 All right, good morning traders and welcome to the book map advanced webinar with Jay trader stocks trader today We'll be live trading with Jay trader. It is in simulation demo paper trading mode and strictly for educational purposes I'll go through that in just a minute just so it's to learn and We do this every Wednesday with Jay trader and tomorrow. We have live trading with Scott Pulsini a Futures trader, so do it two days every week. So let's jump in here and go through the disclosures And get started you have Jay traders a contact information if you want to reach out to him he offers Mentoring services etc General disclosure all book map limited materials information and presentations are for educational purposes only and should not be considered specific investment advice No recommendations live trading is in simulation demo paper trading mode and strictly for educational purposes Live trading executed in simulation cannot accurately represent realistic trading performance risk disclosure Trading futures equities and digital currencies involves substantial risk of loss And it's not suitable for all investors an investor could potentially lose all or more than the initial investment Risk capital is money that can be lost without jeopardizing one's Financial security nor lifestyle only risk capital should be used for trading and only those with sufficient risk capital should consider trading Past performance is not necessarily indicative of future results. Okay, so Joseph will be in here soon Can everyone hear me and see my screen just make sure that? Broadcasting correctly here If you could just type in it yes in the advanced hashtag advanced webinar So let's see Yeah, the link there is no link to the webinar here it is in the streaming room there mr. Whiskey Ryder So yeah, check it out in there. Anyway, I'll answer that question Here in the voice Channel Okay. All right guys. Well, let's get started here Jay trader comes in and a little bit He's always he always comes in about 10 or 15 minutes later. He's finishing up his trading room and I want to Tom will stream live today as well. It's after the webinar though. Okay, so typically I look for him right after the webinar, but You know, he's scheduled at least for 12 East Coast time. Okay. All right All right, let's take a look at the the market here And I hope you guys caught this move saw this move saw the order flowing here I thought it was pretty easy read looking for this move down and this break of the channel here break through this 4440 area here and Looking for continuation down to this high liquidity here. I hasn't gotten there quite yet It's come pretty close, but not yet to 4425 a Few different things to look at in the read on this and I'll go over it in a second I just wanted to mention and shout out to Bowie yesterday and this Yeah, I made the video recording here Good morning, David the video recording about order flow and VWAP From yesterday. So in fact, let me let me show you where that is if you want to look for the recordings This is where you can find them Okay on our YouTube channel just scroll down a bit here go to book map Search for book map on YouTube. You'll find it and then live streaming here. And this is the one. Okay, so it's titled here order flow VWAP and market structure and some This is exactly what we're looking at here in terms of a breakout We were looking for the breakout of the VWAP here VWAP was holding it down There was high liquidity here, but we noticed that the volume coming in We're looking for the break of this 4450 to 55 and then 60 and then maybe 65 came pretty close to 65 But didn't didn't do anything more than that and this is where Bowie is looking for the move and a tag back down to VWAP here. So, you know, there's market structure in here This is it VWAP relates to it as well. It maybe creates it Doesn't matter. There's trading around it here. This is where we got the breakout This is where we got the retest where it broke out again here It's kind of a flag pattern or breakout a little bit of a pullback and then a pretty strong breakout And then look at the pullback to it. Okay now Let's also take a look at and you can see the structure in here and look at the break of it here break of the of this swing and this structure here And and and nice move to the downside. Okay, so this is kind of a pivot line in here Basically, but it relates to VWAP. Okay, so if you are a VWAP trader, you like the VWAP? great Look for it to line up with order flow events in here and it lined up pretty nicely Yesterday, you can see this kind of really really important kind of break of it a break out of it retest to it a break of it again and then everything underneath here again Down below VWAP, but then another break of it here And then tested and bounce kind of back and forth off it and then the close is really kind of convoluted here on VWAP But it held, you know rather nicely You know the these these were kind of false breakdowns of it Again, I look at your market structure. This is where it came to right. This is where that pullback came to it came to here Just line these things up with your your higher timeframe way of trading is is my suggestion and Or a consideration there that that's it All right, so let's look at the live market in here and before I do that. Let's do a little more market structure on the higher timeframe Daily chart here on the left hourly in the middle 15 minute here on the right You can see the again market structure holding pretty nicely here on this hourly chart the and the daily as well Anyway, like up to these kinds of swings up here this little swing here, and then now we're breaking down a bit And then here's the 15 minute chart here. This was our gap from the other day but Looking for that to fill now today Here here here come the sellers now There was a little gap this morning in regular trading hours. You can see it right in here And it already filled it and then Looking for the the if it this is