 How can you see what's happening? Okay, good morning traders and welcome to the book map live trading webinar with Jay. He was happening Okay, good morning traders starting to welcome to the book All right, so Jay trader will be in in just a few minutes Usually comes in about 15 minutes or 20 minutes later But we'll go through the S&P E-mini in the meantime as we're waiting for him to finish up his trading room And then start his stock trading and live analysis You guys know who Jay trader is. I do need to go through the risk disclosures quickly and here's his contact information He does offer education and mentoring services. I'll put this into the chat for you and let's go through these disclosures and Understand what you're getting involved with here at book map the general disclosure all book map limited materials information and Presentations are for educational purposes only it should not be considered specific investment advice nor recommendations live trading is in simulation Demo paper trading mode and strictly for educational purposes live trading executed in simulation cannot accurately represent realistic trading performance risk disclosure training futures equities and digital currencies Involves the central 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. All right Let's jump in and look at this S&P some interesting stuff right off the bat here Just about every day it is but like I'm just fascinated by the the order flow We can see the the rise up here just around 915 into high liquidity here It was very strange to see this move up here You can look at the cumulative volume Delta as it is dropping. There's a lot of selling up in here It is a combo level from a spot gamma they're looking at the options trading around this critical level around 46 18 And and we can look at the order flow here as well at the cash open So we have a lot of selling in here So that's not what we're looking for up at these levels here They're also getting filled here and here in the liqueur and we never even trade a 46 20 here And then we see the drop here. So interesting stuff to take a look at and We would look for Sellers to start to come in here and try to drive it down into 46 0 7 And did they do that? No Never never made it down there But it did make it down to some of this liquidity that started to show up in the book down here and Yeah, here's a I don't know if let's see Techie girl if she's in here today Just wanted to Show her or you guys that's something we covered yesterday and yesterday's webinar the Low volume pullback Well, here it is and also for you VWAP traders here It is right to it right to where this selling came in this big selling cluster. This is exactly what we covered Okay, now there is a little bit of a caveat in here first off It's the open okay, but there's heavy selling here followed by more selling now It's really not all that heavy down here. We want to see this kind of selling Consistently all the way down here, then we'll likely get continuation Okay, so it kind of tapered off here and you can see there's back and forth So it's not the greatest low volume pullback But it is still if you look at the dots and you look at the bars It is still less buying back up to this level So we would look and it's off of VWAP too It broke this structure here. So we would look for the A pullback back down and at least back down into this level here around 4610, which is exactly what it did and Be I would I would have been hold holding it for for the move and continuation lower Take some profit off down here and try to get a runner. So Anyway, that didn't unfold and then we see this VWAP here is a pretty pretty Interesting level here. It's not just VWAP. Look at the structure again The market structure here. We have consolidation. We have breakdown. We have another break out Okay, another structure up here and now that's breaking and it's coming right back down into VWAP here Okay, so it's really this line here around Coincides with VWAP, but you can see the structure beautiful structure setting up here Is it going to accept above this 46 14 and a half or is it going to go below it? That's what we're kind of looking for here. Now. Good morning, everybody Can you guys hear me and see my screen correctly in here? and Okay. Yeah, thanks guys. I appreciate that Always kind of scares me if I go on for like 10 minutes and and then I don't hear anything All right, so we'll see if we can get the These sellers we're going to try to move it here. It looks like they're going to try to go for it It's really nothing The selling is not bad in here, but it's really back and forth in here So this is not really a high probability order flow read. However, it is the primary scenario of breaking this back down into 1311 and maybe 10 or maybe even 07 down here Okay, that's the primary scenario and it's because we see the selling coming in here Okay, and we're been bouncing around this level here But yeah looking for you know more sellers just to come in and try to drive it lower here So let's see if we can get that Let's see youtubers over here Yep. Good morning. Thank you, Jose and Alright and let's J trader will be in shortly and then we'll Take a look at some stocks here. All right, but we're getting kind of overall feel here of what's going on higher timeframe analysis We haven't done that yet Really interesting move yesterday. I mean look at the bullishness now this this kind of bull flag in here We mentioned this but you know is very kind of I was at least very careful up in these levels here but look at we decisively broke through that level yesterday and You know way up here now. So the next level is