 All right, welcome to the bookmap live trading webinar actually. This is incorrect today. We have Jay trader stocks trader He will be going through some live trading and stocks live analysis We do this every Wednesday so that you can get a feel for other traders how they trade how they look at the order flow Jay trader will come in in a few minutes He's finishing up his trading room. He'll be in soon. He does offer mentorship services I'll be putting these links into the chat for you. So in the meantime, though, let's jump into the live market and then We'll give it over to Jay trader when he is ready. So let's jump in and take a look at Bookmap here in the order flow Seeing some nice momentum at the moment here some selling up here a little little Not as clear as we'd like to see but we see that the buying coming in here looking for them to extend And continue with the momentum up into this liquidity up here This is the S&P E-mini and it's 43 57 or so 60 somewhere around in here You can see the liquidity in here and we're looking for the continuation here. Let's take a step back Let's look at our bigger picture and why Here's why all right. Here's our daily chart on the on the left-hand side Look at the candle here. This is rejection down here. These tails. It's rejection Yesterday, we're looking for the move down. We saw the rejection on the upside here And the move down so we're looking for a continuation to the downside now. We're back up and we see Rejection down here. We're looking for the continuation to the upside the the hourly here in the middle Also supporting that we can see some of the wicks in here yesterday really choppy day during this session And then a beautiful move right at the end of the session and the continuation so I know that Tom took over at that point in the stream, so I hope you guys had a good session there the This is the 15 minute chart on the right-hand side here Everything was telling us in the 15 minute chart that we're looking for the continuation to the downside So this is when the webinar was yesterday And we're looking for the move lower It really chopped around in here And then finally we got the clarity near the end and we're looking for a move back down into Not only this low here Around the this swing here, but we were looking for and I haven't changed these lines You can go back and look at the recording We're looking for the move bound back down to this area this little kind of nook Or you know there was kind of a pause and then a continuation here We're looking for a test to that area And played out very nicely Here's the continuation from today now look at the rejection down here Hey, this wick and look at the strong move here So we're looking for buyers to continue to try to reach up and test some of these areas up in here And if we get enough maybe we can come back up into 43 73 or you know even back up into this kind of 80 level here So yeah, some some scenarios to go through in the bigger picture here, and that's what we're looking for and All right, Monca, let's see no at everybody in here, so we're gonna delete you and boot you out All right, you're out Okay Anyway, so yeah, that's what we're looking for here in the order flow. Let's check check out book map and see what's going on All right, so we we see the sideways consolidation here move to the downside. Here's our well. This is still like the Overnight here look at the overnight cluster of volume up in this area here Still bullish here even though we get this kind of pull back here during the day Or just before the 930 session here This was when we had some data here also at 8 8 15 This is around 847 and look look where the breakout took place here Usually we look at you know somewhere around here is where the breakout took place or even up here In terms of the range, but you can see it in here as well this little swing here the breakout Quick move. Here's the retest back to it And then we're looking at the continuation here now We're looking for the continuation up higher What we don't like about this is in here is we're looking for continued Strength and volume in here. This looks pretty good except when we get up to here in this point up here In the order flow. So how is it accepting above? this swing up here and You know, this looks good. It's strong. So we look for the continuation And but this up here does not look so strong. We see a lot of selling starting to come in And we don't want to see that we want to see a less selling maybe a low volume pullback This is not a low volume pullback This is more selling in here and then and we can see again here look at the wick or I'm sorry The the bar look at the the dots in here Okay, so let's see if they can bring it back back down here to where they broke out from around this 26 level Something like that and we're just looking for a test down here. Okay, we want to see these sellers test this strength down here All right, so first we were looking for this move higher And then continuation Noting though this kind of volume in here But we got to go with the the strong move until we see something different We're looking for the test down here and our buyers going to support it I don't see much in the order book right now And We want to see that we want to see them on the bid here. We want to see strength on the bid. They're supporting it buyers want to line up and This this pullback to them that they're going to defend this area here. I don't really see a lot of defense right now So sellers are trying to take it a bit lower here Okay, so we're already where we're just about getting down there into the level. We were looking for Yeah, anyway, yep, here we go All right, so now let's see if we get some buying interest down here or not Sellers pushing it through Okay, there they go. Okay. We're down at 30. All right. We're gonna see some covering in here And we're gonna see probably a pullback to just about this area right here Which is where we just broke from Around 26 or 27 level here All right, and we want to we want to check this out. We want to see like if We're going to see more buying support in here Thanks, Alan. So yeah, we've got Powell speaking or spoke as well so a question did you guys see The follow through did you did you go with it the follow through in here looking for this break of our This level up here 13 if we could get down below it first We're looking for the test into it and the break of actually this level up here around this It was around 30 that we wanted to see tested it did and then finally we got that continuation now you can see in the order flow in here I Is basically just ranges in here that we're looking at and we're looking for the test down to here and Maybe if they can get through that on some strength, then we're looking for the test into this area here So looking for a pretty clean move which it delivered here. So I hope you guys were You know saw that We're looking for this the entire session for this this move to unfold and it took Until the end of the session did we finally start to see it Once you see that clarity and it was not a clear session at all It was very tricky tape yesterday but just you know something to note in there the Even when it's really tricky like that and it just doesn't look right and it's not giving you that clarity then there's nothing to