why I thought it was an easy read due to this structure in here On the candlestick chart why this was an easy read to the downside Was we filled the gap? See a big wick and see another big wick here looking for the breakdown And and the follow-through and still looking for further Down to 44 20. All right, so and we know there's high liquidity here at 25 Right, so it hasn't hasn't quite gotten to there yet. It came pretty pretty close So anyway, that's where we're gonna line up this and this understanding of market structure with this in here in bookmap All right, so the The back and forth in here high liquidity in here at 44 40 And then you can see them trade into it and through it back down to this high liquidity at 35 And also 30 Okay, so what we're still bearish here We're outside of this range here. We're looking for it to start to trend right now We have a double distribution here and looking for the move back down to 30 And then 25. Okay, so 20 was kind of our level, but the high liquidity is here at 25 So again, this is where like you can use this to your advantage We're looking for 20 and maybe you would be on your candlestick chart as well And it might go there, but the liquidity is here. This is the game And they're adding more into the book as you can see it was kind of orange They're adding more in here around that level and then it gets red in here as well So they're adding into this area here Along with it. All right How about some stops and icebergs considerations? Let's take a look here And I was demoing this so I might have might have some Yeah, I need to kind of Play with that a little bit that looks pretty good. Okay, so icebergs still up here Another one trading right now it just got filled It got filled and you can see the bump here in the in the sub chart here But it's not on the chart because I filtered it out Okay, so if you don't see it on the chart, but you're getting the reading you know why It's because of the filtering. I'm using the filter here the Automatic threshold here and it's looking at it has to be at least 600 and 16 in order to display here. That's a little high Maybe we'll bring it down a bit here and look at now 321 using the multiplier here and and I'm using 60 minutes here as well All right Everyone can hear me, right? She seems to be yeah, it's broadcasting correctly Eighth trader, I don't know why you don't have voice. That's weird Okay, I don't I don't know what to tell you It sounds like it's probably a sound setting or something All right, so let's see. This is getting a little slippery in here We're still looking for the move down into this high liquidity here and the trending move At least, you know, we're in a new range as you guys can see. We had see retail sales this morning And yeah, Sam Sam says I tried try leaving well, you're not gonna be able to hear me anyway, so Yeah, leave discord or rejoin restart discord Alright, so here's here's the breakdown here that we see pretty strong move Continued here buyers coming in so we're seeing a little bit of market structure in here down here And then kind of a lift immediately back up And it's kind of bouncing around in here. Here's your view app as well Curling back down and the view app is is actually pretty nice here It's aligned with a low volume node here as well as the where it broke from here, right? So we're looking for these sellers here. They come they're already a kind of at the bottom of the range here and Yeah, I'm looking for the move down here. That's the primary scenario Okay to this 25 area here now I just imagine there's gonna be some sort of shenanigans in here before we get there All right, so we're gonna keep an eye on it and look for something that really tells us So here's already a pullback to where it it just started to break a bit here okay, and Looking for the continuation. It's a low volume pullback and looking for those sellers. Okay, here they come Let's see. Um So anyway Did you oh good morning, Joseph? All right, we're all we're all set then anyway guys We'll cover a low volume pullback another time. We covered it in detail Last week or maybe two weeks ago Great great set up here. In fact Jay trader kind of does something similar Using stocks in huge moves though, and he's looking for low volume pullbacks to his moving averages So let's turn it over to Joseph and let him him take it away here And I'll stop sharing my screen Good morning Bruce. Good morning, everybody. Good morning book map traders Good morning, Joseph. How are you doing? Good buddy. I'm just in a trade on SPCE. So I will cover that when we start sure Let's uh, let's see here. Let me get to your go ahead and share Can you see SPC and book map? Yes, hold on Yes, excellent Okay, so welcome traders for another lesson. So I'm actually trading SPC SPC yesterday had a lot of volatility and I'm just gonna show you What happened? So basically this pushed from 880. So it's a $8 stock, but it's not a small cap. It's a $2 billion company They had news it pushed all the way up all the way up and we had a peak over here around 11 So from 8.8 until 11 we had one dip on the J lines second dip on the J lines And you can see until the zone is basically blue over here aqua You don't want to look for a short then this morning I was Not fast enough to trade this I saw some traders in the room. They were calling this and I think they they got a very good because we pop just near the J lines over here at 1050 Which is the spike that we've seen over here, right? This spike over here at 1050 push and then we started to see some some unwind This one second traders. I need to modify a few things. You're gonna put this Okay, like this Are we going to put also our sweep indicator? So now we have also the sweep indicator on so we started to fill this J lines over here around 1050 so perfect to the Half the number and we started to unwind over here. Okay So you can see over here that now we don't have any more that blue magenta area But we have over here the