 Good morning traders and welcome to the book map Live trading webinar today with J. Trader stocks trader. We do this every Wednesday with J. Trader at 10 a.m. East Coast time and the the whole gluten Morgan McLoko Yeah, we just came from the webinar with Oliver in German and You know like we said we're branching out want to reach other traders from around the globe here And provide quality content Oliver is certainly delivering that So what J. Trader here? Well, he's been delivering in quality content for quite a while. He's a stock trader He's gonna go through his live trading what he looks at in the order flow And how he manages and optimizes his trading and also trader psychology in here. All right, so you guys know who J. Trader is He's been trading for quite a while since he's been Since 18 years old. I do have some contact information I'll put into the chat so you can reach out to him directly. He does offer mentorship and we got to go through the disclosures and Then we'll jump right into the markets here a general disclosure all book map limited materials information and presentations are for educational Purposes only nation and should not be considered specific investment advice nor recommendations The risk I'm sorry 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 Passive performance is not necessarily indicative of future results. Okay, let's jump in here And let's take a look at the markets here J. Trader will be in shortly It He always comes in late. He's finishing up his room. So in about 10 minutes he'll be in And in the meantime, we can go through the general market and then this will provide a very nice foundation To look at the individual stocks that he is trading. Okay, so Well, let's take a look here on what's going on and we're gonna kind of piggyback off of some of the content that we we covered yesterday I thought yesterday's webinar was really good It encapsulated a lot of the bits and pieces. We've been talking about in several webinars If you guys are interested in that, let me show you where it is on our YouTube channel Just scroll down here. It is this video here. Okay, higher time frame market structure market mechanics And let's see what else is it? Market mechanics patterns and trade management. Okay, a lot of stuff in here really really good stuff. So let's continue on and Apply what we learned from the previous webinar and we're gonna start with very very simple thing Who's in control of the market? Okay, what's driving this market? It is traders Therefore we're looking for order flow Who's in control in these time frames now look who's in control in this time frame? Hey, nobody it's all over the place a move up a move down Down into high liquidity here a move back up. Look at these guys here So traders trying to bring it up to this 37 20 right now And trying to break out here. So looking pretty good. We go with that pretty strong volume here looking for just 37 20 right now This is a would be a scalp maybe a little bit higher Maybe up here because if this is strong enough volume, we'd be looking forward to continue on up a little bit higher here So maybe about 22 But liquidities here at 20. All right now. We got to be very careful though with these kinds of breakouts. It is strong It's only well, it's three points. That's good So or more than that a little bit more than that. So that's good We're looking for strong volume with a strong move And we'd look for the continuation. Okay, so far. It's been a low volume pullback here Hey, this has been a pullback right to here. Look at that right to 15 Okay, and we're looking for now more buyers to come in and we just didn't get them. Okay, we We're back and forth in this little area in here. All right, so this is a tricky trade the the main overall direction is Here to 37 20 Okay, and we're gonna go with that We got to go through the opposite scenario because it is a little tricky in here Opposite scenario is what if we find a lot of sellers down here big red dots down here at 14 Then we're looking for this to break And then come right down into 10 and then maybe down into these lower levels in 3700 the figure Okay, so that would be a false breakout here. Now this encapsulates right here this little fractal move that we're witnessing right now encapsulates many of the Things we we've just been talking about over these last several webinars. Okay, and yesterday's okay so we we We go through these different scenarios here, but we want to see who's in control Okay, now we're back up here when we find our buyers. Okay, so You know the buyers are in control. We're looking for this move to unfold 20 and 22. Okay, still like it still like it and looking for it So And we stick with that until we see that second scenario here All right, which might unfold we never know But we go through what the order flow would look like and that scenario will set us up for What might unfold next and where price might go next and that's what these webinars are all about Okay, so We're sticking with this direction until we see something different All right now. This is a small trade example. Okay now It's not a recommendation, but it's just going through order flow and understanding who's in control in areas here. Okay So look at the sellers come in trying to upend maybe these buyers here Okay, but this is where it broke out from we still stick with it here. Okay Not be shaken out of this at this time yet Okay, we'd be shaken out if we see the big red dots down here around 13 or 12 and a half So Yeah, we're we're sticking with that until we see something different. All right, so anyway We'll we'll come back and take a look at this here and see what unfolds Because I want to go through the bigger picture and set this up. Good morning, Tony aloha so let's let's zoom out and Bigger picture is like like we said it's kind of all over the place right now, but The we also want to look at hold on here and let me get This all set up. Okay Bigger picture. All right, so we're gonna start We're gonna go through this here, and I think we're gonna continue maybe These advanced webinars Looking at these bigger pictures So like the daily the hourly and the 15 minute here, right? So The daily is kind of all over the place as well. We see them move back up into This pocket here where it dropped from that was this island. We talked about at length yesterday And we came up and filled that and then the open we went right back down into these lower levels And we talked about that as well and that was the direction. We were looking for okay So we covered a lot of good points about that. So again, I I really Recommend that you watch yesterday's webinar And maybe that is helpful for you right now on this hourly chart if we look here We see some buyers coming in we see some buying tails in here in the wicks It's not a whole lot to look at though to be honest So let's look at the 15 minute chart, right? So this some buying pressure in here They were able to bring it back up into