, right? Think this can work, this is 242. Okay, so we have our levels. Let's put this over here, screenshot it. So we have our forecast for Tesla, very simple. All right, now we're gonna talk about Roku. And so this morning we got long Roku from the 93, 93, 50s until the 95. We showed over here in 94, 50s. And we're still holding over here. And we had the target in 90. So I'm gonna put over here two tips that we had. So this is from the room. Remember, I'm based over here in Italy. So 330 that you will see here means 930 New York time. At the time, we were in a screenshot, just like we are right now. But what I like to do is to anticipate the potential setup that we had. So when it was a few minutes before the open, I already gave the plan on Roku. And then I set over here Roku 930 long, 93, 50 and 93, target 95. We actually took that long. And let me share over here, then team you can see they're long exactly in the 53, 50, 93, selling to the 95. Just like the plan over here, right? Just like the plan. Here's the long, over here's the long. Here, 93, 93, 50, target 95, target 95. There's only lifetime, not two seconds later, two minutes later, just in that exact moment. And we're gonna go over how to take these trades, okay? Of course, the main core, the main juice of this is of course for members who join our community. But then I wanna share also what we had over here. And we started explaining exactly this time, 940, Roku sold all, and you can see over here 940 is exactly this time over here. This time over here, this is 940, see over there, 940. We started saying over here price was 94, 50, Roku sold all. You can see 940 over here, that's 340, short 94, 94, 30. We gave TP 8950, oh, TP 8950, look. You have it here, TP 8950, TP, target price 8950, times times. So we call this target exactly 940. Time over here that we got at 950 is one hour after, one hour and five minutes. This means making, having a strategy, exactly trading a system with exact rules of entries, explain this for traders and then helping them succeed. Okay, a few example over here is, I think we can share this one second to share how the team did it. And then we're gonna check also book map. So we can see here the starting of our trade, right? I would say even better over here. And we're still holding over here. So this morning, the first thing that we wanted was to take it along. So we had a get pop on Roku, so it came in my scanners right away before the open over here. A lot of traders, I said traders, if we get these dips over here, we're gonna take the long, we'll review after booking together. So we took the long over here, having a 9330 average, and then we sold it to 95. We sell over here this 96, we're looking for 97, we're holding still 34, the position came down, and we sold everything 94, 15. Then we said the same time, remember, 940, this is, we said traders reversing the position from long to short. So starting to short at the same time, reverse up keys, traders over here joining in more, adding in more in the first cover. But we're still holding with an average around 94, 20s. And then over here, just over here, adding a little bit more, but right away is scaling out. Adding over here again, this time, average came down to 9350. So we were risking 9340, came over here, I said take patience over here, dot over here, 10 o'clock, starting to covers over here, and then this is only 25%, these two, and this is 25%. So right in the straight over here, which we add around 9280, 85, we're risking in 350, so around 60 cents, so that was break even. Then only in the straight over here, we took 2.5R, only in the straight. And then of course, actually 3R, sorry. And then we're still holding for 89 or 950, we took a little bit profit more at 950, and we're holding now 85%. So you can see over here this team, how they trade it. Going into our book map, is the clear traders, the explanation. Okay, I'm reading some DMs, I'm looking at some charts, let's also look on YouTube, Morning Robert. Yeah, we'll go over that if you're referring to Tesla. Okay, so going back to Roku, look at what happened over here. So the morning gave this open fail on the over, boom. I love this play. Whenever I have, sorry, whenever I have the open level, I'm gonna put a line, okay? Ideally, you know how I am, I like to edit it. So go over here, right click, edit, and I like to make over here this green, so possible 10 or 11, and then over here save it. So we see that we fail right away, we push, this is our long play, okay? Assume the risk over here is 92.20, so we got in 93.50, it's exactly here, and then more into the 93, holding over here with this risk, you can see that 92.50 perfect, that was our risk, start to curl, and then over here, we saw this big hit by 95, okay? So we decided to sell into the 95 over here at 25%. After this, after this, we saw the break on 95, right away slam down. So look over here, slam below the resistance, try to push back above 95, start consolidate over here, but what's more distribution pattern? So when I see this play, it's more like this, that's the distribution pattern. Every single time the price gets near the resistance is getting sold off over here. Also sellers at this point, sellers at this point over here. And I'm afraid over here to take any long, this is long on breakouts, I don't take long on breakouts because it doesn't work, it's not a market to do it. You have to have a strategy like ours. And then over here exactly this point, 940, remember, when we alert over here the short, we said look for a short, boom, popped over here, you can see the small pop below that resistance, we started to gain short over here selling all the position from the 9330 average to the 9450s, getting short, adding this pop, covering your hair partial, big wash over here, on