 Good morning traders and welcome to the bookmap ProTrader webinar series for December 8th Today we have Fausto Pugliese from Cyber Trading University and he's gonna be trading US equities here and Stock trader, so we've had him several times in the past here I do need to go through the risk disclaimer and I'll go through an introduction here the general disclosure All bookmap limited materials information and presentations are for educational purposes only it should not be considered specific investment advice nor Recommendations live trading is in simulation demo paper trading mode and strictly for educational purposes Trading executed in simulation cannot accurately represent realistic trading performance risk disclosure trading futures equities and digital currencies involves a substantial risk of loss Loss and it's 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 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 Let's see here. Good morning, Homera. Good morning, David And Let's see guessing. This is irrelevant to ES traders. Yeah, unless Fausto is gonna go over some of the indexes. I don't know And introduction to Fausto He's the CEO of a cyber training University and one of the so's bandits back in the day in the 1990s And then after semi retiring as a successful trader in his early 20s Fausto developed his own trading school and Fausto is also a 12-time champion of the money show a trader's challenge is known for his live trading events Where he gets to prove how well his trading methods work in real time? and Here is Fausto's contact information gave his website Twitter YouTube email and his book map affiliate link There's some deals here that you can get from book map from Fausto. They're longer term deals I also need to let you know that for anyone who's a first-time Bookmap user here There is a special deal for 50% off on book map for just the first month We're gonna offer this also next week But for those of you who are coming to these webinars now, and you want to get up and running now with book map I've got a coupon code for you. Okay, so you can get that deal right now as well So I'll be putting that into the chat so To get to the chat in in book map in go-to webinar On the go-to webinar window there click on the view and you should see chat and put a check mark there And you should be good to go All right, so without further ado, let me turn it over to Fausto Thanks for sharing that let me just share my screen. Hold on one second everybody Hold on oops wrong screen. Here we go All right. So, um, welcome everybody. Look at me a little chat back of where we can hear me loud and clear Good. Good to see you all. All right. Good to see you. I'm an aura. Good to see you. Dave. All right, Peter It looks like we anybody here student of cyber train University. Just out of curiosity. Just give me a yes or no Or just say student So I know yes between student and yes David good to see you. Alan. No All right. William. Good to see you all. All right. Good. Good. Good I'm very good to see you all. All right guys. So um, anyway, Bruce, thanks for having me and let me tell you something guys uh I'm just gonna let you know I've been doing this for 25 years and I do not use any indicators I do not teach support and resistance I do not um Use any Tool other than book map Now some of you probably fall off your chair and like wait a minute. I don't get it Do you mean like you don't use any indicate? No, listen, I am one of the like Bruce was just telling you I am one of the original sews band is that started back in the early 90s And you know, and I I helped develop today's ecns. I helped develop the high frequency trade market I talked I teach about um dark pools everything that you see what goes on now I have taught and trained And uh, hold on a second. Let me just do something else here Just want to see if my webcam's working. All right, there you go Just want to get the webcam up and run so you guys can see what got going on here Always feel always feel sex more personal when you have your your webcam up and running. So anyway, um, there What I do teach is basically what makes stocks go up and go down Is buyers and sellers? That's it You can't have a support level Unless you have buyers you can't have resistance levels Unless you have sellers and the book map tool is probably, you know, when I was originally introduced this thing I'm like, are you kidding me? This thing does everything that I was trying to build because I wanted to build something like a book map But I'm not a programmer. I'm just a trader and you and what and I was first taught this I mean, I tell everybody it's I've been told Bruce I kid around with him I'm like, do me a favor. Don't bother me this garbage. I always see this people come all the time If it's not vector vest if it's not TC 2000 if it's not and I don't want to bash any other companies because I do a lot of business with them When I saw this I'm like, my god, this is the best thing since sliced bread. This is like teaching it all over again now I'm gonna get I'm gonna do a couple of trades. I'm gonna show you because today was actually a great day of trading We were trading a stock. Um, it's gonna bring one up right here I'm gonna show you the stock right here that we were trading And I'm just gonna bring up the chart so you guys can see it So this stock right here was probably was a great stock that we were trading cris if everyone can see it This stock had a great pre-market started a dollar this morning It ran to eight dollars for crying out loud. It was a great winner. It had great book map support resistance levels I'm gonna show it to you. I'm gonna show you how the stock broke out But for me to get into and talk about this You bring up book map right here. There we go For me to tell you all the great things. Oh, sorry about that's five serve. Okay. There we go this one right here For me to go in and talk about everything about, you know What the book map does and how I utilize it and how I cannot live without this thing I'm just gonna tell you point blank I used to trade on something called level two and level two is obviously it's obsolete today When I got into the industry, okay I live here in New York just like bruce does This is the financial capital of the world, you know, just as bruce knows and everybody else knows Bruce actually used to watch me at the traders expose competing against people But I did not have book map back then but what I did have is something called nasdaq total view Now does anybody here know what nasdaq total view is? Anybody know what nasdaq total view is