 All right, good morning traders and welcome to the live trading webinar with Scott Pulsini He does this every Thursday last Thursday. He was away. So welcome back Scott and It'll be live analysis and trading From a professional here. It's futures Thursday. He was away. So what welcome back gig is here. So Let's go through you guys know who Scott is. I have his contact information He does offer mentoring and educational services so you can reach out to him I'll put this into a chat for you And then one more thing was the risk disclosures. I need to go through those 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 An 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 All right with all of that said let's turn it over to Scott and let me get up his screen here and If you can start sharing Scott and I will broad re-broadcast that and Welcome back Thank you You got my ES screen Yeah Yeah, I think we're all good. So I was having my problems there was Big eyes firing off here and he has cell ice This is the same area worse and a lot of cell ice fired off on Monday It ripped higher and now we're back here and now it's firing off again. So you can see it's 1300 a year and there's some smaller 62 289 that was a little bit below here. I'm not gonna draw that I'm just gonna use this bigger zone here because this was the most concentrated volume. I Mean technically I guess you could I threshold 700 for ice And yes, this is Close to 700 if you want to make this a little bigger. I'll just keep this on as it is though So bigger picture stuff Yesterday we basically have failed Breakout of a smaller balance area. So this was looking short-term bearish. We caught a short in my trade room yesterday at the close You can see here. We did this Got through this high volume node and then sold down here and then kind of bounced into the close But let's see where we bounce, but we're back down in the same area right now. I'm sorry, Scott I'm we're looking at your It looks like your soybeans Or I'm sorry. Yeah, it's the Z Zs Hold on Let's try this again There we go. Yeah, there's the ES. Yeah That's what I was saying here Never mind. Are you on my thinkorswim chart? Yeah, we see that now a lot of technical difficulties today All right, so this is the balance I was talking about we tried to break out of that and then we failed to this high volume No, we actually caught this short yesterday at the close and then it kind of bounced and we're here again And then you see the cell ice coming in right around here. So We're bouncing we bounced from yesterday was right at the magical Blood wig level we calm lugs in my room. It's a year So we got short from up here wrote it to here I got out I actually tried another short smaller short See if we can come back and we bounced off of this and rally into the close But now we're back in this area again. So If this holds at this iceberg Cell ice We get above there. I will take it along aggressively above there You know my rule of thumb is if we're below the yellow lug, I only take longs Conservatively meaning if there was a say there's a nice sound like we see here I wait for a full ATR retest failure then I would go on but we're at the that the blue lug I will take longs aggressively because I know how powerful these areas are so That's the first step to understand where we're at there So you can see we're basically just hovering in the middle of the zone. So if we get out of here The next step is to see what the ATR is average shoe range for five minutes five point two two is the average shoe range Plug that in and I take 80% of that four point one seven so four and a quarter point out of here I will go long because this is an aggressive entry again It would be I'm getting all that feedback to Bruce with people coming in the room I don't know if you can change that or not Okay, we'll take a look here So if I you know if this rips up here, I'll take this aggressively Are at the blue lug? So I need to see I'm not going to short this aggressively because I need to see new lugs form And then I'll you know if we say we break down a little bit We form new lugs and we get a retest failure that I'll go short So it's either aggressive long off the blue lug or I'll wait for a full ATR retest failure As long as we have new lugs, right? So if this just sits here and we don't draw new lugs Ludwig levels, I'm not gonna. I won't short this right here Another another important area you can see Trying to get in this composite Market profile composite. This was from Bleed January, but it's been respecting it January 18th. This is a multi-day as you can see here Three-day three-day market profile Composite so then I draw that zone and you can see it's still relevant Right, so this was believe one day get inside here closed up here Actually, that was Tuesday came down here try to get in yesterday Rejected it and now we're right back again. So if this accepts in here if this ice Olds the cell ice, which would be a Titanic set up one of my six setups and you expect minimum bottom of this The tendency for these markets once they get in the composite they will go to the other side So this is a pretty poor level to they're gonna bounce again or it's gonna accept and we're gonna get a sell-out So I'm leaning towards sell-off Especially after you know, this is why you want to know what the bigger picture stuff is We I know we're day traders, but you want to know hey, what am I leaning towards here? Does this look this is a bullish or bearish? Well, like I said, we had a fail breakout of this little balance area from Monday So that's not bullish right so I'm expecting and there's really not a lot of structure until you get down to these areas, right? So I'm Expecting that you know, so that's my thesis. I will adjust if the real-time volume tells me something different But as of right now, it looks like we're headed lower Again, I know I have my thesis, but I also have my rules. I Won't just short this aggressively until we have new lugs because again You see how powerful those love with levels are so until we can draw new lugs. I'm not gonna take that short So we got to see how this unfolds here Russell's also firing off. I think I missed a trade here So my thresholds and Russell are 150 see 153 Draw this in case we get a retest Be willing to bet I missed a trade here. So the way you do this again, there's always confusion You draw these owns right here's the spike down here you get your cross here going and you have all you do in court is Incorporate all the prices that we're in that spike, right? So it started here Right, but we did go lower over here That's still within the spike down here. So you want to make sure you get all those prices in there, right? There's the bottom and Then up here is the top and that was sell ice as well. So you'd sell ice in both es and our T. Y. That's that ATR and here is You can see right here in the middle 39 so 40 ticks. I Don't think we got 40 ticks above here. We did not we only had about 17 ticks above there and we've definitely gotten 40 ticks below here, right? So depending on what the lugs were I may have a little get it here I didn't get a chance to look at it because I was having those technical difficulties, but I could have shorted 80% of a of The five minute ATR, which would have been 32 ticks. I could have been in immediately Here stop goes 80% there and I would have caught this move and I'm pretty sure Let's take a look. Absolutely. So these so this is This is where I will get in aggressively on shorts, right? We are below the yellow log That's all ice up here. I would have definitely taken that short aggressively. So I'm basically missed it I may get lucky and get a retest bail. I'll still take a short off of that zone, but I would have already been in there if I was Not messing around with this court So I left this like this as well. You can see actually this is every time I switch my mountain time and when I switch for daylight savings, it screws up all my Profiles, let's that looks better there. This can actually merge Well, this was the last two days. This was yesterday. We couldn't quite get down here. We're just hovering right here So with the market profile, there's questions on this as well, you know, what you want to do I just use it in a very basic sense if the you know that this is the daily value area for the day Meaning we're 70% of the trade occurred, right? And if it overlaps the prior day by at least 50% I will merge the two and then you get your composite and that's what the blue zones are and Composites are very very powerful areas to be trading off of Especially when you can you know overlay the real time volume and you have an extreme edge just with that alone So you can see here we opened up Try to get inside there and now we're just hovering in between here So again if I get a retest this like that ice came in basically right here So if I get a retest I'll short that not like that short some reason if it gets above there And we accept back in this one, then you expect it to get to the other side Bigger picture you can see this showing the chest of in the room on a daily You can see how Incredibly structured for how squirrelly this market is and you can see the structure here. This is this is a daily Remember, so this is months and months and months of balance, right balance areas again are just traders Placing bets try to break out. This is one of my favorite trades. That's a fail breakout You know, it's a fail breakout once it gets to the high-volume note of a balance area I've I've noticed where that most trade occurs in a it's an area It's not an exact price point right so we got through there Then we tried to build more balance to try to hold its head up