 Hello traders. I hope you're all well. I'm doing good this morning Welcome to the live advanced book map webinar Today we're joined by Joseph a professional stocks trader Think you've just joined now. Hello Joseph. How are you? You hear me Joseph Well, well Joseph is getting set up there. I'll carry on with the intro So this live session is part of our education here at book map These webinars with Jay trader are held every Wednesday at 10 a.m. Eastern Time Your usual host Bruce is away today, so I'll be helping out Please feel free to write your questions in either the YouTube chat or discord room And we'll do our best to get through them Before we jump into the live analysis with Jay trader just a couple of things to cover first of all, oh you can hear him, but I can't Oh That's a problem. You can hear me as well, I guess Okay, so it's something on my end I'll just carry on with the contact information If you want to get in touch with Joseph you can reach out on his website JayTrader.co and His Twitter is at JayTraderco and the disclosure here quickly All book map limited materials information and presentations are for educational purposes only and should not be considered specific investment advice nor recommendations Live trading is in simulation demo paper trading mode and strictly for educational purposes Live trading executed in simulation cannot accurately represent realistic trading performance and the risk disclosure Trading futures equities and digital currencies involve substantial risk of loss That 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 in a 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, let me just have a play about in my settings then because I'm gonna need to hear you. That's very important. I Guess you guys can't hear him on YouTube either No, sorry if you can hear me. I hear you now. I've just changed Okay, perfect. So good morning. First of all Good morning traders. I'm gonna go over a few things over here today on small caps mainly small caps, but also big caps So I want to share with you a few things Here that me and some And then we start like sell But you're going to see it here is what for example I covered live when I was trading and explaining Sharing my screen. Okay. So of course now you see and this was don't lie Of course now you see over here the trades, but we're gonna go over all the process. So this just to make this things clear We also who are Basically trading this morning a few small cap stocks like drug Which gave us one tight stop in one win. I will share after BB why so I'm gonna share the process in SPRC for example, my bear over here next to me We shorted it and I will share how and where We showed the main tops on this one. So one two and then three over here so I think we can start and We're gonna start from looking at drug actually, sorry as per see We're both in now drug and as per see at least mama beer in Now connection here. What is your SPRC? This morning my process single morning going over the main gaps I look for Gainers and losers So I started watching this morning at BB why Now during the session you see other extension plays Just like Reach out or comment and we're gonna go over more stuff later. We have right so As we are seeing was a gap over a very low volume pre-market Why was up so first thing I started looking at the news over here So positive results for the cocaine addiction treatment of its Psychedelic-based pharma collaboration with clear-mind medicine. All right, so additional positive results So when you're trading a small cap especially on small caps News of a very big impact in the therming or giving you a first bias, right? The filter out if the stock will be a longer short There are certain news. They really try to you can see them. They try really to attract the trader In order to make him buy the company to push the sire and then they don't you have to know that all small caps Or at least I would say the the bigger majority, right? Maybe 90% of these are Shell companies when I say shell companies is basically a Company that using is using offerings in order to raise money because the company is not having Positive net profit is not really having we say An income Now announces additional positive results over here. We can see Go down and you see that pre-clinical trial. So we're not talking over here. And by the way traders, can you hear me good? I'm trying over here to fix my voice. Let me know if you can hear me good So we're not really talking about a company that has Final endpoint met or phase 3. All right We are talking about the company that has only pre-clinical trial So from this moment to go to the phase 3 or FD approval It can pass million of dollars or even like dozen or hundred million of dollars according to the drug They're developing in years Right Thank you for the ads up Rome on nerve. Okay. Keep an eye on that. We'll maybe watching that as well the second thing that I need to look in this before getting to we say the The process so using over here the book map Tool and we're gonna look what actually trigger my entry or entries in the room. I Want to look at the stats. So we have a company that had six times a gap And you can see today as PRC was a gap six times gaps Above 10% on the day four time close read with an average high of day time 950 an extension of average 20% so if I look over here today on as PRC and I would say first, let's look at the daily chart We're gonna put over here very simple. Just put over here your daily chart. You can see how I have it And then we're gonna put over here Perims we can put candle as you prefer really So