do The market's not clear It's not clear on its direction and we're waiting and watching for that clarity When when everything starts to align now, we also saw we looked at crude oil Let's let's jump over to crude oil. We saw some pure direction in that one. This went up to 1 1250 Wow Okay, so Alan, I hope you were in that So we were yesterday looking for just to move up and from 104 to 105 I think it went up to 106 During the session yesterday And you can see I mean this is this is gonna give you a clearer direction here You know these commodities with this kind of geopolitical tensions and Uncertainty, you know, just look for the the order flow to support that direction And that that kind of clarity and right now we can see that we're retesting some of these areas here And yeah, I'd be looking for the these sellers are coming in and they're trying to drive it down into this kind of 107 area and liquidity down in 107 50 and 107 at the moment Yeah, yeah, I mean these are you know boy it it's You know jumping on the on the on the bandwagon here on the train with with crude oil I mean like, you know, you're gonna get those quick moves here when you get that volume behind it And you know look look for that. I look for that in the order flow look for that strength and that breakout Yeah, it does it does move really fast It also pulls back and it's also heavy heavily manipulated as we looked at some spoofing yesterday as well And larger players coming in and really kind of bullying the order book Anyway Yeah, that's crude oil waiting for Jay trader. Let me go through the disclosures in here. I haven't gone through that yet so hold on a second and I'll be I'll Put Jay traders information into the chat so that you guys can Reach out to him if you like Alright general disclosure all bookmap limited materials information and presentations are for educational purposes only and should not be considered specific investment advice nor recommendations live trading is in simulation demo paper trading mode and cannot accurately represent realistic trading performance And strictly for educational purposes Risk disclosure trading futures equities and digital currencies Involves substantial risk of loss and is 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. It's important to understand these disclosures This is not a trading room to our trade copier room This is for educational purposes only so you can get insight out other traders read order flow They're setups their way of managing their trades their Psychology behind their trading activity so you can peek over the shoulder of a professional That's what this is for If you're trying to make a quick buck by by copying and following this is not the place to be You're just gonna end up losing money and then you're gonna go to another room and do the same thing again so, yeah, I really try to dissuade people from Looking for that if you want to trade copier service reach out to a pro and let them manage your money And and take it like that So anyway Waiting for Jay trader. He should be coming in pretty soon. There he is. Okay Let's turn it over to him and let Joseph take it away Morning Bruce. Good morning traders. Good morning, Joseph. How are you? Good buddy. Good. Thank you. Did you have fun on your holidays? Yeah? Yeah, it was really nice really nice to Get away and boy first time Maybe a little bit Okay, okay, okay, I see I see we're gonna have another talk you and me later Sounds good sounds good. Yeah, yeah, I you you are In incredible shape, Joseph seen some photos of you. It's just cheese. You're huge Well, it's pasta tagliatelle and prosciutto, you know Yeah, so Yeah, take it away, Joseph if you can I think maybe you are sharing your desk, let me let me see over here one second Okay, you should be able traders to see it now Yeah, hold on a minute, I do not see it, but this is my Can you see the traders my monitor? Hold on a minute morning Jimmy Morning McLovin. Okay. The guys can see it. Yeah. Yeah. This is me. Sorry guys. Hold on I just need to start restreaming it as well here So hold on sorry No problem Bruce. You still have the jet lag There you are, there's your stream. Okay. I got it Looks good Okay, thank you very much. So traders first of all good morning again The market this morning Didn't gave any kind of a plus setups. I Want to focus just one second over here first of all on yes All right. So this is yes. I'm gonna put An hourly chart so just to see the bigger picture Now you can look over here. Yes All right. So the last week over here, we are in a trading range. Okay, so really no direction We have this top at 4385 and then over here we have this dip at 4260 and you can see the price is basically Being lateral. Okay. So no trade for me today. Also, I took a week off over here I have my beer and Alexandra trading After a very good a very good February so it was a decent month for for the records and The set of that they try that I traded the most swar on big caps Jalen rejection Jalen carol 90 may sculpts always with book map on Thursday Friday Monday and yesterday I recorded for live trading session, you know with my with my team and We went over every single setup that I took every single trader I took and 90% of them were with the use of my strategy together with book map And I'm gonna show you today basically how I can have the consistency. So right away Let's I would say in Italy you say is fatal in me talk So let's always say that there's no holy grail, but you know, you can make a strategy very close to it For example, this is again. He's a he's a member that is trading book map and setups And this is his month. Okay, basically of what invested he made him He made almost double of his money in one month and this is possible. So now let's look together How I took those trades on Apple and Tesla on Facebook and others I'm gonna take over here at Tesla okay, and Being that you put up one minute or a five minute is not really important. That strategy works the same Okay, so I'm just gonna put it one minute over here Because I was looking at the one minute this morning and I'm gonna show you Tesla over here. Okay, so I'm gonna put one second this bigger You can see that today I kept the very simple, you know, I like to show you different things from time to time Sometimes we come here and I have the dots and sweeps indicator sometimes I come over here and I only put for example the The candles and the heat maps sometimes I stay without heat map So I just want to focus each time on different content. So when you get out from You know this this webinar we have You have I would say more knowledge Now look over here at the gate We see and I'm gonna put this probably Right over here. Okay, so we open over here. Okay, and this is the open at a 72 What we see right away the price is Opening so this bar over here the price is opening. Okay, imagine. This is a one second chart goes down and Then goes back up for example You can put over here a 10 second chart on a Tesla book map and you will see what I'm talking about So this is an under over on the same bar. Okay, this is an under over basically opens goes under the open Then over the open. Okay one of the we say Difficulties in trading this in trading the open is the fact that you have to be super quick And you have to know how to react very fast and