 Good morning traders. Welcome to the bookmap Advanced education and live trading webinar today with Jay trader. I'm your host Bruce and We'll go through Some live analysis from Jay trader who's a professional trader. He does this for a living. He also offers mentorship So we'll go over that in just a minute, but The intro or biography, but we've had Jay trader here for some years now But he began trading at a very young age and trading some pretty big size. I focus is mainly on order flow scalping the US equities and also options in his small cap room This is his contact information here his website Twitter YouTube Email and then also special deals from Jay trader here And then we got to go through the disclosures and we'll jump right in All right, so just a minute here and make sure that YouTube is going correctly Yeah All right So general disclosure all book map limited materials information and presentations are for educational purposes only and should not be considered specific investment advice nor Recommendations live trading is in simulation demo paper trading mode and strictly for educational purposes Live trading executed in simulation cannot accurately represent realistic trading performance risk disclosure trading futures equities and digital currencies involves substantial risk of loss and is not suitable for all investors and Investor could potentially lose all or more than the initial investment Risk capital is money that can be lost without jeopardizing one's financial security nor lifestyle Only risk capital should be used for trading and only those with sufficient risk capital should consider trading Past performance is not necessarily indicative of future results. Good morning, Tony All right, so let's let's jump in here and let's take a look and see what's going on in these markets. I Also want to go over in review Something from from yesterday. All right, so we'll get to that but we just had Some activity here 945 as you guys can see so that was the Flash services PMI And then at 10 as well You can see something So, you know the back and forth in here. It's pretty volatile but The in the in these two data points is it's it's actually pretty pretty interesting order flow around these areas here so we have the You know new home sales and the consumer sentiment from University of Michigan as well, so One was positive one was negative or at least that's the way the market reacted to it and we're just going back up now And this was the kind of bigger direction anyway, all right, we're up at, you know, 40 30 right now And trading into high liquidity here pretty strong move here All right, so just breaking out of this area here now price went way up here previously Or at least let's put it this way the best bid did The transaction took place down here around this 27 and we're already above it. All right in the current market So we're up at 30 at 31 in fact, so this is strong And I would anticipate a bit of a pullback here and maybe a retest right deck down to this 28 level here just The way that this is kind of behaving is trading into high liquidity in here Looking for a bit of a pullback and then we're just you know, basically unless we see something change and shift in the order flow We're still looking for this to climb higher Okay. Now here here, for example buyers buyers lack of buyers So not as many buyers. Okay, it's maybe it's starting to turn into a range bound now Are we getting sellers down here? No, not not yet If we do see that scenario Lots of selling here. We'd be looking for maybe the drop into this kind of 27 maybe Maybe 26 and a half somewhere somewhere around here 26 and three quarters all right, so This is just reading the order flow and understanding the volume pressures as well as the limit order book within this price structure here, and that's it Here come our sellers now. Let's see if they have the potential here to try to just just down to here We're not looking for much You know down to where these buyers came in previously Now the liquidity is down lower. It's down here around this 25 and a half and 25 Right, so we're just kind of noticing these areas in here and looking for Sellers if we get enough sellers we would drop into there now. That's what I wanted to it's a good kind of lead-off into Some of the images that I screenshot took a screenshot from yesterday right, so We covered in detail yesterday Well a bunch of things we you know, we're always going through quite quite a bit in here But there's a two different images I had in here Okay, this one was let's see that's two o'clock there. This is this one was a little bit later So this is the first one here. Can you guys see the distinction in the chart? After you know during that webinar the webinar time was starting here at 10 in this We saw the move to the upside We're on 85 or so what we were looking for and then we just weren't sure In here we're looking you know for something that give us a little bit higher probability We did see I think maybe the sellers come in here and then the move lower Yeah, we did see that and we we called that out in in real time and Then that you know not really seeing much except for maybe here at the well This is where we see the change and this is what I wanted to show All right, can you guys see that change right here? Okay, this is It's really good stuff So this is what we were looking for and covering in the webinar now. We're zoomed out and of course It's in hindsight now of course But we were looking for it in real time. We even if you go back in the webinar, you'll see that we drew Kind of circles in this area here Looking for this breakout. Well, it took it took place, but later Here okay, that's the distinction. It's right here I Joseph good morning Bruce and welcome up. Good morning Sto Bene Sto Bene Holiday