 Good afternoon traders and welcome to the bookmap special event today. We're going through bookmap traders We have Brett Mayo a stocks trader. He's going to talk about stock strategies and finding trades So Brett has been trading or began his trading career swing trading options before making the transition to day trading And scalping stocks and options. He concluded day trading was a safer form of trading since it avoided the overnight risk Brett offers a trading course with his own strategies and indicators All right, so let's go through some risk disclosures before we get into the presentation So know what you're getting involved with here all book map limit Limited materials information and presentations are for educational purposes only and should not be considered specific investment advice nor Recommendations risk disclosure trading futures equities and digital currencies Involves the central risk of loss and is not suitable for all investors Past performance is not necessarily indicative of future results So if you're in here Brett, are you here? Then let's turn it over to you and let you take it away Hey, thank you Bruce appreciate to appreciate that. All right. I'm gonna share my screen here. Just let me Let me know whenever everything pulls up Yep, I got it. Okay. You got it. Okay. All right. Appreciate that. Well again, Bruce appreciate to appreciate the introduction With that in mind Appreciate everyone that showed up today. Just wanted to take some take some time and just share some some strategies that I've that I found in my time of using a book map As most of you know a book map is an amazing tool when I first found it It was I knew it was something special, but the reality was I just didn't really know how to use it with a high probability of success so anyway, so that put me that put me on a quest to really understand it and Yeah, just used book map day after day live trading and really just started seeing the correlations between between stocks and the liquidity and I was And in time I I came up with the family strategies that I now use that that give They've given me of a very very high probability Win rate with that said book map can allow you to become in a very very efficient trader If you allow it to if you allow it So with that said first things first whenever trying to take advantage of book map If you can see here, I got home Depot pulled up One of the first things to keep in mind if you're looking if there's a particular stock that you're interested in early in the day One thing to always keep in mind is to take a peek at it in the pre-market and see where your major liquidity the majority of your major liquidity is that because Understanding that the market gravitates to large Areas of liquidity is just it's just basic basic understanding of basic structure of the market The market is always going to be wanting to move stay liquid and it's going to gravitate to these large levels of liquidity now you might ask What defines a large level of liquidity? Well, that's the awesome thing about book map book map allows you to See the large levels of liquidity buyers and sellers on the heat map So with that said as you most of you know, I'm sure most of you know here you got your Price increments on here on the side now some you know, they may define it differently But for me in my trading in my strategies, what I've found is Large levels of liquidity are defined as something you can see on the five Five dollar increment when I can see When I can see something on the five dollar the five dollar increments Then it qualifies as a large level of liquidity and I understand that the market wants to gravitate To large levels of liquidity. So we're here with home depot this morning We see the majority of liquidity was to the upside So for me that tells me immediately my biased my bias to the day would be to the upside And of course once the day starts then Then I'll I'll get more precise. So with that said, we'll uh, I'll zoom in here to the start of the day And my bread and my bread and butter strategy and again this I got this in the uh, it's in my my server We have the entries and exits on it over 500 500 entries and exits using this strategy So far that I've shared with uh with ones With that said what we're doing for this strategy is we're we're pinpointing the large level of liquidity Once the day starts the liquidity comes in the book After a few minutes it finally starts getting clear and we can see all the major levels and in this case HD your home depot was a prime example of that So in this case as you can see this 315 and just to be able to qualify it Is it a large level of liquidity? well Look go to the five dollar increments. Where's our largest level of liquidity? This 315 to 316 area So with that in mind we are biased is that one HD is going to push to it And then once it pushes to it when you get to a major level of liquidity like this there will be profit taking every single time so The idea that we take advantage of with book map is to when others are taking profit We're we are shorting where they're taking profit So we're making profit when they're making profit. So the idea is we've identified these major levels And when once it gets there, then we're going to play We're going to play a pullback from that area Usually on average it's anywhere from two to five dollars Is the is the sweet spot that we're looking for on a on a pullback at major major liquidity And again these setups are all throughout the market every single day And i'll show you a little bit a little how i go about identifying them and finding them Within the day because it's one thing to find a play after the factor Identify it after the fact is a whole other thing to be able to find it in live time. So that's another another area where we We excel at is finding plays Intra day before before they get to these major levels And that way we can get in get into them be ready to enter and then take advantage of it. So anyway, so With that said we see a prime example here HD at the start of the day 310 runs straight to this monster liquidity here at 315 and as soon as we get there we proceed to dump all the way back to 312 Nice nice two dollar and fifty cent dump there back to the vwap. But one thing to keep in mind is There's no major liquidity that came back in below So what that tells me Is all the major liquidity is still above. There's none coming in below So this stock wants to go right back to all this major liquidity because again stocks are like Uh stocks are like hungry, uh, you know, they're uh, they're very hungry They're wanting to feed their belly on liquidity. So that's where yeah, that's where they're going to gravitate towards