up here around this 4664 or 65 somewhere around there in this swing up here And we can see a little bit of a slowdown here today. All right, so the hourly chart This is the daily on the left here is the hourly here You know, it's still bullish. There's no question However, we're just not seeing a lot going on here in price action Nor the 15 minute at the moment here. So it's kind of You know, well the buyers are down here It seems at the moment around this 07 and the sellers are up here around this 30 level. That's about it All right Good morning MC loco Low volume pullback. Yeah, we covered kind of one earlier. Just just I don't know if you just jumped in that right now but Yeah, we covered one around No, we covered this one right around nine 941 or so okay, and would be looking for the follow-through on that and it didn't I Buyers came right back in and and you can see we're still bouncing around this area here It was looking for the sellers to continue here And it's not high probability In fact now it looks like buyers want to trade it right back up to where it dropped from here around 17 Now that's only like a point or two, right? But that's what we're looking for now because there's buyers coming in and in there They're starting to follow through a little bit higher here to see if they can get up just a bit higher Into this this level here, which again is it's market structure that we're looking at where Sellers came in and and and and and broke it lower here Is it a low volume pullback? Um, no, I'd be really careful with this one in here. I really don't see Anything that's yeah, there's sellers in here as you can see Okay, so that's why we were looking kind of for continuation here but Yeah, no, this is this is really mixed in here you can go either way that I don't I do not see anything like a low volume pullback All right Yeah, we'll continue to go go over that again and again It's it's just such a good strategy Just you know really the order flow really helps us on that one And again low volume pullback is usually we're looking for a trending market, okay? And we don't really see it trending right now It's kind of all over the place All right Let's see any other questions at the moment We have we do have crude oil Inventories here in a bit So that's going to be interesting We're up here at 108 on the K contract the April contract Keep an eye out on this one here and it's all it's really all over the place as well If there's anything here buyers, you know took control here As you can see this is this is a good move You know that strong consistent buying Broke the high here trickled kind of back down into where We covered pullbacks yesterday and in more detail But you know, we're not making this up. You can see it here It's so visual high liquidity big volume dot pullback right to it Okay, and other high liquidity in here on the bid here wanting to get filled again It surprisingly it did not trade up into this 10880 here. It's been just kind of bouncing around I'm really surprised like especially with this buying coming in right here There is we do get a little bit of insight here You can see there's a quite the darker blue line here. In fact, let me take the cumulative volume delta off The Darker blue line in here. Well, that's a lot of icebergs in here. Okay. All right. Good morning, Joseph. Looks like you're in Morning bros. Good morning, everybody. Good morning, Joseph. Let me let me give you the screen here Are you already kind of broadcasting the? Your screen Just give me one second. Okay. Okay. I'm gonna screen share right now Okay, let me know Bruce if you can see my monitor. Yep. Yeah, looks good. All right, so I I just saw a few minutes ago this NLB We have a lot of small caps also big caps now starting to push like Tesla like Apple and I was looking for a low risk scenario in This case NLB is a small cap We're gonna check together traders. What is NLB and why I decided really very fast I I posted over here also in an advanced webinar why I wanted to take this over here and I Will explain what I saw in book map. I explain I will explain what I saw on my Stats, all right. So that's a very important important key Stats then together with book So first of all, I was looking at Good morning Taro. Good morning, everybody. I was looking at this So just a normal scanner. Okay, whatever you want. Just take a scanner and focus on the gappers That are above 15 or even 20% We are looking over here at The market cap, which is 25 The share float is 27 million So this is hard to float rotate And over here you can see the volume traded right now is 30 million. So flow rotate it only one time Let's dig a little bit more Into the stats So we can see also a low institution ownership So a very low interest from the firms from the big institutions who hold this long term Over here. We have news Stock source 32% as health Canada proofs pain guard or regard Over here also the license over here. You can see over here. So that's the news General these news tend to fade license agreement or contract agreement and It basically Has also history We can see over here Gap stats has history also fading on day one. So what I'm looking over here for gaps above 20% and volume more than 10 in 10 in 10 million, sorry and We can see that the average I would a time is 1125 Average a percent is of extension from the gate is 21%. Okay, so we're talking about an extension from the gate of Around 21% so this morning this extended of 20% So this is why stats are very reliable Okay, of course with the same parameters because this is what I've had Like five times the volume that we have to take different stats for it and Then I