pink magenta area Sorry, not the blue aqua area by the magenta. We started to unwind on one and one and I was Looking for a short into his own, but it was very choppy You see we go above the view up view of is this red one and then we fail And I didn't like really this price section over here So I was waiting for a main breakdown Because I was seeing the stop and then right away down the stop right away down the stop right away down Well, I was looking for Some kind of trend line and then I look at the bigger picture. Okay, so always try to You know Use up maybe five or 15 minutes art Zoom out and start looking at the picture because if now I Put a 50-minute chart You will see this ascending triangle and then over here We had a breakdown and I decided to short exactly that 1019 So I'm short in 1019 right now and what I'm looking to do I'm looking basically to hold my position until we won't break this Pink magenta line over here. Okay, anybody is short today on SPCE traders the point is, you know to look only for that boom perfect trend line break and Then you're still looking for that unwind it's not really difficult and I'm looking to put Order of flow over here to give me the confirmation because right now you can see that okay on the chart We have the trend line break, right? But also I need to see that on On book map. So I want to see also this and Therefore that is my low risk entry right away over here. We have a sweep goes down goes down over here I would imagine to see maybe another one on a wash until this low at this slow I want to cover the first partial for my trade. Okay, so always analyze when we have bar stepping in Or like in this case all these magenta dots that are seller. So now let's continue to watch the Right section together here. I think it will be interesting because this is has a lot a lot of volatility There's a trader who traded much better than me over here was a scoffered So I treated that jail on rejection. You can see Short more covered the dip short cover short jail on rejection. Yeah, I mean, this is this is really perfect. Okay This is perfect So look to trade those patterns Now we have near a previous support 995 and you can see over here 990 also the highest liquidity heat map around 44,000 yep, so I want to cover partial, you know before getting to that dip in order to lock in some profits It's already a decent move. So we shorted this area 1019 I was risking this side 1033. So 14 cents Now it's basically down over here 20 cents. I want a little bit more when I cover down here So I have my 2r is an am I ready and I'm happy about it 97 I'm zooming in See some bars coming in. I also look the tape house getting faster I'm gonna filter this. I'm gonna put this to 4999 or maybe even 10k. Maybe 5,000 is is good Yeah, beautiful trade Joseph Thank you. Very simple, you know, very simple I'm having this week now. I didn't calculate today But having this week 87% win rate and for the month above 80 So pretty good with a very good risk-reward ratio The point for me is to select trades. So not really to trade every single thing that it moves When I have stops to keep it very tight and then, you know, trying to hold my position because for me not covering anything is means Having patience and also looking for the correct risk reward if we don't let traders, you know our wins are Big winners to run You will cut too much and by that time that this will unwind you will reduce your Rs So there's like a strategy when I want to trail Okay, it's not like, you know, I'm just holding because sometimes reverses and you don't get any kind of profit so you have to find like Greeks used to say in media parties Means, you know, the the right thing is in the middle So you have basically to let it run but let it run also means to lock in when you have the Say parameters the signals that tells you okay now it's time to lock in partial. Okay So good morning, I'm our Good morning, Alec Morning Chauro with the news OG that indicator is a proprietary indicator for a small cap room In this case small cap room members Yes, some are we will check that I just wanted to cover at least partial on my Show you an SPCE So over here we have two times this bounced And rejected over here the first time so careful over here to trade directly the G and I start looking for More like, you know trend line break and then shorting always use the S for this as well So let's look SPCE SPCE very nice pattern over here very nice pattern 1997 we are almost a two-hour Getting a two-hour zone over here. All right. So nine and the six I'll have on SPCE Now traders, let's look over here because they started to put some support you see 995 and then 990 So they're starting to build a wall of buyers over here, right? It's like a main Liquidity zone, right? This is the demand zone And if you break 990, I would love to see still more unwind. So let's check hourly chart We see over here the price next target possible target could be down here into the 945 This would be amazing for us and Then down here to the eight. This is SPCE 15 minutes hard. So yeah, you can see this Bear flag, right breakdown. So we should see more and one over here. We should see more and white Let's see also LCID. Okay. We had the nice juicy Jlan rejection Second one over here This morning I was trading also hook. I took a good trade. So I showed it Okay, only the first time I showed it over here and then I covered partials I took a Sophie And I'm still short I showed it this exactly over here here in the room. I trade with Pedro So I cover first partial down here and I'm holding Then I showed a BKKT And I showed it down here BKKT Covered over here and now waiting beer BKKT So BKKT over here could be interesting traders. I'm gonna put this on a book map So I'm watching BKKT very attentively. So you can see decent buyers right now We're gonna filter this at 4999 So levels on the start. We have supply above This morning did a breakout over here 850. So this is a breakout stock