 All right. Good afternoon, everybody. This is Bruce at book map and we'll go through the for the Bitcoin trading competition That we have with trade of eight and Coinbase pro derivatives for for Bitcoin the Nano contract so we'll be looking at that And just going through all sorts of things. It's an open mic over here in discord. So if you want to join us over in discord That might be better. You can ask questions there etc, so We're gonna go through live analysis live trading We we took a position last time You know, these are it's just to try to help you guys Read the order flow better in book map and if you have any questions, it's kind of complex the way that we connected here with To the trade of eight account Then also with the book map Bookmap data and the multi book products the cross BBO and then also the liquidation indicator But these are all advantages and edges you guys can use So anyway, let's go through the disclosures and we'll jump right in we can go through your trades, etc Whatever it is you guys want so it's kind of a breakdown here of Everything and we'll do it for the next hour. All right General disclosure all book map limited materials information and presentations are for educational purposes only and should not be considered specific investment advice nor Conditions the risk disclosure trading futures equities and digital currencies Involves the central risk of loss and it's not suitable for all investors past performance is not necessarily indicative of future results All right, let's jump in. Let's take a look. Did anyone catch this? Oops, I'm sorry. That is the ES. Let's take a look here at the Bitcoin and We'll look at the perpetual here Anyone catch this move to the downside below 20 grand and look at it come right back up to it so Crazy crypto markets, but this is this is pretty significant here. We're we're seeing a pretty big drop here From a consolidation period for quite a while. It definitely had a downside slant to it here in the order flow Structurally as well as the the transactions in here You would be looking for this at some point to break now. It could have broken in any of these places in here These both look pretty good Went one more time a bit higher here and then finally we broke all right, so Anyway, move to the downside and then the move right back up now Watching very closely on the move back up Into this 20,000 This is where we see the sellers come in. Let me I'm going to dim the heat map And I'm going to take the best bid and offer off for just a moment on the cross BBO Okay, so this is where it dropped from. Okay steep move very quick move pull back another steep move in here Bit of a pull back and then one more move here. All right now You can see we've talked about this many times over Hold on make sure everything's going okay over here in Okay, there there you are. There's pro K And Yeah, if you guys have any questions, just let me know Yeah, some congratulations to pro K had some good trades in there, so he is up and Anyway, we'll If you want to go through anything just just shout out here guys you have the open mic All right, so Yeah, it looks like everything's okay here in Discord and It's Bruce. Hey, there you are. How are you doing? It could be better, but I'm hanging in Excellent excellent, I was excited for you. I saw you We're up there in the top three For for a bit earlier today So So anyway, this is I mean, you know, this is Bitcoin And these this kind of volatility is what unfolds what I wanted to cover in here is These pivot points that we talk about in the futures Webinars all the time and it doesn't can be stocks. It can be futures. It really doesn't matter. It's right here Okay, this is where we see strong sellers again strong sellers and again strong sellers Okay Now look where they really start to you can see it in a few different places this pivot point idea Right here and then right here Okay, so look at this strong buyers Strong buyers Okay, there's another one up here now. So this is where that move initiated From the to the downside here And we've retraced it Basically a hundred percent. Okay back up to and just into 20k All right, so again now we're trying to look here and try to ascertain Is this a just a hundred percent pullback and looking for more sellers? Or are we gonna get the the buyers to come in above here and get the strong move up in a nice stop run here all right, so We're kind of looking at this here trying to Accertain it looks like sellers are gonna come in right now And let's see if they can we need to see some size on the sell side though And then looking for it to come right back down to here. Okay, the eight eight sixty here. All right So that would be the move. There is a little slight area in here this little swing in here that might kind of bounce off of but more or less looking for the move down here into 860 All right Any questions on this move here it you know it typical We thought well, maybe 230 would be better for the webinar last time it was at two And the move happened Right after two So, you know go figure Anyway, we should get some good action in here. I think So We'll keep an eye out. All right. Anyway, it is the concept clear here. This is a pullback right now Okay, this is a directional move and this is a pullback right now Okay, so we're looking for continuation of the directional move All right, so the first stop would be down to here At 860 and let's see if the sellers can maybe try to push it through that Now that would be scenario number one Right now. Let's just go over what we see in the live market right now Do we see a lot of sellers here? Not really not too many Okay, it is still A more probable scenario that we're going to get the move back down into 860 But we have to go through these things and we're going to look for something that is clear Something that tells us that you know that the orders are set traders want to go a direction And the market is Kind of eased in that direction due to the participants with their orders in the order flow All right. So, yeah, this would be the kind of the move we're looking for here now Go through the second one is maybe below this little swing here Uh, and then if we get buyers to come back up above this little area right here We can even kind of draw a little trend line in here And it would be right above here. Okay, we'd be looking for some pretty big green dots in here If we do get that Okay, we're looking to come right back up to 20k All right, so it's we're probably going to see that little battle take take place right now Okay, here's the swing. We just kind of went below it here And let's see if we uh, we see these sellers come in Or buyers come in up above That's a great one. Yeah What's that? That's a great great one. Yeah We'll be happy if I see some more buyers, but uh For now Yeah, yeah, well, let's let's see here. I mean you don't want it We don't want to get caught up in in a trap or anything like that But it does the directional move is still sell side here Right, so We're looking for that As the most probable right now. We're just not getting too much out of it here There is more selling than buying in here. You can see it in the bars. You can see it in the dots All right, so we are looking for that scenario most likely to play out Okay Now I know guys this is uh, we're looking at pretty low time frames in here For this competition and as you guys know for the Um, let's see is oen in here today I think I'm not sure if he's uh Anyway, nothing No, I don't see him. Okay. Well, that's I should have I should have mentioned it to oen earlier today anyway, um He's a crypto trader. Uh, so, uh Anyway, we're um Yeah, look looking for this move to the downside is as most likely as a pullback, right The strong move is here on the sell side. This is the retracement and then looking for the the the um Continuation here now we can even take a look here on the higher time frame I've got here. Um, as a lot of you guys know the This this uh, uh website here It's a Just a bar chart, uh, but you know, we're looking at just structural areas. This is an hour chart Yeah, one hour chart and we're looking, you know at some of these little areas where, you know order flow from the other day Um, this was back on september 9th. Uh, this was last friday And the steep move to the upside like this. Okay, we're coming back down to test this area here That's what i'm looking for Uh in in this kind of higher time frame, uh hourly chart now Um, you can see we we this is a big red candle now. It's retraced halfway back up All right, so back to 20 000 You know heck and come back to 2100 our 20 100 here, uh, but uh, uh, I I think the um, uh To me it looks like there's more momentum to the downside even this structure in here This is