 All right. Sorry guys. Yeah, now you can hear me. Okay. Good. We're all set So, okay, so welcome to the the live trading webinar today with Jay trader Joseph stocks trader he'll come in in a few minutes and The it'll be live trading as he does every Wednesday This is part of our educational course or our webinar series here and he does offer Mentoring and in education so you can reach out to him I'll put this into the chat for you. We need to go through the disclosures It's important. You understand exactly what's going on in here with the disclosures. So please listen the general disclosure all bookmark 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 risk disclosure trading futures equities and digital currencies Involve substantial risk of loss and is not suitable for all investors an investor could potentially lose all or more than the initial investment Risk capital is money that can be lost without jeopardizing one's financial security nor lifestyle only risk capital should be used for trading and only Only those with sufficient risk capital should consider trading past performance is not necessarily indicative of future results. All right So we will wait here a minute or a few minutes here before Joseph comes in And let's take a look at these markets here and see what's going on We're looking at the S&P E-mini guys. We had them now. It's data here. That is the driver No question about it is the CPI However, you know, there's a few different things going on in here in the bigger picture That we've talked about all week long so far and And also last week all week long. Let's look at the bigger picture here We drew this line in last Monday not not a few days ago, but the week before And we're looking for a test up into these areas here. This is where the sellers are up here and we see the tremendous drop We see that some strong buying coming in to test this area here. Well, we've been testing it And then we can also look at The structure within this daily chart in here. Now, obviously, this is a bit of hindsight I thought what was going to probably likely happen was we're going to test up into here We're going to find some sellers because there were sellers here previously. Well, we found some but The the pullbacks here were to these kind of previous swings down here and above it structurally we are in an uptrend Hey, we broke above here, but we came back into the range You can see this wick here and the buying pressure in here. Let's look at back one month You can look at this wick here in the buying pressure, right? So What we're talking about in here is that there's still buyers in this And we can see the move to the upside here now. It's on data All right, this is CPI data today and we know that the markets are extremely sensitive here to what's going on with inflation with the You know consumer sentiment the CPI GDP etc and well even the the employment numbers etc a little more convoluted there because of the employment numbers being Very very strong, but kind of recessionary environment here with GDP Contraction nonetheless What what ended up happening here was the move higher We had outlined What was it on Monday? I yeah, it was on Monday way up here. We outlined this this was a 4174 up here And we noted a lot of icebergs buying up there And well, they're in profit if they didn't get out on this move down Well, and there was quite a bit. There was quite a bit. There was you know, 10 11,000 icebergs on the way down Anyway, if they're still in it, they're certainly in profit now. We've tested 4204 200 so let's let's take a look here and You know just the the overall bullish structure here is what I'm talking about Even though that we're up into these areas on that daily If we look back and the sellers here the buying pressure is above it now good question here Is the swing up here at 4200? We're watching closely here, right? And we're test we already tested into it here as you guys can see And we've slowed down here quite a bit All right, we see some icebergs in here now to on the other side quite a bit Quite a bit still buying here. This is really turning in quite a battle here at 4200, right? So you can see it here and Here's the here's the data and I Mean just it dwarfed anything pre-market You can see them pulling no one wants to take the risk before the numbers come out Pulling across the board pulling across the board. Here's our spike. Where did it go? To these guys that stay in the book up here at 4185 we get a bit of a pullback to some of the high volume nodes in here And and we continue on up to 42 42 hundred the figure and we talked about the figure and you know Monday was frustrating yesterday was a lot easier And now today we have the follow-through from that frustrating day on Monday And the move to the upside that we were kind of looking for on Monday So anyway, let's let's read the order flow now and see what's going on And then J trader should be in in a few minutes or so Okay, so And let me know if you have any questions, right? So yeah, we're Let's see here We'll start off with who's in control. We talked about this yesterday. We had a good discussion about it. So let's just start right there and Look at different time frames in here Okay, and this will just zoom out. Obviously who's in control of the buyers here for the day No question about that. Okay on up into 42 hundred And now let's take a look at and kind of zero in on some smaller time frames some selling coming in here Buying coming right back. Hey selling coming in And now Where are the buyers? Hey, we saw them earlier The sellers are certainly in here and sellers are in here again to a bit of buying in here So this is not really we don't really have a clear picture They're selling there's buying they're selling there's buying. Let me mark them up a little more clearly This is a nice move on the sell side Okay, and it