the ecn's I'll show it to you the difference. I'm gonna bring them up Matt don't you don't know what it is david. You don't know what it is Okay, so I listen like I teach a lot of uh, I do a lot of charity work I teach a lot of nfl players how to trade today's markets because they blow up their accounts Um, you know, they don't know finance. Um, I actually also now starting to teach People in prison because when they come out, uh, it's a charity that I do to help Prison reform to help people understand the financial market so they can get out and they can maybe trade the market Do something so I do a lot of charity work when it comes to that and the reason why I bring that up is that um, I don't know how advanced some of you are i'm actually going to ask you that question but A lot and I also teach a lot of kids how to trade in schools And the big thing you have to understand is what am I looking at? What is this data? You know what the first thing you always ask me they said teach me how to make money Teach me how to make money and I'm like I can't teach you how to make money Unless you know what the what the thing what you're looking at. What is it actually doing? What is the data you're looking at? Some people don't even know what a stock is some people don't even know What the bid and offer is? It's crazy and sometimes I have to go back to kindergarten And remind myself that some people just don't want to listen to you to like I don't want to hear anything But I'm like listen, how do you know what you're looking at and I'll tell you why I'm bringing this up And I don't I don't want to waste too much time on it because it all has to do how Bookmap became what it is today and why it's going to be in my opinion the most powerful tool in today's in today's toolbox of a trader Um, I'm gonna bring up. I'm gonna bring up NASDAQ total view and then we're gonna go into book map. I'm gonna show you I'm gonna show you what I mean by this All right, so let me bring this up over here all right Uh I X out if I accident Oops I'm just gonna go I'm gonna go to NASDAQ's website. Okay. I'm gonna bring up. Um, I'm gonna log in Oh great wrong password Would they change it on me? I have my staff that uses it. Hold on one second. Let me just get it. Sorry about that Okay, so the reason why I'm getting time I'll get up and running. I'm just gonna get it for my staff But the reason why I'm bringing this up is this um back then To be a to be everybody wants to get into trading business and it was like To do it to buy that data was $10,000. I mean, I'm sorry $1,000 and we used to call it incident Does anybody know what incident machine is? Well, thank you very much David. I appreciate that. Thank you for saying that um Anybody know what that is anybody? Okay. So would you do that? I mean a thousand dollars. Oh, okay. Hold on. Here it is Here it is. Okay He's got my password. Okay. There. Yeah. All right You saved my password. I'm gonna click over here And I'm gonna launch this thing. It's a java based. It's right there Now if you go to Uh ctu Dot co That's our abbreviation of cyber trade university Uh on our home page If you ever want to get a chance Is an event we're doing on thursday, but right here there's a video I'm gonna use you to a regular a regular guest on nasdaq If you've ever gone to the nasdaq center where they ring the bell. I actually They they the the people that hosted there were flipping out when they saw me talking about nasdaq told of you They begged me says fowster you got to come and you got to teach the people how to trade on nasdaq book viewer Because it is so critical because this is how the exchange actually works, right? And if you all watch that video, they're at nine. They're at nine minutes long I'm there. What was there like every month talking about it. I haven't been back because obviously with cova We've been shut down the reason why i'm going into this and onto the book map is i'll tell you why Okay, so we're gonna look at uh nasdaq total view now Does anybody know what an ecn is? Say yes or no an ecn will you me don't okay User yes a couple it metone says no we got a couple of yeses phil does right um Jason does don does come on guys. How many people in here almost a hundred over 100 don't be shy Yes or no, okay good. So for some of you don't know what it means It's basically what it means is it's an electronic communication network I was actually one of the developers and the beta testers because they had to come to day traders So's banners to build this data. So basically allows you to become a market maker Okay, and an ecn basically is the abbreviation of electronic communication network So you can actually go out there and post bids and offers This is the tool that they use now there are Roughly about five ecns out there. There's archipelago There's nasdaq. There's edgx. There's a few of them now What we're looking at is one book That is on nas which is on uh book map. Okay, so book map has you could have um I think there's an edgx and there's nasdaq. So you're not just watching one book you're watching There's more than it's it you're aggregating more than one book that's out there So we're looking at it. What's going on now The thing is this the way I was trained and the way I was sold back then I had to pay $1,000 a month This is 25 years ago. Tell a 22 year old kid. Hey You got $1,000 we'll let you you could actually learn how to trade and you know, it's so funny When I do events today and I ask people that they're like, I'm not paying $1,000. I'm like That's why that's why most people fail You think everything is free, you know, I tell people listen if you're looking for a free ipad a free car A free uh iphone you're in the wrong business. Okay. I'm not I'm not here to give away free gifts And if anyone gives you a free gift why you need listen go out buy it on your own, right? Um, what what what what what are you getting for that? Go out there and and earn it and you know what? You'll appreciate it more. That's what I was always trained, but you got to spend money To trade. Okay. You don't think it's free in this world So when you look at the book map people also look at it. They're like, it's not it's not cheap Listen, it's not expensive either. I paid a thousand dollars just to look at one book Now you're looking at a tool that's not only giving you one book and it's aggregating But it has A platform that's making it so great. Okay Uh that shows you how to use the tools and how to how to how to use it now I'm going to show you both of them because I'm going to show you how I trade on it So don't mind me taking