 Morning, Traders. Welcome to the Traders Lab. I'm your host, Tom B. Thanks for stopping by today, and I please get a screen and audio check. Thanks. Thanks, Sean. Okay, great. Thanks, everyone. Well, good morning again. Welcome to the Traders Lab. I'm your host, Tom B., and I appreciate you taking the time to stop by and visit the lab today. I stream live Monday through Friday, 11.30 to one piece in standard time. And this stream is about integrating book map order flow tools with auction market theory using a tool called the volume profile. And the purpose of this stream is to help traders understand market mechanics, how the market works, why it tends to do some of the things it does, and how at times you might get in alignment with the market. In addition, the Trader Lab is a group of like-minded traders, a community that come together to leverage their collective experience. So we've all kind of gone down the same road. If you've been doing this for any amount of time, you may find that trading is not a simple plug-and-play process like many of us might imagine it to be. In other words, plug-play, plug-indicator-play game, or plug and have an ATM in the basement, all which is fantasy, of course, and wouldn't it be nice, but that's not the real world. What is the real world? Well, the real world of trading, at least I've come to believe, this is always something everyone gets their own truth or derives it or arrives at it, and I'm just going to share my journey. And I think it's kind of typical, it's just what happens. I started out in the indicator world, actually pre-indicator world, classical bar charting, then went on to indicator space, and then from there, systems, etc. But what I found was I was always trying to fit the market into a box, and I didn't really understand how the market worked. I just thought the indicators were the solution. Well, the reality of our business is the trading business is really a gaming business, and it was the last thing I ever thought about early on. I thought it was about predicting, you know, here's where the market's going to go, I'm going to do this, you know, all that. Well, the reality is, if you think of gaming, and Las Vegas is really the gaming capital I think on the planet, maybe, how do they work? They only play games that have a statistical edge that favors the house. They also play in a random environment. While they do only play vetted or games that have statistical edges, and let's equate that to setups that have statistical edges, they cannot control what comes out of the deck when the dealer deals, and they cannot control how the gamblers play the cards. So they are in a random environment just like we are, because we can't control the HFTs, the algos, economic reports, Fed speakers, or anything, a full moon, whatever. We only can control ourselves. So what does that equation mean? It means all you can control is what you do. You have no control over the other elements. So if we can control what we do, when do we want to interact with the market participants? And that is what is called deriving a statistical edge, or only playing games like the casinos do that favor the house. Now the casinos operate in a random environment because the outcome of any hand or any interaction with the gamblers is absolutely random. Now as traders, we might think we can predict something, but absolutely, you need, in my opinion, take yourself off the hook for knowing what's going to happen because how about maybe you can't. If you can't know what's going to happen, what can you know? You can know if you do the work that you have an edge or a probabilistic outcome that favors you when a certain situation or structured trade, if you will, or game shows up. And if you've done the work, you'll know you have a probability of an outcome over time that favors you versus the gamblers. That's how Las Vegas was built. That's how they operate. They don't predict anything. They just play their game. Can we play our game? And can we be selective about only playing the games that favor us have a statistical edge? Works great for the casinos, and it might work great for us if we actually do the work and then can actually do the job. That's what the Trader Lab is about. So welcome again to the Trader Lab, and I appreciate you stopping by. And like everything, you know, there's no right way to trade, but I will say this to you. When I get asked the question, what is the right way to trade, I'm going to say, is it consistent, and can you measure it? If it's random inputs, you're going to, in a random environment, it's just garbage. You know, there used to be a saying in the computer world, you know, garbage in, garbage out. Well, random inputs in, garbage out. That's an opinion. Anyway, general disclosure, all book map limited materials, information and presentations are for educational purposes only, and should not be considered specific investment advice or recommendations. Risk disclosure, trading futures equities and digital currencies involves substantial risk of loss, and is not suitable for all investors. Past performance is not necessarily indicative of future results. And please remember, this is not a trade calling room. The purpose of this stream is to share with you market mechanics, how the market works, why it does some of the things it does when it doesn't. We don't know what it will do. So don't worry about that part because nobody knows. And the other thing is, can we recognize behavior? And what is this behavior built on? Well, I don't use indicators. I use the participant behavior. And if you do use indicators, that's fine, but understand the indicator is just a translator. No, and the thing is, it's always going to be translating what's happened in the past. Participant behavior gets you very close to the present. And if you can be closer to the present, it may help you maybe participate in a more structured fashion with minimum input. So now you can measure it. Just one way to approach it. But if you keep waking up in the same place, in spite of your effort and hard work, and you're using derivatives of a process that might not work, but you might not know it, you might think you just have to turn the screw a little. I used to think that that's called curve fitting. And I thought if things fit better, I'd get a better result. But what I was doing is I was always looking backwards. It's like driving Formula One, looking in the rearview mirror when you've got to be looking where you are now and where you're going, not where you've been. So we're always behind the eight ball if we're using backwards looking processes. Now it's not one or the other. But if you understand how the market works and the mechanics of the market, you might actually be able to deploy indicators where they are appropriate. Yeah, FX high. Does this work? This process is called auction market theory. In other words, what is the market? I mean, what's the whole purpose of the market? And that's to figure out what's too high, what's too low, and what's fair? Shopping. Trading is a shopping experience. Kind of strange to think of it that way, but that's kind of what it is. Shopping. And the purpose of the market is to figure out what's too high, what's too low, and what's fair. That's really why we have a market. So does it work on gold? It works on any market where there's volume and there's interaction between participants. This is generic process. We use the ES because it has depth. And for me, when I'm helping traders develop the business, and this is really about the business of trading, you don't want to be trading gold and you don't want to be starting out in Q. I've traded across most complexes in my career, and they all have idiosyncrasies. But if you trade gold, you know what that market's like. You might as well go trade the end Q. So not a recommendation. I'm just saying is all markets behave similarly, but you have to take into consideration the depth skidding and the rest of it on your stops and risk management. So ES has a good depth. And of course, there's always risk in any endeavor in the futures markets or anything. And futures, of course, we all read that risk disclosure statement. So let's take a look at the RTH open. A couple of things. I'm going to go over a few things here. And I'm not going to spend much time. Normally I go over statistics, but all this information and following the stream, all of this information is available to everyone in the bookmap discord trade web chat, as well as, you know, statistics and 60 PDFs of structured trades you can download and reverse engineer. So I'm not going to take the time on a lot. So we have some, a couple of things. First of