 Good morning traders and welcome to the bookmap live trading webinar today with Jay trader hold on a minute Let's get there All right, so today we have stocks trader Jay trader And he'll come on in just a few minutes or so. All right, so today we and He'll trade live. He's a stocks trader looking at order flow intraday trading also swing trading and You guys know who he is. He's been doing webinars with us for quite a while I do have his contact information here. He does offer mentoring services So I'll put that into the chat for you. And then this is important. You guys got to know or It's good to get this message across about what exactly this live trading is Okay, so we need to go through the general disclosure and the risk disclosure General disclosure all book map 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 Involved substantial risk of loss and is not suitable for all investors and investor could potentially lose all or more than the initial investment Risk capital is money that can be lost without jeopardizing once 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. Okay, so we'll jump right in Let's take a look at the S&P here for a minute And see what's going on before Jay trader gets in which is good We will give an overview of what's happening in here Good morning, everybody. Good morning, Lewis and and Burt and Let's say even start again here and pose the question for you for you guys out there I mean here we are You know, we dropped on the overnight session, but look at the bullish action coming in today So what do you guys think are you bearish or bullish today? We can take a look at our higher time frame candlestick chart here and You know where where might we be going we had talked about this at length now since Friday this is Friday's action and how much got filled here on the offer and Trading we talked about yesterday trading down to this range here, but the bulls continue to press things up okay, so Tom thumb like he said pull back, but You're you're still Still bearish here pull back from the 30 level up here. So it almost almost got there And all right Colin yet your your bearish as well Okay, you're looking for 83 though, okay Well, I mean technically like we got to get below the swing here We've gotten below this swing here on the lower time frame We got to get below this one here or maybe the daily in here, which is about 44 to start seeing maybe a shift or change In things and we talked about this as as you're looking in order flow You can even though it's bullish activity here You start to see the bears come in and this this is a good indication of it right here And then also the gap today is another great indication of that You can trade from this top end up here or high Down to the level that we're looking for And that would be the 42 50. That's where we noticed all of these That's where it began all those limit sell orders getting filled on the offer on the way up All right, so that's what we can look for here is a test down to this area In fact, let's take a look here at book map And look at 42 50. Okay, we're getting pretty close now And I know yesterday we looked at it Or I saw high liquidity down here. It's in front a bit and they just pulled here as well So, you know kind of advertising that they're bullish, but they're not they pulled it And we don't think that they added it someplace else. These guys were already in here Maybe adding it somewhere in here is 65 or etc. But then You know, we continue to go higher here so We're kind of looking at that, you know this kind of bullish activity in here But looking for that trade back down to that 50 level here 42 50 Okay, and what that is going to look like on our higher time frame here And we we marked it up here and we're keen on this area here came close to it on Monday you know in the Sunday evening, but You can see the these are, you know real real trading or regular trading sessions not the extended trading All right, so a lot of you guys are bearish here and that that's a you know It's kind of interesting. You can kind of see these squeezes continues to squeeze continues to squeeze and So, you know, this is this is where I Think it's really important to mention here in the order flow order flow rules The chart will tell you the traders behavior will tell you This is a very different stance on on we have bias and maybe you can be overall bearish or bullish or whatever And if so, let the order flow tell you that is With in line with what you're looking for If it is then maybe you have something maybe you have not just a bias, but you have reasons for that bias And let the chart tell you All right, because it's all here We have we have the condition of the of the auction here the participants their behavior and understanding Their context in here Limit sell limit buy the aggressors in here moving price higher or moving at lower green dots moving at higher red dots taking it down Market these are the market buy and sell orders and then we also have the price structure now and Price structure is such a key element here and we talk about it all the time But I want to and we're not going to talk about it too much right now But it's just the the best bid and offer here if we take the heat map off We take the volume dots off just price structure price action Right and understanding this price structure here. Well, we made a higher high here. We're making higher lows here And we have been marking these up for years looking at price structure. Okay, where? You know, we look at these horizontal areas or draw rectangles here like right now Hey, they're breaking the trend line This they're just kind of testing this area here and so we're looking for what? Our sellers gonna move this lower. Okay, they're just testing it right now this swing low here All right, and now what we want to understand is the order flow within here to give us some insight Okay, so let's add the volume dots and let's add the heat map and let's add the complete So as you can see like what I'm doing in here is just we're taking structure and Now we have context of that structure and This is really a key key element to understand Okay, what is driving that structure? Well, here it is. Hey, there's they're on them on the bid here It looks like some of it pulled some of it transacted look at the flip of the order book in here Okay, they're on the offer heavily on the way down here, and we're still finding sellers So still looking for lower lows here 71 70. Okay. Now. That's what we're looking in the order flow All right now we're looking for other key structural areas here Maybe a test down to this swing down here around 70 one and a half or so Maybe this one down around 70 a little bit higher or lower And then the overall low here for the day or cash session down here around 68 All right, so again, we're looking at the orders to give us insight to Understanding or what that potential structure may be Okay All right, so still waiting for Jay trader in here will as soon as he's in We'll turn it right over. He'll be in shortly here. Okay, but just We're going over the basics in here like we do every Wednesday before Jay trader comes in and this this will provide us a good kind of backdrop for the stocks Okay, the S&P E-mini here just looking at the index here all right, so Anyway, we can we can see like how is accepting in the structure here Okay, well selling some buying selling coming in again. Here's our continuation Okay, and this is where you can