 from everybody to the special event with the book map real excited to have you here thank you bruce for inviting me and my name's pro trader mike founder of mojo day trading it'll be a great hour of trading i can tell you that yeah let me let me give you a quick introduction mike and read the disclaimer and then uh... let you let you uh... uh... take it from there uh... so what we've done that uh... special event already with mike so entered that was a kind of inaugural uh... introduction uh... and kind of interview who mike is and and uh... so now you guys know uh... and uh... uh... anyway uh... just a recap here uh... founder and CEO of mojo day trading uh... pro mike has been a trader uh... has traded the markets for thirty years has educated thousands of traders from around the globe founded mojo day trading uh... with the simple idea of sharing his knowledge and passion for the stock market uh... with inspiring investors uh... i've got his uh... website and his twitter here i'll be putting that into the chat so you guys don't have to copy these down uh... and i need to read through the disclosures and then mike uh... you can uh... take it away here uh... general disclosure all book map 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 live trading executed in simulation cannot accurately represent realistic trading performance risk disclosure trading futures equities and digital currencies involve substantial risk of loss is not suitable for all investors an investor could potentially lose all or more than the initial investment risk cap 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 uh... and then with that said me uh... turn this over to mike and i've got your up and streaming mike so uh... have that is thanks bruce great intro book map super fantastic love very thankful i'm a part of this technology some of the things you can see me doing speak about is my trading routine and what i've been doing for thirty years if i can help you out with some golden nuggets of information and what i see in what i do that would be excellent to pay forward so the first thing is this towel this is my sweat towel it's an ojo golf towel it's pretty big it's when book map starts cook and your trading your hands wet mind you so this you know rather than getting sweat all over the keyboard i use this and you can see my screen right now i went to where a trade with a signal back here i'm gonna move the screen back a little bit right here and uh... this is just a perfect little view right here of the book map and how i use it i'm watching the nasdaq futures right now and it had come up from about right here you can see my circle and it came down into this little like you try to get here but you had this red line right here you could see it that's real support a lot of buyers on their bounce right off of that so my target is actually like you could see this lot not this line this would be like adding through here but i saw it through here the top of these candles right here this one and then this one what i do is i overlay my candlesticks over the dots is when you have a big volume dot you'll see it through the candle uh... as it broke out right here so you had a little dot little dot little dot little dot got a huge dot and this bar right here circle this bar was the break out bar right here and it went right through added up into this trade and let it ride about right here quarter of the profit on my trade right here is about half right here probably out of all of it then it went higher and i'm like oh wow look it's going higher which they usually do you not gonna hit the top of the bottom but as long as you're green on the trade that was an amazing trade that worked right there on the book map and what i do is my key figure was this eleven thousand nine hundred when it was down here at eleven thousand eight seventy i said you know if it breaks out and goes above it's gonna sequence up into what i call the even number par right here is like a magnet you can see the biggest bars on any chart and i'll show you the future coordination the futures coordinated with this just a race this the biggest bars on this chart are right here and right here and it's very consistent to that pattern so when it sets up right under the number and it could break up this is a trade you want to add up into the number and watch it break out above and if you do one or two of those during the day that's that's all you need really here's another one right here earlier in the day and you had the same scenario move back in time a little bit so it did it right here again for another trade so right here you have a align a ceiling that's going across it hit goes up and it hits it hits its head against that hits its head against that so you'd want to see when it goes through and this is the bar that did that so if you got in on that's what i look for again headed up into an even number which is one fat twelve thousand that's what this went up into and that's what i trade up eleven thousand nine hundred so the books map is showing me where the support and here's another set up so if you're watching this dips down look at the ceiling right here so this could be a break out move and the next bar is read so we'll see if it's a false break out still doing the same maybe if you added one or you got stopped out and reborn you still got back in the trade because what i do is let me show you how i trade so let's say you're in this box and you want to move higher and you're in one lot if it goes higher guys you're a hero congratulations you picked it went up every anyone can do that anyone can do that but what if it goes down i like to add up one more into it so i have two lots going up into the move higher take a note here when i do my first lot on the futures i'm doing the second lot as this stock sqq moves five cents higher as this stock moves five cents in either direction i'm gonna be a the adding to my long or adding to my short on my futures trade so i watch that stock i have book map up this is the level two on sqq which is the inverse of the nasdaq write this down as sqq rises in price the nasdaq will go lower if sqq drops in price the nasdaq will go higher so if you're able to foresee in that level two according to the movement of the price where it's going to and going from and play it you could see the moves minutes two seconds before they happen and that's what i use with book map i look at what the prices i confirm where the size is and i make the play so i'm not always right but here's how it works so i'm in this little zone