this 44 45 area up here and we see the move right back down here Is our open and then we see a bit of buying coming in right now That's what we just what witnessed in book map. Okay, so maybe they can reach back up here around 22 Maybe up to 31. Hey, we don't know quite yet. We're looking to see who's gonna take control here It looked like the buyers and we're prepared for that We all go we went through the other scenario and what it would look like if the sellers came in now If we start to see some sellers come in this could be a pretty powerful move to the downside All right, so we'd be looking around see this o2 Right here 37 o2 and we see big sellers down here. We have the potential for a pretty big drop And we'll keep an eye out for that on the hourly if we see that below that o2 We'd look for a move probably down into about these areas in here just to begin with around 85 maybe And then you know, it could come we could see a big day all the way down to like These levels in here that would be 67 47 and a gap fill here at at 21 Okay, good morning Bruce. Good morning Joseph. How are you? Good morning, buddy. Good. I'm over here with three traders today by my station excellent excellent, so Let's I'll jump right in here guys. I just wanted to finish up with this here and this analysis so we didn't even get to 20 here we were looking for it and and We see it chop down below here and sellers down below here and look at they're coming already right back up So it this is this was tricky in here and it it remains tricky right now to be honest Anyway, Joseph, let's get going. Let me or share your screen and we will Re-broadcast it here. Okay. Let me know Bruce if you can see my monitor. Yes Okay All right, Joseph, you're all set Alright, so good morning traders 1015 over here So this morning, I would say various flat market In a small-cap land we had earnings on Netflix. So Netflix had a 15% plus overnight gapper As you know when we have earning season, we tend to have less small caps gappers Because the market seem like that is cyclical. Okay, so every single time earnings less small caps So main focus for me this morning was Netflix We're gonna have a Tesla and others these days This morning. I want to cover here the play that we traded This is SOBR SOBR we're talking about a very small market cap company 29 million We have a 5 million float over here show flow 12% institutional very small around 2% and Was a gap around 30% this pre-market So I just wanted to point out over here What we had a Lot of these small caps how they work. So they need to raise cash. So they're using the press release to Bring some cash over here to their company This morning we had Open to the V-WAP, which is this red line. So you can see the red line over here 320 The high of the day was 346 345 You can see that we open and on this bar this red bar We are looking for stuff. So what they usually do over here is Create a fake fake out also called fake break out We had a push above that 325 so The room over here this morning. We got a short into a 322 321 Now the point is that it's not unwinding has a should because it arrived over here to $2.98 Which is this dip over here and Main target for me remains 280 What it did over here is Starting to hold you can see the three over here some support. So this level over here that you see this orange Means we start having buyers We had the first break out over here 306 so you can see this line We started having more buyers. So they were buying dips here here here So we have bulls over here again. They buy this dip and then just at this moment I was Saying one thing few seconds before that happened. So over here you can see 954, right? 954 is my time 350 for me nearly I said 328 push push and fail sure the bid 3 cent stop and what we did we took that the trade 328 was this We push above and this is another fake out which is often happens in the small cap land To take the short I Said three cents stop We had to push to 332 when it comes down that you're short 328 exactly here to the recent 28 First target 310 and then we were looking for this next target never come So when you have the curl exactly here, you have this curl You have to get out quickly Now the same process we're gonna check after also Netflix, but it's the same exact thing Finally we had you can see this trendline break sellers Over here Bruce, I know he likes it that I mentioned so we had two times sweep indicator working So with book map you have access to the sweep indicator. You will see it over here So stop loss of long traders. So bulls stop loss. So if you are long, let's say over here Okay, you buy let's say 10,000 shares at $3 and 12 15 You wait for that previous relative low. Okay to stop generally. This is the say the psychology the price section theory of Traders, so you will stop out of it here Of course You have let's say a little bit lag. You don't have like, you know the fastest computer in the world You don't have the fastest connection in the world. Probably your stop loss will go over here So you're basically long over here around 315 316 You stop out to 302 now you're mad because the price is back up where you stopped it where you bought it This is what you have to trade in small cap land, right? So you never have to trade And don't get me wrong You never have to trade when following the majority of small cap traders have to learn to trade counter trend But you're sure when it's high you buy when it's low All right. It's not like, you know, you check Tesla of yesterday Monday Friday You have the trend Small caps do this That's the I would say General rule in the last three months in the small cap land. It's a good environment for sculptors now What I'm looking over here 1015 Sowers action. I don't like cider was action. We like it. No, we don't like lateral. We don't like sideways It's not moving over here. So what I'm looking to do. I'm looking for This area to short So on a maxi clear out we had one second and now third only this peak I will look to short SOBR. Okay, so we had the first fake out of here book map second fake out of it here Okay, let's put a third one this area If we have this we meet these conditions We're gonna probably have again target 310 makes sense guys Let me know if it's clear, but that's the process that we're have to do a MPX halted in the meantime We have a stock in the meanwhile halted a MPX So this stock is this stock is having over here An extension of 36 percent from the open We have a float of 18 million market cap 530 million Volume 1 million over here traded We have a main dealer resistance at 9 So we're talking about an extension play. Yeah, I will just wait this for $9 resistance area So I'm gonna explain my thesis on this one This is the chart that you can see traders on a MPX by the way CWC. Thank you for the for the Lord buddy spot on So let's put over here on levels first of the daily resistance So I'm putting over here the levels where the price stalled you can see over here