 Okay, good morning traders and welcome to the book map live trading webinar today with Jay trader stocks trader We do this every Wednesday At 10 a.m. I'll go over The markets in general and then we are gonna hand it over to Jay trader. He comes in a little bit later At markets in general latest he'll be over around 10 20 But he usually comes in between 10 10 and 10 15 basically As soon as he comes in we turn it over to him It'll be live stocks trading and learn Jay traders way of reading stocks and and trading his setups his strategies, etc and He does offer mentorship and educational services so you can reach out to him I'll put this into the chat for you And then I got to go through the disclosures and then we're going to jump right into the s&p e-mini And then wait for Jay trader Okay general disclosure all book map limited materials information and presentations are for educational purposes only And should not be considered specific investment advice nor recommendations live trading is in simulation Demo paper trading mode and strictly for educational purposes Live trading executed in simulation cannot accurately represent realistic trading performance Risk disclosure trading futures equities and digital currencies Involves the substantial risk of loss and is not suitable for all investors An investor could potentially lose all or more than the initial investment Risk capital is money that can be lost without jeopardizing one's financial security nor lifestyle only risk capital Should be used for trading and only those with sufficient risk capital should consider trading Past performance is not necessarily indicative of future results. All right. Let's jump right in. Let's take a look at that s&p e-mini See what's happening in here. We can look at some stocks and crypto if you guys want as well Most people want to look at the s&p Boy, it's been, you know, kind of all over the place this morning. You can see We have the pre market here sellers do come in Just after 7 30 east coast time trade into and through liquidity here Start to bottom out down here around this area of high liquidity around 43 82 9 30 cash open initial drive upwards Into high liquidity here. It was in a little bit at pre market But definitely at the cash open you can see this 44 10 level and also 15 and also 20 up here made it to 10 and we're getting the pullback already All right, so we can also, you know, or immediately see some structure here All right, and we want to be very attentive of this structure Here is the kind of pre market structure And the break of it of it earlier and then acceptance down below and you can see then it came back up into this area here and now it's Kind of broke back down into here, but we can we kind of see a little swing right here around 33 95 and there's buyers accepting above it All right, so we we haven't traded through this 95 level want to keep an eye on this level here All right, so you can see the Buyers come come storm in and already a nice little move out of it Right back up into where it broke down from here. Maybe you can get up a little bit higher. Maybe around 06 And see if we can maybe knock some stops out up here But this is where it truly dropped from Is up here around 07 All right, so we can see Buyers are are are shooting for it up into this area here. See if they can get up into there All right, so Anyway, that's what we currently see here. Yeah, what a roller coaster agreed And We Want to step back look at the bigger picture here And this is yesterday Or look at the higher time frame candlestick charts here We have our daily on the left hourly in the middle and 15 minute here on the right So the daily chart yesterday this candle here In particular You know, we were looking for we had our On monday, we had our momentum day down. We were looking for that continuation Around this 44 14 or 13 level. We talked about it before the market or before the webinar started And then we're looking for a rebound or retest back up into these levels yesterday We got that as well. Look at that huge wick up here Okay, so market came back and retested all the way back up to our other level that we drew up right here Now we're not making these up in hindsight. We drew these in earlier This just verifies market structure Okay, understanding market structure is critical Okay, it might be volume profile you're looking at that's fine. That's great You can use a simple candlestick chart. You don't need to have fancy profiles, etc So you can see the swing here. You can kind of understand You know, there's not a whole lot of volume In between those areas. So, you know, look for retest back up into these areas here Look at the wicks where there's rejection in certain areas and where market accepted Etc. And this is the daily chart I'm getting quite a bit out of the daily chart here. So what happened yesterday? Well, you know, we we had the retest almost retraced almost all the way back up here And it, you know, it didn't get up to like 87 or and we were looking at those levels too You know around 45 92 we're looking at and and 06 or something like that And we can see what happened huge rejection yesterday. That's not good And we closed down lower here. We made a lower low So this is Pretty pretty bearish here yesterday's action A huge rejection Today you can see that, you know, it's kind of all over the place on the daily here kind of test it up It's kind of tested down And it's right in the middle there right now. So let's take a look over at the hourly here And Boy, I need to squint my eyes a little bit here. Let's look at one week Okay That makes sense as well Retesting some of these areas here some rejection down here with the wick all right Some rejection here though as well from the from the You know, these buyers rejected here So not not too much to look at actually Considered the You know, what