 The broadcast is now starting. All attendees are in listen only mode Good morning, everybody. Welcome to the book map professional trader webinar series today We have Jay trader Jay trader began trading at the young age of 18 years old still in high school Dedicated to it studying late at night. I was treating European equities and warrants covered or similar to options there a trading quite a bit of volume and over the years really has picked up the volume and Looking at level two time in sales generating 50 or 30 to 50 trades per day and You know, he's he's located in Well, I'm sorry. Let me back up there for a moment In Italy or in San Marino and he focuses on scalping and level two And I love this comment loves ever mentions that he wishes he had book map Back in those days when he was trading today Jay trader is focusing on mainly futures US equities and options in his main trading room at the Small-cap room. So let me go through the risk disclaimer and his contact information here and then we'll we'll just give it over to Jay trader and Let him go go forward here. Okay, so you can reach us at book map comm our Twitter our Support email is there our risk disclaimer trading futures equities and digital currencies involves substantial risk of loss And is not suitable for all investors past performance is not necessarily indicative of future results One more page here. Here is Jay traders contact information. It's all here There's his website Twitter YouTube page email and then the special offer link for book map That you can get special deals directly from Jay trader Don't worry. I'll put all of this into the chat for go-to webinars so that you guys have the links here And at your disposal. Okay, I'll put it throughout the the webinar a few times here. Okay, other than that Let's just kick it off here and give the presentation to Jay trader Good morning, everybody Over here Jay trader Bruce you can see the monitor right with yeah, I see I see book map in the lower left-hand corner Okay, perfect. So Glad to be here today traders. I will be explaining How book map is useful in my day trading small caps in the room, I'm trading also Futures stocks and options or large caps, but today will cover small caps strategies I Made some screenshots of what happened in the last week on Low-flow stocks like a be oh APTO OBSV TCCO still in play today and TGTX just this morning We were trading CI and we traded a couple position short from the tops and book map was very useful So with what I'm going to show you now you'll basically understand the reason Why I? Enter short and wear and they're short and the reason why you have to look for certain patterns to get long Let's start right away. So everything will be clear Over here. You have this is first of all How I use book mapping the room so I have as you can see in Netflix, Tesla PTI TCCO and CI alright, so this morning we had CC is CEI and How book map works? So this is the software Can be very Confusional if you look it right away like this at the first glance, but trust me it will be such a useful tool When you day trade It's divided in many comp by many components So the first one and I will say the most important are these levels over here this Orange level yellow level Let's say these light blue levels are called heat map Basically, they are the support and resistance in your chart the darker. They are all right The more volume they have so for example, let's scroll a little bit down over here. We see this Red heat map alright at this level to 50 and you can see the level over here on the right You see that this level has 76,000 shears on the bid so It's logical to think that when we will have a pullback from this high right to this support When 250 also half dollar number plus a huge amount of this like this They will probably make the price bounce and the stocks bounce from 250 up to 265 over here once this Has a secondary bounce It pushes over here 260 so you can see that this level of bounce over here Is not anymore as big as this first one. All right, which it went to 265 to 70 We have the breakdown of two feet and then we confirm the Let's say the the wash the small downtrend over here another thing that you have to learn and Right away understand in book map is That is a very representation of the tape so of your norm normal level two into Chart visualization For example, let's look right now. All right. We have price. This is live CI we have price at 235 237 The first bid is 1000 shears the first ass is 1000 shears What I also do is to look for an imbalance. Let's say that For the same amount, let's say 240 till $2 so 40 cents and 240 to 280 of the 40 cents over here We have an imbalance not really because we have cumulative over here on the right volume of 200,000 short sellers or Longs already placed over here to sell their position 200,000 Shears and over here on the bid and the support you have 160,000. So it's almost like one to one. So 160,000 one to buy 200,000 one to sell for the same amount of frames it will happen other times that You will have maybe four times the average Let's say four to one five to one, right? For short for who wants to dump its shears. So in that case, you look for a short position This is how you calculate the