 Okay traders, ready to go. Welcome everybody. Good morning Ellen, Oliver, T-Bor. How are you doing traders? So today we're going to talk about chart patterns using all sorts of flow. I'm over here trading in the Republic of San Marino. If you don't know me, I've been using Bookmap for a long time. I started trading futures and Italian equities back in the days. End of 99 I started in 2000 and 41 years old. Since 2017 I started trading small caps with Smash the bid. And then I created my community where I teach and mentor traders on futures, stocks and options. Over here there's next to me a professional trader, Mabir. And also I'm teaching right now my wife in the academy that I built over here in San Marino. So I started working with Bookmap back in the days as I found a tool for confirming of my trading, what I mean by that. I always look to improve my trading. For example, this morning I had three main setups. I didn't trade big caps yet. I almost didn't trade futures yet because I'm waiting for FOMC at 2 p.m. And that will be a pretty important news. So every single time that we have FOMC, it's generally on Wednesday. I tend not to trade because I simply want to wait for that moment. In that moment, if you really trade the levels, you can make actually your paycheck of one month. And that is true. We had over here this morning Tesla, HOTH, LLAP, I was looking also Amazon and Nvidia. This stock, LLAP, is a small cap. We can see over here, we'll put some zoom for you traders. Okay, there we are. We have a stock with 99 million float. So even if it's a small cap because it's 240, 250 million float, it's still not one of those small caps with 5, 10, 15 million float, which are my ideal ones. This is a stock with 100 million float and has an institutional of 44%. We have also stats. So over here you can see I'm using as you trade. We have a stats that we had a previous gap and a close right on the day. So this morning, my intention for the whole room was one, looking to short this with size. And the reason why is that I started looking at the previous moves, previous gap on the stock. I started looking how it evolved. And this was the previous gap that we had. And I wrote over here, hardly they can hold before eight o'clock daily level here. So we started shorting this. And what does mean hardly can can hold the eight o'clock level. It means it's tends to fade remark and it tends to find a high of day before eight o'clock. Today was a perfect example of this. So we're going to put over here a one minute chart. We had the level of resistance 390. And then you can see over here, we started topping and simply unwinding. Okay, I'm going to put over here this template. You can see eight o'clock, sorry, 715 over here, eight o'clock is this point and then the fader. So this means that by using stats, it's not that simply know, okay, I'm going to trade short whatever level, but I'm going to trade short because I have a daily level, because I have a bookmark confirming the timing, because I have the setup of my strategy. And also, it's a good edge to see what happened in the past on the stock. So this talk what happened, it closed red on the day on the previous gap, where we traded around 21 million volume and it faded before 8am. Okay, so that is the edge for me to take this short. And all morning I was looking this to short, looking this to short. Now looking at bookmark and where this comes to be useful. Look at this point over here. Okay, we start breaking the 7 o'clock level here. This is the high of 7 o'clock, we start breaking it. And the first thing that I do when I have these runners, I look for the daily level. Now, there are two main ways to look for a daily level. One, I look at the daily level and on a daily chart. And I look for those levels that were the price rejected or bounce multiple times. These are called point of intersection. Okay, so one chart pattern that look is point of intersection. Remember, essentially is a point where it was touched for reversal, can be longer, short, multiple times. At least I want that is touched three times. Then I have also daily levels where we have traded high volume. Okay, for a small cap high volume, I would refer to anything above 20 million in these market conditions. Second thing, so after my daily levels, I start looking at bookmark. So we can see this morning, we can trace our trend line from the low, from when the gap started or even the previous day close. And I can have over here a first level of reversal. Now, two main points I want you to focus on. We have this main resistance, you can see here, price was around 6.75, 6.76. 