 Morning traders welcome to the traders lab. I'm your host Tom B. Can I please get a screen and audio check and in YouTube? I need to know if You know okay there if the audio is clear or if there's popping and distortion if you could help me with that that would be useful Thank you. Are we doing in YouTube? Okay. Thanks. So no popping or distortion going on YouTube Okay, great. Well, that's a step in the right direction. I've been having some problems, which I still have to work on And I don't know if you'd noticed in the stream there were some issues is the audio loud also In YouTube all this has to do with the streaming software Okay And how about YouTube is it got good audio? I mean gain Control and all that jazz. It's loud enough for you guys Okay, great. Thanks Don. Okay, let's get going huh. All right everyone Welcome to the traders lab all I of course, I'm your host Tom B. And I always appreciate you stopping by to visit I stream live Monday through Friday 1130 to one piece. It's the end of time This stream is about integrating book map order flow tools with auction market theory using the volume profile in the Intraday-developing time frame and I use a top-down bottom-up approach top-down meaning intermediate time frame Down into microstructure And this is really a function of thinking in fractals or another way to think of it is a Russian doll The Russian doll is the large doll and going down sequentially to the little one But they're all the same and in trading the behavior of the market is generic in all Time frames and for me. I don't use time because it's it can be it can Strain the way we see the market. I use behavior and then that really becomes something called fractals So we're gonna look at that and we're gonna look at today's activity If you guys are in the stream yesterday if you followed we I did some live narration But there's very little time for that In the limited time I have so I'm going to do is what I typically do and today's the day one of those days where and I had Mentioned and I know I've and not to repeat myself, but that September would have outsized volatility and in range and I believe at least my perspective is the Goal of all traders should be develop a process if you understand process and trading You might have the potential to participate in outsized rotations This is what the concept of a fractal is about because if you understand market mechanics Which is what this stream is about and you have structured trades That you've vetted so you know where your bus or your trade shows up your job then is to Assuming you have a statistical edge and this is the assumption and if you don't have when you're gambling Your the assumption is it with an edge you participate now the variable assuming you have an edge Is that what's the range of the rotations? That is a variable However, they all start out looking the same way So the point of the trader lab is to help you understand the market mechanics again how the market works why it tends to do some of the things it does and then Understanding where your trade shows up and then the outcome is random when we see outsized volatility We also have processes that I share in the trader lab That'll help you manage your trade and all of this the outcome from all of these behaviors is real Result of having a plan. That's what the trader lab is about understanding the business of trading the reality of trading not what our fantasy is because really will never know what This business is until we put our toe in the water and even then and we attempt to participate in the business We may have Unrealistic expectations and not really understand the business side of this what this really is and how it works And it's really a gaming business and it's simple This is the whole thing about trading. It is simple But it is not easy and it's we can understand it if we break it down and keep it simple The simpler we keep it the more we may be able to break it down into conditional Statements without ambiguity and that's what leads to consistency which gives you the ability to measure it and Like everything and if you think about gaming the casinos only play games with statistical edges, and they don't change the game It's a consistent process That's how they can extract their edge and that means the dollars flow from the gamblers over time in a random Distribution of outcomes because it's all random just like we act we interact with the market. It's all random So if we can compare ourselves to another Successful process which is gaming we want to be the house We don't want to be the gambler even though the gamblers take money out the door from the house Over time. It's the house that extracts the dollars from the gamblers in my opinion That's the mindset we need to have and then we need to create the edge General disclosure all book map limited materials information and presentations are for educational purposes only and should not be considered specific investment advisor recommendations risk disclosure trading futures equities and digital currencies involves substantial risk of loss and should not be And it's not suitable for all investors past performance is not necessarily addictive future results and please remember this is not a trade calling room This stream is based on structured trades that are available to everyone in the book map discord trade a little chat And you have to vet these for yourself and the trader lab Exists to help you understand the business of trading and to create a business and potentially have opportunity to have longevity in the business, but it really takes a mind a change of mind of mind set and a change of beliefs and it's very hard to let go of what we believe even if it doesn't work because and from my experience I believed all I had to do is keep working on it and that I'd get there what I found was for me. I kept waking up Doing derivatives of a process that was actually defective But the problem of course is it was random And I would have success at times and my account would go up and then my account would go back down and I give it back And then I might lose go in the hole and I was constantly fighting to bring it back And with adjustments and tweaks and what I was really doing was doing a curve fit process And it didn't matter what tools I was using because I used more tools because I thought It meant more would give me more certainty what it did was the opposite yet I didn't understand and early on when I started there was really no off very few off-floor traders Everybody was on the floor, right? So I was kind of an anomaly and I had nothing If I wanted to learn to trade I bought a book Or I paid a horrendous amount of money to go to a seminar and I can tell you after all of that Except for one Which was market profile and it first became came into the public space back and I think it was 1985 And it was Peter Stottemeyer actually taught it Who created it? I was very fortunate to be able to and it was called market logic school and it cost a horrendous amount That and then I messed that up and I'm telling you this because I thought If I put indicators over market profile, I'd now have the best of both worlds And what I ended up doing was having the worst of both worlds Just a little thing to share. Here's some statistics and let's get into the market So today we opened lower inside of yesterday's range. That means we opened Just above yesterday's low Right and uh, obviously we rejected Yesterday's high and you guys were in the stream yesterday. We had upside targets and we achieved most of those upside targets Yes, we also saw something that was very noteworthy at the high of the day I think 4,000 icebergs were off and I think we might have been talking about that in the stream I can't remember but uh, it was notable because when you get an outsized cluster of icebergs I mean, there's a few possibilities that could be the end of it Or we come back and check them and maybe they are off sides and they you know, that creates a move in the other direction It was no word And this morning we also saw some big iceberg buying at a higher level Now so just something to talk about so here's the stats grab a pen and paper write these down and then we will move along as they say and if I may have some technical issues here I've uh Probably having one better. Yeah, I'm kind of stuck here See if I can do this another All right, I think you guys seen my screen. Okay now. We're all right here Uh, if the uh, do you see book map on here? Yeah, I'm sorry about that. It's like this weekend. I'm going to be doing some, uh electrical Okay, our th open now, you know, we had a big report 730 and the market didn't like it and we started the acapoco cliff dive, um so Let's look at the rth open still having some trouble here with some of these tools Let's try to survive Okay, so this is the rth open. Let me give you these