 Good morning traders and welcome to the bookmap live trading webinar with Jay trader for stocks this morning We do this every Wednesday at he'll be in around 10 20 10 15 by East Coast time We we get started every though every day though at 10 It's gonna be live not only live analysis, but live trading from Jay trader and his ways of reading the order flow and trading it Jay traders been trading for quite a while here. You can read his bio I have his contact information. I'll put into the chat if you want to reach out And then I need to go through the disclosures here. So you guys understand what you're getting involved with this is important risk disclosure trading Book, I'm sorry 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 real estate trading performance The risk disclosure trading futures equities and digital currencies involves substantial risk of loss and is not suitable for all investors Past performance. I'm sorry here. Hold on a minute Risk capital, I'm sorry an investor could potentially lose all or more than the initial investment risk Capital's money that can be lost without jeopardizing once financial security nor lifestyle Only risk capital should be used for trading and only those with sufficient risk capital should consider trading This does not seem to be Broadcasting on YouTube. I don't think can everyone hear me here. Maybe maybe they can No, it's it's working is working. Never mind. Never mind. Sorry about that guys. All right Let's jump in here. We'll have Scott. We'll see you tomorrow morning. We'll go over the general market the S&P E-mini here What's going on here for about 10 minutes before JTrader jumps in here once JTrader jumps in we're gonna go right to stocks And get started with that interesting order flow well just about every day is interesting but You know, we've been watching this on the higher time frame kind of waiting for sellers to come back into this market And it makes complete sense to me that we're starting to see a sell-off here today And we'd love to get some of your guys feedback on this but due to the options and quadruple witching on Friday and Then we have lots of people engaged into options trading starting afresh and Now we're starting to see the outcome so we can see the move down here in the Overnight session into high liquidity here around this 44 70 area. We see our cash open here at 9 30 and Trending to the downside. Okay, so that's what we're looking for here more to the downside Market structure wise at the moment is kind of interesting Although we did make lower lows in here. We just made a slightly higher high And we made an equal high here Okay, what we're talking about here is Market structure now, we're gonna look at the volume within that market structure and the order book within this structure So we see heavy selling Into high liquidity though out here even here, you know Around 9 30 or just after 9 30 but then down here and then also down here So this means they're they're buying down here And they're getting filled these larger players or this this high liquidity is getting filled And we're starting to see some buyers come into the market aggressors. Okay, the green dots market aggressors market Buy orders red dots or market sell orders So we're starting to see this kind of slow down here We are still of course in a down trend But we're seeing a little bit kind of difference here in the market structure So it would make complete sense right now to see buyers come in and Trade above this and back up to the high Maybe they can even reach forty four eighty right now and this liquidity up here You can see liquidity also coming into the book here around 77 and 76 or so All right, so let's see if we can get those these market buy Orders in here the this kind of zoom in here and take a look the order book is starting to show a little more on the bid We're finding our buyers. So they should be able to reach up to this 77 level. That's our first stop And then see if we can since since we made a slightly higher low here Well, then let's see if we can make a slightly higher high here. Okay, not just 77 Maybe we can get up to 80 in here, right? So that's what we're looking for here in the immediate order flow All right, so let me know if you have any questions on that. I hope that makes sense It should be we cover this all the time So should should make some some clarity here by understanding market structure All right Okay, let's I want to take a bigger step back though And I want to cover like the daily that the hourly and the 15 minute chart here. These were lines that we put in Beginning of the week and just taking a look at what's going on in here All last week We saw the move up and we were looking for that continuation in the move up and then up in these areas here though We're going we're kind of thinking well, let's just take a look here Let's see we should start to see some profit-taking a slowdown Even though there is huge momentum because this was during quadruple quadruple Witching right and we're we know from Brent Kachoula and others about how the auction for options works and How the dealers have to Immediately hedge when they take the other side of positions And then we see this at quadruple witching here. So at this point here, and we just kind of spiked above our 4,500 yesterday and now we're seeing the some selling starting to come in all right, so The hourly chart we have a gap here. We can see from yesterday or Let's see. This was 9 a.m. On the 20th Yeah, so Yeah, I'm kind of curious to see if we can fill this gap today So we're seeing a little bit of buying right now Like we were just talking about but yeah, I'm really curious to see if we can come down to this this gap level here In fact, let me just draw it in So we have that Okay, that's gonna be around 44 50 or so. I think Maybe a little bit higher somewhere around there Okay All right, so looking at it's just our higher time frame levels and market structure on that the daily the hourly and the 15 minute here That's all that's all we're doing And we want to kind of understand what's going on in these levels and then look