where we can apply our order flow understanding and structure market structure to the candlestick chart All right, so a strong move obviously to the downside pretty shallow pullback Lower highs in here slightly lower lows in here, uh, and then the move lower pull back Uh, and then looking for continuation Into this area down here All right, so and that is what? 1900 uh 400 let's call it Okay, so that's kind of what we're looking for in the bigger picture All right, uh, and uh, let's come back to what we were just looking at. Okay, so here's our sell side We're down to here now. We're down to this pivot point This is where we're looking for a couple different scenarios as well. Okay a bounce Maybe back up to about here Where we just kind of dropped from Or just a ton of selling coming in right now Okay, and if they do then we're looking for the next move down here to 740 And then we're talking back down to lows here All right, so this is a directional move Uh, and we're looking for the continuation here Any questions on that? Uh, no questions today Okay, all right. I mean, uh, it I guess it's pretty clear Um And uh, you know, we're we're looking at What helps us give give confidence to this? Um direction here or this as being a directional trade Well is first off we looked at the higher time frame here, right? Secondly, uh, what we're looking at Is the order flow the break of the 20k? And then look at the orders here Okay, we marked them up with these vertical rectangles in here. Okay. Yeah, sure. There's a pullback in here Retraced all the way back. Uh, in fact 20k But look at the buying in here compared to the selling. There is an imbalance. There is more selling than there is buying All right, so we're looking for the continuation All right, so this is strong move Pull back and then looking for again strong move here Okay, now it's not uh, really, um, given us the strong move yet on the sell side All it's done is come back down into this 860 area here Let's go buyers. Come on Okay, you're long, huh No, no, I made a little mistake because uh, I was short all the whole day and I seen I seen it all the time dropping to the uh, to the short level, um, I don't know how to say it 20 20,050 or something as well was all the time bouncing off that level And I was yes yesterday in the evening. I was thinking What if I just stopped in my short right here and just go outside in all the time And maybe get the first place and I did that I did that until the end of uh, maybe an hour ago Uh, that's when I finally started to do it that and I cut up in the shorts and uh, now I'm the I don't know if the sex place or something like that. Yeah. Yeah. Yeah. I'm really hoping it's going up. Well, this this is I mean like, um, uh Yeah, I was really excited for you. I saw you in third place there. Um the But look at the structure in here though, right even like all day long, uh, you know Yeah, it's still making lower highs in here Okay, there's still more selling at these kind of uh areas in here so You know just just based off of that Uh, we're still looking for uh the move lower Uh in in the overall, um Structure here. So, uh, if we draw our line in here Okay, now, you know, look trend lines, whatever like whatever you think of them But this is pretty typical stuff. Uh, the um More selling in these areas in here, uh, and then what is also quite typical is there's one last kind of move up here Uh, and maybe trying to squeeze these these guys in here and then maybe a break to the you know This would be you would be looking for that move up here To maybe, um, you know 400 or 500 But uh, uh, this is this is where you you know, really have to kind of watch it If we get the sellers in here now You see some here an immediate pullback I don't know if that's enough there. They really once it's really in here when you they break it Uh, and and you see that okay. Look they're going for it. They're gonna move this I mean the market is ready to move Uh with the order flow here, uh down into this liquidity, uh, and then some right This is when we kind of want to align our higher time frame stuff, uh with, um The, um Order flow here, uh in bookmap All right, so that's that's a good one you're talking about higher time frames because Really, I was I was drawing lines from the volume points of controls from earlier back in the days But I didn't uh end up well for me Um, yeah, it's it's really like uh, you know to try to simplify things. Um, again and again like, uh, uh, just you know, um Market structure is the first thing uh, and then, um, uh, we want to understand then the, um Uh, the the volume within that structure and that's going to give us a lot of insight So the structure here is we came from kind of, you know, a down day Uh, and then you can we can see here that the structure is, uh, uh, still negative in here Okay, so um, we're just looking for sellers at these ends here very little buying here very little buying Would be great to see, um Maybe high liquidity here on the offer Uh, and it would be great to see them maybe high liquidity down here on the bid but it pulling As you see the sellers starting to come in Okay, so uh, this is what this is what can give us an an edge. I I feel uh, if if we uh, if we look at first structure Uh, and then we look at the, um, context of the uh transactions from traders within that structure So when we put the uh, the volume dots on the volume bars, uh, now we're now we're starting to see it okay, so We know there's a lot of selling uh in here in fact, we can again use that kind of uh This will kind of skew the data if I go from here, but that's kind of this the peak of the move Uh and put this within our chart range and we can look at our volume and balance It's actually not a lot Um, it's not a whole lot to be honest negative fours is little Uh, this isn't again why I don't really like uh the indicators Um, because I know that they're selling at the lower areas here and I know there's not a lot of buying up here That's what I want to know. I want the imbalance indicator to tell me that Not just for the overall in here and mash it all together. I know their sellers I know their sellers and and here as well. They could get upended here true Uh, but once we start to see the selling come in here Then it's like, you know, look out we see this move again and again and again like where uh, you know It's like one last kind of gasp Up kind of get maybe people go in the wrong way Hit some stops. Um, and then that this is fuel to the fire for the sell side To the downside here so um anyway, uh, not to uh You know, I'm not trying to Uh beat a dead horse or anything But uh, it's just trying I'm just trying to keep it simple With book map because all all this stuff is here We just need to kind of uh, put it into a form that is understandable for us And I for me I find understanding market structure Is a great way to do it Okay, and then the volume within that structure And that tells me where the transactions are taking place then you can look for this move to unfold Uh, now, where did it go? It's kind of funny. Like, um, let's turn the heat map on There's nothing really in the heat map that that tells us much Uh that why would it kind of come down to the 600? Uh, and then bounce Just just jumped. Yeah. Yeah, it just it just turned around and jumped And then it's it's playing off of this structure now in here that we kind of marked up All right, and I'm again this looks like it's kind of complex, but Boy, you know, it's just it's really straightforward sellers more sellers more sellers Okay, you can Maybe you can unravel it. Why why did I keep thinking about that? To the Sorry 20,050 was a supporting level. I thought it was a supporting old structure over there But it just jumped sure So you were looking at this this area in here, I guess, right? Right. Yeah, so let's let's put a line in there So maybe it's around 80 or so. Is that right? Or maybe there's a couple. There's the the bigger swing over here, too Maybe yeah, right this is the whole supporting. Yeah, you're looking maybe at that um, so Yeah, yeah, I mean this is uh Well, I don't I don't know if it if that makes sense like uh, you know first off We know that the buyers can't make higher highs That that tells us a lot Um, and then we also know in here. Let's just dim the heat map again. We also know in here Quite a bit of selling and they did move it Okay, the buying in here really didn't move at that high the buying in here really didn't move at that high even here They're they're not able to come back up and they're slightly able to come back up into here Okay, so these sellers in here remain in control still In this move Uh, and then we see them come in again here Uh, but uh, it's it's still these guys up in here That that