this is our chart. All right Let's save it. And the first analysis I do is using the daily chart So I start looking at days where high volume was traded And when I say I volume for me at least has to be Above 10 million or widely above 10 million because we're talking about a $2 company over here I'm starting to look at previous level of resistances like over here. We have a top-high 394 And Then over here we can see also the low I will put over here the close of this and then we have another day this one, right? This was the fifth or the 26th of May I'm gonna put the high I'm gonna put my clothes I'm gonna put my low and I started doing that for all the main high volume days that I have Then I decided this morning and I was Explaining this in actually in the pre-market YouTube session I was sharing book my point over here and The scanner and I started putting my fibs from this level over here to 20s Trace them with low set at 0.86 And I started to have my areas. So the most important areas that I was watching on the chart was 169 153 38 percentage Now a lot of people ask me how to trace Sorry how to trace over here Book map levels using fibs Three years or I think even four years ago if you go in my YouTube you can see how to set fib charts and How to trace trend line support versus the level supply demands on three four years ago So I think it's pretty good and important to understand if you want to may always say a good union, right? between fibs and over here daily levels the second Go over here to the One-minute chart. I'm using one three and five and this is the process So over here we can see an example. This is from a trader in the room. I think it's a pretty good example And you can see this trader where it took your his His trades so at these peaks, right and then each time we had a dip He covered right so you can see over here the main proposition of our Morning was to look for a short on the stock being that the news is fluff Being that we know that the stock likes to extend around 20% and then fail and average I have a daytime 950 now look over here. Why stats work average? I have a daytime today 948 so when we want to Have an edge Right, and this is extremely important in your trading Based on the data Data gives you I would say a main picture and then of course You will need your chart your book map to find a timing because I can say Something is gonna drop by stats 80% Okay, if that day you don't have the trigger because the system is not giving you anything You're gonna end up like losing or blowing up over here. You can see average. I have a daytime 950 guys 950 right and then you go over here and you see the average the higher day of today was 948 Too many is difference. You can see how stats work Or at least why they are a good edge so the morning we started like with this push and We're gonna look again if we have more possible entry or recycling today on this I mean time one second because I'm also looking at their stocks Okay, start looking at nerve, please So we add over here Some very good volume and open you can see the bars On this war of around one million plus so a lot of buyers over here And I was looking at those fit levels so I was looking at this 138 was looking of course in the pre-market I 144 and then we had a high volume resistance over here in bookmark 150 Remember last time we covered this and I said when we have a high Volume resistance and this being there is a future a small cap a big cap Remember, it's like a magnet where the price will be attracted to right so 150 was the ideal level where I want to see really a rejection or Often this market will see a fake breakout and then we're gonna look for a main short But not always we're gonna have we're gonna have that level sometimes we're gonna go maybe 145 Not reach 150 then fail So I'm gonna share also the the trade that Maverick took On will post it both in a boiler room and in in bookmap room Once used done so probably in 30 minutes one hour or something like that But the point is I'm gonna explain you right now what we did We started shorting over here this 142 and In the exact moment I was trading this I was explaining why we're trading this time short Okay, so not really calling trades five minute later, but in the exact moment and then over here The first trip so we saw over here the price getting to this area and We were looking over here for shorts not full-size, but shorts Because we had the resistance because we had that supply Because over here we saw really the price slowing down You can see the price over here slowing down these peaks right and then right away when you start seeing like some sellers You start joining of course, there's a big difference when you trade at 130 140 dollar stock Shorting here or shorting here because this is like we're talking about like eight and ten percent all right 140 yeah something like almost 10 percent difference. So of course you want to short up here and not down here and Shorting over here 933 is exactly into this area over here So you want to short high and then when we have these washouts you want to take a partial profit Remember my first target is this All right, so we want a short high. How are you short high? First of all, you have to be fast. You have to have a fast broker You have ideally to use hotkeys if if you're slow like me hotkeys help a lot and You have to mess with the timing timing comes over here the first dot Completed over here on book map. There's where you want to short. Okay? Also, one thing that I will say you can experiment with is trying to short of the ask Okay, trying to short of the