then we had another fail breakout And then we came down here we built balance for a few months now here Now we try to break out and you see where it stalled the bottom of this and the bottom of this Right, so now it's stalling. So who's gonna win out here in the longs of the short so This is still technically short-term any intermediate term Bullish, but it's still long-term bearish So depending on what happens here if this just fails here and it gets through this we're gonna have yet another Fail breakout if this can get through this area and this area Then we're probably going all-time highs so So if you're just looking at this in a vacuum More markets break out many times They'll retest the top of balance and go or high-volume note and go and it's still a bullish scenario All right, so all we're really doing is pulling back to the top of this multi-month balance So shorter term this still looks bullish All right So again, you want to just keep this stuff in mind that you have another little balance here too You want to just keep the stuff in mind when you're taking your trades because you're it doesn't mean you can't get counter moves But your bigger trade that's gonna probably be right now The long side, right? I mean We still have this but I'm just talking about this It's you're still probably if this gets rolling This is probably coming to the sideline now if we move down. It's gonna it's gonna hit some Some friction trying to sell off because all the guys that were short in this is longer-term traders Once you do that, they're like, oh, no, we're wrong as it comes back to this area That's where they cover right? So it's that's where you get the retest failures. It's so that's why it's a lot times hard for this to Continue to sell off because all the guys that were caught are trying to cover But once you get to the side by you know, then it's go time like we did here and like we did here so Who stops top by NQ? 156 contracts My point is it still looks pretty bullish Doesn't mean it won't take the short but just keep that in mind if we get inside this market profile You probably can expect to move all the way to the top ring between right now. Let's see. What's going on in as they hear that stop run It's a hundred and forty two, you know, I like seeing closer to 200, but there's been absolutely nothing in here today My my bare minimum is usually 150. This is 142. It's close enough. We can draw this zone Just because there's absolutely nothing going down in this market yet. So It's again incorporate all your prices Stop zones yellow or white or orange whatever color that is Would make it orange, but it looks too much like the liquidity. That's why I make a yellow. All right, so that's that that's step one Step two ATRs 28.24. So we know that The order stops and entries 80% of that is 22.72. So I round up 23 points and we go to our lugs So short wise I will take so here's your zone that just fired off right now the other screen I just showed you on bookman. I will take shorts aggressively meaning 80% of an ATR, which is 23 points. I will take that aggressively To go long because we're below the yellow lug I need to see full ATR retest failure and then I'll go long And you can see what just happened here This was a few days ago. We closed right at the top of this gapped up out of it And then yesterday came down came close to testing it closed here today try to get inside back outside here So from a market profile standpoint, this is looking like we may Do this again it because it's not accepting in here Remember you want to see it accept if it accepts in here, then you expect the other side this thing instantly rejected So this is looking like we may get a rally. I will go long even below the yellow lug But I need to see a full ATR It does right so we need to see it's 28.4 So we need to see 28 and a half points above here retest failure I will go long 80% of an ATR 23 points my stop will go 23 points below there And then what I'll do is I'll use the lugs as targets So if I get long that We get rolling I will watch Yellow lug and baby lug go baby lug in the rooms and that's gonna be confluent with extreme standard deviation of VWAP as well So these are good areas to be Piecing out of the trade I'll try to hold one as long as there's no volume signal counter-volume signal on the SI indicator I'll hold at least one and try to make it up to the red lug So we'll see how that plays out Still in the middle of this zone So remember I'm taking this aggressively out of here because we're at the blue lug in ES Let's see if we retested that rustle So again, I should be short. I would have been sure CW Any questions Bruce on that stuff check out wheat no not yet See the size coming in here for soybeans. I like closer to 200 wheat You can use 150 this is you can see it's still coming in but this is this is adequate to draw as long on See where they try to buy this aggressively That's what the bubbles are showing you the market orders and they ran into a mouthful of cell ice and then an instant rejection So they can't be really happy about that That's that we'll make it other prices on that one. So that's step one wheat ATR is four and a half you can see right there in the middle of my screen or middle this box 4.5 to 8% is 3.61 so three and three-quarters points would be an 80% of an ATR and we check our lugs See we're right at the red lug. So I will take shorts aggressively Doubt there's new lugs, but I'm trying to refresh this thing because I didn't restart my serra chart I don't know why there's no refreshing So if you guys watch that video, we've talked about this multiple weeks. I posted it's been posted many times If there's you guys don't have it someone can post it Um I had a one-on-one with Pamela Ludwig. She's the developer of these she's been around for like 11 12 years Many loyal followers because you'll see if you she's got a free day trial Get on there so you saw it on book map and you'll get some you get some perks, but God and at least watch these things and you'll be shocked and not while they work like Guys in my room all the time are like I want to marry her and stuff like that. That's how powerful they are, but um, one of the things we talk about is we talked about on that webinar is when the market moves above or below the the um The red or blue lug which are the major lugs and they instantly rejects it That's a sign that that's gonna happen right because it didn't it didn't have all the qualifications to draw new lugs You know kind of like we did here Um, so that is a good sign That this is gonna fail right so you just keep that in mind But I I because we're at the red lug and we're failing back under it. I will take this Short and wheat aggressively Right out of this known so we're still in the middle of this zone So what's aggressively 80 percent of an at r at r is point 4.5 2 3.61 is 80 percent round up to 3 and 3 3 quarters because it's obviously it doesn't trade in decimals So I will go short 33 quarter are there. So let's see that's Seven and a half points in risk because if I get filled after risk 80 percent of an atr above the zone Right and the size of the zone is another five points So that's 12 and a half points of risk. So then you look at your Risk calculator and it's the same values as tick size as es so you can just use the es When I just say 15 and a half points Yeah, so I could put on a three lot So this is you know guys in my room get this there's a couple different versions You put in what your account size is and what you want to risk per trade And then it tells you the size that you that you should be trading Very this is the number one thing you should be using before anything else Because if you're trading too big for your account, you will eventually blow out your account Without a doubt Might get lucky for a while, but you will blow it out I'm going to try my best not to go on those rants today because I've said it about 4 000 times on these webinars All right, so we got that ready to go So the trade I missed of course it's working perfectly and then we're still on this zone in es NASDAQ did we get An atr below here I should have been short this market didn't I say I was getting an aggressive leak below the olag 28.61 23 points I was supposed to be short I'm okay now so it puts me at basically 08 So I should have been filled there, but I'll put this in now as a short if it comes back there So again, I'm going short this stop run on Because we're below the yellow lug I'll go I'll go aggressively short Right and then if this starts rolling back down, I'll watch the blue lug This is interesting, you know This Look like it was going to reject it now. We're right back in it. So the next move down here is probably going to accept it And you can probably expect that So we'll see so filled on that So stop now goes 23 points above here 80 percent of minute 5 minute atr puts me at 70 77 50 natural gas numbers coming out here in a minute to short that I should already be short Roussel we call it roussel. So my patent filled to almost the tick Let this work. Let's see what happens So say this comes up full atr below here. What do I say? 29 So say for instance, there was some confusion on this in the room the other day, right? So say this comes up We did get a full atr below here, right? So that disqualifies this is a long setup now So say this does come up stop me out and say we got a retest failure in this zone I would not take that long because we this this is how I trade these right if it gets a full 5 minute atr above or below It disqualifies it as a trade the other way, right? So I would not take it long off the zone Now I'd have to see something new to take along so all I could take on this is