 Hello traders. Good morning. I hope you're all well. Welcome to the live advanced bookmap webinar today We're joined by Jay trader a professional trader that focuses on stocks This live session is part of our education here at bookmap. These are held every Wednesday at 10 a.m. Eastern time Usually Bruce hosts these but as he's away this week. I'll be covering Before we jump into the live analysis with Jay trader There's just a few things to take care of if you guys could bear with me for a moment First of all, we've got Jay traders contact information if you want to reach out to him You can find more on his website Jay trader co You can also connect with him on Twitter at Jay trader co and the disclosures here guys 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 moan and is strictly for educational purposes Live trading executed in simulation cannot accurately represent realistic trading performance 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 Okay over to you Joseph All right, so let me know Sam if you can see my monitor Yep one moments Okay, I see you You're good. All right, so Good morning, everybody Small caps is really on fire. So I will start from that today Despite the setups that we had on the main time and soon Netflix remember also today. We have Tesla earnings after hours so As I said small caps are running We have over here Some of the setups Some of the stocks small caps of today the RCT and we're gonna soon review this on book map We have SDIG both are day one place. So gappers of today. We have happy APLD is a day three We have over here also tblt. So this is a Recent gapper. Okay, we treated this a couple of times in the past days And we have also a few other I would say lower volume Gapper, so let's look at the RCT what we have today and what the stock is So let's put overview We have a micro float. So whenever traders we're trading a stock with a very low float And you can see over here five minutes are be very careful because you can have flow rotation and then this can be A good long a good move our good runner around 30 million volume trader right now We have a low institutional ownership We have no SSR Also, let's take one moment over here to see what they're doing full service programmatic advertising platforms focus on providing advertising technology We see over here. We can see the news. So basically they're saying about their Earnings over here. So we can read about this and Also want to double check if they have history of gap. So in the past they had two gap days for an average Extension of 35% so this is like so ready to extend from the gate Average I have daytime 11 16 when they close red when they close green So above the open green of course below the open red So 35% 36% average extension This is already an edge that tells us the stock like quick likes to extend. So let's view over here open 930 Let's calculate over here 35% so the average of here of extension would be around 340 Okay, this area over here. Okay, we can put a line We say that's the average of extension possible that we had in the past now this morning we open 930 and Gave right away a big push breaking this previous side 267 pushing over here to the first reasons that three and then to this 320 is a very high volume stock because Remember traders this gap around 929 25 at the gate We can see that it found support around 250s. You see over here. They try to sell But there was some absorption on these dips over here is 255 Pretty good, right? And then we had this consolidation between 255 and 270 Breakout another dip into a I would say some liquid it over here demand another dip over here Another push to the three dollars. So we had a lateral sideways area dipped again over here to the 280 and Then again break out and push the 320 Now it's basically doing this lateral. Okay, so we had low or high a Higher low a lower high a higher low. So it's doing a wedge or wedge or What we can see Descending triangle with this base And with this resistance trend line so the RCT right now if you look also the chart, so let's go back what I'm looking is only a Chorth into a daily reasons area and What is the main daily reasons area here? We have this level 364 and this level over here 335 so those are the two levels that I'm looking to short and I will be shorting only with the precise pattern so trendline break rejection and stuff in area and Seeing over here for example in book web use amount of sellers at the same time We can have a long so let's see if we can have a retracement Ideally into the zealots start to curl back up and then taking a long position For now you can see trader that is basically trapping both short and longs Over here. We had a fake washout Below 280 so this was a nice over here Bear trap so they trapped over here. Well, actually it's not only they're trapped shorts But and then they reclaim but they also over here triggered This level so the break on this level to trap over here also longs and make them stop out So you will see that when a stock is heavily highly manipulated And ideally we have a small float so a float that generally is below 10 million You're gonna experience often these patterns. So you will see for example fake breakdowns Often you will see fake breakouts And you will see the price always staying inside an area You have to wait Extremes to trade it and wait for those daily levels or if we're gonna take the zealots longs at these patterns over here as the IG is another small cap of this morning and As I said this morning that only over here a plus setup that we have is The one that has to happen why what do I mean by that? We have to wait for a perfect pattern to long on the J-Lines. We have to look for or a late a fade We have to look for a parabolic move. We