stats. I was mentioning. I'm sorry. I got distracted We're opening lower inside of range. Here's some statistics There's and they're just stats remember they don't know that we had the big run up They don't know everybody on the planet was long and they don't know there's loads of cell stops under us So remember the statistics are just based on where we open relative to yesterday's range So the overnight volume point of control, which is the highest volume in the eth has an 83 probability The overnight mid has an 83 probability the previous close not likely 72 percent And the previous value area low 71 percent There 71 probability Um Let's see what else here. I think we're the overnight low 66 percent The first hour low Which is called the i b low. That's the i b high. So we'll show I'll show you those when we get the overnight low 66 probability Previous low 53 percent they're starting to go down. Okay, uh, and again, you know, market doesn't know Then it just doesn't know context. These are just statistics But what I find is if I'm opening here, what's what do I have? I have the overnight low and I have the value area That are in the range of possibilities. This is how I use statistics And this is something we concentrate on in the trader lab now There's another stat. I want to write you down write have you write down the first half hour High or low There's the 97 probability. We will take that out. So that would be 9 a.m. Central time The initial balance high or low is at after the first hour. So that's 9 30 central time So either the first hour high or low and then at 9 a.m. Central time 97 probability we take out The first 30 minutes. Okay. So those are the stats I have that are relevant for this conversation And there's a couple other pieces. Let me show you a little more like this I hope you This is before the day opens yesterday's low. Remember we have a stat there. We're looking for that This is called the naked volume point of control. This was a retail price last time we were down here and That is from Day before yesterday. That was the retail price Okay, so that's like in a shopping if you think of and trading at least for me Price is it's about retail if the highest volume is somewhere And it's too low the market will go up to find what's too high And if you remember yesterday, we had a target seems like a long time ago and in a galaxy far far away We had a day a target around 57 45 57. Okay, so now we're opening down here That's 20 points. That's pretty big. Don't you think so? That target was one of these but on the other side So this is a target and there's one more down below here This one. This is an intermediate time frame The market tends to come back to high volume and why because when there's a lot of interaction between buyers and sellers It's basically an area of acceptance think of it like when you go to the store, you know There's a lot of retail price or ish, you know, five cents up five cents down There's a lot of volume because it's a fair price when you get to outside edges of a fair price It's either too high or too low And that's what creates our consolidations also if it gets too high It'll come back to retail and the reason is that if buyers won't pay for it the sellers lower the price Get that in your store if they put it on sale. It doesn't stay there indefinitely Because the sellers are going to raise the price back up and you'll be willing to pay it if it comes back to what you perceive Is a price this is what creates rotations now the thing about us in our business is it happens in all time frames So what happens right in here is the same thing that happens in higher time frames This is just retail in a higher time frame now. There's one other location I have and it's a 40 Right in here actually 45 15 Chart uh, yeah, that's my next target down. It's right So are you guys with me? I'm going over the numbers because this is about trading levels This is about attempting underline To stay in alignment with what the participants had said about Inception of pricing and value now. Here's the other piece about what makes the market worth what it is How do they price they take what they know? The participants and they auction okay, what's too high? What's too low in all time frames the other piece is If something becomes too high They have a tendency the participants would come back and try to find what's too low previously. This was too low And down below was too low in the 20 it's too low Then we can either come back if we take it out then we're going to a previous level That's it now. You understand how the market works now how you navigate it topic So rth open is everybody with me by the way if you're in youtube There's about a 10 15 second delay. If you have questions, please post them And of course in discord Trader lab, etc and so much so forth I've been very busy this morning if you can understand so I wasn't quite a There was a lot of opportunity and of course russ. So let's take a look at what we can anticipate now Something that you might want to write guys I hope you take a couple of notes even if you've heard what I do For it's how you might get it to stick in your mind, you know And we can do that optically by seeing it We could do it by hearing it and you can do it by writing it down taking notes It's just different inputs and this is how things stick in your head, you know, because it's multiple inputs So learning or transfer of knowledge of information Taking a couple notes, you don't have to take a lot of notes. Don't write a book You come to trader lab and this is this information is available But to reinforce it what I'm going to be doing. I don't use any indicators and what I'm doing is I'm navigating and narrating I'm trading a language of the And I speak market and it's not indicator based it is participant based So you're that's what you're going to see here, but the statistics are an important part So what do I know? I know the market goes up to go down I think we can prove that today, but what else does the market do it goes down to go up Why is that? Well, everybody is long pretty much If you got short in eth and there were short opportunities in eth you'd be holding if the market opens substantially lower You might buy and cover so we call that responsive buying you would be responding Now what you don't know like everything in life and especially in trading is what's going to happen That's the joy, isn't it? So right here. We see the buyer start and this is the rth open right here This is the rth. I'm sorry eth profile. I won't go much into that But this is the rth. This is going to show us all the volume as it comes in and develops So, uh, and this is going to show us only what's on the chart starting at rth open So this is our how we start Now let's see how it plays in the yellow line here This is called the developing i'm having still having a problem A developing volume point of control This is where our high volume is and this is what high volume looks like and remember shoppers too high too low Here Retail So if you think of how a store works, this is on sale This is too high. This is retail if this price is too low The market can move away and then the volume might shift Or we just see the same thing and these measure micro structures or consolidations. I am having some trouble here Now I'm going to try hopefully I can And we're not going to have big trouble. So let's watch now. We're anticipating buying now for me There's no longs, but let's look at how this behaves. So this is too low This is vpok migration. This is a structured Long in the trader lab. However, what is the context? I don't think you want to join the buyers I think you might want to join the sellers call me crazy. Don't call me, but it's the trend, isn't it? This is another element of trading is not mechanical What it is is you need to know before you ever put a trade on what's happening Is the is this a long On a 20 point gap or whatever it is or Might it be a short? Where's the stops? Let me think. Where are the stops from the longs? From yesterday, they're right under here Do you want to step in front of this? If there's sell stops under here, so the buying is those responders who are taking some profits now We don't know This is the joy how you know it could go anywhere, but here's what I have This is where statistics come in. I have a level called the value area low From yesterday, so I know there's a level here. So Let's look. So this says higher Higher there's my buyer my responder and I have no clue. I'm just looking My Retail price moves up here. What this says this is now retail, but there's another piece of retail Have you ever gone to a store and they have a retail price? And you go i'm not paying that Because it's too high seller Pullback, this is a structured trade in the trader lab. We have alignment Remember horseshoes and hand grenades. I