qua domani Can't can't take tachy no Regards Yeah, yeah, yeah, yeah lots of turkey lots of turkey here in the States. So We were just covering like something we were looking for yesterday in the order flow and It we were looking for it like all session long besides the the opening And then we saw it. Well, we didn't see it during the webinar. We're outlining it But it happened later. It happened again guys here. Look at the distinction. Can you see that in the chart? Right, do you see the big green dots pulling that market higher and went up to to 4,000 right and and then some So anyway, I just wanted to cover that This was what we were looking for And it unfolded nicely a couple times. I hope that you guys were able to take advantage of that so Anyway, let's let's move on and get to any questions that you have as well as Let's get the screen up for Joseph Alright Let me know Bruce when you can see my monitor. Yeah, hold on a moment here. I'm kind of all over the place There you are. All right. Can you see the chart over here? Yes, got it Okay, so first of all, good morning tweeters today. We're gonna talk about nrbo GSUN and also Tesla So small caps are back definitely But I just want to point out an exercise that I believe also Bruce will you know Back me up on this and also tell you to do it. This is an exercise that I gave to a student of mine Where he analyzes During the trading session all the reversals that we had in this market in this case Tesla And you can see that he has also at those reversal patterns The level of heat map So you could basically spot over here and this I believe it's really one of the best training For pattern recognition that you can do You can basically see the dip over here into this $166 area with the heat map again the rejection over here with the heat map the bounce over here just a little bit far from the heat map with a very Low liquid over here This beautiful over here soak into this heat map over here at 170 So we had a stuff just about 170 then the triple top and then again over here this structure So this is I would say an idea of what you can do. So I believe it will be very useful for you traders And actually just to do every single day Okay, so going to today We started trading today GSU and but we're still actually short on our in our BO Which is a small cap. I went over this one second We have I'm gonna put over here one second the stats So and our BO over here. You can see traders of stock with 30 million float Has a low institutional ownership. So three million float means that they can flow rotate pretty fast The institution is small. No SSR News over here is basically Goldman Sachs now owns 10% over here of the company so an institution Financially over here the company I would say has very bad balance sheet Because yes, they have a cash of six million per quarter left But they're burning. Let's say 800 K per month. So the cash won't last enough No revenues and negative net income like many of the biotech companies that you know, we have around History over here the stock tends to and I went to see every single gaffer the stock tends to Close red on day one Two times out of three with an average extension. So remember this number 24% okay, just remember the number trading here. So what I did this morning was Looking for a possible spot too short the plan was Both sides, so I'm explaining a little bit about the process We have over here and our BO a small float We have a daily supply then we will see this soon. Why is it the supply? I'm sorry So this is a stock with a recent reverse split 130 okay We can see the stock went over here parabolic Came all the way down Yesterday's stock was worth something like 1.20 bucks Course we have over here the form 3 get up 150 extended to this area of high liquidity So why is it a high liquidity here? You can check over here volume profile for example that I know is used by many traders There are different ways to use volume profile, but you can talk about another time I just want to point out to be here that we have a Good amount of supply between 170 and $1 here $190 area and this morning I said that state of supply is between $171. So this means that ideally Into the area I want to take my short So I was looking over here to short into the pre-market high or Be set up taking along at the J-Lines and open Once we had the open over here We can see that the price is always up trending with the J-Lines, right? always up turning with the J-Lines it opens we have this Fast dip over here to the J-Lines Right away you can see the momentum is shifting, right? So we have sellers and then we hear buyers. So buyers stepping in This point over here 156 we have the buyers increasing their position Then more over here 159 So is it good short? Yes the first pop over here 160 to the 150 is a pretty good short That's the first pop that came 160 down to 150. So this is a good short But you have to be super quick in then or getting out or reversing to long position What tells me right now that we're gonna reverse? so In the previous time we covered the reclaim of the open level and The amount of buyers to step in this is a very strong Tape over here. You can see we extend to this $180 area 180 dollar area we start forming That heat map and we went to soak exactly into it Exactly soak into it. So what we did I? Called the trade short 177 176, but not at this point. I Called the trade short exactly at this point Why not at this era? I want a little bit more confirmation over here that we were looking to Consolidate and you know having the last push into this resistance so I Alerted we're gonna short over here gonna take the trade and we're gonna look for a possible unwind this talk remember has No good filings This talk has Also, I use amount of supply 170 190 remember so my trade