Start to look for studying your strategies to put this context together and this is what order flow It's a it's a main thing a Main driver to look for in order flow. I wanted I wanted to say this is what order flow is all about I think it is But whatever strategy you're looking at could be volume profile. It could be something else You know, it could be patterns. It could be Fibonacci levels or whatever it is just make sure or your I think you will gain an edge if you look at the order flow to support these ideas Okay, the probability of your trading will most likely go up Quite a bit and then there's other confluences looking at stops icebergs, etc Where are larger players? So the stops in icebergs. You can get some insight to where the specific players are dealing There's Joseph. All right guys. So We'll turn it right over to Joseph and get into some live trading. Good morning, Joseph. Are you there? Joseph T sento Non T sento Bruce, can you hear me? Ah now I hear you. Okay. Okay. Thank you very much Okay, so let's let's turn it over to you. Whenever you're ready to present your screen, etc Let me know Bruce if you can see my screen. Yeah, let me get rid of my video in here Joseph, you know, if you want to put you know, I can show you how to do this If you want to put your video you're yourself in here Just just let me know. I don't know if you see. Okay. Yeah. Yeah. Next time we we can do it Yeah, the camera on the other computer. Okay. Yeah, well, you're a lot more handsome than I am so I probably Attract a lot more viewers in here Please All right guys, so let me let me turn it over to Joseph and let him take it away. Hold on in just a minute There he is. I Got it Okay All right. Can you see monitor? Yes All right, let's start to it. So first of all Thank you for being over here this morning and I post it very early in the chat room Few examples of what was happening on foobo and bbb why? So first of all why choosing the stocks We have over here bby up left corner. I'm sorry Joseph. Let me just Jump in for just a moment. I'm sorry to interrupt you just as you're getting started, but I saw your post earlier I just want to let people know on YouTube Joseph and others Tom B Doug other traders Posting here in our discord channel if you want to jump over there and you want to follow some of that That's where that content is So Joseph was kind enough to post some of this early on so you get kind of a understanding of what he's going to cover now so exactly So bby why we have Short squeeze you can see also over here short float 20 at 47 percent, which is pretty high we have a high institutional ownership and the news a few days ago over here of Basically they bought a stake in the company. So I'm gonna put over here Jumps as memos talk your roles up to 100% in August Let's you over here Seeking alpha I'm gonna look for more over here Ryan Cohen. Yes So he bought 1.67 million coal options on BBY also over here you can see that The position amounted of 11% 11.80% stake as late March because He also bought over here last March nearly 10% of the stake, right? So they're accumulating on BBY Now looking at a few second the stats of the company Think it's just important to understand. I'm here what we're talking about He's a 26 25 dollar company, but it's a 1.65 billion company with a 61 million float We're gonna cover why this morning we were looking to trade this long Why we then reverse buy it for a short so You are continued. Let's see if it's gonna load or write Okay, so very early today We had a dip into this year of 24 60 24 50 I will share also the chart with the candles to understand But I would like that. You start looking over here at this pattern We had this this white We had a first pattern of dip seven o'clock Brokers open over here at least the majority brokers will will put their orders over here Other brokers will put over here orders over here at eight o'clock Second dip so we have over here a level where we test twice 24 50 24 40 And then you can see that we start having a trend break So if you look at this pattern, we have a distribution pattern Right more than accumulation if we look at this trend line seems like a descending triangle We see over here at this point That we start having a curl and I use amounts of volume jumping in So I will share after what we did But the trade I took this morning first I my first rate of the day was a stop and Actually was the the only loss of the day So I started along When we reclaimed over here the V-web I Got longer exactly over here And I got stopped out exactly over here. Oh, it was a starter position so around the 5% and I lost something like around 40 cents Then I took another feeler Again another 5% of what I wanted to to trade not of my account 5% and Then I was risking this area over here level of support 25 full roundella number but before going into the the explanation over here I Want to share one second why Was looking at that 25 Let's put over here B. B. B. Y. We're gonna look at the 5-minute chart Okay, so I was looking at This area over here Massive support yesterday. You can see that the price Dipped around 12 o'clock and then again at 2 o'clock into this area and always bounce bounce back over here to the 28 So this morning Very early around 7 o'clock. We got a dip in the 25. We actually went a little bit further to the downside Touching almost at 24 then bounce over here back up and then over here creating a higher low 25 bounce back up and you can see that in this moment the price gets tighter Tighter and tighter. All right. So over here. We have Or the sending triangle or a wedge But actually we see the contraction of here the volume and then at this point We see the volume coming in. So this is the point that I shared before in the room We get in and after the stop the first initial stop Which was this one I Basically load over here and I brought the first exit 2755 this area. I had a lot of patience over here was feeling good this morning. So I was really Focused on what I had to do my levels And the reason why I got in with size was this amount of volume that it's over here So I was looking at the tape. I started seeing like buyers buyers buyers buyers. Of course, I had to set up there to tell me To long exactly over here where you see this arrow, right? So I was looking too long exactly over here and I took with an average of 26 And then I saw this dip pushing and then huge amount of volume over here I saw no seller. They were removing or at least very few sellers They were removing all the resistance above and they start like pushing another dip over here And at this point I was looking. Okay. Let me see if I can trail partial. No, I I held And then I sold over here into this push previous day area of resistance So the 2750 for me was a pretty good key area Where to to start like trimming And you can see over here the reason right? yesterday I was looking at this area So we see that we topped over here into the 28 over here down to 2780 Then over here again into a seven 2770s 2780 So that area over here where we got over here The first exit was my first target point. So not bad Because entering over here around 26 I was going again around 40 cents But I got over here at least four times What I what I had for risk Then it came down and I Bought over here partial sold over here more And then once we got this pullback over here to the 26 I reloaded the boat Reloaded full size back in again And while I was doing this I was commanding