could do anything and this now was too low If I get short here and let me take you into the Still having trouble here. Sorry This is microstructure. So this is high volume. Think of this as a micro consolidation. That's what this is So in this little box right here, you have buyer seller buyer seller buyer seller Inside and you can see the volume there. This is like retail I get my buyer I watch this it It tests I get another buyer. So right now. This is too low My buyer now I get the same behavior here and I get my seller So what is this saying over here? It said too low Over here. It says too high now. I don't know It could just if it breaks That way I have nothing to do it breaks the other way I see the delta I see the seller and this is my volume point of control. So I have retail And this is retail. So think fractal. This is a developing daily timeframe This is the highest volume so far for the day now. We're in eight seconds. So, you know It this yellow line is very sensitive because it starts at zero at rth open So I see this seller notice difference in the behavior buyer I'm having a hard time controlling this mouse here guys. So I'm sorry about that He's biting me Then seller change back and test. Is this really too high? V poc migration. This is a short in the trader lab now This was too low And it's the open so now and I have a statistic down here. This is what I'm going to be looking for So let's see how it behaves So too high I'm going to label it just watch it's a process guys If you've been following the stream and the reason I'm doing this I'm just tracking the change in what the perception of value It's our fair price think retail of the participants. Remember, it's not up to me. It's not even up to you It is up to us though to try to find a way to stay in real time. Here is the volume here So too high. I'm not paying that Seller out of here now here. This shifts down I'm not paying that test. We're out of here We pull back Watch I'm just going to track along. I have no clue. I'm the clue this one And and by the way, it's pretty important in trading to know. We don't know Um, not to think, you know, it's our job Really, we can't know What was that? What did we say? Too high potential short right there in the trader lab See what happens Structure trade guys, by the way the trader lab What I do I Share structure trades that you can reverse engine the thing that is most difficult is to know Should you be getting long here or should you only be taking shorts? What information told us shorts only too high Too high. Well, sorry again, I can't control this thing. What? Too high. There's the test. I'm not paying that I'm leaving that store How about here not How about this volume here? Not I'm not paying that let's go back and check not not paying that seller Let's check. Let's check this structure here. What about this one? Uh, no You're out. I'm out of here. I'll see you later. All these are trader lab structured shorts It's all up to you to vet and understand market mechanics. And that's what the stream is about How does the market work? Why does it do what it does and it's all random? Look where we come back. Let's look Now I don't and I don't remember what happened although. I know is I was not on the long side watch What did we do? Have you do you see something familiar? That was too high. This is a short This is a short. These are all shorts subject to your risk and vetting too high. It's a short What is this break moves down Break, what's that? Uh short Everybody see him. Just want to know if you're with me. By the way, there is a target. I forgot all about that But this is a scale or whatever you're are you guys tracking? Okay, so it's short short short short short now Let's look Now this one let's look here. I'm going to take you now into profile world Let me try to explain now. I'd love to go into real time I don't know if that does this any good, you know, because if you don't understand and this is kind of a dilemma Because I could I could sit here and narrate But if I don't have a structured trade, you're just going to see rotations And I certainly don't encourage anyone just to try to scalp I use what starts out everything every trade I put on Kind of starts out like a scalp because when you put the market when you put a trade on you're in a really small time frame Subject to how you enter the market. So is that a scalp? No, it's a trigger Different and then it's the alignment that what is what this is all about It's not the fact that you get this little thing here, which is actually a selling structure It's in the middle of nowhere See it selling structure test Selling what do you get here? You get this where does it come back to the volume? We could do this all day Now what good does that do you? See it doesn't do you any good because if you can't understand this and what's going on in here Then you don't have a way to interact. You're just gonna Throw yourself under a bus here. This is too high Right should be marking sleep See I'm gonna tell you multitasking I have a rebellious actually it's a track ball and I've been having some trouble And I just have to work that so I apologize if things are working and jerky This is too high. So here's what I know. I come so this shifts down. This is saying too high. Okay, I Also know so if I get short Show you so this is where I would like it Like everything to come and check because it's what it's too high If I come back here, I want to sell and that's just a structured trait, but let me show you another piece You'll notice high volume is here. This is retail, right and we fell out of it We take out yesterday's low. That's another target and don't forget this is the target We come back outside. This is called the low volume node And what it is is an outside edge of what we might think of as a consolidation or a distribution When the market comes outside What it's really saying is This was too high or out of here Now we're in this Range, this is a consolidation the outside edge of consolidations has stops If we pop up into here and take and these are usually it swings It's low volume error. I'm having trouble here Uh We can pop into them and then revert back to the high volume Back around and don't forget that's our target So and what do we have at the mid and the v-wap we always have stops So where do we come so I'm looking at this and I'm looking at the outside edge Now the fact that this is an outside edge tells me to be careful And the the concept here is now we're in a downtrend. Can we all agree? It's going down If we think it's going south of the border then what might we do If we know this is poor a port non auctioned area because we rip through it on the way down It's an outside edge. Which means it's just there's swings here So we can come up into this What it was too high this And we don't know it could this is trading right who knows when I come up now Here's the stop an iceberg detector. I see 100. I see stops coming out. Okay, and I'm looking for this Or somewhere up in here and I couldn't tell you where not my job Which I did so here right. Let's look at this. I'm seeing icebergs Okay, that's lovely And here these are buy stops. We're coming up the green bubbles are delta buy stops become market orders So let's look at what's going on 72 buy stops 16 I'm going higher and I'm seeing Less buy stops now. I use the stop an iceberg detector One of the things I like and it's the only thing I use from retail Sorry from indicator day is divergence because what does divergence tell us I could tell us that we're running out of something So price for going up on stops and of course, I'm sure buyers too But if we're going up on a counter rotation and I'm now into what I perceive to be the area where the stops will be So put the pieces together. I'm under this and I'm looking for to check But two pieces outside edge. So stops and then this was too high So I have a location and overnight load. So we got all kinds of stuff here, right? 