ask The second Short that we look into was at this level Big resistance 150 Price got to that 150 in the 150 Besides being a psychological level of you know, you're you're 50 cents in 50 cents Which is a it's a pretty important level to trade You want to look for also? How it reacts at 150? So when the price over here, I'm trying to zoom in when the price reaches 150 over here You can see that we have buyers right buyers in control 46,000 78,000 at a certain point over here. They're trying to buy more at 150 But at a certain point again, you see that sellers jump in so these great dots are sellers And then we have some buyers right but buyers are basically over here. Yeah, they're getting overwhelmed because they cannot push above 150 and Once they see they have no more power Whether they are basically defeated by the shorts or the sellers in this case and we have that on wine So it doesn't mean that when we start taking our short and we took our short over here again We'll share again later The the charts when my beer is done and the team is done doesn't mean that if I short over here I want to see a short all-day fade But it means that my first target this over here I'm looking for those two main levels where to cover a partial then over here what you can do your wrist break even So when it comes back up on this curl over here, you see on this curl We break this level of here 143 144 you can risk break even at a certain point We had break out so finally the stock gave a break of that 150 so that important area, right? Broke 150 boom wash And then they start holding over here. So this is a trap It's a trap for who is a trap for short sellers Because they're reclaimed the 150 so the previous resistance. So if you're short over here where to do You're gonna risk or 160 And that will put you like, you know, really best scenario remember every 10 15 cents actually in this case 15 cents is 10% Or you're gonna stop out and If you are a long trader The majority of long traders don't buy on the on the dips they buy on the breakouts Because that's the wrong idea the traders have But you're gonna buy over here. So longs buy over here and shorts stop over here Both are trapped Both are trapped because a lot of these stocks and over here. Remember, we're talking about a 50% fib level they are doing everything in their hands to Trap sellers to trap short sellers to trap bold traders and then what I do they simply start dumping over here So I would say a lot of stocks have their agenda Big traders firms Institutionals or even insiders. They will play always against you through market makers or even their orders And over here, you can see the second part simply start making lower highs lower lows and now we're simply holding and There's a main point over here that you have to get from all of this and I would like to To her also your comment the first point is this After only after a main big break out also called clear out plus rejection you have the Corformation of an unwind in this case the 150 right in the second point is volume supply Versus the man. What does it mean? If you look in this stock Over here, we see the timing on bookmark, right? But if you wait and look at this stock, you see a first part of our chart That is a high volume peaks over here are 1.75 2 million almost per minute. That's a high volume. All right, even it's a 1.50 dollar stock But after the main clear out where are all the longs They're underwater. They're drowning And this is going to fail every single time you're going to have the difference between high volume and low volume And you start seeing that this stock Starts fading below supports This is going to drop Makes sense traders So at this point we're holding this stock We want to see the main target today around one Okay All right, glad that you understand over here the full process It's very important over here now to monitor also book map Because I want to see Take it like this. All right There's much more to say but I want to see this I want to see a lot of sweeps on the way down For example, even if I didn't put over here sweep indicator. This is a nice sweep. So Uh, there are the stop loss triggered over here on this breakdown and right away. It's a wash And I wouldn't see many of these going on. All right So you will see over here all breakdowns of the levels and until I see those occurring, I would say Uh, often in our chart, I have A safety that we're going to fail With this volume unless I'm crazy volume popping over here one million With this volume we're going to fail and now I'm just like Looking to lock in around one zero five one one time. That's my area. Okay All right Second one of today is bddy. I didn't trade this Uh, but I think book map is unbelievable. That's the reason why I suggest to use book map traders um For this you have a stock that this morning was short buys on this, right? um This is how I had a plan my plan was to look for a short on a pattern over here on bbvy Which was up on news And the pattern to trade was a gap in extension This is a gap in extension, right over here the The bot Gives me An idea of what I want to trade gap an extension means there's a setup that I want to short high And today I had two main levels that I wanted to trade over here Or over here. These were two main levels or over here, right? So or the vwap or this level 1180 or this level over here 1220, which is the pre market high Remember what I said before Book map levels Will act as a main catalyst so we have one two and three All right So this is the main you shorter one you had a two you had a three this means find the right