have to look for the blow up of the stock The stock is trading 47 million. It's a first-day gapper. So like we've seen before This is no a plus set up to short right now, okay, so let's see some stats of sdig We have a 20 million float 46 percent institutional ownership this is a stock That is a sympathy of BTC, okay of Bitcoin. So it's a blockchain stock and Has no I would say Individual news, right? It's a sympathy. So because Bitcoin and overall market bounced And we can see over here for example Bitcoin going to that 24,000. All right We have at the same time all the market moving up. So getting to this I've seen some stuff this morning and The levels that we are watching were These but at the same time we saw buyers at this area So in the level 290s You can see down here where we really actually stopped, right our Down trend or unwind and up here you can see sellers 315 310 It's the level They were removed over here. Look at that. It's a lot of money. It's a lot of money Look those buyers and now it's trying to push up So daily level that I'm watching in this case is this 333 30 We have a daily resistance at this level and then more we're gonna look for ideally this 375 We could look if we have other levels on the four hours, for example But again, don't try to front-side short one of these Because it will simply what will simply kill you So those are the two other levels of resistance Over here. We have another one. So we can continue to watch this traders High volume. Look at those bars down here Morning for the G and everybody else also on YouTube still a lot of buyers on the stock a lot of buyers If we try to front-side short something like SDIG well remember yesterday Actually, not see do but a PLD this So this is a PLD yesterday And you can see that it ran stuff ran stuff Pearl over here this point over here was already after hours and it still ran over here to around 260 This morning. I had double plan on this one So I had or a short to those pre-market highs after hours highs around 260 270. I Said don't look for a short early than that And also we had a long set up over here for and on the over so two main setups this morning right now This is extending Again, until we don't have again a three or a fake out or the daily level. There's no a plus set up short This is on the one-minute chart So you can see the dip over here into the jail is this morning Started to curl in the main push We're gonna review also after Meta which we had a long set up this morning is giving another long setup right now We're gonna review the a plus setup on Amazon going to the first target right now when 21 and 60 No Tesla set up this morning. Remember. We have earnings today Netflix over here at earnings and Phil this morning now. It's bouncing back up from previous day close But I want to stay with some of these small cap runners Very interesting to trade right now if I'm looking at this chart. I see a lot of You can put also the Delta right? So I invite you traders to put the Delta because you'll see a lot of short strap in era 3 3 10 over here Right now what I'm using on my book map is the C O B So current order book and then also this is the current order book but I put over here the Aggregate and extend okay, so aggregate that's the reason why you see the sum of all this is the cumulative volume as We were saying Now is strong. Don't try to short S. D. I. G Let it go. Okay, let it go over here only look for longing these dips. I've got a question Jay trader on that note Mm-hmm You're talking about like strong trending days, which what we're in and yesterday on Bitcoin as well How do you identify these kind of strong days? Is it part of your morning routine to kind of look at what type of market we're in today? And how do you adjust your trading accordingly? You said no front-side shorting Yes, yes, so just to look over here what I did honestly this morning first of all I place my Morning routine over here. So basically really what I'm doing checking the news the scan the stats the charts and The preparation this morning was to have a double plan So a main scenario for long and short for yes, NVIDIA AMD meta Amazon and then when I see that one of the two plans is working I'm gonna focus on one or two or maximum three plays at the same time For example this morning had meta There was meta what I was looking for or calls or puts Amazon for causal puts We had this setup of meta We had this setup over here on Amazon and this setup for example AMD and There was no short setup. So of course, I'm gonna focus on calls 90 calls 185 calls 120 over here We're gonna discuss for example after meta and we're gonna see really The two parts over here that we had so the two main long plays This week. I'm not taking trades. I took a say a resting week because I'm mentoring few traders and Following close one-on-one. So no trades to share But if you look at meta this morning, I want to share Over here this this is the play that we had on meta We can zoom out right so we can see that We had a first main long pattern yesterday Second one today so trendline break and then a perfect pattern and timing confirmation over here of the setup with Book map how Can I show you? All right So the setup that we had over here this morning was exactly over here Looking too long and then in the second part over here and this I Didn't call because I was jumping over here on the book map webinar another trendline break and First pattern to long second pattern to long Same example we had over here over here. So nice Flag over here pendant flag We can see Breakout then reversal over here. So lost some steam over here consolidation to the dips and Over here buyers coming up again. So this was being fueled also. Let's check. Yes We can see over here