in In my room Telling every single thing that I was doing so I was already sharing this in the in streaming in the room So that dip that came over here again a 30 check this out Look again that huge amount of volume coming in And every single time that bb y today ran Just before we had this pattern over here And over here every single time Once we had that breakout big volume coming in big volume coming in So when you see basically into a a dip This pattern scenario Start watching for a possible long All right And again over here at patience At patience I sell partial over here Why start selling over here because you can see that the first slowdown of momentum we added this point at this point This point over here we sold partial And then over here I held I was looking to hold with the risk 2750 Which was the previous support and heat map resistance or heat map And then I saw over here another consolidation And then again, you see the same pattern, right? so we see this V pattern to downside and then push again So this happened over and over several times today And then the last partial Of my trade long I sold it over here Once I start seeing over here these sellers jumping in All right And then I didn't trade this anymore until dope Let's zoom out for a second So one thing that I said this morning when I was When I was trading this Sorry Is that I was observing this this area Not From this when we are over here, but I was observing this area From this zone over here because when I longed over here that I reloaded I had intention over here to sell into a big resistance. This was not big enough And I saw the ball that we had Of course, I took a a big chunk off over here around 30 25 percent But then I need to see a main magnet area, right? So when we see these big heat maps and I said this in one of the webinars we covered this With With bruising the past Often those areas are magnets So you will see really the bars of price section In a direction to this area Okay, and we went just to this level over here. We started to make lower highs I sold everything over here when I see this big dump, right? And they're starting to make lower highs lower highs lower highs And then we got 930 so my plan And I said this I even recorded I said traders. I'm going to look for possibly 29 or again 30 area for a short So the point is That I really work to a tee But you have to be super quick to get this Because you can see over here open again that v pattern, right? So you cannot simply Show me over here at the gate or by me over here at the gate wait a second that The market shows you what you're going to do and again that v pattern over here Boom long over here if you can and then rip to the upside 30 Start shorting when you see sellers over here and then it dumped Two bucks and a half in about a few seconds so I I put over here some some examples that we had in the room Just to share with you. So this is the level that in pre market we We got out from the long This is a trader got the short over here and you can see that on the wash out the gate to cover everything This is how to get it long Instead of the gate. So the long that you see here this v pattern, right this This is the long over here exactly this point this green and then sell into the rip so You have to be quick, but that really is your day and then the reversal over here. So you see This point up here, all right, so that resistance where we said to short You can see the trader jumping in over here in the 30s and then covering partial partial partial The level this morning I set a target 24 50 y 24 50 Again, if you remember traders, we're looking this morning at those dips that we had and we had 25 as the main support these dips Happen over here around 24 50 and I was looking also at book map to confirm me that 24 50 Let's put over here Okay, so when I see book map over here, it gave me a timing It's very easy to i'm sorry to spot the timing that buyers step in So over here this sell off that we have a 950 is this one over here. Let me point the arrow. I prefer This sell off over here that happens at 2060. See breakdown Is this over here? So at a certain point we have over here this breakdown Boom no more buyers supporting over here And this is unwinding Okay, use unwind over here down to this 200 exponential moving average Perfect dip and then a certain point reason To cover a big partial and then at certain point We add over here buyers stepping in again a cup pattern and then push it upside And this is bvy today. So perfect good read Looking at the levels looking the system that I teach and looking at book map. How I use it over here This is exactly how you Make big profits for this month. We're having more than 80% win rate. So Something is really Working over here That the trade that we had was fubo And again, I shared this morning my fubo trade As Bruce said in in the room And uh, it was 50% with my system 50% with book map over here So Remember before what we said When big volume comes in All right We look for long yesterday fubo was a marvelous play Right, I want to show one second fubo. Uh, let me get it With another chart Let's go up here fubo So I think this is pretty clear uh long high volume yesterday fubo went from 440 Up until over here the 8th Was 815 810 So you can see the the moon over here going parabolic exhaustion. This seems like really a play A playbook pattern Good work over here in the meantime for our traders. I mean like not bad for the day And today I was looking for those levels So when I see a chart over here The first thing I do is I go check the 5 minute or the 50 minutes Start looking for my levels where I want ideally too long where I want to short And I was looking this year over here for along you can see over here that this is called the man's zone And then the man's zone to get alone doesn't really work I need to go check if Book map Tells me this is a real support today as well. We have in buyers And you can see over here. So this is why I insist traders and I always say Having book map is just like Uh on the snow having snow tires All right, that's a point So you can see over here This zone right now Here we can see even better this so you see One two three all buyers over here placed Right, so there's somebody over here in the morning There is basically holding the lows and these lows are exactly what I'm pointing out. Okay So this over here this point is where I longed Long over here And you can see the price Was holding up, right? So they're moving over here the bid and a certain point boom buyers came in buyers came in Now at this point I had only a feeler So feeler You cover I think Bruce we cover less week a feeler starter how much I use and a feeler could be anything from I would say a five percent of position to 10 percent a feeler a starter So you're not really loading the boat. You just want to be in this In case this runs or fades according where you're you're you're setup you're You're your bias and then of course we're going to look for Moments where we're going to add I've seen this Remember the pattern that I showed you before Again So I entered over here. I was I knew that the pattern was forming Uh a v pattern over here And when I decided to get in long I I jumped in really jumping pretty good I had a uh a first entry over here A second entry over here and these charts with execution are shared in the in in the room and That was my stop now So I was risking this level. That's the level. Okay. That's