 Hello traders So another episode of here with book map Today we're gonna look at trades on high volatility days So let's wait a few minutes over here to start read the disclaimer Today Bruce is not gonna be with us So we're gonna go on THMO Tesla Also, we had this morning FRC, so I will share a few things over here Good morning everybody Gonna start in two minutes Two minutes to start Morning everybody Okay, let's start traders. So first of all, good morning again. We're gonna start with THMO Small cap so finally one of the small caps that is getting back over here This is a small cap really small two million We have a micro float or in this case, I could say better I don't know float, right? So we have less than one million float We have an institutional over here of 1.90 Inside their ownership is not that important for me and essentially I want to look at the financials. They're pretty bad and It's a company that doesn't have previous stats So we don't have previous stats how many times it faded how many times it ran Over here essentially this morning We are looking for a trade short and why Because a lot of these small caps there are pumping could be on the news could be on on an upgrade Could be on something about the filings, right? Let's say there there is in capital Or anything else. So they're gonna take a Reason over here to push trying to collect more money and possibly to raise capital Now THMO that is some research on this this morning. I'm gonna explain a few things over here so This money we are looking at a small cap small flow no cash high dilution and we had two plans first plan was to look for a short so that was my a plus at a plan and They are to look was around 525 540 or if we would have had bear trap an eyeball and I'm looking for a long so The the point for me over here and I can share basically what what we did So give me a second. I don't want to say too much about the news over here why this was up It's not important The news in this moment won't really help you much determine if this is gonna be a Runner a fader, but over here. I want to just share this one second. Okay, so this over here is the discord I screen share my my trades and My my my monitors when I trade but also have a room where I write the entries. I Said a nine. This is a 955. Okay. This is my talent time. Yes I live over here in Italy. So 955 I Said to look for a 525 540. I'll be shorting more if we have this extension and why this okay So remember here 955. Okay. Let's pass to a one-minute chart. So let's see where we are in 55. Okay This is a one-minute chart. You can see this morning price action. We came over here. This was a 30 9 o'clock a 53 9 o'clock. We had this major extension Now recognize few things over here. First of all The process okay, it's very important the process was looking this 540 Was looking at 550 was looking this life. So different levels over here, but mostly technical levels Not really levels where we had a liquidity. So when I see this level I trace a line Then we have another level over here and Then we have another level over here and we can continue right because all these levels are without high volume so essentially You can see down here. The volume is very very slow very very low very very low So it's a technical resistance more than a high volume resistance and then I like to use book map over here to Help me determine that day What are those main levels of high liquidity? Okay So you can see over here that while the price was going up We had this major liquid over here 545 50. So 545 50 is this level over here we have the Book map over here that is helping us. Okay To see that it's an important level and from that point we start fading but I personally Like to load my positions After the gate where we have more volume, you can see over here the difference in volume, right? So we have an average over here in pre-market around 100 120k after the open at least for the first 50 minutes We have an average about three times more So here we are remember what I said 955. Okay, so I can put back over here and I said 955 THMO 525 short Right So where is 955? This is 955 at this point over here. So this point over here essentially And I'm going to share what happened with book map over here 955 This is 955. I said look for a trade at 540 or 525 you can see over here 955 Explain exactly that point that entry So what does it mean knowing exactly what you're going to trade? You know exactly your levels Okay This is what we had at 955 was exactly this point over here. Okay, this was 955 so we're here. Let's make it smaller We're here in 955 We can write alerted for a possible push to short With 525 or 540 Okay Now anybody has a clue why I said that Of course, if you're in my room, you know that but anybody has a clue Charlie Sheldonville then Okay, I see over here some answers Okay, so we had a confluence. This is a very important matter. We had a confluence over here of levels that Were given from the daily levels from into the levels and also from how to read over here book map So at this point you can see that I'm gonna zoom in over here. This is when I alerted 955 over here as I learned for a possible push to