 The broadcast is now starting. All attendees are in listen only mode Good morning traders So welcome to the book map pro trader webinar series. So we have the entire week Different traders that are presenting on Friday though We're going to do a recap of all the different traders as well as our regular book map advanced education Okay, so that will be the webinar on Friday. So you've registered now once for the entire Session or series. Okay, so what no need to to register again All right. Well today we have a professional trader here Scott Pulsini Scotsman trading for over 20 years Pretty pretty incredible trader here. I don't know if you guys know his story We'll probably get into it a bit but as you can see during the years of 2002 to 2005 he was responsible for about 10% of the S&P E-mini futures volume Pretty incredible to just understand One tick and how many thousands of dollars are within one tick You really have to have nerves of steel Anyway, Scott now focuses on trading both the equities and the futures And has a very particular way and innate abilities of reading the order flow and volume and price patterns here So let's just go through the risk disclaimer first here trading futures equities and digital currencies involves substantial risk of loss And it's not suitable for all investors past performance is not necessarily indicative of future results And then one more page here for more information on Scott. Okay, there's this Twitter feed here at Scott Pulsini YouTube you can search for Scott Pulsini. He did a Interview with us. Hey that I think you guys would really enjoy. I'll put that into the chat for you Okay, so look for that and then there's also the book map affiliate link here. So if you are interested in book map With our Educator partners we offer special deals. Okay, so I'll put this into the chat as well And you can check out the special deals offered from Scott. Okay Other than that, let me just turn it right over to Scott and we're gonna get the conversation going here Hey Bruce, how are you? I'm doing well Scott. How are you? Good? Thanks for having me Anna. Oh, yeah, it's a pleasure. So I gave you the the screen there Okay, what do you see? I've got seven screens. So okay I see two girls in in the foreground and kind of desert Okay, so now I see three arrows in book map there. Yeah, I don't know why it keeps disappearing on me here, but I don't know why that's not okay Yeah, so I mean I was gonna show some examples after we got into it, but feel free to ask me anything you'd like There's a few questions just off the bat here guys that all of these webinars will be recorded and I'll send you the the link. Okay It'll be up on YouTube Okay All right So yeah, go ahead Scott and let's let's get a ball rolling here Yeah, I mean I just wanted to kind of you know praise book map I've been trading for 20 years and as you said earlier on I was a You know one of the biggest scalpers in the world at one time when I was averaging 10% of the daily volume every single day in the many S&P futures so back then it would trade about 500,000 contracts a day and I was 50,000 of those round turns every single day. So that shows how you know involved that was on a tick-to-tick basis in the markets and then you know like for most traders back in that time the You know the low volatility at the time coupled with the algos starting to take hold of the marketplace, especially the gas My you know my style of trading just disappeared you know I went from making millions to zero basically overnight and then You know, I've spent years trying to reinvent my style where I can be a little more longer term because you know If you're trying to trade tick for tick and these markets and most of these futures markets I mean anyone will tell you it's it's nearly impossible unless you know how to write programs and Compete that way, but if you're clicking a mouse, yeah, good luck to you I'd love to meet you and if you can show me you've made money consistently over, you know a longer period of time because it's in my eyes It's it's it's impossible. So and that's coming from someone who's who is you know watching every tick of the market all day long back then so Any questions about that? Yeah, absolutely. Um, so How How did you ever get to trading such volume like that and how many ticks or points were you looking for and How could the market handle such such volume like that from from one individual trader Yeah, I mean well, I got started I actually started trading at a firm called King Street trading back then Right right before 9-11 I happened so I was I was just learning I had lost money every day for my first two months of my career I was about to get fired literally Then 9-11 happened and they closed the US equities down for about a week US markets I should say and then so I wanted to get experience During that week so you know I was obviously on the cusp of getting fired So I I went over to the European markets and started trading the German Dax Overnight just to just to get some experience and I just started seeing some things there Where when the E-mini S&P futures reopened I just implemented it there and you know, I went from losing Every day and then just started to make money each and every day You know a small month So I started as a trader as well like there's a misconception out there as well About me is you know that I was like just I was just a huge trader to begin with I was you know A one and two lot trader to start just like everybody else mostly, you know, so But the thing with me is when you know when it clicks it clicks and I knew that I figured something out in the market You know trading futures as far from a scalping standpoint. So You know from that point on I just started making money every day And then I went from ones to twos to twos to fours to fours to eights, you know, so I I was trading You know after about a year so right when I started making money I literally was just making a couple thousand bucks a day Then which I don't mean to make that sound trivial but back then, you know, there was guys on my firms that were making millions So my driving force was always, you know, these if these clowns some of these guys were major clowns So if they can make money, I can make money. So I got into my I Got into the owner of the firm's office and you got to remember I was about to get fired And so I go from that to going into his office and making him a bet that I would be the number one trader the following year, which was 2002 And I think that the guy the year before it made three million bucks or Maybe a little I'm sorry less than two million. But anyway, I ended up winning that bet the following year That's how confident I was and what I was saying in the marketplace. So And then the rest was history, you know, I just started I would just as I got better at it and more confident and I just Suit up my size and you know, I was just a really short-term scalper And you know one of the one of the main games back then was the spoofing, right? It's illegal now But back then that's what the big traders did, you know, you'd have mark you'd have and that that's gonna lead me into What's going on now as well, even though, you know, quote-unquote, there's not supposed to be any spoofing in the market it's absolutely impossible for these for these Regulators to catch everybody doing it, right? I mean, it's there's billions of trades that go on every day every week that there's no way they can catch everybody doing it But the point is, you know, that was one of the games back then is, you know, putting in size pulling it, you know Playing games like that and that's how I kind of you know, once I saw book map It like the light went on again for me as far as things making sense again Because anyone who's been in these markets for the last five, ten years, you try to watch a ladder You know, like I did back then. That's all I used to trade off of. I really even had charts up I would just trade right off of the ladder and watch the market Market, the orders come in and trade off that, you know, just basing my Opinions off that But anybody who just tries to watch a ladder now, you know, crude oil, e-mini, S&P, good luck, right? I mean even the size in there, if you're just looking at the order book On the dome, you know, depth of market. You don't know what's real You'll see a thousand lots sitting there, you know, on an offer and you say, okay I'm gonna sell in front of this. I'm gonna lean on that. You sell and all of a sudden that thousand lot goes to A five lot and then the market just rips right through it, right? So it's like that's why that's why trading or scalping is so hard nowadays is because Back when I was trading you can rely on size in the book So, you know, you would see a 3,000 lot above you as an offer and you say, okay I can sell here and if they start, you know, pitting through that 3,000 lot then I can get out Nowadays, you know, before book map you can't rely on anything. You don't know whether it's real whether