was 176 We're still holding for 130 This point over here. We had an absorption You can see right here into the 180. It's like a structure that I love You can see for example one of the Trader that I'm mentoring So starting the position and then loading the both on these pops And this is the key this level over here this 180 is the key The same over here Into this Into this chart Over here the trader start a little bit too early But oh, sorry. This was a long. Okay, so this was along the plate This is a pretty good Pretty good short you can see over here the trader aiming over here for the top covering then adding exactly on that point 933 and then even later over here. We had the last push at 940 for the last fail So all the way down now. What's our target on this? Today will be Ideally 130. Okay, so I'm staying on here for the 130. I don't want to cover before the 130 Maybe trailing partially at 140. This is another trade. You can see we hear the trader taking the perfect timing, right? on this pop and Then looking for the one I'm still not covering. So that's called commission Like this type of trading so one field one entry and holding all the way down so we're gonna look now for or Reads and I will read only into this resistance here 156 160 Otherwise straight down to the 133 135 this year down here. So today we had also GSU and we'll cover soon Shorted 273 now the price is 215 We also trigger short two times Tesla and then we had a long set of the person like missed it The short pretty pretty good. So we're gonna view all after those trades But let's see if we can trade this together. You're gonna have more possible ads for today See, you know buyers right now, right? No buyers So we can hold this on the side for a moment. We can upload Tesla That's what today was Quite easy to trade and so we had the morning over here pretty tough on Tesla the gate You can see price made lower lows are high. So it made like a Wedge and then started to break over here this one 74 Which is this over here and started to a trend a dip over here main soak. This was the news that came out So that over here And then you can see buyers buyers simply in remember yesterday was 165 today. We're getting To the 180 on this over here So right now what I'm looking to enter only down here the tailings I'm gonna just share with you a few points Where we had still opportunities over here to enter today and we had this main fake breakdown 178 So this level over here was a perfect good set up Let's see traders even here if we're gonna have any kind of setup to trade this the short or Short sorting to the 180 this main liquidity 120,000 or long into the DNA down here still a little bit of still a little bit of Time to wait before the main set up Joseph, I mean what you were looking at earlier in Tesla and the breakout And what we were just I was covering kind of from yesterday's a screenshot later in the afternoon I mean the same pattern. Maybe you can show that again because like just look it out Easy it is now, you know trading is not easy but if you wait and You see something that is very very telling You have an edge. So, yeah You know if you could show that Tesla again because it is just Super super simple to take a look at course. I have two examples today Bruce if I may have The first one is this morning the short with hook and I just want to point out one thing over here So just look at this one seventy-five here. Okay, we'll zoom out a little bit We had this morning over here the push to this one seventy-five Over here and you can see how it broke right and then it pushed all the way down so this is what I really love to trade and Why because we have a low risk. We have a setup that gives me a very tight risk So this is the level over here and in that moment. I said I'm shorting Tesla One seventy-four eighty for that structure here because I'm very serious about the setup The setup that you see over here is an important daily resistance It's an important pivot is a main fake out that we can see over here So let's turn on the lights on this one So you can see that we go to break traders over here, right? We're breaking this level one seventy-five and then we start going all the way down here. So where are the buyers I? Don't see any more the buyers Okay, I don't see any more the buyers. So it's not important for me to you know look for the top tick I don't care about that I mean there are traders out there that they can do some very good timing What I'm looking is for the low risk entry Okay, and over here you can see that at that time I was explained over here Exactly how to short Tesla for that same reason With all the process and charts and everything over here Now the same setup that we saw here in pre-market we saw it also over here yesterday and I'm gonna take this chart because it's the chart that one of my Mentorings did but I think it's it's a pretty good chart explaining those fakeouts and also those bounces So as we were looking right now that once so many five and we had to break on right away failed Over here. We can see that we had the pushing to the sphere of resistance You can see over here treated that we get exactly to this big heat map So over here you see that point and then reversal and That main point of reversal We can see it also over here Bruce look this structure because today I was laughing because a trader told me trading with book map today on Tesla is really like He said it's really like how you say It's like a trick. Okay, because it's really like Being too simple to trade So I love these trades because they gave me a very low risk and then when I have a low risk I can simply load a size Yeah So what's basically over here rejection bounce rejection bounce rejection bounce and yes and look we were over here 166 main dip main dip Now let's