6.65, 6.66, sorry, 3.65, 3.66. I'm winding over here and I shorted this point and I got stop four cents. I shorted even the previous resistance over here and I took a stop of 12 cents. So essentially, I was looking for levels on the daily, but I was also attacking short with a starter position, so not full size loading the boat. Because I had levels of heat map. Those levels give me a low risk because if I short into resistance, I can simply have a tight risk. You can see here, let's go get that level here. I mean, this is perfect, right? I look for the level here, I start shorting below and then you can see over here the dip start pushing and over here I get stopped. The same thing happened here, so I was aware and I was explaining to the traders I teach. I'm taking over here a starter for beginners, for traders in the room, I said wait for the adrenaline break and rejection, which is what you should always be looking for when you're trading extension plays or pre-market plays. And I started shorting over here at this point, you can see the trade started to work, but then we had, right away over here, some buyers, you can see that they stopped to sell, right? They stopped selling over here. Then they started like curling, buyers, I don't see no more sells, and they got stopped out over here. Basically risking this heat map. So these red levels are heat maps. What it tells me, it tells me that this level, is 39,000, 40,000 shares to sell. So now we don't know if it's a short seller, multiple short sellers, or only longer selling their position, but we know that this was a level of liquidity that we can risk into. The shift over here from bullish to bearish happens over here. Everybody can see traders this level of trend line over here. Okay. All right, so this level here is a trend line. But how many times you take a trend line and that trend line doesn't simply work? You take maybe two, three, four, five, six trend lines and every time you complain, this is not working. This is just like another stop, another stop, another stop. So the point for me was to look at a trend line but when I see this trend line, I want to see a rejection. This pullback after the trend line, okay? This is the sharp pattern that I'm looking for. So I want to see exactly the level over here of resistance. Okay, this is the level of resistance here. 380, remember 390 is the daily. We have a breakdown of this trend line but this trend line over here doesn't confirm that we're going to have an unwind and what I want to see, I want to see a reversal to the upside and then a rejection. This is the pattern, all right? So and you can see over here, there's really a shift if you analyze the dots over here, right? Let's just try to push it like this. So study configuration. We're going to put over here the volume dots. We can put the size. Okay, now you can see that it can make even bigger here. Okay, look at these dots over here. The front side of the move is with major blue dots, correct? And then over here you can see up here you can see that we start shifting from buyers, sellers up here, trend line break. You can see that we have big selling pressure. It pops, this time pops into a new level of liquidity. When I say level of liquidity means that we have resistance stacked here at 375. And then after this, you start to see over here sellers. Now don't look at the zone over here because it's 8 o'clock. We have all the data coming out from the brokers, the back orders. What I want you to focus on is really the shifting momentum from the buyers here to the sellers here. And this is really what you have to look for. Okay, buyers versus sellers. Once the open comes, it simply unwinds over here. Straight, down, no major pop, low liquidity. And you can see over here came down directly to the 258. Small pop now, a few minutes ago, and now it's sideways. We are short at 358 today, explaining this in the room. And we're holding traders for a main target today of $2.22. Now we have a high institutional, 42%. So this is one of the reasons where I'm always careful. I always look that the stock has continued to make highs or lows because when we have a high institutional, they often tend to hold the stock higher. Okay, we can look also over here at day two. Day two, we have a close in the past above the open. Day one, so the previous gap, it closed below the open where the havers high, high of day came 930 and with a very small pop, essentially just like today. So for now if we measure the previous gap and today they're the same. Okay, so until we're going to have this lower high, lower low environment, we're going to hold over here for a short. I'm going to do like this one second. This is on a three-minute chart. So you can see even on the chart here, we had a major trend break. Once it broke the trend line break, we started to see lower highs, lower lows and now I'm still making lower highs, lower lows. Okay, what I do is I look always at the sequence of lower highs, lower lows. So here then I put one over here, then I put a one over here, one here and then we had one over here that was breached at this peak but now still unwinding over here. So we're going to see if also we're going to make lower highs, lower lows. Okay, variance is in stock this morning LAP. What are the stocks that you traded today? So Tesla, HOTH. Okay, we can go on HOTH that I have over here and also Tesla. Let's go first to HOTH. So this is a stock that I traded a lot in the past and you always have to be pretty careful with this, especially today that we have an SSR. Why? This