imbalance So now we can start looking at some examples of the past week So this is AB EO This is a gap. You can see that we had momentum We had right away over here an extension in pre-market from $3 to 380. I like to play gaps both long and both short So right at the open we had a wash Basically to the high of the previous day We held this dip over here and we started like pushing up with the high of 340 What happened next? So if you look over here on book map you can see that We have basically This 325 level so exactly Over here when the price from the V-web, which is this Ducted the red level Washes has a small pullback to this support We have an algal. So this is or an algal or a big hand trader Which can be an institutional trader can be somebody that is willing to play games with such a low flow and what happens Two things first of all in this area over here below V-web We will have a lot of short sellers jumping in We will have also long players stopping out and this is what basically the big ends want So they want like to scare you so they will dump the price just below the V-web over here And then they will put again this algal and they will push it up again. So in this case You basically gave away your short sellers Shears right you are short you're giving them away and then you start fueling that long More longs are getting in again and that big hand is trying to push and then this is what they do They they have a move of here of 20 15 20 cents. That's all they want. So This book map over here in this case with the red heat map 41,000 right away tells you that one algal is not giving the possibility to go lower But will basically hold Create like a wall of buyers Longs will jump in again short sellers over here They will stop above V-web and they will fuel this push. So is it clear that Bruce think is pretty Understandable, right? Yeah, very nice example right there and Yeah, exactly Right up into, you know areas and they're even pulling up at that 338 area there So let's see if you can get more buyers to push it higher up into, you know, maybe 343 Exactly, exactly. So often we can use that level you can use these levels as Bounce so I will put like my long for example 328 like 2 3 cents away from my stop, which is that 325 or vice versa if I'm playing short I will wait for this breakdown. Maybe a retest in short risking just that 328 325 level. All right traders. Let's look APTO. So this was one of the The main plays this week. I basically Just if you don't mind a J trader I'll interrupt you here for just a moment Just to reiterate with some of the traders in here How he managed that and where he places stop in why? Because it's down there below or at the area of very high liquidity Okay, because you know, he's looking for this move to go forward and you know to go with the the probabilities there and go with the Who's dominating the order book and who's dominating the the price movement? Exactly always look to trade in the direction of the main players There's always somebody that is playing the big game. Somebody is called like the big hand trader So you have to trade in that direction. For example, you have a stock that is gapping up 200% What happens normally? All the retail traders they will like to short because it's up 200% But if the big end player or the institutional Doesn't want to sell for example till we get the 400% extension You can show all the spikes you want all the tops you want all the pops you want and you will always be losing these trades So over here we have an example on AB APTO It's based on three examples. So let's put APTO Also, this is an example of Let's say over here. All right This is of the 9th of December So this is a first day mover. You can see over here We have a gap and right away in the morning. You get your scanner up You see that we have from 250 to 290 so like 15 20% gap Goes to 330 and then right at open what happens? We start holding this dip. All right holding this dip We start like having a curl over here and The stock starts trending right over here. We have a clear cup pattern This is a pretty nice breakout over here the lows to buy 310 315 Risking the slow and we start up trending Where both map becomes very useful over here Exactly in this moment. We have a breakout over here Of the pre-market eye and over here. We have 350 remember these 350 for dollars 450 half-dollar numbers or whole dollar numbers are the most important level when you're trading So look the price action We have a breakout right away. Sorry. We have a push right away of 350 to 350 washes Then we have another push to 350 washes In that moment at 1536 So exactly over here that we wash We started seeing that a huge heat map a huge haul go all right that is looking to push the price up Why is put himself over here? because he wants that the price will go higher so they manipulate the tape and What you can do you can buy just above this dip you long 350 352 this area And you're risking that low over there, which is exactly I will show it 340 because more than 30,000 Share shares you want to buy more than 30,000 shares over here 340 So it's like a support that you cannot see on a normal Chart, but they can only see in the volume and in the tape So the price over here starts going up and we have an extension till four dollars Again, we started coming down from these four dollars and look what happens again Another heat map comes in over here exactly at this price. So first you have this wash 350 and then right away at 360 we have 47,000 all right Exactly over here this level that tells okay. Somebody is looking to push the price higher. What do you do you long 63? 