the level of here on the chart I started seeing this v pattern again and then buyers you see over here buyers coming in This was a pretty good one I start to see uh a huge amount of demand coming in And only into this area you can see over here. We start to see some sellers. Okay. My sellers are gray Don't ask me why this color, but it's just like It's really uh good for me to to see that And uh I was looking at this Let's do like this. Sorry We're gonna put fibs as well Okay, so these are the fibs that I traced Over here. We had a 50% fib 712 And at 712 this area here where I started to see sellers. You can see all this gray I sold a big chunk of the position more than 50% And then a stuffed Came down and I sold everything over here into sorry over here into the 680 So I waited the open the open it popped And I had two plans For pop and fail or long over here. We had a pop and fail and then one is really Sellers over here all morning. I was seeing this dumping dumping dumping. You see we broke even this main support And now we're going on all the To the back side over here Now we can put a fib still here. All right And this was fubo Then they was not ended We had also And if you have questions just read us just like Let's go over together We had also be here bwb anybody traded this so Tricky one a lot of volume First of all, let's look at b Let's look at bwb on a daily chart to see what the stock did in the past and you really start Understanding how the small cap work, right? So this stock came out with the news on Vaccine for monkey pox So i'm going to bring up one second the news bwb now we don't have any more in the scanner because already started to fail so bwb Blue water over here bwb. I'm sorry. I have to go over here Okay, bwb So we have a micro float a very small float around four million float, right? And uh, these are the gap stats. So two times this close red So below the open with an average extension of around 14 percent. So follow me very good over here average extension 14 percent This means that this could uh extend generally between nine and 20 percent, right? It loves to stand over here at the gate Because that's the high of day And the news Is this Primarchan plans to develop monkey pox shot Okay, so plans to develop Said plans to potentially develop monkey pox shot using its technology. Okay, but it's planning to develop traders Now, I don't really care about their plan to develop All right. I want that they have something Uh tangible so really a vaccine ready This news is fluff Now looking at the daily chart. This is bwb And now let's investigate a little bit more We have a company so we can go to check the financials They have 18 million cash No revenues And no negative net income. So basically where's the profit for the company? The only way they can do profit and raise money is through offering dilution. Okay Now We're gonna look into five minutes Actually, we can look into the one minute And uh have also here a book map now I'm gonna put bwb You already know that When you see the great dots That's my Those are the seller, right? So look over here. So I'm pre-market Uh, remember me about beer. Sorry didn't take any position And uh over here. We had this uh open 9 30 you can see over here And right away boom extension play. All right. So this is a gap That extends so push it upside Over here, you can see we have a first heat map So this is a good level where we can short very near the the resistance over here 390 395 Having a tight risk. This is a correct pattern over here to short Why say that? Because when it came to the 390s There was some decent stack amount of uh liquidity over here 21,000 9,000 7,000 another over here 14 15,000. So we had some good selling pressure. All right So that means that If we miss this area And we're going to short over here, of course, if we short down here and let's say this will unwind Whatever eventually wind it Then we have Uh A higher risk because I'm shorting here And that's what That's my risk and acceptable, right? How many hour return I should have So I don't really like this Planned to short low, but also don't like to short the front side of the move So when I see a level It's not that I just see a level over here. Okay. I'm shorting because I have a heat map Now I want to see a rejection. I posted yesterday Something explain about this. I want to see a rejection. I want to see a level Where we actually see sellers jumping in So this is too early. This is too early over here. We go into this zone We touch the 390 first listener over here 395. We're talking about this area So when I start seeing seller, this is a good level for an entry And then over here you can take a starter You can look for another rejection, but that's a good area for an entry. So in this case the whole dollar number, which is four And sorry before I'm talking about this zone four dollar number Plus a heat map plus a rejection over here. So they're testing the zone. This is a first level Where we want actually to take the short Okay So I'm just sharing a few examples over here to to explain this for example is is another stock It's uh, it's how an example of how a member traded and you can see that he's avoiding me here the front side You have to take that back side of the move if you want to short Otherwise, you will have like You know a losing position before that ends up if it will end up, you know paying yourself Always wait for the back side um The second point That we have over here And we can put it back up this Is a certain point you can see look the volume jumping in right before remember bby fubo They start like to have a massive breakout with a lot of volume over here And then this explodes it extends you see some sellers, but still not enough And then you start seeing like again more sellers more sellers at a certain point over here. Look the sellers that we have right and This is the last push that we had So look at this area We're talking about this 478 This topic Uh, anybody knows why we have over here this sideways action McLovin david rob anybody knows about this So before stalling and then halting You will see this So when we have a very high liquid action Prices are super fast over here Uh, you're a level two is showing you that we're probably gonna um halt On bookmark. You see this But it didn't halt Okay, you see over here 932 and 10 932 and 20 but we get near the halt that's a certain point when we have this Rejection over here We started like to dump And that is where exactly here We'll start seeing the backside of the move Okay, that's a first scenario Then it came down. You can see over here now sellers, right? Before we had so many buyers over here And now we see finally sellers until this four dollars Over here And what do you see over here traders? There we are this four dollars over here you see a big amount of liquidity And as I said before when you see the big amount of liquidity remember one thing You will have this as a zone of catalyst Where traders Are where the price action is going to be attracted to So in this case we started having a push Right, so if you're shorter over here or you're shorter over here And you are already looking at this four and it starts to back Uh to have a pullback over here to the upside and you see buyers in That is where I was alerting the room being that we're shorter over here in the fourth fifties I said stop in the money Don't get squeezed get out before to have this because as a recurring parent