go check the financial just the guidelines to see what kind of company is this and we see a company with a Positive networking capital, but we have over here A negative net income a very small revenue and they still have a yes a little bit of cash because basically They'll lose in 200k per month and they have around 8 million. I Always look for this at In in premise over here that I moved to the weekly chart and I start looking okay What happened over here on the on the weekly? Do we have any kind of big volume resistance? How the stock moved? And you can see trader that this stock over here in this day tend to push faded Push faded push faded and so on now. Let's look at the mainly levels. So we have over here main support around 0.50 and Then a resistance over here in the weekly another is this over here on the weekly You see I'm taking into consideration only high weekly levels So 92 million traded on this week over here And then the majority over here we traded this week 500 million, right? That's a use amount of volume So I'm gonna put the high over here The low is already over there The high over here the lowest there and then more volume over here and And more volume over here. So we have many okay many high volume weeks for now Let's check the daily if I can see something better. Maybe That will filter my my trade So we have this daily resistance, which is very important. Remember 147 so we can round it to the 150 Then we have 177 over here We also have over here a high volume day With the high at 141 let's put also this then we have 120 Also a million volume over here, but there's already 190. We are not interested in that and now let's put The four-hour chart. Okay. I think those levels over there are good. We can also put this dip over here And now you see where's the top So the top Was exactly to the slow and we rejected from the 133 136 this morning so I've seen some good charts this morning on this and The point for me was again too short now. What is the target too short in this case? This for example is what we did that's a call that a trade we made and now we're looking for this one and lower So the timing came from a book map and over here we can use book map in different ways Okay, we can put the dots and I'm gonna put also dots for you traders We can put over here Smart Right and we can see the difference on this push because this push came at around 10 0 7 10 0 8 So we were looking for break out this level here this bar. You see big breakout and over here we have a pennant right Big volume big breakout over here pushing We hear big one and then over here you see only buyers, you know those dots only buyers And on this bar over here, okay, so the bar of 10 10 we started to have like a spike Right away flushed and then over here second bar and then a third bar Look these two bars over here We have a shift between buyers and then the amount of sellers over here and that's exactly when we started shorting And now you can see that we have a support just into the J lines 117 which is this level over here 117. So again, you can see how J lines correspond to high levels of liquidity Okay Now I'm looking for this to fade All the way down Until 090 095. Okay, so I traded really Came because this came on my scanner about 20 minutes ago Five minutes before the break of the preview preview pre-market high And then I started shorting it. All right started shorting it because I was very convinced on the pattern the stats The heat map everything together Okay, let's continue to watch the question on that Joseph, you know That's quite a bit that you just went through. How are you able? I guess you're just accustomed to it to be able to read the fundamentals or the You know financials quickly and get an idea and then look for something technical Yeah Yeah, the fact is I have to be totally honest Bruce being that I treated naov in the past I already knew how this was so in that moment I didn't go to check the the filings But I just check it the news You have time because this is already on the scanners from the early pre-market So traders have really time to go and check the filings even looking at to see if they have the illusion and But I just remember the ticker. So, you know, it's a little bit Experience and you will remember these things traders like over time The second one that I had today Was and I'm still shorting this Because the majority of today besides Isyg was a short so I was looking at V y and T and I miss the pre-market trade on this actually sorry, I shorter started 184 and a lot of traders this morning asked me Why did you shorted 81 on 84? Well, basically traders. I showed at this level here 832 Which is this pump over here and we have no buyers. Okay? We have very low buyers. Oh almost no buyers. We can put over here also our volume dots and you can see that We have buyers over here forming and then where they go, they cannot break the V web So I shorted this 184 but I started then this morning was looking for a pump. This was my plan Okay, so I wrote in the boss list. Let's look for a pump looking to short this blah, blah, blah, and In about One two three days. I had like 20 trades and two stops. My stop was one 15 12 cents on Apple and three cents day on V y and T So I share my trade in the room. I showed over here 184 and It came down dip 178 Why because this was the view up and I saw also some some sellers over here city traders I see sellers. So let's jump in. Let's take this fade This was a pump and the volume is not high to educate per minute on a $1 stock is basically like to say that Uh, I don't know on on Tesla, you will have like two share per minute. Okay. It's very