 Good morning traders and welcome to the book map pro trader webinar series for today a December 9th today We have Jay trader And I'm going to explain a little bit about the the education or the webinar today It's going to be like we always do. This is going to be part of our book map It's part of our book map advanced education It's live trading with US equities order flow that Jay trader does every Wednesday. So Let me get Jay trader in the room I know I know he's here already. So he's ready to go And let me just give him Access here hold on just a moment Getting there getting there Joseph will hang tight There you are There you are Good morning Bruce morning book map Good morning, Joseph. How are you doing? In a rush because we were treating a stock this morning beautiful morning. So can't wait to start Okay, okay. So I'm sorry. I will have to kind of I go through a few formalities here beforehand Joseph it'll take a couple minutes and then we'll jump right in But as I was saying everyone that this is our you're getting free access basically to our book map advanced education When you subscribe to book map, this is part of what you get On you get the advanced webinars you get the educational course Webinars are daily a they're not hindsight education. It's forward-looking and then Wednesday's we have Joseph He trades live. He says equities trader on Thursday. We have Scott Pulsini. He's a futures trader He will trade live. Okay. This is what you get as part of the education. All right, so Anyway, let's go through the some of the disclosures here General disclosure all book map limited materials information and presentations are for educational purposes only and should not be considered Specific and investment advice more recommendations live trading is in simulation paper 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 a chance for risk of loss and is not suitable for all investors and investor could potentially lose all or more than the Initial investment risk capital is money that can be lost without jeopardizing once financial security nor lifestyle only risk capital should be used for those For trading and only those with sufficient risk capital should consider trading past performance is not necessarily indicative of future results quick introduction of Joseph or J trader. He's been trading for quite a while since he was 18 years old And started off with a European equities and warrants covered warrants like like options trading very big size even early on and he's he's mainly a tape reading a order flow trading and Focuses on scalping the level to and wish he had book map back in those days today J trader mainly trades mainly futures US equities and options and is the main trader at his small cap room Here is his contact information. I will put this into the chat throughout the webinar So that if you want to reach out you like what J trader does and you you want Some of his educational services. You've got his email. You've got his website, etc. All right There's also some special deals from J trader. Okay, we get we give to our educator partners You can get some longer-term special deals here again. I will put this link into the chat Moreover, there's one more thing I need to cover and I'm putting this link into the chat right now is the There is a special on book map for the first month. So this is for first-time users We're gonna continue this on Wednesday, but I'm putting a link in here for you or I'm sorry a coupon code Okay, now it's only for global or global plus for the month and it's only 50 It's 50% off for the first month. So if you want to try book map, this is a great Method here for for trying it try it for a month. See if you like it. It's it's half off Okay, and the only reason that we're offering it now for those attending the webinars is let's say that you're really interested in some of these some of the subjects that The presenters are going over and you you're you want to try book map right now. You got it You can just trade or you can get it book map for 50% off and and get get involved in the trading All right, so let's turn it over to Jay trader and he will take it away Good morning traders. Good morning Bruce again. Good morning book map Bruce only one second of test. Do you see the monitor good over here quality? Yep, everything looks great Okay, thank you very much So this market raters December 2020 I saw a lot of December's. I think I never saw a December with such volume with good stocks in both Class assets so small and mid caps so trend This morning. I was looking at Apple Qs Tesla Netflix for the big caps and for the small caps all these on top of it here Chris CNET and tech friend Archon X bio If you are a beginner trader take one stock maximum two per day start paper trading only take the A plus setups in paper and then start building your paper trading account when you are confident when you are consistent You start moving to a live If you are advanced trader you should focus on between three and five stocks professional trader a 10 even 12 stocks The point for me is to have everything under control. So I have one of the monitor for charts around between eight and ten on there a screen share it's morning to stocks and to book map and What is What you always want to take by the dip And short the top. Okay. So basically you don't want to buy the dip you want to buy the lowest point, correct? And what