that we have And then we had the second push Into this and I will zoom in There we are I think this Bruce over here will say something but I believe because he loves this so this is a parabolic move exhaustion move So I was over here trading with mob here Loaded the boat over here She shared also the the chart Loaded the boat and we took the downside And the reason one of the reason is exhaustion with book map Exhaustion over here with this peak $5 number And also beautiful pattern here the surface of bar So of course, he was pretty good because he took the five But I mean if you take also The 490 over here, you still see this is a lower high You still see sellers in this is a beautiful beautiful pattern trade And then once we see this and wine look no more buyers, right? Look over here the tape We go from five dollars Down to the 410 almost 90 cents and then unwanted more 390 So she's up right now one buck per share And you can see again The use of book map we're going to point out two things And we have over here. So we have exhaustion of the move And then we have the first main target to the tea, right? So here we can see exhaustion Of the move and this went parabolic. Okay. We had also key area five Here, I'm sorry. I cannot write it more $5 And then also we had the first tp. Okay target profit So that is the The main move that we had over here to today traders on bwv Now the point on this Is that of course, I'm going to follow this because my beer is in But the point is it's still above the pre-market high And the pre-market high level is this area over here So we have to be careful right we have to be careful over here because It if it finds volume it can still push If instead unwinds over here We can look to add on pops Think will be pretty interesting over here to read the To read the order of flow together. So we're going to follow this for now We're going to put our levels of resistance this This and this And of course, we can put even Thieves and everything you want, but for now, let's limit ourselves to this. Okay All right. So these are the the main levels that I see right now around four dollars Uh, three ninety four dollars four sixty four eighty and five twenty So we're short Okay with an average of this We're not going to add this lower The only midpoint we're going to add is the skier over here because price can Reject this area, right? So we're going to load over there again Any question traders? I just wanted to make a comment here. I'm your neighbor is talking about the Yes, anyone can explain what has happened, but what will happen? Um, and I just replied, uh, you know, I mean He's short. He's he's in the trade now And he's explaining why he got in So exactly. So so I just just wanted to to to clarify that. I mean he is live trading Yeah, we're we're explaining what we did right now with all the entries live trading commenting why we'll take in the trades Okay, so all of this is explained by the room and this is every day since years and years and years We're not selling over here paper yeah, I mean A lot of times that joseph is quite done for the day at this point, but uh, uh, he's also He'll find he's he's traded live in here for years. So Just just making just wanted to I wanted to answer that it's important Yeah, of course, of course so right now traders Uh, we are looking for possible ads to this scenario. Okay, so as to the scenario Let's see if we're gonna have those levels tested. I see over here juicy 450 Okay, that 450 is also my previous resistance. The price will get to this 450 460 We can look to react this would be I would say a good a good spot In the meantime, we can look also bbby On bby, I'm not in a trade right now Let's put our book map Joseph, I do have a question for you when you have a moment Sure, bruce, you can tell me Okay, so The v bottom trade that's kind of new. I haven't seen you Really go over that. It's it looked more kind of like a a breakout trade Well, it's not really looking for breakouts because you're still buying the dip And I would say that you know is the Is a fast washout reclaim like you can see over here On this v pattern and then right away it reclaims, right so I really like it and for me that is Uh, a very good lower risk entry, of course if you see a big support a big volume to to trade I can share this is the target one of the the traders who are who I'm mentoring and I just want to share the the way to do it Because I think he traded perfectly over here And 1015 we are at this level over here. Oh actually, sorry He didn't get to the 1015 yet. He posed this before but you can see another one over here So this washout over here at 930 And then he sells into the rip. So what we were saying before 930 There we are this wash over here, right? You can see and just look when the bars come in Bars come in over here, right and what he did He started getting that trade perfectly over here. So to them So proud of him. This is his field selling selling selling right so And then re-adding and selling So using those levels of heat maps to get to a j-lines and support resistance to get the perfect entries Now that 30 that we saw before What he did over here He sold in that 30 Because he saw the resistance So once we had the rejection he sold it And then over here again once we had This secondary push Bruce to the Let's zoom out a little bit Okay Once we had the secondary push over here to this 28 So we had one seller second third fourth fifth. This is a big wall of sellers, right? And we have still that 30 there that is not moving Okay, so what he did He sold over here again partials from where he was in And he sold exactly into the here All right So this is a correct way to trade it. So bind the dip Selling the rip or selling the tops over here the pops or the tops as you prefer And covering to the washouts or covering to the dips. Okay This is the correct way to do it. So Very very good Work over here. I really like this really like this Um And that's how simply you take the tops that's instead how you show the 30 That's how you show the 30 And that's how you buy the perfect dip and sell to the pops so two or three strategies working more than 80% wind rate And it simply was amazing amazing amazing amazing Now, let's go back And let's start looking again for 30 push that we're going to Check into our bwb And we're going to also use this chart Okay So I have two charts over here one minute over here with a transpider and the second one over here is toss just to To see the my indicators What we said that we're doing right now is looking for an extension play Looking for an extension play into this 450. Let's see if we're going to have a fake out rejection or actually a breakout So we are shorting this five What we're going to do is risk maximum the money On a stuff over here. We're going to add a little bit more now we see buyers but also sellers And that's a big pattern forming again. You see Bruce just coming out over here So fast washout reclaim over here, but I don't see those strong buyers like we saw before You see we have more sellers over here. They're like stalling, right? Yeah, they may they may come in Over here. They're trying they're grinding the volume dried a little bit They're dry little remember we are above the pre-market high $4. So this blue line over here this upper line Is an important daily level So they're trying to consolidate it above beautiful place day a great price action Mark is really good these days so Very very happy