stock has a very small float. It has, I call it micro float. So generally I call micro float anything below 5 million and nano float anything below 1 million. So this is between nano float and micro float. We have a stock with SSR. So means under short sale restriction. This means you cannot show it on the bid. You have to show it on the ask. And when we have this kind of scenario with high volume, which is the volume that we had over here this morning, you can see it tends to run. This morning we had a level of 375 from the daily chart. I was looking for that three. Let me see perfectly over here was 375. Let me double check. Yes, we are looking for this level over here. You can see this previous resistance 375 where we traded also some volume around 8 million. So we had a small gap this morning extension over here. We're going to put a one minute chart and then we're going to dive into book map. So I'm not short on the stock. The reason why is that we didn't touch my daily level 375. So I was looking at 375. I know some traders in the room took it and I would say even pretty good. This is Moe over here taking HOTH on the back side. So beautiful job. Beautiful job. You can see over here back side of the move. Personally, I didn't take, as I said, I was waiting more than 375. We had a push over here with a pattern that I call a J-Slim. Bolt trap over here at 365. And then we start to unwind. Look at book map. So, and we can do the same thing as before. We're going to go over here, studies, and I do this to make understand really where's the shift between demand and supply. Okay. So look at this. Over here we have 940 down here. We're going to circle this. Now that red line is a V-Web. Almost always on SSR stocks, before a high volume push, we have this pattern. This is like the loading pattern where big hands, smart money, uses to accumulate trap over here two ways. One, you're trapping the short sellers because short sellers over here on a breakdown, they will start to join the trend. Okay. So of course they will place themselves on the tape, on the book, they will short the ask, and they will get filled and they will look for a disunwind. On the other hand, we have buyers that below this level of 330, 325, just because it's below the V-Web, they will step out. So remember we have a scenario where 940, 945, we are below V-Web. Okay. And this is a common type of manipulation that I look in the market. And right away when we have this reclaim, this is a type manipulation happens generally in the first 15, 20 minutes. We have a bear trap, jail and curl. We have over here a main push, and you can see this volume, right? So we have only buyers over here or the majority of buyers. Look at the structure. We have over here the first breakout, this level, this is 350. Second level over here, we have 360. And then at this point, and then at this point, look what happens. Another J-Slim, right? So essentially, imagine over here to have this line. You can see that we have buyers up here. A lot of buyers at this peak. They're trying to break over here the 360, 365. So they're looking for that push. But we have sellers joining in. Right away on this bar, you can see this is a spike. We start seeing over here more sellers, and then more sellers, and then more sellers, and then more sellers. So I call it, this pattern is called steer-step-down pattern. Okay, it's like a steer. Somebody's bringing down over here the liquidity. So it's like smashing over here all these stops. Every single time that we have buyers, like over here, we have dips again. Somebody is smashing that up. So somebody is selling constantly over here. Somebody over here wants to unload, and therefore you can see the all-on-one. Okay, so we saw before on L&AP, first a stock that ran a couple of bucks, wait for the trend line break, and then you start looking for those rejections to enter short. Here we have a different scenario. So it's not a pre-market trade. It's a trade after the gate. We're looking into the supply areas on a daily. Then we start looking at where we have the shift. And in this case we see that longs are trapped on this J-Slimmer here. This is also bull trap. And once the longs are trapped, you can see the liquidity over here that shifts down from this 365 down to 360, and so on and so on. So what does this mean? Sellers are taking over. Okay? It's a clear, guys. Barton, Thibaut, Greg, Alan. And by the way, Thibaut, no, it's not coffee this. It makes sense, guys. Any questions on this? I wish. I have it over here next to me. Not yet. Good morning, Rob. Good morning, Marcin. Okay, so two main points over here is to trade these small caps. I traded in my life much before the small caps. I traded big caps. And I was trading European stocks, mainly Italian stocks. In this 99,000, if you are from Italy or Europe, you know, Tiskali, Abisco, E-Planet, all of these stocks. Fiat, Medubank, and Mediaset. And I started to trade big caps later in the days. And then only in the last six years, small caps. And I found them, I would say, very attractive for two main reasons. One, there's