 Okay, I think I've got it now that now All right. Good morning traders and welcome to the live trading webinar with Jay trader stocks trader He'll be in in just about ten minutes. Morning traders and welcome to the live and He he's gonna go through some live trading setups for stocks. We've had Jay trader for a few years at least now and And he does this every Wednesday tomorrow. We have Scott Pulsini. He'll be trading live futures You guys know who Jay trader is? I have his contact information. I'll put this into the chat He offers mentorship and education And we need to go through the disclosures and then we'll jump right in To the markets here general disclosure all bookmap 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 disclosures trading futures equities and digital currencies Involves the central 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. All right, so just know what you're getting involved in with the risk disclosures This is for education Is not financial advice nor recommendations This will turn off the stops and icebergs on chart for now and clear our drawings here and All right, so Yeah, interesting order flow in here today we have FOMC so Expecting a pretty choppy session We can see the 930 cash open here in the move to the upside This is continuation from yesterday and the move to the upside that we were looking at and and reading yesterday Let's just go over the bigger picture You know right now well, we're we can see we've traded up into this in the S&P here a high liquidity here at at 15 At 17 and also 20 we're getting a bit of a pullback here at the moment now Is it going to accept or reject? This is the big question here So we'll look at the order flow to get this understanding We're looking at consolidation periods here like this is a bigger one here You can see that it's already rejected that one and it's back in this bigger range already Okay, so where might it go? Well the first areas we look for Is areas where there's liquidity and where it broke out from and that would be down here at 4,300 the figure So we'll see if we get enough sellers to come in and reach this area here down at 4,300 maybe a little bit lower 97 97 and a half or so So yeah, just looking at that right now and we can see more sellers starting to come in as well So it looks like they're going to try to go for it here Let's look at there our bigger picture our candlestick chart our daily here on the left And then in the middle we have the hourly and then on the right. We have a 15 minute chart here and so Yesterday and a recap of yesterday, so We Got I can't quite remember we I think we were it was a green candle on the daily But it was down in this area here and we noticed these wicks up in this area here We were looking for a test up into this kind of 36 ish area. I recall and We had the momentum here and we and we got the follow through So what night nice nice move here? We are still in a downtrend Okay, and now look here on this daily chart look where price rejected previously. It's up here We're just testing that right now and Rejecting okay beautiful another beautiful green candle today so far, but it's rejecting up here So we are looking for in the short term a move back down in into the range here All right on this daily candle here daily chart The the hourly as well. Okay nice bump up here You can see the gap from the overnight up into these areas here Okay, looking for maybe a retest back down to maybe I don't know 86 maybe a gap fill 61 or maybe even lower, you know, this kind of 40 ish area, which was the high from Swing high from the other day. That's what we're looking. This is the test We were looking for here yesterday was the test up to this swing right here Okay, and and we got it so The looking at the 15 minute chart not really seeing too much It's just kind of right in the middle here as you can see so, you know We're gonna look at some order flow to try to gain Understanding and and why we're going over this is is to look at higher levels higher time frame levels And then look at the order flow to point us to where that where price might go Into some of these areas and some of these levels here. Okay, so let's jump back in. All right So we were just covering this move back into the range and then the move back to 4300 okay, it's playing out pretty nicely looking for the continuation here Let's see these sellers come in and try to reach back down to this area here. Hey, maybe just even shy of it Here's why Look at the all of this trading activity here. Hey, this is where volume profile can be really helpful Understand all of this activity up here. This constitutes value So what we're just testing kind of the lower end of that value So that is in essence at a discount at a buy, right? So what but the liquidity is down here Okay, so we're looking for sellers to try to trade it and test it down here And then let's see if we can get a quick rejection and buyers to trade it back up into this range And maybe this point of control here around 06. Maybe this one up here around 08 Somewhere around there. So we'll move back down and move back up All right, these are Potential scenarios that we're going through and then these scenarios are aligned with our higher time frame outlook Now we're going to look at the order flow to you know gauge the validity of that scenario Okay, so we can see some buyers starting to come