holding the dips Around 1015 buyers came they say over here You can see that we had a reclaim of the weep and we weapon push and then move to upside Same thing for example on Amazon actually even batters price section. This was a perfect move over here from the gate We had over here the plan to long with calls 120. So we are looking at these calls over here This is the long bar the gate Main soak at the gate over here Right away a reversal. So that dip that you see over here is this unwind to the 118 and 20, 118 and 30 Then over here, they restablish a strand to the upside 118 and 80 to 119. That's the long area risking this dip and over here We can see that we push the upside Comes back over here 118 and 90 and then starts to uptrend pretty strong. Let's go back to a PLD This is now it's basing over here into a support. So we're gonna look for setups on a PLD as DiG the RCT made an Amazon already set up. So Just need to To hold it somebody's following the strategy the system But we have a support over here around 258 260, which is the previous resistance This morning we're here with the resistance now. This is support 260 So let's see if we can have a consolidation of this area and then ideally look into long. We said before the RCT has a Microfloat low institutional ownership Let's double check also We're the friends over here with the illusion tracker the RCT. So Microfloat very small amount of cash Warns the reason IP of 550. So only at higher prices Fine actually to bounce over here without any long consolidation. So only a washout dip to the 260 More buying pressure over here. You can see Dots are starting to push Let's filter let's filter this at 1000 so we're filtering the Times and sales to see executions over here orders filled only above 1000 shares You have a bull flag over here. Let's see if volume comes in So go what 276 and then next target over here into the 285 290 Potential long setup traders if we start curling over here and we're gonna break this 274 275 We're gonna see if they're gonna put more volume still early We need to see a break of This level over here this 275. So the longer the consolidation now the better go back to SDIG Doing the same thing. So dip over here into the J lines Remember yesterday all day long. We had the same exact pattern on a PLD On situ and it worked Extremely good. So let's see if you can have some consolidation On the support three $3 We have consolidation if you start seeing over here This is an amount of support also in the liquidity on book map. We can start taking the long Still not time over here to get long because we didn't consolidate enough Need a long pattern longer pattern over here to take a long another dip on a PLD that was bought back up Not looking to short beta not looking to short Amazon Stay with a trend. So Look what yes is doing But this is what I'm this mate over here. This setup is what I'm looking for example on a PLD For now, we have no sign for this setup to form What we saw mate over here was a fake breakdown. So a fake washout and then pushed it upside now a stuff Also over here to this area 179 and 60 they plus that up this morning. We had it in the first hour This 950 Same for Amazon Good strong momentum over here to this on Amazon gives a beautiful pattern so trend break dip into the Support previous resistance and then main pushed upside of here. So really strong breakout This is a fantastic pattern here a long set up over here at 309 310 on SDIG This is a long pattern First level of resistance over here at 318 Good momentum trader still on SDIG. You can see it's still not a backside of the move still up trending Lower volume for now versus 30 minutes ago Also long pattern traders on WKHS You can see blue dots is how I set over here my my buy. So this is like bitters over here They're trying to push this up to the pre-market high You can see over here again the buyers. So nice setups for long Now, let's see if they're gonna break the 364 Volume is still there. So decent amount of volume Let's see the stat on WKHS So we had 13 gaps in the past eight close below the open average high of daytime 1010 We're talking about the technology company 157 157 million float high percent of short float Or short interest you can see this call in both ways almost 30 percent Institutional 31 percent over here you can see news, okay Commitment from USPS think they had already a Similar news over here in the past It's like the daily levels. We have a fib level over here at 375 and more resistant definitely into this four area So the next level is 375 and then $4 area or this pre-market high Jalan curl push Stop being into this level So over here, they stole the ball and you can see right now They were bidding bidding bidding. We got over here to the 356 357 Lacking momentum. So there's a stall in the momentum and no bidders of it anymore So once we see no bidders start looking at the support because if we start seeing over here some sellers that can drop So start looking at this 353 354 area again, no buyers over here. So careful because this could wash instantly So I've long over here on this position below 353 354 this could easily wash So they're trying over here to soak you can see 36,000 This level over here 356 sdig watching over here possible unwind nice Resistance in the 323 remember before we said we had a long setup over here first target 317 318 Now they stole over here 320. So possible unwind again till the three ten And there we are sellers in so possible one to this trees are eight now three ten It's not a setup just explaining case took the long knowing the system that we trade over here. So buying the dips You're selling parts of to this pop over here We were looking right now at WKH as Remember what we said fail of that 53 