are in control and remain in control It this it becomes easier once we start to see sellers again here Sellers again here Sellers again in here and here Does that make sense Yeah, yeah, like the retail trader behave here somehow Yeah, I mean it's just knowing the the um the orders, um, where the transactions are taking place Uh, and um, yes, it's possible. We could get the short squeeze above here It's true Uh, but they just didn't they didn't have enough buying pressure once we see these sellers rolling again We're looking this is a hard read. I think here down to this level. I think it's easier in here Uh, if we zoom in there is no And this was your long. Oh, no Yeah, 2020 Oh down here off off of here. No, no above 20 20, 220. There is my uh Up here up here. Okay. Yes. Yeah, so you you were looking for the squeeze So, yeah, yeah, yeah, you were looking you were looking for the squeeze here thinking that uh Yeah, they got all these guys like on the ropes here and then like, you know boom up into, um 320 up into 380 And uh, yeah, it could it could it could Um It didn't Uh, and then once you start to see the sellers come in again at these at these lows in here Like I said, this This is all hindsight here But I think this is a tough read because it's kind of equal sellers and buyers actually maybe a bit more buying than selling Right, so that that's kind of tough to read but once down here You can see those sellers come in and then it's over like they're gonna move the market's ready to move And it's ready to move away from this whole area here Okay, and that's that goes back to you know volume profiles, etc. It's ready to move right so Um, no, let's go back to current market And uh, let's turn the heat map on Uh, and then this is what we were looking for in here. Okay, we went through the scenarios pretty pretty well. I think Um that we we're looking for from from up here We're looking for sellers to roll in and come back down to 860 Uh, then looking for a slight bounce in here and maybe the move back up into I think we're pointing to somewhere around in here Like right here where they dropped it could come back all the way again uh up to uh 970 but it it just came back up into this little little wiggle in here Uh, and then and then we got the drop again Now we've come down and tested where these guys broke out from on the buy side So we can extend this across now um, and um Yeah, it's actually maybe like that kind of a zone area in here. Um, and uh, uh, still though like Uh directional move is what we're thinking. Okay strong more sellers than there are buyers. Uh, it's a It's a pretty deep pullback yet. We're still looking to sell side here. Uh, we don't see Um, here's the distinction Um for this move down here, we do not see Um any cord any sort of um accumulation here yet. This is just a pullback Okay, so if one if we come back down here and then we see tons of buyers come back in and move it back up here again Now we've got something to consider for a potential reversal Uh at this point though, it is a directional move a pullback and then looking for leg two Uh and continuation here All right, so uh, and and we're still sticking with that until we see something different We're looking for these little bounces off of these areas in here due to This buying and this buying in here Guys i'm going to erase i'm going to clear all these drawings just so you can see them right i mean uh, it Yeah, that's very clear Okay. Yeah, the the market the way that we have the volume dots set up here. Um as a delta dots I love it. It's uh, it looks pretty clear to me like, you know, these are the areas in here So we would anticipate a bounce audit out of here. This is where the buyers came in Okay, but overall move is here Strong move to the downside Okay, so now we're we're looking for We got the structure and we got the volume within it. Uh, but we're also looking at the heat map Uh, where are the limit buy and sells are they getting filled? Is it, you know, are there is there huge liquidity in here? Well, they they came all the way back up into or price was able to call all come all the way back up to 20 000 again And they're on the offer here. There's traders here on the offer reloading Uh, and we didn't get through it I'm sorry. They we did get through it a little bit here. Uh, and they came back in for more right here Okay, so they're totally absorbing this look at cvd spike uh, and price didn't Price went up a little bit here like a, you know What from 20k it went up to um 20 it went up 20 bucks two ticks basically Since since i'm looking at $10 per tick and they're coming in with even more liquidity after that Right, they want to get filled with more traders are are and completely absorbed. This is absorption It's a great example Uh, they can't get through this this 20 000 level. There's still 981 coins up here So what uh, you see this cvd is um It's not rocketing up to the upside here. Uh, there's still quite a bit of selling in here Uh, and then we're looking for sellers down in these areas in here Okay, once we start to see that selling down in here. We're looking for it one more right here This is looking great. I would look for the for the break of it Okay So uh, and then uh, yeah, then it started to pick up All right, so let's go back to current market Okay, so look look where price has come back to retest that little wiggle right in here Okay, so uh, uh, we're still bearish here We can come up higher We can come up to other areas here Okay, this is where the see where the sellers came in again Right pretty strong selling in here and then it kind of initiated up there Right, so we may get like a pull back to about here on the buy side But we'd still be looking for sellers Okay, until we see something something else All right, let me get to your questions guys. Sorry. I've been rambling here um There is no time frame here Don. Um, you know, you can look at like between each vertical dotted line in here There's five minutes But what we're showing is pure price action with best bid and offer Okay, then we're looking at the um A transactions and also the order book within that the historical order book here Did you guys make this nice clock? That's the time frame, right? Uh, which clock? On the top side On Where oh up here Yeah, yeah, the the time time slices. Yeah. Well, you could use this tool to show um, and uh, let me let me uh It's a good good point. Uh, let let's uh Let's take a look here the way that the way that we can use this here the time slices is um look at like 30 minutes here Um, and then that will place 30 minutes within my viewable Range Okay, but you can see we're still looking at five minutes between each vertical dotted line But from the left side To the current market here. This is exactly 30 minutes a sliding window of 30 minutes of data Okay, let me let me go to like um A minute of sliding data. This is one pure minute of data always Okay, so as this slides out, you know, obviously it's it's entering into the or You know, we see the current market as well. So it's always just one minute Right, but you can see there's 20 seconds here or i'm sorry. Yeah 10 seconds between each vertical dotted line So anyway, that's the way it works Uh, let's see if we get our sellers right here right now There's some liquidity and buyers wanted it Let's see it again. Let's see it sellers. Let's see if you got it No All right, drop it now 780 770 I mean now this is funny stuff here because this is that the you know, this book map multi book Uh product. So all these transactions are from three different exchanges in here We're looking at binance futures bybit and okex Here they go Here they go See see how they see how this is this move here is exactly the same as what we were just looking at that that uh that wedge descending wedge or triangle You know what I mean Like it's in here. Look at that. There's not many buyers There's more uh sellers in here Not many buyers if any more sellers are move Okay, so we just did a quick little read here, uh and in this kind of uh, um, you know semi micro structural Area here, okay, and still looking for more sellers 9 970 right And uh, you know, this is how you can read order flow for scalping now. I wouldn't recommend it in the crypto markets Uh, you know by the time you get, um Your you clear your spread or your commission or whatever You have to you know, it's time to exit basically So it's really it's really tough to uh to scowl um So anyway, that is practice pretty big. Yeah. Yeah, it's it's tough So you got to you got to zoom out and you got to look for a higher higher time frame You know, you could use your limit orders um, and I I'm not sure if the trade evade is maker taker type of uh You know structure I don't think it is but some of