look This this by the way is a great chart because It shows the higher time frame and levels and then it shows the order flow around those levels Exactly exactly. This is a good job. It's a good job that I believe all traders should do it. Yeah They're very very good job So getting back to our trade today or sorry our stock today I I showed it two times this morning Tesla, but I missed this long this long happened over here You know Bruce, this is my setup this long happened over here exactly to the J lines Exactly with the big heat map over here in 945 But I was still going to absorb on others another their charts You can see over here again the fake break the right Absorption over here absorption you can see over here treated like decent amount of volume around 25,000 We breached over here. So we have a little bit of beer trap Okay, this is enough over here to to collect all the all the beers or the sellers over here and getting their Their shares and then right away reclaim over here news out. Okay, so this 945 news came out Dot over here Starting to do reject the first heat map then over here V pattern is starting to reject again And then you can see over here massive amount of buyers 947 exactly this bar here 947 breakout massive amount of sellers up a buyer, sorry and This point over here for me is critical Because if we reject then I want to see really big Magenta print so main sellers the fact over here is that we're making higher lows We're getting above never get to this level. So very strong tape So right now for me is only looking for or debt 180 You know for a possible scalp short even 30 40 cents that would be fine Or looking for a main pullback to this one 77 the main picture this morning is this I Was more oriented for short bias. So this is what I wrote exactly I was be looking for this trendline break over here in a short or a possible rejection this 176 But that's the reason why bias is important to a certain point Didn't have these setups over here to shot up here Then I have a set up over here to short below the 170 so I didn't take over here any kind of Long-range because my setup was over here this morning to short I know always that we can have a reversal And we added like a pretty good one But I know pretty good for the day for trades for win. So over here just wait What we have to do over here. I would look into this Hourly time frame We can see that the majority of The liquidity over here high volume node was traded into this area. So 190 187 to 195 is the main high volume area And over here Bruce, I will say that if we can today close above here the jail as we have a pretty big I would say Expectation to go hit this 185 and then ideally over here the 190. I really see it like this Even the other time over here. So we're talking about one week ago We went to break the hourly jail as we pushed over here into the second jail as so what I'm looking right now is This pushed to the 185 and then we'll see if we can break and get to this 190 territory. Yeah, looks great. So this for now, we have to wait I'm not the micro scalping over here. I'm waiting for you know one main position and and holding We can check also here on meta So make the today very liquid not trending sideways action Let's put Want to narrow it from this. Okay, so we have the same one Okay, look over here made a different different scenario traders different scenario So it seems like it looks like an ascending triangle, right? If you look at the five-minute chart We can see we have a major trend line break. We're curling We have a liquid it over here at one twelve point fifty You can see this point over here on book map, which is this level over here and Then I believe one thirteen one fourteen one fourteen forty. So basically the levels that we have over here One fourteen fifty over here this one fourteen fifty one fourteen Fourteen this high one thirteen one thirteen over here. So liquid is stacked This is a good chart for the day. So good work over here from from Andrew, for example And but this was more like a range trading, right? So the stock doesn't really move It's basically bounce and arranging What I like that you traders look with me right now is The fact that over here the short came One twelve and ten so exactly traders into this first rejection. So we're gonna put a little bit of zoom in Came exactly here and Then the main cover To this low to this low. No Perfect, right? Very good use over here book map and why I say that Try and break right all the way down and this is only the first rate over here So use that book map levels like a Target as well, okay, this is a mean it won't break but that's a pretty good target and Then we had also here the last pattern so very good. I would say read By over here Endure of this trade you can see over here a push into 955. So this area You can see how it exhausts over here rejection Traders taking the trade over here at 112 exactly this point Risking over here just like 20 cents Taking the dump Re-adding taking a dump and covering to this week. You can see also be here Let's point out this this level. So this main wake over here 10. There is there is this. Okay, you can see the covers We go really to exhaust over here. You can see that We have sellers seller seller seller seller last one Never start like simply bouncing over here the other stock of each of today is GSUN so This is one of those stocks that Beginners should trade Easy read The point for me was that and I want to explain about the stock traders Pointed at this stock didn't give many Much buying pressure the gate. So I was really reading over here the The order flow we started treating this very very early. We started treating this around seven So imagine What time you have to be up if for example, you are like in the in the West Coast Around