all, RTH open. ETH high. Yesterday's value area high. That is the outside edge where 70% of yesterday's volume took place. We have yesterday's highest volume or retail price was down here yesterday's close. Let's look a little further down else we got here. ETH low. And this is an outside edge of a higher distribution. It's called the low volume node. I'll get into this more later. And this is yesterday's low. So that's one part of this. So that's the south side of the border. Then coming up the other end, we have another low volume node at yesterday's high. So in the idea today, coming in was the long side based on yesterday's structure. Now, we know there was a report at 9am central time, UOM pre big, big report, very important. And we all know the market. Let's just say we don't know that we suspect that we're in a bear market. Okay. So, but the thing is, based on yesterday's structure, it looked like yesterday's high and the high of the previous two days was not finished. That we could get up into this gap, squeeze out. And that's what we were looking for yesterday. We were actually yesterday we were looking for it to go higher yesterday. And we were on the long side, then the long side failed, we got short at the end of the stream. And as you guys know, the market did the Alcapulco cliff dive yesterday. That was a nice trade. Who knows, right? There's nobody else. Now today, it looked like that. And it was shared in the trade alive by Slaughter. I was mentioning was a bad auction. So I appreciate that. So that's why we had a fundamental input. Well, this morning we had another fundamental in UOM pre. So I was looking, coming in, I just want to know, and I post this in the trader lab was pumping like one in the morning or something. I'm in Barcelona. But my time is really, it's really strange, different time zone that we would get up into here. So coming in before the report, the inclination was to play the long side. And then once the report comes in, that changes the participant potential participant perception of value. So that means if this is an auction and they're taking what they know to try to figure out what's too high, what's too low, if there's new input, they've got it digested and reprised if it's material. So that's how we start. So that's coming in. Also, for the last three days, the highest volume over the last three days was right here at 4,400. So that's kind of like your high volume area. So the market can slosh around this area. So I was looking initially for it for longs and my targets were this. It was kind of where I was going initially. And then if we could get rolling, we always had the possibility to take out yesterday's high and squeezing the gaps. So that was the beginning. And then you go from there. So let's go into the open. By the way, if you have questions, please post them. If you're in YouTube, there's about a 14 second or so delay. So if you post something in there, might take me to see it and also respond. Also, I want everybody to know that this stream is available exclusively to map, discord, short of lab tech participants over the weekend for you. Take it apart. Look at what happened compared to what you did. And just see what makes sense in screenshots and the rest. This is what our job is, is developing traders. So here's our RTH open. The overnight high is a high probability stat, but it's too close to do anything with. So I don't think about it. My stat that I'm going for on this trade is here. And these stats are available in the trader lab if you want to know what the statistics are behind. So market opens. This yellow line is called the developing volume point of control. It's where the volume is. So the market moves away quickly. That is suggesting at the moment this might be too. So now, and I'm going for this, I have no trade yet. This moves higher. Now this is important. Let's mark this. And I have a process that I follow. It's, and I'm a process oriented person and it's kind of, I think, developed from when I was doing systems. The thinking process. And the other part of thinking in process, in other words, it's more formulaic or conditional statements. If this than that. If not, then what? So I narrate the market. It's a real time narration. It's just the way to stay in touch and focused. I don't want to be looking at my email. I'm not thinking about what's for dinner. I'm right here right now. I want everything focused on what these participants are saying. Many of us who use indicators are allowing these indicators to translate the participant behavior. That's why we use an indicator. It's a translator. I translate what happens right here. And this is my indicator, the participants. Our indicators measure mathematically some backwards looking average or something, you know, whatever it is, it is. And I'm here. So when I see this, I don't need something to cross over to tell me it's going up. I think we know that. So, but I want to see the urgency and velocity. I want to see how aggressive it is. I want to see if this is just a little bit of a squeeze. And then we exhaust. I want to see what's happening right here. So here's what's happening right here. Too low. The market runs away. Fires. Okay. Well, I'm thinking I want to get long. This is nice. Okay, now let's watch the change in the behavior. The market pauses here. And now this yellow line, which is tracking the volume, is saying there's more volume here than there was here. So I mark this. I call it a variable high volume note and all it tells me is it's too low. Think of this like shopping. Well, you can't buy an S&P here right now. If you want an S&P, this is a retail price. Now, there's another piece to this. This now is retail. And how do we know what retail is when you go to the store? Retails, where all the volume takes place in your product that you're buying. We're in the S&P store, but if you're in the supermarket, you're buying canned tuna. Wherever the high volume takes place on that retail price, that's what this represents. So that's retail. Now, there's two things that can happen with this. If it's the fair price, we can stay here. Everybody likes this price. It could be too low and we can continue higher, or we can break below this price, check it. And if it's too high and these shoppers up here say, you know, I'm not going to pay this, you can leave the store. And if you leave the store, you have the potential, underlying potential, to return here where it was too low, or just come outside and revert back. So there's a couple of possibilities. Now, I'll forget. Now, the market's been opened about 10, not quite 20 seconds. So this is very quick. So there's nothing to do. We're looking for an opportunity. So what does this say? Right here, there's a lot of volume. Now, there's more volume coming in. This moves down. But this is the auction and all I'm doing is following price and volume. There's no indicator. So this is potentially too high. There's more volume here now. It moves down. Now this is retail. So this is too high. I'm going to market. Now, I always do things this way because I'm showing you micro structure. And it will be important as this progresses because as I get into structured trades, you will already know why. Now, this was too high. Here's the possibilities. This is too low. This is too high. You know, support resistance, right? And you see this little notch up here? That is a micro structure. Let me show you this little volume here. I'm not paying that. Yeah, but it's on sale. And in this little micro structure, there's your high volume. And they left the store. Think fractals like Russian dolls. Write that down. In fact, take a couple of notes. The market operates everything you're going to see here or in any market. And that's why you guys think of timeframes. You know, you look at your daily, your weekly, your monthly, whatever it is, your 60 minute, your 30, 15, 5, you know, right? Time. Well, this is not based on the clock, but it operates in a similar concept, except it's not regulated by a fixed structure like a clock. It's regulated by the participant behavior. That's why it's the auction, not a five minute or two minute or a tick or this or that. It's none of that. It's just, what do these guys say? It's language. Can you interpret it? Right there? It's too high. They leave the store. So that's a fractal micro structure. Now, here's the next piece. This yellow line is in the developing daily time frame. Let's think of it as a higher time frame up from the little one. I think Russian doll. So I'm going from the smallest little Russian doll with volume. And now this is the next one up developing daily time. That's its volume. So it's inside of