volume increasing You can see also the here nice to see curl Not looking for now any trade unless this goes parabolic or into a high use level of resistance of book map That's the point generally will tend to look at half dollar numbers all dollar numbers. And this is an extension play Okay, so very very hard to treat ease if you don't have I would say Order flow Education knowledge and also some tape reading over here Now 890 and 9 9 is the main liquid area. So we'll look at 9 and we'll continue to match Manage over here SPCE Look over here traders until I don't see sellers. I'm not looking for any kind of seller here I know that you think wow, this is high. We can short it, but you have to wait for that extension ideally into this nine So again, what I'm doing is my trading. Don't follow. You're only here to learn. Okay? This morning I had something like a Trades one was a scratch Six were wins one was a stop. So before I remember what we are talking about, right? The zone the zone over here is a blue magenta blue. Sorry aqua is pushing. So this is still like bullish This is BKKT So we're talking about a small market cap company and this company buddy Look over here what it's doing in the 15 minutes are so it's grinding every single day, right? And if you look over here the last few days, we started to form a cup pattern With really an handle really this seems like coming out from the the chart pattern You know beginner technique technical analysis book Breakout this morning we here But I never buy on the breakouts because often what they can do they can push boom right away They stop they sell fake and trap now I'm more and this plan I show this morning in the room Looking for a breakout then I retest and if I have this retest and curls then I'm looking too long Price is still grinding. There's not a short over here Early over here the 885 you can see another buyer came 86 over here 7,000 another 7,000 There we go. So popping into this a 90. Let's look for that nine AVL unwinding today Well, I'm going to explain over here. This is a screenshot that my wife sent And it's about Nvidia and Facebook And it's about how to read the price section then of course we need, you know Bookmap to to confirm this But I needed to spot over here how the price action works So when this bar opens, this is a even if you see red, this is a bullish bar, right? It's red only because we are below the jails over here. So this is an Nvidia and this is facebook So when we dip and then start pushing this is like exhaustion selling And then what happens that over here? We have buyers in control buyers in control and they start pushing it And you can see this grind the same thing over here. So this was facebook And we open this bar and then it dips. So this bar if you look at With a five second chart because this is a one minute, right? Or you look at with book map over here This is an under over. Okay, so you will see like a cup pattern In this fraction over here and then you can start buying buying buying because these are often like fake washes Or basically it's not really fake. What is really somebody over here selling? But is right away bought up So this is only to understand the price action. I think is very important for everybody. All right, let's look over here We're going to that nine volume is uh Yeah, I'm pretty low. We are 100k per minute Nothing crazy one of the two Even this is good. I want to see now a fast push over here to nine And then a stuff and only in that case scenario. I will look to short this If spc is bouncing traders So let's check this one second So we are looking for that main fade below 990. We showed at 1019 We took the trend line break over here. Okay, so we were taking This trend line break came down Broke of this 10 You can see sellers and then there were no more sellers over here 995 Which you see the support held then they cancelled So they basically start moving up Up and then also over here at the buyers 1010 now they're pushing. They're trying to reverse the position So when I see something like this The remaining part get out. Don't be stubborn. You already took your position. You already take Took your trade your win. That's it So if I'm still holding So looking at book map, it's very simple to spot the pattern over here Uh, when we were over here in 1315 I said start looking for a stuff movement In this case we had a top at 1324 It pushed over here big soak at 1325 26 And then from that level All unwind on here till 1270 some big high liquidity at 896 you see This level over here So we're below this 90 may this line that you see this Green line over here is the one minute j lines. No, this is that 5 and 90 may Right, you can even uh, even only use uh An anime traders, right? So fail not short Let's check pitton Pitten pop into the j lines Let's see if we can get a short here I want to see more sellers over here at the 55 56 I don't see big sellers for now on pitton So i'm waiting no shorter here for me First main seller came So this is the first level of resistance. You see they're trying to stack 54 55 So shorter over here of 54 55 With a very low risk could be a good one Starting to look over here if we make a first lower low And i'm still looking for bkkt if it can push up to that nine So let's focus on bkkt first You see the buyers came back in bkkt Breakout over here is pushing 897 899 There we are Let's see if we're gonna break this nine and then we're gonna have a stuff So this is how i'm looking at the trade right now Only using book map We had the first rejection from this 899 not short yet Thank you mar second Tesla Thank you j So let's check pitton over here. So still up trending None a huge heat map, you know that Gives us a low risk level of entry Sophie is also pushing so waiting for Sophie at the previous high 13 25 Sbc 10 30 and we're still over here on bkkt Micro support 888 If you break 888 expect to see a wash over here to the 8 79 My monitors over here and watching Bkkt the one you can