shorts All right, because we got the full atr below there got that working Still waiting to get out of this zone in the yes Possible possibility of dueling positions on here if I get filled on this long That's about it. Not a lot going on right now any questions Bruce still waiting to get filled on weed as well Yeah, just a request to look at gold Yeah, actually I'm long gold right now. I got long before the open. It's just bouncing around as usual um So this was remarket It almost 400 stops. That's this yellow zone And then we had the logs We're above the yellow lug, right? That was bullish number two and then this was today So to see yesterday Like you can form like a story in your trading, right? So you see yesterday's trade. I spread this out, right? Came down we opened up right here tried to get outside this guy. No got back inside Other side right closed right here this morning came down Tested right where the point of control is that's where the most trade occurred in the in the composite Came up here launched out of here and now we're sitting here. So expectations as Are I should say that we At least get to this and you want to see if it rejects or if we get inside here Then you can expect to move the other side. So this is looking bullish here here Bigger picture stuff This mark is just throwing me for a loop the way it's been trading lately and we had you had this balance here Well, first of all, you had a fail breakdown here, right? See that is to rejection see the buying tail Then we built balance over many days. Then we tried to break out and we built more balance This should have done that instead we come down. We violate the high volume node looks like it's going to zero Then we bounce the exact same spot that we did over here All right, and then we built balance over the last two days and now we're breaking out of that balance So this looks like it's going to motor up here now. This is an important area you want to watch Why this is directional conviction Those are very important one of the four important areas of charting or big moves start from right? You can see that right bar started right there and led to this eventual huge down move You know 1960 down the 1800 19 hundreds that's like six 700 tick move right 70 dollar move So if we do start rolling up you want to keep a close eye on this to possibly take some profits 1958 That would be around here. That'd be real close to this the point of control of this composite. So You know if we do get in here So say I'm already long and we get inside here say this accepts in here start rolling Well, you definitely want to watch this area To get out of You know doesn't mean you have to get out of all of them because you'd expect at least this This is all barring new setups the volume setups in the opposite direction right say nothing happens You just hold this thing the scenario you want to watch because that's where that directional conviction started And then you want to watch the top of this And and also the red lug which is going to come first. So I personally get out at I'll get out at the lugs just like I showed you earlier because they're so powerful Right, so I'll get out and then I'll wait for new ones to form and then you'll most likely get a new volume set up And you can get back it right. So that's how I That's how I trade those But I'll you know, this is only You can see where this red lug is it's right at the bottom of this composite, right So that's not a bad place to get out and then wait to see if we can accept in it Into this and then build new lugs All that and I'm just I've been long for hour and a half So that's gold and they get stopped out of this So basically if I get stopped out of this, I'm going to be long. Yes. So I'm already close to being long. Yes right here Right filled on that All right, so now in here my stop is going to go 80 of an atr below this zone here So 78 is the low net gas ice for excel and beat 156 contracts 5.55 is the atr. So 4.44 is 80 percent four and a half points So that puts me at 73 50 as my stop So I may have too many on here. Let's see. That's now that's right. I'm risking basically 15 points on this trade and we just looked at that in Wheat, so we know because it's the same tick value. We know 15 points is a three lot Right once again, the mighty lugs hold We're at VWAP now if we can get rolling then this would be my target This would be my first target yellow lug at extreme standard deviation of VWAP that'd be Plus two standard deviation that it's a real good place to get out of Some if not all and once again you see so it's rejecting So it's actually merged these last two days Because this is that this is a composite as well, right because these two days overlapped the value areas And you can see now it's like a dual Composite so we're going to accept back in this this is the most recent This is today's trade obviously we can accept back in here if we do you expect the other side This gets in here and you expect the other side Pretty important level. Let's take a look at our internals just to get an idea what's going on here You can see pretty choppy on the tick NYSE tick You know plus minus 500 plus 500. There's been no extremes, right? When you don't see extremes you're usually going to get some choppiness There's the VIX VIX we're just chopping around ADD is pretty benign plus 349 and then this is your Synthetic market with all the Those are the fang stocks. These are the most weighted stocks in both that S&P and NASDAQ, right? So the stuff trades exactly the same as regular markets as far as Here's your balance. We're trying to break out of that balance overnight We have a fail breakout of this built balance below this now we're So if we can get Back above this high vibe note on this then we're probably coming back to this stuff Overall though, it doesn't look nothing. It's really standing out to me But we got the signals on the volume. That's what we're trading event queue. I forgot to bring over my water boarding Here, so this is tick strike. This is basically it's like a audio alert that lets me know it's a algorithm That let's that is based on the speed of the orders coming in and the size of the orders coming in And it ranks from one to 15, right? So I have my Aldi said 11 so I don't even get a signal on them unless they're 11 or higher And this these are just all the main the highest highest weighted stocks in both the NQ and ES So when these are firing off 11 or higher, I know there's going to be probably something to the move, right? And you can use this to help your you know help yourself get out as well So if we come to important areas say it's like a point of control or market profile composite high or Wherever and none of these are firing off. You may want to get out of some, right? Because these are the drivers of the indices, which the futures are based off of Derived from aka derivative, right? So just waiting short that long that Both of my face right now. Any other questions Bruce? some questions here about the The lug wig levels and and that Pamela offers different logs for currencies. Have you looked at some of those? Say it again. She offers different logs. Lugs, I guess not. It says logs, but I guess lugs For um, yeah for the currencies Futures currencies Yeah, she what's the question? She yeah, she has them for Almost everything. Oh, she does. Okay. I don't know Okay. Yeah, so go to her website and Right here from 1982. I tell her that I mean she says it works She's right They go in here Here's there's her Products, um, if you know if you have one that you want You may build it if she gets enough requests, but I mean these are all the major ones It's actually even more than this now Um, I mean I have them you can see mine. I have them for basically every product that you'd want to trade You know, um, but like say you want soybean meal, you know, she may do it And I think she's working on individual stocks as well. So you just go in here and then Do the free day trial put your name to all this stuff in the comments say you saw it on the book I have webinar Um, and then hit submit and you get a free three day trial to check them out, but I can tell you they're Again numbered the most powerful things I've seen in trading are Number one book map volume si indicator by far runaway, right? These are Number two this and obviously market profile composites are, you know Pretty much tied for number two But these these are way, you know a lot more useful for day trading, right? Like yeah, you can see the composites But you know, so say for instance you want to get Short here. Okay. I'm going to get short right here. Where's your stop going to be like up here? Or you're going to get long. Where's your stop going to be down below the composite? So, you know, these are good to know the areas, but these are awesome for day trading this and then the The real-time buy, right? This is the real-time volume is what drives the markets. I don't know if you guys have heard me say that Um, because that's you can have all the lines on that you want on your charts doesn't matter I mean it they only matter if the big money is playing at those areas, right? Or the dumb money is wrong at those areas, which is our stop runs Yeah, I mean just to reiterate that point Scott is so good to hear. I mean it really I mean like in the the advanced webinars that we have, um, you know, uh three days a week It's or in other traders as well. It's always um, the Order flow is the one is the thing that makes the levels But you know you want to look at your higher time frame levels and then you want to look at the order flow around them But it is the the order flow and the volume And the order book that actually make the levels