each other like those Russian dolls. So right here is too high. Now, I don't know what's going to happen. There's my seller. I come back and test that volume. I'm not paying that. Okay. Now this pops up because there's more volume here. Is this too high? Well, now is this too high? If it is, I can either just rotate down, come back. That's called mean reversion or reject it. Let's see what it does. I rotate down. I come up. Don't forget I have a target here. So what I'm trying to do is narrate. Now, I don't have a trade. I'm trying to get an alignment. But let's watch. So this is too low. I was looking for this to be too high. And I have this as a target. So I'm trying to find because just the fact that this is here, by the way, doesn't mean anything at all. It's a target. It means it has a statistical probability. It doesn't mean anything more than that, you know. So let's watch. Liquidity comes in the book. Liquidity is pressing in the book. This is too high. Remember that. Now I took it out. Okay. But I'm back under it. Let's watch. Remember, this was my target. This is too high. But right here, I don't know. You know, I'm sitting here and I'm going, what's going on? This is truly how I think I'm going. And if it's not clear to me, I just have nothing to do. These are suspects. So what I do is I narrate it. And I'm looking for a short, but I have a target, you see. So I'm saying, what do I want to do? Do I want to get short? Well, I came in wanting to get long. And I have a statistic, so I'm a bit perplexed. So there's a couple possibilities. If I fade this, I know that I have my opening swing low down here. And I know this is too low. If I take a short, I'm going to be targeting this. If it only pulls outside, and I see buying structure, I can now target this. I have two possibilities, but I am aware of this liquidity. So let's watch and see what it does. Right here, I break below the volume. I pull back here. This sets up a potential short here. Now, it has to get below here to here and then potentially lower. So we'll see what it does. We come back, we check. So right here, it needs to stay below this level and this move down. So let me show it to you. So let's look at it this way. Now, we don't know, you know, like, okay, took that out. That's great. We break down. This yellow line now is retail. We can either do the file. We can come here, push higher, or break down. So this is a short here. This is a short here. If you can't get it here, you may or may not subject to your skill. Remember, once we're under here, this is to I. Where do we test? Let me show you. We test this volume right there. Trying to get the pointer. You kind of see where it is. It's an alignment with that. I marked that on the chart. What else do I have? Right here, I have the liquidity. So I have alignment. So this subject to your skill set and your plan is short. Grade fails above here. So chop, chop in here, and you've got this, right? Break down. Your stop can be above here. Now, let's show it the next place. This is a potential short here. Now, what do we know about this right here? Well, we know that was too low. So what we're doing here is short, short. Now, right here, we drop down. And what do we want to see? We want to see it push this way. It goes the opposite way. So this is your warning. I call it a warning will Robinson moment. This is your next target here. Why? Because right here was too low. And the buyers were activated here. So there's a couple of things we know. This was too low is the first area that's marked right there. Also, we know if this is the opening swing low, that there's going to be stops under it. So when I'm short, I'm thinking about where's the fuel? Write that down. Where's the fuel? Where's the stop stops or fuel? So when we come under, if I exhaust out, and the other thing about this is so you'd have your short, that's all fine. How do you manage this thing? Let's take a quick look at that. Okay. Right here is your micro high volume. See this little node? Let's look at this. Now right here. And you can see this. So this is what's going on. We move down. And we come to an outside edge. And there's this little distribution right here. Let me open it up so you can kind of see it. It looks like this, you notice only 26 contracts went off at the low. That's kind of exhaustion, would say. And then we rotated. This is a consolidation in the microstructure. I mean, it's only a couple ticks, you know, we're talking a point. Here's liquidity in the book. Algorithmic behavior pushing. Cell stops come out. Thanks for playing. And now nobody knows. I mean, you're looking at this and I'm going, oh, this is lovely. Right. Well, what happens? Bang, there's a change in behavior. Let's look at it from this side. Seller. A little volume. Seller. Volume. Seller. Check. There's your volume. Seller. Here's your volume. Seller. Looking good, Lewis. Oh, buyer. Change in behavior. Now, if you're managing a trade, and this is something you have to vet for yourselves, how do you do? Well, you might be trailing back behind here, because this volume here in micro world, this, we rejected it. So this is a consolidation, right? This is an auction. And if the price is too high, the shoppers leave the store. So it's looking like it's going south. Now we have another consolidation. It's an auction. And we want to see this. We get that. Now, right here, this is resistance. There's your check. This is now support. Right there. There's the high volume. Think of it like retail. I think of these like little stores. And all they are is consolidations. But mentally, I make a connection to where the volume is because it's retail. And the thing about retail is what happens if at this price, at this time, they sell out at S&Ps, you can't buy them at this price anymore, then the market will go where they can buy it. And maybe it was really too low here at the time. That's the case. Now there's a couple of ways to look at this. And this was too high. You see them leave the store. Now this is too low. They leave the store. They come back to this store where it was too high. Right here, you can see the test. We can either break down or break up, of course. While we break up, the trade's over. Is everybody tracking? It's one way to kind of think about it. So let's keep going. And the thing about this is who knows. So the thing is we come out, we take out the opening swing low, we take the stops out, and then what? We come back inside. This is called mean reversion. And we're waiting for a report on 9 a.m. central time. Everybody with me on that? And here's, so this is two-sided trade. It's a specific context. Now right here I have no clue. You know, I'm looking at this and why I want to be long. Well, I do have a statistic. Remember, I was going for this, which we didn't get to. So subject to your plan, you'd just be waiting for a structured trade. I don't call trades, but I can tell you what I saw here. Right here, we see the buyers. Now who are these buyers? About 883 buys stops, 38, 40, 34 into the liquidity and selling icebergs. Now I am not any good at trying to tell you the higher low of anything. It's not my skill. I figure somebody else deserves credit for picking highs and lows. Not my thing. I don't do it. So, but what I do is I'm going to be always looking at locations and at behavior. What do I have here? Look what I have here. I've got liquidity here. I've got liquidity up here. And I have the stops going on. I don't know. I'm just going to tell you, I don't know. So it's not my job to know. Right here, I see a seller. And now let's go look at volume. Volume is here. Break high. Now right up in here, you can see a little node, a little notch. Now it's great in hindsight. You know, I'll go, oh, look at that high volume. Well, at the time this is happening, I can't respond or react to it. I can't. Wouldn't I love to? Yeah, I'm just not that quick. But I do know. Let's look at this. So, because why not here, right? Why wasn't this too high? Or this one, right? I can't react to this because I don't know where I'm at. I'm kind of in space here, literally. So I come up into this, you know, no idea. Here's volume here. You can see it there. Now I don't know. Just saying. Just want you to know I have no clue. So I see selling. Now it can just be a rotation down and come up. I don't know. But let's look at this. So I see this. This was right here. We went above it. So this is support. I break below it. I come back here. Now it is a potential short. The thing is, how do I get into this thing? So my volume is here. You could see it there. So I have this is too high. And now this is retail because all the volume is over here. So if