 Good morning traders, this is Jay Trader over here for another lesson with Bookmap. This morning we're going to cover a few small caps, we're going to cover Tesla, we're going to cover Mark and other trades that we have today. So good morning everybody, welcome. Feel free to reach out if you have any questions. So few minutes to start. As you know we're going to trade stocks, we already went over the main plan, watch list and then also we traded in Jay Trader's small cap room all the stock that is here, Tesla, WLGS, TRVN, MRKR, Mark, also ES for the morning. So welcome everybody. So let's start today with our main play which was MRK and we're going to put over here MRK. So let's look at also the stats for the stock. So we're going to keep over here, we're going to put the key stats and also we're going to put also the history and another we're going to put over here the news. So this is briefly what I do every single morning, I start looking for the major gaps that I have in the market. In this case traders, by the way, good morning Steve, Brian, Greg, Tony, good morning Vic, Mick. So we have this morning Mark over here getting up. We see right away that we have a small float, we have a 30 million float. We have a company, internet content information industry. I can just give it a first look over here financials. So for now we're going to cover small caps but then we're going to go over big caps. And then I'm looking over here at my stats. So this is just a quick fast over here way to filter my gap stats and I just use over here for now 20% and 2 million ball in the last three years. So I can see over here that we have a record. So we actually had a close below the open two days, two times out of two. So what does it mean? We have a stock that had two gaps in the past and that simply faded on the same day. We're going to also put over here the volume up. So we're going to set up the volume together. So we're going to move this to a new panel below. I just need to see the volume in dollars. So we're going to put this volume here and this volume here. Okay. And then once I have this, I simply have to save it. So we're going to save it over here as template, let's say book map. So I just need to show you the key levels over here traders. So we have a company that has history fader. We can see that over here, we have very fast over here at the glance, it tells us how the company is. But if I want to dig further into the financials, I can just click over here and I can put mark. So all of these we can close and I start looking the total of corner assets. For example, that they have in the last over here quarter. So we have 14 million total assets. Then I will look at total corner assets, we have 12 million. And we have total liabilities 39. So this is a very negative sign when for example, you see total assets below or lower off the total liabilities. Okay. This is important. And I'm explaining right now how to read in a very basic way the balance sheet. Okay. So let's see if the company is healthy or not. So more I can look over here the current debt they have for example, 16 million. And then I can start looking over here at the income statement. So we see if the company is actually healthy or not. And I'm looking at their operating come. So everything that is between brackets is negative. We have what we have a gross profit of 371 K 71 K right for the quarter over here of end of March. But then we have operated expenses of 3.41 million. So it means that the company over here is losing at the quarter over here in the March three millions. I can look over here for more. We have also the net income you can see as negative minus 8.6 million. So we have essentially bad financials for this company, all right, which is a company that doesn't have cash and they'll need to raise cash. So often when I'm looking at these charts, traders, these stocks, I'm looking at reason too short. And we'd shorted this at the perfect level. I alerted this. I will share after some charts that the traders in my room took. But essentially when I see these trades for me is like, you know, I'm waiting the moment because I know that this is going to fail. So I have a very high conviction, very low risk, very easy type of trading. Okay. So anybody took this today, Mark, this was a perfect trade for us. Let's go back to our top list. And now I'm going to look at the price section. We're going to keep over here a one minute chart. Okay. So what I see often here, that traders will always be early in shorting something like this because the fact that we know that the company is shady, company needs cash. Company often has the allusion. So I'm going to check over here the filings. We don't take into consideration that this can still extend because they tend to sell this higher possible. And we'll see traders that they'll simply jump early on these trades, right? For example, let me put over here some marks, they're going to start shorting early over here, for example, right? And they're going to start shorting early over here and then maybe adding. And then when is the time that, for example, we have a classic fake breakout like over here, they will simply stop out and then this unwinds. So it's very important traders to understand that the timing is everything in trading. You can be, I would say, right. So you can be actually knowing that this is going to fail, but you can still be wrong. Okay. So this is the main point for me. Just one second. So over here at 942, I gave my first alert. This is MRKR 942 mark bull trap on this bull flag 180 or $2 level to short major trap. So we're talking about exactly the level over here 180. We are watching for this bull flag over here and we're looking for also bull trap. So you can see the timestamps, right? 