Because the market is it's a machine. It's always looking to eat up eat up more liquidity. So with that said Comes down here hits the hits the book mat vwap. We get our nice bounce Comes right back up into this liquidity 316 liquidity gets yeah added big time and then proceeds to dump Once again, again, there's no major liquidity below There's a little bit that came in here at 310 and 310 311 range, but nothing significant But with that said It's able to hold it and again where does it go runs right back up to this major liquidity here at 315 316 And then finally finally we see at this point in the day We finally absorb all of that liquidity now keep in mind When when liquidity is absorbed as you can see it disappears That doesn't automatically mean well, it's to the moon from there That just means that all that liquidity has been absorbed and now Ultimately the stock has to digest it. So With that said we can see hd's case it ended up dumping uh once again And then more liquidity came back in 316 pumps back to it again the key here is no major liquidity Yeah, no major liquidity came back in below So there was nothing to pull the stock down really hard For the rest of the day unless the overall market just started dumping really really hard. So with that said that's uh, That's an example there on hd. Um, let me uh, let me give you another one. Uh, that uh Was a nice uh, nice setup today Goldman Sachs gs And very similar very similar to hd today We get to the open today and of course the first like I always tell my traders the first 15 15 to 30 minutes of the day you got to realize there's a lot of orders that have to be processed So you get a lot of whipping back and forth But you'll you'll get to see the liquidity you start coming in pretty clear And you'll be able to discern what's going on and we see with uh Goldman Sachs gs here comes down We have some buyers that come in in this 337 338 area They push it up And then again going back to what is major liquidity Again, we see here at 345 this was our Major biggest level of liquidity on the date. So we're looking our bias is for push to that liquidity And then we get to that liquidity. There's going to be easy profit money Um at the down, you know on the pull back to it. So again, we're not expecting, you know Monster, you know, we're not saying it's going to go all the way back to the low of the day We just know that there's going to be The averages of you know a two a two to five dollar dump off of that major liquidity is Push up to it. We get close to it here at 344 the first uh, the first test of it pulls all the way back to 4250 pushes back to it Dumps off of again pushes dumps off of it again Pushes back to it dumps again. So again, you can you can see here that Multiple opportunities to make some very quick easy money off of these off of this major level Major level of liquidity and as we see at the day gone it was goes it was never able never able to Um absorb that liquidity and because again the only way it goes higher than this is if this liquidity is absorbed That's the only chance it ever has you're never going to see a situation where a stock just keeps going And the liquidity doesn't disappear. It's always always going to disappear And maybe next time whenever I come back on we'll go over go over another one of our powerful strategies Which is uh momentum playing stuff to the upside and the continuation But today i'm just going to focus on On our short scalping strategy at major uh major liquidity So another prime example here now you might be asking as far as how do I go about entering this? Well, we use options or shares just depending on the stock and then what we're doing and what we're doing is we're We're always looking to enter our positions Just below or just in front of the major liquidity If you put your order if you try to put your orders in the middle of liquidity on the back side of liquidity You're going to get left at the altar a lot of times So you have to have your orders right here on the front side of this major liquidity And if there's front running liquidity a lot of times what you'll have is You'll see one dollar below the major liquidity. You'll see you'll see some you know significant liquidity Now if you can see it on the one dollar increments If you can see liquidity in this case on the one dollar increment ahead of your major liquidity More times than not they're going to front run it for an initial dump So what it'll do it'll initially dump and then what it'll do is it'll come right back and retest the major liquidity So stuff like this allows us to double dip on place a prime example here 344 It dumps off of it dumps all the way back to 42 50 and again We're always quick We're always quick to take the profit on something like this because we know nine out of ten times It's going to go right back to the major liquidity and test it So again, this is just front running liquidity We always like to identify it because again it gives us an opportunity to get two plays out of one play So and also too we usually average um We usually average about anywhere from four about four to five Of these uh of these plays a day because again, they're they're very easy to find They're a lot easier to find than your continuation or momentum Momentum trades in my opinion So uh one more example here and then i'll start to start answering anybody's questions Let's uh, what was another nice one today? car car was a good one um So played car in it went extremely well now. This is a lower float stocks stocks of this one And again, this works on any Any size stock? It's just for me. I've I prefer to play, you know the mid and large caps I don't personally. I don't like to mess with the The the smaller uh smaller stuff more times than not. I uh, yeah I like I like the bigger bigger stuff a lot of liquidity Moves moves really nicely. So with us said car was another nice example today Again identifying major liquidity We do that by the five dollar increments. All right, so we see we got major liquidity here Major liquidity here And also here So that's our levels that we're looking for the for this stock to push to and then we know when it gets there It's more than likely going to give us some nice Some very easy pullback money. So with that said Actually, our first level of the day was right here at 300 ends up pulling all the way back to 295 Again, that's within our two to two to five dollar profit target that we're looking for Finally pushes get support on the VWOT pushes back up to 305 another major level Pulls back to 2.99. So a nice uh six dollar dump off of that liquidity And then finally it goes back up absorbs that 305 306 liquidity. We get support on it. Bam Blast