chins buys very fast So you cannot simply marry your position. All right, and you cannot be stubborn My win rate at the open Is between 50 and 55% so it's not a high win rate, right? But the RF return are three to four times more So that's the reason why to trade it Then after 945 950 the win rate moves almost to 90 percent, which is really high win rate And now I'm showing you how to do it. So the price opens Dips, okay, so you have over here dips then start to go back up You can see over here my chart and on book map open Stars dipping right and I don't really consider this small light heat map because you can see over here that We have the main supported a 65 and the 860. Good morning, Abdul. Good morning AP Island and others So we can call them liquidity zones. We can call them demand zones. We can call like buyers as you prefer Once we reclaim the 872, which is the open level over here. We start seeing buyers we have a Small heat map they clear out right away and then we have a push over here You can see that we hold this view up. We hold again the view up and then we push to this level So look what happens at this level Yesterday and today Apple made the same thing Yesterday on the first bar. We found the main resistance over here and then Unwinded and the same thing today, but today on the third bar. So you can see that level That level is a fib level who gathered with the heat map gives you a first. I would say reason we're too short Now you can see that below. We don't have any kind of big heat maps until this support over here, right? And what you can do you can start looking for a second-large high So that's the first way that I will look to trade it Second-large high heat map when it pops into it comes back down. You're shorting So it's this bar over here. You're having a tight stop just above and then you take the fade If it goes back to break even who cares You're already taking a half at 2R 2R and a half and then if it continues to goes down You can take a huge one for example the open bar yesterday on Apple. Sorry on Tesla Gave eight bucks over here and I share this and I share this one and so now we say Reshare it one second so that you can learn how to take these and it's the same process Okay, it's the same exact process So let me grab it over here. So you can see This is yesterday. All right readers Let me do this and at that open you see over here Okay, I'm gonna do like this. All right At that open this was shared yesterday in in live streaming Okay, so in the exact second around all the room in front of all the room and In the morning, we had the dip so the dip that we have right now this morning It's the same dip we had yesterday That's the reason why you have to study and you have to focus on learning these setups Because look over here. We're gonna put this morning in the open. Look what happened so and Also, we like to to see some answers over here. This is right is this is clear Sorry, just tell me it's clear, you know, like put the yes or tell me a clear or okay or a way to go But that open you can see the dip, right and that open over here You can see the dip right the same exact thing. This is yesterday. Okay, we're talking about yesterday and this is today so two different days and Then over here, we have basically the push the push the push the push the push and over here yesterday The push the push the push the push Reach to a top and then over here was the perfect short and Over here, I showed you just like few instances ago how to take the short with the heat map So now knowing all of this. Let's see McLoving. Let's see Jimmy. Let's see Abdul Why according to you yesterday? We got this short exactly that level. Why? McLoving Jimmy you can't why? Exactly. There was a heat map So at the open you have to be very active and I'm not saying it's easy and not saying it's for everybody I mean even with a lot of experience, you will have probably between 15 60% of the wins Okay, and you're already good if you can do that and You have to look for two main things previous days support and resistance levels, okay, and also book map levels Why support and resistance levels because I like to trace them in Primarket so that when during the day we have the push into that heat map at the gate not during this sort of the gate I Can put together a daily previous resistance a heat map and the pop and fill so this setup over here that you see Here that happens in this case in five bars or this setup over here that happens in two bars This is called pop and fill or fill follow through Basically, if we put over here, this is a little bit of lesson if we put the resistance, this is your pre-market high and let's say this is the J lines and Let's say that this is the We're gonna make it like this and this is the open level when it pops and I see over here that we touch the heat map or we go above and below the heat map and This happens in the first one to three minutes And this heat map is also I would say a pre-market high a Previous day low previous day close a previous day high previous day resistance Okay, so you want to resist in the neck in the previous one day or in the same pre-market day Then over here this zone for me becomes a perfect zone to shore with a very tight risk And it doesn't really matter if it works 50% of the time because my stop is one hour But this unwind will generally be between three and four hour So it's worth taking this right me again. All right, Jimmy and that's called pop and fill pop and fail or FFT, okay, which means fail follow through remember about this What happened in this case that we have this point break out traders But the intention of the wheels so who really controls over here. Let's say a big chunk of Shears and can be many players. Okay, we have many big players that control a lot of Shears of Tesla or Apple or an NVIDIA in this case, they're dumping so they're fine in liquidity Okay, that holds the support because break out traders come so what they do they create a support, right? more buyers you have the more support you have and They use that liquidity to dump their shares if their shares is much more than these buyers. What happens boom dumps So this is let's say a preface of Of what this market is doing it open and I think that knowing these keys over here, this is really like advanced trading Really helps you to find a spot reversal because that's the point. Okay, you're looking over here to find the top reversal and the bottom reversal So when yesterday we saw that heat map over here We call the trade short that we explain the trade short and then you can hold it over here All right, and you can look for this unwind Now going back to today prior section. I want to show you another example So I think until we won't have like, you know more more trading setups. I want to share with you When you have basically to look for a short or for long So look at this pot. We are over here around 10 10 10 11. Okay So I'm gonna do like this Now question again for you traders In this case, we see that the price is going down. So we have an inside bar Remember this inside bar and it's basically this it's the open level So I don't really feel comfortable trading it because we can have a lot of support from the open level But remember when you see some small bar inside like this, it's often a continuation. Okay, and