with this this environment That's actually there we are They're trying again 435 a little bit more liquidity And until a fake of that 450 460 So as we said before we're looking for this here over here Not really looking to toss this personally I'm done mob here will Will be in a position then once we're finished to trade again, we're going to post this Again in the room so that members can can learn from it Stalling over here into the 430 And again a little bit more sellers Too early too short they can still squeeze The system over here Bruce you can see is saying too long But we're short we have to stick with the plan So of course we weren't short of it short over here We would have gone long over here for 10 Basically it's just telling us this right? Yeah, I'm kind of curious on that like Would you Start to exit some We already did over here So when we shorted 5 we already took the partial over here by rules of 25 percent And we are looking for this level of here 330 And then ideally more but the point is if this is not an even more a plus setup For the fact that in this market, I was covering one day Few few weeks ago. I was covering over here statistics And when we hold This is the pre-market high. Okay this level over here When we hold the pre-market high After 10 o'clock We have not anymore Edge more than 60 percent that we will unwind If instead we fail after morning breakout the pre-market I before 10 o'clock By stats more than 80 percent will fail below the open So basically what means we're gonna close right on the day, all right But in this case I have a 50 50 That involves one thing risk management So no matter what's your average if you have something over here that's holding Then you must use stop in the money or stop maximum break even not give back profits Uh yesterday was very simple to see for example this We can put uh, I believe we can put bbdy right And this is a is a clear example. What happened over here? Well, let's put exactly here Where we are yep this And I believe I cannot do it Holding a pre-market high in rental day full but the same Kirk the same k i R k so a lot of these they tend really to squeeze Bby over here, uh, just fading right now, um low volume is still not the backside of the move We're still holding the hourly trend line. We're still holding the the day lines over here So you can see it's still not the backside, right? We're still holding the trend Once we see the trend break Then we're gonna look for the possible unwind And fail yeah, joseph. Um, in fact, um, what you just said is is is pretty interesting. Um about your statistics study, uh And um, so I've been trying as soon as I can kind of free up a bit of time and have some events maybe in the afternoon uh east coast time here to go over, uh, how to build an edge or how to Quantify an edge, uh, and um, uh, you just covered it in kind of a nutshell there of looking at a general statistic, uh, and Above or below that pre-market Uh, and now you're managing your your trade around that Yeah, tons of statistic that you can take Based on different patterns different parameters Uh, so tracking is one of the most important thing that I teach because trading right now and I have Uh fortunately, uh, I have a team That knows how to code so they use python and everything so they make things very much easier for me So really props to them Because what I was doing for years basically manual back testing Now, uh, for example, there's a trader yesterday He backtested spy since 2018 With python with precise data not that repaints Okay and uh The results were for example impressive. This was this was what he did Okay, backtesting one of the strategies and this is from 2018 So by doing this By doing stats You really become a professional trader and really a total another level Yeah, this is that's that's uh, Fantastic, I mean and really good for for people to hear Uh, your evolution here, uh, you know Embracing the the and making very good decisions based on the statistics And also the the order flow here in book map Exactly Bruce if I can help in and give a tip to to traders that are following us What to track because I know that traders will ask First of all traders you can track so many things Tracking gives you an edge But then of course you need timing of execution that you can find with a chart in with the order flow And this is for me found by the chart in with book map. That's it. Of course if I have a stat Like right now we were talking about extension place above the pre-market high That I know right now that I don't have any more 60 70 80 percent that this will fail Of course, I know that risk management To be in place I know that I don't have to trade anymore after beyond the time and I have to be super I would say conservative in this moment if I have instead I would say an edge that I know that I will hit the target with certain parameters 80 percent of time Of course, I will load the boat If I have also the price section the order flow I would say Confirming my decision Okay, so putting things together one of the things that I suggested back test if you trade small caps Is and I trade small caps and big caps and mid caps But if you trade small caps one of the main things you should back test our targets Really targets In this case every time you have a gap you should see till where we fade by average A pivot level A moving average An amount of percentage So track this and also track the time right now Bruce. I won't tell you something Remember two o'clock. We have FOMC at the same time in this exact moment. We have boat BBBY We have also air Okay That is squeezing look over here air at the same time So markers really So volatile even midday is not the market we had like a couple of months ago really changed All right Yeah, no, I'm Joseph and I know it sounds like a plug for book map here, but I just wanted to let you know That's my goal here your coders Book map is there's now a bridge for for python. So you can code in book map using python Thank you, Bruce. We already been in connection with with your team, which is absolutely great. Okay So I'm not gonna step in another stock as I said, I'm I was already done this morning Just like pointing out to the market over here where it bounce from J lines again right here. Good And now we see bbby Uh, yeah bbby over here This is the squeeze 24 26 2 bucks in about three minutes And then we have this morning also J cse another mover. We're bouncing from j lines. So look at how many of these Buddy are bouncing first one. So that Nice decent runner, right? So very simple wash out And then we have also over here air Again, we had a first dip early in the morning Then over here consolidation if we long this is a first stop and then the second one work the third one works And then we have over here bwb, but of course, we're short. So we're not gonna start in with a long And today we didn't cover big caps or Amazon others of these that we'd love to trade because I believe that fubo Let me look this fader We had also sava Run and fade and then we had also over here bby I mean these were the stocks really to trade these days also we had very that lately has been very volatile I treated the first day of earnings Look again, how j lines work So simply incredible So we're gonna stay With these two right now. We have bbby I'm gonna stay with pwb Joseph, I mean like Look, I I'm not a small cap trader and I'm kind of always amazed But some of the things that you go over and show