it's fake Whether they're gonna pull it have they been pulling it. So again once once I was introduced to book map By dr. Brett Steinbarger It was like again the light just went on for me Can you just give us an idea like I Just an example of like how many contracts you were trading at for like just one scalp and then the amount of money per tick Just I mean really curious. Yeah, I mean I was able to put on, you know my height I was able to put on 3,000 you many S&P contracts But, you know, it's embarrassing to say the only time I've ever had 3,000 on and when I was wrong Right because I was trying to defend my position, you know I would be long and it would keep coming down I just keep buying more and more and more believing I was right and then just get run over right so my average size I'd be trading, you know between probably around three to five hundred contracts And I I would go for a few ticks point two points. Maybe Again, it was all based on the way the orders were coming in the book and the order flow and That's how I traded but I was never I was never, you know And I obviously gravitated at a type of trading for a reason right my mind and this is another important thing for traders It's like you have to do what makes sense to you and what's comfortable for you, right? So it has taken me years Literally years to be able to put on a trade and sit through the nonsense back forth action Right, I mean it was and that's why I gravitated towards the scalping because I was able to get in and out And I didn't have to be tortured by these, you know Where it goes in your favor and then comes back then it's in your face then it goes back in your favor And it's in your face like that would just kill me back then so that's why I gravitated towards scalping to begin with So yeah, I mean I would my average size are probably probably 500 and I could trade up to up to 3,000 at a time If I needed to. Wow. Wow incredible. Well dive right in Scott. I mean like let that's just I think everyone's like super curious here What what are you looking at here and and maybe some of these examples? Get right. So I have some examples of both futures and equities and In my opinion, you know, I've only been following equities for you know by a year and a half now But I highly recommend any trader Start especially with this software the bookmax bookmap software to start watching equities as well because you know a futures market You only have a few futures markets that that a lot of guys are watching right the many futures Crude maybe gold the thing is when those markets aren't moving or they're just overrun by the algos that day You're gonna get smoked, right? So the whole idea of this program to me is to be able to know When the algos are going crazy and just to back off that market But if you're only watching two things, it's like then you're just sitting around twiddling your thumbs all day You know being mad that you don't have an opportunity to make money when you add equities and these individual equities A lot of these equities are not Overrun by algos at all, right? Especially when they're in play as they say so when you know when when there's news on the stock a lot of the algos are Turned off because they know the big funds are gonna start coming in and there's nothing more than these algos hate More is big money, right? That's when they get run over and they have to turn off the turn them off But the 80% of the time in both stocks and futures There's nothing going on and that's when algos have their heyday, right? And that's what just crushes the retail trader getting whips out all day long. So I highly recommend looking at some of these Equities as well. I'll give you some examples some are and I'll just show just not to cherry pick I literally took like three or four just from this morning before I got on just to show you how Accurate or you know, how helpful this can be so You know the bottom the bottom line with this book mad program, you know, I've told told you Many times Bruce that this is the most incredible thing I've seen in my 20 years I mean, I know there's there's programs out there a software out there that reads supposedly reads that you know The Delta and everything else but the way it's presented here It makes it's just so much easier on your brain to look at it You know like like looking at this But you tell me this is not easier to look at than looking at a price ladder moving back and forth with you know 5,000 changes of price and volume, you know, just scrambling your mind, right? You look at this and you see exactly what's going on You can see where the resting liquid offer liquidity was you can see the big buying right through it You can see so this is an example of This is one of my setups and another thing too is I've only been using this program for maybe Maybe the middle of May till now. So, you know, I only have You know a few setups, I guess, I mean maybe five to ten setups, but you know, it's just it's exciting Trading is exciting to me again because every day I get up It's like you can research and you can review and there's so many more things You can find with the games that these hours are playing and when they're stuck and the other great thing about book Math 2 is the replay Option where you can instead of sitting here for three years, you know watching market action minute by minute Until you finally which is usually literally I think that is the what they say is the time span for a trader to become Proficient you can get on book map record your data for the day You know, you turn it on in the beginning in the markets and then turn it off when the markets close You can go back and you can review The actual trading at a you know up to 164 times the regular speed So it's like you can take out days and days and days in just a couple hours and just As far as education and learning like learning the games learning the setups It's so that that's another incredible thing where your learning curve is just it's shortened so much by being able to You know replay the data, but so I'll get into some of these examples. So this is one of my one of my favorite setups in either futures or equities but So you can see here Could you see my arrow Bruce? Yes. Okay, so You know you can see here You had this resting liquidity right around 345 and this is the stock shop SHOP so they bought they bought through this liquidity no pullback bought through this liquidity And then it starts to inch up to this equity. So this is one of my favorite setups where they try to buy it Fails comes back try to buy it again The thing is they're buying it and this liquidity is not it's not going away if anything It's getting they're putting more offers in right so it's like they tried to buy through no Rejection comes back tried again. Not only did it not get it through this liquidity went nowhere, right? So this is a perfect, you know trading is all about risk reward, right? Especially nowadays You have to have multiples on risk reward because you're just not going to make it trying to trade one for one So this is a per example where You know you could even it got you could have been aggressive and got short right here, right? But even if you're a more conservative trader you wait for the pullback again Then it comes up again. Now look at the difference in the buying area, right? You know, so this is this was huge buying, you know indicated by the size of the bubbles Then it comes up here still decent buying comes up here You can see it's starting to wane a little bit and then the last time it comes up. There's there's It's barely anything so not only do you see the buyers failing as far as you know The size they're putting in and trying to take out the market this liquidity has gone nowhere, right? So it ends up Right, so you can see right here, right? Here it is. Here's the move boom And this is a this is a six dollar move on the stock, right? I have a condensed a little bit But I just did this to show, you know, this is an actual trade that I took where You can risk right here. You can risk 50 cents to make six dollars I mean that that's the kind of risk reward that that what is how you're going to be successful, right? So that that's one example. Let's see what I got here for mine So are you and you're covering kind of downward that big volume was Initially like a filled or that big liquidity was initially filled. That's the other thing too, right? You get all these traders that come on with example not in not in your site But you know they give examples of the entries, but it's like, okay great Now when do I get out, right? And you've got it You've got to come up with a system on your own where you're not just scrambling as the market's trading You have to come up with your with your ideas Your your playbook I've learned where You say okay when I see this when I when I see it move back to where the original buying came in I'm out of it all depending on what happens here or I'm out of a piece so you can see as it came back down here the