very low And then when it came in 187 so over here, we had the big ask There was around I believe Yeah, around 23,000 maybe a little bit more at the time was some arka And I stopped from let's say 30,000 went down to 17. I didn't want to wait. I stopped simply stopped Into this bar over here this dot over here And then it continued to go Now few traders took the top. So glad for them. They truly much better than me on this one And again, why do you can see over here the shift, right? Because this part is only buyers and this part is only sellers. It's very very easy to to see this But when you are in the market, I was looking at 10 stocks at the same time 10 I have a position that's open on six stocks right now six Going towards my way Uh, looking at futures looking at bitcoin and another I can tell that sometimes you mess up with the timing So I shorted at 188 exactly over here Again, I posted my chart I posted alert live and everything blah blah And I was covering this in in the industry So when I saw this bar, you can see over here the huge amount of sellers that we have on this right only pink dot sellers I shorted exactly over here And now I basically covered my stop because stop was 3 cents I took partial. Uh, let me see where it took the partial. Just one second Uh, v y n t Yes, I took a partial 176 So over there I took like, uh, 3 r and now i'm holding for this 160 and i'm covering right now into the v y n t 160s So i'm putting limits out into this area here into 156 158 and so on but this is a very low risk trade and Again, book map give me the timing And I had my pattern that I trade every single time and this pattern gives me like 80 80 plus percent win rate Um Let me see over here. Okay This is also the job of a teammate So getting this tip Now I see some traders that ask me if I can put a little bit more resolution Uh, let me know if this will be better traders. This remember is a 4k monitor. Uh, but let's see if I can reduce my Reduce my uh quality Yeah, I think that would be helpful joseph. It is a little hard to read but it's it's clear It should be better, right? Yeah. Yeah, uh, let us know guys. Um, there's still room in the discord Area as well. Uh, if you guys want to watch it in there Okay Let me know trade if this is better. I I increased the zoom So you can see better the prices All right, I want you to focus being that i'm holding. Uh, v y n t I'm holding, uh, n o v. I'm holding adgi I'm a little bit um Sad I mean yesterday the only long that I took was on apple. I had four longs and uh, one of these longs was a was a stop of 10 12 cents I'm a little bit about sad that adgi. I didn't recycle my shares over here 580 Which was an important level of heat map. I really like this We're gonna put again the volume dots up. So rusa's happy when I do it So let's make him happy And It's it it I I really like the way you're using the candlesticks. It's just that There's a gap between and that's exactly why you know and and the volume dots will show things that the candles can't Yes, it's just you know sometimes to Eliminate a little bit of confusion keeping a little bit more like a bigger picture. That's that's my point So when I have the level over here for example, 587, I know there's a vweb I know there's 590 there's a resistance and that is my setup for me is ready enough to go then of course traders You can analyze better over here like bruce says the the order flow even the the timing of the prior section, right? And over here, I missed this re-entry. Okay. I enter in pre-market. My entry is up here 680. This is my average Risking the 715 and I'm holding for this 450 for 70 area But again, I wanted to go over apple and tesla So apple sitting right now the j lines And tesla Over here trying to bounce It's still not outside a previous day rain. So we need to wait for that We can put Apple over here. Okay. So yes, it's pulling back Apple is pulling back So let me if you see anything else, okay Joseph that's such a nice edge that you have many eyes Not only immediately in your room there I mean physical room or you know area there, but also with your network of Of traders. They're looking at many things and and yeah, because you have right away, you know alerts And then you just have to follow the the pattern Look over here bruce this morning The real I didn't trade apple this morning traders. Okay, I didn't trade any kind of big cap The trader that I took on apple is a counter trend trade So I don't really Want the traders following me on this. That's reason not why I didn't call this trade in the room Because my trader on the big caps is 90 percent trend following I took my trade exactly this morning over here bruce on this one Exactly that level and you can understand why Because we push into this 179 and 60 And when I saw this heat map over here forming for me that was more than enough one heat map two and three up here So reason too short and I covered the majority down here. Why j-lines? Okay, so very very easy Um, another thing that we have to analyze over here Because if you look at the one hour chart, I'm sorry the one minute chart You'll tell me j I find I find nothing over here to trade Okay, and now I can show you this Uh, let's see if I can make sunny happy this morning Sunny is better, buddy So I had to go from my 4k down to 1080 Okay, send me a pizza So besides by kidding. I'm looking at the levels. All right always looking at the levels over here And uh, we have to go back. We learn our anything else now the point is on apple. We don't have any kind of Uh, previous high volume days above this But fortunately that top was just into this area over here And this is a weekly