64 this year risking four cents and you get that move enough to make three three or four are return so risk like three or four cents and You get like 12 16 cents of move I'm gonna show over here So it Jay trader if you don't mind it I just wanted to point out a couple of things that are really really nice in these examples Just like you're saying this this imbalance in the order book And you see the larger traders coming in like this And you already have your higher time frame you know looking at that and You know like you said the these these larger players coming in and they're dominating the not only the book But the aggressive moves as well Exactly exactly moves and yeah, very I mean this is the context that you know that the insight of the order book the price structure and The the volume within that price structure that that is is telling you something here The majority of the traders Like I'm a technical trader. I know how to read the balance sheet I know how to read filing see if a stock has the illusion. This is something I teach But when you get to a chart Then you need always the price action and how you know where the stock will go you need price action so you need to know the tape the volume and the more Imbalance we have between supply demand the better move we will have for example If we look traders this move over here when we start getting this 360 all right and I will put this full screen This 360 and you can see over here that 360 340 we have 120,000 that they want to buy and 360 till 380 we have 7,000 8000 you have like a huge imbalance to go long on this move over here And this is what you have to take advance. So you see this you get long and How the trade evolved? Look over here. This is the last screenshot of a PTO So once we have let me move this over here All right, so once we have this pushed to 380 We start falling over here and you see this orange that comes over here and right away red So that means that wait now something is changing We have another big I'll go over here putting a top So if before they wanted to push it up now, they're topping it out over here This is exactly the level that the algo comes and it tell is it's telling you look 368 365 is a low risk short Risk this 370 375. So you risk like five cents and you get all this wash Till the V web down here and you can see how this move goes all the way down 340 and then we'll wash eventually down till the VWAP at 320. So this is how they top. This is how they move their the stock the way they want Think we can go to Another example all BSV. So this was an all-day feeder one of the Best patterns I trade gap and crap So all BSV You can see that We have an open a Push a stuff right away open and we start like dumping dumping very fast In this moment over here from 10 o'clock 10 a.m. East we start having exactly it for 40 this Big heat map sorry 436 you can see that this is formed by a big algo 100,000 shears Is basically putting a wall of selling over here. So whoever wants to push this and trying to break this 436 will be like Stopped and rejected from this huge all with 436 and eventually will dump more because we can see that From this 436. So exactly this level. I'm doing and tracing over here went down Below four dollars three eighty three seventy and so on This is how They tell you right if you're able to learn the stuff to see the pattern You can definitely have an edge And know that the tray will go all the way down if we have a reversal You're not carrying too much of a stop loss because it's like four five six cents And you're not going to lose Something like that will put you like in a difficult situation, but only a small stop Over here. We have another type of setup and I wanted to show you this So I've been playing yesterday tcco Alerted to play only dip longs micro float stock up on catalyst Flow rotation short trap over here So these were all the setups that we had long over here short over here short over here How book map helped me in this yesterday, so I'm going to show first This example over here. All right Right it open We open over here 675 Pre-market resistance 750 This is not A trade that is for beginners traders because as beginner traders as for beginner traders I will never suggest you do short something that is a micro float. So something below three four million stock four million float And only to trade dip longs So where are the dip longs when you have like these traps below vweb starting to hold a whole Around dollar number or hold our number like this five over here Once we have Once we had this 720 top you can see this big spike right away stuff Over here a big spike right away stuff You start seeing over here in the seven Look on my left you start seeing this first small heat map so Over here exactly this bar over here. You start seeing like some formation of Resistance and you can see