off our next major level being here at 320 This is uh, this is actually when I found scan and scanned and found the play here at 320 Took advantage of it here got our dump all the way back back down to 311 on this one Pushes right back to it more liquidity comes in at 320. They dump it make they dump it right back down And then finally it gets back up there absorbs 320 liquidity pushes through the 325 Liquidity and then proceeds to dump uh dump five or six dollars off of that and and actually a lot more into the closed so with that With that said that's uh, yeah, that is the The backbone of this particular strategy and again like I said these plays you can find them all day long just Yeah, it's extremely uh extremely powerful and um, honestly, it's it is by far my my favorite Of all the strategy that I've tried through the years this one This one is my favorite because It is the highest profit. I mean, there's no there's no other strategy that I found that's If you follow with the simple, uh, you know the simple Rules of of this particular strategy. So with that said, I just wanted to open it up to questions If anyone has any questions, I would be More than happy uh more than happy to ask them. I don't know what uh where they would be at but uh, anyway, but uh, Yeah, thank you, uh, Brett. Um, I I've I've got a ton of questions for you. Um, okay, yeah, go ahead and Anyone have any questions? Please put it. This is the special events Room, uh, so we have an equal, uh, uh, you know the voice channel room But there's an equal room. There's a the hashtag special dash event Which is the text room and that's where you guys can ask questions um, yeah, I have just all sorts of questions here like, uh interesting strategy, uh That is just it's all about the liquidity and the five dollar levels But how like this one for example here, uh with avis You know, what about the 310 level there? You know, was it because it was shorter term? Uh, liquidity that I mean, did you short that as well? When it traded no no no, so so this is a on these lower float stocks I've learned with these lower float stocks that honestly the liquidity is not, you know, you get a lot of this A lot of this kind of just all over the place liquidity So with these you have to be and again, I always like to put the float, you know The share float up just to identify if it's if it's one of those stocks Um, so for me whenever I'm dealing with something like this, I really a lower float stock like this I really really really want to be conscious of making sure Um, making sure it is very visible on the five dollar increment and just a big old thick thick band of it So again, thick band here. Like I said, this 320 area was really thick 325 was really really thick Because again, I want to use the heat map. I want the heat map to do the work for me I don't want You know, I like I was telling Bruce the other day I rarely ever look at this cob over here at the actual number of orders I mean out of out of you know in my server the the 500 plus trades and the entries and exits None of Not one has been made based off. Oh, okay. This this has this many, you know, you know, this has many this many this minute No, no, I let the I let the heat map do the work for me I'm my whole idea is I want to have as simple a strategy Simple and as powerful strategy as possible And I want to be able to look at a stock and identify immediately Where the major levels are so and again the heat map does that I get on the five dollar implements Look for the, you know, the big thick orange red band and bam I know that's that's my major level that I'm looking for the stock to push to and then when it gets there Like I said, I I know that I'm all but you know, I guarantee that I'm going to get some degree Of pullback off of off of that spot. So Hope I made that clear the muddy water for you there, Bruce Yeah, yeah, no no problem. So so then like, okay, so you took you took a trade a short at um Let's see here. Um, if you if you can go back Oh, I'm sorry. I was trying to get back. I was gonna go to HD since it was clear because like I said it I don't Yeah, a lot a lot of times most I don't uh, especially uh, especially if you don't have the the account because unfortunately a lot of these lower float stocks The options on it, uh, because ideally we always like to find ones with options because again, you know These are we're not in these plays for very long. So option decay is pretty much irrelevant I mean our average the average time that we're in a play is anywhere from two Usually at most 20 minutes. So theta decay does not affect us whatsoever for this strategy I mean it is literally obsolete. Um, so with that uh, with that said, you know When you're dealing with a lower float stock options are, you know, the bid ask is usually really really wide So we like to stick to you know, if we're gonna play something like this you you're better off sticking to shares Um, so you don't get taken advantage of on a really wide bid uh, bid ask spread So anyway, but like I said my my initial entry today My initial entry today was uh, was that three was that 320? On car and again, you know taking a few things in perspective I I knew this stock had already ran Already ran from, you know, down here at two to 85 And it already had hit a major level at 300 and of course we got multiple rejections at that So with that in mind, I mean you're you know, when you start running 20 30 40 dollars, I mean it's not a matter of if this thing is going to pull back It's when it's going to pull back So when you can find those major levels of liquidity after a stock has run really hard Because again, that's whenever I scan for stocks to find plays like this That's all I'm looking at the biggest gainers for the day And that that's the one that's the ones I want to find because that's the ones that have run really hard And I know I know that they're going to be running into some major liquidity And when they do when they do they are going to probability They're going to give me some easy money whenever they get to them. So So how Yeah, yeah, no, no, it's very clear. Um on on that, um I'm just I'm curious though how you manage the the trade and and like especially uh, not not so much I mean the stop loss but the more about the take profit and where do you where do you put those? So great question there So when it comes to when it comes to my take my take profit, so the basics of the strategy Say what I'm going to put uh I'm going to put also put up my other My other screen here with Uh with the actual uh candlesticks if you don't mind, um That's okay Bruce Yeah, of course Okay, all right, so I'm going to change my screen and then have it to where y'all