Last time price got to this point and then fail got to this point and this feel so if the price goes to that level Possible a rejection short nine zero eight 990 and Then we have this level over here, which is higher 1233 faded. This is a daily. It's an hourly chart okay traders hourly chart and Then we can put this level over here Now the last thing if you want to be We say Putting really everything we're gonna put also the fib retracement. So you're gonna see in light green These aren't my fits Now we're ready Okay, so Waiting for what? for this nine Nine zero eight area. So I'm waiting for This area over here Remember, this is hard to borrow. So you have to borrow the stock over here. I'm gonna check Keep map selling Sorry supply area. So these are all the orders of Sellers place on the market And I'm waiting here if I have a fail below I don't care Mean you can scalp it if you're a scalp if you're a scalper. I'm waiting for this area clear guys Yeah, and you can put over here on the YouTube like in the description or in the chat like a yes or question Feel free to interact with us. So it's very spreading. You can see right Very spreading low liquidity Meanwhile We have Netflix So I'm running other monitors. I'm looking at this. You see that two seven nine two eighty possible fake out short This morning. We already had with book map together We had two alerts were short this point and this point for a scalper scalping setups, okay, so I'm looking for this for this short Netflix Remember, we had earnings While we were looking to trade over here is a fake out also a push right now on So br, okay, so br So over here, we had the first stuff on Netflix, but I want to check so we are with you guys. Remember what we said We're looking for that fake layer out of three 32 area This Is your question So right now the market is bouncing. Yes is that one Jimmy on the 5th We have a little bit of bounce on M.M. TV Waiting so br and Netflix those two only you need a lot of patience over here Okay, a lot of patience remember today the market is a little bit of slow Patience over here traders. We're still Grinding there's a trader next to me that he's trading Netflix Okay, so these are the level of Netflix Netflix still holding so let's wait for this There we are so br pushing so let's flip to so br watching that 332 Netflix watching for 279 280 and I'm not watching you for a big reversal. I'm only watching if we have a stuff in that level So we're here as you can see we had another small stuff on so br, but this is not my entry I'm waiting for the previous high Every time the stock broke the previous high faded. Okay, so here Here And now we're waiting for this level So holding over here 90 may holding support 318 We're talking about this micro support before when we had this clear out and Subsequently the the reversal over here. Okay, the fail and happen very quick and also over here very quick This means like, you know, don't get distracted be prepared In the meantime, I have to look at Netflix That's a fake out of here Netflix Level to short to 78 and 60 The risk 279 Remember what I just said we're watching for 279 or 280 fake out, right holding 90 may now the trail Has to be 278 at 16 So if it breaks 90 may First target 277. It's not an a plus setup. We're looking for a daily fake out level Yeah, Joseph. I think that's a real key element there What that makes it so much more higher probability You're looking for a daily fake out level Absolutely, absolutely So if you look over here I'm gonna put this And it can still happen a second fake out. Okay, if we look over here traders We had the after I was high 279 So we're looking for the fake of that level over here, so we're looking for stuffing candles So this is still not a stuff now the stuff would be 279 and 30 Poppin fail to short just making over here An outside bar seems like I know something like an engulfing Break of the support again. This is not the perfect setup that I wanted so This is not the reason for me to enter If it goes down, it's fine. Yeah, Joseph. I kind of want to Discuss that a little bit with you if you if you don't mind Because you're looking for this to unfold. You're looking at your daily Levels you're you're looking for a daily break. You know that that's higher probability if it if it fails it will go back into the range and And it's doing something but it's leaving you high and dry At least for the moment How do you deal with that mentally? It's like you will never get all the setups you will never get all the fades all the longs So it's just about you know knowing that your a plus setup will pay you the majority of the cases So I don't simply need to trade everything I can wait the whole day without taking a trade and That is the mentality that a trader should have so you don't need to trade every single moment But only when you have your a plus setup Okay, getting over here in SOBR. You're gonna get a stuff Remember what I said 332 that's a stuff. That's a stuff. That's a stuff Okay, so remember what I said 332 fake out. That's your short Just like a perfect over here fake out, right? Remember what I said a few minutes ago We're gonna look for fake out one fake out two fake out three boom Now you put a stop break even Okay, so just what we said a few minutes ago Look for that fake out very easy all morning calling the tops over here to short Of course, you have to be ready and short the bid You can see the traps that this market is giving us in the small cap land, right? We have in breakouts right away breakouts are followed by heavy sellers So breakouts Don't work in small cap land. That's the reason why the majority of traders who follow the chat pumps We can talk about this freely is losing money Who's following a words is losing money, but there's a lot more to it than than just just that what you mentioned You looked at the fundamentals You looked at that this company is just trying to raise some cash. They're pumping it They need that and therefore you have your reasons for going short with this Exactly Bruce, let me show you something two main things for me in the process a company over here with 29 million market cap and 5 million float what do you think they're gonna do? I Mean why you think really honestly they're gonna do This company over here Engages in development marketing and safe of an uninvasive alcohol sensitive system with initial interlock. I need to know what that means second thing Potentially, I mean, I hope this is not your Yearly over here balance sheet Bruce because okay have cash three point seventy five That cash is gonna be maybe good for five months and your revenue End of the year is one point five K Come on. Is it really bad? Is it really this is? You know serious And then I go to check the history over here the company and I see my stats But the most important thing if you don't want to think about all that You have your resistance When you have a clear out the resistance and fails, that's my short and