the exchanges are order filled Order filled so you're getting getting out at break even there Somebody um But uh, yeah, yeah, I mean this is this is back and forth in here because like uh We're looking for the drop but this is a lot more see on the micro structure Or smaller structure here. There's more buying here Okay, so we were looking for sellers at drop down to here where we do see buyers come in And now we're looking for buyers to try to try to get it higher here Okay, maybe maybe back up to 880 here Okay, now this is just back and forth in here on this very small time frame We were zoomed in looking for the drop here We didn't know or I did not go back and look at this area in here But this is where you know, we see strong buying right so we'd look for buyers to support it at that point And that's exactly what they did So no selling here some buying more buying here. Great. They'll come back up to at least here And if there's more buying pressure, we'll go higher All right, so same same ideas same concepts in here And Anyway, let's just zoom out. We're still looking for the directional move here And the continuation here We're just waiting for more sellers It's kind of back and forth in here at the moment This is our little area we marked up here for a pullback Which is funny enough that 860 that we're looking for the target originally Like buyers coming in Well, we could get buyers back up above it here. That's true. Um But I'm kind of looking for sellers again Let's see here I'm listening to ticker strike Ah, okay Yeah, the um I'm looking for the sellers here at this little area here 890. All right, josh. You're looking Uh You need this to be long. Oh boy guys like this is this is All right, I I have to admit as well like I we all do this Um, we get a bias and then we stick to our guns And it's like hoping and praying almost at that point. Um, so the um Uh I think the best way to overcome that that I have found Is drop the ego Or drop the bias And just let the charts tell you Okay, just like what we're going through In here, we're looking we were looking for it to drop Okay retest it retested back up to 20 000 We're looking for it to drop again. We were looking for this area here. We're looking for a bounce here Due to the order flow. That was the only thing that that gave us that insight. That was it And then we had work at the work it's working Um Um it the um So, uh We we got the move we we got a little bounce in here We're looking for the next area which was here And then we were anticipating a bounce here as well Uh due to these buyers that came in okay, we drew up that whole structure earlier Uh and uh, you know and it has bounced Right and it's just you know, it's just back and forth in here right now But the overall move is still to the downside Okay, so We're still kind of waiting and watching in here waiting for those for these sellers to to move the market Bruce it was a good point about ego to be honest because those things are the hardest things in the whole trading because I realized when I Earned a lot from you about order flow and makes me um Stopping my ego a lot because I know I know what is happening in the market and that makes me Yeah less egoistic Yeah, yeah e egotistical. Yeah, I mean like uh like a j-trader is really good at it. Um Uh scott's really good at it. Um uh, yeah, but uh Jay trader just says i'm out cut it look for the next one uh And uh, uh, he knows exactly what he's trading Uh, and he knows if his strategy doesn't work out. He's out Uh, and just look for the next one move forward. I figured I figured in the competition. Uh, it looks like every every ripple you take it makes a lot of difference in the competition Yeah, yeah, I mean uh, uh the um the competition is uh, you know makes it, uh Yeah, for sure more more challenging. Um, yeah, but uh, you know, I think um, uh being able to Not only know that you have an edge Uh, but then being able to know how not to Lose uh is really important. So, uh, if you get cut up You know trying to take the same trade two or three, you know four times It you'll learn, you know, that's how you learn Uh, and it's just like okay. Well, I'm gonna wait next time I'm gonna figure out and you go back and you study it and you figure out. Okay. Well, you know, I followed my plan But I got cut up um, all right, well, you know just look for maybe Something that gives you more clarity On that setup and you're looking for that Okay, and then you'll you won't take three or four trades. You'll only take maybe one or two And then maybe you only take one after, you know years of practice but You know starting to really kind of hone the strategy That you're looking at now see how we're still in the downtrend Okay, now we're looking to see we're looking for our sellers probably here And uh, right right about here at 8 30 and looking for them to break it pretty quickly To 7 70 and then we can we could get the bigger move here Okay, down to the the lows here All right, so what this liquidity down here 5 60, uh, et cetera All right, so uh, uh, we're looking for it Okay, that is that is the most likely scenario right now There's one caveat in here. Now. This is kind of a funny comment. Um, but uh We could get is and we just this is why like go through the scenarios I find again very helpful Uh, help helps me Um, sometimes I get a little suspicious about this move I want to see kind of buyers up here A lot of buyers up here and then have it fail Uh, and then once it fails up here look for the sellers to come in hard Right, so this kind of fake breakout here and then the sellers come in Is very similar to what we saw earlier here Okay, up in uh, up in here this move here So the bigger picture for today, uh before this move here, uh, was this breakout here Let's dim the heat map again. Um, everything is looking good. Everything is looking good And then we got this kind of anomaly here buyers back up above the swing here Okay, and then once they fail look out, uh, so this is you know that kind of Uh Buyers buying this breakout and then really just getting hammered Uh, and we want to look for that uh as well that that scenario So, um, you know, it it it gets this back and forth in here, but then you go with the overall um picture Okay, so, uh Yeah, that's where it gets a little a little tricky, but I'm still remaining sell side until we see something different here very interesting. Thank you Oh, yeah, sure. Well, you know what it you know what it's uh You've been through enough of these like uh, uh that uh, you know get people kind of going the wrong way Um, and then that kind of that can ignite the move to the to the downside Yeah, usually So it stops and everything this is just a hundred gone tracks reverse reverse and hope Yeah, yeah, yeah, yeah exactly exactly. I mean like, um You know Sometimes it does that and you're sometimes it you know, it's like it to me. It looks like it's kind of ready to move right now Um, but uh, you know, we might get one really quick move back up here and then one quick move back down and then through uh This is where like the higher time frame helps guide us to Okay, that we're looking for the directional move here. We do not see distribution or accumulation in here This is just move pull back now. We're looking for continuation Josh, you agree. Okay, uh You've seen this fall spray. I got on the range many times. Uh get continuation. But yeah, exactly But we you know and it's fine like let's suppose like you got in here You know, you're you're looking for it or even in here. I mean, that's like, you know legitimate Uh, you're you're looking for your sellers. Uh, maybe here is better Here is definitely better And uh, and you're looking for that continuation. I mean, um And you know, suppose you get stopped out it comes up here and does that Watch again though stick with it. Uh, maybe come back later and go Well, you know, I'm going to put my stops up a little higher here Uh, or maybe I'm going to keep my stops even a little lower Uh, maybe I'll even take some off like in some of these areas. Uh, and then try to hold a runner There's just so there's a myriad of ways to manage it. Uh, so That's where like you you got to merge your trading strategy Um with your trade management Uh, and what what's best for for you? There's no I have no qualms of getting stopped out up here having to rotate back down and looking for that again Um, that's fine Uh, because like, okay did that thing? And then look for the continuation Another way to do it is like you get in half your position in here anticipate that and then Add another one here and then your stop would be your overall stop would be a little bit higher Yeah I'm sorry pro k or a guys like I should have probably put something in here To to go through