timing As I said, I didn't short this I'm not in a trade, but I saw some children had very beautiful trades So I'm going to explain the timing The main level that you see over here on book map is this high 12 right And what do we can see over here? price In control is always the blue part right the blue over here are buyers blue dots Until we get this level over here And you start seeing a very low risk scenario so this point is Uh Good level where start looking for a possible short because if you short 1194 95 90 92 You have basically between four and a sense risk That's where you want to short you want to give it a try And then of course you can re add j-lines rejection off But you want to give it a try because that's a very low risk area for a possible short And then you can see that from this moment We start having what I love to have what I love to see in a chart is our sweeps Right, so stop loss boom trigger boom wash When I see those I know that and now over here again another one you see over here Break of the support sweep boom wash so From this lesson and over here another one you see over here Breakdown of support sweep. So from this lesson Maybe sam you can cut those three pieces over here today. So before an sprc over here on bby We can put this finding correct timing And this is worth valid both valid for a short and for a long. So right because these were not long for me this morning Based on the scenario finding correct timing too short I would use always main You can do like this main book map area off liquidity And ideally we want to see this dark red plus confirmation or More recycling recycling means like adding to your shorts sweeps sorry sweeps Cuts right with our sweeps over here is basically stop loss trigger On base support breakdowns Okay, I think we can use this as As a guide for you straight and this came all the way down all the way down So for example, let's see over here this morning somebody traded this good Um, I think this is a very good way to trade it And this is from uh An english trader so our scientist mary So shorting this beautiful pop over here just into the 12c. That's a perfect time with a perfect execution So not trading the front side avoid the beer shorting from side and then looking for the backside But this is a correct way to do it drug so As I said, we're short might be a short 248 245 two different counts of this and I'm going to explain you why fib level again Plus book map in this case we don't have We don't have the Careful over here because on break even we're going to stop break even over here. We don't have like we had before on bdvy or sprc a clear red level of heatmapper resistance Over here. We have just a a stock that is going parabolic move double top Into a book map level because over here still 250 a book map level Half the number so we have a second parameter And then what do we have we have a fib level? So that trade where his has the first target one minute jails and we got to this level over here Main stuff over here now. Let's look at this price action So you can see that they clear out that 250 and right away gave you the stuff So those are the levels that we're looking for short into So clear out 252 255. This is your reason to short over here 250 255 risking just this above So now we can look at the price action over here looking at drug They clear out 250 So after 90 made dip risk to break even So you can see over here that for now we have somebody that's holding but if we break 240 Possible wash. So let's see if this is going to wash 90 may right now I want to see remember those sweeps, right? So like we saw before when I see those breakdowns then a sweep over here down side that gives a confirmation You see where it went exactly the other place over here And again over on the fifth So for now, I have to say sellers are in control. So I'm watching over here for a possible wash Remember only one thing over here is now important that risk So if you shorted 252 250 248 if the price starts curling you're going to get out Nice to have over here a seller 245 It was price king Yeah So right on 637 and 244 you did a good one there So that's now a 61 000 seller At this point, but we have another buyer 232 Which is this level over here? We can put also I would suggest over here traders we can add Times and sales and we can filter this I would say Minimum size. Let's put 999. What do you think? So we can see the big buyers Actually, not the big bars big bars over here would be above 30 40 000 shares for a $2 stock So we have first rejection over here of the heat map You want to see this on one, right? You want to see this? trendline break bare flag Formation and whether this is a play extension play how I know it extension play Right, so we are trading an extension play So they're making over here lower high lower low if you look at the last three bars This is a pendant pattern Remember the risk is break even and now the First target where to cover partial is 228 230 Remember the sweep you want to see a fast sweep over here 237 They're trying to break this up trendline They're lowering over here the offer 244 A ton of volume on this drug today 80 million 80 million volume So when you're in a trade Put always your stop loss level This is how I trace fibs So I'm gonna Put over here This is how we we trace fibs or I'm gonna post also here. So drug levels of fibs And those fibs are important right now You see the tape is red. So we're going to that 230 to 32 level Uh, we have as I said the fib over here today At 253 and you can see it was not perfect 253 We came to the 260s and then we unwind it, but