a step back and get a little beginner-ish. I'm sorry if I do that But I always find that There are people who know how to trade but people just don't understand like Well, why is it going up? What what what is it? What what is it? What does that mean? Like what does that really mean? And I I almost guarantee that if I gave you guys a test Here and I'm going to invite every one of you to come to my trading room I want to show you how to do it, but I gave everyone a test. Okay. How advanced are you are? I bet 60 of you will fail the test Okay, if I just ask you beginner questions and to be a good trader You have to you have to be What they call This is how I was also told for my mentor anybody watch our car racing Anybody watch car racing? Like a formula one or stock car or anything else. Okay, so to be a good car racer You got to be a good mechanic, right? You got to understand how the car works You got to know the function out. You got to know what an engine is some people Like could you imagine someone like ask ask anybody have kids ask your kids How does an engine work in a car? So and then you're looking at like god, but this kid gets stuck on the street How the hell is he gonna know what's going on? Where's the engine? I bet you don't even know how to open a damn hood. How about that? I like I never opened it up before So, I mean, but you got to know if you want to be very good now driving a car is one thing Racing is a totally different ballgame So trading is the same thing. So when you look at it, it's not just looking at the tool You got to look at it. Okay. What exactly is it telling me and why is it telling me that? So I know that I trust it. Okay. So if you remember a lot of you probably fell off your chair and be like, wait I'm a fowster. You don't use indicators. Well, I'll tell you why I don't use indicators because indicators are laggers And I'm not a leager. I'm a leader and I trade with leading tools and that's what the book map does It tells me what's going on in the future. I don't care about the past Okay, that is for people that want to sound good that want to sell some type of, you know Different indicator and writing a lot of good books where you want to focus on is the future Okay, and you don't want to focus on a support level in the resistance level Because a support level in the resistance levels get broken And why did it get broken because the buyer got out of it and got and lost it? So What I'm going to do is and um, you know what I usually do just to let you know As when I start teaching when I if you're new to cyber train versatility, I know a lot of you here being, um You know David you're an f1 trader. You're probably looking behind me. I don't know if you notice behind me, but you see that We actually sponsored the uh, the ferrari team and I was I met michael schumacher Dozens of times give me so many nice autographs But um, those were the good old days back then when formula one was fun not not to get off the subject But uh, Regarding about what we're looking at right here when I teach a beginner I start off teaching with nasdaq book viewer because they don't understand the concept of direct access They don't understand that they could see their order out there placing an order out there book map I tell them, you know, like I call nasdaq book viewer level three Uh, I came up with the word on book map. I call it level four So people like because you know, it's just an easier thing to think of so when you think of like level You think of level two and level two has been outdated since the 90s like I talked about and it's free So when I tell people well, there's something called level three It's kind of easier kind of like eases into it to kind of understand that there's another level And then when they hear about level four, they're like, what the hell is level if this is level three What the hell is level four? So the book map to me if anyone ever hears it. I call that my level four. Okay So i'm gonna just sort of bring up uh, i'm gonna look at this stock right here I'm gonna and then I'm gonna go to book map. I'm gonna show you how I use it And I'm going to show you some stocks that we traded today how unbelievable precise and how important it helped us focus on Taking profits and taking losses because you know, that's the biggest thing most people have a problem with They don't know how to You know They don't worry about the winners We don't teach people how to make money. We teach you how to stop losing it and that's what's great about So let me get right into it. Sorry mom chatting away, but um, let me bring up my platform here So i'm just going to bring up a stock that we were looking at. Uh, where did you go? There's the book map. There's power point Did I x out of it? Oh, here it is. Okay. So here's our platform And we'll look at the stock right here c-r-i-s. Okay, let me move this over to the side And i'm going to bring up c r-i-s here, okay Now um, the way you clean this up is this because right now this is kind of like not what's supposed to look I want to aggregate these orders And i'm going to customize these. Oh, they're customized. All right, they're fine. Perfect. Okay So what we're looking at here because this is going to explain how the book map how I utilize it You got the buyers on the left. Hold on. Let me get my crayons out here Okay, so you got the buyers on the left right here And you got the sellers on the right, okay Now the way nasdaq works is the negotiated system. So these are your orders These how many orders around the world that people are trading c-r-i-s This is the bid whoever wants to buy the stock is up here on top So you can see that there is a buyer of there's two orders out there that make up. Let me just Pause this because it's you know, I don't want to keep moving Okay, hopefully that worked Did it pause? Yeah. Okay. So You got the buyers right here You got the sellers on the right whoever wants to buy the stock for the most amount of money is up on top Whoever wants to sell their shares the least amount of money is up here And then you could just kind of just focus and you could if you look at the raw data You could basically see On the shares, which is the most important what you're looking for is something that I came up with this word about 20 years ago after watching the movie titanic. Actually the funny part is Book map is using the word now. It's called iceberg orders. Okay So we're looking for iceberg orders and iceberg order is a big block order A substantial amount of shares, which I kind of say which is about 10 to 20 times Of what the normal orders