right here and i take one lot just one if i'm right i'm gonna add up five cents in the right direction i'm gonna be in two and i'm gonna write out that trend anyone can do that now scenario two of the trade it goes down like it did right here so i'm taking number two on the dip and i'm not doing it a nickel away from the first price i'm gonna wait for ten cents i'm going to wait for a bigger move patients because i'm wrong so when i'm wrong and it goes the wrong way i make a deal with the trading gods i say look allow me to take one more lot i'm in the wrong direction but if you let me take it and it goes back to break even i won't lose on the trade i'm already in it i'll risk that so i make that deal if it goes lower after this right here any lower i'm out i'm stopped out i only have two and i just redo the trade i count the ten i see where it is and i just reprice it i was stopped out i'm wrong i redo the trade no harm no foul out of ten of these trades i look to be right eight times so if i'm wrong twice on these little ones it makes no big deal this rises back up like it did right in here i'm gonna break even on one of the lots i made that deal it went higher on the other lot so i could i even i i turned a loss into a win so there's three scenarios gonna happen you're gonna buy add it's gonna go higher you're gonna buy add lower and it's gonna go higher you're gonna break even on one and maximize the other it's gonna do one go lower for number two and then go lower again you're stopped out those are the three things that you need to have in your left right uppercut in order to trade correctly can't just sit there and jab with the right hand you gotta have the combination you gotta know what to do in all the scenarios and these kind of programs with book map solidify exactly what i'm looking at and what i see with my eyes and i act accordingly i use the numbers this thing went to eleven thousand nine hundred it's eleven thousand nine thirteen you're still in it it's going to nine sixteen their size right up here i'll show you how to read this so now if i have to make a decision right here on which way this is going to go from here i look at the sizes as a ten and eight a twelve fifteen sixteen is only forty six right here he's he's he's some decent size and let's see what's below twenty four there's really nothing of any kind of size below so it's weak to come back down here these numbers just show me how many people transacted at that price how many trades were each one of those prices so there's a majority of the trades right in here in the thousand and the fourteen a lot of the trading went off in here in this zone so that's how i'm able to look and start building patterns for myself with book map on what i see and what numbers it's going to do let me tell you something very very important i don't trade the charts i trade the price on where it's at example at eleven thousand nine hundred i was long to go through nine hundred to the upside if it goes past eleven thousand nine oh seven i wait till eleven if it touches eleven thousand nine eleven it touches through fourteen fourteen eleven it touches through a hundred one hundred dollars and eleven cents and it goes through that past ten it'll go to the twenty just from experience in journaling so i'll hold on like it's doing right now to eleven thousand nine twenty and i'll scale out take a little bit of profit right there and set my trail stop for like twelve so fit reverses back i've made a nice trade keeps on going higher i keep on pushing the trail stop up and what i do is i write in my journal what happened at the zero zero what happened at eleven thousand nine oh five when it went through if it's coming down from ten to five i'll journal in my job what happens when it's coming down from twenty to ten to five when is it wind up and stop recording patterns in my journal so i know across the whole dollar ladder what's gonna happen at forty eight cents at forty eight dollars at eleven thousand nine forty eight it's gonna go through fifty and rock it up higher that i know and i wait for that at eleven thousand nine hundred and ninety eight it's gonna go through twelve and i wait for the even number trades and you could see them in the chart they're usually the biggest bars in the chart are the biggest number trades and it's a very successful system that i've used to be more accurate on my trading here's the trade right here through eleven nine so if you go back on any stock or any futures here's the biggest bar in the biggest bar it's through eleven nine there's another one of these at eleven eight there's another two at eleven seven there's another two at eleven six there'll be another two i believe at twelve thousand twelve twelve one twelve two twelve three and if you want to play the little fifty marks in between those work pretty well also the reason why i do that bruce and everybody else listen carefully because the longer i studied charts the more i convinced myself with my technicals that it's going in that direction that i spent and the longer i spent time looking at the chart we're going to a forum and asking someone else about the chart the more i was stuck in it if it went in the wrong direction because it's hard for us traders to accept we're wrong and when you study a chart the longer you look at it the more you convince yourself you're right it's just another trade your trade for tomorrow and you don't ruin yourself on a trade that you think you're an analyst on i don't like to be wrong i don't like to be uh... so bullish i don't like to be bearish i just like to be right so i'm not going to tell you at eleven wherever it is now i probably gamble at eleven thousand nine fifteen telling you where it's gonna go but at eleven thousand nine ninety eight eleven thousand eight ninety eight i could pretty much push my chips in and say hey i'm riding it through the even number and it'll pretty much do that a very high percentage of the time and that's how i trade i sit i wait for my setup i make my trade aggressively like i have pocket aces in poker and i push my chips in when i do and i'm convinced with positive expectancy that hey that bar is going to go through that even number and it started just underneath it so we can look at some stocks like they do the same thing let's go to my dx feed and let's look up the the apple and look what happened to apple so you're gonna see the biggest bars on this chart are through the even numbers let's go down here to the first one a little bit back ago so here's apple and here's one fifty six