16 now, here's all the pieces. So right here I'm looking for a trigger So let's look let's go back. Remember now. How about this? There's my seller But I get my buyer, but that where's my location? I don't have one. You see What about here? Is this too hot? It's too low There's my buyer Okay But where am I? I'm out here. You see there's pieces. It's conditional Here's my volume. There's my buyer looking good. I'm looking for this. I'm thinking this is great. I'm gonna get a short There's my volume. Now. There's my seller. Now. Here's my volume. It's too high now. Oh, no Just do this back to here micro structure shop, right Breaks down you see the difference in behavior. There's my buyer There's my buyer Little buyers little buyers. There's my buyer. Here's my seller change. Here's a pullback. Where was it too high? Here Where does it come here now? This is a problem right here right here. I wanted to push off Shifts down it goes the other way This is now it's still too high, but this might be too low At the moment. So let's watch watch and see if you can see the beat Where do we come back here? Do we tag it? No, this is trading. No precision So if you took a short in here Your job is to get risk neutral when you see this It and we do this it puts all this in jeopardy and it puts this back on the table So this was too high or stop would be here and you would scale You would have a stop above this volume, which was too high. Remember shopping now What is it when this shifts down? We're looking for this Same as what I was showing you here. We're looking for the retracement and the push off Here higher time frame drops down. I'm looking for the push off. I get it the And I think at this point, uh, this trades I'm going to scratch the trade and I'm going to look for it up here That's what's going on Now that's the location Now remember horseshoes and hand grenade now. There's a couple things you could do with this when you see this There's a few possibilities. I'm going to give you them and this is just possibilities. This is where trade playing This was too high There's my buyer not happy There's my Micro structure. It's against this volume. I see my seller. I pull back to this volume It's a potential short Now i'm showing now it's not because of range I'm showing you structured trades in a trade plan So you understand it has to fit things called risk-reward ratio You know all that because this is the mean and this is called mean reversion what it is. It's outside and trade This is the mean This was the mean that was too high so no longer We can come back and check this We might only come back and check this And this is the target for mean reversion for a scale then either it continues or it will come here And reject it and come back here and right is everybody seeing the logic of following And translating market behavior. This is really important. I want to pause and see if you have a question So nobody knows what's going to happen, right? I certainly don't So I gave up many years ago and trying to predict anything I found that for me at least the better thing to do is just try to get stay in alignment and anticipate Uh, we have a saying now in the trade lab. It's kind of recent, but you got to anticipate to participate There's no making it up. It's like if this happens and it's conditional if this Is retail then that If not then what then back here Really having trouble guys. Sorry. So this is too high. So let's look at this So if we know this is too high the trade fails above here, okay? So what I do I would look at this so you know what I do It's not a recommendation. You can put your stop wherever you want The way you figure that out is you got to do metrics You may find that having a stop a point above here is better than having a stop right there. That's up to you Okay, but here's what I know I know if I get taken out of this trade my stop's going to be above here Why it was too high and I know the market can come back and check it and then bounce off it Notice how we bounced off of this one, right? Here Now here's what I see here So I'm assuming and I by the way, I go through this mentally I go out this trade is going to fail You guys do that I go at this thing. I'm Going to take it out. I'm already planning my next trade because it's going to fail however And in the past because I was so smart I would hit the eject button. Where would I get out? Maybe here You know fear of loss or right here It'd be me I'd be buying this high of the swing and then it does this you guys ever done that You know why it happens because you don't know your statistics statistics In a random environment give you the courage to just do Consistent process because that's the only way you can get know what might happen over a large sample size Making it up as you go. It's not a recipe necessarily for success. It's called gambling. Well, right here So I know this was too low. So if I'm short I can actually use this structure here to take another short because I see this And I have to scale here and then I'm still going For targets V epoch migration too high. Let's mark I'm getting very Backball try to get So too high now we have another trader lab Structured trade. This is too high. This is now a retail. I push off This would be my next area Looking for a short because it's too high This now is retail. What that means. It's the highest volume. That's right at yesterday's low. So what might happen? This is now our outside edge. Remember, we were looking for so high volume here too high If I'm trying to get short, I have This and I have this area up in here And then I have this area down here as the other side Then I have this volume down here. So let's just watch the behavior if I pop doesn't get back here And then I get my break This was too high This is retail. Let's look Right here. Now, I don't know, you know, like everybody else. It's clueless. Is everybody trust me? This is too high. I come up here. I don't take this out now if it came up here I'd like it even better because I have more range What happens you come up and and by the way the rotations and the volatility have increased So you have to look at levels or only a level. So normally if that's the right term, this is too high I'd be looking for a pullback here and a short I don't get it though Now if I got short so you understand, I've got to be out here Because this was too high But here's what happens. It comes up here. I'm clueless. I see my seller and I'm going, okay We're going to bounce off of here. You guys ever think that and what do I see see my seller here? So this is too high and now this is too high. It gives me another opportunity for sure And I forgot one thing, but 9 a.m. I said 9 a.m. Nobody's be binding me that the first At 9 a.m. From 8 30 to 9 a.m After 9 a.m. There's a 97 probability. We're going to take this out right here That happens at 9 a.m. So if I'm taking shorts because I play statistics, I'm going this Then I have more and then I have this And this among other things. So let's watch so when I'm taking a short which I mean and I apologize There's a lot on here and this thing has given me time Is I'm looking for shorts get under here right And also at 9 a.m. We have the Was uh uom3 which is a big number So I know that so what might we get in front of a report? Does the word short covering come to mind and then if I come up here Right I and I get my opportunity to get short again Now I have a 97 percent stat here for a short and Once I get it which is here Here then I'm going for this Then I have I think it was 10 or 15 though You guys with me so far now. Let's watch This is too high. So let's watch what happens Oh, wait a minute Too high I pull back 930 the initial balance comes in remember the initial balance Give me the stat I wish I could catch up between everything else that's going There's about a 60 probability past performance not indicative results now the thing about the initial balance is We're going down If it had a 5 probability I'd still be going for it because it's what are the priority of inputs that you base what you're doing How about the condition of the market? That's called context So this is my next target. This has a high probability. So you guys know let me give you this There's a 97 almost a 98 probability will either take out the first hour high or low now individually It's not huge on its own. It's 59 percent. We're going to take this out. But in the overall picture We're going to either take out the first hour high or low 98 probability. So the fact that we're doing the alcapoccal cliff dive over here I'm working a 98 probability That we're going to take this out and Then continue Then I have another target down here, which was let me tell you exactly what was around 15 Then for me so down here and that was it for me That's kind of where I packed up the suitcase Right. Yeah, there we are. So that was it now. I'm done And now I'm with you guys. So but this is where because I have targets Now I apologize for the problems where I'm having here. I'm having a real hard time controlling this thing I just see if I can do anything about it We doing all right guys. I apologize where I'm still having big big big trouble in river city as they say so I will sort it out. I don't have really much control of this now you see Let me see what we can do Let's try to I'm going to try to get into real-time narration now if these are not trade recommendations. I'm going to tell you for me Um Pretty much have hit my targets. This is a key target. This is a key target. And I think it was So this is it. So now what do you do? I'm going to tell you what I do and it's not a recommendation Um, there's a few ways you could look at you could order lunch and you could say I'm done for the day or Here's the or or you know