that process Um, it's kind of tough to to kind of talk analyze go through all this draw it all up. Um And go through the scenario and then well, I would have I should have put a position on like I I did on monday Um, oh no I I didn't but um, I don't know if you guys hopefully uh, uh saw something in here that that that's working for you I'm just leaving all my trade. Uh, I'm I have two two accounts trading right now. So I'm not really I don't really want to win but I want to win but I'm just want to learn from everything you guys are giving me. That's a really valuable thing Yeah, uh, thank you. I mean that's that's that sounds, um, that's really nice. Uh Just uh, try to keep it simple, you know, so you know what you're doing Um, was it scott pulsini said something the other? Um weak that really cracked me up Uh, he quoted mike tyson And he says everybody has a plan or a strategy until they get punched in the mouth Uh, you know and it's so true It's just as soon as that yeah as soon as that happens and it's like oh my god now. What do I do? So You know take the punch learn to take the punch and learn how to control the loss uh and uh Take it take the loss. I take take the one punch and then take a step back Uh instead of adding to it or um, you know, whatever it might be Uh that just digs a deeper hole You know now we're now we're talking more about trade strategy and not so much order flow Or trade management. Um, and also some psychology, I guess but I'm not much on the trader psychology stuff. I You know There's a bunch of stuff. It's like look you have an edge or you don't okay And that's it. That's true, you know, so play your edge uh, and uh That's it Yeah, well people have a lot of delusional confidence and that's something I want to note out as well that That's another thing It's not working for nobody Yeah, yeah, I I agree. I mean like, uh Again, like j trader is awesome with that Uh, he knows he's got you know, he's got years of data On his trades. He's documented his trades. He has a very specific strategy And he knows how many times it works And um, he's done it by hand as well So that even helps more because he's spent a lot of time with it. He's gotten like intimate with it And uh testing and everything I hear that yeah, yeah, and it's not just by backtesting by numbers And he's doing that now actually Which is interesting. Uh, he it's a new level for him But uh, he's just looking at okay, you know, either it's 85% today that it's going to go up based on these conditions or whatever But his moving pullback strategy moving average pullback strategy He had to go back and do that You know with every single trade and look for it It's really interesting. Yeah. Yeah. Yeah, I really I like uh, I like his his style a lot Um, this is kind of a weird bounce in here. I don't know why it's it's bouncing. Um Let's take a quick look. I mean we could look at this one here. I guess Let's draw it up Yeah, this little area here Yeah, there's a fully in point of control over there from 906 Oh, okay So in the chart range. Yeah, let me add that we'll go to chart range So right here Is this what you're talking about? um, not a the date, um The 9th of uh, oh Okay, so you're you're talking much higher time frame is what you're talking about Yeah, yeah. Yeah. Okay. Okay. It's the supporting level. Okay Okay, quite a bit of buying coming back in Okay, now this is starting to look more like, you know accumulation So we're gonna have to be a little more careful now And here let me get rid of the drawings and here's why Okay, so here's our strong selling our strong selling Now we're starting to see some pretty strong buying Okay, now are they able to lift it up here? To this swing Are they able to break it? Are they able to come up to here 900? So and that's when we start to look at this a little a little differently Um, but you know bigger picture is still you know, we're still sell side Well for you, how do you see the context is going to change because we we were all Yesterday all day short today balance day And when when do you perceive to see another context? It's just it's just the order flow here I mean like in the structure Okay, so up here like we I got to see you know a change here Uh, and then that will start to give me some ideas So right now it's like it's just testing this area Okay, and there's quite a bit of buying in here. However, they haven't broken this yet Okay, so they need to break above here or this little swing here just to start with Okay, now watch and let's see. Do we get a ton of selling now come in here? Okay more than these dots here So we're still sell side until until we see something different Like stick with the trend like this looks kind of scary Um, but it's still holding Okay, it hasn't at this point. Uh, yeah, it hasn't it hasn't told us yet This point I would go to get out of my shore along and just follow the trend again Take the loss Well, there's the scenario that let's suppose that you get a bunch of buyers up here Then your long is going to work out. But that that would be the the next, you know, the second scenario So it would be more like You know, these are big green dots. This is a pullback here and then we saw and then what if you see big green dots? Up in here and breaking these lines then we're looking for our squeeze Okay, and then we want to see underneath as well Uh, the order book supporting that So lots on the bid underneath here here Pressing it up So interesting how you watch it. Yeah, we're just watching the orders You know, you're really good at it. Uh, well, thanks. It's been I've been working With book map for quite a while um, but uh, you know the um, it really was enlightening for me like, um When I first started working with book map, uh, that It's like, okay, wait a minute like let's understand how these markets actually work Uh, what's lifting the offer or what's, you know, making price move? Uh, and then once we understand these mechanics Um, and that I think in in my opinion that that should be the um, everyone should go through that They have to understand what makes the market move Um, and that's why we have the educational course that's on on our youtube channel So if you guys are interested in that you can you can go watch that right now. In fact, I mean, it's always up um, but uh, then um from uh, that I forget about all your education before But then once you kind of understand the the market mechanics you can bring your previous education back in If maybe it's volume profile, maybe it's um, you know, I don't know Fibonacci, maybe it's candlestick Patterns, maybe it's elliot wave um, maybe it's just patterns like, uh, you know Head and shoulders and and and that kind of stuff or or trends or Whatever, uh, but then now you can integrate this knowledge back into it And you really understand what makes up a head and shoulders pattern You'll really understand what makes up like this wedge in here um, and um Uh, and why what we're looking for in the order flow to support that from break to break to the downside here Uh, and then the same thing in here like we're still sell side until we see something else uh, and um Let me get rid of these are kind of getting in the way here And you know It goes back and forth and back and forth in here, but the structure is still holding And uh, we do see the bind in here Um, but the the scenario also is still holding true if we get sellers below the seven sixty Then look out, you know, it's it's going to go lower Okay, so here come the buyers are going to give us a shot here Hey frosty is also here Hey, there he is Let's go come on Here they go and do this So yeah, you're sticking with that long. All right For now Yeah, yeah, well this could fail. It could be a failed breakout too. I mean like we got to you know, we'll go through those different scenarios, but Um, the bind looks pretty good here. So, you know back up to you know Top of the range 990 here is looking pretty good now Even if I break even or a hundred dollar loss, I'll probably take it off Yeah, see see how see how this we're we're sell side. We're sell side and then now we're starting to see it This is that kind of scenario. We're going through here Um, our big green dots here now. We they should be able to move it 990 um, and um Maybe they can even go for this. Yeah, well 990 is right up here. So that's a good area Lot of tickets 600 Yeah, there's I mean, we're at 330 east coast time. So the the you know market close is in about half hour So we're we're going to get a lot of volatility in here, you know, the the close can can be very confusing I find Because there's lots of different traders doing lots of different things and it's just sloshing around Back and forth. So uh, something to be um Aware of uh at the close