we break down and come back, I can sell it against there. And my risk is going to be up. Let's see what happened. Where was my risk up there? So my risk is up to just over 90, whatever it is, 4407. Everybody tracking. Can you see it? I'm not saying it's a trade anybody should take. I'm saying that's a structured trade. And it may not if it doesn't fit your risk parameter, then you wouldn't be involved. The other piece of this is let's assume that you don't want to get involved over here because it's outside of the range of your risk. Now this is the target, by the way. So right here, let's just say you pass on the whole thing. We come back up here. Well, you know, in the microstructure, because it says it, there is too high. Why? We couldn't act on it, right? But it says it. It's speaking. This is a language of participant behavior. That's why I don't use indicators. It's speaking market. Now the thing is, I don't know what's ever coming back there. I just want you to know I have no idea. The beauty of this is it doesn't have to come back there. If I don't have a trade, I don't take it. It's like buses. There's a bus coming by every 15 minutes if it's in your trade plan. If there's no bus or no structured trade that's vetted, there's no trade. It doesn't matter what the market does. It's just like the casinos. They only play the games with the statistical edge. They don't make them up. They don't gank them out of thin air because they're bored, you know, like we do. They just wait. So this trade here is where it fails. Now it never has to come back. So I'm sitting here and I'm saying, oh, you know, what do we all say? Gee, I wish I would. I wish I would. Whose voice is that by the way? You know, Jekyll and Hyde, don't you? Jekyll, Dr. Jekyll, the intentional, intelligent, deserved, and then Hyde is the unbridled emotions. I wish I would, which is what? Emotional triggering FOMO. When you hear that in your head, meet Hyde, which is unbridled, uncontrolled. That is the voice that's always operating in your head that can wreck your career as a trader because we want it. We're wired for it. It's not in our best interest because that'll take us out of the business. But why didn't I? Gee, I wish I would. Any of that stuff? You need to purge it out of your head. The casino doesn't make the games up. They just play the games with an edge. That's how they make the dollars they make because they're not the gambler. So I suspect it might be better not to. If you want to gamble, you go to casino, throw down whatever dollars you're willing to throw away, get the coupon to the buffet and a few cocktails. Because now you know where you are. You're in the casino. This is the business of trading and you want to be the house, not the gambler. The way you do that is waiting for you. So this is too high. That's why that's our location. This is a short. I'm going to show you two ways into this. So here, here, now even here, it comes up, you're going, you know, I'm like a deer in the headlights. And now I get this volume here. Chop, chop, chop, chop, chop. Here. Seller. Okay. What does it do? Let's make sure this is really too high. Short. So what do I have? Let's look at fractals. In the microstructure up here, it was too high. I come back here and check it. It's too high. Now it's too high in here. There's my seller. So I had too high. There's my seller. I come back and check this right there to the tick. Boom. I chop, which is my consolidation. There's my volume. There's my seller again. I come back and check it. Is it really too high? Yeah, it is. I sell it. My stop is here. Not a recommendation. And then I'm going south of the border. That's the trade. Sorry for the long-winded explanation, but you know what? That's what's going on. That's trading in the sense of trading in fractals and understanding how the auction works. We don't know what the market's going to do. We don't know how it's going to do it. We don't know anything. So our job is not to know. In fact, our job is really to know we don't know. It's much more important to know that you don't know than it is to think you know. Because as soon as you think you know something, you're closing your mind off to all the other possibilities. So it's really important just to be in the flow with it and to know before the market gets anywhere what the possibilities are. And then act accordingly. So you have your short. Now we have our report at 9 a.m. Now the report of course is negative. And of course you don't know at the time, but let's just suspect it might have been. And then what? So now this is this yellow line is our developing volume point of control. And what it's saying is this is retail. Well, we have a couple of things. First of all, the report comes out 9 a.m. U.M. free. Get the report. Now I'm going to show you some more. This one, I think I narrated this one in a trader lab. Let me show you more fractals. So if I can isolate this for you. Okay, so this is too high. There's your seller. There's your test of this volume. There's your seller. So this is too high. Right here. We test. We're testing this volume. This is testing this. There's your seller. That is testing that. There's your seller. So this is too high. This is too high. So now how do you get on this thing? Let's go take a look. This here is called the low volume note. All of these are distributions. So when you fall out of one of these and you fall away from it, you started a new distribution and the way to operate in these things, it's called mean reversion. And what it is is outside in trading. And if you think like Russian dollar, you think in fractals, you're looking where the high volume is as retail and where's too high and where's too low. The market rotates. Well, if we think the market's going down, which I think is reasonable at this point, and you only want to be taking shorts, assuming that's part of your plan, to trade outside in. So where's the outside? 93. And what was too high? Retail. 94. What created 94? This. And we rejected it. We tested it. If we come back inside up here, we come to an outside edge, which is there in there. And this was too high. I want to do is consider the possibility of getting short with a stop above here. So I'm going to lean against this. Why? Because it was too high and you saw the selling. Okay. So I know this is the last place. Think of it as resistance. So it's too high. So if I come back outside. I have 93 and I have 94. It's too high. My stop has to be above. Narrated this in the trader lab. Participants. I don't call trades, but what I try to do, say, serve. Think about it. Where might the next trade be? It was a short. Which I posted in it. The idea. You get caught up over. I think that's a pretty good trade. Now, 43 60 is interesting. The we had a lot of liquidity here. And one of our members in the trader lab. It's not full. Pointed this out. It was a good thing to point out 43 60 had resting liquidity. It's also an outside edge of a. Higher time frame distribution. What that means is when I was showing you this little trade with an outside edge. That we came up into it. And then we went the other way. Well, the opposite is if we have one of these below us. From a previous location that we left and then we went up. If we come back to it and go through it, we can accelerate. So this is a very important level right. And look what's below it. Yesterday's low. Is there any doubt in your mind that the potential exists to take out yesterday's low. So. That being the case. We come down here. And what do we see? It's always amazing to me. So we have this is algorithmic behavior. See how they're coming down. This is standing in the book. We have cell stops coming off. We have by icebergs right under here. Covered up. Somewhere. Yeah, a hundred. 