842 is 942 and we see that we had a top of it here 180 right away slammed down and then we took the fill. We explained over here in 950 that we shorted. We added more 179, risking very tight and then looking for the unwind. And actually I've been explaining to members over here to look for covers all the way down. You can see over here, Mark covering now two thirds of 138. So exactly this point over here. So this is with timestamps. We alerted with an average of 178, risking this high, taking some off over here into the 159s, 25%, taking two thirds of the entire position over here at 137, 138 as we see over here and now we're holding the remaining for the 125 and lower. So this is exactly the plan, no BS total pure trading analysis and explaining to traders how to take this all together. So we're going to look, if you think that we saw in book map, and also we're going to share how to trade this. So I think this is going to be explanatory. This is one of the traders in the room. Okay, so on the left you see book map. So you can see traders that the first part of the move over here is with very high volume. Okay, so this part over here, there starts from 148, 147, you can see the high volume comes in. All these green dots, we have a pullback. This is a normal pullback over here, this is a bull flag. And then one minute after, we have another push. So we went from 146, 147, 148 to 174, another pullback. And at this point you can see that they try to break this level over here 176, it washes and that reclaim 166, 167, high volume over here. And then we get to this point 180 and over here we see that for the first time we have a high liquidity area, look over here, this 180, exactly 936. Now we have a major pullback over here down to the 160 and then you can see this cup pattern. On this cup pattern, we can put this resistor in 180 over here. We know that we have a major supply area, 178, 179, 180, more 183, more 185. So you supply here over here. And then look what happens, we have a break that way 180, we are short with the start over here 176, that was the risk 185s. On this fail, I alerted and wrote in the room, load the boat, exactly where the trade over here took it. First target hit, second target hit over here is scale out a little bit more patient but this was still a good trade multiple hour return. You can see over here once we have this push and it starts like selling off over here then we have an immediate wash. We can see over here the line, our trend line, so you can see once we broke this trend line at 170, right away wash 158, which is this level over here. And then again we start having bear flags. So we had a bear flag over here, this point, we have another bear flag over here, 140 and this is still continuing to make lower highs, lower lows. So essentially A plus setup, reason to load the boat, first cover, scale a little bit more out over here, we covered 25%, then in area over here 137, 138, I said cover two thirds of the position and now we're holding for this 128. Okay, so A plus setup today on mark over here, really beautiful play, low risk and multiple hour return. All right, we're going to cover soon Tesla, we also traded today, yes, this was a major win, yes, I really liked it, I had my baby over here taking a solid, solid win. But before looking at anything else, I want to go over with you and check some of the stocks that we were looking this morning. This is the playbook. So over here we had actually one second, I'm going to put this up. So this morning traders, I posted a few things over here, just to show you the plan that we had. And the first plan of the day was to look for TRVN, let's look at TRVN. Here is a stock that has a fluff news, receipt of milestone payment, 50% fader by stats in the past, high dilution possible fader, what we had this morning, pop to the 135 fader. So TRVN fader over here and we can see also the more, we say longer explanation in room, we had a plan to short, simply looking for that major unwind. Second one this morning was WLGS, so WLGS, they want to use no dilution but 100% fader by history possible fader. Again what we had over here, WLGS fail all the way down to 150, so another fader. So again, WLGS, of course this is only a watch list, then in the room I explain much more and we'll learn the sellers that we have. So in order to learn all the proper execution and proper strategy is about to join the room and see yourself. We're going to look at this place together but now we want to focus on Tesla and this morning in Tesla I sat over here, key level of demand 197, 198 and whole looking for a bounce plate to 205. So we had over here a hold of the 198s and on hold, we had a hold over here looking for a bounce 205, we didn't get to the 205, we had a max level over here of 203. But good read right of the market, I didn't really focus on Amazon later, we focused on yes. Our read that we had this morning on TRVN, WLGS, Tesla, any of you traders took this. So we had two gap and crap on WLGS, on TRVN and also Tesla. So here I'm seeing T-Boar, Tesla shorted 200, okay we're going to review that soon buddy. Good work. All right, let's look at Tesla and I'm going to share with you a few tips on Tesla, I think it's important to review over here together, this over here, okay. So this is Tesla, you know that Tesla is my favorite over here stock to trade, okay. Anybody trades Tesla or likes to trade Tesla, okay I'm reading over here some of your so T-Boar trades Tesla, Morgan trades Tesla, Love Tesla, okay, okay, okay. So