will be able to see Y'all should be able to see my Okay All right, if y'all don't mind just let me know whenever y'all can see my trading view and Book map beside it. You can see both of them. Yeah. Okay. Perfect. Perfect now when it comes to my take profit like said that You know the standard the standard is two two to five dollars. That's that's our sweet spot. We know like I said I mean, it's like I said that we're going to get a two anywhere from a two two to a five dollar Pullback and again like one dollar pullbacks if you're somebody that just wants to get in there and play it quick one One to two dollar dump. I mean that's That's free money all day long But when it comes to you know trying to get trying to get two to five dollars out of it A lot of times our idea is we want to take half, you know Once we get our one to two dollar dump We want to take half of the position or three quarters of the position there And then if you want to hold you know another you know a quarter or half of the position Position for a pullback to major liquidity below that. Hey more more More power more power to you. So this is a prime example here. We pushed up to three twenty five And you know, let's say you got in there and there's no there's really no liquidity that was visibly You could really visibly see until around four three fourteen So again, if you want to hold a runner portion to either the v-wap or major You know the the major liquidity below then that's fine You can stay in the position as long as the liquidity is not absorbed once you once this liquidity is absorbed Once it pushes through it absorbs it and gets support on it You are out of there. So that's why that's why our stop loss our standard stop loss Is one dollar and fifty fifty five cents above the major liquidity. So in this case You enter here just below one twenty five your stop is going to be at One twenty six fifty five and again, why did we choose one one a dollar fifty five because i've seen it Literally a gazillion times where in some instances i'd say probably Three out of ten times a stock will hit a major liquidity and it will automatically push through it one dollar Between one dollar and one dollar and fifty cents and then it will and it will come back and retest It will come back and retest the liquidity When i say almost pretty much every single time every single time. So that's why another thing i love about this strategy It's there's never a situation where it's going to hit this major liquidity It's just you know, bam to infinity and beyond and you know, it's not going to give you a chance to at least You know get your break even or something like that. So Anyway, so that's one thing i really really love about it is like said in the event that it does come up here Let's just say i picked up, you know, i picked a bad area to enter Well, i know that once it absorbs this because again when it's a major level The stock has to come back and show its support on it. So every single time, you know You know, the guys will come in the you know, they're kind of skeptical at first But after they see it happen time and time again In the you know, three out of ten times where it will absorb it on the first test Then we know that you know Almost it's going to come back Retest it'll push through absorb it come back retest it and it'll at least give us our break even if we want to take a break even Um or you know continue to hold it because there's a lot of instances where there's no major There's no major liquidity above This major level because that's another key thing too that that that helps us because a lot of times What we'll do if there's no major liquidity above this level the 325 level in this case there was But if there's not a lot of times what we'll do is if we get a quick one dollar push through We'll actually add to the position on the one dollar push through because again We know that one is going to come back and retest it So it just gives us a better break even or it's going to you know Allow us to make even money on even more money on the plate when it uh when it you know dumps off of that major That major liquidity. Um, so with that said as far as you know helping us to take profit We use algo levels. Um one of the things that we really really like is uh is algo levels and these are just computer Computer levels that again computers a lot of computer trading that they trade off of and again These are if you see over here on my chart these algo levels these lines right here. They're on my chart They're automatically populated on the chart every single day. So I don't have to put these on here They're automatically on here And as you can see Today car was a prime example prime prime example of how you could use these to take profit and myself That's exactly what I use today to take profit on this first entry on car So it pushes up here to 320 and again I know that more than likely more than likely I'm going to get a runner down here to this algo this three It was three 1170 algo. So and pretty much that's exactly where I got it got out of there And anyway, so algo's algo levels are something we really really like Uh to use to be able to take advantage of Take advantage of uh take profit levels because more times than not computers whenever they get to these levels They're gonna bounce they're gonna bounce off of them at least in the short term. So, uh, so yeah, we are all about using All about using these to take advantage of uh of take take profit levels So anyway, I hope that's uh, I hope that's clear for you bruce. Uh, any other any other questions? Yeah, yeah, we got a few more questions in here. Uh, and then So looking at uh, that example there that you have in car, um, so you're you're front running the 325 So how are you kind of managing your entry on that? Okay, so the entry your entry is always always because again, you can't it can't be in the liquidity Orange line. Okay. So because again, like I said, I try to make it as easy as possible Okay, you identified that okay, this major liquidity is at 325 Now your entry is going to be just below that just below that So you're looking at about anywhere from about 20 to 25 cents. We'll get you in 90 I'd say 90 plays if you're within, you know, if you're 20 to 25 cents below that So in this case for 427 427 30 To 427 80 is where where you want to have that those options or those shares That's where you want to get the bulk of the the position field Because if not Yeah, like I said, you're you're gonna be left you're gonna be left Yeah, missing out on some profit, you know A lot of the time because again, that's what it I just seen it countless times It it goes it'll go right up to it just just to it and then