liquidity came back in So it's not a bad idea to take your six dollar move and just get out, right? I think that's another fallacy of a lot of traders where they want this this huge Move back down, right? There's nothing wrong with risking 50 cents and making six bucks and getting out wait for your next up, right? And that's the whole point of Having multiple things you can be watching where you're not you're not trying to milk every last You know penny out of your trade because this thing can easily I can't remember what it did this day This is a couple months back, but this can easily just turn around right back up like take your profit move on, right? So it's kind of a scalping mentality But you're just going for a little longer time framing you're and you're getting multiples on your wrist, right? Does that make sense? Yeah, beautiful beautiful stuff Okay, let's see. This was actually this next one was from trade I took on Friday So this is another thing actually I learned from you Bruce where and it's kind of counterintuitive where So you would think when you look at this chart, right? There's really no liquidity above and you got all this liquidity below So you would be thinking as common sense wise which obviously as we all know as traders It's not doesn't make a lot of sense most of the time as far as common sense It's usually opposite and this is perfect example, right? So a normal trader looking at this would be like, wow, look at all this buying look at all this liquidity Man, this thing is going up, right? And they would get in here and So what I the way I see it and of course and this is why it's really important to get on with Bruce especially when you're starting out to kind of learn how he sees things and then come up with your own ideas but when he had said one time that These markets tend to move to the liquidity that set off a light in my head as well It makes perfect sense. You got to remember these funds these funds and algos like they have a much Bigger risk threshold than the average trader, right? So they'll play these games up here They'll get they'll get short and they'll push it down in this liquidity or if they want to get long This this is showing you what's going on. This is showing you that these these funds or algos They want to get long down here. That's why this has been sitting in here for so long, right? And that's another important thing of what of looking at this is longer This has been sitting in the more real it is right? So we were talking about earlier how You know when you're looking in an order book and you see a thousand line that comes down and it disappears to a five lot And you're screwed here, you know, okay Hey, they're willing to have this in all these different liquidity areas have been in here the entire time So the odds are when this market comes down into it that it's real and you can lean on that, right? If you wanted to get long so this this example was You know, I think this was V with V web right here So I ended up shorting it Anticipating a move in a liquidity right and then once this liquidity got filled just think about it If you're if you're the trader if you're the fund and you want to get long You're gonna put your bits down here and you're gonna try to force either weight or kind of force it into your business This is what I used to do as a scalper, right? I do this is exactly what I used to do I used to put my resting bits in and then I would wait for my Opportunity and then literally push the market into my bit, right? So I would get short short short short short and then it would just I would get filled I could feel like it filled I get filled or if I wanted to get long I do the same thing I get long and then I'd start pushing it, you know back back back up to the eyes. So This is a perfect example. So you can see here There you go. So This so this move the grant of this this was on the The China news but it doesn't matter this was gonna happen regardless in my opinion It just happened a lot faster, but you see this is for example, you can see, you know I got short up here. This is condensed now, but I got short somewhere My you know 97 70 and the thing rips through this the quiddity this the quiddity this the quiddity So now all these guys are completely filled right you can see how it didn't the quiddy doesn't stretch here because they All got filled on their order. So now this fund or funds are all filled on their bit And then the rest of the day, you know goes a little lower here And then once it starts to clear the rest of the day and went all the way back up I think I close at 97 10. So this is a perfect example of The games that they play right they push it into their other orders now they're good to go now it goes back up Right, so it's counterintuitive to start That's the whole point you got to figure out even if you want to be long this stock or whatever it is You've got to figure out what the right time of getting long is right You don't want to get long up here when you sell us the quiddity way for this All these guys to get filled like they wanted then you get long does that make sense? Absolutely, I mean it's Fascinating to hear like, you know larger player sisters yourself and and and these these firms or these funds They're setting targets first and then they're getting involved into the market and you know, it's kind of counterintuitive way of thinking those but You know fascinating to to think about like okay Well, I'm this is where like I think it's gonna go and then let's start to look for Opportunities to get short to go into that area right the key is the opportunity to get short So, you know, if you want to get short here, you know You see all these buyers anytime that you get confused in the market You just got to say well, what would I do if this was me, right? What if I'm a huge trader I'm buying here and buying here and buying I mean you see no red There's no selling at all. So what are all these guys gonna do when this thing gets below this area, right? And we just saw it and you know felt Two and a half dollars. So you can wait. So obviously you don't want to get short right here per se, right? Maybe like the previous example where it came up in the liquidity and it couldn't get through Yeah, that you can get aggressive right there But if you want to be conservative you wait till these guys are off sides Knowing okay, I'm gonna sell here and then I'm gonna watch what happens as it moves into the liquidity and as we saw I went right through everything. So the point is You can be as right as the day is long You have to know when the opportune moment to place that order is so that that's the key to trading, right? And again, this program is is unbelievable and showing you that so this is this moment of futures a little bit So another thing that I've noticed Again, 80% of the time maybe even more it's been a little less lately just because all the news going on But you're talking Overall, you know 80% of the time these algos are just having a field day in these in these futures markets Right because there's there's no big money coming in and they know they can whip it around and then knowing they're not gonna get caught Right, they're not gonna someone's not gonna step up and take their thousand lot away from them and rip it up another you know 10 ticks And gives them a clock. That's that's the whole idea You got to know when it stay out of the market because of the games that are being played, right? So what I look for and this is very basic most charting pattern. This is thinkorswim, but most charting patterns have this I Look for relative volume Before I even consider trading futures anymore, right? So I need to see so for instance, this was about Maybe three times this area right here three times the normal volume That's when you can say, okay, you know your ears get pricked Okay, now I'm interested now then you go to book map to see so what happened here as you can see I'm buying this up But as they're buying it's obviously running in and I'm gonna show this on the book map as well But it's just from a chart aspect You can see it's running into Orders, right? I mean that's why the volume is so these buyers. Yeah, they're being aggressive But somebody's selling it right that or there would be that would be like this Right, it'd be like this mover goes straight up with no relative I am here, you know, people are fighting back So what I look for And this is why you have to come up with your own playbook your own plan. I look for high relative volumes into Areas that I that I understand and then I look for the failure, right? So this one was you know buyers buyers It didn't quite get here and up, but I'll show you why I got why it was aggressive I usually will wait for it to touch it. So this is the daily value area This is VWAP here and then this is the standard deviation of the VWAP So I usually will wait for the standard deviation especially in crew just to see what it does But you can see you know, they they're trying to buy it trying to