right here here's one fifty seven right hasn't gone to one fifty seven how about the fifty number here's the fifty so the biggest bars are through the many fifty number on the whole entire thing and the biggest bar here is approaching it that's just how if there was a up here one fifty seven look at the size fourteen thousand is like a huge huge see this bar coming across there's a huge amount of shares here if it approached one fifty six ninety six and there was a green it would go right through no matter how much you think it's up that's the number they're sitting there for liquidity tell you how the markets work a lot of big firms when you have a lot of shares they do what's called rebate trading you either add liquidity or remove liquidity from the stock market when you are a large institution transacting large amounts of shares of apple and you're sitting on the ask with a hundred and forty four thousand shares if you wanted to sell those shares and do a market order at the bid the exchange would charge you money it would cost you money to do that it would be a big old you do that all day long is a lot of fees it's called removing liquidity from the market you're selling it right on the bid as a market order however if you sit up on the ask and you sell your position on the ask as a limit order you're adding liquidity to the market the exchange actually pays you for that so when you see large amounts of shares higher or lower the market makers are sitting there to get their rebates and they're gonna move the market to those numbers when i first started trading thirty years ago they would call each other on the phone and say i have a hundred and forty four thousand shares to sell at one fifty seven do you have a buyer they're like sure i do i'm gonna give me fifteen minutes i'll put you up and then it's like transit now there's no phones it's like computerized so they sit there with a certain number they could make the number anything they want and the market makers know what the numbers mean so that one forty four four thirty one or four oh one would be significant there's a four one one in there that means news may be pending we need to get in or if that number was at one thousand one nine nine one two there's a nine one one in there emergency i really need the stock and it's going to go higher so with what they're putting in in that bomb on the right with the not that's where they're talking to each other i have found in my experience the markets moved to it's a completely different game guys if reading charts worked i'd sit there and read charts and put in fibonacci's and technicals all day but nine out of ten traders lose and nine out of ten people teach charts so i'm using the book map where i could see inside the engine of what's calibrating where the size is where it may move to what the price is and i'm making my move accordingly and i've been very successful doing that so if there's any questions that you may have from any of the notes you want me to repeat anything a look at any stocks i would be surely glad to do that and hopefully they're all at what i call that even number trade what do you think and no questions at this time mike yeah cool so now you know how i trade and what i do anybody has any questions i'd be surely looking to take them on otherwise you know we could just uh... take a look at the nasdaq and see where i'd be trading it's thirty four now went through eleven nine got that huge red line of support down here look at that what's this thing at forty eight ninety nine came right down from fifty bucks it was at fifty when i starting this uh... presentation now it's forty and a fellow whole dollar market came back from down five hundred to down three hundred it's amazing yesterday we're down five hundred yes they were up five hundred today we're down five hundred unbelievable the movements in the market and what you can do and the futures are great too so yeah this these platforms now a day you know whatever it's worth it's let me give you an example give you an example if you win at the poker table okay and you put your chips in and they give you two hundred dollars back aren't you gonna tip the dealer get a massage, a drink, of course you are that's the rate for the book map the money that i'm able to and the value that i get off the book map each month my team myself here you go whatever that's worth if you're not using it to make you money then dude don't be in there if you're not going to winning at the table you're not going to be tipping the dealer but if you're winning with it you should be using it absolutely you don't pay any commissions anymore ameritrade, e-trade all these companies used to pay what four ninety nine a trade in and out then it got reduced and then they made it free dude used to spend hundreds of dollars a day in commissions just to trade now you can use a program like this for a hundred dollars a month and assist your trading to uh... be really spot on man i can see which direction it's going now it's trending higher i would not short this thing right here i would not short it i'd short it under this line right here for a breakdown but i really wouldn't short it where it's going look it could fill in the bottom of this triangle right down here to seven and move all the way down but it's a break under this to add number two and this for number one otherwise it's going to go higher into fifty so it's kind of like a in-between it's a no-trade zone it's either going to go up to forty or go down on the thirty the thirties and the sixties you don't look to do anything in the sixties it's going to go down to fifty or up to seventy why should you buy or sell in sixty in the thirties it's going to go to forty or down under uh... in the tw- in the thirties it's going to go to forty and shoot through fifty or it's going to go down in the twenties and head to the other even number it's like the in-between balancing point the thirties and the sixties in the nineties there's a ninety percent chance it's going to go through the even number when it's going higher at ninety five cents or ninety five dollars or eleven nine ninety five there's a ninety five percent chance it's going to continue the next big green up and you could see all the numbers and indicators at ninety nine there's a ninety nine percent chance going to go through from journaling on the way down those numbers apply reverse side on the way down at eleven thousand nine hundred at o five there's a ninety five percent chance it's going to reverse through the number yeah i might just need to