at the order flow around those levels so Yeah, we can also see the big big gap here this morning from The overnight session on the move down here So maybe we're gonna get a gap fill right now or partial gap fill up to maybe 88 up here So we'll just mark up that as well Something like that Okay All right, so just kind of looking at some of these things in here and Let's take it from there and let's jump back into book map here Okay, so we did check we just traded up to this 4480. That was our primary scenario that we're looking for And filled some of it, but they're still up here So yeah, let's see if we can still get a few more buyers in here But you can see they're adding more into the order book up here so Let's see if these buyers are interested in it or not Okay, we're taking a look at it here There's liquidity at a higher level on the bid at 75 Also 76 kind of a flip from this liquidity in this area here now on the offer now on the bid So looks like we're gonna maybe go into a trading range here for the moment High liquidity here at 80 at 80 and then down here around 76 75 And maybe bash around in here for a little bit All right. Anyway Let me see here, there's a question about that can you show the book for a meme stock to see we distinguish it retail from institution Okay, well, what what kind of stock do you want to take a look at? Let me know happy happy to take a look at at something here Okay, you want to look at GME? sure That's about as meme as they get Or AMC as well Okay, so we're getting some backfill data right now. So hold on a minute. It's unbelievable. It's up at these price levels, but Anyway, all right, so I put in too much backfill data here. Hold on a minute Yeah, in fact, I'm going to close this and reopen it. Sorry about this and Joseph should be coming in here shortly guys. Let me close that and pay more attention to This I do not want 12 hours. See, that's what did it here. I put in 12 hours of backfill data Let's just put in maybe two hours of backfill data here. All right. Now that should shouldn't be a problem All right, there we go All right. So yeah, you can see Well, even market structure here. I mean guys it's just really One thing here with the with the education. I think will be very very helpful Is understanding market structure? The next step after that is understanding volume and then the order book within that structural context Here's our structural context here. It's right in front of us. In fact, well, I'm gonna pose the question here What do you guys feel? About this. What is the market structure here? What would I I mean, it's really pointing blaring out to us That you know before 9 30 and then after 9 30. So what do you guys think? Where should I draw kind of an under over line here? Pivot line here YouTubers, I'll get to you in just a second here No, not not 140 That's not not what I was thinking. Okay market structure. Yeah. Yeah, 133 exactly So here's what here's what I mean here all right, so We're looking at areas of consolidation where price is At you know has kind of determined value. It seems to be you know rather accepted now, you know, this is It's gonna be you know, it kept on going lower here So there's kind of different areas of acceptance, but I'm just gonna draw it up like this okay, and We kind of went sideways between this range in here look at the 9 30 open though after the move to the downside and then look at the structure here Okay, beautiful right to it went went through this 133 and right back to it. Okay, it retested here and accepted higher Okay, so understanding this concept here Works on all time frames. This is the beauty of it and it's really simple. I mean, you know I encourage you guys to watch our educational course on market structure Just you know part one it's free. You can find it on YouTube and Yeah, just Look how we came right back down to where the buyers came in and moved it higher here And this is where we start to understand You know some of the order flow within this structure To gain more insight to where price might go next Right and that's our edge here And it's it defines our edge. There's more buyers in here and here So I'm looking for them to try to trade to 140 now Okay, so let's see if they can do it. I you know what they're telling us the buyers are telling us They want to trade to 140 And there they go. We'll get a little bit higher here. They should take these guys on there's 5300 Shares there at 140. I'm looking for buyers to take them on to trade into that liquidity right there And you can see kind of just shy of it. This is very typical as well Okay, and and maybe we go kind of in a range. We need to go a little bit lower to find those buyers again and now let's take that whole market structure and we talked yesterday about pullbacks low volume pullbacks and Where we might Start to anticipate pullbacks Good morning, Joseph. There he is So, you know, this would be the pullback area here where these buyers came in and we just we just tested it right now So let's say good morning. Let's see if buyers support it here guys And let's we'll move on and and turn it right over to Joseph Yeah, I don't know if it's really quite a low volume pullback here I mean, yeah, there's some good volume in here, but we're looking for that strong consistent volume And it's kind of trapped up here a little bit So we got to be aware of that and if we get sellers in here They might be able to drive it away from this area and try to drive it down to maybe the VWAP or down to where it broke Out from here. So, you know, be careful about that But you know, this is this is the first area for the pullback here. Let's turn it over to Joseph Let me get his screen up and we can Take a look here at at some stocks Okay, Bruce just one second I will connect How was this morning? Pretty good. I mean, we only get on for, you know, about 10 or 15 minutes before you jump in here So we just kind of like get our feet wet and then and then it's time to to go over stocks with you Okay. Okay. Got it, buddy. So let's start through it in just one second. Oh, right Yeah, hold on. I need to get this back in here