54 No more main support this could unwind So still pushing still strong. Don't fight the trend. Let it go Often see traders that only because we have the main liquidity above their shorty Doesn't mean anything mean you could be long over here and you want to short or you want to sell and You're gonna put an order out for example 123 Look this pushing the high liquidity area so you can see 123. They're attacking over here Let's filter this minimum size Thousand shares You want to see only some blocks passing by 97 99 great trend this morning on Amazon really great trend and break out over here Remember what we said before We have the resistance breakout. This is a nice cup pattern we have a gym slim over here, so At just the top could be just below or just above a gym slim So narrow thigh consolidation and then break and strong move over here. Let's go back traders on APLD remember day three Long consolidation came Another breakout over here slowly pushing with lower volume What we said we're gonna look for a long ideally or a parabolic move Or a main daily level so main daily level over here. We have a resistance around 330 330 335 The second option for sure could be pushing to $3 Seeing sellers over here at three Using that heat map for a lower risk entry even sizing over here with having Two or three cents risk and then looking for a possible unwind Volume so they're gonna probably look for that two nine and then three dollars 25 you can see over here buyers coming in again 285 286 287 remember what we said before We're looking for this Consolidation the longer the better the longer the better over here WKS Hs becoming interesting over here in the stuffing so This level over here Is becoming a good short exactly over here at 355 354 in this case we have a stock below the pre-market high So the levels that I looking to attack would be this 356 357 355 or 365 over here each one would have a type stop so Level of stop and then if short over here five cents above no main big players for now So no main big buyers. It's 11 o'clock. So Lowering the size at this time not anymore an A plus setup and tight risk Meanwhile as the IG Washouts long set up again So again wear traders to the J-lice just like before Okay, just like before washout and then they're starting to push one of the setup that I see the most in this market small consolidation on these supports and then pushing Mate over here still holding strong from early morning One setup second setup over here Amazon waiting 121 and 50s for a possible long entry WK it's as over here We still have that resistance 360. So as I said before this area here 357 356 It's a low risk area to enter risking that 360 again lower size volume is minimal 25k So it's just grinding until we won't have a blow up when it blows up could be 365 for higher Then on that fake out you want to add big size Always small starter before now it's pushing Again volume is low Some burst over here in volume right now Let's say the pre-market high, but you know daily charge we have resistance 375 and then at 4 Also pre-market high resistance over here 365 So often one of the setups they will do will be This if this doesn't happen then let's look for 375 APLD still continue to hold over here the 90 may Watching for this micro support If we fail over here 284 this could wash again to the J lines A plus setup this time. No, absolutely not Depend to this 283 And wash over here to 279 But you can see the structure is still over here holding now breaking the trend line 279 New low 278 277 Meanwhile another push on SDIG again only look for those daily levels or parabolic move or by the dips For example today yesterday buying the dips work much better strong volume over here on SDIG New support traders you can see 336. So they're trying over here to push it more Before we're looking for daily levels and again Next one is 360 then 380. So simply staying comfortable over here Unless you're a long no a plus setup Remove this liquidity around 335 So and then they're bringing this up back again So they're trying again to push about this 340. There's a really strong structure Those dig as the IG small cap long from the J lines Pattern over here remember we're looking the five minutes work pretty good in two situations APLD Again J lands over here and pushed upside WKHS Came from the J lands over here pushed again long setup push to the premarket I some rejection Amazon back over here to the dinner. So watching right now for a possible Long over here first long setup into this liquidity area 151 and 50 Watch out long. You see we can have another curl. I'm trying to consolidate over here around the 1 2190 Fellow came in and now we're at the 121 and 60 So still with the same plan over here to look for a possible consolidation and then really look for a long I'm watching. Yes. Yes, right now. It's not really bouncing Is it 3967? watching right now this Level over here often they will trigger These stuffs and then I'm winding. So let's look for Pass the move over here above 340 and then reversal That would be the only setup to trade over here Otherwise, we're still long from that here. It's trying to prop you see the 334 support. So they're holding over here Yes, big dump. So Waiting on meta and waiting on Amazon over here look over here to the trying to prop it again Let's look for this previous side 340s. I have a question here from a rash. Sure I wants to know what are the moving averages. I think it's referring to your J lines there Yeah, so these are proprietary indicators J lines and You can see in some of the videos that I use How use for example the first on of course the entire system and strategies explained Only in the room but this is Coded from expansion number Fibonacci. This is just a 7289. So