in already Okay, so are they going to try to trade back up to the top of the range here It looks like it in detail. We covered yesterday understanding in balances in the order book if you guys have questions about this and we'll go over it again and again and again But understanding how important it is to Comprehend supply and demand here see how they're pulling up here See how there's more demand coming in here and see how we're finding buyers So let's see if they can inch it up to 08. Okay, that's the VWAP as well that I have here All right, so we're already at the top of the range here And we're looking for a little push higher into 08 and we're already there now Okay, so this is how to read these the combination of these elements in here to look for these price movements now bigger picture Bigger picture. All right, we we we're looking for the move into 4,300 And then we kind of stopped for a moment and said all right. Well, we're still looking for that however, look at the low volume node here and this is price rejection looking for traders to trade it back into and we mentioned our 08 and This kind of 05 area here clearly. It's already done that and some look where it's traded now This is another area a high volume node up here around 15 or so I like it. Let's look at price structure. I would anticipate here a sell-off now small one a Retest maybe back down to maybe here back down to 10. Okay, this is a strong move. However Looking for a rest here looking for a pullback It hit the the mean reversion here. It hit the high volume node. It hit the value area So what we'll see are there still more buyers interested in taking it higher away from that value area Or are we gonna get a bit of a pullback Maybe back down to well, maybe even the top of this range yet We said 10 here or maybe even back down to VWAP 08 All right, so again looking at these scenarios here and starting to read the order flow within them It's fuzzy here the screen is fuzzy, okay, it should be should be pretty good at this point. Sorry about that Anyway, we'll I mean it should be at you know high res I'm sorry about that. I don't know what don't know what to say. Um, all right, let me go to the discord here Good morning everybody and see if we have any questions in here at the moment and no good morning Alan No, no questions here Sam Pam, okay. Yeah, he's typing away. I I didn't answer your question here in discord Sam Pam. I Answered it in in the webinar. All right. So, you know, I see it up above here but Anyway All right Yep, good morning. Um, all right, so we got we had a nice quick move up here into the 15 okay a lot of buying up here and There's an iceberg up here as well. We can see that transaction here look I'm gonna D select our CVD. Okay, so now we're still looking for that pullback scenario here Okay, we got a little bit higher and now we're looking for that pullback And and some of these areas that we covered here. This is a nice one here the structure now why we talk about in bookmap market structure and and The morning was oh good morning Joseph, how are you? Good buddy, sorry to interrupt you. I'm waiting over here. Don't worry. No, no, no, no We're gonna jump right over guys. We'll cover market structure I mean we cover it all the time but understanding how volume profile and market structure Work together. It's it's really they're kind of the same thing Here's a quick cut down through lots of volume trading in here And here's a quick cut above that area here as well. That's why this is a low volume node Okay, so anyway, let me turn it over to you share your screen Joseph and then I will share yours as well Okay a second Boy a strong move out of there guys Pullback was very shallow here. Just a 12 Hey, just this structure here. Okay, let me know Bruce if you can see yes, excellent Bookmap in the charts. Okay, perfect So good morning traders. Good morning Bruce. Good morning. Good morning book map I'm watching this bounce right now on. Yes I'm following a few stock this morning Nvidia Facebook foo-tool Apple Tesla AMD and also Baba. So market is bouncing and video is the one that right now is up training the most and I'm Focusing on levels. Okay, you can see over here that We started to break the VWAP around 234 to 235 and then we started seeing these book map levels like pushing the stock Yes, it's strong. So for now, we have a very good momentum and let's see if we can get some dips to long. Okay So I was long this morning On Nvidia at 233 average and I sold everything 235. Don't ask me why Bruce And I was long also 808 on Tesla sold everything a 16 now is a 32 Why I Said don't ask There's no really a specific reason On Tesla the reason why I bought it Is essentially this main support you can see traders and I will do like this so you can see better You see the support, right? That support is a combination of 200 exponential moving average Wall of buyer just here over here below between 800 or two Also, you have this great zone. This great zone is an important area very important here on your charts Is the hourly J lines? Okay, so when I see this, this is a big structure of Support otherwise when this is above the stock it means a possible good resistance now So we're gonna check Tesla But I prefer as I said as I said before To look at Nvidia. So we're gonna look for possible dips too long this morning Always look what I have over here is main