So insight to that is is is the first first thing to understand it and how to Integrate that with your higher time frame levels from the past Right exactly I mean again, it doesn't matter what you're looking at. You want you want real-time volume to be agreeing with and understand the other you know these zones and You know and and understand what the big money is trying to do and if they're right if they're wrong Um, so I'm obviously short here. We I have a question for you Scott regarding, um account management and so you're putting on risk Um in multiple positions here um So how how are you? Um, are you managing? You know, you have three here. You have three on the the es or You know, whatever it might be Well, how much do you if if you're hedging do you consider it differently the account management? Not the not the individual risk management for the trade Yeah, I mean if I have multiple positions on the same way, I mean you've got to be very careful if your markets are correlated right like You don't want to have You could but she's got to be careful of having you know, short es short nasdaq short crude You know a crude just been moving opposite lately But you know what I mean like yeah, you have to keep an eye on that especially I mean most of the times you're your trading firm is going to keep an eye on it for you Right, so it's like you won't even be able to put on if you hit your margin No in your account. You're not going to be able to put on multiple positions and multiple accounts. So um Yeah, I'm aware of that. I mean, I try not to have you know, so say there's three Say there was a setup in nq es rty You know, they're they're so correlated. You just want to be careful being long all three um But that being said, you know, you're using these these areas Which helps you control your risk, right? So it's like yeah, you could be long all three and you know, you know, where you're wrong, right? So it's not like you're risking huge amounts on you know I have different zones for different for different markets based on what comes in So, you know, you can still do it, but you just got to be aware if you do it They're pretty much all tied together, right? I mean if the es is ripping nasdaqs and to be ripping And so most of the time rustles so you just You may not want to put on you know What I would do is, you know, if you're you're saying I don't want to put on all three markets Well, then pick the two markets that have the the biggest volume setups, right? So for instance, like This setup in nq wasn't very big Remember I was considering not putting it on because it was only 143 My I said I like to see closer to 200 Right and I drew it for the webinar and I traded it I probably still would have traded on my own but my because the market's so dead But my point is if you see like 143 in here, but you see a long setup in es For there's 1500 icebergs. Well, then put on the yes instead, right? That's just a better. It's just a better trade I mean as far as this this the volume area That's how you can kind of judge if you if you're juggling between three of them You're getting signals and all three just use that the ones with the biggest volume setups would be my Suggestion does that I mean is that answer what you're asking me or yeah Yeah, I mean because like it you're going over the risk management for each individual trade setup But then we're talking more about account management Right Yeah, and again your account management is your zone I mean you got to be careful again. We talk about all the time you should have a daily loss limit of And that's what you have to consider if you're going to put on three markets, right? So you should be Only be risking five to six percent of your entire trading account a day So if you've got Three individual positions on and you're wrong on three that's going to knock you out of the day Right if you're if you're if you're losing two percent one and a half two percent on the trade Which is that's what if you use the risk calculator, that's what you're risking So if you're wrong on all three, you're done for the day So you got to you got to decide. Hey, do I like this these trades this much, right? All right So I'm probably stopped. Yeah, I'm stopped at a NASDAQ Which doesn't surprise me because of the RT why I size print by RT 150 contracts But the good thing is I was going to put on that Russell trade as well and I would have been See no, I'd still be in it But it is moving back now So I will consider since nothing new has come in to say for instance This comes up and retest this zone And fails I'll put on a short notice because I'm trading this independently, right? This volume setup is independent. I'm not I'm not saying I won't short this because I'm long. Yes, right? This is I know they move pretty much in tandem, but this would be like a good hedge I'm not hedging on purpose, but it's not a bad hedge, right? So if this hits here and turns around and these markets sell off well I'm gonna lose on my yes, but then I'll be short this right so And I'm not I'm not putting it on to hedge my yes I'm putting it on based on this setup meaning I won't ignore the setup because I'm long. Yes, right? So this is an important spot gamma level here Where I may take off one if we can't puncture push through this Right this 4600 is really important. Um A really important level if we get above it then we're Headed higher, but this may fail right here So wheat's working great and of course I didn't get it on to my other two accounts And that's why it's just free falling sitting. So anyway the ATR in there was what do we say? Because I gotta put my stop in 5.12 Well, we got some time to put that in I just want to see where we're at. I don't want to miss a Exit level here. All right, so once again the magical lugs Doesn't get much better when you get a setup at a major lug There you go. So I will be watching this as my first target Uh barring a new setup coming in. I'll try to hold this all the way down here I would that would be a fantastic trade. I mean, that's another 21 Cents from here, which is equivalent to 21 es points, right? So my stops basically four cents above here 80 percent of the 5.5 and a half So good old grains. So I tell my room every day Is you guys should be looking at multiple markets So when your market sucks, which these markets that the equity markets have just suck lately terrible trade You can move to another market. It doesn't matter what it could be this it could be natural gas You know the volume the volume is the volume volume is traders that are caught or You know it concentrated volume areas are What drives the markets so it doesn't matter what you're trading any of these futures markets It's the same concept. All you need to know is the thresholds, right? And I go over all the thresholds in my course I have all 20 like 22 or 23 markets And there and then you need to know the atr And you trade them just like anything else and you got your five or six six setups I do that I trade off of and I trade them accordingly based on where we're at in the lugs It doesn't matter what you're trading. So you need to have I know some people that they don't have the bandwidth To watch, you know 10 markets I mean right now I watch like 14 markets or something And I understand some people don't have that bandwidth and that's fine But you could you should have at least three probably five that you You are monitoring So when a volume setup comes in there and nothing's going on you can trade that market, right? And weeds are number one Well, I mean grains are probably the number one market You should be watching if you're not if you're just steering at ES all day, right? Because there's all there's Especially lately there's something going on in these all the time and you know These are some of my best products weed and weed and beans are some of my best trading products Right. It's all the same stuff struggling at this See then right at the spot gamma level. They're probably taking one off there, but So the other thing you want to keep an eye on too We've been talking about this a lot lately is the relative volume If you if you're getting crappy relative volume, you don't want to be participating in that market Right, so let's see what we're at You can see this is crappy relative volume So it would not surprise to see this me to see this But bounce off that Some cl stuff firing off, um, wouldn't be surprised to see it's bounce off that spot gamma level You need some big time trade to push through levels like that, right? You can see look at this. It's pathetic We're okay to start So this is the 100% line right here and just meeting normal trade again This is a relative volume chart that's showing me the exact time of day The volume coming through for this exact time of day for the last average on 30 days the last 30 days average, right? So you can see this thing's been like 50% Right. So this when you get volume like this Like this you get trade like that When you get big volume coming in and this is just one bar, but then that's when you get your That's when you get the bigger moves, but you're monitoring this and you start to see this thing dissipate We talk about this All the time in here all the time in my room like right around 10 o'clock Central 10 to 12 is are my worse here I hate going through this because it makes me very very upset. We've talked about this multiple times And I've known this literally for 23 years of my trading career I used to leave my office when I was a big scalper at 10 o'clock and come back at like 12 30 because this is exactly What would happen to me? So this is my So you can see here. Let's just look at the total Pino I haven't put in the last couple days, but