bam Bam, they dump it. They dump it right right up under right up underneath it. Like I said 20 20 Around 25 cents is like I said is usually the safe safe place Safe place to be in now if you can get orders in, you know, five to 10 cents away You know, then that's hey more power to you But just understand it the closer you put you start the orders at the liquidity The more often you're gonna, you know, you're gonna be left left without an entry So again, so that's our rule of thumb. We want to be 20 20 around 20 to 25 cents Start our entries below the major liquidity All right, excellent. Um, so, uh, let's see here. Um, A few different questions, um Free driver sevens asking for a quick rundown of the rules. Maybe we'll go over that again In just a few minutes here and and as a recap, uh, a free driver Um, a free diver. I'm sorry. Uh, and then, uh, barboza For this short scalp strategy, you take any longs as it pushes into the short level area I was wondering the same thing. Uh, so you do trade it up to it as well Yeah, so so again, you You never ever Go long because that's what to help people. You know that people that love to play momentum Play hey more power too. I mean, I you know, everybody has their own You know things that match their personality and their trading style better Um, but with that said for when it comes to playing to the long side So let's just say hypothetically hypothetically you got into Um, or was it a good spot today on major liquidity? Okay prime example here So this is my moment my momentum strategy that I teach teach ones that that like to play the momentum to the upside You know, if they even though they all they all end up liking the easy money from uh, the shorten at the major liquidity If you like to play momentum here, you know, here, uh, here's the key So again, this is on car. Like I said, it's clear clear whenever it's on a higher float stock But anyway, so again, we see our initial when we see our initial test of 305 306 We dump off of it Five six dollars or seven dollars and then with that said it comes back to the VWAP. Okay So again, we always what I tell my guys we always know that when we're above the VWAP There's going to be buyers at the VWAP now Are they going to be enough buyers there to hold it every single time? No But we know there will be buying on a pullback to the VWAP, especially Especially if there's no major liquidity below the VWAP If you don't have major liquidity below the VWAP and you still have a bunch of liquidity above You're going to get a bounce at the VWAP always Towards the major level of liquidity because we always keep that up when you're looking at the stop Okay, you're always looking at okay. Where's the where's all the majority of liquidity? Is it above? Is it above where the price is right now? Is it below? Um, so with that said in this case, we you know, we bounce the VWAP Like happens so many times and then once we do we come back up because it absorbed it on the first three tests And then you can see here. They tried to come back in. Well, it absorbs that very quickly So what I tell my guys is when you get that absorption when you come back to that major level of liquidity And you absorb that level and you start holding support candles When you start getting support candles on that level, you get a support, you know, wick You know, you'll see bottom wicks and stuff like that when you start seeing that that right there is your green light To play to the next major level of liquidity in this case Your next major level that you could see all the way across here was 320 So in this case, if you want to play your momentum to the upside, it's very simple Once that major level of liquidity is absorbed Your entry is there. You're getting support on it. You're getting Again support on it comes off Bounces off it but wicks off of it. That's your confirmation entry there and then your stop loss Your stop loss is going to be depending on your, you know Your your appetite for risk, uh, your stop loss is going to be anywhere from 60 cents to a dollar and 55 cents Below that entry and then once you enter there Where is your target? Your target is the next major level of liquidity, which in this case Was 320 so that is an absolute take profit there. You don't mess around I've seen too many guys give profit back. Why? Because one they don't know about book map and then two if they know know about book map They're not taking profit at major levels of liquidity. You always I mean you always take your profit at major levels of liquidity if you can see it on the five dollar increment It's a major level So when it gets to that major level you are taking profit just in front of it And if you're smart, you're not only taking profit there. You're shorting there Now again, if you want to continue with the play Well, that's fine You wait to the play proves that it can absorb that major level of liquidity Once it absorbs that major level of liquidity And you know, it'll absorb it absorb it come back to find support on it Here, let's see where it happens. Okay. So right here 320 it finally absorbs it here Finally absorbs it there Gets above it confirmation bam playing to the next major level. You're taking profit there Why are you taking profit there because that's a major level of liquidity? Now if 325 would have got absorbed it got absorbed and it came back support on it Then bam you re-enter again. You play to the upside. So with that said you can You know with these two strategies, you know the short scalping and then also to this momentum strategy You can you can get so much money out of one stock If you know if you know how to play it and you understand liquidity and how the market, you know How the market reacts to liquidity. So anyway, hope uh, hope I made that made that clear for you, sir Yeah, yeah Crystal clear. Um, all right. So, uh, let's see. Um, cash x is asking, uh, maybe you could review tesla Um, okay. Yeah. Yeah, I actually talked to him earlier today about uh about looking looking at tesla. So With that said, let's go to tesla and Oh, look at it. Look at it in the aftermarket prime example here. Let me get on the right I usually like to be on the one or two minute candles Okay, so let's just say hypothetically. I just want to cover it since it is earnings today Let's just say hypothetically you were wanting to play earnings. Well Same way with like netflix yesterday Poor souls that were trying to buy the dip on on netflix. Well, if they had bookmap, they would have known They shouldn't have started buying the dip on netflix until 250 to 255 or 256 That's where I actually I actually played it in the aftermarket yesterday because that's where the major liquidity was So I wasn't