are we looking for? Okay in the order flow our levels here 4410 and the swing down here Also, maybe the low here. So 43 83 and then the swing down here around 43 60 or 76 15 minute chart. What are we getting from that? More or less the same thing we can zoom in a little bit further Uh and look at nice big candle here. That's our 930 open Let's see if they can retest down the lows here. So we we said 43 83 Well, yeah, let's see if we can get back down to 43 87 first and looks like, uh, yeah You know, we've got some wicks some rejection up here And we're kind of back down into a little range here. Okay. We're we're back down below 43 97 So maybe we can bounce off of that and then come back down and test into 86 And then maybe down into 76 or so. All right So a few things to look at. Let's see what's happening here. Okay now Book map now we look at book map. We can see that they're driving through our 95 area We we thought that was pretty critical due to market structure. Let's read the order flow All right, so right now Sellers come in sideways consolidation. We see more sellers here looking for continuation on the sell side More sellers again. Let's hit into 90 And let's get down to that swing. We talked about 87 86 down here All right, so a lot of liquidity in front 43 90 83, uh, and then they're down here around that 87 level Okay, so Yeah, looking to see if we can accept below this 95 A primary scenario. That's what we're looking for Uh, the secondary scenario Uh, if buyers come back up tap 95 and can break through it. We'd be looking for a retest probably Back up to this liquidity here around 97, but Maybe they can get a little higher here 98 or 99 maybe maybe even, you know Point of control and vwap up here At the at the big figure you got a lot of stuff going on up here as well Just like yesterday we looked at this we have the poc vwap and the big figure here 4400 Okay, so we'll see we'll see if we if these kind of mean reversion we talked about mean reversion yesterday these mean reversion traders and how they, um Uh Once they find their opportunity they are relentless, uh, and they just keep keep trading and getting back to into, um, you know areas of of, um, where there's kind of average Overall average of volume or, uh, you know most traded levels or, uh, You know a weighted average here like vwap, uh, etc. All right, so Yeah, here they go. They're gonna go for it here or is this going to be a false breakout above our 95 level here Not not really getting much out of it at the moment here Okay, let's see Maybe we get enough buyers here. Yeah, they're gonna they're looks like they're gonna try to reach reach higher back up into into, uh 99 here, so we're back up above it. We're down below it. We're back up above it, but still, uh, you know We're looking at here in some of these levels here is, uh Kind of scaling out in different time frames and who's in control in each time frame So on this smaller time frame here, uh, who's in control? Uh, good morning, uh, joseph. Okay, so he's in we're all set to go. Um All right scratch my my my question there. Let's just jump right in here with joseph. Sorry about that joseph. I just Just saw you in here. Um, so let's turn it over Are you in here joseph? Cannot hear you Oh, he's had two minutes. Geez Yeah, that was two minutes ago though, huh? Or three minutes ago Uh, anyway, all right. Well, we can continue on here and wait wait for joseph. Um, uh, the, um Not getting much of a read out of this guys really. I mean, uh, yeah, you know Very, uh small time frame here buyers trying to control above our 95 level here Okay, but the where the sellers the sellers on this, um on this time frame here, they are in control about from 4401 on down you can see the selling come in and especially here at 99 So they are in control In this smaller, uh, move in here, right? So, uh, uh, you know, these are that's why we look for it These are just kind of retracement back up into these areas here Hey, are we going to accept are we going to reject? You can see this 95 level like they're just banging around within it here If we get a little bit more down here 94 on that sell side, I think we can break it Let's see if we get that scenario here Uh, and then we're going to look at the order book in here It's not happening buyers are coming in. They're going to go for it one more time here All right, so we're looking for buyers to try to trade and test up to here There's liquidity up here already at 99 So yeah, here they come Boy, it's already already unfolding here. It's not much of a points move From 96 and a half on up to 90 99 and a half here But it is a you know back back into point of control VWAP And and our smaller time frame here and that's to me to be honest This is the most important one right here this level Yeah, you know that we have our higher time frame levels here But this is the most important or even even even up here now this kind of coincides with uh, There's there's the move Okay, so now our our sellers still in control. Yes Okay, but that's a lot of buying coming in and they're going to try to disrupt this here And we need to see if they can accept above it though and trade on through it And they're doing it Okay So uh more momentum here. All right, the then want a strong buying. All right We're looking for 10 now Next level here Lots of stops triggered on the way up here Okay, a bit of a pullback Okay, next level looking for 08 and looking for 10 And let's kind of look at a diagonal in here Interesting High liquidity in here it transacted it looks like let's double check that Yeah No, uh Yeah, some buyers traded into it sellers pounding through though This is I mean you can see this. You know, it's kind of a again a battle battle area here Okay sellers made it through though on some size Uh guys, I um wanted to mention guys and girls. Um, I wanted to