that are out there. So if you look down here, you could see 11,000 12,000 Versed, you know, it's a big difference than someone buying 2 300. Okay. So what we're looking for is big Iceberg orders. Okay. So that's we're looking at now What you're looking at right here on the nasdaq book is just the raw data of what's trading on nasdaq And it's showing you what everyone around the world is trading on nasdaq. The problem is You know, it moves very fast It's showing you what's out there now It doesn't tell you if the order is getting executed because there are other people always ask me and it's so funny If you ever come to join one of my free webinars people always come up to me and oh, what about the fake orders and you know, what about these, uh, you know, um Uh The flash crash whatever all that stuff or uh spoofing the other word spoofing, you know, so they talk about that But what you're looking at is the raw data Now I used to pay a thousand dollars a month for this data and guess what? Back back in 2000 back in 1995. I used to pay 20 dollars for to buy And 20 dollars to sell close to be 40 dollars a ticket Plus paying a thousand dollars a month and you know what I made money back then And it's so funny. You hear people like complaining like how do you make money? You know, like If you can't make money on a free ticket for crying out loud and I used to pay 20 dollars and pay a thousand dollars for software And you still came out. You know how you know how I did it Because to be a good trader also You have to surround yourself with good traders So that's another big mistake a lot of people make they get into trading they they they do it themselves and you know You got to surround yourself with people that trade just like you so just a little tip for all of you If you want to be a successful trader, I don't know how many of you here trade by yourself But you should be trading people that use book map Okay, it's not just watching you come and join these webinars whenever whenever book map poses them You got to be engaged. You got to be you know, like the education is is great and phenomenal But you got to play Sunday football, right? You could only watch tape for so long So you and you got to put your money where your mouth is and you got to learn from those mistakes So understanding what we're looking at here with level three and then we're going to hop over here with level four So now now by the way, we have any questions about this before I move forward Any questions a couple of people came in here. I think I've understand. Please show me how you lead the market Al we're going to get to that. Uh, do you know what the this thing really is? Uh Has a difference from the dome of you. We're going to get to Peter But does anyone have any questions about level three total view what we're looking at because this data is what's going to make Book map work, which is going to help us understand how I utilize the data Just give me a quick yes or no. Craig. You have no questions I'm always just trying to just cross my t's and dot my i's because I don't want to be more advanced than some people are I know not everyone here is a book map subscriber And I don't think a lot of you some of you don't even know how the system really is getting its data from And I think you really need to understand that because then it makes you appreciate why you need the software and why we're using And that's what I'll be honest. I can't trade without it. Okay All right. Good. All right. So no questions. So let me go out there and then let me go back to the book map Okay, let me change this over here. Okay. So now we're looking at The stock symbol cris by the way, did anybody trade cr cris this morning? Yes, uh, john question. John has a question a book uh, is book viewers show the same number of orders on the um Is book uh book map show probably what you're saying book map has shown the same amount on book viewer Yes, but more because it's only showing you Remember, this is I'm only showing you one book Um book map is showing you other ECNs out there. It's showing you nasdaq. It's also showing you edgx It's not showing you arc any other ones, but it's showing you more than enough what you really need. Okay So some of you trade no one's sort. Wow. Okay So anyway, just to tell you the style of what we do here at cyber trade university And how I found this stock and why we trade this stock I'll even um, I just want to bring up my uh trading room And show you this uh So here's our trading room Am I playing hold on okay there? I'm sorry about that Uh erase all so here's our trading room and you're right here is uh all our traders Just chatting away You know here's some of our instructors are in there and the reason why I'm bringing you this here is I want to click on Um Announcements, so you can see right here We had a pre-market announcement around seven uh 744 and you can see right here You see the biggest stock mover up here I just want to make sure that you guys don't think like oh you just found the stock and you You're trying to piggyback off it because it's up so big now We we started trading the stock uh those three stocks out of moving this morning And we started trading at 744 and then what happens at 9 a.m I do a live broadcast which every one of you are going to be invited to come and join me in this trading room Um at the end of this presentation. I'll tell you how you get into it But you could see here's a couple of stocks that we traded that we're going into the afternoon You could see cris was also the top of that list Now i'm going to come over here. I'm going to bring back the stock and I want to show you how I utilize it Okay, so i'm going to basically um move it out of here And you could see that book map The way it works is that it's showing you And let me bring this back up here, okay So book map is showing you these orders that are out there So what you're looking at right here are these big red orders right here Are what are what we call those are the big block orders. So as you're looking at Here on nasdaq book viewer You're just you know, like here you it's only dropping down to 30. It can make it longer make 120 But it's showing you um all these orders out there. Let me let me let me take a step back really quick. Let me just show what I mean Like you see right here, there's an iceberg order for 7 000 uh for 90 000 share at seven dollars. Okay, if I go on nasdaq And I look at seven You see right here. It says 50 000. Everybody see that right there right there at seven and then at uh, and then at 6 99 is 18 000 So that's 68 000 so Does that make sense? Why is it showing? 