this is a very good continuation over here Now we break a heat map. We break another one over here We go down and look what happens when we get to this 10 14 13 13 We start to see the small bounce, right the small bounce and then feels look the small bounce over here small bounce Resistance so this is a nice heat map above and that's where basically I was shorting all these days When I have that resistance that really tops for me the price then I can look too short Okay, makes sense. Good. And then you can see over here. We have another pullback You see a pullback pullback pullback over here We have a wedge another inside bar and then break down and what do you see over here traitors? Well, let's put it here. Okay You see the price being so clear really So clear. Look how this is clear. Look And you have this wedge over here and you have this inside bar So I'm always looking to short the tops always shorting near the anime always shorting near heat map And for longs I can tell you I took all the longs in the previous days Where we had okay where we had the dips Let me see if I can Grab one For example, this is a a member in the room right now. You see she's shorting the tops Okay, so you never want to trade the weakness. You want to trade always the top this for example was My In video a few days ago and I adopted the same exact strategy Okay This trade over here the open I had a heat map over here So make love in jimmy everybody else do that is falling over here These setups are pretty simple But you have to be super quick because if for example, you're not quick with your mouse with your like window order Or with your hotkey personally like hotkey, but you can use whatever you want I mean it makes a big difference shorting over here or getting the short of here And again, this was posted exactly live sharing the the account sharing the setup the chart while I was trading the room So it popped so again that pop we had a heat map So broke the heat map when I see that I'm shorting But again the win rate would be between 50 55 maybe if you're very good 60% But it doesn't matter because the stop is over here And look how big unwind you take versus that stop, right? So it's really worth it. Even if you have 40% win rate. This is absolutely worth it And then over here, I'm not really looking out to engage short on the breakdowns You see over here breakdown breakdown And then if I short over here on the breakdown, what happens boom goes against me And maybe you what you will do you will stop over here when I'm shorting the pops instead Over here I have to make And this we could put Bruce more than you know trading live together is more because the market is very slow right now more like Webinar together how to use book map Over here this I missed I missed because I was trading four stocks at the same time. This was a third air friday. Don't remember The price went up Broke a heat map when it came down and I simply missed it boom Boom boom. I was still in but this was a beautiful react if you can do it And then over here why I shorted because I saw a heat map basically like this. You see the traders Okay, imagine that at this level boom and by doing like that, you will have such a high win rate now when it does not work When the market is doing this No direction I mean it will eventually work if you buy dips and short pops, but it's ranging Okay, so don't expect like you odds or you use our offer turn Wait for some kind of direction like this Okay, this is where you want to short short So the pops and heat map for that reason over there. So I was looking also in beer this morning apple And uh, they gave some of the same setup that I'm discussing right now with you Okay, so we're gonna look together Over here if for example, uh, tesla We'll give us more setups like this Also, we have over here. I'm gonna put the apple Okay, let's let's take for example apple So let's put over here apple Uh, was it clear this traders? Um, makes sense how to use book map to find the spot of reversal If I can just kind of jump in for a moment joseph, um Maybe help clarify, um for Others is as well as myself Um, I mean, uh, yeah, I think it's very clear You're looking and stalking and waiting for a very specific setup And uh, because you know it's high probability And then you're looking at your setup to unfold on your higher time frame Now you're looking at the order flow You're looking at the heat map to give you insight The only uh, and and just and then you're just nailing it. Um, uh, I really like the way you cover this whole, uh, risk reward Uh, because if you know your setup, um, then You know, it's like taking a taking a a bet with a friend like okay. Well, let's have a a coin flip Um, and uh, you know, but every time that I win, uh, you know, let's say I choose tails You you choose heads every time I win Um, I get you know 60 percent of the money Every time you win you only get 40 percent of the money or something like this So it's like of course you're gonna take that you're gonna take it every single time And uh, uh, you know, uh, you're looking for your high probability setup And then uh, now you got the order flow on your side with the uh, the heat map here Simple and um, and and beautiful real real effective. Uh, I just had a question on Time of day because this environment right now, um, you know, and you're talking about trading the open. Uh, so You know, obviously there's high volume during that open But maybe you have a few comments on on that So let's see let's see over here Um, you mean this uh, this is zone over here, buddy. Yeah. Yeah. I mean like 9 9 30 east coast time I mean in that that open and then like, uh, you're stalking and waiting for your setup So Yeah market timing. I mean, I know in the afternoon, you know, you're looking for fading, uh, especially the crappy stocks um Because you know that uh, the time of day they've already made their move It's not worth it. And now you're looking for fading it right back down into some of those areas where they began Exactly. So to answer what bruce is saying over here Uh, let's just take this for example. This is so few of this morning. Uh, just now a friend over here, Pedro Also, the radar is uh, he's a big cap and option trader. So look over here Uh, we are talking about risk reward. So we don't know How matzatree will go before reversing before stopping or maybe we'll go even all day Okay, and this is both good for long and for short. We don't know that But what we can know is Follow our plan So if for example, we know that our entry is over here because we see right away a soak in the gate like often we see this And then right away above we see one big cellar And we can see over here this cellar is big probably over here was even bigger because I can see more red color And I'm focusing only on orange and red colors. Okay, I'm not looking at all the library over there And then I see more heat map above. So I know that the worst case scenario. I'm stopping over here I'm taking out 20 cent stop Okay Now I can put, you know a trailing of course and I can put a target Based on a previous big heat map support a 90 may trailing a previous daily support Something that my strategy for example tells me And what I do over here is basically shorting Setting my stop and then taking the first profit out at 2r plus