mention So at market close today, uh, we have a special event Okay, we have the uh, we're gonna have a trivia session Good morning everybody Good morning joseph. How are you? Very good bruce. How you doing doing well doing well. So, um, uh, just uh, was just mentioning uh, uh to everybody We're having a uh, uh an event special event At market close today 4 30 p.m. It's going to be in the discord events room You guys look for it. There will be a prize. Uh, so, um, uh, you know Uh And it's going to be only in discord. So you youtubers out there Uh, you're gonna have to charge into our our discord area Um our discord room the special events area now it's first come first serve the this only room for 100 people Uh, and uh, uh, that's it. So, um, uh, to to uh to win the prize in there, um, or You know, if you want to be part of it, uh, you'll need to uh, uh, you know Line up and and uh, uh, charge into the room and and uh, kind of grab your uh, your seat All right, so I just want to mention that Uh, and uh, let joseph let you take it away here. Uh, so are you presenting your screen joseph? Uh, yes, okay. Well done everybody. All right. Let me take a look There it is Looks good. All right. Let me present it as well out Okay. All right. I think we're all good to go Okay, so good morning traders uh morning, uh, the last three days small caps were on fire big caps, uh, we had some swing positions but, uh, the main patterns for big caps were Ranging, uh, for it, uh, the morning was tesla apple nvidia above. I was looking at these papal was looking at our name So i'm gonna go over those, uh, once we finish to represent over here small caps because i'm still trading Three small caps for the morning So I showed a crtd Uh, getting over here, uh early the 140 I was uh using this a heat map that you can see over here And then we drop and then we came up. So I stopped And then I saw this big extension over here 160. Uh, this company is a small cap company crtd has a history of fader so by stats I was looking at this we have We have a I have also been here work is my my place. So sorry if you hear some banging Uh, we have over here, uh close read the five times out of six gaps And uh, every day high day of time is 938 average extension 22 percent The other thing is Once I see a stock like this I go check the dilution you can do, you know, like on Just look in the filings of the secs a little bit like slower Sometimes you didn't have that uh much time So you're gonna go over here and float and uh on the dilution track and look at the float would be correct And then you go over here to see the cash position 0.6 months. So they have no cash So over here traders, we have wardens uh 175 2.9 million Unfortunately for them, we couldn't go to 175. We have 164 And once I saw this extension over here, I was looking over here at this, uh, heatmob would come up We had a lot of uh Selling pressure. So I started to load the boat over here Um, I explained my trade also to My my members and now we're simply holding with the first target on here 120 then one down here Uh, this i'm still holding HNRG is another one. So I posted this uh also be there. You can see no news pump short into trend break This is energy stock. Uh, we have a small cap Uh, we have, uh We have no news that's very important. So whenever something is going up with no news what it means it will come down So for me was the Just about the timing, you know for forget for shorting this And I saw over here this, uh, big heat map went away. We had another one was looking at the 490 Start over here seeing like a little bit more Uh sellers you can see over here Uh, we can put even uh volume dots one seconds to check Just put them over here a smart this Okay So I started seeing over here some buyers, but then we couldn't push buyers We couldn't push and we had sellers buyers couldn't push with sellers So I showed over here, uh, average. Let me see Uh We have oh because I added so let me So I showed it between 484 and 480 I showed it from here Up till here my risk was 490 first was five Once it was in the money. I was risking 490 once it was this Uh for 50 it was a risk and break even So I see more sellers joining And I was pretty happy about this trade because uh, you could have loaded There's pretty good liquidity um And uh And on this pop at least So we started to come down And now I'm holding this is my first target now now I'm waiting for the fort. So pretty good trade uh up uh something like 50 cents on this one Uh Then we had more of these And I'm still holding some Joseph. Can you maybe go over what you kind of saw in book map there like uh heat map? um And yeah, basically I saw these heat maps over here Uh coming one two three. So a wall of sellers into almost a five dollar resistance And I was looking at the daily levels on this one and I have seen this uh Support over here into this 486 490 Now this is not a very uh high volume support. So not a lot of volume was traded over here But the point is we had uh Three times the price bouncing So when I was uh trading this today I was simply looking at that level. I was seeing over here a huge amount of stuffing and you can see these spikes so, uh trend break Good to go first target possibly another short. I even added over here. That's the reason why my average is lower is around 473 I added over here and I core partial waiting this one down here. Um, excellent. Um, uh, so I mean, um Just just a quick recap on this like I mean, this is such a great trade. Um, and it's such a good example Uh, your higher time frame level Is is in alignment there. Um, you also, uh, looked at the fundamentals And then now you're looking at book map. You're looking at the heat map. You're seeing like lots of stuffing up there You're seeing wicks. Uh, the heat map really starts to ramp up there. That gives you a little bit of um, uh, you