it gives you a very good degree Remember we use that before on BBY. We use that before also on SPRC SPRC that rejected from a 50% fib over here. We're rejecting a 38% fib Careful because they remove over here the demand at 232 So ideally we would like to see a drop over here. So a washout So remember what I'm looking for right look at BBBY I want to see those sweeps like this You see this one. That's a beautiful sweep for me break the support right away flush Over here SPRC Add only a small one. You know, we're talking about 135 and came down Instead what we're trading right now In SPRC, we're holding okay. We're short from the 150s drug over here Is not giving that good sweep as I like Small one over here from 240 down to 236. So very very minimal sweep But I mean the timing is good. So let's only hold the trade over here also traders if you like the I'm explaining really the setup we traded this morning drug BBY SPRC also has that later So if you like right here, put thumbs up and you can share the link Yeah, I think there's some great examples there Timing is it's one of the biggest challenges in trade execution and You've gone through some great examples there on how to use book map to To get your timing right, you know with the volume bubbles at the top there and looking for sweeps for continuation of the trend and Also, you're kind of leaning on the liquidity levels there on on drug to to give you some nice insight Yeah, and it's not a easy stock. I didn't say this because also it has a SAR So of course when you're sure you want to short on the ask Because otherwise you won't get filled unless you know with few brokers you can get Advances of the optics So short sale restriction But I would say a good time, you know we hear from From from a lot of Twitter that I that I've seen today on this one Gonna talk soon about About tesla this was tesla today a beautiful run and Really a big one today really a big one today on tesla So let's finish over here to cover traders. I would say is sam drug because we are and you know in the In the most interesting zone and then we're gonna go how we trade over here tesla But for now, they're just like holding that support to 35 in this 235 That we're watching over here is The pre-market high as well Starting to curl, but still we have low volume. Just look over here this dip Uh, I see as many buyers as many sellers right now. So if you're short Uh Don't give up your position starting to curl more A little bit more buyers. Let's see a 17 000 passing over here and now Uh, a lot of green, but it's still a good short to hold Again rejection from that high level of liquidity 96 k at 243 over here More sellers over here. So I like this content Uh in the meantime traders I think Uh I think we have to Mention one of the traders always with us His name is mac lovin So he's a book map user sam over here. He writes every week when we are on discord And I wanted to share what means Uh to have a plan and what means to come back from a loss So this is what he sent me this morning I was away on holidays And over here after this loss he lost a little bit of confidence And uh, he wrote me some very good things so What personally worked for him coming back from uh from a loss and uh back testing Using a system Being I would say Using a correctness measurement And also having booked all these four things together Started the month very bad And then look what they led him to on the next I would say three weeks of the month Over here. He's taken out. Just wrote me today. He's taken out for 10 days Uh, vacation all day, but this is traders what you have to aim to when you have a big loss And you're like, you know, you're Fearing to take the next trade Remember that if you have self control if you control your mind the bad habits Then you can really recover and have a very good month He's he's off celebrating is he? Yeah, I believe that you know is uh Uh Is a very good example of mental discipline Uh, so he was not really shaken out that much the after he was already green So that's a very big part of self-control and I believe that in trading uh managing emotions managing your Uh, having discipline managing yourself fixing what's not working your life or what's bothering you Because when you treat you have to be 100 focus on this Yeah, it's pretty hard and if you have something that is live putting into doubts A sphere of your private life You know, you have to fix it before you get into trading whatever that is barf and girlfriend dog Uh, whatever Everything has to be fixed and that's a very good way to to manage things You know like putting down things back tests Having tools having also room that supports you having a good team and Working on yourself. So we're here right now. I would really Uh like to continue going over a drug, but I want to pass to tesla So remember over here if you're short 245 248 or 250 or 244 whatever that is You have to put the stop break even This is a stock that is holding the pre market eye at 11 o'clock By my rules when it holds this level after 10 30 It's not anymore an a plus setup to trade a short. It's a b setup means size down Take profit earlier and be ready for more manipulation Makes sense guys Let's go our friend tesla so Reverse all of a pattern So of course I'm sharing now charts, but what we shared today and what we traded was Live in that moment. So I share my executions in that moment. I was explaining was what entry and all the process This is one of the mentories that I teach So the point this morning was over here to wait for this morning breakout So waiting for the first 10 15 minutes of