this We have structure trades in the trader lab One of them is out here Remember low volume and here let me and you might as well get a little lesson in an auction market theory You notice when we come out of a consolidation the market rips That's what creates low volume and just see it over here. You can see it on either side of the screen When it riffs like that it has an auctioned So the market has a tendency to come back up into these area And what can happen is and it doesn't have to do This is the joy of trading it can come up In here Pop into this this area And then being revert and come back. Remember if this is the retail price In this there's got to be a better way to do this If this is the retail price here If we come out remember shopping This is the current retail price down at that high volume level If we come out here, we have a structured trade in the trader lab We have two locations here this This is called potentially the iB continuation trade So if we come up in this low volume area and into this then potentially And this is not a trade recommendation because I can't call trades because I can't because I don't want you taking a trade That is only 50 50 If it was better than that then you would know it because you know the stats So but for me, there's no long what there is is shorts in the market and buy stops So i'm looking at the sellers That are in this leg And I know where their stops might be it's going to be up in here for this low volume areas. I have liquidity Sitting in the book. So what I'm going to be looking for is an outside edge And this is called the iB continuation and the market could care less about our structured trades So we're we can look at this and go where is a trigger? Well, this right here guys is not a strong high This is weak right here. This is flat. So there's no excess So now if it goes the the s&p goes to zero and I don't have a structured trade or a trigger It's okay with me. It's not my trade Uh, if you feel you need to impulse like for example, this starts this heads down here and you sell it Your that's fomo. That is not a recipe Uh for longevity. That's what gamblers You need to take your experience We've all done believe me. Whatever you've done. I just had more time to do it than you That's all But you need to learn because in many ways those errors that we make because we're triggered emotionally are basically Um, those are emotional triggers. They have nothing to do with the business of trading. See it's how it's all triggering You know, so you need to really learn about The things that impact you it's fight or flight Fear of loss It's if you're down and you're in the hole you're going to be looking for trades You're in the back of your head, which is not that far away from your consciousness. You want to make it back I don't want to be a loser. I need to be a winner. I want to prove all those things Market could care less about weight Uh, what you need in my opinion is a statistical edge and the discipline to just engage in the market when your edge shows up That's how you stay in this business Anything else you're doing is you're just sitting with the gamblers and we know Retail traders basically are just playing A random game with random inputs and that's what we focus on in the trader lab is understanding The market is random And the process you deploy needs to not be random. Can you can't measure random inputs Because if that's random and the market's random There's nothing but chaos and I cover this in my primer webinar that I suggest everybody Take a watch. It's about an hour. I think so And uh hour 17 minutes It's got over 20 000 views In youtube and it's available to everybody The bookmap discord trader lab chat. It's an overview of this process Understanding market mechanics, but also the business of trading. It's more important. I think Uh, you can learn the trade opinion Uh, but you need to maybe reframe how you see trading Or you experience it because I know when I started uh in the business, uh, I've had no I thought it was Indicators were just coming into the retail space when I started trading it's like Thing uh welds wilder, you know, probably read him and you know rsi and all the great stuff adx d Um and oscillators were just kind of coming in, you know, so all of that. So I thought that's what it was. Oh and uh Not so much But I kept thinking it was multiple time frames right amount of indicators the right tuning all this stuff So I did that I'm sure guys have done it or still do it But what I kept finding was I was actually just curve fitting and I had a random process because there was not a consistent application of all And then to solve that I went to trading system design And I built systems because I thought now I can integrate all these multiple inputs Uh, and then and basically tweak them, you know and uh That basically is another a very fancy way To create more inputs and more Fit, uh, so I kept waking up with trader brownhawk Now this is still a weak high to me and it doesn't matter if it just this consolidation You see how it's going up certainly break and accelerate And it might do that this to me is weak So I have nothing to do sitting one Because I for me So anyway, I found out after unfortunately a lot of brain damage that that process was affected And no matter how hard I tried To overcome The problems with it I didn't understand it was a defective process My effort to make it work had nothing to do with the reality of how the market So that my effort meant nothing because my process was defective. So I found out unfortunately Years uh, that I kept waking up. How many times did you have have you had the aha moment? I've had so many I can't remember and you and you wake up and you see it's trader ground You end up in the same place That's what happened to me so And a slow learner and again, I had no information you guys are fortunate in some way have the internet have youtube You have all kinds of stuff out there now the downside to what you guys have is you've got so many so much input You're going to be running Potentially to all these different ideas and trying them out and mixing them in and you're basically replicating what I did You're just doing it with different inputs different idea different talking heads and all that And uh, that's why the reality of trading is you have to find what resonates with you Now for me, it's no indicators. It's just this I know what this is. I also know This is not strong and I have a structured trade, but it needs to be out here And if it doesn't get here and it just falls out, uh, it's not my trade Because in the past I'd look at this and say now I got to figure out a way that I can be short I mean if it goes down 20 points, you're gonna go, gee, I wish I was short But I wish is I don't take trades that don't fit my Because there's thousands of trades in a Random trading is just gambling. So for me, uh, I I want to leave gambling with somebody else There's enough randomness in the behavior of the market Why would I take a trade here? Even though I can see it might rotate down in the optimum or better location. There's no optimum is up in So maybe we'll get to see what the we're hanging out Do you have any questions while we're too? Uh, I'm getting a question from the uh book map discord trade a lab chat. How do I know it's a weak cut? um You see this down here the rejection That that is and now the pullback and test Of this volume here That is a reversal structure in the trader lab this Here has flat tops Now we can do, you know, obviously it can do anything What makes it weak is there's no excess and test This to me if I look at this it might fit and what I'm seeing here is I mean all I got here is this structure. So there's my test. It's my seller seller seller. I mean we can keep going down Seller but what makes it weak is this high It's just because what what do retail traders do they put their stops here So I anticipate if I want to get short. I don't want to join Other traders How many times and and again, I don't know what it'll do. So it's not about anything more than knowing typical retail trader In fact, uh behavior write this down guys think like a retail trader. Don't act like one If you were short Where would your stop be? Would you be putting it there there there? there maybe Now it doesn't have to come here. This is the beauty of trading who like random But is this a strong structure? Or do you think the market if it can't go down and all these shorts We're still in from this leg, right and remember this is the buying structure here And it doesn't mean get long it does mean get out of dodge if you have a trade plan for it This told me this level Let me show it to you right there. Remember shopping is too low at the moment Oh of the day Oh too low. Here's the volume Try to this thing It's too low. So down down Volume going lower louis too high