chart. So we see this top That was good And uh, this top over here is good and then we have also this top So when I go back And I'm looking for those plays too short I know that that's my weekly resistance And then over here, I have the top on an extension far from the 90 may just into a heat map over here Okay, so more things together confirm my thesis Okay traders All right. So now let's follow See if we have anything else Joseph, are you there? Yes, I'm here. Oh, okay I'm here Just waiting over here I try to mute those uh notifications because it really bothered me I'm sorry about this. Uh, I mean this is we're streaming all at the same Rates we we all have before in the past. So I don't know what it's a little bit blurry But this is the best we can do guys all right, so Apple again remember yesterday we have this resistance. So I'm not going to trade if we don't have a push above 179 That's what I'm looking for This was the setup of yesterday So we had a trend break and our J9 curl if you see Tesla the day before was the same exact setup And over here, I'm not considering anything to trade below the Syria So I want to trade above this 179 only that okay, maybe you can have a trade Let's see if yes is gonna push you can see on my left What I'm trying to teach over here traders in the you know in the short time that we have together Is that if you want to be professional traders You have to not follow alerts And you have to learn how to day trade by yourself Being that you trade stocks options futures and cryptocurrencies, okay um I have a precise playbook Playbook is when I say playbook means like my chart patterns Which created my strategy and strategy has to be formed by risk management by patterns By a read of order of flow in this case and also by mental aspects We could be disciplined patients, you know fear And really work on yourself So when I'm telling that I'm looking even despite over here having the zealots, okay I'm looking for this kind of scenarios only when we are above this level And when we are trending is because this is back tested means that I took my excel seat And then each day I put over there the Results the setups hard work the drawdown the loss the win in order to make something completely analytical And by that I take my trades because I have stats that uh are we say Uh supporting my thesis supporting my plan. This is the first thing Now, uh, I generally don't like to trade mid-morning, but I have to change the idea lately I'm trading even during the day because Uh big caps especially besides yesterday. It was everything in range But especially big caps they start to trend mainly midday or afternoon You can see this on envidia past weeks on apple past weeks on tesla past week and others Uh, the stocks that I'm preferring to trade right now on the big caps. They give me more volatility or apple envidia asla um baba also ba facebook netflix And when bitcoin is really crazy and volatile than mar Okay, generally these but I'll of course trade even others on the big caps try to specialize in few Joseph um, yeah, I have some questions on that like uh, because this is probably not meeting what your typical strategies of of breakout and Or maybe it is I don't know Uh, uh breakout of a new daily range and continuation. Um, uh, it's probably a lot more choppy I imagine Well, exactly if we trade inside This range over here guys and let's look together So I traded this this this this this this this I didn't trade it these two days over here. Why? Because it's still putting range inside this area over here so therefore If I'm not really having a trend established like I could have over here like I could have over here like I could have over here Like I could have over here. There's no point for me to trade long There's no point for me to take short So I'm staying out of low liquidity areas and you can spot low liquidity from just putting your level support resistance and you will see always this in the volume contraction days The price will be lateral Yeah, so remember about volume contraction Now tesla over here is uptrending. Yes, but I'm not going to scalp. I can trade this if I'm looking to scalp Because you can see so many previous daily resistance here We can see over here. We can see over here So when you traded these levels, you can you know that you can have a possible reversal Like over here. We dip we rejected. This is not my perfect scenario A perfect scenario is like we had tesla a few days back Like this day over here that we start trending. That is where I want to put my focus on interesting so It's been a bit of a switch then from your Looking on the large caps looking for a breakout on the daily chart You're looking intraday, but you're still looking at Basically exactly the same setup, but it is not breaking out of a daily range Yeah, I prefer more bruce to have a correct trend And looking for those I would say a plus setup scenario When the market gives me trend breakout Of the previous day range And then I know that the breakout will bring a lot of traders Why this because up till now the market was not a bullish market So it was not the market we had for example as june and therefore I had to Stop using for example setups that I like like on the over that you can only use in certain cycle scenarios Marker divided traders in different cycle scenarios. So you have the markup markdown You have the accumulation distribution If you trade during the accumulation distribution or markdown Uh, certain setups, they won't work while they will work for example when you have Uh, a markup. So this is extremely important Now I'm looking over here adgi because it's breaking my