you want to do in this market you want to buy You want to show us already or to sell the highest point. All right. I think this is the most important uh, I would say Scale to gain when you're trading there are a lot of strategies out there I can tell you what's been working for me. I've been doing this job for years Started small caps only the last three years and a half thanks to my friend and pro trader smashed a bit And What I seen on the big caps for years and on the futures I also developed for the small caps So I brought my j-lines. I brought my patterns and I modified them and big test them for the small caps The pros that I give to trading is totally statistical and analytical. It's not discretionary It's not I'm just looking at order flow order flow is my confirmation Without I couldn't take my trades. So I don't simply look for example or a dip buy because I have a support An rsi or any kind of moving average I look at that and then I have to look for order flow confirmation A lot of traders ask me what's the main difference between a normal level two and book map Book map gives you the depth of the market. So when this morning we're over here, for example 125, okay on this under over you see it this big Dot green you can never see This soaking is absorbing When you are in uh in your normal level two I mean you will see the times of sales all the orders, but you can never see the amount of Volume traded exactly at level five hundred twenty two thousand Plus You cannot see once you're over here the resistance already formed above at 126 And the amount of sellers that we had over here, okay So the point for me is to use this as the main Picture the main window and then through the chart we go to trade the details So first thing I'm going to cover apple. I'm going to cover x bio and I'm going to cover this morning and tech Apple over here. You can see my plan this morning was to look for a long y Breakout of the 125 I said will lead to a move possible move to 130 So I need to go check the previous resistances Okay on apple and see What is the next big resistance in this case? This 127 127 and 20 When I go back to my Intradiate chart and we can use a one minute a five minute Whatever We start looking at this trend and I'm gonna Make it a little bit bigger over here so you can see it better So we can see That once we break this level. So let me put A line over here once we break this level Okay, this red line Let's take off this Let's take off This okay once we break this Red level that 124 50 that's your on the over so we go above the opening level We have a resistance placed Exactly over here a big resistance 125 Okay, so even if we take along an on the over That is not for me an a plus setup because above I have this big resistance The setup itself is very powerful. It's an on the over So we go below the open level we go below the daylight. So this blue line over here Use that as a guide and when we go above and we close above that's my entry Add on the second bar over here But for the reason that above I have a 125 book my resistance I know that this stock Could do like this push and then reject the 125 and go all the way down So I want to see a clear Removal of this liquidity over here on the ask 125 and push So I went along at 125 125 and 20 Risking just 20 cents or 30 cents below and taking this big move When I'm looking at this stock I need to have a target. Okay target will be always given by higher lows Breakdown so you can see higher lower here Higher lower here and then over here. We have the breakdown exactly 125 and 67 Which if you see on our chart is exactly this level over here So when we go below the 90 may and we curl below the 90 may What I have as main Possible, I would say parameter that we will have and let me clear over here We will have a possible rejection this huge amount of resistance. Okay, if you see over here traders We have exactly 270,000 Sellers okay volume over here cumulative volume That they are soaking already at 124 and 90s 125 and 90 sorry and they start to downtrend Okay, so that's the reason why I will look for a reversal or to sell the majority of my position exactly this level if we pass to x by young this morning The setup over here was pretty clear for sorry pretty clear the first bar for a long and open So we had a support at 380 and right away push all the way up if we check This is a clear Cup Exactly over here surely to get this to buy this you have to be super quick So what I was looking over here x by oh Let's go back and then we'll move to to live. Okay But I think this is important to understand the setup that I'm looking at So you see the view app is consolidated over here five ten minutes before the open Okay, this level over here and at the open you see the big dock over here They soaked something like 200,000. Okay, they soaked it. So seeing that somebody Absorbed all the sellers They formed the support on book map. They start curling and right away at 390. We had a breakup Exactly 390. We had the cop pattern breakout and then you can take it along Surely this is a scout goes up goes up sorry for 30 40 cents I find some resistance and then we have Uh a pullback, okay But that's the precise idea that you're looking at the gate You look for the support to look for the so for absorbers you can call it and then you look for the lock And where to look for a short? Remember, I always say look for