Then I don't care, you know, if this goes like 15 cents like we had this morning two times or gives me five cents And then stop breaking it. I Just curious to take you know my trade with low risk. This is ready my stop break even for the rest So this was a trade we took this was a trade to each trade we took was between two and three cents risk Two and three cents risk and we had each time 15 cents. So that's a five six hour return every single time So we're here and everything I recorded this morning. So what I'm saying is what I'm stating Over here we had like what three four cents and then stop right here. That's fine Now we're going to look for the next clear out over here at 338 if it goes again Level push that's your short and we're going to do this over and over and over and over and over Meanwhile netflix This is a sobber setup This is a nice distribution pattern on a lower high This is a counter trend trade because over here We had this main uptrend this morning What I like is what I call over here a three way pattern So on a fail of 277 We're going to start looking for a big unwind on netflix Which would lead probably to 275 So we filled that This is the lower high on my one two Breakdown 277 I don't see Unless a reclaiming consolidation 277 that this will hold for me. This is a good selling off over here Uh, yes is rejecting so possibly yes will fuel this the sunwind. So let's see. Okay. The price has to stay below 277 Rejection 277 over here sellers in control boom. Bye. Bye beautiful And look the sellers over here mean they tried over here to make it bounce a little bit sellers in control Yep Now what we can see is a 276 support The next thing I want to do over here Is tracing my fibs So we're going to put some fibs This high to this low And we see that that 276 is also fib level So the price is to stay for this pass along wine below this 277 If we reclaim consolidate boom, we can push back up Joseph, can you can you show this this is on the can you show the daily chart? Sorry, buddy. Can you show the daily chart on netflix? I'm just curious Of course so Just one second traders just look this heat map They went to absorb it. So let's get to it daily and do like this Okay, so there's the earnings All right. No it boosted it was for several days it went higher just just due to anticipating earnings or Or not. No. No it gapped Okay, I see it gapped this morning of 30 points 15 percent in pre-market And uh, what happened this morning is technically talking right Is a dip into this, uh, main line that I see over here this band This is often an exponential This is a 200 exponential average is often a level where we can have a main rejection or a main bounce And then I'm probably simply Went to the high of after hours high, you know on the earnings A double top over here three way pattern now Is rejecting this 277 Bear flag over here We should have a fail To this point Yeah, looks good. Oh, this would be um A good setup until the price stays below 277. So until the price stays below the strength line so just to back up and and and Note a few key points here For your a plus setups is number one First off, you know exactly what you're looking for You're looking for a daily and I know you've said this for years now But on the higher time frame something outside of the range Now you have something because Is it going to trend is it going to fill the gap is it, you know, what what how is this going to unfold? You look at the fundamentals You also look at the quantitative data now And then you look at book map for the really understanding the order flow and how traders are reacting at these levels and where Price may go next Due to their activity here. So And you have your setups. So there there, you know, you have a high high quality setup due to This really important data that you're looking at then you go to look for entries and Yeah, this is a How you do it and just to make sure that others Understand like you may miss some trades you you may but not you're it didn't do what you're looking for That's that's it. Look for the next trade Exactly. So what we made is a a playbook strategy Which is formed by number of patterns that I trade with this market This is together with book map Timing for the order flow execution And then I use my stats to get and have an edge in the market. This is basically What is about is a strategy that I has Precise win rate precise strategy with I would say a setup that I trade On a daily basis only one thing I wanted to point out because it's It's very important to say and this is just what I what I wanted to say one second over here Sorry Yeah, exactly. So the point is Point is this Don't trade anything that is out of your playbook And don't trade anything that you've done not back tested that you're not like Tested more than once and you know it is proven and that is working All right, so that's the most important thing Yeah, guys, I put a in the youtube chat there. There's a poll Do you guys trade small caps with very low floats like like j trader here? so Just get a sense what you guys are looking at. Do you trade these kinds of things? They are very tricky. They move very quickly But as as joseph just mentioned these are these are this is the setup And he knows these companies. He knows they're trying to raise money. He knows the game. So he's he's uh He's he's gaming the system basically he's playing the game here and And has has a plus setups looking precisely for this Exactly. So over here. We had fake breakdown on netflix This is our level of 277. So correct one two three weight pattern Breaks as we said if we reclaims and hold the 277 No more setup for the shore side Now are we looking again? I will be looking for this fake out over here This 279 in 30 if you have that level Fakes out and then winds. We're gonna trade that again mntv is The setup that I just missed and We should took it. Okay Uh, a trader over here in my room is just over here in Italy from canada Uh, he took the trade on this fake out. So beautiful 279 7.9. Oh good. So this is the setup over here Uh, it's called extension to the pre-market eye. This is the pre-market eye and you can see traders this level And now we're gonna look at book map And look this Bruce take out Heat map coming over here at 793. So very nice top buddy. Very nice top No, basically what is today was a small that is a for small cap traders are very um low volatile day low volume day few gappers You only need one trade like this. For example, I missed it. I was watching SOBR now I was watching netflix Chris was watching this old symbol morning one trade having Something like fakes and stuff Okay, so we had like very very tight stop and over here is going for probably 30 r something like that because right now the price is 750 You need one trade like this to make your daily return So patience traders. Okay patience and if you don't have any kind of setup Uh, simply avoid Bruce you like this, uh, fake clear out of here the heat map and