So this is the total Pino over less than like three months, right? So 41 000 and then look how much I've lost In crappy like that poor volume Because that's when the volume starts to really really die down This is so at the nine o'clock so that this is 11 o'clock central 45 000 losses 26 losses. So if I just what I Did now what I used to do is because I took I took millions of dollars losses back then That's why I finally forced myself to leave the office. It's just harder for me now one with my trade room two I'm at home. So we're you know, because I was going to work out or hit golf balls. I'm basically You know at home So it's like so I've been sitting here and then sometimes I put on trades and then if I just eliminated this my Pino would be three times higher, right? So this what this is telling you is this time of day is algo city and you're just going to get whipsawed to death So if you were smart, you would not trade between these times today This is actually 10 o'clock central should be 10 then this is 11 You can see once it picks back up peeing all those up, right? So My point is you know that time of day is bad But this is also showing you You know it shows you that time of day, but Even though it's bad trade it should still be getting to at least 100 percent And this can't even get to 100 percent on these On these on these bars at this time of day again This isn't there's two different types of relative volume charts that are out there that I've seen right So this one is thicker swim. You got to be very careful with this one We've talked about this many times, but I just go for this stuff for the newer guys on here guys and girls So this is showing you the relative volume, but this is just a simple relative volume 60 60 moving average Meaning the last it's basing it off the last 60 bars Well, of course the relative volume is going to be spiked at the open Right because it's taken into consideration the overnight trade, right? So this is showing you just based on the recent stuff The the Sierra chart relative volume is showing you the Relative volume for the exact time of day for the last 30 days, right? And you start seeing red or pink or whatever color this is You want to be very very wary of any kind of breakout moves It's you're probably going to get chopped up to death. So mini rant on that So my point is if this pops back up here, I may get out of one if it can't push through here Just because the volume is so bad All right, so now we got something in wheat now I can this is actually good Because now I can trail my stop based on your setup and or add actually already missed this one You got this and this So this one was 150 This one was like 160 Just draw this on incorporate both of these Both those icebergs Don't remember icebergs, you know for your newer traders is their hidden orders in the order book, right? Because the big money can't just throw an order in the order book over here I mean you can see 300 If someone comes in of a big money comes in and throws 300 in this bid and look at the size in this order book They put 300 here. What do you think the algors are going to do? They're going to run the market away So that's why they have to hide their orders, right? But they're not really hidden if you have book map, but that's that's what's so important You can actually see what they're trying to do All right, so we got that zone drawn now I can trail my stop Again, we're at 5.67 is the ATR So basically four and a half cents above here. I will stop out of this trade, right? So we got 29 50 so 30 so we're almost right there now And you know Yeah, it'll suck. I'm like a little bit. I had a much bigger profit, but I stay in the trade until we hit Important areas like lead with levels, etc. Or I see an opposing volume setup. This is an opposing volume setup This is turning into what potentially is going to be a bullish volume setup So technically what I can do now here if I do get stopped out of here once this goes a full ATR retest failure I can flip and go along, right Somehow didn't get stopped out there. You guys know my track record five times a day. I get stopped to the exact tech So that's actually pretty shocking in itself, but So if this does hold on and comes back I can Well, actually I will I will short this but I will need to see full ATR retest here. Why because we're still above the yellow lug I was short aggressively The first time above the yellow lug because we were at the red lug, right? But now You can see So I was wanting to take that short aggressively up here Now we're getting another volume setup. We're still above the red lug. So are the yellow lug So I need to see full ATR retest to add to that short Otherwise, I will get out and you can see where this is bouncing These are really important levels that you want that you can you know if you have multiple positions on you want to be getting out Or or potentially getting out, especially if they're conflict with something else. You can see this. This is negative. Here's the view app This is the daily value area. That's one standard deviation. Here's one and a half Here's two you can see touch two it actually started to curb down And then you get these algos that start to rip it the other way Right. So, you know, you start getting in these areas and you have multiple positions on you say, you know what? I'm going to take off one here. I have a nice That was a 15 cent profit or whatever it was. I'm going to get out of one and see what happens, right? There's nothing wrong with that. It's just we're traders mess up Is they catch this move and then they'll they'll just trail their stop down in the middle of nowhere It doesn't you know, they're just because they're watching their p&l If you're going to get out of a trade get out at an important area Not because you don't want to give back your p&l, right? Because you're never going to get a big trade You're never going to have the big trade, right? So I'm basing my stop Not because I don't want to give back this p&l is because I saw a new volume setup So that's where my stop goes if I didn't see a new volume setup I'd still hold this and you know, can it come all the way back? Sure. It could have came all the way back and stop me out right But that's trading you've just got to accept that and then you sit in your trade until it hits an important area and or You get a volume setup opposing volume setup and that's what this potentially could be If it moves lower again, I will wait for ATR retest failure and I'll add to this trade and my stop will go in the same exact spot where my where this stop is for my original short Any questions on that first? Let's see We have some some guys looking at some specific levels and some Yeah, ellie is asking about so what were the times again that you avoid trading and central Yeah, 10 10 to 10 to 12 12 30 central right around there Well, it starts to pick up a little bit So you got to remember like the guys in new york the big the big funds in new york central they go on they go on Lunch they go to lunch. They know that's why it used to be just a back then they always weren't prevalent As much they just started to become prevalent. That's what knocked me out of the game as a scalper But even even though there weren't As many hours back then it was still a time of day where it was completely manipulated There was a guy that I used to trade against had to had all the time from galber and he would just get in there And just start I'm gonna get out of one here He would just start flipping the market around back and forth just like the elbows do right because he knew There was no big money in there to stop his games It's the same with the elbows elbows worse enemy are the is the big money Right, and they once that big money comes in they can get run over so many times they'll be you know, I'm sure there's elbows on 100 sure that Sent that are watching the relative volume and they see spikes in the relative volume They shut their elbows off because they don't want to be messing around with the big money that will run them over Right, it's not a predictable type of trade for for the elbows when the when the volume gets to this And this that's a predictable type of trade for the elbows and that's when they take all the retail traders money getting chopped up I did a mentoring session yesterday. The guy was like I was It was a little bit over here, but it looked just like this. He's like, I didn't understand We're at the yellow lug and we're we kept just bouncing back and forth and I just kept getting chopped up I'm like, well look at this relative volume. That's why you're getting chopped up because there's nothing going on It's just the elbows playing games with you You guys elbows are 80 at least 80 percent of the market probably closer to 90 percent of the market And what how do you think they're able to function by taking your money? That's how these firms run elbows because they take your money Right, so don't give them your money when you see the markets starting to turn like this Stop trading go to another market look for a bigger, you know, I know it's easier said than done But you'll see once you really start watching this you're going to see the majority your losses are when it's You know that time period of the day or when the volume starts to dissipate like this You're going to notice that's when you take losses That's how it is for me. Anyway, it's always been that way You know when you get when you get the high relative volume coming in then you get your bigger moves right Like this was yesterday, right? This is the sell-off we we got in the volume started to pick up a little bit and then we had that You had good volume and you get big moves