break high test Buyer, uh-oh, what do we do come back? This is a triggering structure Now if you're picking a low of the day good luck with that. I don't do that. Why I don't know where it is But I do use these For trade management or get out as soon as it doesn't get below this micro structure this volume Right and you could see it right there That is like a store with a price and this is too high. This is too low This is retail in that consolidation right there And if it's too low, then what do we do go the other way now? Where to well, where was it too high? Well out here is where we Fell out of this console. This is a consolidation. What's on the other side of consolidations stops That's what what makes it rip. What's on the other side of this consolidation stops So I know that that's why I don't have a short and that's why this is a weak high So anyway, who right so let's watch this structure and this is when I talk about This what I do Um, this is language. So if I don't use indicators How do I stay close to the market without using backwards looking conflicting indicators? I just look at this. I don't have to do anything more. Now. This is a foreign language. I understand and if you want to be fluent Let's say playing a musical instrument Or speaking a foreign language. It takes intentional practice replays, you know, the whole thing screenshots And also in the trader lab, this is what we do This is why the trader lab exists to help traders who've gone down. We've all done the same thing Nobody here that has the magic eight ball Except me and it doesn't work and the other part of it is we all go do the same things Think about it. Why is the outcome for retail traders? Dismal as far as their ability to sustain themselves in a career in trading It's because they all do the same thing or derivatives of a process If you talk to professional traders I can tell you Most of them are not doing what we do and there's a book Uh by tom hoagland. I think it is it's called the best loser wins This guy was on a a bank desk And basically and I've talked obviously obviously over the years not only have I known many Big traders wants hedge fund operators Floor traders, you know all this Their perspective as far as what retail traders do I think if you kind of looked into it you might decide you don't want to do what everybody else does So it's think like a retail trader don't act like one if we know they're stopped sitting here And it doesn't mean it's ever going to get there Do you want to join them? I can tell you for me if it doesn't come outside and pick these guys off I just have nothing Uh and and here's the other piece it could go and go down to zero not a recommender And if i'm not on it, it's not my trade My trade is out here if it happens and if it doesn't happen doesn't matter See and that might be hard For us because you might be thinking we have a video game Play and that somehow we have an ATM in the basement and it's just going to spit cash out every day Um gamblers will go to the casino walk out with But they don't keep it if they kept coming back to the casino at some point Over time because the statistics they will give some or all of it or whatever back. It's all random We're in the same business guys So if you think like a retail trader you're going to have stops sitting here And if you have your stops here if the market doesn't go down and remember why we had our buyers What did we get here? Volume what did we get here our buyer? What do we have here our seller? What are we doing? We're not making lower lows. Where's our stops? Here, this is why I can't sell this And the reason is and it's not because I know what'll happen I know retail trader behavior and I've paid enough dues Intuition and I've repeated the course so many times Imagine that you had to go back and uh, and you're in a University or whatever and you had to pay tuition How many times have you taken the same class over and paid for it again? Do you think if you're getting the same outcome? That maybe you might want to not repeat class because we pay So in the trader lab, it's about understanding market mechanics Understanding that maybe and I always say maybe this is not a good place to be short understanding Retail trader behavior and understanding why you would not get short here and again the market could go to zero But what is the better opportunity? might it be Squeeze into this Stops are going to be in this area and I say area and I have no clue And this is poorly auctioned. Remember, right? I'm taking you back To what I now this is why I don't do real-time narration guys I'd sit here. It might be, you know waiting For a bottle, you know for wine to ferment, you know, we might be here So, uh, that's why I don't do real-time there I would love to do it But in the trader lab, there's uh, I did do four hour live narrations trend days That shift from directional into rotational like this. This is a trend. We're going down What is the condition in this right now? It's rotational. How do you trade a trend? Well, do you sell this or do you wait for this? And then look for exhaustion for a rotation in alignment Now I have to be conscious that we the lowest day might be I don't know I can't since I don't know I have nothing to do. So let's watch our behavior up here. Now. What else do we know? This is poorly auctioned. So stops VWAP and mid stops. Let me just scrunch this up a little Retail too high. So these are areas all this here are areas for potential Interaction short So let's observe, you know, this is not a trade calling room. This is not a recommendation Everybody takes stops doing this. I've just had more opportunity to take stops than you because I've been doing this for 43 years Oh there Hope you guys are enjoying this get something out of it So this is and this is hard what's hard about this It's called mean reversion and what it is is called outside-end trading And what's thank goodness. I'm not trading with this thing Can you imagine trying to click and move your orders around with with something that does this? I'm trying to get I'm trying to just get over here. It is this part of the I wish I knew what the problem Anyway, I'm having a problem here controlling it. You kind of know what's going on Hold on guys. I'm going to try something else here. I can't take it anymore I'm going to switch a couple things around. Hopefully things don't get let me just see if I can do Um, let's just try to watch this. Okay, again, I'm a pile. I apologize for the technical difficulty I had problems with my audio which I think I fixed and of course something else goes out in the left field This is life in the fast line. So this is an area now. Uh, and again The reason now I already explained why So but the market doesn't care Here's what I know I know this was Targeting coming down I know I have this down here. I know the low was too low because I have a buying structure and of course We don't know anything until we know in hindsight But that was a buying trigger off the low of the day Which at least might get you man if you're using it as a trade management process Okay, out in here is where the trade might show up and we have to be conscious of v-wap mid and v-box So this is all possible I have liquidity here And it's an alignment and so let's just observe the So 133 stops. I have sell icebergs going off. I have liquidity sitting in the book to 51 Uh location location location and again location. So I'm stalking potentially structured trade And uh, I don't know anything I'm not going to call the trade. I'm just going to let you walk Think I've given you enough information and I don't want anybody to give Because remember the outcome of any trade is random Now Let's just watch Now here's a few ways to think about it can still Do anything. So here's buy stops selling icebergs Micro structure seller This high volume right here Uh, something to what do you guys think? Can you can you see it? So let's look over here This was too low The scale has to be ahead of this I the buyers came for it. This is microstructure. So let's go back over You know, so this was too low. This was too low higher Now this right it could have been this looks like the trigger doesn't it? But it doesn't have location this out here. Remember This is the actual structured trade and the market never has to get there So this is really a matter of trade plan. Now. Here's what I know. I know this is too low If I get short I have to scale And I use these little structures now. It's fractal. So if I'm taking the short Here's my mic. Here's here's the way that I think about this There's my seller. So seller seller This is too high right there See it that's your test Then you put your helmet on and down here was too low. Let's just see what it Now What you'll might find and this is now the thing about that I'm showing you It works in all fractals and timeframes. These