seven over here This is my seven ten. Okay, so I'm gonna say over here so you can see You see over here. This is seven ten exactly this point that I'm pointing over here seven ten You see seven ten the price over here is two seventy three Okay, so two seventy three my seven ten shorter two seventy three Not full position starter 280. Okay, so that's the point Where we started taking the trade And you know, where's the point now over here? For example, the trader here one of my mentoring didn't short over here was still I believe asleep or doing something else He treated later but Others treated with me from here and then you can see this main level of selling pressure over here, right? They went to We said to absorb them they absorb over here this liquidity Accelers are back in play. I don't see any more from this moment. I don't see any more buyers at all And then again, you can see this main selling pressure So the trader over here got the we say to the monitors after The open Level of here to short Last cover here 198 So he basically shorted this push over here into 250 taking 50 cents and over here I don't know personally how much he covered 225, but I believe if this was half and half He took at least something like five six are returned at least so a pretty good trade very low risk and Just simply love to see these These trade over here. Okay, so this is a Clear gaping crap. You'll hear me talking about this often. It's one of the easiest setups that I like to trade Okay, so Keep an eye when you see the setups over here Joseph just I wanted to point out some some really interesting order book Activity there right right around that 930 open So if you can zoom into that area, yeah So so first, you know, they're on there, you know showing quite a bit of liquidity on the on the bid there And yeah, it does trade into it and but then look at that offer I mean, this is this is is called layering that Larger players are coming in every. Oh, I don't know every four ticks or so Yes, like that the same structure Bruce if I may we can see it also how over here Actually over here. Look how this they form a block like a wall over here. So different. No, this is a block over here And this is layering. Yeah. Yeah, and You know, I mean, did that have an effect on price? Yeah look at it course Course of course. It's like they're topping out. I always use this expression They're topping out over here the price section. They create like this this wall over here supply and I don't see, you know, that huge amount of wall of buyers down here When there's this crack through 30 and they simply wash it over here. Okay over here. I think some nice sweeps some stops over here get run over and Simply dumps all the way down to this $2, you know, the whole dollar number then start bounce a little bit Probably from covering and think over here anybody's can bind this this stuff today So I really like this this liquidity. So pretty good tape over here pretty easy to to spot So personally I took this 273 my last cover was bad 217 and I even said pre-market traders If the stock is continue to go down, don't cover everything leave always a partial what I did I cover everything over here and Not really respecting the rules what I said before Amazon got the hand Those still into that resistance Watching over here Tesla as well still we are still an hour below and we put over here back Tesla, which is extending We have a 180.9. You can see the resistance this peak this low Then we have a secondary system over here 182 and 20 I'm gonna put Tesla back So remember what I said before if we get to the 180 and We start rejecting the 180 would be good for even a 30 cent scalp remember said that Well over here what happened? We didn't get to this 180 We got first this 79 90 came down for about 40 50 cents And then over here didn't reject that 180 simply broke all the way up Can I show us something like this right now? No, absolutely. I will be waiting. I will be waiting for a main pullback Well, let's see over here and just wait Just when curling down an RBO. We're still holding Amazon over here to that 94 resistance. So you can see almost same price section as Tesla Mate over here still in that range. So What we saw just now traders is what I call a stuff So break 180.10 right away. You can see over here fake out and then right away dump. Is this a short now? So I'm just simply gonna wait over here. There's a lot of patience involved this point traders. I still see Just a steady trend of trend over here. So staying with really the trend following Just waiting, right? Yes, right now Simply stuffed looking at yes over here. So what we're looking for is a small breakdown of this level And then why until here one 78 So let's see. This is not an A plus setup. Remember Traders show only trade a plus setup. So following the trend, but this is a pretty good level of liquidity over here 179 and 90 more 180 Curling down with an anime. So until this cool curls down we can have a little bit of fail It's already coming down. You can see Testing that support That's not support over here. What's the 950? More liquid over here once in 1985 That's it That's already though after this you put your stop break even go more sellers over here. So they created a little bit of Liquidity area at once in 9 and 55 it went away over here. So similar spoofing Now it's more selling pressure. You can see so subtle jumping in When I'm in a trade what I do, this is important. So try to do it. I look at the bigger picture again So start looking for This is the mirror let the main relative high and Join my fears down till here So on Tesla, remember, we're looking at Tesla gs un and nrbo I'm looking for now these levels of here support of 178 and 80 or 178 and 68 this year We have a possible move down till here down to