about to touch that thing with a 10 foot stick Until there was major liquidity that came into the book to support it So with that said, you can see here at tesla in the aftermarket You know, what tesla, you know got a nice fomo pop all the way up here And where does it where is it where does it stop pumping at the major level here 230? This was your first major level of liquidity that you could see and sure enough tesla You know, it's dumb, you know, it dump 30 30 dollars off of uh off of that So again, this if I would have been doing this web, you know webinar right now I can guarantee you I would have been playing tesla in this aftermarket and I would have identified this 10 30 And I would have shorted tesla off of it made it some very quick easy money um, but with that said, let me go into What it looked like during the day um Yes, it was a if I'm not mistaken. It was a falling knife from what I uh from what I remember Okay. All right. So this is tesla. Let me get it over here all the way All right, I'll tell you what I'm gonna have to load some more data here To be able to see the start of the day With that said whenever I was looking at tesla earlier in the day um one thing to keep in mind A lot of people they get in a book map and they automatically want to play the catch the falling knife um order book strategy and I can tell you right now That is not that is not a high probability strategy So if you're someone that loves to buy the dip That's fine But you got to understand that when you're trying to catch a following following knife you only buy You only buy just in front of major levels of liquidity. You never ever want to buy In the middle of major liquidity prime example Prime example would be um Let me see here This uh Oh, it's still loading. That's why Um, prime example here would be 990 major liquidity here at 990 and 980 Now if you're buying the dip, let's say hypothetically you're somebody loves tesla You wanted to buy the dip. Well, if you wanted to buy the dip We can see here 990 was the first spot today where you would have even wanted to think about buying the dip And of course we come down there And we get our nice, uh All right. I think I got it loaded here. Okay. Finally got it loaded. All right So we're on the five dollar increments Now again, it's very obvious here the market starts today at major liquidity So if you're somebody there is no way in this planet That you are buying Right in front of this major liquidity. Again, this is a cardinal sin for my traders. You never ever buy the dip in front of major liquidity that is huge no no So in this case Imagine anybody today that was trying to buy the dip right here in front of this major 235 liquidity. Well, they got literally Dumped on dumped on so but at the same time it tesla would have went up It would have absorbed this 235 got support on it. Then hey, then we would have had the green light But we never i repeat never enter a position a long position or calls right in front of major liquidity Because again, that's our that's our shorts. That's our short, you know Short scouting strategy. So again, you know, so with that said you have to wait for the major liquidity to be absorbed And then that's when you get your confirmation now as far as trying to catch a falling knife here Again, this was a major falling knife. You could say, oh, I want to buy it here at the 1020 liquidity Okay, or I'm gonna buy it here at the tip. That's that's fine But for me for me whenever I want whenever I Really like to buy the dip on something like this Is when it's very very large liquidity and there's really very little to anything behind it So in this case, we can see here 990 was The biggest by far the biggest level level of liquidity And of course we came down to it bounced off of it came down to it bounced off of it And when I start seeing this right here when I finally start seeing liquidity come in above and of course this case Really once you got this bounce, this is where this is where I get excited about Buying the dip on something like this big liquidity down here And then I start seeing liquidity for it to push you because if there's not major liquidity above Then I know that there's really nothing for it The gravitational pull of that liquidity isn't strong enough. So I know it more times not it's not going to last And this right here was a prime example of it. You get this initial bounce here But if you look up here, there's no major. Do you see any green or you know, or uh, orange or red? No, no This ain't enough this this ain't enough to get it get it up there You know, but at the same time it comes back down here finds more buyers around this liquidity And then this starts coming in so that tells me that oh, okay There there's something for this there is something for it to track your beam and push to uh now so in that case Yeah, that's That's how I uh, that's how I I like to take advantage of something whenever it's a falling knife, but and again prime example here It's dumping dumping dumping. There's nothing up here nothing There's no why what why do I want to I don't want to buy no dip here That oh, no, there's none whatsoever. All I see here is it's coming down. It's absorbing liquidity And what do you start to see liquidity absorbed start getting rejection candles up underneath it Now that's telling me it's going to the next major liquidity below and sure enough That's uh, that's exactly what uh That's exactly what happened. So again your probabilities Again are not The highest probability strategy is not Buying the dip on dumps like this. Okay The only way you can have a high probability of success with this one is if you correlate it with the spy So because I always tell them three out of four stocks are going to move with the spy They're going to top with the spy bottom of the spy now again, they can outrun it But when you talk about finding tops and bottoms The spy is yeah, it's the big dog on the block So if you can learn to find tops and bottoms on the spy You can find tops and bottoms on stuff like tip because again stocks like tesla and video facebook all that Again, they're very very sensitive to how the spy moves So with that said if you can become if you can become good at finding tops and bottoms on spy Which for us using algos and also book map. I mean, that's yeah Those two are yeah are literally the holy grail for finding tops and bottoms on uh on the spy So um, so with that said, I'm not going to buy tesla until I'm very very confident that spy has You know spy is that major liquidity and it's more than likely gonna bounce because again If not, you're going to find yourself buying a 14 layer dip and That can be very very very dangerous and