see but also watching netflix pit pitton tesla Apple yes Sophie uh spc So Some stocks and also bitcoin. So soak big over here at the nine You can see this big dot, right? So this means soak. There we are And soak means that basically they were absorbing in this case all the Buyers they're started to then dump Uh buyers now we'll see if they're gonna hold this 880 support or they're gonna drop it, you know, like Get away over here get exhaust And then we'll eventually drop into the previous support area Which was this at 870 where we have Yeah, the first I would say decent support over here. We have around 15 000 down here They're still trying to hold the price this a 95 a 93 Port a 95 So they still don't want to dump this over here So our plan to look for a shore for an extension to nine Uh, didn't take place therefore. I'm not really pushing Um, I'm stopping to watch this not really interesting for me right now I'm gonna focus more on tesla Which instead is having I would say a better pattern over here So when I trade tesla, the first thing is that I'm looking as well at es and also in q Yes, you can see it on the right up here So we'll put only two charts We'll put tesla above And yes below Joseph. Do you think um, I mean You have such clarity in your setups and you know exactly what you're looking for Um, but I'm just wondering like as a trader Uh, when you started to really You know make a lot of money Was it what was the thing that you would attribute it to? the most uh, let's say confidence And uh conviction in sizing so basically Uh, when I had the stats Uh, so that I could see my setup Working So journaling uh back testing Looking at the different scenarios and how performs your strategy So all that gives you confidence, you know, you can you don't need to trade 10 years to do this You can even be a trader like with three four six months of experience But knowing how to back test journal and already starting to create some sort of strategy that can give you Uh confidence when you trade when you have the confidence So when you know how how much you're gonna make or how much you're gonna lose When you have the setup how many times per average will you know come out during the the year the the week the month Then you have an edge. So having that edge You can start sizing and then you can start making money because you know, for example, you know, you will make 55% win rate But you know when you win you'll win like three four time three four r versus one r stop Then it's really gonna pay you a lot. But doing this takes a lot of time So a lot of traders don't reach this level because they get Uh frustrated before they think it's easy when it's not Everybody wants to come to this job saying, oh, I'm gonna make millions. I want to make millions Well first start considering to make 100 bucks a day If you can be consistent in that means you have a good strategy and then nothing changes, you know, besides mentality Emotions from making 100 dollars a day to make like 10k a day. So really there's not the big difference There's bigger difference in experiencing how you manage yourself And how you can control yourself because as you know, uh, our ego our self can be a double sword edge Can work with us. So make us improve faster but also can be something that obstacles us And basically works against us So this is what I think rules at least this was my My experience in this Yeah, great great answer. Uh, thank you You're welcome So look over here traders. Uh, why I'm half over here. Yes and Tesla together So I'm going to do a little bit of parenthesis over here um this Is a five minute chart, but the same chart I can spot it with the 50 minutes or with one wind I don't really need to necessarily trade a five minute chart So this is a normal j lines, which is a 14 and 17, right? If you go to put this on one minute chart, this will be 72 and 89 This is a three minute j lines So it's a slower version of this And this is the even slower j lines, which is a normal 72 89 on a five minute chart Wait, so now one minute chart would be 360 and 445 Now if I look at tesla, I don't need necessarily to look at tesla You can see over here the guide being yes all morning This is the 930 and you can see the pop and feel over here on tesla Fading all the way down the same thing over here. Sorry tesla feeding all the way down the same thing over here. Yes So now Tesla is bouncing and yes over here is trying to bounce Therefore, I'm not really looking anymore for a short Okay, if you said we would have been uh Seeing Trend on break and then the price over here fading That was exactly like we had this spc before Okay traders So now let's look also at sophie Being that tesla is reversing over here. So sophie has this high around 1330. I showed this morning sophie We have a main resistance 1320 And see if you can push this 1320 and stuff and then look into short again Buyers are in look at this tape. The majority of these are buyers. So we see like two thirds green over here times in sales versus the the sellers And you can see over here the price got to this j-line j-line started to curl push over here This could be interesting on an extension play short Ideally this 1325 1330. So looking for a move over here This level 1325 30 stuff and then looking for a short and something like this can pay very much Because over here before we shorted 1319 and I went to 1280 Even lower at 12 cents. So it's like a 50 cents move. So this is a main level of liquidity 1320 Corresponds to my level of golden zone over here 1320 You can see on a five-minute chart each bar is making a higher low Some sellers around 1314 1313 But it's still not my level too short because I will short something like this only If we prove That uh longs are trapped that longs are basically exhausted In the meantime traders netflix j-line rejection piton curling and pushing bra sellers 1312 1310 so Recap of what we're doing this morning I'm going to put over here spc. So you can understand