I'm going to review together with you the reason over here that Greg trades Tesla that we have over here on Tesla, okay. So we're going to put together some rules together looking also at book map. So let's pop this and we're going to call it traders, okay, so we're going to make a little bit of explanation today on how to win on Tesla, okay. So how to win on Tesla, let's put to win on Tesla, so we're going to call that. So first of all, we're looking at the stock that advantages of trading Tesla, advantages of trading I would say one stock. The first reason is that we have in this case the first reason that we have high volatility. So you want to trade a high volatility. So you want to trade when we have range, high volatility, okay. So remember we're trading when we have range. The second thing is that we're going to trade when we have high liquidity. So we want for example, something that you can simply enter and exit without preoccupation. So you don't want something that you're going to stay and wait to get filled. You want to simply a fast execution, right. So very fast in and out. You don't want to also spread and Tesla right now doesn't have a lot of spread. So we're going to write over here a few points. Really I'm going to write them for you and then post it later. Also we want a stock that works very good with a little flow. And the levels that we have on book map about Tesla are expected pretty good. More you're going to simply start understanding all the little say price section, how it breaks out, how it breaks down, how it fakes the bull traps, the beer traps, how the algos work on the stock on different scenarios. And that's very important because it becomes familiar. So trading one stock trading one simply product could be yes, could be Tesla, could be for example, the same pattern on small cash trading one product makes you become like like affiliate to that, right. So when you trade this is something that okay, you say, I know it, I know how this will react because I have a long experience observing this. And that's the main point for me. So we're going to look for those patterns and that price section theme that repeats over time and you're going to specialize on that. Now you can see this morning that we had a first push 930 when it opened, you can see this first push, and this push over here into this major level of liquidity. Just look at that book map over here 204, 202.40, 202.30, and then from there simply dropped all the way down. So we found over here a user amount of liquidity stacked at 202.40, 202.50, and then simply all the way down to the 198 and 20. Over here we had a previous major support. So you see how the levels repeat. This level that you see over here, this liquidity level over here, 198, 208.30 is the level that we said we're going to look for a possible bounce from here. This from the watchlist. And it actually bounced from there and you can see how it dipped into side equity area. And we start to see a high and then the first higher low at this point, 198 and 60s. I start to push over here, huge amount of volume. Look at this volume and look book map precisely gives you the dip over here into the demand area. So we have the demand area. We have book map over here. This big dot means absorption. There were trade over here. It was trade over here more than 150K. Higher low, second higher low, and then over here we start pushing it upside. Really big move over here. First target again this high liquidity area at 202.50. Making sure our low, our high, this time over here, we start like then breaking down this support, 201.50, simply washes. Now you don't have to take every single move but this is really how it behaves. The most important level over here is that major demand area at 198 and looking together how it trapped over here retailers and also how it dipped into this main liquidity area. So we can see that I wrote over here some questions to ask yourself why not to buy breakdowns, why not to short it to short breakdowns and why also vice versa not to buy breakouts because market will trap and I see a lot of traders losing too much money. Instead you have to use the order of flow, use the pattern that I teach. We're having 77% win rate with all the stats from the starting of the year on Tesla. This is one of the main stocks that we train in the room, both stocks and options. This morning I was looking for 200 calls, options and instead for puts 197.50. The 200 over here, you can see the break of 200, got to 203 and also down right now we got to the 197.50. This is how we traded this morning Tesla and I believe that a lot of you traded. This is one of the main plays for us. I'm looking also over here, a good work by Tibor for example, yeah Tibor I'm sharing over here your chart. So we will see what you did over here, we're going to focus on this part. So I took a short and out over here and then you shorted the top and you saw this big heat map into this area and covering to the dip. Very good job over here and you don't need traders to trade really the whole day. I mean when you take your first position, this could be already your paycheck for the day or even for the week. So just master over here the flow, master the levels, this is a trader how he took it in the room today and absolutely it's perfect, right? So don't trade everything, trade only when you have the A plus setup, just that traders, that you need that one trade, one perfect trade and that's it. So let's start looking over here also at other movers for the day. We have Diffay, a perfect job also over here from another trader. So his work again on the backside of the