right away the heat map came back in Yeah, absolutely Um, you see this buddy. This is the high of day just like netflix just netflix work for you know, like few cents This work for seven for yeah 50 cents 45 cents on a seven dollar stock Yeah, that's Look how and often sorry if I interrupt you often this morning a trader was asking me was telling me And he was right. He's telling me jay The setups that I see often that I like to trade are the fake as I said, it's totally right and By fake outs is when they go break on purpose The heat map resistance here And then they put it back on And look this every single high they're only sellers over here. This is really the seller that I love It seems so easy, but it's not Because a lot of traders will short here here here stop out And then instead here's the level where you have to short yeah, so It's uh, it's about really patients and knowing that level and using book map Because that if you can see is the first level where we have the fake out of a book map The first buddy. Yeah, that's that's where you get the edge understanding the order flow Exactly exactly Um the uh Oh god, what was I going to say about the uh, oh, um netflix. I mean a different animal. I'm sorry I said take a coffee And I've had a little too much this morning. Um, uh the um The the netflix, uh, is a little different animal. I mean, this is you know, uh A fang stock, uh, and uh, you know, it had good earnings Um, so there's still buyers in here, uh, and there it's going back and forth. However You know, if you took that short in there stop to break even take some off at certain areas You know, you didn't lose anything and you are set up For the bigger picture move and which might still unfold here. It looks like it's about to do it right now So now now it's going to do this bear flag Uh, and and try to break down below into lower levels here. Um, yeah, second or high It's uh, first lower high second lower high over here pretty nice stuff candle So let's see Not in a position over here personally not trading these days over here focusing on more mentoring traders But let's analyze over here the the price section break of the previous low Target now 275 and 15 Yeah, beautiful. So how would you um Well, it was right in front of you. I mean you kind of you you you found your setup in your trade and then would you Where would you would you get an a plus setup out of it in the last like five minutes? On netflix. Yeah So this morning I called this setup already three times Uh fake out So fake out stuff. That's the setup um And I can tell you this So To to share why it's a setup. Okay I Just before we here at 1004. Okay. Just look 1004 You see this bar here, right? This is 1004 I wrote 275 fake out breakout short sculpt trade mold only Append fake out 275 50. So that's our short That's the stuff So the same exact pattern that we see over here The same exact pattern that I betrayed over and over and over So nothing crazy nothing different. This is what I preach That we trade in the room Or that you know that we have What I like though is not only analyzing the price action Okay, but it's also looking for the pattern to be confirmed on bookmark And what I need over here two main things trendline break rejection for the stuff Well, the wise Bruce is like, you know, you have the engine but you don't have the gas leaf So the same thing over here trendline break. You see that rejection stuff rejection stuff The same thing we had at 1004 So 1004 was over here and I was saying only for a scalp, right So 1004 we had this level We had the 275 fake out That's the level I said wait for a fake out 275 and 50 That's a level too short and I don't care, you know, if the stock goes down 20 points When it goes down already one two points in this uptrend. That's a good trade. That's money Yeah, yeah, exactly. I mean and then you're managing your risk along the way So so and and you can see this one this one here played out right to your target And uh, so but but something like I think You know, we've had some some pretty good discussions I think lately and I've kind of dominated I don't mean to dominate or come in and take you off of your your game, but these I think they've been You know, I like the The the talk you're having over here is pretty interesting for me. So Welcome Okay, I mean just like one of the things that that just seems so Clear to me. I mean first off is the discipline you're waiting for your setup and you know, you miss it So what like look for the next one? Yeah, but this is sorry for interrupting not always we can have discipline. Trust me, buddy Uh, I've been mentoring some very good traders been talking and trading for cost with other very good traders talking about seven and eight figure traders, all right uh, and uh Every day we are like fighting to keep discipline the only way that you will be I would say trading safe Is when you use softwares to help you out Because I can have discipline 365 days one day I can simply not have discipline and lose what I did in one year so softer means Dollar risk with a chart with the sorry with the stock with the broker hard stop loss always using hotkeys and all this Rather than that if you want to be a professional trader I mean don't trade unless you have these to protect you Even because you know, you can have like let's say what my output or Uh, you can end up like, you know, somebody calls you get distracted You're in a trade a trader versus news and you lose like, you know a ton on your account Always have those those risk place always even before taking the trade Over here in the meantime, we see a netflix stair step down pattern Also, Bruce you are saying sorry discipline and well, um I mean one of the things that just seems so clear to is is you have an understanding And I think this is a real key for especially a lot of beginner traders They they come into these these webinars or they come into book map or you know, wherever And it's like well, I want it to work now This is oh, I understand your setup. I understand what you're looking for and Okay, I'm gonna try it out And they try it out and like it doesn't work a few times. It works a few times. It doesn't work a few times And they go, oh, this is this is crap You know And then they they watch something else on youtube or you know Twitter and then try something else and and then it's just an endless string of of that Instead of like an understanding here with your understanding from your discipline and you That it's not a single trade. It is all of the trades together It is probabilities And for that to sink in Can be I think challenging for a lot of traders because they want to trade now they want to make money now But it is it is over a multitude of trades Yeah, yeah, yeah What I believe is that the perfect trade the perfect setup the perfect strategy is only the one that You create So I see a lot of traders using my setups my strategies And they customize it for themselves Who's a little bit more