the trade we took We're going to make this smaller so we can focus a little bit more on book map So that's the trend line. I was looking on spc And I was looking for a main pattern called j-line rejection in this case If you are fast enough with the gate You can trade the pop and fill over here the gate and look for a short around 1040 1045 This is a perfect short from our daily is it open called pop and fill In a trade like this your enthusiasm basically almost 50 cents per share Uh a lot of top over here. You can see a book map. We had a lot of pushes washes pushes washes So I didn't like the price section over here and I stood away And I started looking how it works together with that's our pattern so we had our Sending triangle in this case with a breakdown I showed over here And we can see on book map this breakdown short over here cover over here And then the remaining I cover over here It's when it starts to reclaim this 90 may so this red line That you see over here on this chart is a 90 may And you can see the price started basically reclaiming and pushing over here So that is for spce Uh the second one Yeah, Joseph, that's a that's a beautiful chart there and a lot of help there with the heat map On down there. Um, yeah into high liquidity there and then they're still on the bid underneath it, you know Exactly and it was nice to see How they moved from this level over here up And then more up Because over here we can see Trader that we had a decent buyer, right? He was placed over here And then when he didn't get filled basically only partially got filled over here because we can see the dip below Then he moved over here and then maybe it was him that moved over here, but we can see a Reversal right reversal over here of the scenario and then they started to push up again Now we are rejecting from this level of liquidity around 10 45 But we are near the open level Uh, and i'm not really looking to trade this for now. Okay, so I need to wait a little bit I'm not looking to trade this right now Uh bkk t was the second one. I was watching And uh, we saw a push into this main liquidity area I saw a trader over here Uh, one of the guys in in the room the short exactly that pop we're looking at, uh, $9 pop over here And he took the fade so good trade Uh, personally, I didn't take it I was uh I was waiting for more Uh, I would say a little bit more push And then unwind so I wanted really to see the longs exhausted And over here we had the big soak because they trade over here a decent amount of size Then I started to fade and is this bar over here and then you can see where we dumped Into the first one minute jaylines Tesla So over here So tesla you can see a morning fade The best a plus setup scenario over here today on tesla happens in the first few minutes of the gate in the first five minutes I would say You can see the price pops Goes above jaylines come back below this area over here 915 and 60 915 this is your area too short Which is this area over here Then you apply your stop above 917 and 50 and beautiful and wide over here Okay, I missed this morning tesla. I missed this trade um, I had others, uh, I would say in On my screens this I had like another screen and didn't pay attention. So I missed this trade on tesla So no profit for me. And now I'm simply waiting sidelines until I will have the next A plus setup to trade Yes, oz the clouds on jayline represent the one in three and the five minutes exactly Then we had hook Again, I shared all these trades and called them live and explained why we took it in the room But this was a I would say a pretty good example of a setup that you can see up here is written gap and extension We showed this white line And when we showed that we were looking for a fast fail. So you can see the open over here up in fail and then Even if you see buyers over here in the first part of the move, right? Then the second part of the move We started to see sellers over here And then we see some buyers And then again sellers So the prices on wine is for me lower highs lower lows No reason for me to long you can see again more sellers And then they started to reclaim and push it until the 215 now they're pushing it again So why you think the stock traders with the fluff news a very bad Daily chart with the huge amount of dilution is pushing Okay Basically it's pushing because we have a high institutional ownership So when stocks have a high institutional ownership they tend to really I would say trap Traders so that's the reason why I never buy on support Uh, never buy on the breakout story always buy on the dips or on a pullback 211 over here Look over here 210 211 This is your breakout why I tell you it's a breakout why I tell you this is a pullback Because the price goes up dips over here near the 90 may inside bar We have a wedge Or in this case, yeah wedge small wedge or or a pennant and that is pushing up. So break over here What I'm waiting the price probably to go to 18 to 20 215 still pushing You can see that we don't see sellers over here, right? Still pushing strong So buyers right now are in control There we are They put a support to 11 Breakdown of the support some sellers over here you see to 11 to 10 now even 209 An hour's rejected as a double top Still holding this previous support 206 207 which is this level over here on the chart Breakdown on Tesla. This is a good breakdown The fact is that you can see this distribution pattern So often you will see in the market when it starts making lower high lower lows You start looking for this kind of pattern, right? So same lows And then lower highs over here nice breakdown There's simply no rains over here. There's no reason to trade tesla I will never trade tesla in some kind of scenario like this Nonsense really nonsense You want to trade tesla when you have an uptrend like this? All right, and does this seem look this trend, okay Does this seem the same thing that we're having right now traders? Absolutely not Right now we