shorts when longs are trapped So in this case We start looking at our chart This is a stop that is above pre-market high So I will never treat it short after the first five minutes unless we have a big stuff And you can see over here a first time we have a rejection big sell-off rejection big sell-off and then we have this breakup Huge volume over here break at 545 If you look over here at 545 traders Exactly at 955 We have this move this move. You can see over here Big move going almost parabolic. So we cannot have any more push And right below that 540 Which is that top that top over here was 538 just below that 540 That is a stuff and becomes your fast wash. Look how you have over here We can see it very good. You see how it grinds up grinds up. Okay, so it grinds and then you have a big wash So that's the stuff that you're looking only pretty sure if you have something like this Bicy versa right now is on the Jayline support So we can see over here We are the Jayline support. You can see that $4 number We have some support over here. We're still holding the Jaylines we're still holding the $4 area. We're bouncing. We're above the open level. So I would be waiting over here stand 15 Over here below VWAP not looking to trade this at the moment. Okay, so I'm waiting for this over here Let's look next one and tech so in tech All right a couple of subs So looking this morning to play. This is a gap in crap How to play a gap in crap looking for the Jaylines I'm looking for the VWAP and I'm looking for these two levels over here, which they only tell me Where is the pre-market consolidation? Okay So I know that on a kind of tape like this. I'm looking for those levels too short If you look over here, it's time we go. I'm looking on book. Okay. There's each time we go above seven exactly to the VWAP level this white line. We have a big soak Fail breakout the resistance boom right away flush. This is the first wash Secondary over here. Yeah another VWAP boom third one fake breakout exactly over here again to that seven So and then big wash And I always teach to trade not the first bar And now we hear who falls Who's of smoke and prune will know what I'm saying. Don't trade the first bar Whether you have the pop start fading you take the rejection That pop Where the push starts fading and you take the rejection each time I'm looking this pattern and I'm looking at the order flow over here So I'm looking for the fake breakout big so called green over here. Boom. You're short right away below Okay, so let's start watching for other possible place So x bio still bouncing over here arc on down trending and tech over here like CNET Fading let's look x bio seems the most interesting So the VWAP Basically, I want to weight this Exactly what I told you just now at 460 Okay, the reason why unless the stuffs I'm not going to trade it Unless the stuffs Is because we are not in a downtrend scenario like for the other two stocks and tech and CNET This is up trending still still above the women's day. It's okay. So still curling for a possible You see over here. We form a resistance that 464 So let's see if we can have a second bar ideally With this kind of risk Somebody's soaking the 450 right away below Maybe we'll flush in the first bar nothing not looking to trade. Okay I would prefer to look for a first bar Stuff and this was not stuffing. This was only stalling with you or a second bar rejection. So waiting Let's see and tech So at our support was halted over here for a big volatility halt See the big dump of basically one buck traders in few minutes, all right It's a big wash over here Now simply done trending all the longs And that's the process behind why they're dumping besides and that being Fluff news the company we know the fundamentals and everything When you're looking too short, but I said before when longs are trapped when longs will be trapped When they will buy on a breakout of the V web Same on the on the bear the bear trap, right when they're looking to short on a breakdown And when they're looking to buy Hold on a number seven Seven seven Okay So not only one but two times we have longs over here And those are the biggest volume that traded on the start Two times we trapped the longs and now I see blame one. Okay. So trading is knowing what setups you want to trade Knowing the stock. So if it has history of Fading history of downtrending or history of curling and pushing along So right now when it starts to be 10 20 10 30 I'm only looking between the direction of the main trend So I'm tech is going down. That means I will be looking for pops into the 90 may or pops into the day lines too short Let's see apple So holding and curling on the one minute day line. So let's see over here If we can have a possible long scenario You see the support we form at 125 If we have a fake breakdown of 125 that would push me more to take the long So it dipped soak at that 125 So you can start your long over here risking 10 cents in this case And on the break of the curl over here 125 and 20 you can add more So liquidity over here 125 and 15 Simply went so we're buying a support looking for curl up day lines is curling over here Seems curling 18 Always remember to put your stop loss because we can have a very fast Okay broke over here 23 So now we'll be looking for A dip thread a little bit more So you're looking to buy dips and I'm looking to buy bid That's pushing