move over here of Mark, it's absolutely perfect. Here is up traders from small cap room to go back to Tesla. So we are below that resistance 198 and 15, adding into the 11 over here, ascending triangle over here, you can see at this point. So or a reclaim of 198 consolidation above and then pushed upside or simply rejection from 198, 188 and 30 or highs and looking for more than one 186, we're watching out this this level of 198 main target traders hit over here on Mark. So we'll look for now, or as I said at 188 and 30 breakout consolidation then pass the reversal or like it looks by over here, these stuffs into the 188 and 30 more for a short. So I'm more local here for a short. I want to check also five minute chart, major stuff. You can see major fake out this level 198. So possible over here on wine. For now, this is a good fake out over here. So we should see this unwinding at least 197 sellers on order of flow over here. So watching over here towards the price action with you. And that's our beautiful rejection. Let's go back to the one minute chart. Now we've got to those 197. I see over here still high selling pressure. We can have over here the 196 and 20s go back to the five minutes, beautiful work over here. Teebor. Yep. Nice selling pressure from the rejection. We're going to keep this on for now. You can see we're going to the previous low one in 1620. Yes, we trade options and I teach several traders on options as well, especially we have some traders that have a small account. So when I started, for example, trading European stocks, Italian stocks back into the years, my account was very, very small. And the only way that I could build it was using cover warrants. And actually, they move exactly like options. So expiration strike and everything, volatility in the Greeks. So this morning, my plan on Tesla, I can put over here. So you can see simply over here, plan A, we're looking for trend breaking direction possible bounce from now on in the eight. And then over here in the room, we're looking for the 200 calls. And also for the puts, we're looking for one and seven puts in case of a fail. But for us, the main play was the long that we had over here this morning. You can see this major dip level also of confluence, simply perfect over here level. Lowes over here today on Tesla. From this first rejection, we saw over here 198, now 196. Still high selling pressure. No reason over here to go along. I see some traders asking me if they should buy over here. No, the trend is down. There's no point over here on longing. So small bounce over here 195 and 50, but the trend is still down. Lower highs, lower lows, use selling pressure for the day of the day. So that is not your thoughts for now long, TRVN, WLGS, SWAR, two of the small caps that we had today, simply get them crap faders, MRKR. You can see the rejection that I had at the open around 940 into here, the big heat map liquidity. Personally, I didn't alert this, but this is the setup that you can learn and trade by yourself, by following the playbook and for who trades or for who takes the trading course, Mark, the trade that I alerted over here together with the S A plus setup. We took yes for the old fader this morning and over here Mark for the old fader. So now we got to the main target, 178 is our average. The remaining part we're going to cover here to the 130, 128. So watching over here, trade is with you, the price section. Let's go back over here to Tesla. Very small bounce over here, still lower highs, lower lows, so we are still bearish over here. All right, this is the last few minutes together. Do you have any questions? Yes, Staron, we trade futures and we have a section in the room for futures. We also have a trading course on futures. Main ones that we trade are yes, NQ, CL or MASS, MNNQ. Also FDUX and also FTSE for who is European. So a trader here is asking when we can trade in short Apple. A few things over here to say about Apple. So first of all, look at the bigger picture. Over here I'm just representing on any other chart, but the full entire system, you see it from every day when I screen share. So we have a major over here from Staron 2023 uptrend, which is a sequence of higher lows in our highs, simple like NVIDIA. So we have an Apple push over here, simple like NVIDIA. Now you see that I have some levels over here traced. And I'm going back to the daily chart. And these are my levels over here. So if now is going to be a bullish market, so we're going to see, yes, pushing all the major tech stock sector pushing, NASDAQ pushing, yes, pushing, then I'm not really looking to short something like Apple. It's clear over here that we have a highly good area. This is a nice supply area between 175 and 185. But until I don't have a major bull trap, until I don't have a confluence of higher timeframe and lower timeframe, like as I said, a bull trap, a major breakout and fake with a breakout and reversal, I'm not looking to short anything that is showing this kind of strength. So my suggestion to you is don't always look too short, but stay with the trend. Trend over here since the start of the year is bullish. So simply embrace this until the market won't show you. All right. So we are at 11.15. I think we cover some very good features. Traders that will be back over here next week. For who wants to also to follow me every Monday, Wednesday and Friday, are we going to be live on YouTube under JTraderCo on YouTube? You can follow me at Twitter, JTraderCo, or join me to trade with me at JTraderCo in the room. Thank you very much for following us, share with your friends and see you next week. Thank you.