know foresight there, uh, no no doubt about it like, uh, Uh, it that came in before the move came in, uh, and then uh, and then you see the the follow through Uh, to the downside I'm wondering do you ever look at the because the the stuffing that you're talking about although we don't have stops and icebergs on stocks? Uh, do you look at maybe the sweeps indicator that can kind of mimic a lot of the stops behavior in some of those areas? Yeah, but let's say I can recognize them even without the sweep indicator. So for a beginner that I think is good Uh, for what I do, I can spot them very good traders, uh Like just looking at the the price action or the flow So, uh, I can see that's pretty pretty fine I especially imagine you will see them on this over here because They simply swipe out all the bid and this was a big dump Or who joined over here this morning or who bought over here at the top Okay bctx another one bctx was uh I shorted basically this morning early so I had a a little bit of fomo and I lost a little bit more than one hour But then I took uh 15 hour so, uh The point over here bctx yes the point over here is uh This is a stock with no history And uh, you can see over here trader. This is basically nothing, right? We had the daily resistance here around uh, 1250. I was looking this this point over here 1250 Then this morning we started to run Uh, pretty good volume. You can see over here for 12 dollar stock We had uh 100 150k so we are going making higher lows higher lows And I shorted the first over here into the 12 15 Just just over here Why because I was looking at this uh, big stuff, right? You can see over here We're going to the major level of liquidity. We come back down I shorter so the dip so I was looking for a bounce and I got distracted So my risk, uh, generally would be 1220 or 1238 And I simply was distracted by doing analysis pre market plan whatever writing and whom I got stopped at 1250 By the time I saw it was 1250 and then I said, okay, let me stop it. Basically stop the top tick And then when I saw this I rejoin short Uh, just uh into this area into the 1215 1210 Uh, which is over here after this trend line break I simply held held held held held held held held and I'm still holding I cover half Uh, during over here the first weakness into this, uh, 1080 And then I love the simply dump over here. So holding partial for the nine. Okay, so bctx Uh, perfect tp9 This was a huge one Uh, because we start over here early get stopped Reenter had a pretty good like read Um, I was looking at all these, uh, I call them stir step dump pattern. Okay And you can see over here the first top lower high again a lower high And it's simply dumping over here. The tape was even pretty pretty heavy already in pre market Uh, so let me see if I can show you what I saw For marker, we have this big heat map over here around 1150 And then it's over here at the open Uh, they were trying to push it. You see, uh, above the VWAP And uh, we started having like the slow holding to 9 11 It was basically over on the 11 that we had this flush You can see over here. This was the pop Thill 11, which is this field over here And then we always been below 11 each time was popping with sellers on Sellers over here sellers over here sellers over here They tried to pop up a little bit over here 1015, which is this level down here And you can see again a support somebody wants to get filled boom drop And again a little bit more Probably over here another small seller boom drop And now somebody's trying to do all this again I mean, it's simply dumping strong from 12 15s Now it's nine bucks. So three bucks per share fail. Okay We're not even taking I don't know a trade on on invader or apple. This is three bucks fade on a $12 stock Once you make this is like, I don't know if if tesla goes from 1200 to 850 something like that All right, so you can do a lot a lot of money basically build your account on a trade like this uh Ah, I traded also gvn Because I said we had the no small cap no big caps All these trades that I'm telling about I I shared in In live room calling and learning them So over here. I showed at this average 11 55 and we're talking about a stock that is Small cap again all right So yes average around 11 50 55 So this is what I was looking at. Let's check first the daily So this is my daily chart very simple It started to put all the levels over here of support resistance that we had in the past But of course it will focus on the ones that are Near the actual price action So I was looking at this Low and this high over here around 11 60 And then over here, we tried a ton of volume. So I'm going to put also this over here Uh, we tried over here a small amount of volume, but still a decent one And then over here. So a lot of levels of resistance. Okay. We don't have only one. We have more than one Uh, once we start pushing let's put a one minute chart Once we start pushing I saw this price going exactly just beyond over here the 12 And uh, I didn't see any more volume Uh, you just see over here the volume was super liquid I saw over here. They were trying to push this again at 12 Which is this level over here They started to fail. This is where I shorted So I started to look for a trend break Very easy stuff. You can see on book map. We have it over here, right And then once it faded Uh, let me see if I re-edit, but I don't believe No, I added I didn't add I was seeing these big sellers over here Relatively big sellers. Okay. This is the biggest that I saw 20 000 You have to be always careful because uh When you see a big seller doesn't mean that he's really real sometimes somebody can can spoof or whatever But a point is that they were guiding this down. So until they were guiding this down one two three four five I really don't care. Okay and this was uh A nice one I covered the majority of my