jump in and tell everybody that uh... numbers like this in percentages are based on uh... uh... some of mike's uh... results and uh... you know past performance is not necessarily indicative of future results these are not trading recommendations this is all for educational purposes only so uh... uh... you know that's what we're here for is to learn uh... from mike in the way that he trades uh... but uh... percentages are are not uh... something to uh... uh... i use it as a gauge so i know the odds are in my favor when it's at ninety going through the upside and it's at o five going through the downside i've got that risk reward of like way in my favor that's how i've been journaling it so yeah the numbers of ninety percent this and that that's just how i visualize it in my mind yeah absolutely pass performance is not necessarily indicative of future results just need to say that yes sir so we got a nice red bar down on the nazi went down on the it will break and down so this thing right here rose up through forty nine so as this thing went higher through the even number see it the nasdaq is going lower now it's about forty nine fifteen to twenty twenty told you i know where this stock is according to where these bars moving here's the nasdaq right here so you can see the nasdaq going lower too the red that's because it went through forty nine dollars went through forty nights making the red bars lower so if you went in on the futures and short of the nasdaq right under hines forty nine dollars it's forty nine thirty right now forty nine thirty two right now that's how it works that's how she works my friends so when sqq qb rising nasdaq be dropping when sqq qb dropping the nasdaq be rising so if you have an idea of which way it's gonna go that's how i play my futures but your from your experience that might get the the sqq uh... cues are uh... kind of leading indicator yes it's a three it's an ultra short e t f of the exchange so it moves like penny for penny if this moves up a penny the nasdaq will move down a couple of tics if it moves down a penny the nasdaq will look like you know same thing if it moves up nasdaq moves down if this goes down a penny nasdaq moves up five tics it's very in sync with it so like i said if i can anticipate a move through fifty or forty nine and get in right underneath and it goes through on the upside it's going to make that huge red bar down and that's that's what that that's my safe play that i i wait for in the markets yes interesting how did you come across that that correlation just because i've traded sqq stock for twelve years along with u v x y i got good at trading the overall market direction and i would trade a thousand let's say it's a forty nine right here you know it was just forty nine twenty i would never short i was go long was a long trader and back in the old i didn't even know about trading through par then or anything like that i would buy a thousand shares and look for fifteen cents or twenty cents to make a hundred and fifty dollars with the commissions and that's how i made you know a hundred dollars on the trade so we'd have to move twenty cents and i got great at looking at go up ten and down three and up fifteen and down eight never hitting my target but watching it for hours watching the paint dry as they say you know i've watched a lot of paint dry so i got familiar with how it moves and then my the prop trading firms came out with trading the futures and just one day i was trading sqq and had the chart up for the end q and when i made a trade in sqq long it made a red bar down on the nasdaq and i'm like oh my gosh if i did one lot of the nasdaq and sqq moves five cents i've made two hundred dollars or a hundred and fifty the same amount of money i would make waiting for twenty cents i said i have found the golden goose this is incredible i could make a nickel or a dime on sqq all day long that's my if i'm wrong i just cut it i'm wrong a dime i'm cut it because i like to be right eight out of ten times and if i make a hundred dollars eight times and i lose a hundred dollars twice i'm up six hundred for the day that's how i've been able to trade on a very long win streak with that formula and that's my system so right now at forty eight ninety eight if this thing goes through forty nine it's gonna make another red bar down on the nasdaq here it goes ninety eight ninety nine boom through forty nine that's how it works there it is see how it touched forty nine and it's making the red bar so that's i watched it and that's what i figured out and that's my course i teach people that so i don't look i don't need to look at the chart or the bar because i'm just playing with the numbers going to do to make that bar so when the bar is going green everyone's buying i'm selling and when the bar is red everyone's selling on buying it seems to be very successful nas forty nine and i like to scale into like one or two or three lots on every trade so like i said if i'm in here for the move through forty nine i'll get in at ninety five and i'll add right on the even number and it's going through uh... if it goes by here and it goes down i'll wait till eighty five add one more there and see if it bounces up and if it does i get out break even and if not i just get out i'm wrong but right at these even numbers there's a two a word called positive expectancy when i have pocket aces at the poker table guys you don't want to play against me i'm probably gonna take your money because with positive expectancy that's a the strongest hand you can have in poker i'm gonna bet it aggressively and win most probably because it's based on what's called positive expectancy and that's what the setup happens with what i call the roll through the even number that's how we do it that's how i do it and anything else i feel is gambling you know it's seventy five i can't tell you it could go either way but at ninety nine ninety eight i could tell you which way i think it's gonna go and that's how i trade otherwise i've found i've lost over trading my small win streak doesn't outweigh the one big loser i added on to the position because i thought i was right because i looked at the chart Mike that's a really interesting background so i don't know if you have time to elaborate on that but i'm just really kind of curious on uh... your poker playing and then how maybe that really help you with your trading uh... yes uh... my poker playing i was ranked one hundred and sixty seventh out of one point seven million tracked players online i made a career of playing poker online as you