resistance. We have a 245 and then 250 Can you watch can for me? Mm-hmm? Yeah Still pushing strong. You can see it's bar on the one minute is making a higher low We have already one two like nine consecutive Green bars when Nvidia traders Seems like on a breakout on a mission over here Joseph I just I really like you're the way that I mean, you don't have the volume dots on here But that's fine. Like, you know, you're not using that feature. You're you've kind of integrated this higher time frame candlestick reading and rejection and and you know absorption areas and wicks With the heat map It's it's really nice. I like it Thank you. So traders I use and I suggest to use the dots. Okay. I'm just like trying to Right now Making more content on the levels. Okay, so levels more than the dots for now And I'm looking at the daily chart or a at a four-hour chart because often as you know daily chart doesn't give you the After hours and pre-market of the move I'm looking at over here book map. So the main levels the candles and just my patterns. That's it. Very very simple structures Super simple over here. So really nothing crazy Look at that. I mean look at the insight though like so simple, but look how they're bidding up underneath there Many times over and it pushed it up into that 240 area and then and then above I mean really strong Book and and then strong buying volume Yeah, and everything we can see over here the Vicks went down and then yes came up strong CL went down so like reverses over here And in video right now, it's really on a mission. I mean had this 240 breakout important level Until I don't see a decent pullback. I'm not going to grab this you can see we are so far from this 90 may So if we break over here to 42 this micro support, there's a possible wash to 240 Let's see if we're gonna have that Also remember traders today at 2 p.m. East There's the FOMC also 1145 Biden is talking so that could move even more the market Okay breakout over here and this breakout is very strong Why I'm saying that because we didn't have any kind of pullback. This is a pendant Okay flag or pennant actually more seems like more pennant and Generally we have a pullback into this 90 may which didn't happen over here Now they're breaking the 243 next step 245 It doesn't seem like it wants to stop simply wait first Rejection this 243 I'm watching right now almost at 10 stocks at the same time when I have these strong moves I tend to look for the pullback to enter for example yesterday This talk that I'm posting right now that I'm just showing right now. I turned yesterday live in the In the room sharing exactly that moment. This is Tesla and I held Tesla over here partial from yesterday. So you can see I'm waiting for the dips to buy Okay, I'm not buying up here. I'm not buying the breakouts buying the dips, right? Into the support seven that support 790 yesterday on book map was a big support on heat map and over here I had Bruce the dots and I can tell you where's my pen one second, okay? And I can tell you that at this level over here Let me put this like at this level over here in Tesla and this level over here we had a heat map like this and We broke it and right away we bounce back up like a fast washout and then bounce So it was very very good. I missed the feel over here because I was looking at the things So then I I was still holding from this. I add a little bit of here I added more of a here then I started to sell I Read over here. So half and then half I held it on video until this morning But I mean I like to buy those those dips they give me a very low risk and For me as much better to enter the dips that on the breakout and break out I believe that in the long run you'll be a loser if You'll be losing money if you're gonna trade always break out that that is a Is my suggestion for for traders over here that are listening to us. So you can see over here traders. This is one good support formed and Right after you can see that we start building that bar on this support. So right now I Didn't have a setup of entry and Bruce knows it only because I didn't have a pullback To my major strategy down here But this is a very good level where I can enter Okay, so very low risk I risk few cents over here between 20 30 cents and then I can take part of the move I don't really care if it goes two bucks or 30 cents or five bucks I take partial out on the first stall of the move ideally into the seat map could be a good level And then I take that the rest break even Mean I put my stop break even Yeah, it's just beautiful Joseph. I mean look how Look how clear that is Yeah, it's just simple and yesterday we have seen this over and over and over and I mean, you need a trade like this. You see like a consolidation breakout and it simply is your paycheck for the day Okay, they see it map 243 that you see over here. I tried to Reconstructure over here is this one. Okay, it's this one over here. So they see it map We're here. We need to put it like let's say orange That that is the heat map So that you understand Okay traders. Yeah, yeah, Joseph and and more over look at look again at the 240 area I can barely read 40 to 40 for 244 Oh, yeah, there's a flip of the order book on the offer to the bid and look at that Look at the result here. You know Just beautiful So now we have 245 all around the number What can we do? Can we short it? No, you can assure