very very costly. So With that said, it's uh, it's not something that I really recommend But again, if you are going to buy the dip at a major liquidity level like this catching a knife Again, keep your stop a dollar 55, you know a dollar 55 below The major uh major liquidities because again, that's going to keep uh, that's going to keep give you a high You know a high probability of uh of success if you're going to do it like that But again, like I said, that's you know, this is like my fifth favorite book map strategy is buying at Buying the dip at major liquidity on something like this. Like I said, it's like it's it's way way down the list You can do it if if you do it with uh With the spy, but like I said, it's it's very very very risky to uh to say the least so anyway, hope, uh Hope that answered your uh your question there. But yeah, like I said, tesla Tesla did not look good. Uh did not look good today whatsoever. So Okay, uh, yeah, uh, he has a few a few questions in here. Um, so basically you're doing the same for uh, a reversal or a bear bear market Exactly the same, uh, uh process just reversed Yeah, so take friends at our short scalping strategy or our momentum our momentum strategy to the upside Okay, so whenever it's going up and it absorbs the liquidity and it gets support on it Once we start seeing those support comes down wicks off of it Bam, that's confirmation that it's pushing up heading to the next major liquidity. Well in the same way It's the same way to the downside. So for example, whenever we see when we see a major level of liquidity get absorbed So in this case tesla, so it comes down it absorbs this level Comes back up because again, it always retests the major level. It's like I said, it's that's one thing that you can guarantee on You're gonna, you know, you're entering in front of the liquidity here You can all be guaranteed. You're gonna get a pull back to it to retest it. So with that said, uh, We get a resolution here comes back retest it and then look at it We start getting these these wicks these wicks off of that and that's telling me hey more than likely This thing wants to continue heading down because again, we're rejecting on the major level of liquidity And where is it likely going to the next major level of liquidity? Which in this case is 980 comes down to 980 Comes down to 980 and well, we start getting support Okay, so it it absorbs it but at the same time it starts getting support on it So that's confirmation that or then likely we're gonna hold and there if you want to, you know here You start getting, you know On the one of these this candle or that candle you want to enter here stop loss just below the liquidity back but here That's a high probability entry. Okay, but that didn't happen here That these two are much different like I said, you're getting projection wicks, you know candles wicking off, you know Candle wicks below off of this major liquidity. That's telling me she wants to go lower Whereas down here I start getting bottom wicks and support candles That tells me that hey more than likely we're going to get at least a short term bounce in this uh In this area. So Anyway, so hope uh, okay, great. Hope that hope that answer your question. Yeah, uh, he also Had a follow-up question here about um What are the components of your scan and deciding which stocks to trade each day? Okay, so when it comes to finding the play because again, that's that's what I always tell people It doesn't do you any good to be able to find all these plays after the fact It's can I find them during the day whenever it's actually time to make money make money with them? so now and I'll be honest with you I'm a little lazy whenever it comes to keeping an eye on my scanner because Again, it's so easy for us to get locked into spy and you know just trade it all day because Because the options are so good and you know when you got the liquidity and the uh, when you got the liquidity and you have the the algo levels The algo levels to trade off of um prime example right here on spy You know we uh, we had some nice algo levels here that we were looking anytime we get a concentration of algo levels We're always looking for a nice a nice pop and anyway This was actually one of our this arrow right here was actually in our one of our entry areas So anyway, so we uh, yeah told them to get out of there at 455 to be on the safe side So anyway, so we love uh, love trading spots. So as far as the screener Very simple here on trading view you just pop up the stock screener and You go over here to um, let me see here. You'll come over here to Top gain or whichever top gainers for the day. You'll hit that Um, have that have that set and then for me, uh, the things that I like to set as far as my columns I want to have change from the open percentage Change from the open just dollar amounts. Okay, and then also I want to have this for the pre-market because again A lot of times in the pre-market I love I love the easiest money to be made in the pre-market in my opinion Because again, my big thing too is I don't want anything that takes a lot of my time I want to be able to I love these book map strategies because I can show up to the market literally five minutes before the open And you know do you know quick scan and I'm ready to go It's like I don't need to do all this dd and all this research and all it's like no I get I play what the market gives me every single day. I don't care if it's you know Toys R Us stock or you know or apple or whatever it is I'm going to play whatever the market gives me that day. Whatever has the major liquidity And it's going to give me easy money. So like I said, I have no bias towards any particular stock Whatever stock is uh, yeah is pushing and running into major Running into major liquidity or absorbing major liquidity and coming back getting support on it and playing to the next level That's what I'm looking for so With uh with that said you'll notice here on the scanner for today Um car was number one, you know, so that that's why it was pretty much an easy target for me Easy target for me today because again, I was on change from open or change from open percentage And yeah, that that told me that that was the biggest runner that was the biggest runner for the day So I know that anything that's running a lot It's going to you know, not that it's not going to stop running But I know that it's going to have plenty of pit stops on the way at major liquidity Only way you can mess up is is if you just don't follow the rules of it You know, you get greedy and you know, you you don't take your profit And then you just let it go back up and absorb the liquidity and get support on it keep and