continued And then here we got the buyers that come in Okay on up here and then we see the sellers come in here again Okay, and then here's a small bit of buying coming in here All right, so look at the dots look at the bars That's what we want to understand and then moving price away from an area. That's what we're looking for Okay to determine who's in control Okay, moving that market for you volume profile guys, you know you you You're looking for trying to establish outside of the profile a new a new range a new value area Okay, and we're right back in the middle of it here And so that's the condition right now And we don't really have too much insight here Okay, we're just marking it up and we're reading it And we know there's a lot of liquidity here at forty two hundred oh two oh five I think ten as well. Yeah up at ten Okay, so Let's say we'll just continue to watch this and we look for someone to take control and move it outside of This profile of this value area. We're right in the middle of value right now You're right smack dab in the middle here This is the high volume node and it's just kind of going back and forth in here right now All right, so That is the current market Okay, here's some exhaustion. Here's some sellers You know, maybe they can move it down in the short time frame down to here 90 maybe a little bit lower 88 See I'm trying to move it away here, but this is we're still in the range here So maybe it's just a test down to Kind of these areas bottom of the range Okay, some high liquidity coming in at 95 Yeah, looking for sellers to push it down to about 90 and maybe 88 here actually that the swing is right here at at what 90 It's 90 90 and three quarters 90 and a half something like that Okay, there's our move into 90 Let's see if there's still more selling pressure here. Okay down to 88 All right, so we don't really know what's uh, you know sellers trying to take control here This is a good if you're you know a good trade management strategy now This is not trade recommendation. Just make sure we get this straight It's a good area if you're you know We're looking for taking this down to the bottom of the range take some profit Okay, if you're looking for a runner move your stop to break even Or you can you know since we don't really know kind of who's in control in here This is a great range bound trade to the bottom of the range Take take all your profit. These are considerations You know, you're trying to read this and ascertain who's in control who might be moving this market and You can see we didn't get up here to this previous swing here So it kind of gives a nod to the sellers here for them to kind of break this range and try to trade back down to about here 85 or so this liquidity here. Maybe even 80 All right, so if that's the case, then yeah, you'd be looking for your runner here All right, so it's just we're just reading the the market structure the swings and the order flow within it Okay, the transactions within it and also the auction Okay, they they they offer down here at a lower level around 95 and we see we found sellers here They're doing it again here Right now around our 90 level a little bit lower 89 and we're finding some sellers here to to All right, you want to take a look at Apple? Phil sure, I mean we can take a look at it, but we're gonna be going through J-trade is gonna be going through a lot of stocks and let's do Let's just zoom out here Let's take a look at Apple all the way out and then we'll look at the S&P and we'll zoom all the way out too Okay, so And just comparing here Good morning Bruce. Good morning, Joseph. How are you? Good morning, beautiful buddy. Good morning traders glad to be over here. So what why don't you? We're very glad to have you so Let me see if I can grab your stream here there you are and We'll pop this out great All right, let me know when we can start Yeah, we're all set and oh, let me get rid of my mug here hold on Much better, okay Go ahead, Joseph. Take it away. Okay. So good morning traders Data this morning. Hope you are looking and You are waiting remember what we had that two o'clock the data over here. So CPI Big push on yes, big push on the market. I was already trading at that time and I was waiting to see data which came around 2 30 If I remember correctly, yeah, I believe 8 8 30 East Coast time. Yeah, sorry my 230. Yes, exactly your your 8 30 And we say we saw the same push. Yes Bitcoin, Amazon, Tesla, Meta, the world market pushing very strong so I was watching and I couldn't grab a field over here and yes was super fast and At the same time I was on all of these so Meta Amazon Tesla and then we also had some small caps I like these moves, but then of course I need to enter in the pullback and over here the first pullback that we had Was just this peak over here around 41 89 into this main support and then this morning We started to consolidate over here We had two long setups over here and at the same time. I was watching Meta. I Was looking at Tesla which faded I was looking at Amazon and I was looking at Baba So I would like to start over here with Meta and Unfortunately, I was not able to take to take this setup. It was an incredible morning Really great morning, but I missed two obvious trades One is meta that I missed in one of Tesla two of the best stocks that I'm trading and Let it give me like the best results So morning push Pop out of the gate 176 and 50 Morning push just below this high liquidity area on a book map at 177 We've made a low and then a lower high Well, this is a clear entry setup for me The reason why I didn't take it the reason why I missed it Well, I was busy on other three stocks at the same time So we can call over here the first high Lower high This is our high and then we had over here the lower high And then we start like to fail on this main support Number three and then over here