68 000 but meanwhile is 88 000 on that on on uh book map because once again, you're only seeing Those orders on you know on on nasdaq. You're not looking at the rest of the street now Look at the other ecn. So that's aggregated. So it's showing you more So my point is this the reason why I'm showing you this is that I want you to look at it people like Oh, do I need archipelago? Do I need um, you know, what's the other ones that people always use? uh, do I need uh Eix or do I need a b a b y z z? You know what they pretty much Or you know, those are really two most popular ones out there. Okay, so you don't need to have every it's nice But you know, you know, that's more than enough So anyway getting back to this Is that when you're looking at right here? Is you need to follow the money? Okay, you need to follow the money now when I go back to my Execution system once again no indicators Not that's not one What you're seeing is just a typical bar chart. That's it now When you look right here You could see that You have these big iceberg orders and you see how you have the green and the red ball So the green means those are buys reds are cells Okay, so as a trader I'm always looking to find on the book map. Where are those big block orders? Where where are those orders being prepared like right now? We're coming up. Let me zoom in over here. You could see right now that we are getting close to a big iceberg order right around here around eight at uh 680 You could see just added to his order and then you also could see that there's another big order right here About 80,000 which we just talked about seven dollars. Okay Now when I go over here on this chart Bring this chart over here and I click on seven You could see right around here right around was at 940 Seven was a resistance levels And it didn't and it had a tough time breaking it It came from seven and dropped all the way back down close to about You know 625 now. That's a big hit. Okay. Here you are you trade the stock You you bought the stock at five the stock within less than 10 minutes. You're up at seven you count your chickens You're like i'm so excited, but you have one problem You didn't know that there was a big order out there. Okay, but You know what i'm just gonna i'm just just for just for for giggles Uh, man a moving average sarcastic an rsi A bolager band can't forget mr. Bolinger How about a mac d you guys read mac d's we'll throw that in there. All right, so when you throw all that stuff together and you look at this Watch the book map across what the hell is this telling me? I know some of you probably can answer that but by the time I figure that out I'm gonna miss this big iceberg order right here. I would just rather just look at this guy That's right there from seven. That's about it And you could see it Right there at seven You know When I go back You could see him right there. He was uh He was there got hit came back You know Got hit But it finally broke it now my question to you is this How do we know If that seller got executed Can anyone answer that question? How do we know that it's not a uh You know a fake order or a cancel. How do we know that? Let's see if you guys can answer that question Just look at the answer Time and sales could everybody write t and s in here, please write t and s time and sales so I don't know about you, but just get me dizzy I can't look at this anymore the thousand defaults. Okay, I'm just gonna go back to my normal chart oops That's not normal That's even worse. What the hell happened. Hold on hold on second something happened here. Let me just share something else Hold on one second. I xed out of it by accident I'm not the hold on one second Where am I there I am Oh, okay. I'm back. There we go. Okay, so So surprise that you're uh You don't appreciate the spaghetti on your screen jason is saying You know what jason at the end of the day. I mean you just gotta remember they're just like listen I don't want to knock indicators because I know there's some really good people that do like it and they'll look at me Like what you're talking about it does work for investing because you know, you have time You have to think about it does work for swing trading, but it does not work for day trading. So i'm a day trader I like to sleep at night. I do swing trading. First of all, I don't even know how you swing trade If you know what happens over the course of the day, but I like to day trade. I just focus on making my days pay Um, you know the stock cris. I have no idea what it does. I don't know why it's up I honestly really don't care. Okay, and I wouldn't be here right now And if I didn't trade this morning and made my days pay. Okay, so that's why a lot of people like day trading It's a very part-time job. You just make your days pay and that's it But anyway getting back to the cris when you look at it Um It's all about seeing if those orders get executed and seeing if those iceberg orders get executed Now i'm going to bring up another stock. I want to bring up another stock that we traded which also is actually a really crazy moving stock What was it? It was oh five serve. Okay, so this one is awesome. Okay. I'm going to bring this one up You see this you see this right here five serve now. Does everybody know anybody know what the story about five serve is No, I don't fill up. I do not use fibs. No, I don't absolutely not I follow the money. That's it. I'm not an analyst I don't pretend to be Technical analysis paralysis. That's it. Okay, peter. Yes. It's the vaccine. Okay, so I've been watching Um The this five serve all day. Okay Whatever's in the news, that's what I like to trade like to trade things that have action as volume as movement Okay, so here you look at five serve. They got the vaccine. They're doing great. It's a cheap stock It's like mandora, you know, you're not trading 180 all stock But if you look right here the stock started this morning And it ran up and it hit a hit an iceberg order at 42 dollars. Okay Why did it go down at 42 because there was a huge seller out there? It's not because mr. Bulger banned said it because there was a seller out there and the conversation Okay, you can sip. Oh, they got the vaccine. They got that. I don't care what you think I don't care it. Listen my analyst my my my mentors frank for on love forget. He always told me On the second day on the job. He says foul still if you think you know something about the stock market You better walk out the door because you're gonna lose all our money because you're trading our money He says you follow that