110 buying icebergs in this area. So they're buying. Now, when you see an iceberg, there's no way to know. Are these guys getting longer just coverage? I've never figured out what they're doing. Because we can't know what they're doing. Everybody operates differently. Time frame. This liquidity is sitting in the book and it was pretty deep. So at this point. We get our buying. So now the question becomes. Are we really not going to take out yesterday's low? Are we? If we get through here and I posted this also in the trade lab. I said if we get through here. We can. There's two possibilities. There's always two possibilities in trading. But I always have to think from both sides. One is we rip under here and come back in one possibility. So out. Take this out. Yesterday's low. Why there stops? If we exhaust and come back in, we might mean revert. Not a recommendation. I don't know what's going on with this. I'm just as I am. But let's watch and see what it. At this liquidity. Now right here. Now there's two possibilities. We can either, and this is a structured trade. Not a recommendation. If we push off. It could be a potential short to test this low. If we break above this, we can come back to the VWAP in the mid and. Or not. So let's see what it does. This is a trader lab structure. I haven't seen any of it. So I'm just telling you this is what the structure trades are. Now you can see this. See the liquidity. See the liquidity. See the liquidity. This gives you support. Now right here when this drops. Remember high volume. What happens with high volume? Let's go back. This is high volume. I had my seller. Too high. I come back and check it against there. Too high. Fractal. And this now is retail. Is it still too high? I have a confluence of behavior. You saw my seller there. You see my test back seller. And you see this drop down. Too high. Too high. Too high short. Is everybody tracking so far? Does this make sense? I'm sorry. I'm not sure. Absolutely. So where are we anyway? Let's go take a look at this. Here we go. So this is a short. This is important. Now I posted this. I wish I could probably drag this on here. See if I can find this for you. Try something and hopefully I don't make a mess of things here. I don't know if you can see that. 60 is a CLVN. That's a composite low volume area. It's like it's the same as one of these except in a higher timeframe. All timeframe fractals behave the same. A CLVN is a low volume area in a higher timeframe. The reaction can be the same as when we get into any low volume area and any fractal. But the higher you go, the more extreme it can potentially be. Not a recommendation, of course. More than that. It's the higher timeframe Russian doll. Think of it like any other district. Outside edge. It's an outside edge. Okay. Anyway, by the way, this is what goes on in the trader lab. There's a lot of interaction between the participants. They post charts. Different things. It's an interactive community. We even have some fun sometime. Surprised. Remember the pieces. Context. Structure. Trades. If not, then what? Potential context change. Or what? Observe the outside edges. Anyway, that's just the kind of stuff that's in the trader lab. A lot of great work gets done. A lot of leveraging of our collective experience. You know, there's no right way to trade. But I will tell you, we could all figure out what the wrong way to trade is. Because a lot of us do that. One of our participants. I don't know how many of you know, we do that. One of our participants. Basically, he is, became funded. Under trader. You know, you could probably find out more about that. We don't. That's not really what we do in the trader lab. But if you develop skills, the goal of the trader lab is to help traders create courage and trade. And everybody, it's not for everybody. Obviously, trading isn't for. That's the goal. And what I do is I share, I share with my friends, and you know, I had to think how long it's, 43 years I think at this point. And started in 1980. And my beliefs about what trading is were really, completely unfounded. Because I just thought, well, what was logical to me was, but I didn't understand we're in a gaming business. And this is what I was posting about. We can rip through these. Stops are under yesterday's low. 1,800 sell stops come out. This is when your broker sends you a gift basket button. Have you ever gotten one? And then what? Mean reversion. So this is, now for me, I don't take the long. I do know what this is. I do know it's an outside edge. And I also know it's no different than this outside edge over here, except this is on the upside. This is on the downside. That's all this is. This is auction market theory and fractals. Once I take these guys out and this, and then it exhausts, and I can't pick the bottom of anything. And I'm back inside here. This is on the table. And this is on the table. Not a recommended. Is everybody see why? And can you see why I posted in the trader lab about what can happen at these outside edges? All we're doing is fractals of the same behavior. This little low. This out here, this low volume area. The market has a tendency to come up into these because they're poorly auctioned. What creates them is we run away from an area. It's not auctioned auction is chop, chop, chop. Well, this is the express train. Well, what's in here? The market hasn't really spent much time in here. So it has the potential to come up into this area. Here's the other thing. What's here stops? What's here stops? What are retail traders do? They all do the same thing. Write this down. Think like a retail trader. Don't act like one. Write it down because think about what you would do and then ask yourself, do you want to do it? Are you the only one? Because if you think it, others are doing it because we're very much the same in the sense that retail traders behave. And the failure rate is horrendously high as you probably are there for retail traders. First of all, why? How about a lot of them are doing really the same thing or derivatives of the same process and statistically it doesn't work for them because they don't understand the business of trading. They just don't understand. It's not their fault, they just don't know. You get a software package, you get all these wonderful indicators and knock yourself out. Out of the business. Now of course, there's always exceptions and I know we're all special so we all think we'll be the exception but I'm going to suggest that the needle in the haystack has already been looked for as soon as they knew there was a haystack. Everything that's in the public domain has been gone through, sorted through, sifted and I believe the best minds on the planet are working to take your dollars away from you. I mean, you know, guys who could put a rockin' on Mars. They're in the financial industry. The brightest minds, quants, these guys are just unbelievable and brilliant. You know, PhDs and math physicists, these are our competitors. I'm going to suggest that if we know we're competing against that kind of firepower, not only intellectually but companies, hedge funds that have huge resources to play, you know, and to extract information and take our dollars, I would suggest that we don't do it ourselves. Of course, you know, you're getting good results and you should not change anything but most of us, what happens is we think this is a business of fitting, you know, timeframes, indicators and the rest, it's not. It's really a business of randomness and an outcome. So if we can understand how the market works and not be dependent on backwards-looking indicators, we might actually have an edge over our competition, which is primarily other retail traders. Now, the outsized moves that take place can take place when other timeframe participants come into the market. By the way, right here, so this, I don't take along here. Okay. I do anticipate this. Now, I also know that we can do this or not. I know, I don't know also, but I do know this based on this was in the cards, getting under here in the cards. Why stops? If we run out of sellers, then what? Now, who's on the hook? Shorts become the buyers, right? All the sellers in this lake and where else are there stops? Think like a retail trader. I hope you wrote this down. Don't act like it. Where's their stops? Here. Now, there's a couple of potential trades in the trade-alert. These are not recommended. One of them is going to be up in here potentially back into this area. And I have no idea here, could hear, but we know there stops at the mid and the V. If we get that, the potential is for it to come back here. It's called VWAP to V-POC. And it's not a line in the sense where you put an order in and you go to a lunch. It is a structured trade. What the idea of this trade is is to take stops out and this was the last area where the sellers were activated. So we know that retail traders keep their stops here. So what we're going to be looking for, again, not a trade recommendation because this can change. In fact, there's two trades. This area right here and this area up here. So these two areas are going to be areas to observe for potential short here then wherever. Wherever it's and it doesn't have to do any. It may only come up here. I don't know. But it'd be in the book. Now right here going to be looking. I have this swing. So we just took these stops out above here. Let's go always have to look left and there's stops here. I do not join in and it doesn't matter to me if this is the high of the counter rotation and I always have other ways to get into I don't want