the time, you know, we're talking about seconds This is 944 15 seconds 944 and 30 seconds 944 and 45 seconds so exactly on this bar over here And at a certain point after 30 seconds We started seeing this volume increasing over here on the resistance level And you can see right now that we started having a huge imbalance because we have 30 000 That want to dump over here and basically We had nobody on the support What happens over here? dumped all the way down to six And if we look the second chart of tcco You can see how it evolves goes all the way down till this 580 And 580 is this dip over here previous support Then we have a small bounce why? Because basically we have another heat map over here That gives us this bounce over here To VWAP this white line rejection and all the way down so you can see That book map give you the timing surely you need to know what you're doing. You need to know that Something like this you'll be shorting spikes and covering dips buying dips and selling spikes Is it clear bruce? Yeah Jay traitor or joseph. I mean these are excellent examples Really really good examples. I think And I like very much how very much how you're showing your trading strategy and then you're You're looking at higher time frame stuff But then you're really getting into where where are they in the order book? You know, what's the context where how are the aggressors? Controlling this and where are they headed? and and looking for You know a lot a lot of traders look at their their higher time frame candlestick charts and in areas where it might go to in terms of You know an indicator or something Whereas here you're you're identifying it as its liquidity. That's where this is going to Exactly exactly. I Have always Hourly chart or daily chart in order to see the big resistance and support, but if then we don't Keep an eye and analyze the volume So the order flow where this is moving where we have the majority of volume Pushing if long or short then it's useless. I don't need to know that You know, it's so simple to see for example tcco had the resistance at night dollars, all right And you basically don't know if we will have that volume to reach that level over there Yeah, exactly. So I mean you're looking at the context again. Is there enough volume to reach those levels? Exactly and and yesterday I could tell you that Uh, both over here into the five dollar area and nine dollar area Book map and the price action gave us two beautiful setup over here for long And over here for short So if you're able to spot these levels also using book map You will have like a terrific day and very low risk trades because Like shorting something as over here tcco for example at 680 670 Risking seven dollars. You're risking basically what 30 cents For a return on this wash of one dollar and a half. So you're having like five hour return on this trade Yeah, exactly. I mean you're Now you're taking this is this is exactly why we have these pro trader webinars You are integrating now the the order flow and your strategy and methods of trading with risk management Like what exactly how are you going to manage this trade? What are you looking for? Where are you? Happy to take a stop And and happy to let this run for for your risk rewards Whenever I'm trading I'm looking at least to with a trade to cover my borrows because this is a short restricted Stock so hard to borrow stock I'm going I need to cover my commission cost I need to make my money. So at least at least my average in a trade will be two hour return And over here for example, if we take this trade into the 670 we had a call yesterday 6 9 in this trade and this was live All the members can See my screens and listen to my Voice commentary and see what I'm doing So in this case the short of 670 and the risk is this 7 10 7 0 5 area So if you're not like fast as some of the traders 690 when you will have 20 cents stop You can have a 40 cent stop and then your first target will be this low So you're going to have a three hour return and then look for more downside And this is uh, how we do how we use risk management Whenever we have like a dump like this then we start moving our trailing lower And lower for example in this dip down here will move the Trail risk management at the previous relative low. So you always lock in more profits Yeah, exactly. So Another thing I mean like You know letting it letting this run risk the risk management on the you know on the on the take profit And and looking for something very very specific in the order flow here These are really really nice examples joseph Thank you. Thank you bruce. I want to show a last thing For who is a short seller? This is tgtx. So everybody knows the stock in play these days This is simply one of those stocks that if you don't trade it like um using a good risk management can Make you go bankruptcy Basically, if you don't shorten the right time You will get all this front side against you so always wait for lower high formations And always look to have more than one confirmation if you want to shorten so This time over here 1135 We can see three things if you want to analyze right away price Action and truck patterns. This is a descending triangle. So everybody knows that if this breaks to