And then basically looking to hold this all the way down and like that you you basically You basically make your r return Okay, and make sense bruce Yeah, yeah, yeah, I mean and then The beautiful thing is then look at your equity curve that you showed and when you when you started the webinar Exactly. So so you're not talking about one individual trade. You're talking about many trades and looking at your setup Exactly exactly exactly And this is for small accounts. This could be for bigger accounts This is again before I was showing over here a smaller account from again a trader also shared a lot of stuff on internet This is another trader ramming uses a book map as well to trade big caps and options And he was able to bring uh from uh, you know, it's a very small account over here in july To 15k right now and he started with a 5k account So not bad and he uses all these things together. Okay? So basically traders is the approach the approach the risk management that makes you grow your account This is what bruce wants to wants to tell you. Okay Now going back to the live trading over here and apple Uh, apple, we don't have a trend we don't have a trend over here because Uh, we are still at the pre market high and we're still inside the previous day range So i'm not looking for contrary trades over here. I'm not looking for, you know, shorting the pops Buying the dips. I'm looking for a trend and i'm really looking around over here. Which one is trending Trending this morning was the m uh, so, you know, for example that, uh I'm gonna show over here Alexandra One second. Let me see over here Okay, basically this so she traded this in a simulated, but it's the same process And it's the same reason That I explain right now So this is the m. Let's go to check the m We can put the last two hours. It's fine So the m is uh, one of the stocks that Down trending today the best over here because one went from 122 down to 114 So this is a huge amount of Percentage and wine over here. We're talking about An unwind of something like seven percent. Okay, so big unwind Now look at me Uh, we're gonna clear out a clear a few things over here So i'm gonna keep it very simple for you guys today We're gonna keep this All right Okay, so this is the m and let's see Our chart So this is a five minutes Okay You can see traders that she traded at 950 51 at 118 and 70 so she waited the direction First of all, you see all bars being read You see the heat map above here the main seller Okay, and then a second main seller 121 and 20 And then over here 121 and 50 something like that 121 probably in 30 and 50 And then we have this bounce, okay So this bounce, okay in this case There we are In this case, we don't have any kind of huge heat map We have the clear out of this so we have a break of 118 It pushes this micro over here is this is very very small liquidity over here But then we start seeing this other so you may miss this like alex sanzo did But then when you have the confirmation There you have that reject you start seeing these sellers They're really tapering down over here the price And we're talking about this level over here Look at this level here. So we have sellers sellers sellers inside bar, you know that I like the inside bars Over here, you can still show the pops So setting your risk and then boom I still use unwind Okay, I still use unwind We had the breakdown over here And now even if you are like a bounce trader you can still buy over here in the dip You can sell over here for 50 60 cents Rest in the money and then another bounce over here and again comes this inside bar and starts to push again Yeah So this is the process that basically you have to look every single time Make sense guys Yeah, I love it. Joseph. I mean really simple Order flow Elements you're looking at to go and to be in line with your bigger strategy Okay, thank you bruce Good morning, Louise So now let's go back and let's start checking over here Just just one one comment again like um, joseph. I mean, we you know every every week you do this webinar I think we're really really lucky to See someone who is so consistent with their trading Uh, and and this is really a key here and this is why we do these pro Or you know these webinars these trading webinars Uh, so that you get insight to the the trader and the way that they look at the market Not just individual trades here though. I mean we're getting so much more information here We're getting an understanding of a holistic approach To trading and we're seeing these results over many many many trades here This is um invaluable You know, you go to all these different webinars from or you know different Streaming rooms and you'll see one set up after another But having this kind of bigger picture holistic approach is where it's all at This is where you're going to make money over time Exactly Uh, because the setup is always the same the strategy is always the same Then you have to know how to read the order flow And then you can basically start to take these trades Now the market of today traders besides over here the fail on nvidia. I don't really want to trade For me, it's untradable something like this. Okay, you can scalp it. I'm not a scalper anymore even in the last probably In the last probably four days, I took like maybe Not the last day, sorry, but thursday friday monday took something like 50 trades You know the same maybe two three stocks So when you see after you see only like, you know, four trades or three trades then because maybe it's adding Scaling out rescaling. So at then they counted like one trade for example when you go to see the stats uh, but a point is uh We are trending those days and over here for example today on nvidia, we're not trending at all So what can we see over here that we have to basically stay Put not looking to do anything until I don't have a trend Now let's look back at on tesla The one that may be is trending the most remember we are in important support You have the previous day load on here and now we'll see You're going to have one of those setups that I explained you before And again, we had one just here. So you see this selling pressure Selling pressure because we have the price went up Right away flushed down So we have a heat map second heat map a little bit more over here this inside bar. This is a beautiful setup for me If this would be the day that I would trade this is a perfect setup So i'm going to mark it and just like explain it over here this over here And uh, we can do this So we have a heat map means Selling pressure because they put another heat map below And then we over here in the sidebar We have the price at the top of 90 may. So we're shorting the pop That's the point. Okay. Uh, pardon that you see all red like this, but that's the point over here of the strategy So you want to short the pop and you want to short for example the breakdown over here often often these will be fake outs Now let's look over here if we're going to have another pop And ideally this setup over here will come with a heat map for a good short. All right So follow me on this traders. Let's see together You know, I'm not trading these days, but we're still looking for A possible setup Alan it's a good question. Yes, I look at vix But uh, I'm day trading. So I'm looking mostly at yes and in queue for