direction on tesla and then looking for a long The conviction came from two main things And I'm going to share why So I'm going to put a five minute chart or we can use even a actually a 15 minute chart today So we're going to go with the bigger timeframe So over here These were my very simple levels this morning You can see this level. I traced it before the open 8 91 and 46 And then I had this level over here traced at a 96 and 60s and then this level over here traced at 8 99 and 50s All right, let's go back with So we're going to put over here a little bit more Time we can actually take off for now sbrc And dby which I'm not really paying attention. My beer is so We're going to look at on tesla at tesla over here. Okay, so this is loaded We're going to go back to the open and uh To this point so before sam it's already the third time I said this When we see a big liquidity on book map We're going to use that And we're going to recognize that as a main catalyst So if we have a big liquidity over here the biggest that you can see on the chart is 900 over here The bright uh darker color So I know that the price will be probably Attract to that level as a magnet in a video. We have two main catalysts one Is gonna give me a rejection And we're going to look for a short, right? The second one is that We're going to break out Whole and we're going to take a long So market is very simple. If you know the correct levels and how to trade them It's just like 50 or longer short or of course. I'm wrong. It's long and short And also sidelines, but if you have the correct level, it's only longer short nothing More easier To define all right 50 percent. It's like if you like vanilla or chocolate ice cream The same thing over here We get to this level and we have a first rejection. Remember that 900 over here that I this morning trace a 99 and 50 So at this point over here what I was looking for I was looking for a break of this level So I was looking over here for a price to break The price broke over here 941 right away rejected. So it gave me a first I would say Fake out like we had before and drug remember the fake breakout right away the price rejected over here But I was not looking too short yet The chart that I the chart that I shared for example in even in bookmen before are all longs And we were waiting for a consolidation above 900 of course In this where we start like loading Loading the bolt for a lock Because once we have that break of 900. Okay, remember it's like if we have this We can make this all right. I believe that you can still see my mind. So we have price breaking out After the breaker you want to see attendable support A confirmed support otherwise, you know can can unwind he said if you see this holding Then over here you want to start taking your position. You have a very tight risk And that's there where you want to long doesn't really matter If you're longing here here here The point is that's the zone Okay, so you wait for the breakout And then you come back on that support to buy the dips And over here we had the big push So this morning once we were in the most important thing that was only to hold the position and master it So we'll zoom out And share with you a few things over here So let's see for example This chart very active trading over here, right? So in this case a trader took the first trade trimmed so scale out position re-enter Loading the boat selling partial selling partial over here re-entering Selling more partial re-entering selling more partial this is one of the the mentoring The mentoring trader that I formed and you can see over here tesla From this 898. So he got even earlier, right? Of before the break of 900, but then he added back over here On the second entry at around 902 903 and then adding more over here in 904 905 So look at these dips Because this is something that you'll see over and over and over especially if you trade tesla or maith or amundsen. So these big caps Every single time we had a some kind of washouts It's over here. So we have a fast right away wash Then you have to wait for your higher low and I'm going to explain you that better So you see over here our first wash all right The price over here sweeps again Price over here sweeps Makes a higher low and then over here start taking the log So don't enter right away when it washes Wait for that, you know higher low That higher low And then you start like buying this here over here Having a set risk don't buy when something is washing out when something is unwinding over here You see the wash the same pattern you wait for that higher low And then again to move to the upside So now tesla Pull back You can see over here My target this morning was 910. That was what I was calling 910 And I'm also calling 930 So if we're going to hold this low over here 900 and we can consolidate above We can still look for a possible 930 By the end of today or tomorrow. All right, so the trailing would be over here at 901 So let's look if we can have this possible move to the upside In the meantime drug over here. So now they're big performance Beautiful You see how it's unwinding So the target over here now on drug is exactly this 227 to cover a partial So what we can see now is that those sweeps came so maybe Sam you can I don't know name These recaps where at least a part of this week are like sweeps how to find these sweeps over here because this is beautiful And the sweep that you can see on the chart is a break of the support right away immediately wash Right. This is a perfect example of the same setup that actually we saw on On sbrc on bbdy So that's your