Uh, lard is we see it during the um, you know the us session the european close Oh, we need to be kind of careful of All right. Now this this we'll see here like are we going to get a bounce here? um Or are we going to uh, see a breakdown here if the sellers come in so this would be Kind of peeked up above here and then sellers down below and then look look out, you know I mean be looking for a pretty strong move to the downside here Okay, now in terms of like entry or exit, um You know trade management in here on something like this I don't really see the clarity until maybe it gets down here Uh, and uh, and I see those sellers come in Okay, or maybe we get a retest back up here Uh, and we see a lot of buying come in and the order book supporting it as well Then we're looking for not only 990 but probably even higher What I find interesting is that we traded this already You I think I got him. Okay. You got him. All right. Oh my Yeah, that's the problem with open mic Great presentation to uh, bruce Open open a mic and everything. Yeah. No, I kind of like this actually it's uh, it makes it much more kind of uh, uh, human Oh, yeah That's classroom. Yeah, exactly. Exactly. Uh, just as long as everyone plays nice, you know, um Then, uh, you know, we can really get some leverage out of an open mic You can you guys can share your screen. Uh, go over stuff if you want You know, uh really open it up What do you want me to show? I mean if you want to go over a trade or what you're thinking about in certain areas You know instead of always looking at my screen So I don't I don't really guys I'll just be honest like I don't really have any kind of clarity in here It's just one or the other scenario here. Um, but I just don't see any kind of edge right now in the order flow Um, it it had we have to see something in here that The market is ready to go a certain direction here. Now it could I guess in this smaller time frame move here I guess I'd give the little bit of a nod to the buyers here We're back up here, but this is where they really need to pick it up And then we should get the break now if there's no buying up here Very little buying and we rotate back down and we get sellers then I would give the nod to the sellers to be able to drop it um, so uh Yeah, anyway, that's kind of it and and also another thing too is the kind of these lines that we drew up in here still that it's um We're the structure is still there's more sellers in here. Well Yeah, I'll take that back This is kind of where they initiated but the the selling really started to pick up in here Uh, and we're above that so we could get the squeeze here Frosty had something to say right frosty Oh, yeah, sorry. I just uh checking in san hi to you guys. Thanks for doing this bruise again um, I was just uh been messing around with the liquidity Track or I haven't really used that much but it's kind of interesting how you see these large swings down and you see this Really really push in the selling liquidity really come in but then after these really large Moves to the downside you can you kind of see this and then liquidity will change It's pretty significant until it's kind of Just kind of dries up and then and then we and then we kind of continue with the trend down It's it's kind of interesting. I don't know if you've used that bruise or not I have um and um the um The liquidity tracker like uh, um, you know, I covered it when it first came out Um, but then I just started to notice that I was just getting more from the heat map to be honest so You know, I'd be happy to go through it if you want frosty like maybe friday Uh or something but um, oh no No, I can I can see where you can you can get the same a lot of the same information from from the heat map as well I just I mean it's kind of a new toy. I haven't really used it. So I just was it's Kind of neat looking tracking the numbers I get stuck on the kind of looking at the numbers for the liquidity buy and sell and it's like who's winning the war here and and it's kind of fun to kind of I don't know something additional to add on my chart that kind of just give you kind of a Of the flow of the orders and stuff, but it's kind of interesting. Yeah. Yeah. Yeah. No, it's it's it's a it's a great indicator I mean it's in it's part of that and well It's also part of the mbo package that that's actually pretty interesting product because You can filter for the higher liquidity Orders, you know the order sizes So that way instead of looking at the one lot and two lots like in the in the futures you you can be looking at like You know a hundred lots So you can see the liquidity of larger players And that that that I like quite a bit But uh Yeah, I haven't played around with it in a while. I mean jeez, you know in these in these webinars and stuff It's like with stops and icebergs and and some of the other things we have on the chart It's like oh, yeah, it gets a little it gets a little crowded things quickly. Yeah. Yeah. Yeah, exactly Exactly. Just try to keep it keep it simple Okay, do you use do you use liquidity? Have you been using it? Yeah, but um, oh Oh No, I I keep it like bruise is saying I keep it really simple I started with order flow. Oh, no, I started with volume profile I did a me a little bit of mistake over there and I catching up on order flow right now with bruise And I'm hoping that that's going to transform my trading really good because at this point I'm I feel confident about my trainings and I have a funded account that I'm scaling pretty well So like I said, I don't need everything to show all my charts and everything, you know what I'm saying Yeah, yeah, well, you look like you're doing pretty good. I haven't checked the leaderboard lately But I think you're you're moving up there, man Great job. Yeah, I'm I'm tense right now because I made uh, I wanted to I wanted to move up at the first place Because I had this great idea to go with every ripple with 100 contracts But I made this stupid mistake with with nuts seeing I'm just buying at Tom says louis louis with the one lot. I bought it at Bought it at the high So I got caught up in that Ah, man, I bet you'll make a comeback though. I think you I think you've got you've got the feel Just yeah, just yeah, just look for those opportunities and go with it. You know, you you got it It's it that's where like, you know, it sounds like you were not looking at what you do, you know You were trying you were you were trying to win Right ego. Yeah, and trying to win is different than playing your looking for your strategy Absolutely. Yeah, correct um Yeah, I hate to lay the the thick psychology on you. Um Oh, but it's great. I love it because my ego is so big sometimes. I'm sometimes I'm so confident that I I'm always constantly thinking about winning and it's so bad so bad for your Body so to speak. Yeah. Yeah. Yeah it in one thing I the the markets are one of the best humbling devices out there So, uh, you know, it'll spank you so hard that Uh, yeah, you'll you'll you'll lose that ego pretty pretty quickly Um, yeah, you make no difference in the market if you put an order in yeah, no change Yeah, yeah, exactly exactly so, uh, uh, just it's it's like, uh, uh, you know, like if you're like a surfer or something and and uh You're out in the ocean The ocean just rules. I mean you don't have a You know just be really aware is the best you can do Uh and respect it because um, you don't stand a chance. Like it's just too powerful um, so Yeah, that's uh, I kind of view the markets the same way Um with very very healthy respect Great formulation So see we see what kind of clarity we got up here It could go either way here and we don't know And we're looking for that clarity Uh, and I just don't see anything yet Okay, here here comes a little bit of buying here And they're gonna try they're gonna try to go for it. It looks like yeah, here we go. All right. Let's see now You know, look This is this is not that clear It's not that clear Uh, yeah, I wouldn't recommend it but like you you know, you could uh I hate to say it. Yeah, you could buy this And look for the follow-through now. I just don't see enough buying quite yet But this is going to be a quick move Right if in crypto it just does this and you'll see it whip up here really quickly Okay, now it's also true though it like You know, you'll you'll see this and it whips down really quickly too. That's why I wouldn't recommend it Buying a breakout here But it is auctioning up here. We see even more now Okay, I would say we're going to get the move higher All right, so here we go. Let's let's see Okay, and then now where can it go if it's enough buying? Let's let's take a step back take a look at it Okay, maybe not much. Maybe it only comes up to 920, but it could also