this fit, right? This 88 fit. So let's see if you can get to there or If you're short of here scalp, no put a stop right here more selling pressure now So we can get definitely through that 178 and 50 Mainly quit it over here 179 It's over here. We're still down trend still making over here still trending now this micro trend over here, right? this pullback below the 90 may of course We are uptrending so we're talking about the pullback what I see over here traders is that Sorry They're starting to put a little bit of liquidity So buyers coming in there we are buyers you can see in so bouncing over here. Yes bouncing over here Tesla Then I have over here a reason to enter well Not an A plus setup not a main support that I really wanted to long Tesla. So I'm still waiting no trade Mate over here giving instead a setup Remember made the sideways, right? So Giving a set up over here 112 and 18 Again 180 Tesla rejection so traders before we're talking about how to short Tesla and That perfect fake out that we said before remember that 174 and 80. This is a mentoring trader that I'm coaching So it took over here a good trade This is a nice four-figure trader For figure trade, sorry. So we had a fake out over here that 174 When we're showing this level over here In pre-market this one actually a three-figure short over here He'll use a like small size, but you can see over here that Went out went out went out to this point a 30. So the process is correct process correct over here So exactly what you have to do when you see that resistance try to work for This is the same trader that I was showing try to look for consistency when you trade Okay, try to look for No big drawdowns and after I can promise you that if you trade good if you respect the rules Your profit will grow. Okay. Just don't trade for the money Try to avoid instead of having big drawdowns. That's a secret in trading if you can manage your losses You're gonna simply have I would say Your best wins your best days We're going over here to Tesla So now the next target over here is this pivot remember we have a pivot over here 181 So we could have a rejection. This is our three pivots 181 let's see over here how will react and I'm not entering over here unless a main Jay slim for a Small fake out trade. Okay. So this would be just a skull trade for advanced readers Not an A plus setup the A plus setup is always following the main. I would say trend. Okay, so trend following very Very close to that 181 Still buyers over here on the tape. You can see traders. We got this 180 point 90 We have over here a main soul commit absorption Well, follow this for now an absorption on this 180 point 50 The only thing I'm waiting over here 181 pivot fake out. That's it. Okay so If I have or 181 or a fake break of 181 will only be a small scalp short over here countertrend Surranging traders. So avoid over here for for now Okay, break out over here of that level 181 not short for me It's still strong. You can see over here. There's the flow. You can see still over here buyers Not strong not Shorting over here not yet. Okay got him right now 181 and 20 short just right now 181 20 short risk is 181 20 So looking for the possible fake out scalp short still holding my position is Going over that 181 and 20. I see still sellers in We'll share the chart over here and book map this core room And in a small cap room J. Andrew Jeter co. So sellers in the tape. I can see There's a high chance over here traders that we're gonna get to this 181 again or maximum the stop will hear 30 30 over here. They're still printing over here some bids The girls now this up. I'm out and down over here Covering parts of this low 181 So I'm sharing over here my charts on this court Book map over here. So you can see the management that I had So explaining The process you can go down over here. So looking for the perfect time This is a very small scalp with the small size just to explain over here the The level of fake I was watching so I'm looking over. I was looking over here for this pivot area I was looking over here for this Area over here of selling pressure and I saw a big seller jumping in every single time eight 181 and 25 21 and 30 this soak Okay, and this lower high give me the conviction now over here The pivot is a strong support plus an anime if we break we're gonna go down probably one buck But if you don't break we have to be you know, discipline to get out this time in the money So looking for that Main Perfect timing to enter you can see Now Still see sellers over here, which are absorbed the fact that you see this side was actually over here They're absorbed so somebody over here buying there's really a Fight over here between the men in supply. Yeah, it looks like an iceberg order there Yeah Okay, I think we're gonna drop right now Bruce. Let's see not yet And again another stuff that we had two three stops over here on the stock this is Just using these previous levels over here means there's a big seller, right at these points Again remember for beginners try always to trade towards the main We say trend so this is just like a scalp counter trend. I'm already out everything in the money For a small win over here only to show you the price action if you will have another set up for free entry We'll call it alert again And now this is up trending. Let's see. We still may sell over here eat one a 130 So the main seller here Basin again this 181 Those sellers over here, but and waiting for now Yeah, definitely consolidation over here. So we have a buyer Constantly 181 over here at a filling. So they always put even if they're subtle here, they're always putting back size Okay, so we went over here from 2000 30,000 then back over here You can see they're absorbing 11,000 then you can see main demand area formed and the