when you have crappy volume This was the area this guy was talking when I did the mentoring yesterday This is where he was getting chopped up. Well, this is why I got chopped up Because this is just algos chopping all the retail traders up taking their cash Then when the big money started to come back in then you get a big move Keep an eye on this Very important I mean you can come up with rules where you say, yeah, I only take book map setups When I see the relative volume is at least 100 or at least 200 or 300 you won't be trading that often But who are you here for action? Are you here to make money and make a living as a trader? That's what you have to ask yourself, right? There's so many traders That just always they want to try to catch every move in every market Again, are you here for action? Are you here to try to sustain yourself? So you can work for yourself for the rest of your life instead of the man That's what you have to ask yourself, right? So if you like answering to someone for the rest of your life then get in here and try to trade every move And you'll be out of the business in no time. Then you can go back to working for somebody You know, so you it definitely takes discipline and again, it's easier said than done But you take enough losses. You'll you'll you'll learn the hard way That's the point Why do you need to learn the hard way when you're on these webinars with you know with me? I've been trading 20 plus years and I've gotten smoked. I've learned the lessons the hard way right back then There was no education. There was no online education The markets had just come online. So there was nothing it was me having to learn it on my own Good and bad, right? So the point of these webinars the point of my trade room is for you guys to learn These it's not even about the the great trades It's actually more about my mistakes and what I've done over the last 20 plus years That you don't have to go through that That pain right to that listen to me when I'm telling you this stuff because I've seen it and done it but again A lot of guys want to want to learn the hard way. So have fun But you don't need to learn the hard way if you follow the stuff I'm telling you and incorporating what you understand you're going to do you're going to be a profitable trader All right, so I'm still uh hanging by a thread here for the stop out It'll be a profitable trade, but it was much much much better. I'll let this thing come back Yikes, it's came back 15 cents Let's see if there is a reason I could have got out of that And again, it's hard to watch all these markets when I'm on the webinars because I'm on one screen I don't think there is anything here, but we'll see I mean besides So I won't get out of vwap or standard deviation of vwap unless it's confluent with something Right, so this was not down at the yellow log. So I'm not mad about that But I'm going to take a look at this market profile If this was a composite area, I'm going to be a little miffed These aren't very Really nothing here So this is an area. I mean I I don't take single days. Um, I don't feel them as that important. They're they're important, right? Obviously, but you can see where did this stop you had confluence here Negative to standard deviation Confluent with point of control from two days ago pretty close anyway, right? So that's an area where again, you've got to come up with rules So you can't just do it randomly one time say I'm gonna get out here and then another time say No, I'm not going to get out here, right that then just just flip a coin that right Come up with rules if you say you think this is important If you like single day point of control That's confluent with something else put that in your trading rules and do it every single time If you don't do it every time you're not going to be consistent. That's not one of my rules if this was a composite I would have definitely if I was watching this and this was a composite You know the shaded blue where it was multi days and confluent with this I definitely would have been out of at least one of them there But it wasn't and I didn't and it just ripped back 18 cents in my face And stopped out But the lesson or again guys like these zones This is how I trade these zones I tell you guys every week. This is the science. This is the art how I trade it I've watched thousands of these setups over three years This is how I've determined the best way to trade these setups Yeah, this is suck that I got caught in that and didn't get out Yeah, but over the long run. I know the way I trade them for me. That's the best way to trade them You can say hey, I just caught a 30 set move the second you hear this ice come in Right, you just can pop out of the trade. You could say I hear by ice You just started the announce the announcing dude the computer announcing that right as soon as you hear that by ice coming in You know, you're at negative two standard deviation of the web get out of some you don't have to let it come all the way back on you Right, so my point is this is an art on how you trade these zones. This is the science There's no disputing. There was big by ice here right how you trade that you can come up to your own version of what I do I'm not saying everything that I do is perfect Obviously, right and I'm always even in my tray room. I'm gonna get this out of here Even in my tray room, you know guys are like, well, what about this? Have you ever done this? I'm all I've never you know anytime in any endeavor. I'm sure you guys have all heard this before If you think you know it all then that that's the end of that endeavor for you, right? So it's like I'm always open to learning. Do you think like it took me Eight months to incorporate these Ludwig levels I had a guy telling me who's made millions of dollars trading with these You know not in a very short time period He told me about these Ludwig levels for like eight months and I would not, you know, I I'm like, yeah, yeah Yeah, I just thought it was another indicator, right and I'm not I'm for Bare minimum as you can get on a chart is this about it, right volume and some market profile stuff I'm good, right and he kept telling me about him. He's like I'm killing it blah blah blah show me his piano and I started watching him. I'm like, wow, that's interesting Wow, that's interesting. And then when I saw it, you know 85 times bounce off the bread in the blue and everything else like okay. Yeah, I want to start looking at these but I My point is I'm always open To learning new things and something that works. I'm fine with it, but I'm very very cautious of you know This is the first thing I've introduced basically ever, you know as far as indicators So that and I use one thing from the the TAS products the edge that we talk about too, but You know, I don't take it with a grain of salt adding new things to my to myself, but I am always Open to hearing different versions of you know, that might make my trading better So my point is you should always be trying to learn Ways to get better and in trading All right, that's my rant for today. What's any questions first? No, I'm happy to have you back and love the rants. So It's always refreshing. No, no questions here. Um, let's see in youtube. I don't think uh No, I think we're all kind of caught up on Yeah, yeah, we're looking good Okay The CS is not looking good. I am feeling this has been come back Stop now, um You can see it now. It's starting start seeing all these light up Then the mood is going to be real and we're coming back And once again, there is no volume in here. We just looked at the relative volume That's why I even got out of one at this important spot gamma level If you don't have the energy a k big money coming in to push this through the algos Send it right back That's what you're seeing right here It just sucks. I got stopped on my enqueue trade. At least I'd be short that actually I forgot to look at Russell Let me guess. Hey, look at that. Perfect retest failure. So what did I say? I would short this and I will ATR is 43 7 43.7 20 percent of it. I'm 80 percent on ATR is 34.96. So 35 ticks below here. I will short this Um, so we're at 88 that puts me at 53 So I should already be short but I'm getting an opportunity here To get in so I will short it right there Then my stop goes 35 Ticks above here. We're at 10 So 45 and it's not coincidence This is where this came back. Oh wait a second. I didn't even see this. I didn't even hear that fire off. Hold on Am I not even being this trade? What's this? All right, so that I shouldn't I didn't even hear this fire off. So let's draw this zone quickly I might be out of this trade and immediately change the colors to us like a confused on the areas Based on that other black zone. So you got that All right, I'm gonna hop out of this right now just so I can reassess what's going on here what I should be doing Because I got to look at the lugs and everything from what we saw and uh So below the yellow lug, right? I could be in aggressively here But this is a new setup. So I was entering because I didn't see this new one. I was I was entering on this retest failure But this is the newest setup. So now I'll still go in aggressive, but it's got to be 35 ticks below this zone All right, so I'll just give it a little more room. That puts me, you know, two Octa loaded there One good thing about this I took a smacking But didn't it stop to the tick that that's how my that's how ridiculous my stopouts are like I'm happy. I'm fine with the loss, but what I'm happy about is That I didn't get stopped out to the exact tick and I haven't do that. Does that literally drives me Crazy as you guys all know if you've been on my prior webinars because it