start forming higher lows number four Just over here. So you can see the same structure You start seeing over here Sellers look these great dots. These are my sellers And then over here some buyers will be here the dip around 174 174 and 40 more dip over here Into this low at 174 and then we start seeing really buyers Exploding over here on this pattern and this pattern over here is A reversal pattern. So we're forming over here Always lower lows, but at certain point we start forming higher low This is what you can see is a I call it a reversal three way pattern one two Three we have over here this last curl break of the VWAP This is the pattern push over here 174 5 and 60 and then uptrend So the long that I missed was exactly this dip in ceilings was simply perfect Exactly with this high liquidity area. You can see over here the soak and then start bouncing with the formation So the three things that I like to have when I'm taking these dips is J-line dip or VWAP or a daily support or a fiber tracement and Then we're gonna look for pattern formation We don't look for absorption ideally absorption on book map and then we're gonna look for tape Pushing so I want to see like for example in this case dots formation I Want to see over here green prints When I say green prints mean like buyers, okay stepping in the tape and then I want to see the last thing set of higher lows so this is An ideal setup that we had this morning and Then big push over here came up five points five points on meta Beautiful beautiful beautiful beautiful setup as I said I missed this this morning, but very glad about the date Now we had and we're gonna watch more if If Mata will give us other setups So nice wash out over here No trade for me yet. Why because we're still below this trend line I Want to see more consolidation over here and then I start in a curl and then along over here Or we get just into the dip in this wash out, but the why is over here reason to wait So below the view app, so let's continue to follow over here the price action some resistance 177 you can see Just a rejection into the area of the view app We want to see a reclaim of this level of view up consolidation then push You can see sellers over here, right? So sellers they're placing some 177 was a 709 so somebody wants to get filled More as 177 21 then we're also gonna look at Tesla. Remember the news Elon Musk said that he was going to sell shares in case They had to pay for the For the Twitter deal But for now, let's focus over here meta. So first breakout. I don't enter in the breakouts I always wait then for a dip some support over here 5,000 shares at 177 0 9 So that's a very good first pot. We were to take a starter 177 15 and just risking that 177 10 you can see over here now that the bid went away So when it goes away means you have to put your stop break even and this is very important analyze Where we have the buyer All right New buyer over here came 177 30 and then right away. They sold into it And again, you can see traders everything started from here Breakdown of this main support of 176 and 20 Wash out reclaim of the level and then pushed upside Now we can see still buyers, right? So remember he took the position over here on this dip Then you're putting your stop maximum break even Always sell a first partial to pay yourself more buyers 176 177 26 They're trying to hold it and they're starting to curl over here. You can see this 177 and 50 There we are curl breakout and that's a push Next level of resistance 178 so up here and now if you're in for example You can trail half the opposition with each relative. Sorry each relative high. Okay, so Low, so low high low high low that is your exit for half the position And until we start seeing these higher lows We're gonna hold the entire position so right now. This is the level You can see I like this because we're still making an uptrend. We're not breaking The slow so that is right now the risk for 50% in the money This is the 90 may so is growing up So over here in the 170 760 so probably somebody wants to take Get filled. Yes buyers in you see one second. They simply bought him out Nice volume over here Now raising again the relative low trail that is our risk For 50% They're still holding this dip. Just look over here the 177 40 New buyer coming over here. So they're trying to hold this micro support You can see in the pattern formation over here. This is your pattern formation It seems like this descending triangle over here So a possible continuation of the move Or trail for half position below over here 177 40, so we're talking about risk management today How to manage a position? breakdown 177 40 and Once you have the breakdown you have to be quick if you don't have like a trailing stop Set with your broker and then that remaining part you put the stop to break even in order not to Go from being green on a trade to being red and stopping out another watch out over here So a fast Breakdown and then right away reclaim in this case of this 90 may the 177 and 90 may buyers again in but if you are long on On this trade before once we get to break even stop immediately always have your protective stop in Some moves like this will go all the way up like we saw before some move will be only small scalps I'm not gonna trade anymore for today. I'm still holding short cl wt Still holding short ssnt So we'll review after what we did on the small cap land We're gonna follow over here the entire process and risk management on big caps in this case meta Joseph what type of Floats are you looking for when you when you're trading your small caps? Everything Everything everything everything so the best small caps tend to be if we're looking for longs between Nanoflow so below one million to 10 50 million Floats then between 10 and 30 million tend to be the best for shorting But everything basically really everything