come up to 980 or 990 That's kind of what we were looking at earlier. It was 990 Yeah, something like that All right, let's see it. Let's see it buyers They're pulling liquidity here. Let's see them add a little more on the on the bid here. That'd be nice There's a little bit down here Yeah before the singing was going on I wanted to show you something about my perspective of My instruments what I thought that was good or not Okay, do you want to share your screen? Yeah, I'm fixing that right now. I'm not sure if I need to have I'll need to give you permissions I think I think I think you would have to Yeah, actually, I think everyone has permissions. I believe so let's take a look here Hold on See if you can yeah, yeah, it looks like you're sharing it. So let's let's take a look Okay, I got it. This is what I'm This is what I'm watching at law right now like um I did because I thought this was supporting what I already told you and yeah um Is over here all the volume over here. I thought I thought this was supporting it also as well So we make higher over here, but instead we are going over here like Volume point over here close to it And we broke this volume point of control You know what I'm saying? Yeah. Yeah, this got me off guard because I didn't expect Get down Broke a breakdown this whole structure. I thought we traded it already fair and square, you know Yeah, that's what I was. Yeah, I see what you're looking at. Um the um Yeah, yeah, I don't I don't know. I mean like I like the bounce there quite a bit. Um, You know, that makes really good sense. It came right to it Yeah, absolutely. Yeah And then uh, so it looks like we're getting our breakout um But uh, it's where is it at? Is it at 990? Are there you? What are you looking at there? I'm looking at the higher time frame. Uh, this is 95 19 uh 595 Okay A little bit small of a big screen sorry Uh This is the shorter time frame. Don't watch that. This is the yes. Oh, okay Just how uh, I'm watching the markets. Okay So, um We'll go back to book map. Let's see if uh, how this is working out here. We're getting that breakout. It looks like Not much It's doing it. I mean it's doing it. Um you know and We you know, it's a little bit more clear now, but you know Like We want to see it move here not kind of I mean if there's a lot of buying in here. Well, this should be moving Um So where's the pop? You know, uh So, uh, yeah, I mean it's doing it and and we're looking for clarity Then we kind of noted a little bit of clarity there, but uh as a as a potential breakout trade um Yeah, so anyway, you You know take take that one as a grain of salt it's doing it. It's just not that great. Uh, and we didn't We didn't look for it to be that great uh to begin with but uh, uh, you know, just looking at the conditions of the uh of the orders So, uh, yeah, anyway, we'll uh, see if we can get up to that 990. Um, that's looks like that's where it wants to go Get to the mid Yeah, yeah Point of Yeah, now this this is kind of now if we take a look at the bigger picture here Uh in in in the order flow, um, you know now what we're talking about is uh potential Um You know distribution or I'm sorry accumulation here Okay, go back to you. Uh, sorry. Yeah. Yeah, so I got I'm actually presenting. Uh, let me go back to my screen here. Um, so, uh Now in fact, let's take a look. See how we see how like, um, uh, we're getting that kind of move higher here But look at the exhaustion up here guys and look at the sellers starting to come in here Okay, this this could be a move right back down here or even lower here watch for the sellers here Yeah, here they go Right. See this this was not bad in terms of exhaustion. Just there's no buying up here You know very very little buying up here at 930 Right. We want to see a lot Uh, if they can't do it now, we're breaking this small trend line here So, you know, we're looking for the move back down to where it initiated here 880 uh, and We're still looking for clarity in a bigger move and I don't know. I mean I don't see it quite yet. Uh, I guess we'd still say sell side You know, even though it kind of broke this little structure here Uh, and then kind of peaked above this one here the sellers were up here at 9 Well, I would say 970 980 I guess 970 And You know, so Yeah, it's just it's nothing. We're not seeing anything really too clear When it comes down to it Uh, we had the this was a beautiful move to the downside Uh, it retraced all the way back up here and then we did catch some of these little moves back and forth in here And looking for those pull backs So it moved down to here And then a bounce here around our 860 area And it it did and then we said somewhere around in here 990 And then looking for sell side. We're still directional sell side And then we're looking for the bounce down here, which did did unfold This one was kind of weird here. We didn't have any level in there really And then we just that's when we saw the buyers come in And we're still sell side still sell side and then like start to see the break Start to happen in here Okay, so I yeah, I don't really have much to to go over. Um, you know, we had exhaustion here We had our sellers in here It it kind of made it down to 880 and then now we're back up again And now the buyers can can move it to now they've got enough here now to move it Maybe up to 20 and now they would like to buy it. Yeah now now now You know now i'm looking for these buyers here And I want to see these guys maybe pull and I want to see 20k trade And we're coming to the close of the cash session Let's see it. Let's see it. We need buyers here There we go And let's get a quick move too Really quick move. I want to see like a kind of a stop run move up into 20k 9 9 9 70 to 20k basically See in here we didn't like it In here because we had the exhaustion here and we had sellers here Uh, and then sellers never picked it up But now we're looking for buyers to pick it up These guys will be squeezed up into here That's what we're looking for Doesn't mean that we need to have 2000 by contracts to break it up there at 20 000 Up to 20 000 here. Let's just insert a new column We need to and we'll configure it and aggregate it Yeah, uh, there's 2000 coins in here or yeah, that's what needs to to trade to get up here Oh Oh I think that you showed me the aggregation because I didn't understand what it was but now I see it Or I'm sorry 3000 3100 or so to get up to 20k A lot A lot of contracts though. Yeah Yeah, and but I think this is the multi book product. So it's three diff It's the contracts from, you know, three different exchanges all aggregated here I think I can manage it Yeah, here's our short squeeze I think you can manage it too. I think you can do it guys again, I know that this is uh, um You know very short time frame stuff, but we've been going almost an hour and a half now Uh to cover, uh as much as we can in here During this time and you know, we've seen a bunch of little moves in here so, um But you know to win this competition, I hope this is helping but you know to win this competition you got to be In the in the bigger picture And look for the bigger moves here same ideas same concepts just bigger picture And uh You know, uh, take what the market gives you I can talk with you for hours over here, Bruce Ha ha ha ha Yeah, pro-k. Hey, maybe we'll have you have you in for a special event or something Uh, you can go through what what you're looking at Maybe someday. Yeah Yeah, I mean you can talk about uh, you know, whatever whatever. Everything's helpful for others like getting funded. Um, and You know, uh, you're kind of journey in trading I talk a lot about what people about, uh psychology because I'm missing out on that really really bad. They have no Uh, I would say they they they all have no balls to be honest Yeah, there you go grow grow up here Hey, yeah, exactly. That's what tom uh first the first time I met tom. That's that's the first thing he said to me grow up here Yeah, yeah, well the thing is is like I think it just all comes back to the same thing. Yeah, grow a pair When you have an edge You know, that's easy Like or easier Uh, you have to have an edge though. You have to know you have an edge Now now you've got something to to grow into. Um, otherwise like You know, grow a pair to just throw your money at something I don't I don't know. Um You know like uh the um Uh, I always use the the um kind of silly silly example of like, uh Okay, pro k. Let's suppose, um I was gonna, uh We're gonna bet on the coin toss. Okay heads and tails You know, so it's 50 right 50 percent, but let's suppose like every time, uh, I win Uh, you know, I I win, um Uh Well, let's say 51 cents Right and then every time I lose I only lose 49 cents Right, so every time and every time