something like an Nvidia when you see 300k per minute That's a very strong volume. Well, if this would go parabolic You can trade it for you know a fast watch couple of bucks probably but for now, let it go Let it go. Let it go. Let it go. It's still strong. We don't want to fight this right readers. Yeah, just just a note To everybody like you know, we go through exactly this exercise not not necessarily with candles But just price best bid and offer and the heat map only no trading volume to understand the effect that the order book has here And instead you have the candles here, but the same same concept But look how much you can learn and how clear it is Yeah, very very simple This bar we sold a ton of volume more than 400k. So we had somebody I believe not really shorting about somebody I believe taking profit and Now we form another support at 244. We're previously we had the resistance So this is called shift because over here we had supply now this apply became demand And it's basically at this level over here 244, okay So let's see target right now would be that 250 mean that's the main catalyst that everybody looks at 245 there they're there 245 But now what you can see a little bit more resistance above 246 247 248 249 and 250 Below we have Nothing, okay, so when I see this I believe okay a pullback can come into this Red line that red orange line that you see over here, okay? Yeah, and again and more support in the book and still finding buyers Exactly Bruce you see how it easy. I mean I would enter on a bear pullback Like you know a little bit more pullback into this you can use a 90 may a 13 may a 20 may a lot of traders have different EMA, so that's fine. We're locked. We're talking about the pattern itself. That's more important But when this opens and you see that small dip guys, okay? And then right away reclaim that's your long and this is exactly, you know the trader that I showed you just before That's exactly what I was doing yesterday Okay, so your long would be over here and now we have like almost 60 70 cents of wind take partial and then you put a stop break even if it goes break even I always say who cares When you got to do this one time one time another time we had over here It's already maybe 60 cents or three times ready almost two bucks per share and you're done Okay, you don't really need to buy over here and sell over here top. Take you'll never do like that never Okay, so who tells you that you buy over here and sell everything over here is a fool or doesn't know anything about trading Instead you have to get partials Reenter if you can or if you are on the PDT you take one you sell partial and then you hold the rest So that's important also to trail. Okay now we just still don't have a Scenario here where you can think of a reversal or selling all your position Because this is strong The volume is strong. The bars are strong I never put over here because I Don't want to give you too many informations I think that keep the thing simple is the best at least when we have these these Lessons together, but over here Just simply point for in Vita 999. It's a pretty good filter. So you start seeing the big orders passing and That's a very good tool to see how much they liquidate over here, right? So this is all the The selling you can see those reds you over here. We have a bunch of red So somebody's really selling to the support and now we're gonna see if we're gonna have a dip To take ideal another long Okay, let's keep like this. I was seeing KC over here. Yeah And over here went over here went Small 245 support now. They're trying to create more support. I'm still waiting Facebook is also coming very strong 200 breakout traders on Facebook Facebook and I shorter days of Facebook. I had one 9650 average and I core everything into the 195 finary average Then I didn't long it. Okay. Sorry. We're here went to the here But and look how you can read the the sentiment change here in this price action like You know, you you found well first off there was some profit-taking So then then a strong book underneath it goes up to 246 And then yet now there's more so they didn't even trade into 246 So, you know, and now it's back is turned from bullish into kind of consolidation And and they're trying to hold this 90 May. Yeah, and in the book. They're not see how there's less liquidity than previously You know, it's not as strong as an area as it was before So they're less likely to buy and that is the sentiment here You can see traders that we have No more these big buyers pulling There they're yeah, exactly now one came So I just grabbed some over here at 45 15 risking the 45 I See buyers coming in I'm risking that 45 10 now When I see an acceleration and a speed of the tape, so you see the buyer adding a little bit more risking the 20 40 Out immediately. So simply got out super fast and Why do with that because it basically I basically saw that the support that we're trying to build over here It came off. So now careful because we can have a wash in along I love these washes in the long looking for 244 and 20 this support down here So let's look if we have that now for now a seller to 45 dip 244 80 and doing this traders. I have A little bit more than 80% win rate with every single trade shared in the room So it's really easy But it's also You know don't think that in the first week first month you will have these