Um, yeah, I'm wondering though like these the main drivers of these kind of You know Stocks that have really pretty horrible fundamentals. Oh, yes Yeah, so so I mean it I mean the main drivers are like I mean these are just pump and dump strategies Again and again and again I would say bruce that 90 percent of these Are exactly like you're you're saying right now Uh It's like for us. It's just like, you know momentum or momma trading So it's taking advance of that scenario that could be a long for 30 minutes five minutes or one day Or in this case look for opportunities went to short So or you trade both short and long or you decide which side to trade and specialize on that in that The majority of these I mean bby now is a one billion the comp one billion company But all the others that we who are looking today from ear bwb and others They are A small cap company some have even like, you know as low as 10 million market cap Uh as low as 500k float I mean like, you know, I can simply manipulate the float instantly Uh, and you have to be very careful when you trade small caps Big caps can be much more trendier So I think big caps are easier for a trader, especially to start But small caps are trapped more traders Because a lot of traders have a small account and of course Having a small account you can trade not tesla not amazon not apple. You will trade a five dollar stock like bwb But in order to trade profitably small caps you need a lot of I would say Mentoring a lot of knowledge on order flow in order to spot a manipulation algorithm And all these patterns otherwise If you don't do this if you come to the market and prepare Especially in small caps market can kill you big caps. It's much easier You take a trend just look at apple and hourly Over here last three weeks. I mean, you don't have to be rocket science over here Just every single time that touch the jay line you buy it And that's it Right, that's it. That's a system. Of course, you will use the lower time frame or whatever But you cannot simply Uh trade small caps in the same way small caps are not trendy Maybe one or two days and then they will dump or then an offering and then s1 and then what Careful over here traders because we're going to have a possible v pattern scenario again on bwb So in general, I'd like to talk more about that v pattern, but like in general, um the small caps are You know insiders or people that have uh are going to gain financially from trading Their their company their stock To pump it and to dump it And build value that way Those those are the bigger traders whereas in in the large and i'm generalizing grossly but And then the large cap, uh, it is um institutions or you know, um Investors that uh bigger players that are Um Positioning themselves Yes, uh What I see bruce is that like we saw before We are looking at filings for example of bwb the company is Just announcing that they may have in the future something Uh for the monkey pox But nothing for now. It's like if you tell me, you know j i would have probably, you know Beautiful mention in the future but not now so I don't come to you I mean if you invite me where I come to see the same thing over here So they're basically saying nothing but of course look the manipulation. Look the volume We have a 4 million float 4.5 around and the volume trade is 48 minutes So more than 10 times the float float rotation Then we have high volume this float rotation. Of course we'll push And what they're gonna do if they have a net a negative net profits So negative net Income so they don't have profits. They don't generate a generator over here An income what they're gonna do they're gonna probably use offerings They're gonna probably dump in order to raise money And that's over and over and over what these small caps are doing Yeah, and then and then institutional ownership is what you would say is the are the drivers in the large caps Yeah, yeah, yeah, yeah, absolutely. Absolutely I mean we can look often Uh, the majority small caps will will have an institutional ownership 5 1 10 20 percent the majority have very low institutional ownership If we compare one of these With amazon or tesla or main tower all of these you will see really the difference So of course institutions are smart. They will tend to buy something that they believe in They're not gonna buy something. I don't know now about db wb Wb or or others in particular, but they won't buy something that they don't believe it will work. I mean something that has a Daily chart like this Then we'll really buy something like this Unless over here they start doing a murder or something crazy That they really believe. Okay. Now this can push for the future So we have to be careful Bruce over here on this pattern So the on the small caps, um I've we've seen it for years you going over these things. Um You know the bag holders And where where it might go to and where you would get short Uh And I've asked though Also, maybe you just repeat. Um, what what about trading the pump? You mean taking the long? Yeah absolutely is Uh beautiful momentum pattern, but you have to be quick. You have to have your scanners going You have to be what what I do is this What I do is this Bruce look one second just To two minutes over here. I go right away always on my scanners This is a to trade. We have the scanner up. I look right away the float and the reason why it's uh Going up and this is how I keep my filter into the runners more than 20 percent So during the day everything that like, yes, they was pushing careful over here ARTL Kirk Fubo, I see them Then the second thing I do is I need a little open book map because without that I'm blind So I need to see we have bars like in this moment over here or just like slowly grinding And I don't see any kind of volume And then I open the chart. So imagine I have a uh a scan I have the chart I have book map and a stock does this look. Um I'm gonna put from yesterday this over here GIGN is an example of a pump and dump a minute Let's put one minute chart and this is it So this comes in as scanners Comes in as scanners to look how Less how much less one one minute over here Or in this case we had for example of gbox So this was running yesterday And look today where it is. This was yesterday traders. It went from 1.5 to almost 2.9 And then faded This is what they do. Okay, let's go back one second to bwb. Let's analyze over here So we're having the previous resistance 460 they clear out that 450 So it's still not the moment to add 452 So while it was going up over here, you can see if we're 50 to start to sell It's still not an ad for me I mean for my beer so Or stop in the money And if you have a five dollar average Or five nine four four ninety five, sorry I would say risk the 465 over here just this previous resistance Where we top before for like more than half of your position Also previously over here. We got out 25 percent And then you will hold with 25 440. Okay over here To clear this resistance 465. Okay. That is where you should get out over here 50 percent of what you have left Actually, sorry 50 percent of the initial position Holding only 25 percent for An unwind or 480 if over here we would stuff it would be a read But not yet Joseph, uh, I mean you covered uh Some really great topics, um I hope so What's that? I hope so. I hope it was beautiful. Yeah, I mean some really great topics that are just um, maybe maybe we should consider some afternoon events And to go over some of