the downside Will be a long it will be a short sorry Looking at book map over here You start seeing right away at 936 934 935. So this level over here that I marked with this error You can start seeing the formation of a resistance of a heat map Then when we have these last two spikes, you start seeing over here another small formation of resistance 930 So what book Mattel is telling you we are having resistance Resistance and we don't have that much support over here. This red line that you see is not a heat map. It's just like my I plot the line over here And you can see that we have also a volume imbalance because we we had at moment Uh a huge amount of sellers compare comparing to buyers So what happens you can short easily into this area or on the breakdown Let's say 918 to 920 22 this year over here risking this high 934 And then you get all this huge wash at least your target is this previous relative low And this is what you have to do in day trading. You have to calculate. Where's your possible target? Know how much you're going to risk because you can never trade something one to one You're risking 20 cents to make 20 cents when you will have a system for example even 60 percent 70 percent of win rate, but you will have one on one trust me You'll be break even or a loser loser because you have fees you have expenses You have to support yourself And you need at least something that will bring you two hour return. If not three hour return Yeah, fantastic. I mean Exactly. So if you do not see that then you do not take the trade Exactly exactly always calculate your risk and have your dollar risk when you trade Yeah, and uh, you know just to mention a little bit of trader psychology, and I'm just kind of curious Joseph Over time, how did you Because it's alluring to Well, I can get a one-to-one trade here. I have a high probability trade. I know it. I see it I know it can be one-to-one. It might even be less than one-to-one But uh, you you have the discipline or how did you Overcome the discipline or get the discipline to overcome that fear of missing out on some of those smaller opportunities The answer is very Is very simple with errors and by losing money so when you're tired to lose money and even if you are like one of those Analytical traders like me that is based everything basis everything on statistics And tracks everything so that's why it's very important to journal your trades your setups And when you know that Every time you trade that pattern you will have 40% win rate or the other pattern you will have 60% win rate then you have to calculate the Um risk reward if you're going for one-to-one one-to-two one-to-three And then at the end you have like to filter so what's like bringing the money at the end of the week Or if you're like a swing trader at the end of the month All right, because book map as well can be used for daily charts or for monthly charts. All right And uh, you always take your position based on uh, intraday trade So when you know this then you start like, okay, this is a setup that I know pays 30% of time Let's not take it and you stick only to what gives you and makes you Uh profitable So nice over here trader to see This is ci To see the support that I had over here Uh breakdown and then we see over here resistance Breakdown so how heat map works. All right live so for example, let's say That you're trading over here in your house in your office. Wherever you want And you start seeing this formation So this is a easy trade over here short in 252 251 you have like basically five minutes to short Until you have this resistance you short over here you take this wash to the spear support you lock in Uh, let's say 10 cents over here move 15 cents move risking four cents This is already a three r for our return trade. That's all you need to make money Put three k shares and you get your paycheck Yeah I'm wondering um a little bit done. Uh, some of the uh, like in this example here are do you front run? Some of that high liquidity there, uh on your on your target In which target uh, what target you're over here? Um Yeah, I mean like if you're if you're looking. Yeah, exactly. Uh, so You know or do you or do you move your stop down or you just uh How how would you manage something like that? Okay, so Whenever you into the trade and is what I I do every day in the room So it's not that I call a trade Over here short when the price is right down here I call a trade here and I explain my plan Because otherwise everybody's good like to analyze the market wants to hear The first thing that I put Uh The traders in front is how much you're going to risk for how much profit? You see the support over here one two three four times Held at 230 232 So I know that if the price goes down over here if we have this breakdown That will be my first target And if I short let's say 1000 shares, all right. I raised this 255 256 Let's say I shorted 252 not the best price 4 cents risk I'm looking for this 235 233 So I will put already over here half of my shares to cover short 252 risking 256 233 3435 this year generally I don't put my Level of cover right away the support why because you will see buyers into that area So maybe I just like will slip is 234 cents away Already half of my