are the same open level of before We are lateral. We are sideways. There's no way we can trade this Therefore as a trader you won't find every single day opportunities to make money right Well, actually we do but the point is you have to have patience if there's nothing to trade. I won't trade Okay, don't be stubborn. Don't be stubborn So simply waiting on tesla over here Apple the same thing Nvidia the same thing over here We add ba bouncing until doesn't break 220. I'm not looking to trade this Baba bouncing over here until breaks the high of the day 127 15 not looking to trade Let's look at sophie where it's just pushing and sophie has a previous high 13 20 13 30 pardon 13 30 over here So sophie Mabir Yeah, I thought brucey was probably drinking a coffee, but she's not So did you get a fancy coffee machine in there or not? Well, pretty good pretty good Okay, all right. That's important Yes, absolutely for a trader. It's a must traders look at it here is going up And I'm looking there's 25 30 stuff now if it happens the stuff This is recorded so we can watch this together again They could be a very good useful tool To understand how a stuff happens And what I'm looking for is the break of this 25 right away boom slam down Or a break of this 30 boom down Why I'm looking those two levels because those are the two most important levels on the chart They are uh, the pre-market high level Sorry that high of the day level. That's a point We're talking from jim and because I lost on snap. Otherwise was good, but yeah I'm looking over here traders at the 25 having patience Now starting to scale in I know how this extension worked pretty good. So I don't underestimate them I'm waiting for only that setup That I want otherwise nothing Very slow over here So holding this 90 may of this green zone over here 18 over here now seller came at 13 20 Careful because we could see a wash More sellers 17 more seller 16 So you can see how it's going down and how it eats level. We have more sellers So a hook went to this previous side to 15 small unwind Sophie I'm still waiting SPC nothing for now a nice use of support over here uh bkk 18 Uh high institutional ownership Let me see or was a small one this because when we have high institution ownership traders It basically gonna tend to hold more. So I'm gonna Check it one second This is our extended play. So multi-day runner bkk t 36 percent institution. Okay, so 36 medium institutional ownership Low hook is still lateral Sophie still not the high Just so we have a question here about um You know any of your favorite books on trading top two or three uh, definitely, uh The ones of uh mark venervini also friend of mine Uh, those are great a great trader Great for mentality as well. So that definitely is what I suggest you uh I like also Let me see what was over here More than about techniques, you know, because techniques basically I think it's Uh, the best stuff you can find at least for how we trade in our room Um, it's about for me mentality It's for me about discipline It's for me about the formation of a trader not only on the technical point of view But also under I would say the Psychological point of view. All right, um, some of the Books that I prefer Oh, let me see over here was putting this Yeah, one is of course mark dogless and How to think like a professional trader That is I would say something that You should all uh, you should all read and and I think it's pretty good uh And then even some stuff from steven goldstein, which I had a podcast Uh a few weeks ago. He's a coach for traders entrepreneurs And we go over the The skills that a trader needs to have uh mentally And I would say also Um, yeah more more mentally than anything else because you know, I set up a strategy you can learn in one two three even four months Uh, doesn't need a lifetime, but then you have to Uh, work on yourself a lot. That's the most difficult thing of a trader So you have to have a good mindset. You have to have discipline. You have to have like, uh Discipline in the sense that you are not afraid to take losses. So you have to accept also these red days So these for me are the things that you should do then as I said, I'm really like, um, Honest It's about the experience that you do in the market more than reading the books because the books are so nice You know, everything is painted so great over there But when you are have already a great community like we're sharing things today over here Or you can like give your feedback already that is more than you can find in the book So over here, so fee is an example for me of discipline Because there are already two three times that I would have traded this First I would have traded long, but I'm not trading this long because this company is disgusting. Uh shitty if I can say this and I'm not really looking through something like this long. I mean look this What it did. I'm not looking to a tesla. Okay. I love to trade tesla apple. I love to long But not really something like this over here um If it had really such a beautiful amazing news and fantastic fundamentals. Okay. Yes But over here, I wanted to trade a couple of times short on the stuff And then I want to short over here in the stuff But I still waited because I'm waiting as I said this 13 25 13 30 which are the High of day. Okay. Now. Maybe it won't go anymore there. It's fine But I I'm still respecting my plan. Okay. That's the most important thing for me I want to see one second snap So still lateral facebook have to drop this morning. So lateral A mu lateral over here Piton lateral. So I'm not really interested in that Netflix maybe the most interesting one Below the previous day low Breakdown over here. So netflix is the one to follow for me in the afternoon Yeah, this is hourly chart We have a main support over here around 383 and 80 Below the support Next target over here at 390 and then over here at 384 385. Yeah Netflix definitely is on my watch list for the afternoon And I'm gonna explain