always something new to learn. So I liked the idea to trade small caps together with big caps in futures. Second thing is that you have a niche. So I run stats, right? And before I told you, today I'm going to talk about chart patterns and we already covered two major patterns. So the trend line break and rejection. And there's this pattern right here. And when I'm talking about stats, I like to run easy back tests. You know, nothing like fancy for now. We can do another lesson at a time. So I go here in history. You can see still how it's unwind, right? HOTH, look the sellers. And I started looking in the last, here I can see my filters. So I can make from the start of the year. So we're going to select the starting of the year. So we put a first January. Okay. We're going to put stocks between one and 15 bucks. Gappers, I prefer gaps above 30%. Institutional less than 30%. Day one volume, at least around 3 million. We're going to put over here, market cap 500 million. Okay. So less than 500 million. And this is essentially a very basic back test. Okay. Only to analyze what to look for. So look at this market. Okay. Why I started training small caps? Because now we had a 73%, 72.61% of stocks that on day one. So imagine I get a big gap like LLAP, like HOTH. Has to be above 30%. Okay. That they close below the open. So they open at 3, close to 90. That's a red close, close below the open. 72, almost 73%. So three out of four basically, they close right on the day. Tell me if that is not an edge. That's the reason why I trade also small caps. That's why it was simply trade Tesla, and media, Amazon, BA, BA and company. The reason is that you have an edge. So once you find the timing, trading small caps is very easy. Okay, guys. Makes sense. That's the reason why I'm looking at this. Questions. Soon we're going to talk about this Tesla. Think also, I would like over here to have pulled explaining about the stock, shorted this around 201, and took it down to the 192 with three ads. Not a bad play. Not a bad play. Okay. This means applying strategy and rules. So Greg is asking, I tend to move my dust sizes around. What's the perfect size during the trading day? I like to have them small, buddy, because like they said, I don't really understand too much. So I like to have them like one fourth of this, like here. Okay. And then I focus honestly on the levels and how the price reacts to those levels. This was an example to show you really the shift from big buyers here and then once we failed sellers. But generally I have like this one fourth of this here, just where it finished the E. I have this like to have like this. Okay. Why? Because I can see the price section. Essentially, I'm looking at price action. You can see how it rejects this level up here that we have. That's enough for me. Okay. Julie, I don't know that either. This morning I saw a lot of traders. All going again trend. And second, fighting the volume. Okay. And in some way, this is, you know, always the human nature, trying to find the perfect point of entry, the reversal, being always right. I'm not. I try to always look for the trend. I may look for the top or the bottom as well. So short and top and by the bottom. But the main size, I'm going to put it if I'm short and back size. And the main size, if I'm long, I'm putting on the front side of the move. Okay. And when I see a strong sector, I tend not to go against it, unless I see the overall sector starting, you know, to be weak and show me a pattern to short. Now Tesla this morning, anybody through the Tesla today? T-Bor, Rob, Tello, see anybody traded Tesla today. So Lambo traded, T-Bor scald, Alan traded, Michael, good morning, Michael traded. Okay. So, let's look over here. Let's take the trade off, off poll this morning. And let's also look at book map. Okay. So I said today, why I was not going to trade big caps. Essentially, FOMC. I prefer the trend at reveal being a good trend, but I prefer to wait the day that we have FOMC for 2pm. So I will be here today, I mean, not on book map, not streaming for five hours, but I'll be over here today trading this. I'm teaching my wife only to trade Tesla, because she told me that she wants to become a trader. And I said, you need two things. One is patience to learn. Second is a lot of sacrifice because you will do a lot of errors and you have to correct those errors. Okay. So that will require a lot of time. But if you have these two, I would say parameters, if you have these two qualities, if you have determination, if you have resilience, so if you want basically to improve your trading, become a trader, I mean, why we're teaching really works. And you can see with the work that pulled it this morning. Now, I told my wife every single day, you have to start your plan from essentially a bigger picture. And I'm going to bring this up. So we're going to review soon the trade on Tesla but I would like over here to everybody puts a little bit of attention on this. So I have, let's say, a stock. Could be small caps or it could be Tesla, Amazon, Meta, Google, NVIDIA, whatever you prefer. My