covers down here and then with the other half If we have this move, I will move my stop to this previous support. You see over here traders 248 So if the trade turns at 248, I'm out the rest So break keep break even plus in the money And if this continues to go down, I will lower always my trail always more down and down and down To lock in more profits Okay, excellent Some comments and and coming through here just really appreciate your your honesty here And the way that you're viewing this Now in terms of not only setups but in terms of business and risk reward and management Thank you Let's see here Jerry's asking about risking four cents Jerry are you talking about this is these are all stocks There's no option trades here that he's going through but if you're trading I trade options every day in the room and When I trade option basically the main chart is always the underlying stock So Let's say this morning. We were looking at netflix. All right tasla had a good push. We were looking at netflix. We were looking to buy netflix looking for those 300 calls and tasla. We were looking 355 in 360 out of the money Monthly and weekly calls. All right so What I do I basically stop out for example An option when I have the breakout of that resistance that I'm looking on the underlying stock So it's not a ma is not that I don't consider the option chart Is that my option exit or entry is based on the formation pattern information That I have on the on on the line stock if this is If I answer what what do you mean? Yeah, I think um, yeah, exactly. Um So I think yeah, yeah, jerry jerry understands your point I do have actually a question on options in the way you're trading options due to the You know the different because this is a derivative And the and the greeks involved Yeah, you know are you Uh I mean, I I haven't traded options with bookmap. So I I'm always curious it to me. It always looks so good Uh, because when you see price move and move harshly like a big move into areas of high liquidity and it looks like You know, it's going to reverse. Um, you know pretty easily You know, you're looking at the the the vega of that of the option is just going to be You know Moving dramatically and yet you're going to be getting in at such a good price Um, what what are what is like a typical? I guess what I'm asking. What is a typical? Option play that you might do Using bookmap and order flow Okay, for example, I like to trade in a training stock like tesla and we were trading tesla this morning You see over here that we have a morning wash So price opens Right away. We have wash And what do we have over here? Bruce big heat matte support 351 And this I I'm just going to show you this over here. This is the watch list trader this morning if I can show two seconds uh traders over here tesla Gap a pre-market support 350 351 of old of support. I'm looking to buy 355 calls week in 360 And the key area was this 348 350 so If we have that hole and uh wash dipped by That's for me along on a trending strategy because it's like a couple of days already We're up trending in the short term So this heat map over here gives me confirmation to get in 351 and 50 352 at the same time to buy 355 weekly calls otm so out of the money and 360 monthly because i'm looking for that 360 Swing this I wrote traders at exactly eight uh am I said if we have a bounce today, we go 360 and You can see over here Today we had not 360 But we had 355 in 80. So if we consolidate today that 355 in 80 We can have that 360 Actually went 357 and 10 Okay, excellent. Wow beautiful chart there Nice these toppings over here like this rejection Of heat map. You can see that once we fail Started to reject over here Target previous support and then break down over here Yeah, yeah, exactly. No, beautiful beautiful chart there. Um, uh, just uh As well just looking at that that these ideas and concepts of where you know resistance turns into support um Is really nicely visualized Uh on the way up and how they flip from offer to bid Absolutely, absolutely When we have something that will simply reject It will reject right away. So we'll push into this resistance and then wash If we start seeing like a small rejection and then we start seeing the price holding Forming this micro uh heat map often will be a curl and push same over here Bruce because we have a first soak Start to reject. So yes, you can enter short over here, but the plan today was to go long Well, let's say you're a short seller you short everything in this world You're short over here But then when we have this curl right over here 356 you have to get out because that will fuel another move Right. Yeah, exactly. Exactly. So, uh, yeah, I mean it it it traded into that very high liquidity there And it stopped it for a bit But this this is this is actually um You know something kind of key, uh that a lot of traders always ask about book map is You know shouldn't it bounce shouldn't it reverse at that area and this is where the answer is well, it depends What is the context here? Okay, uh, and uh, it's exactly what you are mentioning. Yes, it stopped There is absorption there a lot of absorption not complete absorption Price did go down, but look where they're supporting it in the book on the bid