short with 525 Or 540 you can see over here the push to the 525 So reading the price section It's not something that you learn after one month of trading takes a lot a lot of years to become Expert in what you're looking for we serious. We start seeing over here the first break out If you put your level You can put this over here because we can see over here the first breakout of Trendline and we see the use amount of volume You can see over here. This is a breakout of our trend line use amount of volume right and You can see that we're start breaking the 430 Getting to this first resistance over here around 450 this peak and This peak is exactly this point then we curl back down. You know here. We start holding this. So this is the major Pullback that we have in this breakout and then we start buying over here I mean they start buying so traders over here to start buying buying buying of course at these levels over here So we can make these with another color at these levels over here. You will see over here big ends Okay, so they're like buying these dips and up here. So we're gonna put ever this gonna be smart money or Big ends you can use whatever you want And instead at this point over here You will see unfortunately Breakout traders Okay, so We can put over here like this breakout chasers Okay, traders. So retailers Okay retailers white chairs. Yeah, they're not something like to really give anybody But it's something to tell you that they chase over here the move. Okay, so the move comes they chase it 950 80 of this push and You can see so over here the pattern you're gonna Screenshot this over here one second we can put over here a few more things It's very important over here to read the price section. So alerted of Push to short 525 540 over here we have 525 And over here we have 540 Okay, so what is this is an extension play? All right extension play You can write this down Extension play then we'll go to Tesla and we're gonna share of FRC and we took 10 points on FRC this morning extension play extension play, okay So remember That when we something like this is an extension place an extension. This is a big spike and extends into level of liquidity Where you see those level of liquidity I start seeing over here on Bookmap. Okay, any question this traders was a clear if you go in in stock day trader, you can see the execution that we don't if you have access over here to To the book map or to the to the small capital Let's put a screenshot So that we can understand better And we also Gonna share back again this As I said Over here this we can bring it down 955 okay, so that time is 955 so Four minutes before the push now. What else this morning happened for now? The THMO target will be three Okay, TP is gonna be three. So we're gonna stay with that. I Don't really care too much today of adding over here to stay in short with this easy fader and We're gonna look for a possible Three to three twenty. Okay this area here. Let's start looking Where we had the previous resistance it wasn't here 540, but at the same time I have to look where I had the pure support Okay, so we're the the price over here Dip and this is a good three dollar level. You can see over here, right? Let's put a five minutes or so. You'll see much better Also, let's use Book them over here There we are. So I'm looking for this level over here As my main target Now we have over here some high liquid around 350 then over here 320s So I think we can get this 320s 310s. What do you think guys? Could be a good spot over here, right? Anybody holding short? This was a good call over here. Okay, let's see if somebody else So I think this is gonna be our main target. Now. Let's look something else You have Tesla this morning so Again, I show the chart over here both on book map and also on In the room, of course in the room, I went over the explanation and Life trade on this And I can see that Tesla is one of the best stocks to trade. I mean a lot of my Trading buddies over here. They're trading Tesla One of the most volatile and liquid stocks to trade So I believe traders we're gonna have Okay, a Big trade today on this if we're gonna break this range Few things over here to say so let's make our plan This is where the week starts again see over here. This is the 13th. Okay, exactly where I'm pointing out. This is a 13th So I've been putting over here the high This is that 13 high. Sorry. This is the 15 over here the early pre-market high actually part done. This is done in time So we are over here at 415. So this is your High of the week This is the ha resist of the previous week Then I will put over here. And this is already done on the brokers that I use We're gonna put this level over here Okay, so we have the slow we have a solid low and Then of course, I'm gonna put over here the low of the week We have more resist supports, right? But I'm putting just the main one over here making the stand that we are in this range today Okay, this was the top In early pre-market Now you can see over here traders that we are basically sideways and when we're sideways, I don't really like to trade We have this range over here Okay, so what I'm looking I'm gonna explain