trend line We start having buyers over here Main level of resistance at six So adgi could be one stock that we're going to trade as soon So adgi Watching for Ideally it's a little bit far the six dollar level over here previous resistance a six extent And six we have a huge heat map. So let's watch this this one good. Yeah So we started now NAOV At my trade is a 133 134 Now it's 115 So we're already making over here 15 cents When we were risking like four This is a pretty good return Now I'm holding for scene 090. So let's look at these things together At these levels together now we can keep like this and I'm gonna take off this So this morning We started with an increase of volume was Very big volume over here We are the one million for a five minute candle bar on the Yeah, around seven Yeah, seven seven zero five time So you can see we're here all green bars, right curl pattern Bar bar bar and then at a certain point we started having this seven dollar resistance So this is the first level that I started seeing For a possible fate for a possible short And then we go to retest it Into the Syria this bar here Which is This bar here, right? So we go up above that seven ten right away slam below And since that moment we don't reclaim anymore that level 7 11 This becomes even more interesting And this is what should give you the conviction to look for a short First of all, you have to look at your daily chart Of course And then you're looking over here seven resistance seven resistance, okay So what we have we have a seller at seven that is refilling constantly He won't show it over there that maybe is with 300k But he will come every single time that somebody eats a little bit And then even more players At a certain point over here. We started having a more another seller. So 697 All right, and this is a 730. So when the price is over here, you start having resistance above And then starts to unwind unwind unwind Don't look at this because this never happened. So we didn't have a pop 690. Don't look at this Now at 930 I was I was expecting 6 6 15 Or 645 never came. So I missed my entry exactly this year over here All right This 955 missed it Was good. Yes. We saw before with the heatmaps Now we rejected the 570. I'm am I man? Did I add more? No, I didn't add over here So I'm just waiting for that push Into ideally the six Which would be my favorite level Too short. Otherwise I'm holding like this. Let's look at Apple we're still inside that range BA is one of the stocks that I'm watching We will need to break this 196 and 55 Baba we have to break the 120 that I'm starting to trade this So we have a push over here on hills very low volume Let's start watching this hills HILS Let's prepare also the order of flow So the main resistance over here on hills Is this 225 225 250 and at 330 Let's see also the forward chart. Yeah, we can say we did 225 Let's put over here HILS Very very liquid right now. So we need of course the push at least 225 So watching heels to short that level in feet. Yeah, just 20% gap for now Apple nothing So watching adgi traders coming up But great morning. We have BYNT now short and adgi short from the pre-market Now we're watching for tesla and this is not an a plus setup because We'll be only partial scalping as we're inside a previous day range I'm going to adopt this setup over here. So we have a resistance 13 then another one at 15 16 over here And then this previous sigh at 24 Uh, so to answer over here homesy It's hard for me to give suggestion on brokers over here Um, write me in private to think it's better But yes with trade station, you will hardly find hard to borrow stocks Trade station is a good broker for trading for example options or big caps But there are other brokers much better That allow you to have very cheap bars harder bar stocks if you trade small caps the majority of these 90% Will give you very good shorts and with very easy setups I trade personally both small caps and big caps How many brokers do you have? 24 plus an italian broker Oh, bravo Do you trade the italian borce? No, but I use that to make Day trades and swings on the big caps It's pretty good. Just as I use that software You know for the execution. So I use that a lot Okay, but you don't trade italian stocks No, not anymore now. Okay No, no, I I stopped that 15 years ago So You're you're you're primarily I mean you're just trading us markets basically Uh, yes, uh, and um, the cryptocurrency is a bitcoin It has a little bit over here Sideways Support 1106 Breaking the support. So we'll revisit this at the jay lines 104 Yes, they weighed a lot of dips over here, but on apple like right now tesla. Yes, it's coming down. So Just check yes traders Has no range you want to trade yes when it's doing this So you want to stay on big caps when big caps have a index that does this You don't want to trade big caps when these index is doing this All right, so that is a big sign for me of not trading This is the trend. Okay. So we are having over here in a plus And over here instead of what is range No trade So let's avoid big caps for now. Tell me bruce. Yeah, joseph. So what do you do? I mean like, um, You just keep stalking the market, but uh, are you you're just not I mean days like that you're not going to trade I'm not going to trade big caps, but I already took six positions on six different small caps understood So and even if I wouldn't have any kind of small cap, I would wait There's no problem to sit and do nothing No, how many times people go to work in an office and they do nothing all day While they're working for like a a boss right bruce That's funny. No, at least that's the italian mentality