buy it and kind of fail Then it came came down with no volume, right? So we're all these buyers now, right? So came down here Volume came in again now now the thing is if it would have held here and got back above this area That's a long but they sold here. So now you have volume here volume here volume here So you know, there's a lot of traders with their bets in this area, right? So then you wait to see then you can see it failed failed your VWAP Huge move down. So let me show you what happened on book map Right, okay, so this was the huge buying that we saw So this was this area, right? You can see the huge buyers, right? Like and like we talked about, okay If this is you buying this so you had all the size in the world and you bought of this and then I did this What what are you gonna be thinking to yourself? Oh shit? I'm in trouble, right? So comes down here comes, you know, now it's just playing games So I shorted as it came back into this area here because I knew these guys were off sides And one because of the big buying bubbles too because of the relative volume So I knew there was a ton of traders here that were caught Move down reject it retest I got short. I took a little heat not much I mean, this was you know, I think I was like 8x 9x and then you can see these guys Puped it out, right and I ended up buying Down here so you can see and that's this move here So you can see these are all you know, this is just one piece of the puzzle, right? Most traders trade just off this and some are successful, right? You could probably trade off this when you when you add this in and you can really see what was happening I mean, this is this is I mean When you look at this, it's just so much clearer to my mind anyway, what was going on, right? So when I shorted here, I'm like, okay, these buyers are caught There was a chance obviously there's always a chance in trading I think it was right around here that it could rip right back up But I got this liquidity that I can lean on to and you can see was here the whole time You can see as this market came up somebody put an offer and they're like, okay, let's play, you know, so So I when I sold here, I'm like, okay, I'm gonna I'm gonna sell here my stops up here if it goes above here I'm wrong, right? And that's another thing traders traders need to realize you're gonna be wrong a lot and there's nothing wrong with being wrong Right one you just need to understand why you were wrong and you have to have a risk reward That is that is, you know, where you are wrong. You could be wrong five times when you make money You make, you know, eight times your money on one trade. So that's what trading is I there's such a misconception out there that, you know, every trade needs to be right You need to be right 75% of the time It's almost impossible, right? Unless you're trading tick for tick with an outflow. Okay, so so that was that move That was crude. Let's see what else I got here Any questions so far Bruce? Yeah, I mean, so It's interesting to see like how You're looking at bigger picture stuff here And different things You're talking about relative volume. You're talking about liquidity and But also the psychology here of like, okay, well, this is where these guys are. Where are they going to be wrong? Where are they going to be covering? Of course, that's very important, but Very curious about some of these other kind of longer-term things that you're looking at like the relative volume or I Guess you're gonna go through it in this example again here Yeah, so relative volume, I mean, it's pretty self-explanatory. I'm sure you know, but some traders know what it is It's just showing you When this lights up yellow for me, it's showing me that the market is trading at least two times More normal volume for that time period, right? So for this five-minute time period right here, which was about I'm in Arizona, so this is just before six o'clock Or eight o'clock central So for this time period, this traded almost seven times more normal volume than on this time every day, right? So that is really important information This is when you want to look to get involved not that you see this and also you just start trading it You wait for your setup you wait to see what you want to see then you trade But you're getting volume like this you stay out of the market and that's why you're getting the whipsaw trade because these Algos this is where they make their money. This is where they crush the retail trader whipsaw whipsaw whipsaw whipsaw You think it's gonna break. Oh, no, it went back up So it's like this is where you stay out when you start seeing this Then you can kind of have an idea. Okay, there's some major players involved now Algos are probably run over as well. Now. I'm gonna wait for my setup on Bookman, right? So this was You can see here they tried to buy it through VWAP and this the middle lines VWAP and these are the standard deviations I think it's a two times standard deviation So it you know broke through they tried to sell it still high volume again. This is there's no signal here Right who won you can't tell who won right here. It's a it's a coin toss until you see somebody fail, right? So but you know once it gets above this area and kind of holds or gets below You're good to go right at least for a for some type of profit. So So you had another move back up here on the volume. I'm sorry. I take that back So this was yeah, okay, so then you had so you had high volume high volume And then it started to move above again high volume. This is two and a half times like seven times the volume But again, it's moving up and high volume, but you got to remember if it's high volume There's sellers there. There's offers people are willing to sell so Again, if it would have ripped up and then help I'll be long, but you can see it moved up here now Now I'm paying attention, right? So now let's go to book map. So Here I was a little aggressive, right? I don't usually just pop in a sell order here Especially a big buying, but I had already had an idea of what was going on here. You know, they tried here Again, it was relative I'm pretty high. I see the big buying. I just sold I was kind of leaning on this This liquidity right here, right? Yeah, you see where my stop is This came in after this is another great thing about this you can see like what you were thinking and what you're doing I would have no idea if I you know where my order was Three weeks later or whenever this was you can see I put this I put this offer in early My buy stop to get out right here because I thought you see it ran into here with big buying That's why I sold it. So I'm like, okay So if I'm wrong, it's got to go through this got to go through this at the time and then I'm out Right, so I'm risking it was about 16 ticks But I knew if I was right it was gonna be it was gonna be a great trade again because all of these traders There's there's big bets placed right here. So if I'm right if I'm wrong I lose 15 ticks if I'm right I make For four or five times that right and that's what you have to figure out yourself You got to figure out what kind of relative volume causes What what kind of move can you expect when you see seven times normal volume when this breaks out of here? How much can you expect right? So so I got short there and I think I added on this one as well So So I got short here and then thing broke or you could see this so I was risking 15 ticks This was trading like 56 43 or something where I got short and I covered at 56 86 So I mean that's almost a 60 tick risking 15 to make 60 there you go four to one right But I knew if I was right this thing was gonna break at least 60 ticks based on all this volume that occurred here Relatively right sir big bets being placed wrong puke Fantastic Scott, I'm also just kind of curious if you are looking at kind of market structure Like there's a previous high there and not on the candlestick chart And and it did not accept above that area Yes, I mean again you you have to do so I didn't look at that I was just looking at I was looking at it couldn't make it above this Dva this upper band of the VWAP on higher volume. They failed Broke VWAP, you know, I got I got in here and I added I'm gonna show you how How hard trading really is even when you're right? This one actually hurt. This is a big winner They make 1700 bucks on a two lot, but Yeah, but was that exactly you have to come up with what works for you So I consider and talk to these traders all day long on this is what I saw this what I saw It's got to make sense to you But you know, whatever you see so yeah, you can say it didn't make a higher high right here Then you look for whatever you want and you know, then you see it in the book map Okay, now the sellers are coming in then you can get in there's so many different variations of Putting a winning trade on it's just got to make sense to you, right? This is what I look for this won't make sense to me. It's got to make sense to you Does that make sense to you right