happens about 10 times a day All right, so still have this on, you know, if this starts selling off, I'll be probably stopped and then I'll be short Russell. All right. So now this trade Or this market, this is wheat Got stopped out of that short made a small profit. Now if this retest fails, I'll go alone Right actually Take that back. It should have been in I should be long there aggressively right because we're think we're still above the old look and these markets confused Yeah, so I should have stopped out here and entered long Right. I missed it. This is just no excuse for this So again because I'm the way I trade I trade these zones aggressively for above the yellow lug I get along aggressively so I should have stopped out of my short and I should have been long there And I'd already have seven seven cents on my pocket So that's upsetting miss that one a mistake after mistake I just lost track of where we were at the lugs. That was that was all that was so I should have been I was waiting because you remember when I was talking about this earlier I said I'll get out and I'll wait for retest failure But I don't need retest failure because we're above the yellow lug So I should have been I should have stopped out and on long in the same area. So that was just a mistake So you're 155 and then you have another 18. So in this area Right here. You can see this is one house on the high spurs on chart When you see a line like that, it's just one house So let's get this zone drawn that I can at least trail my stop on this So that's that by ice, right still someone's still coming in here is not Nothing to write home about but it's all part of the zone All right, so now what I can do on this long that's done. Absolutely nothing 23.2 is the five minute ATR I've six so 18 and three quarters because I round up I can trail the stop now so 30 31 75 So right someone was 50 What I say that's 20 32 31 three quarters So there's no quarters in this so 32 So you see now I just say myself 30 takes potentially have lost Because of the new setup. So that's number one now. I can potentially add and I can't remember where we are on the lugs We're above the old lug so I can add to this trade I I get I am very careful of Our cognizant I should say of adding the trades like if we're right here Is it worth adding to a long into the red lug? You gotta be very careful Why am I gonna risk like 60 ticks to make 30? No But this is far enough from the red lug where I could add to this long and then Get out of some of the red lug if not all of them. I usually get out of all of them and then just reassess so 19 ticks above here That's 93 That is still pretty close to the red lug, but that's risking it's only 30 ticks away from there But this has been in this area for a long time and we got new eyes I think you're gonna get some rips if this moves a little higher. So stop runs So I will add to this if this comes up here and then my stop goes in the same spot as where my where I just trailed for this Long amp on already Not get filled in rustle yet Got these markets are terrible So this is a good example, right? I will not I will not take a long off of this zone. First of all this song I probably shouldn't even have traded off it because it wasn't even 150 But whatever I did my point is this is what I was telling you guys earlier, right? So this had gone an ATR below here, right? That was why I shorted it And then we went an ATR above So once this proves itself as a short setup, I will not take a long setup off of it, right? I need to see something new especially when it was nothing it was 140 So meaning if we retest here and fail I'm not going I wouldn't go long Because this has been already nullified by the ATR below Move So I just need to see something new there picture it on there And of course we're in 10 20 10 20 central So this is my this is where I'm supposed to be getting up and leaving So I don't continue to get crushed my P&L at this time of day All right There's a short rustle and ATR is 42.4 That's 95 So here's a good example too, right? So you see where I would stop this trade to right in the middle of this zone So I'm willing to risk another 10 ticks to get it out of that zone because I don't want to see one of these I could did the first time and like here's a per example But that's not what would have been in this instance I would have been stopped out basically the tick right in the middle of zone So I put it a little bit above there So I'm risking a little more than normal just to get it out of this zone So then what I'll look for is We're at baby lug right now You see this light blue lug But I obviously just put the trade on so I'm hoping it can pierce through there and then I'll be watching Basically this blue lug Again, you can watch standard deviation if you want you can see bounce bounce And also you want to watch that day what what is holding what's not this is already showing you twice negative two standard deviation The algos have ripped it back both times. So if we come down here again It probably behoove you if you have multiple positions or multiple contracts on to get out at least one there because you don't want that Again, it's what's going on that day and see how it works. You can see this one got to about three, but this one positive two rejection negative two rejection That's all algos. That's all it is. It's reversion and the mean algo See that see that So if my point is that this comes down here again, I'm probably gonna get out of one just because it's worked Because it's showing today. That's what that's what's going on You could you could you know change that if say we start ripping down and you're watching a relative volume And you see it's like going up to two to three times. Well, it's probably going to run right through that reversion algo Right, and then I'll get a run over and then you want to watch your blue. Look. So hopefully that makes sense All right, Bruce. There's uh a lot going on here. So is there any other questions probably gonna up off? Yeah, a few more questions here. Um Okay, yeah, I mean you answered the one about the trading zones. Yeah, uh, and uh Sam is asking about the important question. How was vegas last week? Uh I lost a little bit They didn't really stories, but I'm banned from like 20 years ago from playing blackjack in vegas I played much much bigger back then as you can imagine, but I mean I can play in some of the casinos now and not get bothered because my play is so much smaller, but um, I just One of the first places so that the whole story I'll tell the quick story. It's actually a really funny story. So um, you know, I actually am Well profitable over casinos in my lifetime. So back in the in the day when I was at my trading firm I just started. Did I ever tell the story on here, Bruce? Did I ever tell my blackjack story? I don't think so All right, so Um, well, there's so much going on. So I don't know if I want to interrupt the trading. I'm just kidding Um, so back in the day I just started making money and there was a guy in my trading firm. He was the number one trader His name was the big cheese, right and Back up. So I had gone every time I go to vegas with my buddies I'd get killed every time I'd lose my money the one time I lost all my money first very first day Right. So go on this trip. I think it was the next trip after that when I lost all my money the very first day Again, this is before I was even making money trading, right? And this so I just started trading With this guy or with the trading firm and I went to vegas with one of my friends We actually got me into the trading firm. So we're in vegas, of course within two three days. I'm out of money And literally having to borrow money to do anything, right? So we're we're coming home to chicago We're in the vegas airport and I seriously I seriously don't have one dollar in my pocket not one dollar And um, I see this book in the bookstore. My buddy's like, let's me not want to get a book for the for the plane Right. So we go in the bookstore. I see this book. It's got a boxy gloves on the front of it It's called knock out the casino like a joke. I start flipping through it. It's about car counting. I'm like I'm not I'm looking at crude the thing is not so it's impossible to trade with that line. So I'm not even bothering with that right now. Um, so the The book's about car counting and I start thumbing through it. I'm like, I need this book I cannot I'm not coming back to the city unless I have some kind of edge. I'm so sick of losing my money So I go up to my buddy and like throw the book he's at the counter and like I throw the book on the counter It was like 13 bucks. I'm like, could you buy this for me? I'll pay back when we get home That's I didn't have a dollar my pocket. He's like, no, I'm not buying that book for you I'm like, dude, just buy me the book. I'll give you $13 when we get home. So I have to fight with him to buy me a $13 book buys me the book. I come home I read it Uh, and then back then in chicago, they just had the river boat. They call them the boats the river boats That's the only way they can have casinos There were no land casinos and they were on the indiana illinois border. So I read the book and the thing about card counting is Yeah, it's not hard to you know to figure out plus one minus one But what what is hard is one you have to play the correct strategy, right? You can't screw up by how you play your hands Two, you got to deal with the other morons at the table Three, you got to deal with the waitress the pit boss dealer talking you like it's all that Encompassed in one, right? So it's way more than just counting cards. So I had to go practice So I would go and I go to these boats