same thing over here at the top So sideways action. I mean while you can look at meta Main fake out Remember made this sideways in a consolidation again, you can see Over here why I say often breakouts don't work for this reason. You'll buy out here the breakout of setting triangle 180 one at 12 and 50 push fail over here. You can see that they break The level of resistance they pushed it back up Right away over here comes down Okay, so fake out over here. This is called fake out. Okay, if they break out or in this case also Jay slim I was I'm trying to go Tesla still did 181 Playing games over here at Tesla Joseph, I don't want to interrupt your trade If we see something interesting here because it just traded through that what's That 181 and that we think there's a pretty big iceberg down there. Maybe exactly gets really interesting now Yeah, and we can see over here fake breakdown right away reclaim. So look over here Breakdown over here. They try to absorb breakdown. So short over here We even you know logs that we're selling. They were bought back up over here. Now. They're forming What we're saying before we hear a little bit of layering 181 and 90 and 80 and They're still in this rain still in this rain. So they're faking out the top. They're faking out of the low bold ways another Soke absorption here 181 and then bought back up Careful It's really trappy right now. Tesla. I was simply avoided. I'm very trappy Jump in long over here zero six on the bid Risking 181 So jumping long on this dip risking this 181 going right away my automatic stop So should push to the 181 and 30 But again resist 181 and 10 holding Getting out scratch over here Why because it's not working. So prefer to get out scratch And it's not working and revisit this at the barrier down here Okay, so we're gonna look for that main a plus up Joseph when you have a moment, I do want to go over something that we just just launched So what so we can do it now, okay So people have been asking about it We about a black Friday event any sort of special deals or our sales We are offering it. So let me show it here and Just just release this page So the deal is 50% off first month on all monthly subscriptions So Let me let me show the landing page. I think this would be best okay, and I'll put this into the chat for you guys as well. All right, so Here's the the landing page on the on the website is book map comm slash black Friday Let me put this into discord as well as Into YouTube gonna bring that over here. Yeah, all right guys. So so the black Friday deals here and What we're offering here is Well, it's 50% off of a book map For the first month only And so if though if you haven't tried book map, this is your turn. This is your chance get it for half off and we'll have it on Into next week as well. We have the the pro trader webinars next week. So we'll be covering it then as well But if you upgrade if you're a current customer already Let's suppose you have the digital version of book map digital plus version of book map If you upgrade to global it will still work If you have global version of book map and you want to upgrade to global plus it will work So what you'll do is you'll use this coupon code here On on the book map comm slash black Friday. It's BM Black Friday Input that there's a link in here to use to get this so Just go to this page. It'll explain it and click on the link input the code coupon code And you'll get the 50% off so for those of you that have been coming you to these webinars For a while and wanted to try book map. This is a good opportunity. Okay. That was it I think that's a very good deal. So over here. We had finally this crack one is one. Oh, no Right when I go it breaks Well, it's fine. It's fine. The last way we were along in zero six get out in zero three and I know before this this dump over here now We have to wait this ideally or 180. So the whole render number previous resistance now could be a good support We're actually looking over here for this one's in 950 Which is the genus and that would give me a possible a plus set up too long this thing The same time I'm still looking at NRBO, which is basically lateral sideways So we're holding position. So for whoever was And this morning following over here We got short of here 177. I shared a few charts of what we did Easy setup to trade Major over here supply here on the daily chart Perfect over here poke map. You can see really This was like cheating today using book map. You can see that pushing the liquidity 180 And this is an amazing trade now waiting for this 144 to trim partial But I'm looking for this 130. Okay, so if I have to look over here for the target that 130 And no compromises. I want to see for that Excellent So very low volume see if you're Bruce an existing volume over here So reason to hold the trade and simply Not looking to To cover anything Joseph, you know, you you covered institutional ownership here yeah, and And 10% is owned by Goldman Sachs So, you know, I was kind of curious on how you You view that that's quite a bit they're not gonna let it fail But you know as best they can I guess but the I'm wondering like in the float and you see percentage trading Because you were talking about supply before and I think you were just talking about the supply levels in book map in with liquidity there, but In terms of supply of the float, what Do you look for with institutional ownership for you to start getting interested? For something easier kind of set up or easier read Well anything that has a high institutional So when we're talking about high institutional, I'm looking for something ideally above 35 40 percent Then I'm looking for a potential long play or at least interday long play. Okay, so not something long third When I'm looking instead for shorting Ideally want