know the government shut down online poker i switched then to trading and started doing the same thing i was doing with poker which was journaling when i would enter a poker tournament i was either i was a great tournament player and a cash game player but the tournaments was my key one time i won three back-to-back tournaments for ten thousand dollars each so i entered the tournament for a hundred i won ten grand entered the next tournament for a hundred one ten grand came in first and second on both of those and after that i knew i had a system that worked and what i would do is i would journal every hand that i would play and what the result is of that hand that i win that i overplay it how many people was i playing against uh... building up one of fourteen hands that i ultimately would play it was one of those hands i knew how much to play and how many people were against me just from journaling and seeing what the result was from playing it in the past i would use all those results and i built a system that was based on positive expectancy that when one of these fourteen hands came up i could be pretty aggressive because the odds were in my favor that i would win so when i came to the day trading i journaled for four months a thousand shares of every trade that's all i did the first month i would make like a certain amount a certain amount a certain amount for three months and i go to two thousand shares a certain amount then i got up to like three thousand after many months and then i studied all of the data and i saw in the data that all of the winning trades with the highest consistency we're at ninety cents right under the even number and they would go through and they would be my largest wins i was like well i really have something here what i noticed was at ninety cents or ninety dollars it moved slow it really didn't move the way it moved once it went through the even number it was like anticipation i was like waiting for it i would like buy initially at ninety i'd add more at ninety five and i'd add my final at ninety eight to go through the number and i was like now that's the way i'm doing it that's the way that i'm gonna teach it and every time i did the trade i would record it and i would win i would like this is a very high probability system based on positive expectancy that i developed from journaling and looking at what the best trades were at those prices and i figured it out and that's why people are in my chat room have been with me for twelve years on a subscription because all we do in the chat room is look for the biggest movers in the morning that are stocks going through an even number yesterday we traded apple the first time i could even call it out for option traders to do that to move up moved up like three or four points it started when it went through the high list at ninety eight it was one fifty whatever it is at ninety eight cents is that apple is gonna go through i call it the Heinz trade play like a bottle of ketchup it moves slow in anticipation at ninety ninety five ninety eight but once it busts through goes all over the place it works in crypto i bought bitcoin at missed it for eighty the first time through five hundred i bought bitcoin august of two thousand many many years i got nine hundred and eighty why because i knew it would go through a thousand for the first time ever at nine thousand nine hundred and ninety nine go look what bitcoin did it went to nineteen thousand it touched eleven went right to nineteen without stopping look at what bitcoin did through twenty thousand twenty one twenty two twenty three twenty four the biggest bars are all through those even one thousand numbers yes sir stocks they do the same thing the biggest bars i've noticed go look back at all your stocks and what the biggest bars of the day are they should all be through the even numbers or the fifty cent marks all the other little are doji's they're all not there go look at uh... anything that trades in price it'll gravitate towards an even number that's my system so mike how long did it take you to you know uh... kind of build that edge you said like four months or so is that right about five more than four months of journaling every single trade i journaled about a hundred and thirty hundred and fifty trades a month five months something like that would do like twenty twenty you know twenty trades a day every day yeah that's uh... and i studied data yeah i studied all have all of it i teach it in my day trading course how i have i went through all the data so you could see all the trades from all those months of the ones that work and how i figured it out my challenge to my students is show me a high inch trade that doesn't work it has to be green going up okay it can't come from down the block meeting at forty eight ninety eight i think it's going through forty nine but it can't come from here forty eight sixty and run forty cents and then it's too much but if it starts here and it's basing at forty eight eighty ninety yes that's that's my high inch trade and i'll play that through the even number if you want to be safe one push at ninety eight market order if you want to be tricky entry number one at ninety entry number two at ninety five an entry number three at ninety seven plus once it crosses ninety seven i have to usually do market orders because it prints so fast towards the even number and there's a huge large amount of shares there because the guys getting a selling rebate and there's a lot of liquidity at the fifty cent marks and at the even number marks the even numbers will move more than the fifty centers that's all i teach it's all that i do and when people come to me they stick with me because i never deviate from that that's all that i do i have dozens of eyes looking at it each day so we're all on the same page whether it be the futures that we're trading or the stocks that we're trading if you don't call it out of high-inch trade we're probably not doing it but if you're calling out hey you know twitter moving through is at forty one eighty four right now not a high-inch trade but at forty one ninety eight i'll have an alert or let me know because i'm gonna play it through forty two meta it's down if it was up a dollar fifty i would love that to play through the even numbers to go through to one fifty accordingly if the stock is read it's not a high-inch trade to go up higher it's got to be green it's got to be trading a lot of volume and it can't come from too far down the block as i say and uh... yeah we got a we got a trade through an even number