sweep when I post over here traders. Yeah, that's awesome seeing it play out live like that Yeah, it's it's pretty interesting Because when you are in a position right away boom, you have a like a a bigger profit instantly And you are like so much better in the money I'm watching also nerve today. I didn't actually trade it But I got to my level that I had over here trades from the previous days So we're gonna put nerve mean that meanwhile that Drug is holding one point. I want to add Not because drug right now reads our first target the j-lines that this is going to be an all day fader This can still find volume Reclaim 240 and push to new highs. All right. So always be careful because we're talking about 1030 So let's look at nerve But I'm not in a trade on nerve And I'm not going to be in a trade on nerve This morning my position was only tesla my bear next to me took sprc and drug But I I want really to go over This stock today for a few things and why had the 667 you can see over here, right? My 667 why I had that? Also parabolic move over here So levels are very important when you trade and we've got to look together at this stock all right, so First of all Daily level this is an hourly chart, but you can use a daily level. You can see that peak over here 670 Then over here traders basically this this after hours to 670 If I go check the four-hour chart You will see that We have also be here this perfect trend line Now we didn't get we didn't get over here to the trend line is 680 685 We got very near over here to the 670 Double top also previous side. So that's the level that I want to consider then of course you find the timing Pushing that daily level 670 You can see over here stock rhyming without a big level of heat map above right the big heat map over here It's at 7 that was Where maybe I wanted to short we're not short on this. We're just waiting right now. We missed the trade. It's fine Once that trend line over here occurred, right? so you can see this trend line Boom started to unwind so pretty good fade Over here not in a trade as I said First target hit Let's see over here. We have our friend layman explaining our Calling over here a few of the extension plays that we're having right now So drug is looking over here curling on the one minute J lines Very low volume this isla So let's see for previous levels Okay, if I take my trend line if I trace my trend line, sorry We have the resist over here 170 and we have a breakout Let's look for resistances And fibs So we have a two dollar area of resistance, which is pretty interesting And a good fib at 188 It's also look at the one hour chart Okay, considering this is the main level it's uh I prefer to consider this as the main level this high over here So we have this uh resistance between 195 and 205 That's ideally the area where we like to to trace short a y La So looking at book map. I want to see if we have some liquidity over here Very small liquidity. You see it's very liquid over here for now two dollars. So Basically basically waiting for this waiting for this So we have SPRC Beautiful morning fader From that 50% fib Puy it failed from another fib level drug Good fader for now or pullback in the sub trend from the 38% fib So it looks like a three-way pattern if the volume will continue to be low over here I'm looking for this to unwind If we instead we start having a curl in high volume Trust me trail in the money. You can always re-enter or say you missed it But never let a good win or a win go into turn into a loss, all right Drug over here. We have a 241 240 some good amount of liquidity So just to wait. This is a time that It's just holding doing its thing Risk management don't panic if you have a pop Low volume for now. So we have to hold the position A little bit off breakdown 235 Not a sweep right now. Not a washout Holding a support. The support is over here in this case. This pre-market high They also removed the liquidity over here from 241. You can see That 80,000 So sometimes we see this liquidity gone because they're selling on the bid not yet First break on the support Just slow right now. So just leave it over there At this moment, I see no a plus setup to trade Let me know traders if you found This webinar useful So we went over small caps and big caps We went over the sweep We went over manipulation You can see on drug We're in over extensions fake outs how to trace fibs Kind of really off knowledge information Thank you guys Thank you Joseph. Yeah, I think that was incredibly valuable And also inspiring as well looking at some of those results from your group Yeah, and you also talked about the importance of discipline And maybe if you're having issues before looking at the market look at yourself and your state of mind and sorting out your own situation That's that's super important Absolutely, because you know everybody can make money, right? For example This is a trader who is performing very very good. He's a small cap trader. He's gonna go probably 30 40 k for the month The point is the days that he has no setups. He doesn't feel good We don't trade So it takes a lot of discipline. It takes a lot of you know, mental effort To stay away from what you love to do Uh, but of course you have to do it. For example, if I don't feel good if I had let's say Anything going wrong in my life if I'm waiting, uh, we say an important answer from A medical exam, right? I cannot really have my mind totally focusing on this one because every bad news that I might have It will impact so much my trading and that's super important So only perform when you are perfectly when you have, uh, I