to see a stock with I would say low institution ownership something between I would say zero and 25 30 percent the lower the better. Okay, so that is really what I'm focusing on this talk over here. Yes as Goldman Sachs that has 10 percent over here an Institutional but is still a low institution ownership stock So below that 30 35 percent that we're all looking so I'm still looking for a potential Unwind I mean we still have a decent trade over here from the 176 holding all down is 160 so now we have to look if it's possible Another add to the short at the point of the stock bruises that today was a threshold So you can borrow only one time or I mean you can borrow as many times you want once you cover you have to re-borrow again So it's not very, you know interesting for beginners Maybe you get stopped the first time and then you have to re-enter so you have to re-borrow again That's the reason why I would say GS you and today was the main set up to trade and Was also the easiest. Okay, simply fader instead of here before we had a push on this one And then start to fade it lonely after the first 10 minutes Okay Make sense Yeah, but for now, we're gonna hold this short. I'm gonna hold this short. No reason here to cover I mean if we look at the stats of the company over here and we look at their financials They can have whoever they want as an institution, but I mean this talks over here This talks No revenue negative net income So what I've been doing lately is of course small caps are my niche But I've been trading a lot of big caps as well and futures The place that we trade are both for the morning and for the afternoon. I Like to focus on one two stocks per day Generally no more than two stocks. I prefer to you know pinpoint good entries one main trade and write it More than you know scalping now on on Tesla We made just a little scalp before to explain the process of The timing of the order of flow Looking for the strains looking for absorption looking for iceberg looking for, you know, all of this together But basically what I what I'm trading size when I'm training like specific size Then I'm looking for the a plus setup like for example This pre-market on Tesla or yesterday short on Tesla This morning the short on NRBO GSUN so these are the plays that are like so I like to generally short the top and try to hold it Or at least the backside or I try to buy the bit over here the dip and try to hold as long as I can So those are I would say the best risk reward trades that they make your crown accounts grow If you look over here again on Tesla traders again, we had the washout and right away that reclaimed you can see So there's still somebody over here that is buying dips all morning all morning all morning Every single time this dips you can see over here Pushes back up dips push it back up dips push it back up And we always have these breakdowns right off heat maps of previous supporting them right away reclaims So this is a say a signal of a very strong tape So right now there's no a-plus setup trade over here. We have to wait for these dips on Tesla Mate over here. It's in range. So no a-plus setup trade Amazon which is one of my favorite we said before we here we had a setup But we're still in the range now. It's starting to uptrend. So we're gonna wait for a pullback By is uptrending pretty good and Tesla over here is finding new highs right now. All right. Good stuff, Joseph Thank you, Bruce. We got to the last minutes any any question traders. I think You have some announcements or you have some black Friday deals as well Yeah, we have a promotion for only this this week So it will be a black Friday 25% off and I will put over here the information On our bundle, which is the chat room beginner course advanced course We trade futures and in major part big caps and small caps These are the bundle codes for the monthly and for the year So you receive all the live streaming interday. You can see my execution my life charts my pre-market plan the in a course advanced course and Also the monthly webinars. We just had for example yesterday a webinar on order flow Tape reading together with book map In in the room. So that was a pretty exciting one so if you want to Get in the room traders. I'm sure you will love it Another fake out Bruce over here another faker. So again for me no point over here to trade this unless we get to that 179 and 16 So we're simply over here avoid trading this unless we get to the dealings Nothing else for now We think we can wrap it up for today No, I'd like to keep you for another hour or two Okay, I mean if my voice still like affords because There's a big sacrifice. I love to be here with you, but Like a week. I'm not feeling that great. I believe that is the winter coming. Oh, it's fine Yeah, no, thank you. Thank you. Thank you so much Joseph really It's much appreciated It's really great stuff that you're going over and should be helpful for All the stock traders out there as well as other traders. I mean guys is just this the same stuff here It it's just some of these small caps are a lot more volatile than And and and Joseph Thank the Lord. I mean, he's it. He's a complete expert in it. So we're gonna get quite a bit From from Joseph here about these small caps and stocks They are pretty wild. So we're very lucky Thank you, Joseph guys. Don't forget. There's specials here from Joseph and from book map here so the links are in there you can see them and Yeah, take advantage of them We will we'll catch up with you. Oh, don't forget hit the like and the subscribe button We'll catch up with you next Wednesday, Joseph. It'll be a pro trader webinar series and Yeah, have a wonderful holiday and Thanksgiving Thank you guys. Thank you Bruce in book map. Have a happy Thanksgiving and see you next week. Bye. Bye