are called fractals So this little microstructure I understand what it says. See this is where language comes from. What is it saying? And here's the other piece most important part. What's the trend? Down and what is this called when we come outside? It is a plan inside a plan So for me, there's no long Now I'm not saying you couldn't take a long but I'm going to suggest at least no I'm not going to suggest anything Right for me. I think I want to be short Because I think anybody so who's the buyers Do do we really want to be long or do we want to use counter rotations? Which are really shorts being squeezed at the moment and look at locations Which is outside to get short and that context is called mean reversion. That's outside and trading So this is context in context So that was your short and you could see how it worked, right? I I don't call trades because I don't really want you guys to hurt yourselves I do want you guys and the reason the trader lab exists is for you to understand market mechanics And there's no right way to trade, but we certainly know there's a lot of ways that don't work I we can all talk about that. I think we could spend a couple years talking about all the things we've done I know I can But I also now can read language and translate this is too high This is retail there's my seller Now Here's my test. This is a short now. I can sell it, you know I'm a little more skilled at this so I can sell it by the way. Where was my scale? Let's If I can move this thing it was right here So if I get short here, I'm gonna get risk neutral. So it's about two point And then I'm gonna hold And where's my next area where it was too low? Well, don't forget it was here Then it's here Right ahead of that high volume. I think This is another area. So I have to scale here And then it's either gonna continue low whatever it's gonna do now. It's just random I have no clue. See my job is I can't know What I know is what has happened at these locations. So if I put a trade on Now this is called v poc migration. This is the retail price now two possibilities we push off Or we if we get above it then we can rotate back up hard for me to This is now too high in a market because it's a level we can return to check remember And And it's above the mid in the So in theory if we got through the mid in the up we can back there I know this now. I don't know if it ever will not my job to know I can't So now we want to see what happens here now. Remember the structured trade Now there's two trades at work here outside in mean which is Which is the short I was just sharing with not a trade recommend Then there's out here And back to here so no matter what happens This is going to be a target unless of course we just blow through the mid v up and because this here's the locations Out here out here out here out here. It's a big range But mostly it's out in here So what I'm hoping if I'm short first of all if I if it comes out over here, I'm going to scratch the trade That's the first thing. That's why the scale is to get me risk neutral And if it takes me out, I'm okay with that. I have to be because I have no So I know this was too high But this is saying maybe this is too low and we're going to again Rotate out mean reversion is coming back to high volume and time frames and fractals. So the high volume I cross structure There's your So I have to get scaled Now if it holds this We continue if it takes it out All I'm going to do is reposition As long because the context is down now. Have we put the low of the day in I have no idea now I have hit all my targets So and as I mentioned to you, I would be fine being done today But What's my next potential trade? It's out in out this outside edge somewhere can't move trackball So It's out here Now if this one doesn't work, it's just one Let's watch That'd be a better way to do this with this trackball. I'm getting Frisky Let's see if I can see I was trying to fix something here apology How are we doing? Am I still with you? Can I get a check our sound screen check in youtube and everywhere else Am I doing in youtube? Am I still live here? Okay, great. Thanks Joe. All right. Thanks. Oh, that's reassuring at least the plane hasn't crashed yet Thanks All right, so we're back theoretically I I've made some switching here Um, it seems like it's better. I've got more control So out here if we take this out Which we can because there's stops here We can come further out in mean reversion the hard part with that now This is the area that's an issue here because we're above this so it means we can squeeze further So I anticipate this is going to go. Okay, and I'm okay with that because the trade actually Is remember this is an area In the hard part with mean reversion, which is what this is. It's a structure is the trade can be ear ear So we have here's a couple structure trade just because I'm going to run out of time here in here here And this is called vwap Or mid to vpok if this is sitting here another trader lab structure trade is going to be up here Back to here you're in the trader lab and there's 60 pdf So you can download you can look at these ideas and think about them and then one by one meticulously reverse engineered them and make them your I share all this stuff with you because when I started trading there was no information so You could probably cut a lot of time Off your development If you're willing to put the work in and in the trader lab It's a basically it's a community of like-minded traders looking to leverage their collective experience at debber Not be stopped out of this trade. See there's no way to know now. Here's high volume. You see it here that's created by this and This see the test. So if you took this short, I think you're asking me. Why would I get out? Well, I wouldn't get out there, but I could take it out or no So this was our short We had our scale risk neutral Stop goes above here or wherever, you know And you have to be willing to say I don't know because that's what I say And I use the term clueless Uh, because I truly am If you except we're in a random environment and maybe and it's like a coin toss just like the casinos It's a coin toss for them except they have an edge So any one trade is 50 50, but over a large sample size You have an edge assuming you understand how to How to extract an edge and then have actually the disciplined trade shows up like this and Take stops like the rest of us or get scales and get scratched like some of us And and have the discipline not to bail out right here. Have any of you done that? Yeah And now what Too high. There's my seller. So This was our short seller test scale Stop real time Come back. Who knows? seller Too high south of the board That's I guess still time there and remember who Are you guys tracking you get something out of this today? There is no longs in a downtrend I mean if somebody wants to get long do you think somebody would be happy to sell you their contract? Do you think you're if there's a long what it is is a counter rotation If we are trading in a trending market, which is I think we'll agree going down and No, sorry Maybe the low of the day isn't it's not my it doesn't matter. It's not my job I won't know the low of the day until the end of it um So what I want to do is if I get see the context of the market is now rotational in this area That's what this is Everybody did the alcapoco cliff dive structurally we're below this level which is a key level in a higher or intermediate time frame I'm below this level If I now I can come out of that remember these are just areas This is my outside edge And if you watch my webinar, it's a I have webinars in there, uh trend You know trading a trending market that kind of stuff four hours long. You're going to see the same What I do is very consistent The market is random. I need to be consistent. So in this configuration when I see a long It's not a long It is telling me counter rotation and I use that information to either cover my short, which is what this is And to look for the rotation outside To get short for the continuation down back towards retail And maybe out here and maybe a new low. I don't know So right here if I can stay below this I can push off We'll see if it does that if I come back up here Now they're going to get squeezed because it's two sided trading, but no there's no longs And somebody else, you know might get long and market goes and it's all great But I can't pick a bottom and I certainly I'm not going to do I'm not going to get long and I have to say it's not a trade recommendation Getting along down down here might be the ultimate Trade, but if you want to be in the business of trading, it's about getting aligned It's not about trying to pick a bottom or a top. I don't know where that's going to be I do know I will know in hindsight. So along the way I have to follow where the Where the