So you just have to be patient But again this morning for example Small caps it was at least all these last three four weeks. We have one setup after the other one It's crazy crazy crazy crazy some very big days So are there are there days like uh, you just come in and you just like, you know, I don't see much I'm just gonna call it a day No Because uh, even those days Often I see opportunities may be coming from an extension from a news Midday mid-morning, but of course if there's nothing to do I do nothing You know, it's not that this job you need to work every single day Otherwise the boss won't pay you maybe in one day you will make the paycheck of one single month Or of one year. So who cares if you trade every single day. All right adgi again Uh, the volume is super weak traders Uh, there's a reason over here. I would like that somebody tells me why this is holding over here Adgi why this is holding I will give you a high help over here Uh, let's do this So let's put adgi There's a reason over here Why is the eyes holding? Yes. Okay Exactly high institutional ownership now, uh, some uh Uh, some get 46 some give 60 that the important thing is that we have a high institutional ownership Anything above 30 35 percent is a high institutional ownership And you will see traders that when you have the science institutional ownership Stocks will tend to hold Okay Joseph I just a quick question on that. Um, is it institutional or insider? Institutional institutional we don't really care if you know the The ceo holds 80 percent of his crappy company We care more if the institutionals they hold a big chunk of his company because they have like more we say Uh power in the small caps than the ceo or the the company itself, you know talking about institutions So, uh, they will tend to hire this to hold this hire And uh Getting to our chart This is what adgi is doing today So volume is decreasing until we have the volume decreasing over here There's no possibility this will push to 640 650 So i'm controlling my short that for now i'm still with havers up here because I didn't have a re-ads But i'm looking to have re-ads over here. I'm looking for this So in contrast if this was a small cap that was pretty junky you would be shorting it Or you you'd be looking for a short maybe If uh, even now i'm looking for a short I'm just looking for a perfect timing to short it And to add to my position So what i'm looking at is a level over here or this six dollar level where we had the previous side I could have uh short over here multiple times this one this one. I simply didn't Basically because I was more on other stocks more than, you know, like not taking them And now I would like to see a little bit more push like say 585 six dollars to add to my short Also, we have the rct traders This is a stock that this morning exercised 2.8 million warrants. I believe at 550 Uh, it's curling up again volume over here is uh Yeah going almost to the 1 million So we're gonna shift one second into the rct Okay resistance over here is a five bucks. So this gray area, which is the pre-market high And over here, we can have a possible 515 short So watching The rct 515 short Want to see a little up off The resistance Bars are expensive personally. I don't have bars on this ADGI watching for 586 fake out Rolling blue up Did they clean that 575 traders, but they didn't clean the 580 by adgi And that Would have been a very good level to enter the 580 fake out. See it has not Once more sun over here We sense move Once more sun over here We sense move Let's check a snow This is a stock that has history of fading Yeah, like see Nothing Apple to the low traders Baba J lines, but still inside that previous day range BA J lines H1C I'm still looking for this one It's a multi-day play ISIG J lines over here on the watch as well MD back in range So we have over here tiller y mRNA was a poppin field the gate. So we have a tiller y That is actually pushing but didn't get to the J line. So still avoiding Heels pushing over here. So this could be interesting So let's watch traders at heels remember we have Small float 4 million So this is the news So we have no news. Sorry. No news on heels more like a pump Let's see if they have dilution cash no dilution They say around 3.75 million float Heels over here Remember the weekly levels we are looking for that 225 Yeah, 225 is the level that I'm watching then 250 All right So we have no dilution in four million float So we trade over here, uh, one third of the float more or less 220 we have a pretty 222 a pretty big resistance on heat map. So that could be good You see over here Yeah, see we can have that You see a ton of buyers right now tata like the majority of buyers over here approaching that 220 Actually, even before I get to this level and came up No levels too long would be the J lines, but the J lines right now are 190 And level to short is 225 to 50 But also we have to confirm that with all the flow So first seller over here 214 I'm not sure on this one Yeah, hopefully one feel like this traders Very slow volume this one And more sellers over here to the race. So they're going to probably dump over here on hills apple to the lows Put up this Joseph what what would you say your? Holding time is um For a position. I mean, I know it depends You know dramatically, um, but just in general if you maybe can answer that I would say between one and two hours I would say and and those would be mostly, um, even off of a j-line I got bounce off of a j-line. You'd still hold it. Yes. Yes, uh mostly This I was saying includes all the parents that I trade and average between one and two hours. Yes the Do you