I play the five dollar ten dollar minimum and I count cards and I do it and I started making money Like every time I went and it wasn't big money It was like, you know, 400 bucks 500 bucks a thousand But that's pretty good when your your minimum bet's 10 bucks, right? So Fast forward, I You know, this was months and months and months I was doing it Then I'm finally started making money trading and I'm walking out. It was like a slow summer day Which just reminds me of by the way this crappy trade and the the big cheese was walking out of the office I was walking in at lunch after lunch and he's like, hey, what are you doing? And I'm like, I didn't really know the guy that much that well And like nothing. He's like these markets sucked out there. I'm like sure dude He's like, hey, you know how to count cards, right? I heard you know how to count cards I'm like, yeah, I said I've been doing it very small, but you know, it works I know if it works, you know with the amount I'm playing it worked with any amount But I just haven't done it in a higher at a larger scale And he's like, let's go let's go to the boat and like all right because there's nothing going on I'm like, fine. Let's go. He's like, how much should we bring each and I just started making money then Trading and I knew it worked and I'm like, I don't know. He's like, let's bring 10 grand each. I'm like Okay So we stopped on the way there Stopped at a restaurant. We came up with our strategy based on the circle where I put my chip So I was just the stiff the dead beauty. This was perfect a perfect storm because this guy was a loose cannon gambler as it was He always would go to the boat So the problem the other problem of car counting is the minute you start making money They think you're counting cards and they kick you out of the casino, right? That's why I'm banned from casinos But I'm getting out of myself. So this guy We go he's just the perfect perfect guy for this because he's a loose cannon Just throws just bets haphazardly, right? So they're not he's not going to bring attention to himself So we go there We come up with the system on where I put my chip in the circle because you'd want to do Increments in your betting, right? So you always want to be do flat You always want to be betting a flat bet the table minimum If the counts down in your favor when the counts in your favor then you up it So we had from one times your bet if I had my chip be right in the middle of the circle to If I put it at 12 o'clock. It was two times three o'clock was three times six o'clock four times all the way to 10 times the bet Um, I would put two chips and then six seven eight nine ten So wherever I had my chip and the number of chips I had in the middle between one and two With with signal to him how much to bet, right? I was betting flat hands not to draw attention to myself So I was just betting hundred dollar flat hands. He was betting from 200 to 2000, right? So if the count got to a positive maximum positive count for the deck it would be Um 10 times his bet so he'd have two thousand and he was playing two hands So he'd have four thousand dollars out there So we go the very first day And we win it was perfect again. He was a loose cannon just an idiot not even like really looking at the cards There's no way they suspected anything first day. We won 91 thousand dollars So shockingly he wants to go back the next day. I don't know why you wouldn't want to do that So we go back the next day Very next day same casino. I think it was the same table actually same two guys like I they had They had to have known something but whatever Go back the next day 112 thousand dollars. So in two days We made 200 thousand dollars from the horseshoe casino in indiana. It was it was when it was in the It's now the hair is I think but it was it was when it was minion's horseshoe So then we got you know, we thought we were we're getting wise we're like, well, we can't go keep going to the same casino So let's split up. So we started making our rounds to the other casinos back then It was like majestic star was one trump was one So we started going there going around so we didn't get caught. I'm doing air quotes, by the way So the one day we're sitting at here as um, it was when it was this really tiny one And we're doing the same gig right on the plain flat hands And he's the he's the eye roller and the pit boss comes up to me Right, I'm supposed to be the stiff that doesn't and we don't know each other too. Supposedly right comes up to me He's like you can't play blackjack here anymore. Like what do you post me off the table? He's they can't play blackjack here. What are you talking about? He's like and I was down money too I was on like 600 bucks or something playing on a dollar's and I'm like, what are you talking about? I'm just playing dumb He's like you can't play blackjack here and I was adamant. I'm like, what are you talking about? He's like, listen, you're well his exact quote. You're welcome to play the other carnival games here You cannot play blackjack So then I get up and leave and grab my chips and leave and he points at my buddy. He's like, yeah You're out too because he knew the game, right? So then right after that I go to vegas literally like a month after and mirage, which I just stayed at is why I wasn't playing blackjack That's why this whole story started mirage that come up to me. I'm down like three grand, right? I just got in there guy comes up to me can't play blackjack here anymore Like what why like what do you tell you got to play dumb? He's like He's adamant about it. I'm like I'm down three grand. What are you? He said his exact words for there. You're plays too strong for us. I said my place too strong for you I'm down three thousand dollars. What are you talking about again play dumb And he's like sir. You can't play blackjack. So I picked up my chips left there Go immediately the hard rock sit down. I'm there for 10 minutes down 700 there come up to me hard rock hard rock told me If you ever step foot in this casino again, you'll be arrested So they can they can kick you out if they don't like the color of your shirt because it's a private establishment They can kick you out of the casino So they said you're kicked out if you come back you'll be arrested So then after that my name was in the computer system and I I couldn't play blackjack anywhere Fast forward to today I can play because I'm not playing anywhere near as big But I'm still in the system and I didn't want to like I had my family there I don't feel like getting kicked out of the mirage while my room is there So I didn't play blackjack basically on the trip. So that was a long answer to I lost a little bit and Didn't play much blackjack. So hopefully you guys enjoyed that story That's crazy. I mean that that quickly they uh They know you're on a list. So yeah, they put it they put it in the system And this is this is before facial recognition too, I think but it was in the system and it was over Like just could not play ever again Not not not for size anyway, right? Yeah. Wow. That's uh That's kind of scary. Um, uh, anyway, um, uh, yeah, yeah, so it sounds like you had a good good time And we're happy to have you back Thank you Appreciate it and uh, I get if there's no other questions. Hopefully you guys enjoyed that story. It's I am officially Positive against the casinos in my lifetime. Not many people can say that but I am And by the book it's called you can get it on amazon right now. It's called knockout the casino Uh, it's assist a car county system and it works It definitely works. Wow. Wow. Um, yeah, I'll pass on But but thanks Scott Well, but the thing is if you do end up going you will eventually right? You'll mean Vegas at some point or at a casino somewhere At least want to be armed and and be able to hold your own right instead of just handing in your money And what's so funny is they you know, you get kicked out because all you're really doing is turning the odds against them You're not and I'm not you're not doing anything illegal by counting cards But they won't have it because you have an edge on them Which is hysterical because the whole reason casinos are in existence is because they have an edge on the player Right, so it's like once you turn the tables on them. It's oh, no, you're out of here. It's just it's a big joke, right? But Yeah, I do whatever they want because it's there, you know, it's a private establishment Yeah, yeah Quickly I got filled on where we say I'm sorry go ahead I got filled on this uh add to this gold. So stop goes in the same spot and we'll see if we can get this thing to rip And then other than that Just coming back now, which I thought again really good lesson though Volume was terrible. We had an important level couldn't get through it That's even when I got a one I kind of expected this right so you can come up the rules You say the volume dissipates at an important level I get out of all of them um, so I'm short on that and then I mean I'm I can get stopped out of that long, but I'm short Russell and that's moving in my favor. So and there's my stop there so that's it Horrible trading day it's been really bad lately. So, you know It is what it is you have multiple markets you watch and if they all suck get up and you know You don't have to trade every day. You don't have to trade every move if you feel like you do You're gonna have a very hard time making into this business, right? Well, um, yeah Yeah, I think good session. Uh, some thank lots of thanks coming in. Um, so uh, yeah, thanks scott and uh, we'll um Have a good weekend and we'll catch up with you next thursday Definitely appreciate it. We'll see you guys next week. Okay. Thanks scott