energy is and everybody who is long got splattered We might be done with that. I don't know so from my for me outside in This is the mean if I come outside I'm trading back towards this if I come out here I'm trading back towards this if I come out here. I'm trading back towards this The further it comes out unless it blows through all of this stuff Um And we could come back and check yesterday's low, you know, we could do anything to trade. So for me the further it comes out This is my target that's called mean reverse. So when this happened here and here These are shorts, but I only have this range now the next trade not a recommendation if it pulls back here And this is in the trader lab. It's there's a possibility. This is all it's going to do and we push off If we push through then these guys this volume Which is right there is on the hook if I break below this and I can't get back Then we're going to accelerate down. That's another potential opportunity to observe. So let's see what it Not a recommendation why this microstructure this might be too low So in a fractal, that's what created this in the fractal This is too high that created that In the daily time frame this yellow line is the highest volume for the day. This is now retail So in the going down and thinking like a russian doll Little doll Too high. There's my seller Little doll too low There's my buyer bigger doll developing time frame retail Trader lab short or not Not a trade recommendation. Can you see the behavior? And this is what fractals are so for me I'm just reading Participant behavior. I can activate here. I can get short here I can get scaled there and of course take a full stop here with all of you I do all the time It's not my most pleasant experience, but you know what it's overhead and cost of production When somebody walks out of the casino with a suitcase of cash all at a hundred thousand All the casino does is go oh overhead cost of production by the way, did you enjoy the cocktails and here's a ticket to the buffet Overhead and cost of production. That's what trading is I hope you're getting something out of this. Hope you're getting finding this useful This is the trader lab guys. And by the way, if you're interested in what we do in the trader lab um I invite all of you to visit the book map discord trader lab chat if you're in youtube There's a link down below. You don't have to be a book map subscriber. You'll never be solicited I'm not a vendor There's no trading course But the trader lab is a community of like-minded traders with all kinds of experience and any different approaches We come together to leverage our collective experience to do better We've all done the same things you've done and you know trading is a very isolated experience You might be surprised how many traders are are doing or have done what you are currently doing I will tell you that I don't do what most traders do And the only reason is I've tried the other stuff and not so much if you know what I'm saying There's 60 pdf's you can download if you're interested in looking at these structured trades And reverse engineer and if I get asked a lot of times, what's the right way to trade? And the answer is kind of simple really it's the way that you can become consistent and derive statistics Only trade the trades that you have shown and demonstrate that have a statistical edge This is the kind of stuff and I threw these together not intentionally for the trader lab the trader lab didn't exist I did these a lot like 2021 2020 you know and it was just stuff I posted And a lot of traders you know because I was just putting it in the chat you should try typing this stuff and then Can you show me a picture and I saw here And plus I worked with the developers of book map early on still do as far as ideas I had and they created some custom stuff for me That I you know to measure order flow and other elements that I was interested in so there's some of that going on in here, too So there's a bunch of stuff and you guys are welcome to these But this is not mechanical the thing that is so difficult for us as traders I think is to think that it's a red light green light thing and we try to get that Out of our indicators this crosses this you do Well for me that never worked and I proved that to myself with trading systems because you're truly really in a system You're really trying to create the same thing, you know and unfortunately For me I just kept waking up in the same place with curve fit So it's our nature to look for certainty and we our nature is to load more on top Of things to it with the idea since we're risk adverse Remember we're wired to run from the saber-tooth tiger and our mind doesn't know that we're intentionally stepping in front of risk Just does the same thing. So That's why I I decided then book map asked me if I would mind doing the trader lab Uh, and I said, yeah, sure because I wish somebody had talked to me when I started trading And nobody did because there was nobody to talk to Now you guys kind of have a different problem. You have so much information Uh, you know the one indicator is all you need this makes over a blah blah percent return It's all nonsense because it's not real. It's fantasy Uh, it's one way to get a lot of hits on your youtube channel or your whatever, you know what i'm talking so, um That's not the real world guys The trader lab is built on A community of traders just like you and there's not a right way to trade The answer always is the same Can you measure it is a consistent If you and you need a process in my opinion, that's conditional the trend is down What is the behavior the market gets directional and then it gets rotational inside of a directional context? It's called mean reversion and the shorts that I shared with you which are not trade recommendations Are an example of how you might develop an understanding of how the market works and then that Structured trades are setups as you call and understand where it has an edge There are times the same trade that I showed you is not appropriate Can you tell the difference? That's what a market understanding is about It's about trying underline to get into alignment and then it's random That's what trading is and then it's a business If you're interested in the business of trading I invite you to come to book map discord trade a lab chat and there's a lot of additional free education order flow With a high tier tool like book map, which really allows you to see inside Structure and market behavior, you know order flow stops sweeps iceberg behavior absorption and there's much more algorithm Also, uh in the trader lab. There's all that. Uh, there's a library of webinars You can watch with a lot of real-time narration up to four hours As opposed to this where I'm I'm really limited Because there's a lot of other streamers and a lot of other good input and book map offers education stocks options futures market maker behavior swing trading crypto horse order flow Algorithmic behavior much more and you're all welcome to visit the book map discord Chat and also the trader lab Download the pdfs watch the webinars and loads of additional education even trading contests There's one starting now where you can win Imagine this a lifetime subscription to global plus And two thousand dollars first place second place. I think it's a lifetime subscription to global plus Pretty good. If you ask me so if you're interested in that and you want to kind of stretch your stuff Visit the book map Dot com and check it out. Thanks for visiting a trader lab. If you're in youtube, how about a thumb up? I really appreciate it um I hope you find some value in what we do here in the trader lab It might not be what you're used to seeing out on the you know On the web and youtubers and all those guys What I do is really simple We all think the answer lies in the complexity In my opinion, it's just based on my experience, which you can see it's 43 years It lies in the simplicity because you can't Replicate complexity if you have variable inputs It's difficult enough to manage your emotions If you can use a conditional process that's simple You can be consistent That means you can measure it and the statistics are ultimately would give you the confidence To control your emotional state if you're operating Without a edge, which is what the casinos don't do and that's why they're profitable is they only play games with an edge Are trades or structured trades or quote setups are games Approach it like a casino be the house Don't be the gambler. It's up to you to choose really which side of the table you want to sit on Thanks for visiting the trader lab guys. I will be active later in the trader lab like I do with audio inputs and ongoing Narration if the time allows. Thanks again. Have a great day thumb up in youtube and subscribe to the channel if you find Education like this