I'm looking at all for a possible push over here to this 182 and Looking for a short enough fake out using book map. You can see high liquid area And essentially, this is what I'm going to do. Okay, so Or I'm looking for these levels over here In case we're gonna have a fake breakdown and push Also, we have this main level of here when any 4 in 60s when it 4050s and this 173 These are two most important levels of the We say of the day. Okay, if you get get those levels over there. So anybody traded Tesla this morning, okay? So an example of it here of this from the team. So an example of institution this morning what we had We're looking over here for a short reason to cover Short again covers shorting covers and why this so we're gonna review this together with book map Okay, just let me know if you also traded Tesla at the moment. I'm gonna drink something. All right back here. So Okay, so here you see like some traders traded Vin Also here Mike Greg and then over here Lambo and Bishom. Okay, some traders traded Tesla today Now in a range I'm first of all finding the levels where I want to trade and I Can share over here the plan that I made in pre-market So you can understand then the levels and how why I want to trade over there Okay, why we want to trade over here. So we're here. I said a few things Let's reduce this Tesla or we're looking for an overhounder. So essentially a short or we will be looking for 178 and 75 Bear trap long or for 177 and 25 bear trap along Now if you look at Tesla over here, we're gonna put a one-minute chart. You understand better with these levels So this traders was Not After the open after the things happened. This was at 917. So 30 minutes before the open correct And let's look over here. So I said over under so I said to look for a short in case we have a breakdown Or This was to out so it didn't happen or a 178 and 75 178 50 bear trap. Okay, so Essentially a cell stop and reverse fft. So reverse long Now let's look at the levels So I put this level here of remark. You can see 178 and 85 on book map I had this level down here. So this was the level 179. Okay, and this was the level 179 and This was the alert So let's put over here a few things We're here we have a pre-market support once a v9 Of high liquidity. Okay, is it clear guys or gals? This is essentially finding the main structure over here on Tesla, which yes, it was a big Run-up today in pre-market was a main fail following. Yes Being sideways action so you can see that the trend is sideways If we have over here our lows are highs There's going to be a bullish or highs or lows going to be bearish in this case. We have same high same lows or Lower highs are lows. So contraction of the volume contraction of the pattern and 917 we're here 917 before open made a plan with levels to trade and I said look for one 78 and 75 on On what I said over here bear trap Now I'm gonna explain you how to look for those bear traps ever verse FFT means long. Okay, so you know it So I think the plan worked Right. I don't think the plan was Was wrong this reason why was a good day and Now let's find what level we had over here. What level we had? So this is open 935 This is the dip red 936 The dip touched over here once in a 75. Maybe I can be wrong for a few cents It went once in a 74. So I was one cent wrong in this trade You can see the major fail Okay, so we're here a major fail one two three four Four big support the 179 broke V pattern over here that I have been explaining in all these sessions Right away the stock over here The price start bouncing back up So reason too long came from the plan previous I main target okay, and This is essentially just following with the plan Okay, just falling over here the plan So using the level We're here. We can say this So this is target this over here is Alerted of this level Too long 178 in 75 again Charts and everything shared in the room. So you can see over here. This is Tesla traders So I'm not saying things, you know, half of the open like everybody does but I'm saying things explaining things before they come and Explaining what I'm looking to what I'm going to look for. Okay. So this is the we'll say the process of A precise trading strategy. All right. So now essentially we're sideways. Okay, you can see that We're not making you our highs. We're not making you our low no lower high. Sorry We're not making our lows making not making lower high. So we have a contraction Price action is in this range Essentially, we're doing this. I don't see an evolution over here. So I'm just sitting sideways Waiting for the pattern. Okay Hmm some of the the traders this morning a Is that shorted looking to see a short the same way you could go long That's correct process looking for those levels that we had traced over here And then through book map You see how the price action reacts to those levels. I Receive a here a message from my traders asked me why you don't have the dots bigger It's true. Sometimes I have them bigger. It really depends. So we can do this one second and I can share my My My parameters So one of the The problem that I like over here to modify modify, sorry is this okay, so sometimes you will