find that you maybe hold longer the You know pump and dump or you know gap and crap Longer because it just takes a lot longer for it to kind of trade back down Uh, I just show you an example This is a an apple shorting covering covering from 930 And still holding for possibly 175 uh I can show another example For example, this I showed it yesterday Over here and then I held the last two hours This I showed at the top. I held over here. I'm still holding so this is overnight This I showed at midday 12 o'clock and I held all day So around four hours And this I showed 11 30 and I held all day Uh for about let's say four hours and a half five hours So it really depends Uh, but I like to consider my average between one and two hours So you will see stocks that I trade in less four hours or stock that maybe I trade in less 30 minutes Makes sense Bruce. Yeah, it makes makes sense Uh for futures for futures. No, it's different. Uh, because If you look at this, all right, uh I'm not trading a day like this because there's actually no trend So for me Without a trend, I'm not looking to trade anything And I let uh mob here next to me trade for example. Yes So what we're looking Are days like this And then we can simply enter over here and write this Often I would be looking for nq or even ym, but uh, yes, I think is the favorite But like this day over here We have a trade we hear the last only about 30 minutes But then we have a trade over here in the curl that lasts all day long Okay, so I would say that um futures have a A shorter time frame and that could be around 15 to One hour 15 minutes to one hour so bounce over here in the market. You can see yes bouncing Apple bouncing from the pure support Okay, drct Starting to curl up again. Let's see if we are gonna have a long trade. So five buck resistance. Then we have 550 previous level was uh 540 550 over here So let's try to watch these traders There's a pre-market high pre-market eye over here. That's the previous eye 550 Is it going up? Yeah No, it's stuck with no previous high volume resistance areas The stock that could potentially push again to new highs and go to even six So right now what I'm watching I'm watching if you can hold a five and then dip Into 90 may or a j-line slog Plus heat map support. It's a stock that's rated 68 million volume and it's a small float Yeah, I actually missed this morning. This j-line is perfect over here for 50 So 515 520 resistance Believe we're gonna have a breakout on this one I see the pullback over here into the five So not a heat map over here If I saw a heat map 490 or 485 This could be a good setup for longing over here Of course, we missed the first one and the second dip, but It's now said now it's better because we're above the pre-market high Volume is there Let's see if we can have a long on this one Some former support the 490 decent support We're 90 we're down here. So let's see if this washes 507 instead It's picking up momentum $5 over here We have a small support 494 Below the five traders. So possible wash the 490 or 93 To their plane 93 94 Volume is there Volume is there. They still continue to hold this. I just want a little bit lower to buy Hopefully won't push now to new highs I want this 490 Reclaim the five There we are 490 dip Bought over here in the dip partial at 489 Risking the 486 487 So very tight risk. I want to see a fast wash and bounce And I bought on the dip Why previous support for 87 Why fast wash Same buyers on the tape over here now risking this 89 It's a risk in break even Let's see if we can push a little bit more 90 we need to see a support. So we're buying the dip over here Very tight risk 49 risk break even a little bit better 93 There we are five Not taking any profit. I want to see a break of that five over there Okay 501 502 Five support now looking for a 505 previous resistance It's only in parts over here on the ask So you see if I can get a feel now I'm risking break even So we have resisted 510 and 520. I want to take a little bit of profit 505 But now I canceled my exit And I'm going to look for this 510 for a little bit of profit over there So 490 is the maximum risk And you can see we're consolidating over here, right? We need to see a cure with high volume Because for now the ask is stacked there are 510 15 and 20 If you look at these traders seems a Flag pendant Yeah, that liquidity is really holding it down there But a point that it's midday And the floater dated over here multiple times We don't have any kind of back holders I believe that they Exercise everything on those warrants This could simply Push strong today Maybe go even 580 over 6 So I'm having very low risk which is break even And I'm looking for this pendant break out There we are Is getting even tighter right now Making consecutive inside bars really really getting tighter So careful over here on the move traders And you see that is See fast Breakdown just get into the Stop break even at 490 And now it's still holding over here. So again, we'll see if we're gonna have another support Looking to re-enter long again and then looking for more push All right, any questions for today? 11 30 over here No, no no questions. Uh, really really like it joseph Uh, uh, there's a break even scratch trade for you, but you're just your setup is is Extremely clean and clear This is what you're looking for and this is what you're risking Exactly So uh traders, thank you for uh the morning if you have questions reach out to me or bruce Thank you for booking them up for Having a great day together And see you everybody at the next time. Thank you very much traders and take care Thank you bruce. Thank you joseph. Bye. Bye