this morning. We have two small floats relatively very small floats Which are beautiful faders beautiful faders We still find buyers over here just look at These dips they're holding dips every single time We have this holding the dip popping holding the popping so We have still Buyers on this tape. That's my main point. Okay through this price section. You can see over here that we have buyers They're looking for a breakout over here 177 80. So let's look at that or buyers coming over here Possible break an incoming And the major liquidity is 178. So our resistance 178 Which is also the level over here at the previous high This setup was a really beautiful this morning bruce perfect dip Really a a mess over here for me. I was not able to take it But beautiful long push. Yeah, that's that's picture perfect for you But you were in already like three or four other positions Yeah, it's hard sometimes to manage everything and so there always will be some missed opportunities You know, so traders just simply accept them It's it's normal and just go to the next one and next one And don't really focus back over here if you miss an opportunity Yeah, you're really good at that joseph. You don't kick yourself. You just move forward I mean the market is giving so many setups. So I don't believe You know, you won't get an extra opportunity even in the same day or the day after just, you know, we have to have patience And that's for me the most important thing Yeah, I like to take these longs this for example was Two days ago in video then yesterday we took in the same way and vex on that big earning miss And this morning we had the same kind of washout over here the same kind of first dip and then push over here meta Meta that if you look over here on an hourly chart on a daily chart, this is a beautiful beautiful really bullish stock I mean the next target Is going to be this 181 183 area so we have the Really the possibility to go to that area Now let's follow over here 178 12,000 shares 11,000 shares But the tip is still strong They're still holding over here And until we start making we continue to make These higher lows We're gonna follow the trend another dip over here in this micro support 177 and 50 Another dip let's see if they're gonna reclaim it remember traders when we have these dips doesn't mean it will fail Generally these dips in an uptrend are levels where I like to buy So on the reclaim for example of this 90 may On the next bar or sometimes you'll see a formation on three bars. Then I start Re-entering into the trade you see over here again So they make seem over here like if they're gonna break down and they're gonna fail and then they're gonna reclaim it That's the reason why indicators are a guide. This doesn't mean that indicators are Um, I would say the perfect timing or spot for your entry For example, you can put a 13 ma a lot of traders are will be using the 13 and you can see over here Even the team we go to dip you can use the 20 So different approaches, right? Just use it as a guide or don't use even nothing And just simply have over here the flow that really helps you out especially on this transition So you see over here the major sellers, right and then over here we start seeing buyers and that's Exactly what you have to look for I like these curls this continuation And now we're gonna see if this is gonna go to that 178 or we'll start to make for example or highs lower lows It's looking at something else to be here popping out in the scanners And again the approach to 178 is coming When I see something like this, there's always some traders that ask me, Jay, should we short now at 178 because we have that heat map so We short when there's a pattern So not only because I see a heat map over here. I want to short imagine that you are long over here And being that before there was a resistance over here You decide to sell partial of your trades partial of your position over here at 178 So you will be staying over here on the ask waiting to get filled That doesn't mean necessarily that you're looking for this to unwind because you're holding still long And you want this to go higher to sell then 179 and then even 180 The same approach over here So for the fact that we have a resistance Doesn't mean that the resistance will act as a rejection and we've gone unwind All right. So we have to wait precise patterns for them reversing our position and even our bias Let's follow the trend until the trend proves that the trend is I would say in play Now what I see over here Is that a new seller jumped in at 177 90 So now they're like creating a wall of sellers. This is the first thing that I would say Puts me the idea that okay, we can maybe Have a more pullback over here to the downside, but then look what happened big buyer came in Well, he's a big buyer 50k over here on this main support So he doesn't want actually that the price unwinds And you can see over here now new buyers are stepping in And they removed over here so they bought those sellers And now they're gonna go for the break of 178. So you can see when The buyer came in The tape became stronger over here So probably and I believe I see this a lot in the market when a big buyer comes in I believe that they also take partials over here just to fuel the momentum up And then retailers are looking for breakout traders are looking for a breakout And then if the breakout over here confirms that we have still volume momentum to hold, of course This position I'm gonna grow into a bigger position So probably gonna hold and buy over here on dips that we have the formation and then push more up So let's see over here buying pressure can Go above 178 consolidated and then an extra Further move nice 178 And again Making more higher lows So strong tape over here Look all these buyers look this main support Something like this is just like a beautiful