main ones are Tesla, Meta, Amazon, Google, NVIDIA, Apple, not lately Apple, but it used to be, BABA, BA, BIDU, BIND, not too much AMD. I never liked it much. So these are the main stocks that I trade on the big cap land. I remember back in the days when I was in the trading university, I'm talking about 2003, 2004, we were trading like Cisco, CSCO, Wynn, and all of these. It was really a different market, trading those big caps over there. So day trading routine, big caps. First of all, read the daily economic news calendar. I don't want to give up here any, you know, give publicity, but there are a lot of websites where you can see the daily economic news and the one I use is Asusrade. Now we're going to implement also this and much more soon. The levels are very important but before I like to read the economic news, why I need to know that today at two o'clock we're going to have, for example, the FMC or other news. Then I start looking at the news of the stock that I'm interested in. So focus on the news upgrades and press release stocks. So we'll have a scanner with those stocks that are gaping up. Now when you have small caps, you'll look for gaps above 20% at least. Then if I'm looking at big caps, you cannot keep 20%, almost anything on your chart, right? So what does it mean over here? It means that you have to lower this to 1%. Now, before proceeding over here, this is very important. You can use multiple news sources. I don't care which one. Just read the news. It's very, very important to read it. Then it doesn't mean you have the news. You have to treat accordingly to the news because I always say that volume, that section is the lead indicator. Then find the main levels of supply and demand on the weekly chart. So on the weekly chart, I start looking at support resistance. Supply and demand is just like a fancier way to say support resistance. Confirm the main levels of daily week confluence. What does it mean? Weekly, daily, if they're showing you one level, that is a level of confluence. So you have the multiple timeframes that they tell you this is a good level of resistance. Then look at the weekly high volume profile node, HVN. If you run volume profile, I made a video, I think, in 2016 or 2017 with one of my friends. You can check out in my podcast. We explain one hour of volume profile. 2016, 2017 on my YouTube. Final level of pivots that could be in play in a day. So I use very simple pivot points. I study all the type of pivots, Camarilla, you can put the Woody's, you can put like Daswe, all the different type of pivots. I just want something basic. If you had to date Tesla and yes, you could see how those pivots were very, very important. Final levels of pivots that could be in play, then shift to a four hour chart, find supply and demand, one hour and five minutes. So it takes time to make a really precise plan from weekly, daily, hourly, four hours, hourly, five minutes. And then depends if you will trade on a one, three, five, 15 minute chart for the day trade. Important and not a lot of traders do it. Find the institutional levels on your chart where buy and sell stops can occur. What does it mean? Tibor, Mike, Alan, do you know what does it mean this? Or how to find these levels? Niko, how to find the institutional levels on your chart where buy and sell stops can occur. What does it mean? I really want to see traders, your thought process is important. So what does it mean by that? Okay, I'm going to share with you this. So we have over here, Tesla, okay? I'm putting over here yesterday. And look at me. High liquidity is not wrong, but you need more. So where do you think that if you have a ton of, let's say liquidity, a ton of shares or contracts, if it's really an option, you're along, okay? So you bought calls, you bought shares. Let's say at this price at $204. Or yesterday, let's say, or days ago at $200 on Tesla. And you're looking for a level where you will want really to sell and unwind over there. So unload your little boat. You have to create an environment or wait for that environment where there will be enough demand to support your unloading, okay? So you are, like over here, Alan said, an aggressor. You are smart money. You have long, let's say, over here. Now the levels where the traps can occur are breakouts or breakouts. Very, very easy. So what do you do over here? You're going to simply look for a level of breakout, in this case, like a pre-market high, and then on this level, we know it can occur, what? A bull trap, okay? So it can occur over here what I like to see on our reversal FFT mode, FFT mode over here, okay? So fail follow through. So the levels that I say always, look, the levels where it can occur, a trap are the levels of breakout or breakdown, okay? This is very important because it's an aspect in trading that not too many traders focus on, but I can tell you that if you start spotting those levels, your profitability will increase, okay? Write down the possible into-day scenarios setups for the trading day. So what I do, what I told to my wife is this, you have to take your FFT