there's a book called reminiscence of a stock operator the story of jessie livemore you've all heard of jessie livemore in chapter seven of the audio book if you want contact me i'll send you a copy of that in chapter seven minute number two he talks about how he came back from busting and he needed to rebuild his steak and he had one chance to do that and he waited it was on best let him steal his favorite stock he knew it was going to go through a hundred at at seventy he would have been taken the position he said at eighty he would have been rocking back he knew adding but he didn't have the luxury to do that because he borrowed a stake from uh... another trader to give him one shot to build himself back up so he couldn't risk anything and he was sitting in the restaurant and watching the tape and when bethlehem steal went to ninety five he ran to the broker's office put in a hundred shares at ninety eight and when he looked up at the tape this is the story of the book it was trading at a hundred already it closed at one fourteen he bought another hundred shares at the close the next morning it opened up at a hundred and forty two he pyramided his money and made his steak back and it was all dedicated to trading through par the three hundred's moved bigger than the two hundred's and the two hundred's moved bigger than the one hundred's according to jessie livenmore and my student showed me that about a year and a half ago when i've been using it already for ten years and i figured it out through poker not through jessie livenmore good to know that that guy used it too so that's what i do to win man otherwise i found it pretty difficult to win in the market because hey at sixty five is a no-buy zone it's either going to seventy or fifty what the hell are you gonna do it it's a guess here flip the coin who knows what it said it went to seventy great you're right you flip the coin you shouldn't be happy that you called it higher it could have gone ten cents lower you had no idea the charts not telling you anything it's what happens there okay it fell thirty cents it's sixty well how many times is it gonna pop up versus pop down that's what i look at because that's how the computers work yes sir can you show us another example maybe in the nasdaq that uh... maybe earlier in the day that you saw yeah let's we could pull up any of the biggest stocks of the day the nasdaq gainer right here is s o b r let's pull up this one so right here the stock is going what do you have it in the book map there yeah to see the order book would be good pull that up here so let's go what was that one that was s o b r watch this thing load up so this thing at two dollars right down here you could say so pops up on your on the on here here's your little base right here so it's basing bay you but look at two dollars is right here the biggest size is two nine one eight it's got the biggest number and right through to it's got the biggest bars boom boom boom if it touches two eleven it'll go right to two twenty so you sold to nineteen two twenty nine two thirty nine at two forty four your flat you're completely out of the trade i don't care if it goes you're flat guys if you buy a stock at one ninety eight one ninety five and it goes to false i call it a full sequence bruce to two forty four you should have nothing left nine out of ten times or eight out of ten times i have found it goes lower after that congratulations you did great if it goes higher guess what you'll rebuy it forty eight to go through fifty because my experience is it's going to go through that many fifty so what did you miss you missed four cents and then it goes through fifty and you're in a new trade same thing if it went from fifty and it went all the way up to ninety you'd be flat at ninety four you'd rebuy at ninety eight to go through the next even number you'd miss four cents so in the whole one dollar ladder to be in the move from zero zero to the next dollar you'd only miss eight cents and be safe about it that's what i have found from journaling and trading according to the number and not the chart i know what it will do in in my opinion at a certain number so let's look at another one can you look at that maybe that uh... s o b r and and uh... where you might have seen it earlier in the day and how you might have played it kind of uh... uh... in in hindsight there so as it's coming up toward the two dollars right here that it created a couple really nice by bubbles right here was big ones so it tried it right here but failed and came right back up so in this scenario if you had bought here at the top you would have bought number two here you would have broke even here on one of them and wrote up the other one for the profit okay so the range like around uh... eighty five on up is is uh... is good for you basically eighty five is on the radar let me know when it gets to ninety five then i'll start to move then my chips will come out on the table watch mojo start start betting and i'm in it ninety five i'm adding it to selling half here at two oh five to two ten every time half of the trade is you've done what you wanted you traded it through the even number you're not a hot you're not a pig you take the profit you like nailed it and then you have half the position left goes back down to the even number you're out if it touches eleven from my experience it'll go right to twenty listen carefully eleven to twenty and twenty to eleven is the fastest dime in the whole dollar ladder no other ten cent increment moves as fast as that one seventy to eighty sixty to fifty nothing moves as fast as ten to twenty and twenty to ten how do i know that from journaling telling you so if it touches eleven i'm hold up things and go i'm selling a little at nineteen right under the next one i'm selling a little bit at twenty nine thirty nine and forty four on flat i'll rebuy it at forty eight forty nine if it goes up higher for the next role otherwise that's i'm i'm i'm satisfied i made a good trade when i look at another one let's look at uh... the what is this one v r a x v r a x big winner today and well that one loads up will load up also this other big winner which was n r b o so this is what you see on all the gainers less use this machine so here's right here scroll back in time so n r b o perfect example school right here so you have twenty dollars is right here look at that nothing this whole time yep support down here with the red bar bruce this volume bar came in right here so you caught the volume bar bro right here you've been waiting for it actually