breakout And now the next target 179 looking in the hourly remember we have the major Supply area over here 181 183. All right. So if we are Um In the right direction If our analysis is correct if the order flow is supporting our thesis stay with the trade One of the main points that I always say Is be patient when in a trade and I want to bring up this one second And then we're going to go right away back this Stay calm when in a trade. Okay, so I will share this for traders in the webinar Stay calm when in a trade. What does it mean how many times we Get panic because maybe we are trading a little bit more size than usual And we want to take profit right away. Maybe we reduce too much our position I'm going to put this over here instead That is the moment to I would say Get all our patience that we have Focus not on the motion. So not on really the psychological part the following more the strategy Following this case. What it's a sequence of a sequence over here of higher lows A sequence over here of bars holding the 90 may and just look at the Lower time frame in the higher time frame Another thing that is really helpful Is spotting The main levels of support 177 80 178 178 20 So patience when in a trade Let's see if they're going to consolidate more at 178 I'll pull back over here 178 and 20 Remember, this is the support that we're watching. This is the previous morning high Let's see if gonna Hold this 178 and 10 and then push more This is not a A hard price section. This is a really easy price section over here. So dip into 90 may The main support of 177 80. So this area over here Let's see if they're going to reclaim over here the 90 may as well again You see they did they did this over and over and over Reclaim of 178 and 10 Another push over here. So you can see this bar, right? So when it opens it right away washes and then again push it and look the volume coming in Big soak So imagine if you would have shorted Before just because we had the resistance 178 Stay with the trend. So now what we can do it. We can raise our trailing So we're going to use this level As our guide for the risk So strong over here So we have all the Odds over here to go to this previous high On this breakout over here. We had a lot of volume You can see the volume over here that they bought it dip And it's this soak over here that puts the volume So really really strong over here will probably go 179. Maybe even 180 Never find the trend in this market. Trust me. Never find the trend this morning. My trade was counter trend on amazon I I share with my my guys over here I shorted this level exactly after this spike and I covered over here And then nothing anymore, but something like method this morning You cannot short. Let's see if we're going to form another higher low So that is the high of day That 179 you can see over here. We have some resistance 13,000 Looking for a breakout over here That is the catalyst Now when we have a zone near A breakout level of resistance Of course, we will see some short sellers jumping in near their resistance but also The price section will be attracted by those levels So ideally over here is where the price section will start stalling for then to check if we're going to Restart with a trend or start to reverse and what we're doing today is the entire process on risk management If you are in a trade what to do how to manage patience What to look for Until we have these higher lows You can stay in the trade, but of course Always put a protective trailing stop, you know marketing two seconds can dump And sometimes you will remain inside a trade without having a level of risk Always lock in partials as well So the price goes up start stalling Take partials. So pay yourself along the way. This doesn't mean scale out the entire position But always pay yourself So dipping again to the 90 may remember before what we had So was dipping and then came down around 20 cents started to reclaim Now for example if long this is a good level where to trail A big partial and then if we reclaim We can even have re-ads Like it happened here possibly here And more Sorry, Joseph on average, how many times do you think you I mean Scale into a I know it depends but Do you find yourself scaling in taking some profit and scaling in? I would say When I'm in a position I like to take profit so I'm scaling out but at precise levels Generally on a full-size position I will scale out to maximum three times And then the last exit will be my My main exit position Um, if I'm instead looking for more recycling shears And I'm a little bit more active that day. So I find more opportunities along the way to add to a position Then one maximum two I mean for me, it's fine, you know for whoever is above PDT rule But if a trader of course is below PDT rule then one trade Hold and until you have for example Or a pattern or a reversal setup In that case, of course, you are below PDT One time old but if You have the possibility to have other a plus setups to read along the way Yes, of course, always be careful not to lower too much your size of short Not to raise Too much your sorry your your average not to raise too much your average if long Because let's say I'm selling re-adding selling re-adding selling re-adding at a certain point Let's say this will be my average which initially let's say was over here So if we have a pullback I'm getting stopped out While if I hold the main position from here I can still be over here and manage with you know less risk And that is what we are saying traders again another reclaim Of that 90 may so it's doing this all morning Now don't really try to find a perfect ma because for example, it will be stocks where you Touch the 90 main bounces stocks where you touch the 13 ma and bounces and bounce Stocks where you touch the 20 ma and bounces So of course Every single stock will be different even from