those topics in more detail Yeah, a lot of these extension brews. I mean really the majority Are happening midday afternoon like really between 12 30 till 3 p.m Remember the market a few months ago when we were like, you know It was a little bit boring small caps because it was only action the first hour and then nothing anymore Now it really changed the these runners I mean yesterday we had like four day before we had like five or six uh qrtx prc tsi sntlg mgl high rev i n k t i'm reading them uh They had 12 1 2 p.m run So the best longs and then there for a lot of these not all will also fade on day one We'll give also the best shorts. That's a short. That's over here when it fell over here this red line exactly this point here Why because you see sellers You see a stuff in action over here and you see that we couldn't break that 480 So that would be the recycling of the shares Risking just this level over here for 68. So have a minimal risk Okay, so that's 465 and I love to see when I say things that traders like Mary or others doing great job. They're doing this because they're learning the strategy So this is it. That's your stuff. That's your level now. You put the risk So if you shorter 463 6465 you just reset the red level boom you're already are in profit This is how you do it And now you have 445 is the first 90 may trim something then you look for the jails Yeah, great great stuff Look over here now sellers bruce now we have to look sellers are joining in more Or we're gonna have a reversal upside if you have a reversal now we can keep risk to break even I don't see those big bars right now. MBBO is curling down beautiful over here So if you fill this level 445 Passable wash coming Let's look at 445 They're holding just that dip you see over here. Somebody got got scared cancelled at 437 I don't see big bars yet. They're making lower highs And you can see that beautiful heat map over here 480 which is our guide, right? 445 bruce possible wash. Let's see And they have to pull the bit over here They're holding look at double bottom 442 They pulled a bit Washes there we are little wash 435 Now second one, let's see if we have it curling down possible second wash coming another another pull Love this price section Very easy very slow simple to read Not a lot of manipulation over here Curling down a little bit more support a former here in the 420 you see One already cancelled. So it was spoofing over here Now if short in that 460s Put the risk in the money using this high over here 458 457 You supposedly trim something now. We're looking for the starter 420 Why tell you that 420 because every single time that we bounced We got first this And then this So joseph if you can just go over I I know we're at the end of our our time here. Um, but um And and and the risk management boy a couple things like this has been a really great webinar as mclovin had mentioned In discord there totally agree One of the key elements that you look at is Not only the trade setup, but even more so as you as you've stated in the past Is the risk management and a lot of traders just don't get that kind of education And it's probably the number one thing They hold on to trades when they shouldn't And get in a lot of trouble the the other Thing I wanted to kind of cover though was that that v bottom trade I understand the v bottom trade when it goes into one of your levels Um, but how are you trading it though when it's not in one of your levels? It's like a low um, a new low Uh, I'm gonna answer like this bruce discipline Means if I don't have everything to the t. I'm not taking it The market is giving so many opportunities that I don't need to step in and a b setup Or a c setup if everything is perfect This is every single day. I have a little pre-market plan with with my bear to my side and we decide what to buy with the sell and uh Often in pre-market, we see a lot of opportunities But maybe only one or two out of five or six or seven or eight plus where I can't simply size the others Maybe I will put you know, like just a five percent Uh just to be in But for me is really finding your a plus setup The problem of traders that they over trade So over trading doesn't make you more rich over trading. It's just like a way to lose more money Because you end up doing the wrong patterns that All the unsuccessful traders are doing If instead really filter out like in a trading system all the bad trades Your trading system will make you Billionaire not millionaire Now it's very hard to do this in an emotional Uh, I would say a human being But of course you can work in yourself Trying to filter out all the bad trades Filter out your emotions and be as more analytical as possible That's the reason why every trader should create a system that can be Automatized or can be also manual like in this case seen a rejection a resistance and book them a confirm. That's it Hope makes sense Yeah, no, absolutely. Um, uh, you covered so many good things today. Um, like I said, these can be all like their own webinar subject uh The the thing that we cover like in our our daily webinars is You know take that whatever it is that you trade like you're looking at your a plus setups And then you're going to get the edge with the order flow Um, exactly. So you're you you already know what your setup is Now what what what are the participants and the order is telling you? And that is going to provide you A much an enhanced edge. Uh, it's as simple as that Exactly like over here. You see I put this uh arrow just before it dumped because I saw no support until 425 And I put this because I was pretty sure it would have dumped so This is beautiful simple to read And from a simple trade that we took over here Personally, I didn't take it We got to the first main target 460 to 420. It's a pretty good return So first cover 25 percent out here at a 420 boom done And now you can simply use risk management. We're going to risk a lower high for 40 Looking for volume coming in good. We're going to trail volume not coming in So we're going to be weaker. This is going to fail it more and more and more Next target 365 375. Pardon and then 350 Think we covered some very good stuff today bruce and I think that uh The main lesson today was How to read the charts and especially on bbbw Fubo and bwv I mean, this is a small cap That is not that easy to to trade. I mean this part. Yes This part was pretty advanced. You have to know the setup and you have to know how to read the order of flow And it also involves a lot of risk management Over here into the fort to get out and then we short it over here and over here Yeah, great. Great stuff. Uh, well, well, thank you joseph. Thank you very much. Uh, and um We will uh Uh, maybe take some bits and pieces of this and uh, try to make some short videos for some people As well Yeah, yeah, well, uh, yeah excellent stuff joseph There's anything more. Um Else we can uh, we can wrap it up Okay, all right traders. So I think we covered the majority of the things over here this morning um Actually beautiful trade over here by mary. So congratulations I think that, uh bwv if it doesn't reclaim anymore 460 it has really the cars over here to unwind Remember, this is not anymore a plus setup to short over here because we are just in a support area. So be careful Reach out to bruce or me if you need extra help and thank you again. See you next week. Take care You just stop loss risk management and god bless you. Bye. Bye Thank you joseph