it comes from the Code Fibonacci and then over here, of course, these J lines together with the setup have a very I will rate and Or say they make part of the system that I trade right now the system I've been trading for The past 20 or almost 22 years and explain the last podcast with Casey Stubb Mostly on big caps futures and now in the last six years also on small caps like the stocks like SDAG right now So let's look over here 340 push Let's see if they have the pull down over here. So you're still trying to hold the 337 They're actually pretty strong over here You can see buyers now look this this level of here 336 Because this will be the end of that possibly you see push up and So that 336 is the main level over here which divide again a reclaim to the upside or a Fill over here to ideally the jail is at 320 until we are below This is with a target around 320 322 But what we are saying before traders often what they will do they will try to have these push Often you will see a blow up of volume which we don't have over here okay, and Often these will be much faster in the dump over here. We have somebody that's basically holding Every single dip so they have over here an agenda other questions Sam's There's no more questions for the moment Okay I mean I've got a question again It's kind of related to what I said earlier like these trending markets I I personally always actually struggle with it a strong trending day because you obviously you don't want to short it But you don't want to buy the top either So you I think you what what you how do you kind of play them you just patient and wait for your setup wait for a pullback Yes, so for example, this is an hourly chart on yes We have our main break over here of this if you look over here, we have a main over here We say channel or wedge, but we're breaking essentially in this morning This was the pre-market support So we don't go really break it. We're starting to push and what happens over here We're having this trendline break. Okay, so up trendline break over here. We can see in the wash list What I was looking at I was looking to short if I had FFT or a Jalen curl up long, which is actually what we had Looking at the shorter time frame We can see the trendline break this morning So over here we have 930 we start rejecting it and then over here we start seeing like a curl curl perfect and Then push to the upside so it's barb here. This is the first bar of the break also pretty strong around 1020 Second bar hard low hard low hard low now what we'll do we'll wait for a possible pullback and Then seen a consolidation if we can see a consolidation pulled to the upside The same thing happened on yesterday So yesterday we had our trendline break Over here was dip around 830 then dip it open to buy Buy buy buy so for example all of these levels over here that you see there is we had Levels to buy and that's the strong up trend. So I'm not really buying over here breakouts I want to see buying over here, but I will wait for those dips in this case This level this level this level so you can see how perfect the jailings work over here And I'm looking to enter in the direction of the main trend. Yes Yeah sense. I'm yeah, no, that's that's great. Thank you and Co-op in chat he agrees. He also kind of struggles with strong Trending days. It's it's it's strange like you it's counter-intuitive. You would think a Trending day would be easier to trade But I think because it's maybe rarer. It doesn't happen so often like a strong trending Day we have like less practice with it You're not used to it and you you keep trying to well I sometimes just spend a whole day shorting and then look back on the day and it's just trended upwards And I was thinking what was I doing all day? I should have just gone long and let it run But it's it's faster, you know, they say it comes down like Twice faster than how it goes up. Yeah, actually So true. I mean, I like to short in the last Five six months. We had mostly shorts even on the big caps Some of the best setups I took were Tesla shorts or Tesla puts last week I took four times Tesla four times forum for wins was and This week still I didn't take a short setup on Tesla And I'm still waiting today. We're gonna have earnings for example So I'm waiting no trade for me this week as I said But of course if we will have some setup would be tomorrow or today after the earnings What I like about the trading days is always the pullback. So being there we trade a short or a long Never enter in the breakdown or breakup because often they can be fake outs. So for example, like we're seeing before on on Amazon We're waiting for that breakout, but of course, we don't want to enter on the break over here We want to enter after on a pullback so Looking at this day over here when we open 930 and then looking to buy those dips from a Precise system the point is if you have a precise system, you can also buy very good over here on the dips They've come in over here. You can see that I was getting form and dips came over here this morning and Then setup came in. All right 1137. I think we're pretty done for the day What do you think? Okay, yeah, sure All right, so Again, thank you everybody for being over here Give us a thumbs up. This is from book map from me J traders So we're doing this every week and tomorrow be another guest. I think thought Apple city, right Scott Yep, Scott's actually away tomorrow, but and I think Bruce is away all week So we'll be back again with Joseph and next Wednesday, I believe Okay, okay, so thank you very much waiters for being over here with us today. Thank you Sam. Great host See you again next week. Take care. It's out if you have question. Bye. Bye. Thank you Joseph and thank you guys See you next week