this wash we add a little bit more but took the main covers over here. You can see over here, this is a major sweep, 946 came, right, we're short from 940, exactly here. So we came over here sweep, so when I see sweep over here, I'm gonna take covers and then you can see over here, the push, the push, so another distribution pattern, when it pushes and you start making lower highs, you cannot really break, we know that all of this is gonna be a fail breakout, okay? It's about experience to know this pattern. So right now over here we're topping, fail, lower high, fail, lower high, so we have like a curve to downside. What I'm looking over here is simply a break of this level and once we break, I wanna see these pops, these pops tell me, we're gonna be over here, what? We're gonna be over here pretty weak. So we had our position over here, this area, 9280, it came over here to 9340s, we are risking just 9340, 9350s, we were in this case a little bit lucky but we are had a good scenario and we started like to unwind over here so we start taking position profits in 9130s and over here in 9030s and then eventually we had the major target this morning was this level over here. This level over here was the level where we wanted to have the major covers, this was a major target for our morning. Everything clear, traders? Okay, so yes, it's still unwind for the morning and rather than that, staying short, I don't see set up until 4460s. Tesla is still failed this morning and until 242, I don't see major supports. Roku, we have the 8950, which is a major support. We can go back over here, this is how I look at my scanners. Okay, so I'm gonna make some videos on that. Again, if you want a video on how to use edge-to-trade, just reach out and write in the comments below edge-to-trade video. Okay, I'm gonna explain over here how to use edge-to-trade. This morning, jailers are simply, I would say, perfect over here on Pali. All right, we have 10, 15 minutes for questions so we can go over some questions together. Think over here, we had one by Robert. Okay, so let's take a look over here. It was saying the 18th, I believe it was referring to this. Yeah, exactly. That key level over here supplied 18th and then the last demand zone will be down here. Let's trace a trend line. Okay, I don't really like the trend line that much. We have three points of intersection over here so we could use it. Right now, we're not gonna take any trades over here to 45. Yes, we said we fail over here, 44.90 and we're gonna probably get this 45.55, 44.55. So we're gonna put another level down here. There we go. And then Roku, we call that in 9.50, the reason why I was using that level. What do you think is the reason guys or gals? Is this zone over here of demand, right? This level over here. Okay, the price over here stalled. So that for me was the reason of 89.50. Let's see over here, Robert. Roku has sellers above price and your key level in Bookman looks like the bar is a step in. Okay, so just look at this major bull trap over here, this FFT. It's true that we had sellers into this support 89.50. Just look at that a week to the downside. But when I see this major over here, big breakout, then for me, this is only a short. We're gonna hold over here, position short and see if we can break, reject, and get this level of here 84. Okay, so this could be a potential trade all to the downside, okay? Let's look together. Good point over here, Mike. So let's look at Tesla. So Mike is saying over here, what about fib level 50% rejection at 256? Okay, are you talking about inter-day rejection or taking the swing higher and low? For me, the technically talking fail or view up, these two levels over here are fibs too short. But again, play came with Bookmap as we shared before. So fibs are good, I use them. And they're not always precise, they can change. Okay, let's go back. Looking at the scanner, we have Pali and Ren. Ren this morning was, I think, 30% gap per, now 76%. We have PW, so low price stock. MVSE was a gap in remarket and VFY, 18% not really interested. We have NVACs over here this morning, 12% gap. NVACs over here could be interesting. Let's look one second in VACs. It already moved. So I'm not really looking anymore to trade this. Yeah, already moved, not really interested. Was the very good dip at 1015 technically talking. So I missed that play, of course, you're gonna trade everything. We have WW, which is a 772 million market cap. It's between a small and a big cap. I threw this back in the days, WW. Again, a nice JLN's dip. Broke is the one we traded, WE. Okay, let's go back over here, trade us through Roku. Yeah, we have a breakdown, reclaim the support, but reclaim nine, which is a good key level. I will simply trail right now on only 150s, just to lock in profits. So 9150 trailing all on Roku. So we're gonna stay with that key level over here, okay? All right, so it is the last few minutes. I want to remember that if you wanna work together with me, if you are patient and really committed, then we're having a trading bootcamp over here in Italy, Republic of Samarina for five days trading. This will be using order flow and also the strategy that I teach to traders in the room. We have several traders that became successful and they were hard for example, by seven point capitals and other prop firms and traders who trade full time with their cabin. So reach out to teamjtrader.co or you can send me a DM. For everybody else, I think we had a nice hour together. We're gonna get back into the small cap room today and the Jtraderco room to look at more stocks and more futures. We also trade futures, yes and in Q, DAX as well. For everything, reach out, think was a good session. Put a like, share with your friends, see you back next week and good luck in your trading. Thank you.