you win you you only win 49 cents and and every time you lose you You know, you you pay 51 cents like Well, how how many I'm gonna take as many of those coin tosses as I can Uh, and uh, it's to my edge. It's to my advantage as as slides as it is. It's still an edge Uh, and then that's what we're looking for in here And then the the grow a pair part is like bring it on Let's trade 10 000 times You know, uh, I want to trade as much as I can Yeah, yeah, especially in sim. Exactly. Yeah, I I've I've done a really I I don't know Maybe I can track it back, but I've I've put your maybe six or seven accounts on trade of eight to get to It's free and if I can track it back how many trades a day I I did 10 000, yeah Wow. Yeah, that's how you learn Yeah, exactly because I went from maybe 10 000 right now to Three two three four five the trades a day and Makes me gives me that that's what you're saying what you're talking about. Yeah. Yeah Yeah, no, that's uh, that's that's excellent. Um You know and that's that's uh, that's what it takes, you know Jay trader was the same way and I said, well, you know, I remember asking him like a a while back. Well, what you know made you do this like Where did how did you start straight trading this strategy and he goes honestly bruce? Because I didn't want to lose anymore That's a good one. Yeah. Yeah, he's just like I was tired of losing so You know, he started to study something very specific Uh, and then gain and build his edge and uh Another thing what I want to mention is, um, I don't know what the minimum wage is for you guys in america, but Yeah, we are making yearly $20,000 a year if you're on a minimum wage um And if you if you can get like 200 or 300 euros of uh dollars um a day To get to there in the same way you probably double your yearly income Like a year per month Yeah From from doing what again? Just just trade like 200 or 300 dollars a day if you can get that done. You're all already above the minimum average Yeah, yeah, and another thing too from You know what I understand it was some years ago, but there was there's no capital gains in the netherlands Is that right is that right because of a royal dutch oil? um, I'm not sure about that, but I've I'm figuring that out right now, but the people that I've got try to call accountants and First they all I'll all say to me. You don't have to have anything with the tax or anything. That's amazing. I mean like, you know, that makes me would just want to leave the united states and go there and and and uh uh You know trade trade and and have my citizenship with uh, uh, you know european union and uh and live in the netherlands I mean, that's huge that you don't have to give up like, you know 35 percent of your trading gains to to the you know to taxes Yeah, there is some some edge uh about it because you you cannot um you say um In a business you have to pay for stuff and you get an order. Um, you have to pay that right? um Trading you don't really have that don't have orders that you have to put out or Maybe a better saying you don't have really assets and liability with trading You only have equity Yeah, interesting. Um, I think that uh j traders the same way like he's in uh, san marino. He said there's no cap gains So everything he trades it's either pure profit. Um for him Or uh, you know, his losses are his losses. I mean, of course, but uh, I mean, that's huge Yeah, but if you start fending you have to consider in that you are a business. Yeah. Yeah. Yeah, that's something different though Yeah, that's true All right guys, well like boy, we came up. We hit our 980 level here. We drew in Uh, right here. That's been it so far. This has been a pretty Well, I don't think it's been a loss But it just hasn't been too clear with the big move happened Just before two or just after two Uh, and then we thought we'd be smart and do the webinar at 230 Just because we you know, we're looking for the move to happen. Uh, maybe a little bit later And anyway, we got some good stuff. We got some good stuff in here. We we looked to short it here Uh, we look for the bounce down here Um, we look for another bounce down here Uh, and then we're looking for the long end here Uh, and um the potential for it. Uh, and we didn't really like it. Uh, it looked better And then I kind of shut my mouth Uh, I forget where exactly was it might have been Out there was it here or At the circles, right? Was it I don't I don't recall. Um Yeah, anyway in in here somewhere and it was just like guys, it's You know, you know, it's a potential breakout trade. Um, but You know, it's it's we didn't see the really big green dots We want to see these kind of dots up here For that breakout trade And it was more more than likely to go In the due to the order flow, but you know, it could have been disrupted really quickly Maybe maybe it was here that we saw it and we're like, yeah, it's looking pretty good, but uh Anyway, um So we went through a bunch of different examples Uh, hope it was helpful for you guys, but uh For the trading competition here, um, you know, it looks like, uh You know, obviously you don't want to be scalping Look for these quality trades Uh and on the higher time frame and look to hold them as long as you can And try to get the most out of the move so the um What I what we're looking at here today, uh, this You would have been waiting all day. I mean basically here's 5 a.m. Here And then just tons of back and forth and then the big move and it's even this big move is retraced, you know All almost all the way back So, uh, yeah, kind of kind of dismal dismal trading in here, um, but uh, yeah, you know, uh Could have scalped some of them or at least a few of them in here would be would be Uh potential but uh It's hard to clear that spread So the the strategy is to look for something very clear I think and uh and try to hold it for as long as you can um Yeah, it would be a thousand dollars over there I'm not sure like let's suppose. What is the spread like, um, or you know, the um, I I've only taken I've only taken one or two trades. I think two trades Um, yeah, with a hundred contracts. I had uh on every every one point. I had the one dollar So after 1200 points at 1200 dollars Oh, okay. So what and what about the um, you know, if you got in at let's say, you know, 820 right here That's $15 You have to come up to 8 you have to come up to like up to 840 to be in profit By five bucks Yeah, if you do a hundred contracts, uh, and you buy it We'll draw draw down 15 euros of 50 15 15 Yeah, okay. You have to consider 15. Okay. So so yeah, so you got it So it's basically well, I'm looking at $10 a tick here. So you basically got to clear two ticks And then then you're uh, then you're in the green Right, okay Okay, so yeah, that well, so then there was plenty of moves in here that you could have gotten something out of Um, but uh, you know, it it again, it's not it's not a whole lot. Uh, but uh It's it's the education is going through, you know, what we're reading in here Uh on the various time frames and what we're looking for So I hope that was helpful Yeah, very helpful. Thank you very much. Oh, you're welcome. You're welcome. I really really appreciate it. Um, All right guys, well, uh, let's let's wrap it up. Um Let's see I I won't be able to do uh this tomorrow with you guys Um, and I think on friday. I'm not sure what time the the competition ends. I think it's midnight though on friday Uh east coast time So, uh, we might do it on friday afternoon I have to see but I've got some other other events and things tomorrow. So it's unfortunate. I can't do it tomorrow But maybe we can do it on friday Sounds good. Thanks a lot bruce. I really appreciate it. Yeah. Yeah. Oh, yeah, sure. Okay It's a luck man. Yeah, hope to see you up there in top three. Oh, yeah, I have no Almost about yeah, I don't have any aspirations for winning this it's just like you said bruce I really appreciate it because it's just nice exposing myself to a different market and different techniques and I always thought about crypto, but never really decided to jump in until now. So this was a great opportunity for that So thanks again. Oh, yeah, sure. Sure. Yeah, it was same same with me. We did a competition some years ago and It was with Binance futures and was like, oh, wow. Okay. Now I've learned all about crypto. Um, so, uh, yeah These are are great for for that. Uh, so, uh Anyway, good luck guys and we'll I'll let you know tomorrow if we can do it on friday or not If I see we're gonna be number one and two don't worry about it I'll be looking at I'll be looking at the leaderboard All right guys take care and we'll catch up, uh, uh, and I'll let you know about tomorrow or friday And as always, I hope you enjoy Okay, all right. Bye. Bye guys. Take care