guy. Whatever he does you do. So I'm that's what basically what I preach So it was a big seller out there right around there around around, uh, what was that 940 Hit 40 dollars came right back down to 41, uh, 41 50 And you think about how many times have you bought a stock and you get so ticked off When you're trading like why didn't thing go down and every everything looked like a perfect storm It was going up. It was great and I lose money. How is that even happen? Well easily that seller was there He was selling it like it or not unless you're gonna take him out. It's done now That at that time was about who's that 60 000 shares? Okay Okay, so I want you to look at this number right here very important That was 60 000 shares at 940 now watch when I'm gonna blow the substance a little bit bigger So as I move over look over there where it says the ask everybody see that It says what we went from 40 50 80 400 400 000 shares are looking to be sold at 42 Do you want to own a stock? There's 400 000 shares sitting at 42. I don't think so. Okay. Guess what it gets even worse Okay, so the guy goes in there. He's in he's out and it's not even 400 000 if I zoom in it's it's it's between 41 97 and 42 so that's why those colors a little bit thicker you could see the big guys in the middle So it was literally when you got over here. There was literally over 700 1000 shares looking to be sold Okay Why in the world would you even want to buy own a stock with 700 000 shares on the offer? Okay That is a beyond iceberg order now What happened Stocks have 42 25 That's still I don't understand. There was a big seller out there. Oh You didn't think someone could buy that share. You don't think someone could execute You didn't think someone could cancel the order Okay, my eyes were on that share and let me tell you something if I wasn't teaching this class if I was just You know doing this event. I probably would have bought I would have definitely bought that stock So this is what we call a break out. Okay a break out means that There was a big seller it hit resistance and it basically executed the guy now I'm going to ask this question again. How do we know that seller got executed? How do we know that that seller got executed or you listen he could cancel it too by the way? How do we know? Time and sales very good. This is the window right here This window right here time and sales Green means transactions on the ask red means transactions on a bid yellow means trades going over over the over the ask purple means they're below the bid So there you go. I mean the stock is obviously trading a lot of shares and it's moving pretty quickly Some platforms you could you could Customize the time and sales to kind of show you every single order I kind of like, you know, I have like two different time and sales one that shows thousands one shows hundreds Obviously the thousands actually is a little more controllable, but It's this window right there that the chart gets his data from So when you want to know how a chart moves it gets it from time and sales So by seeing that and seeing that seller out there when he was sitting there at 42 And then you're looking at that time and sales and you're seeing You know green green green green green green green and you start seeing right here That 42 because this is what I do. I watch that number getting hit getting hit getting hit getting hit and like Holy crap somebody just bought 50 000 and that number keeps dropping. What do you think is going to happen? Okay So why would you even question the stock but don't come back and tell me? Oh, it's going up because they have the vaccine Okay, I get it. You know, you have you know, you have a story behind it, but it's all about trading because Fiserv cruise cgi x chewy Tesla they all trade exactly the same the reason why I like this one the best Is because this was like the most obvious one Okay, and I'm glad. I mean when you look at this stock, right? Look how predominant of an iceberg there are and when I look at stris Does it look as clean you got some support resistance levels that you could see it like It's not as Obvious as this one You understand So that's why when you trade today's when you use the book map when I use it I always go out and by the way the stock is breaking out. Anyway, by the way, is Is there any other sellers out there? You got you got one seller not nothing great You got one seller here to add up 183 at 42 What is that 42 50 so? If I had a game plan, I probably game plan would be that's where I'd be selling it By the way, let me teach you a little trick don't ever ever ever ever Sell stocks that end in zeros and fives because that's the dumbest You know, you know, uh image not immature, but uh ignorant Uneducated trader would ever do because they don't know any better Everyone else is out there selling it at bring it. Could I get it? Can I get that number? That guy's probably out there selling it at 42 50 It's only showing you by doubles Yeah, see there we go see that Teach you a little lesson you cut the line by 180,000 points if you just went just a penny below that Duh, I didn't even know that you ever you ever go to the store and you see oh seven ninety nine That's way just always remember fast always taught me always think about buying or something in the store 799 899 because you just cut the line by 164,000 point because remember that guy was there before you so you last on the list You just cut the line by 163,000 points. Uh, could you also look at palmer? Yes. Okay. We'll look at palmer. We've been trading that stock Milton and um The problem with that stock. It's pretty damn volatile. So I just want to give you a heads up on that. All right So let me bring it up for you pl tr So pl tr. So what do you want to know about it? Milton? What is what is your question? Neo also we've been trading has been a very active stock Okay What do you want to know about the liquidity there's 67,000 shares being traded? It's got great liquidity. Okay It's not one of these stocks only trading with like, you know under a million shares great liquidity Now if you want me to look at and tell you what my game plan is the most important thing I have to ask you Is this are you day trading it or are you swing trading it? Okay Are you day trading or swing trading? You're day trading it. Okay. So does that mean you own the stock right now? Why we speak? or You know, or you add of it Because all these things are relative. Okay. Good. So you're out of it. All right. Good So I want to bring it up and you know, obviously the data's got to laid up. Uh, it has to load up on it