minutes and write down your plan. Don't write only I want to be long or I want to be short. You have to write multiple plans like you want to be long if, you want to be short if, you'll be long in the reverse to short if. So by doing retrading modes, by doing analysis over and over and over, you imprint in your mind, you prime your mind with all these different scenarios so that when you go to trade, you exactly know when something is happening in real how you can start to, I would say counter-react to the new scenario that is forming. It's like if today I started trading long Tesla and I'm simply stick stubborn with my plan, I don't have a plan if things change. I only have a plan if things go long and go in my direction. No. You have to have a plan for long, a plan for short. You have to have a plan if you're long and things reverse to short and vice versa. So that means write down the possible intraday scenarios set up for the trading day. Not one plan or two. I generally generate between three and five plans. And I know exactly the setup that I'm going to trade. And if that setup is reversing, if something is changing, that's exactly what I'm going to trade in that moment. Yes, Alan. This is what I share basically in the room, but let me see if I can bring up one. So for example, this is from yesterday. I was looking at Tesla. I have a simple plan to look for calls in this way or puts in this way. Of course, using the strategy that I teach. When I'm then trading during the day, you see my stream. You see my charts. And if I'm long, let's say with this plan and buying calls in the moment that I have the reverse scenario, I start explaining why I'm changing the plan and what plan I'm looking for. And then at nine o'clock, 30 minutes before the open, I run pre-market streaming where I explain my plan. Having a bias, I think, is a double sword that always can go against you. I don't like to have bias. I only like to have volatility and liquidity. For me, when you go out, traders tell me or people tell me, oh, today was a bad day. If the market went down, you lost a lot of money. No. Because we can trade short and I can buy puts and I just need that we have liquidity and volatility. So I don't really count that. Okay, now that we have made our plan, this was the day Tesla. Look over here, traders. Who trade Tesla knows why this I would say maybe for all, is the most volatile stock to trade right now. I mean, there are days that this can move 10 points, other days this can move 20 points. So even at 10%, there's a lot of liquidity. So you can always get filled. I like over here the fact that really works good with my strategy. If you know, my strategy is based on chart patterns together with book map. Okay. So over here, we had a morning wedge and often we have this morning wedge. This is the open 930. Often we have this morning wedge often. Okay, so really start looking at this for beginners. I don't really tell you to trade open because it's often very fast. You can have a lot of fakeouts. Mark will drive you first long and then short and then right away reverse way for direction and try to find the bigger picture pattern on your bookman like I did over here. Then this morning we can see this push and I'm going to bring up again the chart over here of Paul because I think that he couldn't trade better than this. Now for me trading good means also scaling out correctly. So I don't know over here how it's scaled out but we're going to look at as entry. So as we said we're looking for levels of pre-market where we have resistance. I'm going to bring this over here. Okay. We're going to look at level of pre-market where we have resistance and once the play so once our stock goes into a pre-market resistance often we can have a reversal if we're trading the first minutes on something volatile and liquid like Tesla. Now over here I'm trying over here to put a little bit of okay. So let me cancel this so you can see that here wedge price goes to 200 key area. Everybody's looking at 200. 200 is really the level where above consolidation we push. Below rejection we unwind. What it does over here it push right and you can see that at this point we don't have many buyers so what I did before remember what we did I was looking at those dots okay so let's you can see big buyers over here main buyers break off the wedge break off 200 flips over here to the 200 again lower high. You can see sellers right? Look at those sellers over here we don't break over here the 205 or the 201 we start being weak and when I say weak means that we're breaking down again the support of 200 previous resistance so this is the level once we go below this level we start over here having another small wedge you can see over here contraction okay so I'm going to do this this and this another small wedge and then you can see who's in control over here sellers or buyers people who's in control over here guys sellers or buyers on this one over here once we fill the the 199 the majority of these dots are sellers so sellers are in control it's exactly the field that we have over here you