scalpers a little more swing was a little more day trader And it doesn't exist the perfect system But only you can look to improve and evolve In order and to have a goal to become a good trader Because we're humans we're going to make always errors We're not like based on algorithms So the only way is work on yourself and trust me I I met really A thousand of traders during my career thousand of traders who failed who got successful And If you don't Stop looking for something else. Look at Jalen's how they're working on here Bruce If you don't stop and look for something else if you always change strategy If you always think that the first is appointment the first stop you have to change something You're going to fill in everything in life. You don't have simply the guts the stuff You don't have really the We say Yeah, the balls to to get success in life. So instead of Seeing problems and changing something So like moving the next thing moving the next thing and always being that loop Fix yourself first and then learn how to trade which it takes a lot of time a good trader Takes at least three or four years To become a decent trader good trader You cannot become a good trader in two months six months So whoever tells me my professional trader after three years of trading and start laughing That's the nude and crude deal This is a mean and I want to secure traders. You cannot make money in one year But don't pretend to know everything about trading after three years of trading and start like, you know Open an account on twitter and explain to traders how to trade Yeah, I mean, I I think You know, maybe it's through repetition or maybe, you know, there's a lot of people there are You know people out there more kind of inclined to understanding, you know probabilities and statistics and And and an understanding an edge building an edge Most of us are not because that's not how we work. We we work in a linear fashion that We do some sort of a profession and We see a result after it But here it is Multiple You know item or things that we look at and what I'm trying to say That there's it's many trades that we're looking at here. It's not just one one action It is over the course of many actions You've mentioned it so many times on these webinars That the the main thing that you see Where traders struggle is trade management. They understand the setups. They get great entries, but they totally mismanage the trade I'll agree with you And uh, in the meantime just to share with you how kind of manipulate and stuff and Only scalping mode chart is SOBR is this A few minutes ago, I wrote wait. How they fake out or golden zone high golden zone high. Is this my yellow level? to short SOBR What happened and this I said at 59 so I said it went over here Fake out of what of the golden zones in this yellow area push Dump So this is I said Bruce is not and you see what I preach I say So before the pattern, this is not something that you learn overnight so only if you read 10 000 stocks price section for 1000 of hours And you learn with you know losses We learn to see how the market reacts on this patterns because not everything will work like SOBR This is a different type of manipulation today And also you consider that you have to take scalps because that's already your target if you take 10 cents out of this Then half you put a stop over here in the money Goes down good doesn't go down you stop it So this is a scalping environment If you simply wait for you know the big trade over here the only way Is Possible how they fake out like see wilkins did on mntv or otherwise nothing else What are we having also? A wedge up trend line And you can see over here. It's like getting tighter and tighter and tighter. This is a wedge Wedge generally is the best opportunity for me to make money because on the wedge I love the fake outs and then boom And this if we have the luck to have this today Oh geez, this will be a so much good collection over here of poor bull traders and they're gonna dump like 240 to 50 So we're gonna look for possibility that okay. This is a once scenario if this once scenario will come we'll play it Makes sense bruce Yeah, yeah, absolutely And um, you know, I've been we've been saying like in the in the webinars recently It's like, okay, what it on any trade that someone takes any trade What is the one thing that it all it it it has in it? inherently And the answer is risk So how do you manage your risk? So first off it even We said that my answer mentally was low risk. Yeah, yeah And and no people get it And and people understand that concept. We all understand that concept but applying it and and with action is something very different and uh The you know, we've talked about this before and you and you said oh, yeah, it's risk, you know managing the risk However, you first need to understand you have an edge You have to otherwise. What is risk management? I mean, you're just risk managing just, you know crappy stuff Um, yeah, maybe it works a little bit here and there saves you but you're not going to make much Uh, you have to have an edge So and then you have to then basically there's the leap of faith You trust your edge And you take it every time. Yeah, you understand. It's like rolling dice in in craps. I've been using that word three times now. Um The game craps. All right, everybody knows you're repetitive Oh, I don't like that. Um, but uh, the let's let's uh, you know talk about the the you know gambling like the game craps like You know every role There's there's a a multitude of possibilities. However Most of the time a seven should pop up Okay, uh, and that's what you know Uh, and uh, and then an eight and then a six because that's the the the probabilities of it Uh, therefore, uh, you know, do you have an edge or not? Uh, if you do, uh, you should you know, uh manage it correctly, so a very very simple example, uh, but um I think it's very challenging to apply that in Uh, the markets because there's They're doing so many crazy things. Uh, but you have to kind of take a step back and fit it within your plan Which is exactly what you've been doing for You know for years Yeah Absolutely knowing what may or could happen and netflix If we have a five minute inside bar zealine curl on the next 30 minutes is going to be a good long So i'm looking for this pattern over here not long yet So this is what i'm looking for right now And it's a waiting game It's a waiting game So today beside chris wilkins. I have a new trader over here. He's from the currency of live Uh, he's a friend of mine And uh, I hope I didn't scare him because today for example, the market in small caps was crazy, you know, like No straight fader Just like look this manipulation on sobr over here Uh, that we had this morning Was was crazy. Look this this is not this is not a good stock to trade Or mntv. This is not a good stock to trade fail push fail push fail push Crazy crazy crazy crazy surprise action And I always say if you want to