day to day Okay, just look at the price section. We form over here higher lows. Okay. Good. Now. That's the new relative higher low where to take the majority of the risk and we're gonna put this Exactly here. So this is the level We have one two three And four This is the way that you lock in profits So before what we said if we have a break of this level you take partial Now if we break this level you get out the entire position And of course if you instead look for a main bigger position like even swing We're going to use this as the main guide so trailing In this case also exits Are as important if not more than the entry itself Because everybody is always focusing on on the entry And it's it's correct. I mean, of course, you have to have a good entry and a low risk The better the entry the lower the risk and that means the bigger the size you can put But then you have to manage the trade and as we said before stay calm winning the trade Think always clear So now catalyst so the target Where the the price section the stock itself wants to go is this It's like a magnet now where we have Over here Where we attract really the price and you can see once I finally got there All right, so how many times over here you are faked That we're gonna have a breakdown and instead With order of the flow and seeing this pattern you can still decide to stay in the position. That's the main difference And now breaking this 179 remember the main target is one So over here Okay, the main target is 181 all right 179 and 50 Still strong still a lot of volume. Look at those breakers over here we had Around 300 k volume 250 k volume over here per minute on that breakout So that's very high liquidity very strong Now this is already a $1.30 move So you don't want to wait that this goes down $1.30 if you are day trading Of course, if you are swing trading is still a different approach But in this case We will trail a partial over here Why because that's the relative low that we're we're making When we cannot wait that the price goes down and we're gonna give back $1.30 on a $4 move Actually less sorry $2 and 50 move. I believe the first level over here. The was 176 Yeah, $3 move over here. They're holding the micro dip So now we're gonna put this As the majority of the trail So let's say we're holding over here 70 percent or 60 percent the entire position Two-thirds of your position over here On this break Reason to get out and then you just manage one third could be a 20 25 percent of the entire position They had initially So that in case this runs to 180 and plus you're still holding a partial So we're very far from this 90 may so let's see if gonna Have a fake out an idea to pull back to this level Even because we see resistance. No break of resistance is still a bull flag over here. So still strong But that level of risk is important Another push over here 50 cents incredible strength Incredible strength over here on meta. Yeah, good one joseph Well, it's it's a really good market really bullish good market has seen like already A lot of traders around That are Doing very good with the swing. So swings came back Uh bullish move came back You know for the last three or four months. They were only shorts Now nice bullish moves like this market was a lot Look over here. We're going to that hourly level Look this resistance over here. So they just went over there. They try to absorb. Okay, they bought Into this resistance and then boom clear out And they didn't even like consolidate it above. They're just like strong They're just like pushing everybody wants to buy it over here. So now they're pointing to this 181 184 area And why I say this is an error because look how many times over here. We rejected for two days So that is the area that we're we're looking at. Okay, so this one. Sorry this 181 And 183 area Really strong bullish more beautiful and uh and meta Does really these moves that day A long setup over here 168 and 50 and came almost 10 points up And this morning even more First we had the cpi over here over here at a 30 And then over here this morning dip 174 Now 180 We started the the pre-market very early 169 170 So this went up today what about 11 12 points for now Phil is asking if maybe you can look at apple or microsoft in comparison Yes, got playing this morning bruise on microsoft and amazon You said microsoft and apple sorry The plan over here was to look for a long. They are still lethargic So let's look at this one minute And they basically did the same thing amazon did They pushed into this pre-market high They had a fake out of the level and then they were sideways all morning So the difference is that On uh on made that we push we had a pullback and then starting pushing back up again But actually the first push we created an uptrend Over here instead we went back to the open level even below So a major pullback to a fib level over here Microsoft the same exact thing sideways action all morning So for example these were two of the stocks that I was watching this morning For a possible long scenario, but until now there's no a plus setup long I mean there was an a plus setup this over here But it's just a scratch a break even trade nothing more than that I was looking also at ba That work I would say perfectly This wasn't my plan over here too long perfect morning scenario over here And beautiful dips over here This is another one that is Climbing Pretty strong I like the price action that we're having on ba lately This is tesla instead morning shorts Some beautiful pattern shorts we had I didn't trade tesla Kind of a mixed bag Yep Yep So metis following Really good over here. Sorry metis has over here a very great daily breakout and high relative strength Others are still like as I said before lethargic. They're still like Waiting more momentum Yes Seems the photocopy of ba. I mean better ba seems the photocopy