position over here in 9 50s 9 40 That was a target was calling from up here. So up here 11 50 was already calling 9 40s main target And we simply we simply got it. We simply got it Uh, now we have a bounce low volume probably not looking to trade us anymore for the day And uh, we'll see if we're going to have other pops So it's an rg So we have a push with very low volume into the Heat map So it's very liquid right now again, my position is uh Is with 472 average Because I added I really took a big chunk out around the 440s Joseph a question for you. Um, and I gotta get back to the questions here as well, but Um, I'm just wondering like I'm you know with your experience Uh over all these years and knowing your setup so well Uh, do you find that you know a lot of days like I know you're educating and helping others etc. So, um, You know, you're you're a busy man. Um, I imagine though that you know many days you you look at the markets you look at, um, some of the Stocks that it might be setting up and and and they meet maybe your your specifications for the setup However, you know that they're not really high quality and then there's other days like today and and you know, you just you see them You know it so well, and you're just like, okay. I'm you know gonna trade hard here Is that kind of how do you look at it? Or do you find it that way? Um, and if so, do you manage your trades differently? Absolutely, I agree with what you say because Not every day you will have uh a plus setups for example today Up till now I had no setups on the big caps Uh, therefore there's no purpose for me to go to trade him and You know just jumping something because I have to jump meanwhile I just want to show you a stuff traders over here So this is a particularly good stuff on uh, uh crtd And uh, as I said, I'm still holding so beautiful uh What I was saying is that many days you won't be trading uh, and you have to take into account that Uh, you will have days where you take maybe Zero trades or one trades and days where you make maybe like four or five trades Okay, if you are the trader the other aspect is uh You have to base yourself On your pattern your strategy if this day there is no strategy Uh, don't stay there. Just like simply, you know waiting for something that you know won't come um It takes a lot of discipline and because everybody you know comes over here wants to make money and uh Sometimes we have a little bit of FOMO We want that PNL PNL, but PNL doesn't really listen to us So what we need to do is just base yourself on the strategy base yourself on the strategy Okay, so so, um I guess what I'm One of I mean an important part of the question here, uh is Will you you will manage it the same way? Even on days when it doesn't look good or days that it does it looks really good You will still manage it with the same amount of capital No days where I see an a plus setup I can Uh, I can add more always if I am risking I know a certain amount of frisk that I have pre-fixed pre-planned Days where I don't see any kind of a plus setup. I don't even try to trade I just simply don't trade Because I have a systematic strategy. So it's based on rules. It's based on patterns um What I believe is that I'm going to give the uh A wrong lesson to many traders because a lot of traders maybe they They see that they have like some good results on one setup and they will like load 10 times their capital And then one day they will lose like what they made in six months So don't do that When you load you have to know of course that your average Your red day should be never bigger than an average green day. I mean at least in day trading if you do want to be left back And um, this is super important. But of course you have to you have to size according to the market Um, not all day you make for example 1k or 500 or 10k whatever You have to size according to the setup that you're having and always have your risk in place Okay. Yeah, I mean I I've spoken to other professional traders about this and The um answers are are interesting. Some load the boat Um on some of these things Um more and extend themselves More and others totally swear against that And just say like look, this is my setup I'm going to take it and I'm going to risk the same amount on each trade Because a lot of times now, you know, it's different trading strategies. They're not trading the way that you are, of course Maybe they're smaller time frames Uh, but but they've seen excellent results Because they don't know no one knows right if the setup is going to work or not Sometimes a setup that looks pretty lousy works extremely well Other times when a setup looks just incredible And it doesn't pan out. Uh, so the risk management is the same on each one Yeah, yeah Okay, that's a good point Bruce. That's a good point So sorry, I took you off your analysis there No, no problem. No problem. I I like that. Uh, we need to wrap it up Uh, I'm watching traders bfri. Uh, so it's a hull stock over here We're gonna have the the resumption Soon, I believe so we're talking about a small cap over here Uh, the peak in the past was around 14 and 60 which was the the high of Yeah, flashed here Now we have a previous resistance over here at 540 Uh, basically big push Let's see bfri So selling over here And hull down So I was looking traders for an entry over here on bfri Uh, we had a first, uh, halt a second open push And then over here halted the downside. So Uh, possibly this will uh, will fellow here come down This is what we call a pump and dump. You see So All right, let's go back to our trades. So h energy Riding with very low volume and I'm holding this position 472 average Yeah, we have no volume right now for Any kind of long or I believe for any kind of push So rejecting over here the vweb This is one of those stocks that when you see a bar like this Can dump in uh In a