create something more simple trade big caps trade big caps trade big caps Or futures Yeah, but then just note that You're not going to get half the opportunities that you are with all these other setups that you're taking Exactly exactly So, I mean that's what people have to understand. It's like, okay, I'm going to trade big caps. All right, like let's make money I'm ready And it's like, well, you've told us over the years here that um You get maybe three Good setups, uh, or four good setups per week in some of the large caps Absolutely Absolutely, uh If you want to scalp There's much more setups Okay, but if you want to um day trade I would say you will have like, uh One setup good a day This is one of the scalpers that I'm following. This is the level of scalping that he does Of course, he doesn't pay commission with certain routes, but you know, this is the level of scalping when you trade this um Is a different, you know, uh scenario When you're trading instead This kind of trading or this kind of trading is more like, you know, sniper Point one trade. That's it So different styles and this is based on your personality like we were saying before So here knows him yet. Just if I have a question, uh for you on this, um, uh, so br The um, yeah catchy little, uh ticker name there But um, uh I I don't quite understand the small cap land like I mean you've you've described it, uh, however They have, um They're their business is to is to raise money by by by trading in here. It appears And uh, and you're looking for that the pump and dump and uh, because these Obviously they're burn rate. They're not they're they're having they're struggling Uh, so they're public. So this is how they're they're doing it. Um, But how much like like this that so so br right now that they've pumped it a bunch of times It's like you're competing with them with they have a lot of cash to be able to pump it So, uh, I guess I guess the The answer is they just very very careful risk management because they they'll just turn around and it's like Well, let's go a little bit higher this time and then we'll be able to dump it Uh, if if there's people hanging in the trade and they're shorting it's like, well, we didn't get the size that we needed Um yet. So let's pump it again And if you look at that so br chart, uh, they've pumped it several times now trying to raise trying to trying to do that I or do you It am I right in the business model? Or is this the kind of behavior that they have? Um, yes, uh Every stock is different We we have one thing Uh Big caps are generally trend following small caps are generally counter trend Why the majority of the gaps that we have in small cap They fade down to where they came from they won day two day three And this with more than 85 of all small caps that you know ever were traded Based in the last set ups. Sorry based in the last uh stats in the last five years Of the last five years So when we know this we have uh, I would say an edge. We know that they will fail 85 percent in No more than three days will come will go back to where they came from What does it mean if that if you invest in small cap land? Your probabilities to invest in a company and have a return after one year Are very very low So Why this happens You are bruce bruce is a ceo of company You go to I know way ride or whatever And uh, so you go by two lawyers You have a 10 million market cap company Uh, two percent of institution will hold your company You want to raise money because you have to fund basically your new toilet paper They're putting on the market. You don't have money to do that And uh, you think your toilet paper is good So you put out press releases saying that the toilet paper you're making really not going to have your ashes And the same time you call rain right you make like uh, you work for an offering and you look to raise five million Through an offering or you play some warrants So for investors to get warrants again exercise at 3.45 Your stock right now is 2.45 So you expect to collect five millions and Put out the press release everybody thinks, you know, this toilet paper will be like the next generation So you will see that on tv's and everything you pump it you put out the news use newsletters uh, chet pumps will also look to improve this by Making morning fake breakouts Thinking that this is very good seeing the volume following scanners Alerting this they have two three thousand followers. Everybody's gonna buy them And then it's gonna do like mntv today or so br today Or a txi yesterday or a va v two days ago or a bmr a like four days ago Or like i'm array like four days ago or like all of these So you got the point that they will push When they're satisfied sometimes they won't get the price of exercise warrants to get reached But it will still get like, you know enough money to raise their s3 after you they're like foreigners And then they will simply dump dump on poor retailers who will get like more I would say The press frustrated because they're losing money. They have no clue on how small cap land works So at that point you will try to get a short because you see that loans don't work And by shorting you will simply get in stop all the time because of your strategy You will change you will try to add you will blow up you will retry it again. You will lose one or two years Eventually you will learn how to trade but that will of course you like a lot of depression a lot of frustration a lot of stress Then you will get a mentor like me and then you will work your ass out to become a pro trader That's the point of the work that we're doing So who's pumping this? Everybody's pumping by chatting. They are the secondary the first ones are really the company that tries to pump as much as they Can to raise the higher the price the better Right. So if I can raise five million, why not raise 10 million? Okay, why I have to dump my shares Let's say a two bucks in the case at three four point 45 bucks if I can dump it at five Okay, that that's all you have speculators. So you have like big hands could be an institution could be like Some big trader that wants to make money that day So maybe the float is very small like 500k one two mil So they're trying to flow rotate as much as they can trap more traders push it out Two three floor rotation then dump on that for fake breakouts Okay, that that was the answer I was looking for is like that they have the cash to be able to originally pump it and to Advertise via the tape And they got the press release. They got whatever it is out there And then that gets people interested. They start buying it. It's the next best thing And then other people come in and then that's where The move happens and then that that's when the short You look for them to cover at a certain point and then dump it Exactly the point of the game is the timing So, you know already 85 percent in maximum three days will fail You know that you have to find a level to short Level to short is back