can see the field that we have at this point and then you start simply looking for the trend following and you can see big sellers here and big sellers here so this fill of support okay and this fill of 195 this is what I like to trade okay this is the trend following and then over here we can see that we establish into this 192 main support and we start bouncing at this level okay exactly sellers so let's see over here a question Alan what's instrument to make trade plans on I have my usual five six main stocks that I trade on a daily basis so those will always be in my plan then I start looking for small cap instead for the main gappers with certain parameters could be 20% 2 million volume per market or high institutional low institutional high short flow low short float on SSR not health so many of these stocks and then of course I have always NQ and CL and yes with me on a daily basis so for who trades the futures over here okay but over here we can see a good play on from today on Tesla now let's see this play over here it's on OTH and I'm just posting it over here how it is you got so let's see what this trade is saying the first short was one fifth size because I was not sure if this was the right one and as a matter of fact the shorted front side okay so it's very important over here to understand also the errors after the extension to the 360 I showed on those stopping stills 360 full size not so happy with my first entry because I have a small account so the first thing that I always like to tell you is I have feelers so let's say I want to take 10,000 shares on a 3.6 dollar stock try to have an hotkey or use the window of your broker whatever the window level 2 but otherwise try to have a hotkey for really a stupid size let's say you want to trade 10,000 shares in a day have an hotkey for 200 shares because almost everybody unless you're really systematic and you're just like pinpointing tracing the level and you're waiting for that level you will start shorting earlier and I trapped among all the traders that I mentored one of the most common errors that traders do is anticipation anticipation one of the main fails it happens even to me so what I do I try to be patient and when I want to take a starter I have a very very small starter let's say I want to trade 1,000 shares I will have like a 50 shares starter just like to wet your feet to get like a taste and a feel of the stock then when you have the setup you trade it with relative low risk so you're ready to be here H-O-T-H now let's see what the trader is saying the bottom line a nice green day can't remember my last red days thanks God and Jay for that in the end of the month I posted my February broker streams I made more than 100% of my account Jay Trader thank you buddy but I'm here only to teach you the strategy this is because you are a great trader and you are putting the hard work in so props to you props to you so let's see over here showing the top covering the dips this is a perfect way to trade yes start over here let's start always small again before if you were over here connecting us on H-O-T-H we've seen all these levels over here okay so stair step down pattern big heat maps here this means sellers let's do like this I can I would say explain better in this mode we're gonna do this so the main patterns that you can see over here on book map are these so let's do white and white over here so over here this little right over here explanation about it okay then next we can put this so here we have the liquidity at 365 and then over here what we have starting of stair step down pattern so we have essentially smart money diluting over here and then over here we have more more pressure of the stair step down pattern okay and then over here continuing smart money topping out action and unwinding all of this so if we see all of this all of these all of these liquidity areas are not present on the front side of the move okay so we're gonna make another one over here this time read say here we're gonna write front side of the move front side of the move no major level of liquidity on ask okay so very different scenario is there clear traders any question on this alright so 11-20 let's see if we have more questions so Alan's saying I have an idea but why don't you want to trade today because of M&C it's a Fed minutes no I just want to because I have experience about the market on the Fed I traded some so I'm short on LAP but my point over here is to help today members some book map and I'm looking for 2pm to trade so staying over here for the main news let's see if we have a few more members okay alright I think we're set traders so remember the set of trader today step down pattern the trend line rejection with the heat map so two are different than only a trend line break and also we can see some example LAP HOTH Tesla I hope you enjoyed the session if you need help reach out to jtraderco I'm mentoring traders bringing them to success we have a lot of real traders with us trading the room again see you next week with book map reach out take care, use your stop and good luck