right? No, no, exactly so so this was So, yeah, I got out here and then when you see this and some traders might Throw up because I almost did So I got short up at Controlling this very well, but I got short at Yeah, so this was there is this is 50 No, that's not the right trade. I know this is right So I got short up here if you remember it was like 62 40, right? So it comes down here and I was I was so happy to catch that move. I got out I mean you can see right here What why did I get out because I had profit now that that's just that's not a smart way to trade You have to get out when you see a reason to get out naturally because you like that you made You know 60 ticks on the trade. I mean you can yeah You want to take profit but wait till you see a reason to get out What what reason do I have to get out here? Yeah, it was a quick move I mean, where where are the buyers where the buyers where the buyers where the buyers right? So I got out one here. I still held one I mean granted if you have multiple contracts on this out of horrible idea, especially in crew because it snaps back So often it's not a terrible idea to get out of one But I mean looking back at this like there is no reason for me to get out of anything here You know, maybe when I saw the buyers trying. Okay. Yeah, I can get out of one here You can see this resting that was here the whole time. This would have been a more Sensible area to get out of at least one right because you had lick liquidity that's been sitting in here the resting bit You saw some buyers come in real time. Okay. Yeah cover one here But I mean I cost myself 30 ticks just by not holding me here So then it swept down this thing happened so fast it swept so fast It shows my flow here and then didn't even show it till right here where the buyers are coming But I got out because I saw this liquidity here. I saw the buyers coming in a little bit old They were wrong again, and then went it down. I think this went down another dollar dollar and a half You know all traders are gonna be like, oh my god, why didn't I stay in it? You got to be realistic in what you're doing, right? I mean, it's very hard to especially in crew I think you're gonna catch a two-and-a-half dollar move on one swipe down But I was very happy with this journey. You can see right here. I made 1,700 on the two lot Which is that's pretty incredible In that short period of time So does this make sense? There's no reason to get out of here basically. This is just a good lesson again using book map If you're looking at a chart, you don't see any of this You don't I mean, yeah, you see that you see the selling but you don't see are the buyers stepping in right right here It was not a reason to get out right here was more of a reason or here is more reason, right, right? Yeah, yeah, I mean It's hard. It's hard when you see stuff like that But yeah to try to confirm it, you know because it is going into high liquidity there You know around that 6180 or so but It just continues to go right through it right but the thing is liquidity is one thing But if you know, they can still drill it right through there You got to see some buyers winning right you got to start seeing this to even remotely think about getting out Like this was not a bad cover for me. I was fine with this You know, this is how there's no and the other thing is to especially using this program Okay You buy here you get out just in case but when you see this fail again And you see him come in and drill this liquidity in get back in right? I mean this is you cost yourself maybe 15 ticks but get back in get short here Put your stop right here where it came back in here's liquidity right through it Put your stop here and then write it out, you know the selling just got bigger and bigger again I think this went down another hundred texts after this So it's just for example how this is just so much more So much easier on the mind to see what is actually happening if you're watching the order book You have no clue. I mean this stuff's moving so fast. It's just I mean might as well flip a coin and close your eyes Here you can see okay. I'm out. Oh, they're coming back in. Well, they just rip through this liquidity. There's no buying Okay, I'm gonna sell right here. I'm gonna put my stop here and let's see what happens, right? You fall into another eight to one winner. So that that's why this program is the most powerful thing I've ever seen Let's see so this one this is just a yes scalp that I did Another example, so here's the resting lick it's been there the whole time. So, you know, it's legit You know as they come in you can see they bought it up. That's fine That's gonna easily just rip through but hey, lo and behold failure comes back again This is one of my favorite trades where you see him take out liquidity. They think they got it again Always put yourself like you're this trader Are you gonna be happy if you just bought 2,000 contracts and all of a sudden that's in your face It comes up buying starts to drop a little bit the same exact area You could get short here if you're aggressive or you just wait the minute the sellers come back come back in solid Here's the pew boom, right? So you're risking you could have sold right even if you waited to here It is this 2750 ish you can risk two points, right? Once it got back above this area You're risking two points to make no four or five This is a yes. I mean, that's not my favorite market anymore, which is kind of ironic Because this is where I used to dominate but you know, it's just so rotational and just so many whipsaws again That's very hard for me to sit through this stuff. But You know, I remember happening here. I didn't take this trade, but here's another example comes down here You see some big buying as it's free falling Comes, you know rejects comes back selling dries up. I mean, I'm almost certain especially now in today's market That this went right back to the high But here's another example where you just you may have to be looking at a chart You just play, you know what these traders are doing people need to realize the chart price means nothing without volume Volume is what drives the market not price So you can literally make a living just trading off these types of setups without even having to chart up And I know that for a fact because I used to do it, you know with my naked eye with the order book But I didn't have any charts up at the time. So I just did it on pure order flow So when you have both you hit your powerful trader is the point So these are from today Best example So this is Roku today So I saw this coming down. I missed all of this, you know, you can So you're gonna notice too as you see so this stock is not overrun with algos, right? I'm gonna show you an example of a stock that's overrun with algos because it looks like a Christmas tree here You can just see you know, there's these darker areas and you just know like this is not a whipsaw You're not gonna get whipsawed out of your mind with these algos playing games, right? So this is very clean. So it comes down here. This is one of my favorite setups as well Comes in the liquidity not only were they, you know, not only did this put it in a pole There there were no sellers the buyers are stepping up into this liquidity So again, you can buy here you can just buy on this and be aggressive or you can wait for a move and pullback You can get along here too, but you're risking, you know risk it down to 105 80 You're risking 20 cents to make. I mean this again. This is today, right? So this is a this is a two-fold example, right? So you had the buying boom So this is your risk in 20 cents to make $4 is that a good risk reward and your money This is again, why stocks this thing is so it's so accurate even in stocks, right? You think equities are there's so many games I mean look at this doesn't get more. This is today. This doesn't get more clear I mean a five-year-old can look at this and be like daddy that here's where they're buying and I think it's gonna go here, you know, so But this is another example like I showed in that stuck earlier Sine X it's XL and X. I think it was Here's all the liquidity, right? I mean you have one little band of liquidity and then nothing So like we were talking about earlier Some if you're thinking common sense wise, you're like, oh, well, you know, there's a lot of sellers up here I want to get short. No, you think opposite, right? Where you say somebody wants these orders to be filled this market will make it up into these orders eventually, right? Then the key is just to find the best place to get long this at the time as this came down. I Got long this because one I didn't see, you know, I saw the buying here But I also saw no liquidity down here and I saw up here. I'm like, okay Well, this is most likely going to go right back into this liquidity, right? So then so you had this huge move This is $4 in itself I'll show you the duration of this So then again, you have big buying through Small selling big