to step in front of stops. Now I can certainly see the liquidity here. I certainly can see this. I also know they might just come in the book, give it a little tickle and then push from the other side and pull this side and trap detail trade. So let's just watch. By the way, you know, if you here's something that's really important, you should be keeping a journal of everything that goes on. How do you feel right now? Suppose you missed the down move. There's a conscious side of you or trade. The other part is, darn, I missed that. And you feel like you got to get it even though the bus has already left the station or the train, let's say you feel like you need to do something. That's FOMO. You need to recognize what FOMO is because your emotional state is going to take control. It's very much like being under the influence of chemicals. Some alcohol, whatever. And in your mind, these chemicals are released, fight and flight and all this. It's like being intoxicated, really. And you can have intent on a conscious level. But did you ever ask yourself, why did I do that? Why did I bail out? Trade didn't fail. Why did I move my stop to move it at all? Why did I do that? The reason you do it is there's two parts activated. There's the conscious and then there's the wiring and the limbic system that's, oh, saber tooth tiger, I'm out of here. I'll see you later. That's what's working. So you have to recognize your emotional states and learn not only to manage them but to know triggers behavior that's not in your personal best sense. So we have this area for potential short. We have this for potential short. We have this as a target and potentially back to our low or low. No idea, not my job to worry. So I have nothing right here except structured. And I think that's okay. But here's the other part that I think was important. Before this got ever down here what will happen? We know the possibility. This is a key location and that we could rip through. We know there's stops under yesterday's low. Now it could keep going. Of course, but what does it do? Takes the stops, it exhausts and once we're back above here this is this. Then once above here, potentially here. That's the trade. So now we're just going to see what it's going to do. Sometimes when you're trading, it's not about, gee, what do I do? I need action. I'm sitting here. I'm not an hourly worker. What you are is a casino. You're the house and you have a structured trade that you're waiting for as a statistical. In between you have nothing to do. Your job is not to make games up, play games that don't have an edge. So your job is to wait. But we're going to wait. And remember we're not calling trades. What's the point? I can tell you where the trades might show up and I have no idea what they're doing. So there's no point. The thing is in the trader lab what we do is long before this happens because we work on understanding market mechanics we know what might happen. That's as far as it goes. The casino knows what might happen when they blackjack. They know over a large random distribution of outcomes that over time the dollars flow to the house. That's what they know. They just play blackjack the same way but they can't control the outcome. That's the business worry. We can't control anything except what we do. So if you're out of control you really shouldn't expect a good outcome. I would suspect that some dealer started making the games up and started just dealing cards out randomly that that dealer would be superior from the floor of the casino. It doesn't work that way. So they only play games with a statistical add. Setups or games. I'm just using it as an equation but it's gaming. So wait for your trade. Also remember I said write down this. Think like a retail trader. Don't act like one. Why would you sell this if you know the stops are at the. See. We know it. You know it. So and what else do we know? There's a good chance that when we come here we will see selling and the following can happen. First of all I would I prefer it's just personal preference is that I don't like taking this trade. It's just personal. Why? Because this is what retail traders do. And it's always a conundrum because this is a structured trade. I want to see stops come out. So often what happens is you get mechanical traders and don't forget the gamblers and they get paid. Walk out with cash and you see the counter rotation. You think you missed it and you can either come on you know go to target time or you get this rotation and then it comes up takes the stops and then comes down. So where does this trade fail? Now here's the other part. This is our low volume area. When we come up here we can accelerate because this is poorly auction. It's the same thing that happened here when we went down through this low volume we accelerated we came down through low volume note. This is a low volume note up here. It's an area of low volume. We can do the same thing we can accelerate through it because it's poorly auctioned. It's just the opposite of this. So we went through this one and got the stops under here thanks for playing and then we came back inside. That puts this on the table mean reversion and the opposite. This is mid and VWAP. This was yesterday's low. What do they have in common? Stops under the yesterday's low stops above the mid and the VWAP. Is everybody tracking? So this is what they have in common. So if that's the case now right here now anything can happen right now for me I have nothing to do go up here in a structured trade but I'm going to show you some micro structure but this is advanced I'm going to show it to you and these are not recommendations this is micro none of these are trades I don't call them but the other part of it is the smart trade is the patient trade let's look at this micro structure there's your volume just going to show it to break, micro, test potential short it's not a short I'm just showing you a structure so you can see how to read market do I need it in what's my indicator going to tell me here I don't know don't use them so I can't tell you but I can look at this and I can see this and that's a short now and that's not to tell you that I anything more than structure now if it's not in alignment but here's the thing I know somewhere out here is an outside and this is called mean reverb if this this short works it's coming here and I don't know the better trade the structured trade it's not a recommendation is out here up in here a range but this might be all it has in the tank let's go let look left by the way this is what created the low volume the break it's not auctioned and what's difficult about this kind of trade it's called mean reversion and what it is is outside and trading the hard part with outside and trading is where's the outside that is really hard and it'll fool you so when you get into this kind of trade this is very aggressive trade it I don't of course recommend it unless you're advanced there are traders that are a trader lab it's kind of but they also will take a lot of trades they'll bail out and in other words they take a lot of trades and but the thing is to be able to read this and get short here with a stop here you also need to be operating knowing this is your target ahead of the fix 3 2 and you get a scale so it's a minimum block configuration so if you got short here stop here you're going for a risk neutral with a one lot and then you're going here or you're going here for your scale a little ahead of it and then you're holding for lower and this is advanced this is trader lab trading and I don't like discuss again in the stream because I don't want anyone to think that they should do this because no you should not unless you understand all the components you see why well we're in a trend we're going down we might have hit the low of the day already or not not my job to know and it doesn't matter I know that if I come outside somewhere this is the mean so this is called mean reverse I know there's stop sitting here and a little higher up I know I can squeeze out these guys and this is in the more range I have back to here the better it is that's what I know so this is more scalpy but what I want you to see is what a trigger this is a trigger now it's kind of out in the left field because it's out here and the hard part with mean reversion is where's the outside is it there is it there there that's the hard part you didn't think this was easy did it's random is it easy I don't know I don't think so I think what's hard about it is living in randomness I don't think trading is hard I think managing our emotions and accepting that you have no control is hard I don't think this is hard at all I