the direction over here with With the For direction of the of the big caps that we're popping to the 90 may I don't see Over here traders any kind of big buyer I see more sellers And this for me is a good level to short the say 52 a 52 50 Why because basically I have the price of 90 may I see the heat map over here it rejected So we can get to the a 50 For a fast scalp over here, right? And that's what you have to do. So you see over here the price falling already you cover partial And then basically what you do you simply put a stop break even Now you see a new heat map form the new heat map form. There we are and then you already took your trade Okay, you don't need to do anything else You do it like this, right? Very very You know pop and fill pop and fill pop and fill and you start taking your trade and then you can simply manage for this unwind Okay Got it makes sense Good. I will never follow cnbc. I think is the worst thing you can do in your life as a trader point So why do you think that joseph? because it's manipulated information because It's not done really for the benefit of knowledge of traders often and don't say everybody But if I hear some people talking over there possibly is a direction the opposite direction I will take Yeah, yeah, I would imagine I could probably foresee you Getting on cnbc and helping them You're with your position No, not really not really and not really so support of previous law the support you see over here is a 200 exponential moving average I don't know five minute chart If you look over here traders the main support is 840 850 you can see now they're trying over here to hold it Okay, they're still rejecting so the small position right the small position that we we shared So starting really after your Level over here being rejected with this level over here starting to take in our small trade Getting over here filled with One dollar risk It's already going for five bucks Okay, so now you manage your position And you start looking for a more unwind and the next target is a 45 the big one and then a 40 Makes sense guys So that is the level again process is this Together with this heat map over here and you get in over here We're gonna do this and this over here seven points 845 you see the big support they basically had a washout over here You can see the price breaking down a 45 right away reclaiming So now we could have a possible bounce until over here at 49 848 and deal with this level of here Let's see Form a little support a 45 For now it's an inside bar They're trying to gain momentum you can see buyers now We said possibly bounce 844 848 and 58 49. Let's see 847 More heat map over here more support a 45 and 50 So we have over here bounce Let's see if they're gonna push 847 then they form a new support 847 It's nice how they position this you see a traders So if you see this it's still in a downtrend. It's a bear flag at the end right like happen over here So they're not oh wow, we have to buy over here. No, no, no, no I'm telling you it's a possible pullback to this area 848 848 and 50 848 right now. Let's say this is a bear flag This is possible a bear flag Okay You see over here how they're rising momentum how buyers are stepping in somebody control a 848 possibly now another fade Okay, so you see how they form heat maps That's exactly what I meant and we call this before the thing happening Okay, so again over here you start seeing all this support basically Let me see over here. We'll mark it for you So we see the 845 845 And then new buyers stepping in raising the bid levels new heat maps People bounce to 90 main this case came even to 850 Yeah, great great example joseph in real time love it And this cap and traders always When we have I would say a huge amount of liquidity all stuck into a certain level So what I mean by that if you look over here, let me put this We have this 845 you can see the main liquidity And then over here stuck why because over here they they sell maybe somebody short sells over here the breakdown And I believe these short sellers over here are a little bit trapped And then starts to curl and you can see over here that this Support came comes back and then another one another another day. It's going up Do I think this is a reversal to the upside? Probably not probably still like unwind over here But you know you have to recognize traders. You have to recognize these things. Okay This is what forms a trader. Let's see me again if it has any kind of Question Okay, now if I start seeing some seller above We can have a possible fail I like this. I like this very much And that is exactly Where I short, okay, that's exactly where you're short. Again, I'm not shorting now There's my day off. So I just wanted to show one thing over there, but This is my short. This is why I want a short and already over here. I'm out half Covering break a bit and then putting a stop break even who cares Who cares if it goes back, but you see over there again that heat map traders This is a stuff that you have to learn. Okay, again, I'm putting this Uh, no me that is not I'm using candles now. I'm just showing you today Candles, but I prefer the DOS generally. Okay, this is just a heat map short example with 90 may So when heat map Comes in What is it map? It's basically sellers on da On the four 849 Sellers at 849 Equal fade That's the point Okay, uh, you again, uh, personally do use, uh Dots or you use buddy Candles even are you traders? What do you use? Oath dots dots dots volume. That's okay. And I prefer the dots and book and Bruce will tell you why Because with dots you can see the exhaustion And uh, you can see Let me see if I can show you an example over here What I mean by that why I put this no Uh dots over here Okay But I need to put over here also the MBBO so this MBBO okay, I'm I'm trying to explain a few things over here. I need to take off the candles Candlestick bars one second. Okay, so Often you will see Often you will see this You'll see the price Now this is not the perfect example really Um, I'll need to see a little bit more extension over here Okay. Okay. Maybe maybe these over here. Maybe these over here so When you have the price pushing and you start seeing really no dots over here I start looking at really these levels like no place For buyers anymore. So basically, I don't see buyers anymore. What does it mean if they don't don't have buyers. They're exhausted Nobody is willing to pay anymore eight forty eight fifty four and fifty eight forty five for this because they don't Uh, consider anymore Tesla good at its price to buy and hold. That's the point So when I see something like this, I see no buyers And I see no prints up here Who is left? Nobody And therefore People get scared. Oh damn. Nobody's buying anymore. Nobody's buying. So what I'm going to do over here. I'm gonna dump and if you dump That's a perfect moment to short With them and you can see over here. Who is in control now? You see this over here guys blue or pink This is basically all magenta over here not paying. Sorry, but it basically only sellers over here. Of course, we'll see some buyers but I mean The majority are sellers over here. So sellers are in control Okay, and you can see it's so clear with this now use uh Dots you use the candles user. I don't know like squares. I don't really care. I'm just