few seconds. So we're going to see if we can have some opportunity to add again into this Let's see crtd So after the stuff you can see traded It traded above the vweb faded Target is one and I like the fact we have a crtd more sellers jumping in Uh, first main target over here is crtd So I'm taking some profit Into this 129 125 You can see that we have a main support double bottom. So it's good to trail partial See if I will get filled In channel g very low volume I'm not looking to cover right here, but more To look for ads We had also vero with some very good volume this morning. So beautiful long setup I like that from the 1050 up till the 12 So one buck and a half per share This came out 15% not bad from that level So I'm going to look for a dip over here too long. So this went into the zone and faded. Yeah Went into the zone and faded Went into the zone up here faded So Right I'm not really looking uh In big caps for today, you know that I I like to trade tesla and be the apple But we have yes, that is simply Uh choppy is moving in like 15 points Uh, no reason for me over here to trade When I have this kind of consolidation I start looking more at the early chart Uh, this morning I was looking for over breakdown of 212 or nothing when in video I was looking at mRNA Hmm for, uh A swing short opportunity that never came So I was looking for that dip and break the breakdown or the dip sorry Was looking at papal We had news in pre-market And I said I'm looking for shorting this if we were looking if we were going for A breakdown that uh never came and We have the supported 100 next one 994. So I'm not really longing on this. I'm looking more for short opportunities on pops Um And then we added this one that I always follow lately Twitter It's a very low price stock Uh, I can have a lot of volume So now it's become interesting over here 46 46 50 So we'll watch this for a possible trade So h and r g Remember this is a daily breakout We're talking about a small cap over here So still grinding over here I'm trailing uh in the money as I said It's above v-wap. It's grinding. So waiting the trend line break for another short He's grinding over here even no volume Yeah, look what a strange stock right 430 bounced the 430 the 430 over here is the Actually 435 Is the previous day closed this red line that you see Okay, also, you can see over here the dip and book map and now it's pushing over here um We don't have a very high volume. We're trading below 15 k per minute. So extremely low volume I'm gonna put over here configure add-ons sleep indicator Too much So you see that fast pull So previous resistance is uh over here 480 on book map 490 and then 5 Grinding with low volume waiting for the blow-up 21 million float this trade one tenth of the float or almost like that And we have no dilution, but also we have no news that I could see No news over here 482 so good for me to stop in the money I'm watching for that 490 which is the previous high Very low volume we pass this level pass this level, right? Remember we are talking about the daily breakout 52 week high So unless it stops 490 no short perfect long on on vero Personally, I I didn't take it, but pretty good dip. Remember what we're saying about looking for the long This was the support that yeah, definitely very good pattern over here So just watching for the 490 blow up resistance above They're grinding more 487 a few questions for you when you have a moment joseph Yes, yes, I will traders Just let's follow still a few minutes over here at energy because maybe we're near a trade Yes, I'm looking at this level at 490 and 5 A pretty good volume over here traded into this 51 Yeah, oh there we are what a squeeze you see that bruce look what a squeeze that we have That's really sick 510 squeeze Saw those traders like you that didn't take profits Exactly that's the reason why about risk management On h and r g a plus In the sense that correct risk management is what you need there we are there are look look look look Still pushing Still pushing look the the volume is not big because we're talking about the 100k bar, right? but Is uh Is a it's a good breakout. It's a good breakup again everything that is Up with no news even this is an entity company and Uh, we have cl that it bounced a little bit everything, but if that was with no news We'll tend to fade so i'm not trading short or right Not trading short over here I guess some people over here got squeezed more extension with that yet Still a volume increasing Right now, I would love to see a parabolic or a big stuff. So you need to wait Watson over here the same time lgvn bctx still uh crtd breakdown Go stuffing over here. Uh, there we are Nice little wash tool five Look what's doing right now trader. This is a blow up volume. Okay I believe we can fade over here below five Let's see if we see red volume So let's see But it's holding the five There we are below five possible wash until this uh 476 And I believe 494 will go and We're gonna have our fader. Maybe not the lower high, but Basically, we are there, right buddy support Look that's micro support the 495 So ridiculous But it's still holding the price. So Now we're here actually 495 pardon traders 495 We move from the 495 If we drop we're gonna drop probably 15 20 cents, so There we are 94 the test uh 93 gave me all right. So now we are like in bearish mode 91 there we go red I like the participation also from our bear over here And now you see this a buyer came over here for 90 why Guys, can you tell me really right in the in the advanced over here? Uh, right. Why do you think that 490 came with support? Why is that? Why do you see a 490? Uh, so sorry is saying heat map Which is also Uh, okay, because we had heat my work here, but it came later. Exactly previous high exactly So that's the pre market high Or in this case, sorry the the high