confirmed by book map So when I say book map, there's a lot of strategies not only looking all that resistance That's part of the equation Learn the strategy learn the patterns learn how to read book map. Then you have an edge and you can make money in the market That's a point so for For example, uh, mclovin is is asking, uh, so uh, when they are pumping it And own most of the float they are essentially trading with themselves to pump it Also, also so mclovin This is a guy that I love all right And because I was in Denver and he flew from Miami to come to visit us at the meeting in Denver So good morning mclovin. Thank you buddy for being here So when they're pumping it and own most of the floor essentially trading with themselves to pump it, of course They pump it, but then they need retailers to buy it Okay, so they will pump enough to make retailers getting interested So retailers will jump in and maybe the wagon of the retailers to dump on them. They're not going to dump on themselves so let's say maybe they buy parts of the float And uh flow uh retailers will come in they will buy the remaining of the float will float rotate will push back up They will maybe have a fake breakdown. Maybe they can rebuy a little bit of the fake breakdown Let's say we have this fake breakdown over here They will rebuy it over here in order to pump retailers will see the breakout push this back up again And then when they will see the possible fake breakout, just not on netflix Fake breakout they will dump on them Okay, so they're using retailers without retailers. They cannot do anything If there won't be any single buy out there of retailer on their pumps They won't do any kind of profit. They will actually lose money or just like, you know, continue the whole their shares So can you explain what you look for in book map? For that, I know you've done this so many times in the past, but it's a good time to go over that What you look for book map in those moments I want to bring up One only one bruce Uh example, can I? Yeah, sure. Sure So The example i'm gonna put is this Amazon Okay This is amazon traders open in amazon level of resistance 129 and 90 level of book map 129 of 90 Seeing that rejection I can short or in this case long I can sell Then I want to buy the stock because I have my strategy my chart pattern. So I need a strategy I'm looking for the strategy that tells me this is the level that I want to buy So the level of where I want to buy is 128 128 and 50 Book map gives me a big support 128. So what I'm doing I'm risking 50 cents Loading the boat long Starting to sell on the rip Risking 50 cents. I make like average 1.5 buck return per share 3r return how you make money even with a 40% win rate Buy on book my support plus play market support plus my strategy. That's it Very easy. There it is I'm watching over here again our friend netflix, uh, which is just like Little bit sideways action over here As I said inside bar in the five minutes, this will be a good long. So I'm not there We had several dips into the j-lines But no fake wash out No inside bar no dip No curl that I want yet waiting Waiting waiting waiting You know, we didn't have any kind of great setup While we're in this hour of talking together, but I think we cover so many good things together And what I want is that traders understand to never give up Never never give up Now this is the reason This is a trader who before making this for three years lost money So never give up That's a point Because eventually you can get to these results or even better Never give up Look at the support Meanwhile so brb was still sideways Still sideways still where it came from, you know, like open level 320 Yeah, I I just have kind of in visions of like the board or you know Hanging around going come on. Can't we pump it some more? Yeah, but I don't know probably they sold everything over here I don't know just very strange how they're holding Expecting an afternoon dump on this The volume for now is very very low. You can see that I'm gonna put this up so br you can see over here that we really have no more volume The last 30 bars had an average of volume 57 k We're not talking about Netflix at $280 stock We're talking about a $3 stock. So it's 57 k per minute On the last 30 bars is extremely low Yeah, that that's another thing that we talk about many times like in the webinars about Well, we know that like the small cap land is very tricky And not for the faint of heart but the You know Getting where where you're gonna get people trapped In a trade. Well, they're compelled they're forced to to Exit or trade And look for that kind of behavior And in the chart as well So where they're dumping it where people are oh, yeah, this is going to I'm gonna buy the breakout and because it's going to You know 20 bucks or something And then that's the trap Oh, yeah, like you're like you're saying you're your fake breakouts and your stuffs Yeah, they're not working Breakouts, they're not working Bruce 1130 I think Market over here is not giving any other Signals do we have any questions? No, very kind of a quiet here today Um Bert is asking whose p&l that was um The one I shared before a trader who I mentored the last two years Yeah, and so and there you go, too. If you guys are interested I put the into the chat there. Oh, and this end the poll looks like most people aren't trading small caps like you That with low floats 61% say no So I'll end that poll and then The Your links I put into the chat a few times. So it's over in discord. It's in youtube here So if anyone's interested in reaching out to to joseph and His mentorship You've got you've got it and come over to our discord room as well. It's over there and Yeah, reach out to to j trader Bruce it's time. We're gonna make uh, it's time to make uh, uh seminar in new york Sounds great. I'm I'm game. Uh, so Yeah, we'll uh I'll have to talk with the team here and try to try to arrange something like that Yeah, because we'll be you know, pretty good and I think a lot of people at least a lot of people like wrote me If you're gonna do anything I think would be something, you know to cast traders to make uh, you know A book map also more visible And we have a lot of friends in a in new york, right besides my beer Yeah, yeah, I I'm I'm still pushing uh for the san marino, uh seminar but uh Here here there are like two or three traders in italy, maybe four or five I know but uh, this summer I will make uh, intuscany and available in tuscany for their for Four days of intense, uh trading. So live trading together with me. So this will be good. I will keep you informed Yeah, yeah, I want to I want to be there for that I will invite you Excellent excellent. All right. Well, thank you joseph. Uh, any parting words? Uh, just keep traders always your stop loss and please don't blow up. Okay Learn from what we say every single time. Thank you bruce. Thank you book map traders. Thank everybody Welcome questions always and take care. Bye. Bye