Okay, let me know traders if if you can see my screen. Yes Okay, so we can start I'm just gonna say I'm long on Tesla and We're longing to the 1003 So What I expect this morning is getting now 10 50 The fact this morning that we long is Reclaim of the pre-market high Breakout with high volume. We had also dip over here into the J lines We see over here again, even 10 15 some big heat maps pushing, right? So this is a big trade for me Big trade for sorry for the room and members can basically Follow us and learn trading together So tesla if you look at a daily chart we can see a Big breakout came into the 945 950 Remember to last week we were down here. Okay when we had the screen share on wednesday We are talking about 800s. Now we are talking about 10 50. So I move up 250 points This is one of the most volatile I know that it's a it's a lot expensive for a lot of traders, but you can also trade options Which are we say not very cheap, but they're very liquid at least Now getting to a five minute chart you reduce this There's a five minute chart. So this morning dipped You can see over here the dip and pushed the volume was absolutely ginormous Almost 1 million bars on the five minutes of volume. Okay. This was a huge amount of volume Then we had three five minute bars One inside bar dipped into the jails over here and we're talking about 950 955 And i'm gonna show you here what we saw Okay, this is the dip. You can see also Inside bar. All right reversal and from this point from this moment We can see all the bars stepping in So they created support 990 985 1000 this moment and then over here you can see all the at 1008 then in 15 Then pushing over here at 12 now a small pull higher stepping Let's get back to our Chart we can use even this one Okay So we're gonna start watching if we have possible dips to recycle but again setups like this are Perfect amazing dips. We want to long on these dips. So we had the first dip over here at 1015 And now we're gonna see for this dip over here, but seems a very good dip to recycle and add our average This so we're long into this area and Right now I'm watching for each of these making a hard loss You can see over here right away the heat map came and they're bouncing So that is a good start of your position that you just saw And now you're gonna look if we get 1035 personally, I didn't trade it I'm still holding my parts over here still have in and I'm looking for that 1050 Where I would trail so I would trail now half of what I have left Which is half position left if you break this lower low Okay, so this relative low part done And the rest if we're gonna break the 90 may and and fail. So I'm gonna put over here a 90 may. It's a simple 90 may Exponential Okay, so you can see through that we are pulling this 90 may Volume here. So until you see this heat maps over here. You see the buyers Now they're trying to dip it so 1023 that's my Next one fourth exit So holding 1023 On a strong day like this. Don't try to short tesla I mean, I showed a tesla this morning into this pop 1010 but otherwise don't try to short this because it's so strong And try instead to long these dips Okay We have 1030 to remove 1035 1040 So one two Three probably will be one 1045 and then we're looking for 1050 Tests like this moves in a five bucks in five bucks We review also other stocks of the day Like some good good patterns Not really worried about the trade right now because I'm in the money and we have Continuation over here of higher lows. Okay, main relative higher lows Love these big bars Longs are in control right now A little bit of sellers over here 1031 and remember traders that yesterday, for example, we had a move From the 930 until the 1000 So we started having the long setup over here at 945 the first number here 940 And then went to 1000 almost 1000 over here Consolidation over here in a pre-market in the morning So when we were over here at the open We saw the dip And then it started to bouncing strong. You can see the dip over here held up pre-market support Started to push making higher lows Now they're trying to push up again You can see a strong volume The fact that right away spiked down you see the spike right away retrace means that at this 1035 1034 we have so many sellers. Okay Now it's trying to curl down But you can see still buyers coming in everybody wants to be on this On this train over here of tassel today Until no correction. We stay in the trade Here for 1023 coming She bounced from that 1023 So previous support But now we have a lot of sellers 27 30 32 pretty stacked ask so wall of sellers over here Like to see another consolidation pattern holding 1023 and then pushing to that 1050, which is my main target If you look at the four hour chart You see the 1050 over here Was a previous good support this level over here was a support this level over here or was a resistance Then we have other area over here. You can see how many tops we had with that Then another here over here Then more up here that we passed from Even peaks over here of 280,000 270,000 At around 940 Now and over here per minute. We are around 100 k 90 k. So really lower volatility still high volatility, but lower volatility Compared to what we had before okay dip over here holding and starting to push. Let's see We also have a bounce on yes, this influences a lot. So this morning goes looking at this If he has of course supports, we have better odds for this to run more But despite everything today tasla had a very relative high relative strength Also apple so let's take one second apple. All right, so I want to review a few Small caps in the meantime over here. Maby will follow the trade for me But I wanted to review a few things together So we can put rzlt This was a small cap traders and Okay, so this is rzlt We can see right away a few things and I will mark them like this So first of all, we have this resistance at five. Okay, so this main resistance Five is a whole round dollar number. So it's an important level We have a stock and I'm going to explain you what this talk was about So let's look over here rzlt We have a stock with 33 months of