Uh, and then we don't find a whole lot of sellers You know, look at the and look at the context of buyers and sellers there So more buyers come back in uh, so there's there's the context of of of Putting some of these pieces together or like the way that you're reading this uh, and putting these pieces together of You know if there's not a whole you could you could you could sell it and you could look for it to move but You know aggressively manage that or look at the The amount of if there's a lot of sellers that do come in. Yeah, you you've got a case now Else exactly else buyers might come right back in and move that higher um yeah, so In that instance, I'm just kind of curious how may you have, um, managed, uh, that Up up in those areas So when we are looking at this, um Level over here. Yeah, let's say you're looking, uh, we're long We're long from 351 352 area Then our first target is this 355 The reason that we have a big heat map over here at 355 is not that okay We have a heat map. No, this is an important level It's not because it's also a previous daily resistance But this 355 whenever you will have a big whole round dollar number with 50 to 55 360 You will often spot this big heat map over here. So this big level of resistance So if you're long, this is a very good level where to take partial of your profit And once we have this, um Weakness over here this first rejection Look what happens. It's holding this previous resistance, right? This previous high at 354 and 50 Consolidates on this support so you can see this curl And this is is a possible another re-entry for what you sold over here. You see this curl You basically can't long over here at 355 Risking 354 and 50 so 50 cents And then you have another move to the upside And what you will look for Another big level of resistance like this Where you will take another partial profit And again, you have a weakness where on this support previous high relative high Starts curling again and then another break up to the upside This is this is excellent, Joseph. So, you know now you now you're starting to Bring in Much more kind of advanced Um trade management, uh, and it's such a very simple way Uh of scaling in and scaling out and how you're managing your risk along the way So really really really good examples here very very clear, I think And that is not that it's just not easy to do Because the emotions are Get pretty wild up in some of those areas As you take off some risk and then add more back on Exactly exactly Yeah, uh, so, uh, yeah traders, uh, just, uh, uh, yeah Really really nice examples here of showing that, um You know, these are more much more advanced and although it's coming across so simply here When you're in the trade, it's a very different thing And he he's sticking to his plan And waiting for and looking For these things to unfold And then going with that And but he's managing it all the way through so there's The stop that has been trailed up And He's giving it a shot to go further. So, um Anyway I've said it two or three or four times now. These are really nice examples. Thank you Thank you, Bruce. If anybody else has another questions or Anything just feel free to Yeah, some some questions a lot of questions that have coming in and I've been and answering them or showing them Along the way here for you guys um the There's looking at maybe some of the spoofing Uh that You might be uh, you know the algorithmic activity um Very very um short term algorithmic activity that you might be looking at that helps You know your your insights on on your trading Yeah, well spoofing this morning. Generally, I look that on um small caps in this morning None that I remember I saw spoofing over here um and then from Honestly 10 o'clock. I couldn't follow anymore because I was preparing for the webinar, but Yes, something generally I look for example For example, uh, we start seeing Let me see if I can put Uh this one over here just want to show something for who's asked me about spoofing. All right, let's say that Over here we have our Candles, right? So what they will do They will like put Some bit over here Maybe like to think that we can go along instead They will take it out this bit and make it wash or vice versa vice versa They will like um Fake you out. Let's say swashing They will put Big support So that's spoofing because you will cover Buyers will come and right away when this is bouncing they take it off And then they continue to go down. So spoofing is just a way to trap you. All right, and you will see so many times that you will see fake Orders, all right, just like printing there one two seconds scare everybody. Okay, it's gonna go up Everybody's got coming to buy and then this goes away and they can dump more So they do this for example in a downtrend to hold the price up And they can have like better levels to sell on your face This is how they spoof on you Clear. Yep. Yep. Excellent. Excellent. Um, I know exactly what you mean there And uh, you know get everyone trapped on one side pull the liquidity, uh, and uh, and let uh, let it drop there Exactly over here. Well, this is not really a spoofing because it lasts like Seven eight minutes, but let's say you see this red heat nipple, right? Uh And you will see like