telling you how it works. That's it That's it So if now for example, we would see A big push a big rip and right away you see a big spike over here and mbb Oh, I could say that is uh Is a exhaustion of the move for now who is in control all buyers look over here the buyers Got it And everything started from our little over here dip Soak on the bid Boom push all the way up A good lesson today because at least tesla is moving. So it's giving us a possibility to see some good things Gonna go back on candlesticks. Don't get mad And we're gonna cut mbbo for now only because today. I just want to show you candles next time We're gonna go with mbbo and we're gonna go with the sweep indicator. We're gonna go with the other Okay, so at this point over here, you can see three heat maps So They're not huge because you know 4 000 and right now tesla's not huge, but this is a pretty good First level to short Okay, so the train is still down came down over here pop It's a pretty good level to short one heat map second three is like Wall of sellers. I mean for wall of sellers I would like to see something that big like this Maybe eight ten thousand not, you know, four thousand one thousand two thousand But it's still decent over here for me to take a position short And we're doing this because it's trying to still down and because over here We have The small heat map bigger bigger and bigger This is a good level for a short opportunity and you short atop You're right away covering parts of the dip and then you put a sub-break even if you get break even you're out If it goes down 15 points is good money. So look over here So imagine you took over here the short Prices over here 55 25 So for now it's making stilling inside bar if it doesn't reach the a 56 you're still in over here. That's your break even out Okay Let's look traders one second at apple Okay, I'm looking at apple because it's curling and pushing Now remember it's full of previous day resistance this level this level this level still full over here. Okay Even a good amount of volume right now bars of 300 400 k per minute Which is still good volume on apple and we're shorting 166 them. No personally wine I have the DX feed the full one with the mbbo I mean the more that I have the more complete these heat maps These I would say prints are Exactly Now we're getting to the 166 so probably not 166. I expect, you know 60 70 cents of pullback Let's wait that it touches and then fades over here, but I'm not shorting that not shorting that Okay This is how I like to see my book map exactly like this What is doing over here Is doing a small flag, but I never buy these over here until they don't go near the 90 may because you're risking too much Because when they break this 166 and 55 they can really fade you see over here Seems a good bull flag, right? No, don't buy it because you don't have a very good risk level So I'm buying always these dips over here. We're near this 90 make now. Let's look They pushed it so they're trying to break it They stuffed it so right away. They brought above and below Breakout trading is very hard traders. It's very very hard Why it's hard because it doesn't work Joseph, how did you I mean this is a Psychological question I've I've always been impressed. I mean since you've said it since I first heard you say it like You know cutting your losses just you know getting out cutting your losses just wait for the next one It's not worth it. And uh, don't don't let it scar you Sorry to just one second, bro. This is a short This is a short scalp low risk because we have that huge heat map So you're risking like 20 cents in order to make like possibly one buck So these are the levels that you want to see Sorry bruce, but I wanted to say this Careful now they create a support but you're risking just you know a big orange heat map over here So this is really where I would counter trend short You can see over here. They're trying to push it down And now if I see it that doesn't work, I would cut over here see it removed for me That's my break even stop where I'm getting out traders. It doesn't work Because we don't have any more that heat map over here So now it's coming again, but out boom So you take a scratch but a scratch that is worth because if it goes down Basically, you get like the the same bounce it came down here all up here Okay, bruce. You are telling me about the risk on losing. You just demoed it in real time But how how you like got over that I think that's a really hard Thing to learn for traders Like a very simple bruce And I would want to answer right away like this for me the first thing that gets out to my mouth From my mouth is basically you have to You have to consider that you will cut a lot You have to learn that in order to make a ton of money this job You will have losses so the more you learn how to lose the more you learn how to stop the better your trading will be So it's not really You know having a huge high win rate. It's really Learning you have to cut you have to cut you will take stop losses You need to cut that's the most important thing I'm just I'm just curious like, you know the evolution of of your your process, you know when you were learning Did you find that You know, maybe you didn't quite have your setups really Detailed out like you do now But You know, you were like, well, I'm sick of taking losses I'm just going to cut the trade and and wait for something better And then that started to also define your setups better And the clarity and what you're looking for in your setups or was it the opposite? Um, you know, I'm just you know curious like how it kind of unfolded how you learned how to take those losses I would say through practice Uh, all I I really don't like to to invest money if I don't have you know, uh, big test system um and for me is You know in this job you lose a lot a lot and very fast if you don't know what you're doing So, uh, you can be reckless and you know start training without a really proper strategy Uh And you won't last that much So for example, when I when I started was a total different market I was trading European markets mainly Italian market banking days. I was like 19 something like that And I was uh 99 2000 and I remember I had my small account those times three million liter Which was like uh 1500 bucks right now I lost in one month click on basically trying to do things and having no clue of how to do it So I was like randomly, you know shifting from a strategy to another one and Was not working anything for me So I I started to observe the market what the market is doing and I started to research patterns I started to see if patterns that I was seeing that moment did where we occur And that first year I I basically find my niche. So it was very fast And it was basically using core warrants in stocks at the same time In core warrants are the same exact thing as options today in the us market. So the same exact, you know, maybe the The percentage that I used to have on a core warrants was even bigger than the one that the option gave you right now So that's how I could grow an account, you know small account very very fast and What We say I was lucky because the win rate was very high Maybe 90 95% win rate was really really crazy high It was every time like, you know Going to the casino knowing that you put the money