cash. We have a very small float very small market cap biotech company 13 million float We have register pre pre fund warrants over here Uh register warrants just a little bit higher in 1950. The point is we have a big atm with open eibmer So they can look it over here 48 million And then also we have equity line 18.8 million. All right, and also we have a shelf Uh 143 million. So this is a mean necessarily at the gate try to short without looking at the price section Without knowing anything about the company But this tells you okay, it's a company that has 33 months of cash Which is not a is not a long time for of cash for a company, right? And uh, just a little bit less than three years and especially if they have to do Let's say new researches and everything they will need much more Um, so what I'm looking I'm looking to short these companies when I see a volume week like this, all right So this is really what you have to look first of all you see over here low volume low volatility Low volume not the volatility. Sorry volatility is the range over here. You see a five dollar area Off resistance and over here. Why do you see? A big eibmap Equal selling level. Okay, so this five over here. We put the five dollar area Okay Then when it opens We can mark this another color We see the main pop to that 460. We see the main pop to this 460 And this for me is the perfect level we're too short Okay, so this is Short area We have a jail on rejection short area Jail on rejection pattern Being something like this is Not even to think Load the boat you take the trade And this is a perfect, uh, let me see if I can do this I simply cannot today All right post it over here So you see traders, we have a room over here if you go down jtrader and post it over here. Okay pattern So that's an explanation how to use book map in this case Uh, we had also, uh Lbps And that was a miss for me. Okay. I traded it decent But then I was totally absorbed on On tesla. So I really I really couldn't take it And the open was a Perfect setup too short Let me see over here At the open was a perfect level too short 930 We had a pop over here so 720 715 Uh, perfect pop over here 720 715 and then halted open and push This was a nice one 955 you can see that huge amount of heat map and then heat map coming over here at 50 I should call up over here something so it took like 20 cents and 10 cents and then a stop five one And then I was absorbed on tesla and I missed this trade over here Just when you see that the use heat comes in you see this so big seller comes in We are on this bar Then the small bar that you see is this one. This was my idea level of entry and uh It simply went down melted down over here another small cap low float So beautiful over here pattern to trade And uh, this is something that you have to be very quick. Okay over here. We have the halt and this is the level of entry So this is the entry area Hello joseph Yes, okay. Oh, sorry. I was just away for a minute Yeah So traders we saw this set up over here with a huge heat map and then on one over here Now when you see this level, okay, my main support my target this morning was 586 586 You see over here where we have these okay could be covers could be I really think about the bars in this case because they they melted this down Uh, but this was incredible over here. Okay incredible Uh, the last one that I was looking was also sorry. We had also uh n rsn So it was a push to the pre-market highs 750 fail And then we had cld And this was the The high bottom stock of the day again a small cap Uh, we can see that it pushed to the 390 CLG over here pushing this 390 And then you can see the big sellers jumping in here here here now here. All right, so a lot of Unliquidity over here, even if in the last after 950 you can see they It's dry Really not anymore, you know two three four five million bars Okay, let's get back to tesla So we're gonna put this back over here We're still holding with that 1023 stop and they're still like Consolidating over here. All right Uh, we have a main buyer or main bars on this dip So 1023 25 And main sellers 1033 1035 Okay, so main It's a trading range right now. It's a trading range. We can see This is a trading range who possible scenarios At this 1020 1033 We can have a push break out Consolidation and then push it over here or We can have a push stuffs Like unwind this doesn't mean reversal Tesla will go down 200 points now This means that we can have some selling even because I will believe that A lot of big hands over here. Maybe want to take a little bit of profit from yesterday into the run. Okay Since yesterday morning is up 100 points So not a bad move over here. We're talking about what 10 percent or similar Joseph, how do you filter for some of these stocks? Um during the the morning, um In what sense bruce I'm sorry In uh, in what sense are I filter? Well, I mean, I I understand how you're filtering for like the fundamentals that you just went over um But i'm wondering about um You're gonna have a list of stocks and then you're gonna have to go through and I mean does it take you like an hour 45 minutes You know to start to look through some of these and and find out which ones you want to focus on Yeah, that that's a good question. So I have my my main place So everything is based on a on a trading strategy. Okay, so my playbook which is formed by order of flow and uh, we say um trading strategy So chart patterns And the remaining part of my trading strategy is also the discipline So the mentality that I have okay and inside this is also risk management. So three main fields And uh, of course, I have to look at those stocks that give me Uh, uh pattern that fits my criteria in my trading strategy So over here at Tesla this morning, it really fit this because yesterday We had a strong day We are on a trending stock if you look over here traders on on a flower This is trending. Okay the last week since last week over here. We are talking 800 last Wednesday now at 10 30 So this is something that absolutely I would keep it on my watchlist the same of apple Because again apple made the same setup