it runs away from you I mean, that's that's the only way that you you know And if you do that then you probably don't need to be trading if you can't follow Just very very very simple rules. I mean my my 11 year old could you know I could I could teach you stuff to my 11 year old and you know, that's that's how simple it is So with that said, that's how I scan change from the open change for the open percentage on the top gainers And that's how easily easily just you know, click through and then you'll find and then once you see something that's running I see I see that it's run a lot I'll pull the book map up up on it find where the major liquidity is at I'll set an alert, you know about two dollars two dollars in front of that level Then is that triggers bam, you know, I go in there put orders Ready to go and yeah, whether that be an option or shares and yeah, like I said, it's uh Yeah, it's pretty uh pretty pretty simple to say the least Okay, uh, let's see, um Let's see. We got another question here barboza Uh, does the stock price volatility change the general rule of the 155 stop placement or entry front run of 25 cents? Nope. Nope. That is those are locked in stone. I hope that hope that answers that for you. Yeah. Yeah, so have you uh, Gaspatra was asking if you've if you've done This kind of study, uh, or um, does it work only on stocks? Have you tried it on the es or NQ a crypto? Oh, yeah, it works on everything because again, like I said, we're you know, my my two primary day trading channels the One this is the you know, one of my channels This is is totally dedicated to the short scout strategy. And then the other one is our spy spy and es Um, so yeah, we're using the same same thing for spy. Um, you know the spy and the es we're using our Let me get this Let me get my screen right here. So go back to yesterday as an example Um, so we're using We're using algos So again these lines all these lines. I'm sorry if it's a lot of cluster for you but again, I need all this on my chart because Like I said, I want to know where every every key key levels that um with that said these alga levels here You know, we're using these in accordance with liquidity to give us super precise entries on on the spy Because again, as you can see here more times or not, we come within pennies of these levels So we are using these levels to give us super super You know precise entries on our spy options and again We combine that with liquidity because again when you combine, you know These alga levels with the liquidity major liquidity levels. Like I said, we're yeah, so yeah, that's that's it just uh, I think We've answered all the questions here. Um the one one question I had uh Was so on these pullback strategies after big moves like this and you're if you're trading options, um, uh, a lot of times like, you know The maybe the price goes down on the stock, but the options just kind of floats Uh, and and doesn't change Um, do you find that happen often to your to you? No, no unless you're in something that's just got something you shouldn't be in you shouldn't be playing options in Uh, you know a wide bid ask something like that. Um, again, so are you are you trading options for is it for the day? Is it for the week? Is it for the month? Yeah, so that that's uh more times and more times or not. Um, now my spy in es a lot of times if If if i'm okay with swinging, you know, there's a certain instance of where I you know, I don't mind holding some What I'll do is I'll go with my options The way I like to play options is I don't want to have to I don't like theta decay. I really that is one thing that's just Really turned me off from you know options in the past and continue to stay with them And but at the same time I have so many people come into the server that want to just play options So anyway, so again, it really it really helped me to just really just focus in and just really Really uh play uh play a lot of options with them because again, um with our options The way I like to play options is I like to play spy options in the money to negate theta decay Because for instance when you go ten dollars in the money When you go ten dollars in the money on spy You negate all theta decay You pretty much make that to where your pep your that is 100 shares You know 100 or whatever your delta is your you know for that for that spy contract So which I really really like because again, that's I like to be extremely precise With my entries my entries and exits on the spy, you know, and again, like I said the elbows are a big part of that Um, so again, I don't want I don't want to be a situation where I'm giving giving up a lot Um to be able to get in and out of out of plays with my uh with my options there But but no no with the uh the short scalp, uh the short scalping strategy No, no the options like I said as long as you don't have just some crazy bit ass spread No, the options work Beautifully and I mean it's not hard and it's easy to calculate if you're looking for a two dollar dump off that major liquidity Calculate what your delta was. Let's just say hypothetically you have a 50 delta for that option Well, if you're expecting a two dollar dump, you know that it's going to it's going to bring in, you know $100 so again if you've got a 50 delta option like I said you can pretty much You know subtract or add $100 to that contract and put your take profit somewhere around there if you want to you know Set your take profit uh to start with I personally I like to use trade station Trade station allows me to put my entry order My stop loss and my take profit all on the chart all for my options at the same time so again, I uh, I really really really like uh, really really like that because Yeah, I don't want to be in a situation where you know, I uh, yeah something something can get me there So I like to be protected and have uh have that uh that capability So yeah trade trade station is my is my favorite Favorite broker to uh to trade options on Okay. All right. Well, uh, yeah, thank you very much Brett. Uh interesting strategy and uh, uh, you know Nice to to do these kinds of events. Uh, uh after the market here After tom finished up And you know, we've got adding more and more events in here and You know building a nice community. So, uh, thank you very much Hey, I appreciate appreciated bruce and anyway, yeah anytime Anytime you want to come back on and go over some of the uh, some more of the book map strategies be be more than uh More than happy to uh to help anyone that's interested. Okay. All right. Excellent. All right. So, uh, yeah Good evening everybody and uh, we will uh, uh catch up next time. Okay. All right. Thank you bruce. Thank you. Bye. Bye