of yes if we compare it There's really almost the same And the best one that is following yes over here is ba and meta Really the two best ones over here. So right now we're forming another high low This is it 179 and 60 some liquidity above But what I think over here bruce Is that we're going to have another massive 180 breakout? Let's see over here 180 Now a little bit more supply over here came in Let's see how it reacts. They bought the supply over here. So they clear out that 179 and 90 They're trying to form some resistance, but this is very weak thousand shares three thousand shares So let's see if we're going to break 180 then target. We're going to be 180.50 They're testing the 180 support 179 and 80 And that is the main trail For the day Why because we had this first Relative low And we are having a breakdown to the downside of the relative low. So that is a major profit taking of the day So I'm looking over here at the price action The main support of 179 so this previous previous dip Before we had this price action So that level over here Is this level over here? Okay, let's change one second over here and I'm going to cl wt I'm holding a position short on this one. So we're talking about a small cap over here. Let's see The stats on this So we're talking about a micro flow three million Uh ssr on so short silver restriction We had a high volume Volume trader over here is three 33 million. So we're talking about the 10 times flow rotation. So 10 times the float was bought in low institutional ownership and uh No news on the stock. No news on the stock. Just want to see one second overview pollution and treatment controlled industrials market cap 11 million Uh financial this is the company we have five million cash And what I like are the stats because on nine gaps seven times. So we're talking about a 78 percentage Uh, we closed right on the day with average extension 23 percent. This is one of the reason One of the reason why we shorted exactly this 260 And uh, the average extension was as we said 23 percent We had an extension day of 20 percent This extension was over here Uh, we did all this in I did all this in the pre market Now my main point over here is to look if low volume continues to be low volume over here So we're going to hold for a major 170 or 180 target On book map We had a confirmation and this is the pattern that I trade general lately. So at the gate on these uh gap and extension plays We have an extension above the pre market high, which is this white level Massive volume. So don't really try to counter trend over here to short counter trend But wait instead of first lower high and generally you will see over here a supply here So some liquidity here that it jumps in in this case 258 This gives us a low risk entry when we have the lower high then I can start this I can decide to Start my position with the lower risk While instead I see a lot of traders. They're just shorting over here while the trend is going up Well, the stock is going up Don't enter early um I will share this also position on uh Later already share in the room, but I will share also on the socials The point over here for me is looking for these massive area Of sellers and how I can see over here sellers. Well, this is so easy sellers over here 258 Sellers over here 258. So each time this came up We had a good reason to short So a beautiful really price section over here this morning um But again, I want to focus with two traders on methods so we can have a full Morning session on big caps and the risk management to apply So we sat over here to get out the majority of the position if long why because of this Uh important relative low So you can see one here second third fourth fifth and sixth And look what happened. We went back to that support Remember what we said if we break this there's high chance we go 179 Previous high this was the high of the day morning and also we had over here a big heat map So all things aligned together Now am I going to long over here? No, why? Because we're still in this uh pulled back major pullback in this downtrend And we're having these bear flags So if we break 179 there's space to go 178 and 40 So let's follow right here the price action They're holding that 179 but there's not really That much liquidity 3000 with all what they bought over here if they want to take more profit this can easily unwind Uh at 178 and 40 which is this previous support over here This zone over here you see this relative low 178 and 40 179 so we broke that 178 nine Let's see a big soak over here around 74 000 shares Where I traded this pot 179 once yeah 75 000 shares 74 000 shares So pretty good volume So 179 you can see going below reclaiming going below reclaiming Even a fake breakdown over here So when I see these fake breakdowns If we start consolidating over here Prepare for our next move And instead we break this level Prepare for this unwind They're creating some support below just look over here and now We are with really no edge Sellers and buyers 50 50 They're buying this level. They're selling in this level When I go over to second trade of cl wt because we can have a possibly stuff And react to the short Uh look for this possibly 230 fake out and then unwind below 230 So let's see for now. They're holding Volume is simply very low over here But remember ssr means it can really push in few seconds over here even to 240 to 50 So always be careful when you have an ssr It's with the ssr though. It's like This this stuff is exactly how people get filled Yes The point is If we want to get in short At this peak risking for example, this 229 Then we have to shorten the ask Right, so you always have to short often before the move That's the reason why it's very hard. It's very risky So now they're finding more volume over here. So clear out that 230 So next level to us. This is 243 my average is