over here is trending the last week So I know in the morning I have to focus on these and when I was this morning screen sharing I had these two on my Watchlist on my screen share and I basically traded only these two for the big caps Different is a plan that I have on on small caps which Requires a lot of more research fundamentals dilution stats Of trading patterns and also research in the morning the levels of volume Uh and uh analogies of the flow But over here we say very sad very We say various in a simplest way simple way I'm looking for the trending stocks And I'm looking for the stock that gave in the morning a break out or a breakdown or a fast reversal in the open I need to see volatility That's very important for me. Okay. I don't want to something that like tesla ranges in 10 bucks I want to see big volatility. Those are the stocks that I will focus on like these big bars over here And for example, once we broke this Hi Yesterday I started watching it Once we broke this high over here I started watching actually I was watching this before but I just want to make understand that I want to get involved in this area And I want to get involved in this area. I don't really care If over here we're making this inside bar or these small bars over here I want to get involved on this on this and on this That's where I want to focus my energies on. Okay. We have a limited amount of energies as traders. We cannot trade every single day 24 hours a day We need to Even if you may if you can You won't trade after 10 hours as good as you were trading the first one or two hours. Okay So you have to really filter and I would say be really Be really conservative but also be very I would say Focusing on a on a time window where you can perform very good And this of course if you don't swing, okay, if you swing is to another idea Now Over here we had well, let's go back to our tesla Okay So tesla this morning traded already 16 million of volume You see trader we broke the support the 10 23 we were looking at before now. They're trying to reclaim this seems more like Here a small pendant Okay, so careful because On the break of this 10 21 And when I went in 50 we can wash into the jails So I took out a little bit over here 10 23s And now I'm looking for this last Dip if you break this dip I'm getting out all the way. Okay, so I'm only only one fourth So you see the week down. They're selling over here break of the pendant very simple pattern, right But also very effective and at this point Exactly this point Which is an error, okay I will be looking if we have a a good level of support where I can add to my position So my position is over here 1003 average I took partial all the way up And now if we have this area and I start seeing over here some consolidation Bounce I will jump in and add to my position So then my average let's say 10 15 and then 0 3 will become 10 0 7 10 0 8 and I'm going to risk maximum the 10 0 8 I imagine also Joseph your trading room Um and traders there are also doing a lot of research and finding and filtering Um and sharing information Yeah, yeah, because when in the morning for example this morning We had something like 5 6 small caps yesterday even more like 10 Then, you know, it takes really a lot of time to do the research, especially the fundamental research Uh, even if now there are like some apps or website. They give you like the stats Uh, I mean in a at a glance you still need to do your forecast and everything So you require a lot of time to do all this So having a team working together it makes everything faster or even more precise Sometimes it's about minutes, you know Yeah, I mean it's so imperative, uh Else you get stuck in a dog and You know, uh, that's the one you chose Uh to trade and it doesn't go anywhere Exactly we recycle that exactly So we have over here the dip at 10 15 now. Let's look at this 10 15 traders We'll give us any kind of possibility. Yeah, this is already a possible recycle area So we're at 10 16 to 16 and 50 risking 10 15 You can start nibbling some like taking a starter And then we can look for 10 20 and then looking for a bounce. Okay, this is already the area And why I say that because this is, uh, Fibonacci, uh, mathematical number And over here we have the order of flow that It comes really at that 10 15 So we have more things together and uh, and then we have another buyer Pushing now. I wouldn't be surprised if we see another buyer over here So you start your trade at 10 16 to 16 and 50 always trying to buy the bid Don't try to have a market order You'll get like really rapid fills Yeah, just if I really like um, I mean look at the heat map here and how they're pulling and you know It's showing all this information On on book map there You know should go up, uh, at least test the high there. Um of that swing And uh, and likely go, you know above it here. Um Yeah, due to that heat map there. Well the one thing that um, it's kind of uh, uh, Unfortunate when because it's aggregated data in the candle, um, you can't quite see if that area got filled or not In the heat map, uh, which which kind of uh, that makes it a little more challenging You'll see the candle come in and it just looks like it looks like You know it was pulled but maybe it wasn't Exactly So, uh, you can also put traders, you know, the the volume dots over here to see Um, the the volume traded Uh, I personally just I'm focusing for you right now over here in these webinars Mainly on the levels go support resistance With order the flow heat map. So to keep it very very simple And to show you the bars. Okay, these are one minute bars. You can filter 10 seconds 30 Five minutes, whatever you prefer Now start looking at this part section over here Each bar is making higher low and now focus instead not on the bars, but focus on the dots What do you see over here? Which color is the dominant color? The blue. Okay, you see that all the big dots over here are blue And also we have more blue than versus the magenta. This means more buying pressure Okay, that's super super super important Now take a look at down here buyer buyer buyer Buyer so a lot