Yeah, thank you mark I will just check now what I what I'm going to trade over here is exactly this So if you have your Is this this is what I'm looking to trade. This is what I'm looking to trade. That's it. This is what I'm looking on netflix So not very difficult So online break as well So online break as well. So this is exactly my plan That I'm spotting on that I want to to wait for on netflix nothing else Let's check on tesla. I want to see also order of flow So tesla is unwinding, but we're still above this previous main support 907 So I'm waiting nice wash over here probably the sweep indicator what I've worked Okay traders. We have the remaining five minutes Uh, any questions? No, it's pretty pretty quiet in here. Uh, our Amar is talking about the tesla breakdown with the nq Uh Yes, the only thing buddy Careful because we are above that hourly jail is okay at 903 So careful for that now we still have like some range Before was the important support 9303904 Yeah, it could become an interesting trade could become an interesting trade The trend line break over here Yeah, I'm definitely going to watch over here tesla for the afternoon. Yes But careful this 903904 main level of support Yeah, godzoo are proprietary these indicators, but have a jail eyes is just having a 72 89 Exponential moving average Uh, these numbers are from the, uh, Fib and at the expansion code So I've been using them since 2003 2004 And, uh, uh, then also you can use on other timeframes with other, I would say, uh, parameters But the most important thing is that for now you look for a 72 89 And for example This is sorry This is an easy way to spot things And we can see over here at the open we had the perfect jail and rejection and tesla too short Then we had a second one And then over here nothing for me because I'm looking for more pattern So now we can look if we're going to have another pattern over here, right So let's start seeing sophie For example on sophie When we took this short up here Look where it went The main jail lines over here And then started a recurl And gave us a long entry Of course, jail lines like this means nothing you'll have more losses and wins But jail lines using our strategy that I teach You will have a very powerful strategy So some selling over here on sophie now back to the jail lines All right traders If we don't have any more questions We can wrap it up over here for the day So it was a good morning Uh, some good opportunities SPC was the best one Uh, hope you enjoyed it Bruce you want to add anything else? No, no great great webinar Thank you joseph Yeah, let's let's wrap it up and we'll do it again next week next wednesday Okay traders. So in the meantime take care always write to bruce 24 7 is always available and Less let's see louis over here. I think he has a question. Sorry before you go How could how do you choose the list of stocks you look at? Okay, so for big caps, I always look for the I would say 30 40 Stock that I have my list And in that case I start looking at the direction If it's inside the previous day range or it's on a breakout or a breakdown So I'm looking mostly for spot of volatility and instead for Small caps or even mid caps. I start looking for the main gappers And uh, the main gappers with at least 20 gap Uh, with at least half a million volume, uh, traded And then I start looking to do my forecast which is a precise. I would say Um Way that I define if a stock is going to be on my watch list for a short or for a long It's a little bit more complex than this. I mean, we would need to take like a couple of hours to explain this But this is basically what I do. Plus I have bitcoin every single day in futures that I trade Uh, no, I don't really like the script screener on toss or iB for For the gaps you can simply look at any single broker having those parameters Or for example, I use personally at sutray, which is the app for our community for our small cap room Um, and uh, it's very very simple. So just look at the gappers the volume Have a million plus and 20 percent at least of gap You don't want to trade something that it may be as 40 percent 50 percent gap But there is no liquidity in that case will be you and the market maker And if you have like a stop you will pay a huge amount in terms of spread So that will be a big loss liquidity is very very important That tells you that you have, you know, another side where you can Sell, you know supply and demand always a shift. That's very very important Let's see over here louis. What else is saying? Uh, do you use limit orders in the market 90 percent body always limit orders? But be aware that if you use limit orders when you have a squeeze or a big wash You won't probably get filled So experience told me that you always need a hot key or you know an emergency key That in case something goes wrong you get out very fast with the market order Because otherwise, let's say that you wait for a breakdown to get out It's not only you but you and maybe other I don't know 1000 traders There are spotting for example that level as support as their stop loss level And also you have hunters hunters of stop loss who are market makers who can be algorithm program In order to go like I would say Study your behavior and then know how the human being over here behaves the retail trader behaves Okay, so Hope this traders is uh, you know starting to get simple for you. You can read better the price section Uh, if you have any doubt or questions reach out My email is a team at the trader co.co also want to add something Uh, we're gonna have a promo for the president day For the room and we never reach out anybody on ig or twitter or anything else So these are all like fake accounts of people trying to You know rob your money. So we never reach out to anybody. Okay, so don't really answer to anybody that Is not j trader co. That's it. Thank you very much traders. Uh, see you next week Thank you bruce and everybody. All right. Thank you joseph. Bye. Bye