think we make trading a lot more difficult than it used to be it's the emotional aspect of this see this is your volume remember we're shoppers I'm not paying yeah but it's on sale yeah but I'm not paying that yeah but it's a good deal really I'm not paying that this thing is not worth it well what's retail well a couple possibilities is this too low and we'll go up and squeeze these sellers out in this leg or are we coming back here that's the mean reversion and we also joke in the trade lab yeah that's mean yeah that's mean but this is the mean reversion now this is not a structured trader lab trade what I share in the trader lab is 60 PDFs of structured trades this is an example of one of them the thing is this is not it this is the structure of the trade it doesn't have the location of the trade the location is a so it's either here or in here see the low volume it's right here 382 that's where the low volume is it's right here so what happens at low volume areas we can pop through them and we want to see if there stops here and we're going for this in a micro structure it's the same trade from here here so you could be doing frat remember I talk about Russian dolls it's fractals right so this is a fractal here to here if I come further outside it's a fractal from here to here it's the same trade from a different location and again these aren't recommendations this is advanced it's aggressive this is not for anyone who does not already have a vetted plan and has already understands the broad strokes as you get down in time frame or fractal it's you got to be much more sharper immediate because you got to if you're running in the middle of traffic like this you've got to get risk neutral so you can't be entering here just it's not going to go because this is where it was too high you really got to be on this thing and get scaled so if we come above here then we come out here and then we're coming back to this this is the location remember structure trade if it's in your plan and it's feted or up here here this area that's the structure trade this is micro structure and you can see it's starting right here it's got to hold this or else it's just going to take these guys out so we'll see any questions so far how we doing in YouTube so let's watch the behavior right there is your high volume so in the micro structure think Russian doll this is too high if we don't get above it we have this if we take this out we have that that's about as deep as it gets guys and so let's just watch it this is not a trade recommend just showing you triggering behavior right here is your resistance so if it breaks down from here the potential to here if it pushes through this then these guys get thrown under the bus and that's as deep as this is see what it does not a trade recommend just observe it think it through think why here's the real question about you're looking at your indicators is it telling you why other than you had a line crossed over well this is telling us what happened which is right there which is volume which is retail shopping and in the store at this time they said this price is too high they all went they all left well now we come back to the store is it still too high you think well if this is still too high up here and let's come back here or not this is this is what it is so let's watch this is kind of why I've I don't use indicators because I can I can use I don't want to say a shoehorn in a scalpel but I'm kind of risk adverse I'd rather trading this would stop here or a retracement it's short here not a recommendation would stop here I mean look at that you know six eight ticks I'm all right with that and my first job is to get risk neutral so you know short is here I'd be risk neutral worst that happens is I scratch my trade my broker likes it but I also understand it creates these levels and what the market mechanics are this was what's retail so what I'm doing is retail and microstructure mean reversion outside in this is called mean reversion so the mean is in here and if it's too high I come back here and if this is the outside edge and this is the nightmare of all of this is where's outside because it's random right so except anytime you put a trade on whatever whatever right if it's going to get back to the mean it's coming here if we can't get back here and you've got algos and all kinds of nonsense going on we have no control over what they do right they'll take this out then it's gonna come here and then the next trade will be wherever your structured trade is it's another hand dealt in the casino that's really what's going in is everybody tracking do you guys see structurally why this might be a rotation down to here it's not a trade it's just curiosity I'm sharing is everybody tracking how we doing in YouTube is this making sense Kevin if we test the VPOC from above is it a long for me no but that's just me it doesn't mean anything I just it's kind of like whatever happens happens I mean if this might be the low of the day or we may take it out later in the day in the Alcapulco cliff dive this right here if it doesn't get here it's going to squeeze these guys out and then it goes up here what I know is in a trade plan before any of this happens I know what I'm going to do I know if I come outside I'm looking for outside and trading this is my target somewhere that's always the question you know that is the joy of randomness so then if this is too high this is a short which I narrated is I don't call it I'm just giving you examples of structure so I'm discussing this stream the trader lab is where we work on the mechanics you know this is the test and once you understand the language it's like reading music or dancing there it is that's the target now after that and again I don't know anything this is the thing that takes me off the hook I know I don't know so it doesn't matter so let's see what happens here and again we're going for this now and remember what is my job well first of all to only take trades based on a vetted trade plan like the casinos only play games that have a statistical edge we are in the gaming business if somebody asks you what you do you're really what you are as a shop and we are playing a statistical game each setup as we call them are the same as games in the casino they play in the same way they don't know what's coming out of the deck from the dealer and they don't know how the gamblers are going to nobody controls anything except how the game is played and the casinos only play games with a statistical edge they accept the randomness but they know over time dollars flow from the gamblers to the house casino just don't know which hand what when nothing they see losses as overhead and cost of production why should we feel feel differently you notice I said feel differently we are attached to the outcome I can assure you the casinos are detached it's just a balance sheet to them it's overhead why do we feel differently because of our emotional needs and attachment that is the ultimate obstacle there's our target but does everybody see why you know I'm allergic to calling trades because I think you don't need me to help you to have a losing trade we all can do that but the important thing about this stream is to help you understand how the market works why it does what it does how you might get along does this make sense you see why is everybody with me trader lab yes no okay how we doing in YouTube can you guys see this trade and did it make sense to you so where was it how about there there's your high volume here's your low volume outside edge so now what do you do with this trade never of course discussed other than as an example of behavior the short so this is your target then oh where was it too low back here right now let's come back and look at this thing this was too low out here that high volume so what you'd be doing with this is you would be managing and trailing this trade now remember what was our risk on this trade well if you get here stop is here got in over here stop is there so what is that oh he that's cheating did not follow this is not a trade calling room I don't want anybody you know look everybody takes stops in this business and it's just what it is you know but my goal here is to help you guys see I don't use any indicators it's all right here for me it's all in the participant behavior so and the thing is when might your indicator tell you to get short I don't know I don't use it but for me because I understand how the market works and I can read it language remember language all your indicator is a translator that's all good except I have to see this in multiple dimensions I also understand what this was and why we came back