of buyers Okay, so that has to make you think wow, they're stacking so much of the bit down here. What why and what So what they're going to do and why do they have like uh, any kind of Reason to do this. Maybe they want to push that again Or they simply for example covered is not a cover. It's like, you know saying an hypothesis over here Yeah, and the the that's where the price action is going to tell you I mean you see the uh, you know the green candles Exactly exactly Now we are inside this previous trading range. This is strong. There's really no reason over here If you long why you will sell at least you want to see a first red bar or a break of a previous low Amazing price action today on this amazing price action Uh, Joseph, you may just just for kicks Click on the microscope icon the fourth from the on the top there like, uh Uh in bookmark. Yeah, click on that and then go to uh, no not that one the other one to the left of it So close that one close that one. Yeah Yeah, click on that and then go to um, yep, and then go to volume dots and then Uh, play with the transparency. Maybe that is helpful for you kind of gives you just a little bit of an idea Go the other way It should should become More a lot more transparent almost to the point. It's very faint. Um, I guess it doesn't I mean if I if I bring it over here. Yeah. Yeah, I'm just trying to like, you know, just hint at it. Um, You know, yeah, it could be useful. Maybe that helps Yeah, could be useful. Good. Good. But good one, buddy So look over here now. Trader. We made the first lower low So now you have to use this lower low as your risk for for example, half of position So if you break this lower low Get an out half of position, which is over here If you continue the next target area that I will be looking at is this 1030 which have a big e-mail over here This one and then 1033 why because we stalled one time second third time over here. So we have sellers up here Let's see for more and right away rejection big selling pressure on this one so we got Three main sellers over here between 27 28 So that's your first exit 1022 That's your first exit traders The 1020 support Always look at those whole rondle numbers Still making iron lows. Let's see So break of the previous bar high It's time to try to push it somebody's jumps in and sells for this range 1022 1025 1026 actually Now what I'm doing is looking where's my last trail at 1015 why I want to give it time to To work We can have a letharality today consolidation But remember we are not good uptrend with target 1050 so we can have more More follow More run over here like that runs 1050 today That's my main My main plan. Okay curling and breaking out over here This is a good level for the entry 1025 1026 Breakout and curl beautiful So target right now 1030 we said before previous resistance then 1023 1033 sorry Still holding this level of support So there's no reason over here why to sell targets this and this I'm solid in and pushing You see 1030 Think we're gonna have a nice breakout traders And then target 1033 So I'm saying with idea that we're gonna have this 1033 At 28 we're almost there looking for breakout Some juicy resistance 25 000 at 1030 Then we are a breakout one at 1030 coming Yes, he's also pushing You just need patient traders in these moments Don't sell too early when you are liking a good position Dip again 1023 so over here fail to push fail to go breakout We're still holding the position risking the j-lines Now bring in the trail Into the server here between 1016 and 1018 So raising my trail So why because jailers are simply uptrending for now So they want to risk more than that Holding again the support nice juicy support over here relative juicy 1022 1023 So some liquidity came in the previous support Let's see if we're gonna bounce more Still bouncing so still holding a position Okay, so look over here We're making a possible wedge So now that we failed to go break. I have to revisit my pattern So we possible to have a wedge over here So here we have heat map 1020 and another bounce Are watching again tesla the new highs over here. We are the j-lines dip Okay, has that bouncing up again This is what clz is doing So big selling pressure this level this level Yeah, the red and the blue is like the green Okay This was over here this morning. I know to me Or are you working inside over here? This was in here Yes, let's have to check In the red or the green here Great Do we know? No Okay The red one Everyone's lined up under this No, I mean, what do we hear that we enter above or? We enter above All right, so then we're Joseph how much how often do you trade tesla? Every day every day Every day keeps the doctor away Basically tesla is one of my main products. So I start looking how To trade a long time ago And I believe that if you want to be a good trader you have to get specialized on Yes, some stocks in this case if you want to trade stocks or crypto or whatever But you have also to choose a couple of stocks that you start learning how they move And start learning everything of them About them So tell is one of those tesla nvidia before was netflix Uh, but now netflix besides the last few months before was a little bit choppy not that volatile Tesla is always volatile. So you always find range possibility to make money if it's too expensive We'll also have options apple is also good nvidia is also good. Those are my main ones So it's kind of core uh go-to uh stocks, um, and you know kind of revolves But uh, uh, and that also gives you kind of a tone of of the market And then you have your small caps Yes, exactly exactly because right now i'm trading mainly, um, cryptocurrencies stocks Um, not futures because I let that be over here do it But the same strategy applies to futures as well Uh, so i'm focusing more on big caps small caps and options and cryptocurrencies which is The we say the the main plan for now is that is that? Uh small caps since the last three weeks. We have a lot of volatility a lot of gappers. So they they came back Big caps we've seen a lot of volatility as well. So big moves tesla Facebook netflix they