Uh, no, you can't actually I don't think so. Uh, jeff went out. So looking at it right here you could see that the pltr took a Very big hit You know in a way when it uh, when they hit right around here 29 50 you could see the order was out there And he never got executed and then not only that the guy added to his order And he's still out there. I mean it's nothing substantial. It's only 22,000. It's not like we saw the 700,000 in visor But pltr, you could see the guys out there and then what happens is going to get a little heads up To something that's pretty normal. You see how the you see how the darkness dwindles down What I my assumption of that is because maybe the guy says, you know what the stock's already down here at 27 50 29 50 is out of the mic. Let me lower my offer. You probably dropped down and added down here to 29 fit 20 29 That's why that color is getting thinner and you could see how it gets darker down here Um, maybe somebody else came in there and put it out there, but you could see right here when we're looking at it There's uh, you see that green ball the guy just got executed. There was a little bit of an iceberg order out here The guy just got executed. So just want to let you know What makes the stock go what's going to prevent the stock from going higher is the next iceberg order out there So if you were looking at this stock right here, I would probably project I would not I would sell it at 29 9 between 29 95 to 29 99 don't go out there 29 you could see all the amateurs and the people that don't know how to trade Already got their dumb orders out there and remember you want to cut that line That penny's not going to change your life. Okay, but you want to get it. You want to get out before that. All right uh Any other questions Those the c o b are the actual orders that are out there Those are the actual orders that are out there Uh, the one next to it tells you, you know, if those orders got executed Uh, basically it just tells you the colors between the reds and the greens All right As in, you know, as it expands with the orders that are out there. All right Now any other questions i'm gonna i'm gonna bring up a chart because what was done here All right, and uh, I can't believe where time goes so I just let you know what what I do as a day trader and what do I teach my trades and by the way It's just not me here at cyber trade university. We've got several instructors We got uh, we have a big corporate office here on long island new york Uh, we take customer service very very seriously because I actually the way I was trained and what I do It's not I don't teach people how to trade. I'm looking I teach people how to trade with me. Remember trading really just cover his expenses Um, I'm looking what I do is when I train my traders I'm making part of my group and we trade together as a team So the way our style of trading here at cyber trade university is I don't care what I trade I just want to trade something that's going to give me the least amount of risk with the high amount of reward Um, I try to see I try to stick with less expensive stocks because you're dealing with less experienced market makers on the street because I know them because they live all my town Less less capital so you don't need a lot of money to do it And um, they've actually moved the best too. So I go through the top gainers. I find the stock you could see cris This was taken this morning, you know Stock was up 560. I mean you can look at the stock. I really so it went to almost, you know, almost hit eight And the game plan of trading is just just follow the money follow the trend No, where the strengths are where the big orders are Looking at the book map seeing where those icebergs are having a game plan at at all times And working with my traders So we all know that when we make money together we do it together when we lose together At least we're losing and everyone minimize it because we all know hey, we're all getting out That means everybody else is getting out But when you look at this stock, it's all about having the platform set up properly You know, and if you're new to this, I know it has a lot more bells and whistles I don't want to get into great detail about it But you know, if you keep it simple and you understand How it's working like how I explain where it gets its data from By it's getting its data and it's showing you you're having that You know that you're seeing those orders and you're seeing if they're getting executed By knowing if those orders are getting executed It's also going to give you that game plan to say oh look big guys just came out here at 560 You know and seeing if it's gonna, you know, that guy's going to get executed and knowing he gets executed That's why the stock goes up to seven and you can see the orders are going there because remember Traders are always looking to take a profit You're always trying to make money. You don't ever go out there and try to hit home runs You just try to get base hits, but you got to have a game plan and the book map the way I use it Is looking for those iceberg orders when they popped up there and see if they're getting hit or not That's all it is remember. It's not It's not a It's it's a software. It's not a tool. I think prices Bruce says at all time. It's not an indicator. Okay. That's why I like it. It's a software It's like your execution. It's not, you know, it's a software But having and knowing where those game plans are I just want to reiterate and seeing those orders get executed This is how you have a game plan guy gets executed. Guess what? It's going to test the next guy breaks out It's going to go to the next guy hits that guy. Boom. It's going to go to the next guy So you always know where and you could see the stock moves in 50 cent intervals You always need to know where those orders are. All right, so With that said I'm going to I'm going to answer a couple of questions But before we do that just to let you know Traders I've been doing this for many years. I love what I do But I hate seeing people lose money I've been showcased on some of the biggest brokerage firms were endorsed by the biggest brokerage firms in the industry We've been endorsed by more brokerage firms in any school in the industry because believe me they look And they see what we do. They watch our traders, but the thing is they don't want to lose you I know that I just uh, basically made a connection with trade station with book map You're going to be able to use the book map platform on the trade station. So it's awesome It basically has a plug-in. So it does that so