of the day the previous high of the day And then it's like retesting Became like, you know, the previous supply becomes now a demand And there over here we have a little bit of buyers. Exactly. Exactly. Exactly Uh, to answer over here also j you're looking at day 33. Yes, buddy every single day Today at the vero the days I had uh, uh, a lot of small caps this this time of the year like we had a lgvn as Vfmm We had What else we had Uh, vero it was good run sbfm. Yes ater also is uh Is a multiple day exactly Exactly exactly so, uh Homestay is asking we assure these stocks. Do you have some time? difficulties exiting a trade due to liquidity Our closing a short position doesn't get affected by liquidity uh So if you trace something liquid like could be hnrg because it's not that liquid, right? We're just making formula volume over here. You cannot load a boat. You cannot size it So you will take decent trades to buy to buy a pizza Okay, more or less If you take instead trades like for example, we have today over here vero mean, uh Actually 61 million Okay, so totally use amount of volume over here. So when you're short Definitely you will find you know, uh, way to cover I also suggest you to use uh adding Shorting or adding short ask and covering bid if you can so add liquidity brings down your um If you're sure it brings up your habits, so like you have a better average In this case also if you get stopped out you will get stopped out at a bear price Because let's assume over here you have a little bit of uh spread So bruise shorts at 12 20 because it looks at book map Any short on the ask I'm shorting over here because I have four my 12 and I don't look at book map The trade goes back up. It's not goes up. He stops at 28 losing eight cents. I stopped 28 cents. There's a big difference And the same thing for the big caps 90 what I like to trade short is on the ask 90 percent of what I like to trade long is on the bid Now the only way that Um, I don't short on the bid the only way that I shorten the bid winners If the market is super fast, so I need to get in like immediately for example after fake break out or um When we have a a read test and I and I lose that the timing to get the The support in this case if you're buying longs or the resistance that we're shorting the tops Okay, make make sense guys It's an rg. I believe we can have a very big fader over here Uh, so I will be looking for this because we have a Very good distribution pattern. Uh, let's see if this distribution pattern will work, all right Um again I'm trading the same time bitcoin and I'm trading the same time big caps today. No big caps today. No bitcoin yet So what bruce was saying before I don't even think about taking some size or, you know, lowering my size or not a lot of no, I'm not taking trade It's like You have to know what you're going to do. You have to know where your money comes from. That's the reason why I use like some surgeon apps That tell me where my money comes from comes from, uh, let's say a bear flag comes from like maybe a long on uh Support whatever whatever that is you have to focus on that All right And uh, I was talking for example with one of my students He made uh He had a very good profitable month. Let's month Uh, very good about the five figures And for example, uh, there are days we count him one third of the days of less money than trade All right, not because he was away. He had another he had some job. He's not a full time But because he's niche, okay In it tell him we say Nietzsche Uh, he is based on uh, on two patterns Um, sometimes a third pattern, but two patterns and these patterns didn't occur For example, today probably when we trade because something like tesla is not a setup At least for now, maybe everything can change in, you know, the last two hours Um, apple the same today, we didn't have any kind of a plus setup and he trades only big caps, for example So when i'm going to trade, um apple if we go above 170 or if we start having a rejection over here of the hourly sales So a lot of aspects taking into consideration personally trader, you have to have a lot of patience Okay patience patient patience Yeah Mobby are as patience. I think your whole trading floor has patience there Uh Sometimes come some friends that don't have patience buddy some trader over here from italy. They have no patience um Yeah, and and unfortunately that's a very big, um It's a very big. I want to say problem because everything is like curable so I believe that not having patients like you know an illness and uh, but a point is The point is that you have to train yourself to to be patient You have to really train yourself Apple over here some very good heat map. I took a short hour museum on rejection So I'm still not adding it's just a starter with the micro risk here though I have to do this configure it on sweep automatic mode All right So somebody is selling with their 32, but probably gets stopped out like five cents if I get stopped out My stops on apple are very tight. I don't have like four hour return average So by by stash this year. So that's pretty good for me So I'm starting over here a possible swing, right? Uh, yes, it's not ideal out. I'm ready out. Let's see. Uh, yes is uh, not ideal because it's bouncing already got out two cents stop And why am I looking for a short because the last time we got this level It came down a couple of points and That's easy money So even if I take three or four cuts between two and five cents Then you take two bucks. Who cares? That's really why I love book map Uh, because it gave me so much a better entry And uh with one trade I can get back, you know, the two three stops that I take or whatever It makes like many times more uh I spoke about this in a few webinars will be made over here with dog and and bruce. Which are fantastic people really traders We