buyers buyers buyers small small sales small selling Buyers kind of starts to fail then it comes up here again. You can see the buying is a lot less is just from the bubble size again This doesn't necessarily have to be a short if you're long This is this is a good I admit these guys start to kind of lose and you could have got out in the air But you could you could have waited to hear and said, okay? It didn't even get to there and okay. I'm starting to sell it you can get out right here, right? So again, that's almost a five dollar you're risking 20 cents to make five dollars type of thing But even if you're looking for a short right a cleared liquidity Clear liquidity and then here it couldn't even get to it and then you start to see this I'll come in you can get short right around here when you see the sellers come and risked up here And you catch another five dollar move the other way I mean it just may it's just such common sense looking at this It just makes trading so much more clear than staring at a at an order book Just a couple more here hopefully this is making sense for the for the Listeners. Yeah. Yeah, we we got some questions coming in and we'll get to them, but keep keep keep rollin Yeah, I got I got two more. So this is a perfect example of Algo run. This is JP Morgan. I look at this thing look at this compared to Roku I look at the difference, right? I mean This is pretty clean. There's only there's just a couple areas of high liquidity and then look at this So you can see see these, you know, I get upset when I see it I was gonna use a profanity here, but you can see them, you know, putting it in pulling it Put it in pull it put it in pull it It's just a big game, right? Then this is what you do not want to participate in this market and in my opinion, right? Why when there's 5,000 other stocks and 30 different futures markets? Why would you even remotely want to participate in this type of market where they are just begging for retail trailer traders to come and Whipsaw your you know, whipsaw your head off. So This is a good. I mean all you have to do is pull up the stock and if you see 50 50 different colors, you don't want to be playing in that market and then my last example again, that was from today as well the JP Morgan and then this is from today as well. So this is a This is Netflix Okay, yeah, so this is another one of my one of my Setups I like so you can see here it busts through and look how heavy this liquidity was again the darker the red the more More liquidity meaning more bits were there. You can see the heavy selling come in They tried to buy it Came down here. I mean you could have gotten short here But even if you wanted to wait because you can't see there's still buyers here That you may not want to mess with it so it comes down here comes up here You can see it just dries up right right in this area. We're sold through you can sell it right when you see them start to come back Back in you can you know sell to 68 risk 60 cents even a little more than that I mean you can go this liquidity this liquidity put it up up here You're isn't 60 80 cents to make you know, this is for our move Right again, and there's no reason to get out. It's sold right through here Retest fail sold right through here. This is where I took the screenshot. So again You can get out here a piece or you can see what happens here Do the sellers continue to win or does it reject and go? I don't know of anything more clear than looking at this to make decisions I mean look at this again like a five-year-old can look at this and look at the colors and say Tell you what's happening. Then you couple that with what you know You know from your trade your experience and with the charts and things like that in the areas that you think are important This is how you make money trading That's it that's it for my examples again, we had three or four just from today Fantastic. Yeah, thanks. Thanks so much Scott really really great stuff Well, let's jump in here Questions are starting to roll in and we'll start kind of from the top here and then and move our way down Yes, this is recorded everybody. I'll show you where that is You know, you can go to our YouTube channel I'll put this into the chat and then there's a pro trader webinar series playlist. That's on the front page of that You know YouTube channel there, okay, and then just it'll be in that That playlist there and you'll see it on the on the homepage here Just give me like, you know a couple hours here and then I'll have it up Okay, because it's gonna take a little while for this to to parse and then I'll have the Recording up for you guys. All right, let's continue on here. Let's see Tom Or let's see who had another question here Is spoofing not still happening often So yeah, I think he he mentioned that Peter that yes, it is it's still happening Absolutely, but the thing is with with this program you can see the spoofers, right? You can see where you know that JP Morgan example right here You tell me is this spoofing that spoofing when you see the colors changing and Disappearing and coming back darker and then disappearing. This is spoofing right whether people admit it or not You know if these orders aren't staying in there when the market comes up to them It's it's flat out spoofing and it happens all day every day and all markets and always has again I used to spoof in 2003 2000 to 2006 It was completely legal, but even even though it's illegal now. It doesn't mean it's not happening So I mean again, this is this is why you can see right here to stay out of the Highly spoofed markets for that day right many days the many S&P here. I'll pull it over right here Right so this is I mean this is a market that looks pretty Christmas tree-ish and I call it the Christmas tree, right? I mean I Just don't want to participate that much in this type of market when I see this I mean granted e-mini looks like this a lot and that's why I don't really trade it as much But when I start seeing you know the relative volume come in right there again, this is right now You know, I don't see Dismissed up the relative volume setting here Down it and just had it now I lost it Here we go Yeah earlier in the day, there was definitely some very high relative I am basically before the market opened like usual But then market opens and you can see this there's there's nothing Anything that's not yellow is not in my you know It's over two times relative I am for that time period right so you can see and then you can also see right here Once I'm open it's all this light blue Which means the volume is normal or less than normal and then you just see constant whip sauce right so it's moving up here I would not be surprised to see this turn around come back down here and just play this game all day Yeah, I mean you can definitely try to play for the range trade, but when you're wrong You're gonna get your head ripped off So it's like unless you can build a program or write programs for this There's no reason to waste your mental energy in my opinion right and again. I've been trained for 20 years and I Have seen it all and I know what is frustrating and this is not a fun market to trade And there's no reason to especially When you have book map for equities as well You just have so many more options now than just staring at the shitty SMP all day long that might be Yeah, fantastic. There's some some questions here on on some of the settings So you're using the the in book map 7.1. It looks like you're using the volume Delta dots Yeah, there's two different types Again, I'm very I'm pretty new to the program as far as all the bells and whistles I'm sure there's a ton more than I'm even using now, which is even more exciting But I believe Bruce that you have the the pie type where it shows you the you know the Total volume. Yeah, but a total volume and it shows you based on the pie, you know, what's Just direct me Bruce. Yeah, just yeah microscope there Yeah, that one and then click on volume dots at the second from the bottom there No, no click on that click on that but then click on the text volume dots there. Yeah There you go. Yeah, you so using total volume. You're using the volume Delta So I mean you can see I it's just not as clear to me, right? Like there's just a very fine line here and what's big big selling versus I mean Yeah, I mean this is bigger selling than buying I know this is confusing to me, right to me It could be make all the sense in the world to another trader for me This versus this is night and day, right? This this is clear as day to me. What you know, what's going on here? There's the sellers sellers are caught here comes a big buying get long retest doesn't come anywhere near You're gonna get long right here Once you see the buying in put your stop below here You have all this liquidity and you saw the sellers fail This is a great risk reward where you're risking literally three three points to make you know went from 88 This is almost a ten point trade nine point trade again