pretty high This is the zone where I shorted and this 260 So I'm having 256 average And now my trail is 245 for the entire position And I already took partial profit here and here So a lot of times we'll see these Curve breakout spruce And then they're gonna fail more of it again We're at the open level and we're below the pre-market high by 1130 So it's still a good area for us to stay in short Using a correct risk management Yeah, it's really kind of interesting. I mean you can like Start to understand these ssr is really well and and be a specialist in them Potentially Yeah, because you know other people are just going to get killed Yeah, generally you get killed shorting these early from site Or buying these on the breakouts Hmm So this is something never to do never Short something from site necessary With high volume Different is for example, if you want to long Buying dips is very good instead on a ssr when we have when we have high volume Mata still did 179 over there really stalling the tape Last over here 10 minutes Yeah, great great read on the on meta Yeah system strategy or the flow management is uh, I think is Uh, the way to go please have seen the results from traders They are following this way to trade with with book map Pretty good liquidity over here Bruce. Look this 236 237 240 244 250 And just look at the support that we have below So really, uh A large imbalance over here, right if we put over here the cumulative volume Traders you will see over here now I don't have a just because I have too many up, right And it will simply use so many resources on my computer And also I suggest you not to use the same book map on the Computer that you have with the brokers if it's possible, of course if it's possible Otherwise reduce just like Uh the amount of windows that you have But over here we see a good imbalance Right, so let's put this for example with a cob over here And let's put aggregate So that is the imbalance The price right now is 230. All right, let's calculate 20 cents in 20 cents We have 200 000 shares in 20 cents over here. We have 74 000 shares So we're almost looking for three two one Supply versus demand Got it traders. Let me know if this is clear So basically what tells you it's weaker As a stock For the huge amount of difference diversions that we have between Supply and demand And there we go. Boom. So you see over here, they're finally dumped On that weak weak attempt over here to push And now we're going to look for what low volume Sellers in failed again on the vweb. Okay, let's see if we can have more and wine Okay, bruce 1130 any questions over here Let me take a quick look. Do you use hero the options? Um From spot gamma that indicator on stocks like meta Uh, sorry, sorry bruce. I can you repeat please? Yeah, so there's a uh one of our partners Has an indicator. Okay. Okay. I don't know if I have Shown it to you yet. Um, but I think I've talked about it and um, anyway, uh, yeah, that's what Uh, okay. No, i i don't use it over here And let's see phil Is asking about yeah phil. We're not gonna we've done this before in the past. Um, And uh, it's just atrocious. It's just a nightmare to offer a 30 day or even a two week trial of book map, uh with with uh data, etc Everyone tries the game the system. Um, and then say well, I had it now. I don't and I you know, I was away on vacation. I mean Uh, it's a nightmare. So, uh, it is much much better to Um, uh, we have a free version. It offers a very good overview of book map and uh, if you want more than that I mean you get all you get all the data actually, uh, you can look at stocks Is delayed you can look at futures is delayed in is and one cryptocurrency is free So, uh, it's a pretty good offering If you it gives you a good overview of book map if you want more then, uh, then get it So, uh, that's what we've gone with and I think it works pretty well, but I appreciate your comment there Uh, joseph. No other other than that. I think we're we're all set. Uh, thank you very much. Um, really really, uh excellent, uh overview on uh meta here and there was a day about um risk management, I believe So explaining how to Stay in a position when we have a good trend How to manage the position? What are the best levels to trail how to use book map for possible re-ads or looking for the supply For example, this last supply Um, that we had at the 180 when we started seeing like more sellers stacked so I think valid and, uh Valid lesson for for a lot of members today Absolutely, um one one question I had on these, um SSR stocks here so, um With an SSR you cannot enter short unless it's on the offer Exactly. You always have to have but you can exit um with a um a stop Yes, yes Like a stop loss Exactly. Okay. Yes. So so yeah, it's just a Really really uh interesting dynamic there to try to get people to get stopped out. Um, uh Yeah, yeah It just I believe requires a little bit more of, um Uh attention, you know Because everybody maybe wants to short the bid when you see like a good pattern Yeah, but then you realize that you cannot actually short the bid so you miss the opportunity And maybe you start like changing lower lower lower And then you end up buying the dip why instead you have to short the pop or vice versa You cannot really buy into the breakout especially on SSR because like we've seen over here what they're gonna do They're gonna try to Stuff a lot of times. So you're buying the breakouts. You're killed And instead you have to buy at least the bids. So sorry the the weakness you have to buy the dips over here and of course Much better if you buy also into the bid Yeah, yeah Yeah, it's um, uh, interesting one. Um, so no, I think that's it joseph. Uh, thank you very much Uh, and uh, we'll connect with you uh next wednesday Thank you very much traders. Thank you bruce book map. See you again next week. Take care. Bye. Okay. Bye. Bye