spoke about Taking paper cuts. Okay scratches The road to professional trading is a lot taking scratches at least when you day trade Uh, when you don't day trade, of course, you can have a little bit wider risk You know, uh, let it work a little bit more But personally if I day trade So my average trading is between one or two hours the the average, uh Uh, whole of time And uh, I need to take, you know, very tight cuts sometimes it goes like let's say 30 cents in my favor and then comes back break even out or in the money So we have over here Apple to to check all day. Okay And then we have a small bounce On our friend. It's energy Still not It's still not dying They're still holding this 490 They're still holding this 490 here. Look at that support. How beautiful it is Now is this gonna go up? Well, it has so tiny volume and it's so like a thin Okay thinly traded That in two seconds by the 530 so right now I'm keeping my stop in the money Can you take a look also on that? On that stock there on the on the daily or weekly or I'm just kind of curious on uh, all of its energy Bruce, yeah, yeah bag holders that you look at etc The point is we don't have bag holders and and this is a pretty good daily Breakout and we don't have any kind of resistance I mean, this is just a technical resistance, but I first tell you Jay will uh six over here reject the stock I mean if we have like some sell over there six maybe but before here There was not really too much of pre going on So we have to wait. We have to wait Something with bag holders is this I traded this yesterday over here from the top It died And this was the amount of baggies that we had So this was a good one Okay, apple going We have the resistance 170 over here Pre aside 16984 Yeah, the main point of resistance will probably at 70. Yeah Some decent Decent amount of resistance That's sweet mom. Yeah, this is the nice stuff It's a nice rejection over here stuff on apple still going over here apple Don't really anticipate. Okay, so strong. Yes, it's still pushing In order for me to take this trade on apple when I see the trend line break or I use stuff into the heat man have a high average So Five minutes is a pretty good tool in this case We're here tosses a little bit slow So we have this trend line, right all morning This is what I'm watching. This is what I'm looking for I want to say this Then I'm looking to short this here. Okay this Charu is asking if you look at the sweeps indicator Uh, no charu, uh, I don't I put over here to make bruce, uh, bruce happy Uh, I don't say it's a bad tool, you know, just I I can't recognize the stuff without this Just look at the order flow myself in times and sales and It's more than enough for me, but it's a good tool. Okay. It's a good tool if you need it just put it Yeah, we have a a lot of um futures traders that uh that use it And and they they won't take a trade with until they see that actually Yeah, for now now this rejection from 170, but I don't want to short over here counter trend Still far from it Let's wait for the backside this one All right, let's go check our friends crtd So on the birds over here of falling Support 125 some support over here 120 there we are Uh, nice stack over here of ask at 143 145 148 Good Uh, it's an RT other one. Let's check it again Well, let's see veru still there waiting for a trade janes Enes was a small one for me. I got it short over here 34 20s They covered down here. This is uh, very thinly traded and That was a pump from uh from a chat room. So I I said clearly not to trade this today It's an rg one second. We can have a breakdown I start to see the The curl. All right It could work with uh Yeah, it seems really like a distribution pattern. So let's say let's say, oh, wow Nice subtle join over here. Maybe it's the time we go down And then again 90 we have some kind of buyer Hit and buy over here He's still Holding the dip Nice finally h and rg finally finally finally good Spain Pl break out So remember h and rg Is a sympathy of cl All right, so there's less minutes together Uh, any question? See here Is there a discord book map? Yep for future traders. I mean there's there's um, I'll uh flash step. There's all sorts of I mean, uh, You know pretty active room in our discord on on futures um, so, uh, yeah, just come on over uh, and Lots of stuff in there You know Have discussions on the sweeps indicator. For example, uh, there's a few guys in there That use it, um heavily like I was mentioning Yeah, hashtag futures. Yep um Okay, I think I think that's uh it joseph. Um Yeah, the uh, I think we got through everybody's question very very few questions today. I think um Barbosa was asking earlier about uh, uh Do you look at a two to three day? Plays like swing trades here We we we covered that ruse. Uh, yeah, yeah, we already answered that. Okay. Um, and uh, let's see here. Um, Just a another note on the uh trivia. So look for it. Uh, we didn't send an email out Uh, it's going to be in the special events room on our discord channel Uh for everybody it's going to be at 4 30. So I'll put a note out in discord You'll see it, uh for for everybody in there But it's going to be first come first serve the first hundred in uh, there will be a prize So, um, uh, you know hope to see you guys there for the uh trivia Trivia night and uh, maybe we'll even rope in a question about j trader Okay, okay. So guys, uh Traders working right now. It's energy. So what's in an apple for today? Uh holding crtd. I believe you can dump fast crtd Maybe even wash fast right now to 120 we'll see Um, no more things to add for the day Again, thank you bruce dog and everybody from book map See you next week. Uh, take care if you need help just reach out to me bruce is available 24 seven. So Please bother him and uh, thank you very much traders. Thank you very much. Okay. Thank you joseph Bye. Bye. Bye