This is just me just glancing at this and I hate this market now, but it just shows you Know what to look for it's just this program is the most unbelievable thing I've seen in 20 years Wow, that's just fantastic to hear Can you just right click on the volume dot again? That someone wants to see your settings here and then go to volume dot settings That's a quick way to bring this up as well. So you are using the smart clustering Let's see it's for Tom and he's got it about halfway I mean basically to me that this just looks like you're using the default settings everything's default again I haven't even started it I probably know 10% of the what there is to know in this program and again that makes it even more exciting to Me because as I build my confidence, you know with all these different things Sky's the limit Wow, okay, we've got some questions in here. So let's try to try to get through these. Um, let's see here Can you size in the stocks or I guess, you know Scale into the stocks like you do in the futures Scale in as far as what well, I mean so I mean once you you're looking for just kind of getting it all in And then all out or I mean the scaling in or just scaling into a position or buying position I mean it trades exactly like futures does. I mean you can you can scale in whatever you want, you know here you could You know, I don't like to rest my orders In these markets you can especially if you're getting out, but I like to see what happens, right? Just just because there was buying here, right? This is again This is today This is Roku just because there was buying here at 106 doesn't mean it doesn't go boom and then just rip right through it Right, so I want to see I want to see a setup after I see this to be in my opinion The percentages are way higher that this is going to work out as a trade this right here You could you could buy right here, right? This is not a bad. This is not a bad setup. Just seeing this huge buying into this equity You know, you can buy a little piece again scale in by if you're trading a 10 lot by Three here by five here or whatever it is and then if it comes back Fails just buy some more here. So yeah, you can scale in anything But stocks trade just as well as you know, again if you're not in an algorithm ridden stock You're you can see it. I mean just look how clean this trades right, right Let's see Jay Schwinn, I think he answered the question about what kind of what you're looking for in terms of like a cleanish type of market like cleaner chart He was he was trading crude there. Then he showed the examples of that S&P so And just you know how there's just so much action back and forth on the bid and the offer, right? This this is the S&P today. I mean, it's just you can see you know when they're Even when you try to expand it It still looks like still gives me a headache seeing all this color pull put in pull put in, you know And again is I mean when you see all this and you don't see enough relative volume So, you know, the Algos are just having a field day. This is where you get a whip slot, right? So it's like, oh, this thing's gonna break out. It's not probably not gonna break out because There's no well, you know, there's no relative You want to see relative volume because that means the big players are coming in and they're running over these algos That's what you want to see that that's what makes me happy because I hate algos and I love to see the big player That's why I look for high relative volume because if I don't see the high relative volume I am not participating in these futures period stocks. I will But I will not I just won't I won't do it. I've given away too much money playing these games with these computers, right? That's what blew me out the first time basically Right, right. Okay, so let's see. Hi, and I think that answers your question about Algos, I mean, he's looking for something very specific in any of these markets here Okay, in terms of the algos or the kind of like clean chart or larger players with that relative volume Let's see here. Are you Okay, so Martin, I think you went over also the clusters there for the volume Let's see Tariq I have you've been Tariq's asking about in the futures markets, you're connected with Rhythmic, I know and You're are you have you been playing around with the the market by order data? That is available Didn't even know it existed Explain to me and the listeners. What is market by order? What do I know what that is? Okay? Well, it's a new it's actually it's been out for a couple of years and It is showing you a position in Q I mean if you oh, yeah, yeah, yeah, yeah, yeah CME put that out. Yes. Yeah, only CME only Rhythmic Right and bookmap. I obviously did not use that again, you know, it's traders Especially if you're a new trader you want to simplify it as much as possible You start looking at all that you are gonna confuse yourself to no end, right? I mean, that's another reason I love this program It doesn't get simpler than blue and red and did the blue win and did the red come in? I mean, this is crude right now, right? So it's like Again, you can just trade off this without even having a chart You can see the big buyers they failed doesn't mean you get short right here But when you see this big selling come in you can get short, right? So it's like you get short and just risk right here It doesn't mean it's not a hundred percent. Nothing is ever but you're just so much more informed and it's so simple It's such a simple way to view the market and again You want to make it as simple as possible if you want to be a successful trader It's hard enough to be right let alone confuse yourself with 50 different Don't technical things Right, right. Well, I mean that is something that you know why I Was very attracted to as well as like this is not some sort of indicator. I mean, it's just showing you the market Right, and it's see what's happening, right? I want to show you something really quick. I didn't interrupt your Bruce, but this is a perfect example of Route divine, right? So this is crude right now For some reason when I bring it over here, I lose my I have to expand it Here we go So you can see here Here's the high volume. This is almost four times volume 3.64 a little more right here this buying bar Again try to buy it again, right guess what they're failing. It's holding right here But if I would have to play and then this is what it looks like here, right? So here was the buying here is the heavy buy him that was that was this bar here That was this bar here and then it went higher heavy but heavy buying again relative volume This was like two times normal now. Guess what these guys are all under water It doesn't mean it doesn't mean it can't come back up But the point is if it breaks now if it breaks this area again just looking at the chart, you know Okay, look at all this buying. Okay, if this breaks this area right here These guys are all in trouble right and then you add in a little more again It's what works for you what makes sense to you So I like VWAP you can see it's holding VWAP right VWAP is right where this buying came in But guess what not only if it fails here Not only are you gonna get a puke of the VWAP guys that are I'm sorry a puke of the guys that bought Now you have so you have that added to the fire Then you add in guys that like to sell when it breaks VWAP just brand new selling right So you're gonna get a double whammy here if this can't hold this comes back down You know below 5807. I I'd be willing to wager as a trader. That's what you're doing, right? That it breaks down to the DA here, you know the outer band here because the reason is again, you've got to know When you want to get out and according to this volume. I know there's a lot of volume here I know this thing should at least move 50 ticks if I'm right, right? So if it does break 5807 ish you can risk it to 58, you know just above VWAP. I wouldn't even you know to go up here You can risk maybe 10 ticks 12 ticks, you know if you're wrong you lose 12 ticks if you're right You're making 50 60 or more This is real-time live right now only based on relative volume and seeing that these buyers could be offside Again, now if it moves back above all this guess what these buyers are still right These sellers are wrong and it's going to move up to this liquidity So again just by looking at the quity I'm gonna you know looking at the chart it looked like it might break if it goes below or what I still think it will but If it gets above here now you see look here's the heavy resting liquidity. There's none down here That means they're going to run this thing up to these levels 59 59 for it So again, you don't just blindly put an order in right here You wait to see who's offside who's about to lose then you buy it So I just gave you two different examples of getting long or short either one could be right because that's trading But the point is you know when it breaks out of this area It's going to rip because there's so much volume relative