really move very good. So for me, these are the best opportunities right now Yeah the Yeah, there's some things I'd I'd love to show you maybe In the crypto markets, um with book map book map data In the multi book, uh product to get a little more kind of objectivity into The price you're looking at in crypto because you know, it's a new new Well rather new market and There are many exchanges Yeah, and they have varying liquidity as well as varying well and transactions, of course, but uh, also Price levels can even be different. So Yeah, absolutely. I I see that because I have many Many brokers and I can see on different, uh, exchange. I I really understand what you mean. I really understand And uh, and also you have also there like, um, non liquid payers or very liquid payers So it really depends, you know, or when you want to focus on Yeah, yeah, exactly. So, uh, I mean, I'm sure the industry will consolidate over time, but uh, as it is Um, we have this synthetic instrument that it's basically like let's say bitcoin for example, but you're looking at Five different exchanges all within one instrument So it makes it a little more objective compared to just one exchange Yeah, yeah, absolutely Uh, David's asking what kind of options you look for. Um, uh, options, uh, day trading mainly So I stay with, uh, you know, these, uh, tesla, netflix, apple, nvidia, uh, baba What else, uh, generally these amazon google generally these options over here I need to be very liquid. I don't want to be me and the market maker I want to be me Market maker and also the traders. Okay, otherwise sometimes if the stock really moves fast Only you the market maker you will have crappy fields. So never trade options, which are a liquid never They will simply kill you trade against you volatility and everything's time decay So you need a lot of volatility, uh, tesla over here if you trade this morning at 10 30 In the last few hours was pretty good Or even the 10 25 10 20 put So I don't suggest you trade puts over here today on tesla, but At least for now those were very liquid. So stay always with the liquid contracts That's my that's my opinion Okay, um, but how about, um, you know, what what strike prices are you looking at, uh, out of the money in the money? David's asking about what kind of uh, you know, expirations are weekly or monthly or you know, multi month or And how many what kind of uh, uh, delta ratios or Yeah, you're looking at so I always say, uh, I always follow first of all down the line stock So being that I trade, uh Tesla or whatever I'm looking first of all if This day the stock is trending otherwise, as you know, we have our See over here We have our stock that is moving like this And this will be our option That moves like this basically So over here, you're still like or break even a little bit of gain Over here, you're like on the break even and losing Time decay and volatility cut So I'm staying generally with the first in the money or the first out of the money So that's a really it's a general idea Uh, but it works very good if you do day trading and I stay let's say now the price 10 30 will stay with the 10 30 or 10 35 Puts it will stay 10 30 or 10 25 always looking for those, uh Around the numbers beautiful breakout over here. There we are tesla still pushing and, uh I'm uh, I'm looking mainly at that very very simple. I know how they move these options and, uh Simple as that There we are. That's the big buy over here on tesla. This I wanted to see Finally amazing new high of days 10 50 next target Still have one fourth, but that one fourth is giving Great results you can see over here the pendant that we were watching we had the pendant breakout so good And now traders we have really No sellers. I'm at 10 40 over here Uh, we can have possibly to go this 10 50 easily Well, what a what a pattern what a pattern over here. What a pattern. All right, you can see these They still didn't get these but You can talk to them. Yeah I I really liked I mean, I recalled you um several months ago. I think you had said that, um You know looking at your your core positions or your core Instruments like like tesla here and understanding them really well But uh, you know, you might only get One or two big moves per week maybe three Oh, yeah, and you're watching and waiting for those but they're in between You can go with your small caps and still trade the way that you trade with your You know momentum moves and then pull backs pull back strategies to your Moving averages or your jay lines Yeah, really really nice. I mean so you can always be trading basically Yeah, the point body is that uh At the end you will become like this, you know, you won't see anything Because you stare at cars 10 12 hours a day maybe maybe even more if you trade different markets Yeah, and you need a lot of patience So the point is really you you become blind So I really suggest traders to from time to time take your five minutes off if it's possible Maybe midday reset go out 30 minutes Because otherwise it seems Not the big deal in the beginning But trust me when you start doing this job for years and years and years and decades Then you really need to I would say In Italian we say centellina del tempo means like really to Use your time in a very precise way So don't throw away your time dedicate two three four hours a day at your charts But also you have you need some free time to reset. Okay You cannot simply go away on something like that's like this because you can recycle But let's say if you took the position over here in the morning At these dips over here or this dip over here You can put your stop loss and then let it run for example with the trailing or having preset targets Yeah, yeah, it's It's it's true. Uh, it's hard. It's it's hard on us. Um, a lot of waiting a lot of watching a lot of stress Uh, and uh I cite and you're a young man and uh, you know, uh, it's taken this toll I serve I serve this show Good trade David. Good trade. Hope you're still a whole partial Well done, buddy Well done now We have to change the plan because before we said, uh, we're trailing with the jailings over