results Okay, it takes time speed Perseverance over here. I mean I see my wife. She's doing very good But she's every day improving making errors improving making errors improving takes a lot of time Okay support 244 50. Let's see if we have a dip over here with a decent heat map not yet not yet Let's see Reclaim of 50 maybe not yet still sellers over there looking at times and sales still sellers Till sellers till sellers a little bit of support a little bit of support There we are just bought it 44 20 Didn't get filled nothing. I Was trying to buy 2244 20 exactly when I saw we hear buyers Misted and now I didn't get filled. I was up already 20 cents. Then I put my star break even it goes 60 70 cents already cut half of my position Okay, this 70 is where I would have cut over here partially then if it goes all the way up I'm simply making a big win But in this case I try buying the bid because I always try to buy it lower Okay, I don't try to buy the ask we want to buy higher. I look to buy the bid So I also have a recycling More than a cycle. Sorry. I have like a rebate and my favor, you know that if you add liquidity you get rebates While taking liquidity you pay more commit you pay more of fees. Okay, this is very very important I mean if you have certain brokers that you pay no commission, you don't really care But I also am a big believer that discount brokers are not good for day trading So another dip over here 244 Careful because yesterday Invita me the same exact thing the same exact thing and then it bounce pick. Okay, I grab over here Let me okay, but the dip Risking the 80s Out so this didn't pay I tried Okay, lost 10 cents over here Was looking for a dip over here went a little bit, but now we're below this 90 may so simply waiting Scratch again It's important to take these scratches because like this you don't take losses. I probably lost five cents now Maybe eight cents nothing before and This morning I took like almost four bucks per share with all what I traded so it's good to take those scratches I see over here that we don't have any kind of big buyers But yesterday I remember we were in the same pattern look just look over here Because I traded it. So I remember pretty good and we were let me Explain you where we were Over here. You see that we were down trending the same thing right now and then we start bouncing so Always careful because you're in a big uptrend So we can have those dips But I need to see some big buyers right now, I don't see any kind of big buyers over here Some seller to 45 to 46 to 47 so it's more stacked over here on the ask uptrend Only way for me to trade is long Don't counter trend big caps unless you really know what you're doing But what I'm waiting is one thing over here is a main level of support And then on that level of support I can add Otherwise, nothing. Okay. So let's wait. I use a five minute chart One minute chart An hour chart an hourly chart there were four hours. I Have also 50 minutes and I have a daily chart. So I like to see things On more timeframes, I want to put attention one second on on KC So this is a good stock. It's coming up strong today nice bounce from this 520 Good volume, I'm gonna share with you what is Conceived so you can see the status of the company We're talking about the 775 million market cap 236 million float 32 percent institutional ownership So it bounces on a voluntary conversion to build primary listing the Hong Kong stock exchange The company Has a 22 billion cash Working capital 39 billion Revenues are 15 billions net income minus 3.2 billion for the quarter Another China company that being the designer market Last evening was simply going crazy. Okay, everything bounced up this morning So you can see that we push into this highly quitted area 550 also have the number and look to sell the jump in over here Okay, when you see like a Heavy tape in a sense of sellers look this one over here. Okay That big seller over here 515 now all the sellers jumping in this is beautiful So how to read book map is this Simply this it's not a hard Okay You wait for your level in this case 550 is also half the number and then over here you see this do you see green or red traders? Do you see green or red? Exactly, so those are sellers because the tape is almost all red You see these things very clearly now try also to Screenshot them study them and then repeat and when I'm not there with you. Okay, so dip on Nvidia 242 and bouncing. Well, let's see this dip over here in Nvidia. We're still in a good uptrend Yes may bounce up So holding this previous level of resistance now becoming support You can see traders. They're trying to hold this support to 42 I Double bottom over here on a five-minute chart. I need just a little bit more liquid it over here to start another long position This is a decent pullback or 242 or 241 J-Lens or this 90 may Now I need over here some big support in order to start my position Okay, somebody over here started to buy 242 and 40 You can see dip Into this heat map starting to bounce. Let's look on the five-minute chart and right right right rejection Okay, so it's stuffed over here Stuff is a fast rejection The price came into this 243 and 20 right away rejected Now what we expect 242 or 241 80 bounce. Okay, until we don't see somebody over here Having more buyers or more sellers. Okay, so one side prevailing or supply or demand We'll