printing one second two seconds going away printing one two second going away printing one two second going away And then they drop so that's a clear way how it was Okay, um, let's see a question here about your filtering, uh of stocks, uh in the morning or how you kind of set up your your trading activity Uh in the morning I basically from six o'clock. I'm already in the room Room is not something crowded where you have like tons of people calling trades. No Real traders. I'm happily to say and whenever you get in the room You know this you right away Feel the atmosphere five four our traders who are with us for a long time now they went to work for prop firms three of them went to work for like, I know I don't know. I don't want to make publicity about for seven point capital and We are basically They are from six o'clock right away. I put scans big caps largest volume players breakouts breakdown get popped get down same for the small caps and From six thirty seven o'clock. We started having the first pre-market plan And at seven o'clock we start trading pre-market if we have like some runner like tcco. Yesterday we traded long from pre-market and How do I scan basically I look for Biggest gap of the day get popped back get down And I'm looking only the stock that fit my strategy So when you get in the room you learn the strategies And during the day I screen share what I'm doing so every trader can see my entries exits my charts book map because I screen share One or two chart book map daily, right? So Um, I think Bruce will be happy about that But basically I It's useful and I see traders learning but I always say traders is not that in one day you will come millionaire takes long long time It's 20 years. I'm doing this job Always you have to revisit yourself Improve yourself if you're out there that you just like tell people you will get into my room He will become millionaire. Okay, I better you go play the roulette because it's not like that It's a lot of work a lot of work Can tell some traders inside the room in three four months broker statements pass from 3k to 15 20k That's possible But if I tell you a 3k past 100k in four months. Well, take it another time Okay, excellent. Um, let's see Uh Boy, I get get your questions in guys like I've been answering them kind of along the way here and he's been explaining And going through the answers in real time here or during his presentation uh, so Yeah, give another minute or two here And guys I put in the chat again Jay traders contact information So you have all of that there if you're interested in reaching out to him Uh, and then there's a uh, you know his website In a special offer for book map as well. That's through jay trader So, you know through through him, uh, there are special offers for book map that are not on the book map website Just uh, want to let you know that And um, let's see here any last minute questions. Um Let's see. Do you trade futures in the room as well? Uh, David is asking Yes, I started um with cover warrants in my life and European stocks And in 2004 2005 I moved to footsie dax and yes um For Europeans, you know started like trading dax Right in the morning So that's like probably your 3 a.m Um NY time and then working till like late day Uh from es it's a long day. Yeah, so right now. I'm trading futures in the room only es And uh, I have a pretty big win rate on that. So I screen share every day uh es trades And uh one two Two setups a day Oh, okay. Okay. Excellent. Um, so, uh, daniel is asking if you do you have any examples of a es trade? All right here. No, uh, I trade more than went One computer. So I keep this only for stocks next to me mama bear futures trader. So she mainly trades with that Oh, okay. Excellent. Um, Let's see, uh Any more questions in here? Um Yeah, in you, uh, you had several questions. Um, I think You know, these are very specific questions. It might be better to either reach out to jay trader. Um, you know And contact him directly or you know, maybe attend some of the book map webinars where I can answer your questions All right, uh, jonathan. These are all recorded. Uh, and they'll be up on youtube. So, um That that uh, here I bet I put the link into the chat there As well and let me I'll put it in here once again It'll be within this playlist here on our On the channel. Okay, so look for it and give it give me about three hours or so It's just taking a while for these to actually, um Parse but uh, yeah, they will be up there. Okay. Oh, you guys are welcome for having the recordings very quickly. No problem. Um, and, um, Yeah, I don't know anything else that that you want to go over joseph or, uh, You know, I think you covered everything bruce. Uh, was a good webinar Thanks for having me also, thanks to everybody for having joined and Whatever we can do to help you just reach out Yeah, yeah, thank you very much joseph. I mean really I have to reiterate this. I mean, they're these are just really Very crystal clear examples with really clean trading logic, uh, a lot can be learned uh from this. So Thank you very much for a very very good presentation here Thank you very much guys, uh, hope to see you in the room And thank you bruce for everything. Have a good day. Okay. All right. Bye