in that we could come back up to this outside edge and what we're doing now is we're trading a rotational mean reversion now I don't know where it's gonna go you know you know but I have structured trade so this is structured trade for me maybe not for you and unless you have some experience with this this is not where anybody should be taking a trade the structured trade would be further and it still might come there I have not my job couldn't tell you where it's go by the way let's just see where we let's get back to structure but let's look this was too low we had volume here that we rejected here so we have this swing you have to manage your trade also that's another conversation and this is the kind of stuff we work on in TraderLab I hope you're getting something out of this you know and the thing about this is if someone says what's the right way to trade I'm always going to have the same answer because there only is one can you measure it and measuring doesn't mean did your P&L go up it means one specific behavior or activity type with the same exact inputs for me the input is called mean reversion which is outside in and it's not my favorite mode and I'll tell you why there's certain setups call them that I like and it's same in the TraderLab then there's this now this is a mean reversion trade in other words mean this is the mean so it's outside it but I never know about it is is this it or do I just get this and then it stops me out and comes up here I know when I put this trade on and I already said this but I'm just going to reiterate it if I put this trade on and I get taken out this is my next location right that's in my opinion what you need to be thinking not only in the present but a couple steps ahead in other words all right if it does this and it's this narrative I always talk about it's called narration if this and that if not then what if I get my come to an outside edge and I know the mean is here and the low volume areas out here I have this location because there stops and depending on how far out I come I have the possibility to come here that's what I know so this was for this I got five minutes left so if you guys have any questions now it's the time to throw them in there by the way if you're getting something out of this give a thumb up in YouTube and if you're interested in 60 PDFs of structured trades that you can review research reverse engineer you're all welcome to visit the trader lab there's a link in the bottom of YouTube visit the discord map discord chat come to trade a lab you can download the 60 PDFs of structured trades I'll show you what there's also a library of webinars I've done some up to four hours long of real-time narration saw this one and but I don't have the time anymore on four hours with this live but there's loads of those already in the trader lab are welcome to also you know to review but the first one you ought to look at is the primer webinar which gives you a high level overview of this process I'm sharing and also an understanding of the business of trading the reality of the business everything we think about trading at least for me it was you know I thought I'd throw a bunch of indicators together and tweak them in two at a time all that same stuff you and that that would do it and then it was maybe I gotta make it better doesn't quite work just adjusting and tweaking and that's the other term we have that's called curve fitting so I'm just saying and then system design I thought I overcome that problem by systematizing it and optimizing it same thing so also if you know so if you're interested in this visit the trader lab the you don't have to be a book map subscriber and you won't be solicited and basically I think it's a great community like mine traders you know we've all done the same thing and most of us think that we're going to find the needle in the haystack I'm just going to suggest most of us have really you don't understand that we're in a gaming business and trading doesn't we make it complicated because we think clarity is it's the opposite complexity obscures simplicity and shopping is a pretty simple endeavor all we're doing is shopping but I'm not paying that that price is too high I'm leaving the store do you like shopping you come back to the store yeah but I like this store it's right down the street oh I'm not paying that let's leave are you sure I'm not paying that out of here and where do we come I don't know the point is you would be managing your trade separate conversation piece that's you know part of the trader lab where do you get out of this thing well that's another piece how do you do this isolate structure trades or setups same thing what is your probability of getting risk neutral trade on versus taking a stop you will take full stop welcome the other part is how do you manage to trade statistically what are the targets to give you a probability that you want to transport there's a number of pieces here and this is what we work on in the trader lab and we leverage our collective experience if you think if you've thought of it someone's already done it if you have the magic eight ball with all the answers I ask mine should I get longer short mine says ask again if I try magic eight ball and many of us think we're in the business of predicting I can assure you if you got something out of this today you know give a thumb up and you visit the trader lab the link is in the bottom of you say hi and not only is there the trader lab which is a community of like minded traders average their collective experience to get better the idea of the trader lab is to help traders build of course past performance not everybody's mileage will may vary there's a lot of elements that will be successful in trading a lot of them are psychological and the reason you want to vet things and have statistics is to help you manage your emotional state if you're in unleashed emotional state you cannot control your behavior if you have statistics it gives you more control potential to control yourself and again mileage may vary also there's a lot of additional free education available to everyone and trader lab end book app discord chat stocks options crypto order flow to the nth degree with a high tier tool algorithmic behavior market maker options and it's a swing much much more it's a great community I invite you all come visit the trader lab download the 60p f's here's what they look like give you a quick look at them if you haven't seen these before and it's very simple you know trading I think we doesn't have to be complicated it's not easy but that has mostly to do with us once you understand how market works and you take the time to reverse engineer and bear your game or edge exists when it shows up your job is in a this explains why plus the webinars I've done watch those you'll get an understanding of what I was doing today I do the same thing every day nothing different what market is random I try to be consistent and there is no perfect performance everybody we're all in the same boat as far as randomness but the casinos they're building those casinos they're they still pay the gamblers they still bring the high rollers in they still give you the ticket to the buffet and the cocktails and I'll even a hotel and give you tickets to see a Dell and make a profit why because they only play games with a statistical edge they claim consistently they don't make them up and they accept the random outcome of any hand we are no different and we play the game or do we want to be the gambler want to sit on the house side of the table or do you want to sit with the gamblers up to you maybe I want to sit with the house thanks for visiting the Trader Lab by the way guys this stream is available exclusively Trader Lab participants over the weekends you can go over screen shots mug shots and everything else and take it one step at a time work on your goals view the streams view the library of webinars that are available to Trader Lab participants and move game full thanks everyone for visiting the Trader Lab today I hope you got something out of today like everything the outcome is always random anytime you interact with the market but if you have a plan and the ability to execute it and be disciplined I do think there is a true opportunity for everyone at least to have the potential maybe have a career of course past performance thanks again guys have a great weekend see you Monday by the way I will be in Seville or Sevilla on Monday I'm leaving Barcelona morning so I'll see you from Spain take care guys yeah tactical trader there's a link in the bottom of YouTube take your to the book map Discord chat and visit the Trader Lab see you guys