would say healthy regimen lifestyle Uh eating so your diet you feel In good connection with your overalls around surroundings your family your friends your yourself Then it's the time you have to perform Do do you monitor your sleep as well, Joseph? I sleep not much So there's not really much to monitor over there You know one time you must said that he slept like uh, Jeff Bezos in their like office for years sleeping four or five hours I mean, I'm not at that level Uh, but when I sleep six hours per night for me, I'm more than fine 6 a.m. 5 30 up going to do some cardio hit the weights Put out the stress and then get back over here to the trading Trading oh, I'm surprised especially working out after a workout. I'm normally exhausted. I sleep for maybe eight or nine hours In the morning. So very very early. I cannot do I cannot train as I train right now I'm trained like, you know decent I can I could never train after my Trading day even because over here is like would be 10 30 when I finished p.m But even if I would be in the states like will be in uh in september I'm going trader for cause I mean, I cannot trade in the afternoon four or five six p.m. After six eight hours of trading Too exhausted at least for me. Yeah, all right. I think we're We can wrap it up over here Sam for today. What do you think? Yes, I think so I did have just one final question for you if you've got a of course Uh, you reminded me of actually you said don't panic if you have a pop and and that That's something that I've personally been struggling with a little bit Especially after sizing up like I'm usually fine with my execution on my standard size But a lot of traders they'll get to a point where they want to add more size Maybe they've started getting consistent results, but then they struggle more psychologically with with playing with bigger money So do you have did you have a process in place or Do you have any tips for sizing up? Yes, uh more than one It's more than uh a tip is a plan. It's a process So let's say that you size up a certain amount And you have to build a cushion of PNL of money before you size up in the next time between 15 and 30 percent You have to build up cushion of money That even if you have two three red days, you will intact Your account balance. That's the first thing. So you're trading safely Then you have also to have wired out before sizing up a portion of your account We're talking about profits because that is Like a reward and that's like a safety that already you put in your bank account I don't know wherever you live or in bitcoin, whatever you like So you have to trade without stress because if you have like if you're sizing And let's say you're adding 20 30 percent more to your size of what you are trading previously And you're going to have two or three red days Maybe because you know you get a little bit of anxiety Maybe you get like a first loss you cannot, you know Accept that you're losing you don't want to lose that money Uh that you hardly made, you know with long time I mean that money is saved And that cushion that you build is for that reason So you can relax you can back trading your system how it is Not looking at your p&l, you know, like the casino going up and down. That's the first thing Second thing is I would monitor when you size So every single day you should journal How much you're sizing and then of course if you're sizing more Also your risk dollar per trade So I suggest you have a risk dollar per trade and a risk dollar per stock And a risk dollar per day. So there are basically three They have to be monitored and also increased Because if you're sizing 30 percent and you're having your dollar risk per trade the same as before it's not correct Everything has to be, you know, in a In equal size Basically these two things and then of course You have always to think one thing you're sizing and you're thinking that now you're risking more money But think in five years from now Probably the money the the money that you're doing right now the return that you're doing right now better I'm not going to be the same as you're doing the future in the future. You're going to earn more make more profit So getting anxious or getting like, you know, so tight Because maybe you're doing so much more right now. Think about the mind of the future That will like in Italian we say Stemparare that will say like who gives a damn about the money that I'm doing right now I mean look and think what you're going to do in the future. So everything that you're doing right now It's just like, you know, uh for a moment. You're not going to feel that that anxiety when you trade it. Okay Right. Yeah. No, I really like that actually that's that's clever. It's uh, it feels relaxing just thinking about that Exactly everything I have to do super stressful important my life. I say, okay Uh, this is nothing compared to what I did before what I have to do in the future So this I'm going to pass a like this when you don't give that too much importance You're not too much tight on that and you're not like much having so many emotions from that So it's like It's not that you don't have to care about it. Just like Don't think too much about it. You know, just do it Yeah Okay traders All right, so I think we can wrap it up for today Uh, sam, thank you for being a great host. Uh, thank you trader for being over here with us Put a like we put a lot of work over here for you. I mean, this is free. So Help us in this way And see you again next week traders. Thank you sam. Thank you book map and take care. Bye. Bye Thank you joseph. Thank you guys. Bye. Bye