have lateral sideways action And then the bounce from a liquidity that 242 so we have some bars at that level We're talking about this dip over here Those who pour 242 you can put the line over here on our chart 242 We have a fast washout Fake breakdown And right away bounces I'm gonna log into this 243 trying to break the 243 Pre-or side this 243 and 20 Six patient traders patients over here as is also trying to bounce Facebook is bouncing as well. Yes. It's trying to bounce over here. Sorry Joseph. I was away for just a second No problem So we're looking right now Bruce and Vidya on the support 242 and We have four bars over here holding Two nice Support on The level two over here 242 and 241 80 Mark is trying to bounce. So we look at yes over here above that 4320 Nice support below That's the reason why I took some dip over here 42 30 on the dip and I'm risking that 42 10 42 So I started my position Mostly looking at the five minutes heart over here Big wash That's the reason why I always have your stop loss You can set preset orders for example with dust with dust or sterling So you can have 20 30 cents profit 10 cents stop loss so that automatically it gets in and out Or you can have for example 60 cents profit and $1.20 of stop or vice versa. Okay? You can trail different ways Now a good support over here They're trying to reclaim that 42 or now we have this nice support 4165 4250 over here. We need to see that heat map pushing. So we want to see these orange practically like this one holding the price and Supporting the price starting to push it up. I think we can bounce over here Want to see more green This fast breakdown this fast wash the 242 was right away reclaimed So until we hold 242 We can expect to push to this 244 and then 246, but it has to hold this 242 J lines wash Support over here. We need to see more buyers. So I want to see more levels of buyers For now, we don't have a yet a curl On the one minute jls, but that's the area that I'm interested in Facebook instead is already pushing So I curl from that dip. So Good move on facebook You see sellers jumping in So I pushed first to this 246 242 and 60 right away first seller second seller over here Now let's see if they're going to hold the support or if they're going to dump it again below 242 They dumped again below 242. Okay now new lows Going to that 241 Any ass you can see traders is below 43 20 43 20 over here That was the support that we were watching bounce from the j lines. We have to wait too long Still trendline break we want to see the same setup of yesterday. So I mean curl pattern Like we had over here. Okay. So we had the trendline break and then starting with this curl This is what we want to see It's also changed Tesla one second. I want to see if it's moving different So almost the same near the j lines Need to wait for a good curl So let's see how reacts over here on facebook 10 43 10 49 So dip over here for three this 49. This was a nice one just into that heat map Which is this level over here And then we had a main wash over here at 200 point 61 Which is this level over here And now it's dipping again into this 264 Which is this level over here So it was reacting very good facebook to the Book map levels over here I'm also going to check again kc. So always find first year daily chart the resistance remember this is Another first day bounce. This is uh, this is the second day bounce over here First one we added on a tuesday wednesday We don't have that huge amount of baggies on this stock. So not a lot of bag holders Let's start checking this. Yeah Remember before we had this rejection of 550 right away. The tape was all red over here. We are holding this 550 So that means no trading for me more push 558 strong liquidity 555 Look how it's pushing trader 573. So 577 Nice tape on this one Some sellers at 570 watching dips into this 90 may to buy Or a parabolic move ideally 6x22 short 575 still going 585 still pushing traders look at volume strong So you can see it's bar making higher lows now some sellers over here 585 But again, the tape is strong. Let it go 585 87 90 strong move from four up 50 on the day 595 Let's continue to watch this move think is interesting for everybody So 590 a little bit of selling you can see the first heat map and the second one Now it's normal to see this because we have a six hold on number and this is up 50 Okay It's normal to see those sellers over here at six Maybe I pulled back to the 570 90 may but this is definitely not a short again 590 They're trying a second time testing the six 607 still more It's on a mission over here 610 volume strong above 1 million break out of that inside bar Buyers over here. Look at the tape Some sellers over here into the 608 610 You can see over here 10,000 10,000 13,000 15 17,000 So somebody is selling But again, it's still strong Not a short 594 I could support this 585 again No long for me Let's put this is the maximum high of the day I'm gonna look if we can buy dips I deal in this 570 582 Now sellers on the tape You can see next More level of selling pressure 585 So they're dumping over here Okay, now that's the dip I want to look for a possible long 570 Let's look for that dip Those still sellers. So I'm not thinking to enter yet waiting Ours are over here six 565 Waiting Need to see a heat map over here for then entering those sellers Look that 572 569 sellers They move