here Then we're trailing with the jailings around 10 18 and I'm treating you with the jailings this support level over here This is the relative low And you think oh, wow, this is 1024. This arrived 1041. Let me sell on the partial over here And maybe this today gets to 1200. We don't know it So for me is by the time let's say we get to 1200 And we sell partial partial we'll have like what one cent left That's already one share left. So I cannot do that. I need to respect my trailing At least I can take a little bit of partial if you break this Relative low So I have one fourth left. I can take one eighth of my entire position out over here And then the other one eight if we break for example the daily because right now And I'm talking seriously Maybe better watch on the five minutes Okay, because right now everything started from yesterday Here And we're up This move went more than 100 points so Partials are good because if the trend is like We say choppy or fast reversal you need to get partial out. Otherwise you won't make any money but Cutting in the money so skilling out and not recycling not re-adding It's also bad because you simply Lose a lot of possible profit over here Okay, so Trailing is the second thing that I tell all these traders that you need in order to become successful Really nice joseph This is your risk management and your money management Yes, yes So you you're mixing that together with your high probability trading strategy But I don't believe we'll have a fade bruce. I can be wrong but you know Midday having this big volume spike, which is This level over here. Okay. This is the volume traders that you want to see and this is the volume this this This is not me and bruce buying. This is a huge amount of volume. Okay. We trade over here half a million For $1,000 stock This is a huge buyer Or maybe even more than one All right, but that's lovely And I believe that somebody over here maybe got even sure squeezed. I believe that yeah powerful move powerful volume So now This is the previous high we could dip into this 10 34 10 35 and then push a little bit more The point is always where I can recycle. I like to recycle and dip So I'm not really recycling over here even because if you break this turn 34 10 35, boom We can wash So for me always buying dips here here here these dips So joseph, can you go cover that again on your options? Play you you're already looking for the momentum to be moving So you don't get that time decay and also just like, you know, like you said, maybe the stock is flat The options going down Mm-hmm. Yeah, just one second. I will share over here tesla today And let's look over here this 10 30 All right, so we can do like this Just for a second Well, this is the option body on on tesla We can cut over here This I really don't need and this I don't need and this I don't Need need over here. Okay So very similar, right? Very very similar And it's very simple when I start seeing these dips over here On the stock I start looking at the dips over here On the option very simple And of course you have to sell always options on strength And never on the weakness or on the pullback So you're still looking for these options like you're looking for these pull your your pullback to moving averages strategies Yeah, because then the option move the same I started before trading options and the cover warrants didn't stock itself because my account was very small When I started and I was uh on the european markets was 1920. So I had a very small account And I could buy cover warrants that move like option in the states For example on made it set banking tesla Generally, and if the stock was moving, let's say 1% option cover warrants could move to any 50 100 percent The only thing they were more illiquid That versus the option that we have right now in the state. So for me is Like, you know, now it's very very easy to see how they move because I always had the idea to move Another price versus the stock itself. So I can correlate very good the levels Yeah, it's just uh, it's tough Because if you have a smaller account, uh, you don't have the 25 000 for day trading You can build it very very good exactly exactly exactly exactly and uh, I If if I can traders if I can uh, we had uh Two traders over here with a very small account and this guy big daddy He started with a 500 dollar account and got to 700 7500 And then another trader, uh, who is basically moved from 500 bucks To almost a thousand bucks in of course, we took time. He did one year of mentoring But I was able to do that. So with a small account, he really grew a lot uh And mr. E from 3.5 k to 100 k in one year in my mentoring program sharing all the trades Results from the broker, etc Tesla this I wanted to show you while tesla over here. You see had a move And it's simply the previous I look the time decay over here. This is how option to This is the previous high. Okay. So ideally you would think oh, wow, this has to be a 30 No, look, you see the difference between this level In this level One is the previous I previous I Okay, and this is at Below the previous I this area over here. So that's how they move option. That's the reason why you cannot simply Uh sell option the weakness Yeah, good good point It's where it gets tricky Exactly Okay traders. So 1130 any other questions? I like is saying that's why you came to futures, uh, which makes good. I mean, that's exactly right. Uh, also crypto You know where you get the leverage And uh, david's knocking it out of the park here So, uh Yeah, good stuff david. I love seeing it and thanks for sharing just just great stuff Um, yeah work buddy Uh, no, I think we're all caught up with questions, uh, joseph. Uh, and yeah, thank you. Thank you very much Okay So traders, uh, any time you need, uh, write to bruce is as always available 24 seven as you know it So please deserve in during the middle of the night for your time Yeah, appreciate that. Yep. Thank you, joseph So thank you very much everybody and thanks for being over here. See you next week Thank you bruce. Thank you book map and have a good one. Thank you traders. Bye. Bye. Bye