at nineteen sixty on your right nineteen eighty it's getting juicy juice get me a seat at the table please at nineteen ninety i'm in twenty dollars at nineteen ninety eight i'm adding at twenty eleven i have half the position left at forty four which is look this red line look forty four on flat that was an amazing trade if i'm back in at forty eight which is right here now i'm selling fifty nine sixty nine seventy nine eighty nine ninety four on flat odds are it's going to go lower if it doesn't i'm rebuying at ninety eight i buy it twenty ninety eight it comes up here the twenty one it comes up to twenty one sixty it comes up to twenty one eighty all the way into almost twenty two on the spike that is an amazing hind straight when did i do it only through twenty nineteen sixty don't tell me about it nineteen seventy don't tell me about it nineteen eighty let me wave to me at nineteen ninety you better let me know and i'm in we can look at any other stocks and they do all do the same thing let's look at the racks the reaction to it through the fifty number or through the three number those are the only two numbers that i'd like to play on on this vr a acts so you'll see the biggest bars of the day will be at those numbers is vr a acts so here is fifty right here yeah these two bars right here so it moved up on this first move right here up into fifty from thirty so the first time it made its move up into fifty you did it but it came twenty it came to uh... twenty five cents it works real good with like tesla let's look at like tesla and those meta and those kind of stocks it works really really good with that because you get some tremendous tremendous runs so it's caught three oh eight so the reverse on the three ten would be the play look there's three ten line it's not going to take a three ten so you on the way down you would have gotten three ten three oh nine three oh eight went all the way to three oh eight forty on the reverse hines so this was an easy one too here's three oh nine how do you play the reverse hines so the reverse hines is the same thing here it's knocking its head up here you can see this big red line at three ten so if it hit its head hit its head hit its head hit its head here the risk higher is a one so i'm not risking but if it does if it goes up i'm done i i i made the wrong trade but it hit its head so many times the stock is red it's not green so i'm gonna play as it gets closer to three oh nine i'm gonna go for it to go under three oh nine it's called the reverse hines and that's what this one did look so right here at three oh nine ten does the like i said be a ninety percent chance in my opinion just from a gauge that i'm in favor that it's gonna go under three oh nine oh five ninety five percent at three oh nine oh one i'm in it's gonna go right on the three oh nine and it flushed like a same thing on the way up stopped here ninety eight ninety nine you're courted through went to three oh nine forty so you made a reverse you made the other one back up and your hines trading machine you're trading it up you're trading it down and that's the way that we do it and you just gotta wait here's another big one so right here made a big move up let's i don't even know what the numbers are but they will be through some sort of significance this is the bar and here's the price three oh nine fifty i told you it was a significant i told you so that that was your anticipation play through the fifty and it ripped all the way up to this line three ten twenty you made a great trade there and then when it went back here under three ten under the support you could have gotten a short right there and it i would have got taken a profit in this bar i would have missed this bar this bar this bar this bar and that bar that's what i got a fix with my trading guys and book map can start helping me do that where i could stay in these trades longer for more profit that's what i want to work on because i know how to enter in the trades with my system based on positive expectancy i just have to get better at uh... doing the other staying in longer and that's what i do guys nice hour hope you learned a bunch and saw a different kind of angle that i use in trading you know seeing as this forty nine oh six is this one higher than that that made a nice red bar lower here's the red bar made a surely couple of beautiful red bar lower right now see it goes on the forty nine because it's like a ninety eight percent chance it's going to go on the forty nine right now ninety nine percent chance that oh one there's not a hundred percent told you would go on there you got told you what i tell you right that's a reverse high and just i wouldn't have played it the other way but i knew at that price when it starts at five to four to three to two at one year in it's going to reverse and go under if it goes to ninety five and goes on to that's going to go to eighty five to drop another dime has ninety five look to drop leaving lower ninety four covering done good trade see i told you to go eighty five right eighty seven i'm done i got a stain a little bit long that's what i need is a little bit patience but made money that's all the counts when you make money on the trade look it's eighty i told you right reverse times it'll bounce here at seventy two to seventy seven and go up you know how i know that it's great it's gonna bounce here and go up hot back up you know how i know that besides journaling it's called a stopping station if you bought it forty nine we're on a thousand shares which i used to do for years as i told you where would you put your stop-loss in bruce just as an average person would you think if you had to take a hypothetical guess you bought it forty nine how many cents would you risk for a stop-loss five ten fifteen twenty or thirty cents five cents on a thousand shares how much profit are you looking for i'm looking for to go through the fifty now i'm saying like on um... look at s o b r's rockin it's up going up more so you know what i'm saying is on the um... on the thousand shares so you would risk the average trader risks a twenty cents stop-loss i've taken polls so if you're in on a thousand shares the average retail trader is going to risk two hundred dollars that's where the otherwise you get stopped out too quickly if you put it in a nickel below you know what i'm saying so if you're looking for your move to to work right away right so if the move at forty nine doesn't work i'm out everybody's bought there all their stops are in twenty cents lower at eighty seventy seven