see me Using this and I often will put for example 5000 because I want to see only the biggest levels on the chart So if I look over here at the chart, it filters everything that is not at least 5000 shares as a heat map Okay, you can also filter over here. This is exact size, but I don't really care about this. No, you can fill this one Over here is the minimum. So I mean when you want to see 5000 shares, okay Let's put it back again 5000 okay, so when I open the chart in the morning and We can essentially what we can do We can simply look at the main levels daily and that's fine But also take a look at the main levels they have a book map So sometimes if you will put something like this You know, you think okay, what are the main levels over here? I don't understand anything. You'll tell me like Jay I'm freaking out and I say use this. This is at least what I do Okay, and what I can see right away I see a main level and this you can see it from you know over here 940 reduce this level You see this 179 is pretty big, right? You can also zoom out of here put a little of This amount You'll see once immediate a big level as well. You can see over here level 180. You can see a more level here 179 and then of course If you zoom in You'll see this but those are the main levels on the chart And now look at those main levels how they react good. So look the difference This Yes, you'll see the red levels so you can see okay, those are important levels But then you can see so many and sometimes you're looking at like me six seven stocks or two fuselage well together And I need something fast No confusion very simple and I do this I have a main level over here. I Mean level of here. I mean level here. I mean level here. Now. We're unwinding. Yes Just look how it bounced from those main levels over there. Okay? So this morning When we had over here and was like this, okay? We had a 179 This is what you see So you see that it's fading Price is coming down and this is the main level that I'm watching 179 Major fake breakdown bear trap Breaks over here and goes up higher Look for the timing over here this bird trap. So we have over here the first point the second point The third point and the fourth point and the fifth point And now I'll explain you what you have to do There are different types of breakdowns so This is the time that we have a trend line We're the higher lows over here. We have a Breakdown, so we're gonna call it like this point one Lower low That's it. We're low. So at this point, you don't know yet. There's gonna be a fake breakdown But over here We have a higher I would say higher low Plus trend break This is the the hard low. Okay this point then over here you have a Breakout so we're gonna put BO breakout And then over here is confirmation is a clear treaters if you have questions just reached out No, Ben. We share also the chart in the room And we were short into the 525s on thmo before You have traders any question about this? There's an example of the team Short in there adding first covers and then we're looking for the threes. Okay, so we're here Okay, so for the majority of here. This is pretty clear Okay, we have a question over here from Trader so Phoenix hi Jay During your book my video could you discuss? When book map and other brokers do not match up I think book map is correct. The less spike on the mode asset is going 520 programs for 42 is a time Okay, it really depends over here from the data. Okay, so just know that What do you see over here? for example thmo You always have to remember that using the X feed you don't have access to Arca So if you have let's say with your broker full access to all the routes You'll see a little bit more or say Prince, okay, so Phil's that I have you here only Book map to yourselves There is a omni feed that gives also Arca But the point is you cannot have the same time simultaneously on the same chart. Okay Omni feed or the X feed you have to have two separate THMO charts open so one you will have like let's say eat ejection all that and One you will have Arca Now I'm not sure over here to say who's better or not Basically, I use over here DX feed Okay, I always use this Since 2016 2017 DX feed has been going good So I don't see the way the need that I would need to change if in the future will be an integration that on the same chart You will see omni feed in the X feed. Okay, let's go for that Okay, but I'm not pointing out which one is better. I tell you what I'm using. Okay, so just being honest with you The thing is that sometimes on the spikes You won't see those Prints over here both five because this went above five. Okay. Sometimes you won't see them You see over here that Is essentially peaks over here. So you don't see them. You have to zoom in you see over here If you zoom in You have it that answer your question, buddy So we had essentially over here that print which is at 5 20 520 hopefully this is a trader one of my buddies that's shorter over there Okay, so this is TSMO The 520 Fill okay, let me know if this is clear. Okay? Okay, any other question traders? All right, so let's continue over here to look at TSMO So we had a major dip into the 360s some liquid