over here Just bought something at 575 Small starter I need to see starter is a very small position I need to see a big heat map below So I need to see buyers for me in order to add big on this one You'll see those kind of buyers Tape is showing buyers, but not a big support just below So I'm only taking the start and holding it Now risking break even at 579 Actually 576 More sellers at 590 Taking partial crop it over here 88 Again, if we don't break this 590 in the next 30 seconds one minute, I'm out completely We want to see a fast move and break in that level. There we are out everything over here on this dip so The fact for me not to load the boat. So basically I pay myself a pizza. Okay, and uh I wanted to see some big support. For example, like we saw over here. Okay, at least an orange level Okay, I want to see anything like blue or yellow And at least an orange level here and then I could have entered with more size Even if it's 10 cents, we don't know it's 10 cents We know that that's a very good low opportunity risk low risk opportunity So this can go 20 30 40 cents. Then it's the momentum the buyers the Say the the tape the price section that will tell us to stay in for more or simply cut our position Let's continue to watch Joseph would I mean, I I know you you said you you're hit 80 percent. You know Win loss, etc However, you know with this I know this isn't necessarily your strategy right now Yeah, but I'm I'm trying to you know trade pizza money To or at least to explain the tape what I'm doing Because I think it's important to show traders Uh how to use book map and I try to give more example as possible over here bruce. No, absolutely It's so helpful. I mean we get to peek over your shoulder and then Yeah, um your risk management is is and is so nicely integrated within your strategy here Uh, I really like it. Um, the question is like when you take these kinds of trades Like I imagine that you're probably taking a lot of scratches Oh, yes. Oh, yes, the scratcher could be plus two cents minus two cents plus two cents minus two cents. So Uh, the professional trading is taking scratch and that is the way that you will make millions That's the point Okay, so don't trade anything Uh thinking you will make a big win or you know a big loss takes a lot of scratches I see that, you know 20 maybe 30 percent of my trading is uh Uh is giving me the results the other 60 70 percent is mostly scratches or uh Small wins small losses Yeah, that's just really great to hear Joseph. I mean like uh to understand or have um in line, uh expectations Exactly exactly. Exactly. Zacka buddy. So look traders. We still bounce on this support 570 Uh, the key over here is the five minutes She is still uptrending low high low. So this is still not a short for me. You still can push over here, right? Still not a short So I'm simply waiting a little bit more conservative Now 570 is the level that I'm watching And then the other one is around over here 550 550 we add a support also heat map now. I don't see that anymore A 570 you dip again testing the support over here Went so the sporty C traders went But it held I'm gonna put a one minute up 570 over here 570 again Somebody holding the support Long dead again Hope the 73 risk in the 70 Tight risk have a systematic system that auto automatically you can risk four or five cents The trade goes against you risked four or five cents So I'm risking very small three cents in order to make at least 15 cents I'm looking at the tape the first sign of support coming off Or I would say sellers on the level on the times and sales. I'm gonna get out quickly Not even risking my break even or stop loss with here 75 I want to see a removal of that 75 They're jumping you see bid ask bid ask bid ask All sellers 75 so ideally we can crack that and push it But it was refilling over here 75 So I'm looking now at the 72 73. Okay That's my risk break even scratch what we're just talking to me and Bruce 76 77 79 so I'm already at one hour over here But for me means nothing when ours like break even So until 82. I'm not taking even taking nothing 82 will take one fourth probably 79 Think we can smash that 80 Next target 384 And sometimes from these small trades you start getting like, you know the wind of all day So now break even again 73 74 is my risk Seller came in you see that 79 He sold more than 30,000 at 79. So that's the reason why we had that the 79 to 76 McLovin, I'm looking at body at the always book map And how reacts with the level two over here. So with the prices on your right C580 is stacked 16,000 resistance. I want to see the removal of this Removal of that will shoot to 83 where I can put myself already over here on the ask giving liquidity Being ready to canceling take case goes down because I have to cut my position. So trying to explain this while I'm trading it And not really looking at the chart at all looking only at book my boy here at the prince looking at times and sales I need to look at the chart. I know where the chart is Is it clear, buddy? A good question though good question. Where is my attention? So 78 Now I'm looking for the next risk. I'm risking 75. I'm risking in the money the low of this bar. Okay The low of this bar. I need to stay with my cursor on the On my level two in case I have to change something But mainly if you have already stop loss preset and target profits everything It