eighty two range so i wait for it to go there and usually stops there they take all the stops and they bring it right back up which is exactly what it did if the market is moving down tremendously fast from the forty nine it'll go to seventy two to seventy seven it'll go all the way under the eighty and it'll touch sixty eight before it bounces if it's slow like it is now in the after hours from forty nine it'll go seventy seven to eighty two that nickel box and bounce off there i call it a stopping station if it fails there it'll go to fifty you don't want to ride these things down because of people that are buying at seventy eighty their stops are at fifty and the longer it stays there without moving back up it's going to go to the next stopping station and they're gonna keep on bringing that's how people blow up their accounts because they keep on adding on the way down instead of a failed stopping station if you miss your train and it goes by your thing dude don't stand there for hours waiting just switch tracks and go to another another station that you can't sit there forever so that's how i that's how i trade and from recording from forty nine where it stopped and where it bounced back up i've seen a very high percentage stop in those nickel ranges of what i told you seventy seven eighty two so i've built a ladder of a dollar and i can know which way it goes up what's gonna happen at those prices and when it comes down what usually happens at those prices so i like to trade before the bars make their moves guys it's it's a whole different game but uh... been pretty successful doing it look at s o b r dudes four dollar hines look at that s o b r dude look at this thing can you believe it look at the fifty number right here went through fifty like a school everybody squeeze on fifty and then it went through four box so you're right this thing the whole way dudes look at that did right through the two fifty to the three dollars the biggest bar of the day started at three and then the next biggest was the huge squeeze after it works so good now it's at four oh seven if it touches four eleven it should go to a nineteen and twenty if it touches eleven it went there it goes seventeen it touched eleven went right to seventeen look at them squeeze it let's see that that's how it works guys now if it's oversold you get the risk rewards the other way to reverse hines it your risk of dying but if it dumps it's gonna dump fifty cents going back down to like three fifty so you'd short here risks a ten cents up to the high and if it dumps you're gonna make thirty or forty cents so there's a bigger favor for to dump in this big size of four oh four the one eighty wants to get filled as a rebate watch he's still sitting there for a four sam so you play an anticipation of going underneath him and then underneath four bucks he said sit three seventy seven three eighty what did i tell you exactly and if you didn't know that a big bid was bearish and they were gonna sell in for a rear you would have been destroyed buying that am i right that's how i work and roll boys queen queen take a look at book map absolute let's see what happened in book map accordingly see then i can can grow look at the red look at the red ball so having that up on the other screen as soon as that big red ball came in you added to your short boom that thing went reverse hines under four bucks and just went to the next stopping station so everyone that bought at four oh five is getting out of three eighty five stopped everyone bought at four is getting out of three seventy two to seventy seven you're losing your shares are going to bring it right back up and spit on you probably and also a lot of liquidity up filled at uh... at four dollars there as well look at all the side twenty eight thousand look at these numbers of a sixteen thousand the svp column as you mongous but they did it man look at the biggest bars the biggest bars are the three fifties in the fours so here's your three fifty and there's your reverse four and your other four see it went down right down to the next stopper which was three fifty eight three fifty five range it really works according to price so if you start to monitor that on your own trading in conjunction with the book map you'll i think your trading will improve and you'll go less off charts and look at the chart to realize could it go to that even number from where you're at and then that move is a huge play and is there support there or resistance there to look on the chart at that particular point but hey it's three ninety eight i knew it was going above four and right here it's probably gonna stop here at three fifty five to fifty one and uh... bounce back up because they took everyone stops and how does it do it's trading fifteen million shares these are the kind of stocks you want to trade because even if you're wrong probably come back around and get you out even even if you're wrong because it's trading a lot of volume but i tell you if you buy it ninety and it goes to eighty get out it's gonna go to fifty sixty you know you can't ride these things that i've done it too many times and recorded in my journal damn i just blew up why did i buy more coming back down to fifty five then it jumps right back up to eighty i have no shares no account left and i would have been probably break even because i didn't sell for a loss and reprice it i got married to it because i looked at the chart or did whatever i thought was going to happen don't think anything's gonna happen just be right guys that's all ended for the day just be right all right well thank you mike thanks guys excellent stuff and uh... just uh... for people out there just uh... uh... one more disclosure on uh... uh... past performance not necessarily indicative of future results when we're talking about different percentages etc this is just uh... from mike's uh... uh... experience uh... previously trading absolutely hey if you ever you're recording this right yes if i can get a copy of this recording this will be fantastic to uh... disseminate out news for us and purposes yeah sure sure like no no problem so uh... spot on with with the calls the moves look it's back at eighty so everything's been really nice thank you guys for listening to me and if anybody has any questions you can always send them to bruce or send them to me i have a discord as well but we'd love to do some more of these with you all keep the education going and and uh... you know what i do because it's different from everybody else all right yeah thanks mike okay take care