in the red and always red had to come out When I started then moving also to futures market To the us stock market. I didn't have any more than the win rate. So I had to learn really how to lose And it was in the beginning like, you know, frustrating because I was coming on something that I was betting money and nine times out of 10 I wouldn't make money. So I was super sure, you know to put big size every single time That's the reason why I was making 30 million off Intermediate a volume per month in in euro And then when I started to trade a big market as well was around 2004 2005 2006 I had to cut, you know back maybe 200 shares 50 shares something like that Because I was not having not even 50% win rate Then I need to study and observe the market again and trying to find what was fit for me For example, not everybody is a day trader scalper or swing trader Having said that I started to lose less When I started to cut faster my my trades, but then also I was cutting too fast of my wins So I had to work on back testing the system mainly manually because I'm not a programmer So using a spreadsheet on excel And I did this that for years. So when people now they put their excels, you know 2022 I was doing that in 2004 2005 2006 And I I had, you know, those monitors with, you know, with the back over here I had like three or four monitors under my parents stairs And uh, my mom is over here. So she was seeing all of this And basically was a, you know Thousand of hours of researching and back testing And then I was trying to cut early my trades But then I had to the bad trades But I had also to start to improve to have more Our return for my win trades, you know to balance better my my trading And basically for me was really like learning that I have to cut something that working cut cut cut And it really seems like, you know, against our human nature because you're saying yourself, okay, I'm wrong I need to cut it. I'm wrong. I need to cut it But in reality you're protecting your account and you're putting then the money on maybe a winner horse not on a losing horse That is really what what worked for me Oh, thank you very much, joseph. That's exactly what I wanted to hear It's like music to to uh, our ears. I think, uh Learning how to take a loss And also learning why it's losing It it dove tailing or meshing with your Backtesting Yeah, it's it's a lot about that. It's a lot about that also because I'm I'm trying to move to quantum So to the to the dark side in trying to, you know, having like more automatic systems systems And that research that backtesting is one of the most important things like how to tweak also your filters That really makes the difference between your r return That that you can have. All right, so let's look over here if apple gives a setup So in this case what I'm looking over here on apple would be a heat map below I don't see it. I don't need to trade it If I start see this forming so basically like we saw before and right Which was on tesla for example, or it happened Let's see down here not really over here No, this over here. No But generally apple does that setup. So I like to trade that Over here, we have no support yet. So you can see the price It has a small support over here, right small support. We're talking about this level Let's see if we're going to have a little bit of support over here formation Very small light one over here and I want to long on these because instantly especially with all this resists above So sellers over here. No, I'm not longing over here More sellers more sellers Careful they're moving over here liquidity Possible unwind They're selling a little bit more you see They remove this one Maybe they're going to jump in over here. Let's see Form a new bar Lash over here. So somebody's spoofing all these are spoof Okay, break down over here. So you see traders what we said just right now A lot of support over here a lot of resistance over here. No support now more sellers Possible, you know unwind and you can see over here on there selling right so you can see the reversal of the play And this is beautiful. You see how it's easy to cut catch of these And I just like told you this like a few seconds before it happened So a good good point over here too. We saw a lot of setups today. So I hope like You you took like notes uh razor Good morning, buddy JT what are your heatmaps setting really interesting how you use them in today? Uh, honestly, I put all default today Uh, apple default otherwise you see I use 999 on apple Uh, test like put default otherwise I generally use 499. I'm less than super liquid and I use 999 Uh, nvidia was the other one that I had And I had default again over here otherwise I put even here 999 or when it's super liquid I put 1999 It changes a lot when I trade small caps absolutely a lot buddy today I put sit take over here that I didn't even trade it. Okay. I'm not trading these three four days But I change them these often and I need to put generally from 5,000 up even to 20,000 So if I trade a seven dollar stock will be again around 5,000 a 10 dollar stock Maybe 3,000 a five a five dollar stock will be generally like 10,000 $2 stock general will be like 20,000. Okay, just to give an idea And over here say bye bye apple look that liquidator jumping in I mean this is so crazy, right It's all crazy over here so crazy We're gonna make like this so huge wall of sellers 166 10 166 30 um reversal pattern Okay, and the stud traders Claire for everybody. Yeah, really nice one Joseph in real time there with that heat map pressing down Exactly. That's the point traders. That's the point. You're like this Good morning, Leo. Let's see over here the evolution of this Okay traders 1130 We have, you know, five minutes for a Q&A if you want Wine you don't see the mbbo Bruce I think will reach to you Yeah, you you log in log into Bookmap.com slash portal and then on the left hand side, you'll you'll see ad subscription or ad in there and you should see mbbo Any more question traders Bruce you need to add anything else No, just putting your contact information in here as well Joseph, so if people have any Questions about your mentorship or education they can reach out to you. Can I share Bruce the link that we have on YouTube? sure Every morning traders we have a free free webinar on the morning plan For stocks futures crypto So join us and come to see we use book map and We just give you know the news of the day the stocks the futures the crypto that I'm following or I'm going to trade That's it. Follow us and spread with your friends bring only, you know, good people And thank you Bruce always for being a great host over here thinking of this business Hopefully we'll make a webinar in live In a in a place where you know, he decides maybe in the States will be amazing I'm looking to do that with you Bruce. Yeah That would be great. That would be great. I'm looking to do it with you, but in San Marino Okay, okay. I mean we'll come European traders, I guess Yeah, sure sure Yeah, that'd be that'd be excellent. That'd be excellent, but Yeah, thank you very much Joseph great great webinar You're welcome traders. So see you again tomorrow For Scott Bulsini follow the guys very very good And then traders see you next week over here everybody. Thank you very much. Thank you Bruce and thank you book map