goes everything by itself. You see over here fast watch to the 73 So that is a 75 they're trying to hold it And okay out. Okay out scratch Took one cent and that's fine because basically the 80 held But it will be out the situations like this one over here where you buy and then goes like maybe 50 cents or 60 cents So we try to buy that dip Then work why you have to risk a stop loss got a break even plus one cent you pay your commission or whatever And if it goes who cares you can always re enter in a second time. Okay You can always re enter But it was that liquidity in there that really put the you know, uh the stop on it Because otherwise it wanted to go And they were still even look like it wanted they wanted to tangle with that liquidity now here. Here they are They're back and they'll take them on here Yeah, and probably break through it Yeah, yeah, yeah, yeah Yeah, they're trying over here to push it. You see they're trying to push it buddy Oh 70 support if you break traders this support is 69 Careful because it can wash Alan is asking is a stop loss to sense. Yes, buddy to sense is very small if you're looking for a day trade Like my Jalan's over here tells me to enter here And then that's my first target that I have. Okay, so I will still be holding And the stop in this case would be just below the support technically generally 10 15 cents Uh, but of course right now I'm trading more for a scalp So I'm taking 2 3 cents stop loss while you want to risk 10 15 cents. I don't understand that If that support is 2 3 cents away from it Don't give back money. That's my suggestion. Okay traders, uh, so 11 25 any questions over here? Exactly Alan liquidity and also chart pattern Liquidity and also chart pattern, uh, both together. We have a support So often market makers or algos over here, they will trigger that support in order to make you stop out But if you keep the stop break even you don't have problem to stop out break even and then if you enter Instead if you hold over here, you know what can happen that sometimes is not a fake down And then you have this and then you're stopping over here. Stop. Stop. Stop like 10 15 times. We'll lose money on your account Professional trading takes scratches and also for futures, buddy The strategy to trade is also for future. But you know, I let uh scott bullsini talking about that Think it's uh more right like that. Yes, absolutely. Absolutely I'm Absolutely Well depends on the strategy. I'm not here to Say anything about anything about it Especially scott is a great great trader, but uh, what can I show you? For example? This this is from a trader So you can see that it took the long over here And his top was just like uh, you sense below and then he took the win and then he can hold. Okay, so um personally Um, I like these kind of stuff like that Okay, any question traders? Oh, I think we're all caught up here on questions Yeah Yeah, it looks good. Yeah, let's go back and check one second in video So, uh, finally the day lines came over here I didn't join it. I missed it I'm a good support at 241 and 20 Perfect work by the zealots. Yep And liquidated over here 241 Uh, no, not really allen because I trade option I made a few webinars of options and I explained this content in my Uh in my room, but basically if I am not swing trading I'm looking for um weekly Weekly options. So I tried to stay with near the actual price of the underlying stock So first otm first itm looking for liquidity low spread And uh, never enter on the strength of the move. You always have to enter on the weakness like a pullback otherwise Options kill you. Okay Like this move here in nvidia This is a bounce that will pay you on stocks. This is a bounce that will probably not pay you on options Maybe break even or or stop Quick question on youtube here, uh neocore is asking, uh, how many hours do you normally trade in the mornings? How many hours I trade in the morning? uh from five until from 5 a.m until Generally 3 p.m. East I live in europe, uh, so I can get over here as uh, you know, as always I want So you five five a.m. You're you're trading uh east coast. Yes. Wow Yes, I'm trading often pre-market and the traders that we have in pre-market bruce are simply amazing Uh, but I'm talking about small caps I also look at docks in the morning. I like so uh futures on the german uh index and uh My strategy worked extremely good over there uh, but you know, uh, mainly I would say that I trade from 8 a.m. till 10 30 11 then I two hours, uh, you know privately privately coach members uh, and then from 1 p.m. So I have to launch until Three or sometimes even four Uh, the point is I try to stay away from midday unless I have some very good setup Uh, because you see a lot of you know, basically what happens the the traders go away. They're augus playing. That's it And you can have also lack of liquidity So you don't want to be especially feared options you and the market maker Yeah, I just put your um, uh contact information to the chat there Okay Uh, any more questions traders? No, I think I think that's it joseph Okay, so bruce, uh, let's wrap it up over here. Thank you. Thank you dawg for the good morning Uh traders again. Thank you for being here if you have questions reach out to bruce 24 7 is always available for you and And thank you for being here. See you next time. Thank you traders. Have a good one. Thank you Bye. Bye