volume that occurred in this area. Does that make sense Bruce? Absolutely. No, I mean it's a it's fantastic answer because like you it's like it can go both there's two scenarios here or You know three basically you could just say at VWAP but like You are waiting to your the setup is here and now you're waiting for the follow-through And when you see that then you you're you're looking for it to behave a certain way or higher probability Absolutely, that's all trading as is probabilities Just sounds fantastic here. So let's see a Few more questions here and then we've because we're already over an hour and it's been Really nice that Scott has made a time talking. Oh, it's been really really good stuff I mean, you know, it would be great to just keep keep going here Here you can hear my passion for this You got to remember I was a one beaten down trader and anybody who traded in the mid to You know late 2000s is Is a beaten down trader or wasn't break beaten down trader many many I'd say 90% of the people that I knew that traded don't even trade anymore So that just shows you how exciting this is that you know I'm back in the game and you can hear the excitement of my voice that finally that's the key to training You're gonna be wrong But knowing why you're wrong is the key when you're wrong consistently you have no idea why you have no chance Like I have no problem being wrong now because then I'll look back you either at the replay or just looking at this and be like Oh, yeah, okay, so I didn't see that or I should have done that It's a whole different ballgame when you're wrong constantly and you have no idea why I mean you might as well just find another profession Yeah, yeah, just like music to our ears here Let's see Greg I think he answered your question there about pulling market makers liquidity spoofing several times Jill he's using rhythmic for futures. He's also connected. So in bookmap you can connect to multiple data providers He's connected to us equities with DX feed. Okay, so that's what's going on there No, David, I mean pulling pulling liquidity and in equities versus futures. I mean All you have to do is just cancel basically And then Arthur you got a couple questions here What's the difference between the high dots and the one that's on a chart you mean to say the pie and the other Okay, so that was the relative I'm sorry not relative. That was the volume Delta Arthur so and that's what Scott is looking at here So when you see you're only looking at someone one here like either buyers or sellers because it's by minus sell So what that means is is the Delta then it's the difference between the two And it's either going to plot it as he's got the aggressive buyers as blue and the aggressive sellers Market sell orders as red. So you have the the kind of Context there who's in control by looking at the size of and color of the dot Okay, and a couple more questions and that that will call it a day here. Let's see Yeah, Arthur, I can go through that with you if you like If you have any any issues on that David, let's see Yeah, so a couple questions on on stocks here and about like being able to put in the size Do you run into kind of any any Limitations there looking at the book and and you know, how much liquidity is there? You know, what what kind of size are you, you know? If you see like a you know, let's say 500 shares, you know at at some of the levels Are you able to come in with like 2000? You know market buy orders or are you are you using some limit orders on some of the stocks? I'm usually market and yeah, I mean you could scare the market a little bit I mean it's all relative, right? I mean different stocks that obviously it's based on the shares outstanding and the daily flow and Things like that. I mean you can you can easily look at the order book and see You know 500 up on every tick is a 5,000 lock and affect the market or scare the market Absolutely, that's what these algos are designed to do And then you put it in as a limit order They run it away from from you right and then you chase it then you get filled and they turn around and run it back the other way so I Usually just go to market just because it's just there's no reason to even put limit orders in when you're using book Map in my opinion because you can see the areas you can see the areas where if it fails We can go market and then put your stop below that area You don't have to you don't have to just let your orders sit there and I hope you don't get run over. Does that make sense? Absolutely, I mean I love the style as well and that You're looking for something specific and then just jump in I mean like you might be left behind with your limit buy orders And or run over right just because or run over because there's liquidity there and you put your bid in say There's a lot of you know bid liquidity or say right here in crew for example You there's a lot of offer liquidity and you put a sell here. Yeah, you could be right But this thing can rip right through it, right? So it's like you want to see how it reacts when it gets up here not not just hope That's the whole idea like you can go you can go to the casino if you just want to hope if you want to if you Want to be an informed and put an informed trade on you wait to see what happens in this area That's why you don't have to worry about going to the market because once I see this fails I'll go to the market right here and I'll put my stop above here if I want to get short if it Rips through here comes back fails starts going back up. I'll buy right here up on my this This is this is where you can you know where to put your orders, right by looking at this I mean it doesn't get more clear than this right, right And then let's see Andrew's asking here about your daily VWAP and Upper and lower bands standard one standard deviation Are you looking at the the VWAP on the cash session or the you know entire like session? It's the 24 hour 24 hour, right, okay That's what I use again. I just I mean I don't get too technical with that stuff that that's basically the default on thinkorswim As I know it's the 24 hour VWAP and that's what I use. I mean that's what works for me again Some people use an anchor VWAP, right? They just they start the VWAP after a big event like earnings or a news report and they started from there That there's all there's a lot of different variations again. It has to make sense for you That's where traders fail and when you get all these emails about all these systems and all this other stuff It has to make sense to you on the areas that you want to trade Then you use the book map to validate those areas, right? That's it, right? Okay, so Let's um, let me I'll take the screen here Scott and I want to put these links back in for everybody and So you guys have a reference to for more information here. There you go. It's me And oh, I'll grab it here. Okay. So, okay Yeah, there we go, okay Okay All right, so I put it into the chat and you know, here's the some of Scott's information you can follow him at on Twitter at Scott Pulsini YouTube search for Scott Pulsini his interview. I'll show you where this is and his book map affiliate link I put it into the chat there as well as his book map interview It's a new interview that we just came up with a few weeks ago. So, you know, everything's pretty fresh there Let me show you on the YouTube channel where you'll find the recordings. Okay, so search for book map on YouTube Scroll down a little bit here Pro Trader webinar series. Okay, it'll be in here and you can this is on the home page here as well It's just click on the link here and you'll see all the rest of the Pro Trader webinars that we have here. Okay So I think that's everything Scott. Thank you very much fantastic presentation and I think that's been really helpful for for everybody so Would love to have you another time Yeah, I appreciate it again I hope it made sense and you know, you can see I'm not some, you know highly technical trader It's just it's just using common sense kind of knowing, you know, the games that are being played and it's about it and again and I Told Bruce, you know when dr. Steenberger introduced me in this program I mean the light went on again and when I told Bruce many times it is the most powerful By far the most powerful software I have seen in 20 years where you can understand what is happening and you don't have to confuse yourself by looking at the Order book and not just trade-off charts and things like that So hopefully people can you know kind of tailor this to themselves But I can promise you if you work at it and you know use the replay function and you know get on the daily webinars with Bruce You will become a successful trader All right. Well, thank you very much and thanks everybody. We'll continue on with the Pro Trader webinar For the rest of the week here 11 a.m. Eastern time and Yeah, just a fantastic stuff Scott Thank you. Appreciate it. Okay. All right, everybody. Take care. We'll catch up with you tomorrow. Bye. Bye