you don't always need to have the platform to run You can run it on separate platforms. I know they're also working with thinkorswim also So anyway, this is what I like to do I know we have a lot of day traders here I know I have a lot of students here I want to invite you guys all to come and see me use it live in the real mark conditions I only have X amount of time to kind of show you I can't teach how to make a lot of money is trading I could only teach you enough to be dangerous But if you want to come, you know, please come join my room I'll give you the link and you know, you could see these traders. You can see how we use book map I want you to I want to invite you for a week. Um I don't know if you know this but the book map works in pre-market. It works great and I do most of my trades in in the pre-market So when I'm out there, you can see what we're looking at on how we use that platform and how we buy it and sell it And how we use it in today's today's trading Um, I don't really ask for a lot of money. I'm not looking to make money on anybody All I'm asking is that if you're really interested, we only ask for a application fee of nine dollars I'll give you the link if you just want to come in and just sample it come in for the week See what we do. Um, I'll give you you'd be able to talk to our staff You'll be able to talk to me personally You'll be able to and I'm talking over the phone. I'm not talking in a chat I'll give you a crash course on how I use book map in more detail And also on a day trading and like I said, it's only for nine dollars It only just tells me if you're a real person or not I'm looking for serious traders and I'll post that link for you now I got a couple of minutes. Does anyone have any questions? You know about what I talked about I'm sorry. I keep talking but I'm almost out of breath actually Any questions? Can you buy lifetime dex feed? I mean, I guess that's questions for Bruce The link to actually register for it. Absolutely. Let me get it for you ctu.co I'm gonna click on our trading trial day trading trial right here So all you got to do is just click on this link right there. All right There we go. We got that out of the way Any other questions any other questions? So When you want to start you could just start, you know start on Monday, I usually start right away I mean, it's only you know, Tuesday start tomorrow try to get in there again the trading room Listen, if you're using it right now, why not use it? And you know what if you're not using it the book map yet And you're still not sold on it. I get it Why don't you watch professionals how we use it every day? And then you'll see how important it is. Let me just tell you something If you're somebody that is looking for free stuff and like I don't understand what's the difference like if you just don't get it Then I get it That means you don't get trading and you shouldn't be trading and please I tell everybody Don't mind sometimes I'm very brash for my traders But I'm only doing it because I hate to see people lose money. I've been doing this for years I've trained hundreds of thousands of people. There are several schools out there that are my students You know that are out there and we're very excited and hopefully you could be one But you're going to need to know that to use this platform you have to trade with people And you got to learn how to trade how to use it And you know without it. It just makes it more makes it more difficult. So stop You know, you know Worrying about what happened in the past Start buying a platform and using it to help you for the future And a lot of people didn't know they're like, wow, there's something out there. Yeah, it's staring you right in the face So use it A couple of questions. Is it only stocks and futures that you trade? I only personally trade stocks Okay, I'm not I know bookmaps got some great futures traders in here That use it and they're sold on it. Actually, I believe it or not. I was shocked. I didn't even know I thought there was only data was only good on nas on nasdaq on the stock market But if you're a futures trader, great, by the way, I also want to point out that if you are a futures trader I tell everybody this If you're not making money within 30 to 60 days, it's okay to try something different I mean, we all know it's going on cove. We're stuck at our homes, right? Why not anybody and you want to make this work? There's no job that pays you as much money as in the trading business But if you're doing something and you don't see it's really working out, that's okay Just come back and you know try something different worst thing that can happen. You might like it Well, David, thank you very much. I appreciate I just I just love I just love what I do I love I love making money and I love teaching people how to I love changing people's lives You know and not even their lives, but even their health You know, I teach a lot of people that just just keeps them going, you know mentally physically You know and you know financially so but you got to do it right or don't do it at all So with that said Everybody thank you for having me bruce. I know you live in new york not to find me brother So you please make sure to take care of yourself Um, I know we're going through a really tough time right now So everybody is no better place than being in a webinar Trading with people that enjoy what you're doing. So don't worry about it about the stimulus check I tell everyone you can keep that stimulus check. Give it to somebody else that really needs it Okay, we do great just in trading But to be a good trader you have to surround yourself good traders You need to know how to speak the language So go out there take a couple events with certain people. I know bruce has some great presenters here Sample a little bit of everybody's stuff. See what you you adapt to Try it out, but I'm just telling you right now if you're gonna do it you're gonna have to go all in You know trading is a lot of work and it's also not cheap. Okay, but it's not expensive It's not like paying 70,000 dollars go to college I like my son going to my son's going to Delaware and you believe he's doing webinar classes It's paying the same amount of money, you know on a webinar then going in class. Would you believe it? so anyway At least it's cheaper than that. But anyway, thank you very much for having me guys be safe and hopefully get to see you all in our trading room and then And enjoy the video and also if you want to watch the webinar, I know it's being recorded. You can watch it again Thanks, everybody. Have a great day