below the target over here remains three three twenty We have a user liquid over here three fifteen then more three twenty, but I was looking as we said at the daily chart Into the HR on the HMO over here in our micro flow small cap high dilution Bed over here financials we were looking at this point over here if we can cover here So for who just came this is the level we alerted 525 and we alerted when the pride was over here, okay? Let's see over here Marco He's Italian like me Sorry to learn to know here something on coin. Let's see. All right, let's make a little bit of Recap over here on coin. Let's bring this to an early charge Okay, so let's analyze the price action over here So we start heading start having over here from the 13 a bounce play and there's a lot of Sideways action right now Okay, so what I see right now. I'm just looking at the hourly chart I see a main point of support And this year we can spot over here a major level of resistance over here And then of course we have more levels One on here one here one here one here one here, but for now we are sideways over here. This is not a break out Yes, I would personally be waiting the break over here with this 70 and Or a rejection of 70 and fail or a break of 70 Consolidation and push through this 87. Okay, so what I've been looking over here is more for a Breakout as I said of 70 or rejection 70. I want to be trading that Right now So traders is asking me And I'm reading right now. I think it's important over here to answer traders about their trade On TSMO this morning. We were looking for an April setup. Okay. I said this morning high fortunes for a feeder Now the traders asked me Jay this morning had located pretty expensive Should I have located them what is expensive for you anything above 0.2 0.3 is very expensive? So until 0.2 0.3. I would Yeah, I would essentially borrow them You know, you're gonna pay that 23% fees. So it's not when you pay like, you know the same as 0.0 25 You're gonna pay a little bit more. So it really depends over here if you are looking to To pay this and for you is fine I mean for me personally That is a good amount, but you know, it really is personal. Okay, so Depends over here. We're looking for okay. Let's go back over here Staying with a five-minute chart So we had a breakdown of this one 79 You can see again over here the breakdown of liquidity reclaim of the liquidity dipped over here and now pushing back up Again, we have proved that we are not in a trend on On Tesla Let's see over here an execution Using book map. This is not my My my chart is not my my screen or my trade Let's sort just review over here. What a Trader is sharing us so that we can understand more. All right. So we were talking about coin Okay, so we can see coin over here And at 1040 exactly where the first arrow we had a fail breakdown Level of 64 64 10 believe 64 Lower highs lower lows Support over here 63. So basically from one level to another one and then trail over here in the money Let's look also over here because you're pointing out what he saw on book map. I think this is pretty useful Over here we can see The breakdown so to try to look for the breaking over here 66 or rejection this case lower high lower lows So you gotta end over here in the breaking of 65 This is also a good color over here that he has. I like these this color Rejection again of 65 coming back to the first over here is first liquidity area Is a 64 support then 63? So it took profit over here over there. So say we're all good trade Simple trade good trade, but we're done. Okay. Let's go back over here again over here 178 break down and push So we add over here Wash this 177 178 It's pushing back up So back in the range and you can see now the break over here also in book map So we're forming higher lower higher highs bouncing from this trend line break and essentially from here first target here 50% range High of the range No direction for now. So that's why I'm avoiding Tesla not trading not trade over here Sideways, let's wait if you have any question traders, please Reach out I mean, I like to have a little bit of conversation over here with traders and as well I can see the Yes, this morning is sideways 370 and 3910 So no no actual range. Let's wait So B9 is asking How do you get your heat map to look like that? All right, so let's Let's go back over here two seconds so for me one of the main point that Not to you buddy, but a lot of traders have difficulty on is that They look at too many things on book map too many levels and that sometimes can be confusing Also It's personal you can have dots you can have not dots you can have like candlesticks I'm training different traders with With book map not everybody first I put a strategy and booking is a good resource for it for the trades But it definitely gives you a Very good edge and you can see over here the things I have access to I have the NBBO For futures have more I have the icebergs and everything the support which is very good I have the VWAP the volume bars, but I like to put this off. I don't really use this over here Sometimes I will put a candlesticks bars Generally to the one minute and I have buy sale orders So I go over here configure add-ons and I can put more over here. I can put the DOM So I use the DOM here for For future example, I can have the liquidity of these all for futures And then over here if you go next to a site configuration I Put a filter on heat map. Okay, so this is the normal heat map has you what happens and I mean It's good because it shows you where all the players big and small players of place, right? But we have like what dozens and dozens over here of levels and sometimes it's a little bit too much imagine that you have four charts Generally have Tesla made Amazon and Google or NVIDIA depends Once I need to have Netflix and Apple And I see something like this Wow and I see okay now which one is the most reliable one, you know Where we'll bounce from where we reject from what I have to consider here and that's why traders have hard time to You know to find their their hedge so for every single stock you have to use a different metric and using a five thousand over here on on Tesla is pretty good or If you want to see a little bit more you will put a three thousand But you can see that now our levels are really really few. Okay, so I like to put five thousand generally and it shows me only The levels where I see five thousand minimum over here off liquidity Okay You can start I believe Looking at this, you know, you can try to filter what you prefer Already you can see three thousand it fills a lot of levels still shows you over here these tops at 182 where we had the rejection of today and It shows you over here the level 180 where we bounce from okay This would goes up over here almost one point and then over here we bounce from the 179 and 50 goes up 80 cents And then over here we bounce 179 goes up over here 30 cents And then look over here we go to the 178 and it goes up over here like one buck and a half so It's not bad to filter out bounce bounce Small bounce bounce over here, so you can see every single time and bounces Okay, of course that with pattern with the strategy it gives you a very good insight. All right You're welcome. So let's hear the question you go right over here on this cord in the room I see some chairs DM and me, okay So once you're over here is asking why I do not put over here candlesticks. I believe is saying over here on On book map I Mean if I would be trading from Book map alone using this as a main tool. Yeah, could be It could be the thing I look for, you know, I just go over here I put my candlestick bars and then I go over here and I check candlesticks and I Can put into over one minute. I can put over here five minute bars and Then each bar going to be a five minute. Okay They're not bad. I mean, it's it's a good tool. I just prefer over here to have like dots And I'm not really just saying in having even these dots so big I just need to see how it reacts at certain levels. That's the main point for me Okay, so I have those levels. I see how we're at those levels and then I take the trade Okay, so let's see over here a couple of trades So over here we have an extension. This is a Otyl Y Top lower high covers this from a mentor students that I'm And I'm coaching so a very good job over here and then over here Let's look also something that it's a little bit early. So we'll see also servers. It's important So the point is waiting the stock that has those Those levels of resistance remember we're looking over here this morning at one was around 460 460 Sorry, sorry, and one was around 525 remember we spoke about this before so this is a Go trade short, but a little bit too much over here. This is anticipation a bit anticipation and this is correct So we wait that we find a top and then once we we have the side was action Okay, we want to short over here and then The push over here that you don't see in this case With this broker, but we had a push over here 535 For the rest over here good management good trade A trader is asking me how to have the perfect discipline. I was with practice and Repeating yourself rules over rules over rules. Okay, so do that often Looking at your trades tracking your trades understanding what it's really paying you off and Also understanding where you have losses All right, so we are the last five minutes over here Remember common error this okay common error Okay, let's go back over here to Tesla So holding this range. We're gonna look For a few more minutes So the here traders I gave an explanation of the the trade on TSMO and I'm gonna post over here in Right now just waiting traders. So let's see if we have a few more questions All right, so we got over here to 1115. I think we cover some good stuff coin THMO Tesla how to Know which levels to trade If you have any more questions, just to reach out remember we're here we're doing in In some area Italy open a trading Academy where I receive traders to work with me trade with me live I will have for example a trader here from California this Friday to traders from Rebritten next week and we're organizing for the end of June a five-day trading experience over here in San Marino So if you need help reach out and work together Thank you very much traders. See you again next week and good luck