over here right now So I'm not going to chase You see over here. We're holding the 90 may now. I bring my stop to break even so you move your stop to break even You can do it mentally or simply like putting your stop break even traders And we're looking for that push again to 125 and 50 Okay, the point over here was to add on the breakout But I want to buy the dip ideally Near that 90 okay this level over here Is it clear the process of this so we have support in book map They fake the breakdown here. They soak So when it's bouncing over here, you see this micro curl And you'll longer be here. Okay You long and now you put your stop break even looking for at least for our so I was risking 10 cents I'm going to look for my trade for at least three for our return If it doesn't work i'm cutting it in the money around 14 15 So that I pay commissions and I pay everything Always be Careful because you can have a fast wash any moment Okay, so right now what I want to see 125 into any holding And then pushing more See looking over here at the sellers we have Looking at the red print sometimes in sales. That's for me the most important thing I'm looking right now I'm looking if I have big orders selling and right now. I see nobody selling big This is what you have to look when you're trading. Okay It's all green over here. It's all green If I start seeing more sellers more red boom I'm getting out before I have my stop loss trigger or even my trailing stop Trying to form a support. You see mb mb. B. O is the arc on one level. All right over here form at 125 and 24 They're trying to dump it and that 125 20, which is also my dotted Dot orange line on the chart is a support. I'm looking for a bounce and there with the 90 may will also Simultaneously be for a possible add to my entry So right now the setup is uptrend curl up one minute daylights Broke you simply get out in the money and that's it not working No big deal out in the money. Okay, so you're basically free. No risk over here Why didn't they profit first target over here is 125 50 and also you can see that on book map This was the first resistance. Okay, so now we wait for a possible what a secondary entry But we always need volume So I want to see the tape three fourth green This is that way to manage your position take the long and the bounce on the dip You have a tight stop you're looking for three for our return at least And then it doesn't work. You stop in the money You don't need to take a stop loss to lose money if you see already is coming down below the 125 20 you take out Let's look at x by own seems moving over here. I'm looking at the charts So again, you can see that view up over here This time is a little bit different So they're trying two times up here to break it So we can prepare for a long I'm not looking anymore too short as I said this market If it holds 10 10 15 above open level look for long traders Okay, always have to be very careful because on the longs you can have a stop But I'm looking for low risk always my risk for 450 five dollar stock will be between two Really two cents and 12 cents Maybe take one or two stops before the good one. You see the liquidity remove it over here for 65 So I'm looking for the cup pattern over here There we have a possibility of curl I'm looking at 465 over here. Okay, where we had the previous although And my stop if I enter I need already to know where's my stop Will I be like, you know with the mouth? Open wide not knowing where I think to stop or no, I know already my stop in my entry was max will be maximum 10 cents That's it Why I'm looking to trade this I'm looking first of all A curl above the be what I'm looking for Bars to build over here position. I'm looking for this kind of pattern Which is on a semi-train the 90 may over here is your guide traders Below four over here Below 440 instead. We'll have a wash Why it's curling down the 90 may so let's look for the 440 breakdown That's the first liquidity you see over here on the ask for 40 support If we have that failure will probably go all the way down to 430 and ideally 420 And you see the drop over here the 440 That's what I'm looking at Why it's not an a plus set up short As I said for the time for being still above the open level But because we have this curl down over here. Okay, just explain you the tape over here Nothing more. So we have x bio apple still not curling And that's on the support C net below the support Interesting on the possible reclaim. So over here manipulators are really playing good Interesting if you reclaim this 440 and we close below the 90 may That's what's chris waiting for this day two So look over here traders. It's a five-minute chart. Okay Look the use that I have of the yellow band Of the purple band. Okay, when I look at over extended plays I'm always looking for this yellow and purple band over here with interband And I'm looking for a fail and curl down and ideally I want to see this blue band over here below the yellow band so On a sono on a wire. Oh, even on big caps or tpw spi All these second day plays I've been looking for this up and it worked very good Um, so right now this morning. I have no setups not at all. No short no long and simply really generally the setup happens between 11 and 2 p.m. Okay, let's look x bio seems curling again I think is the most interesting over here. So let's see if we have always a soak stuff breakout for now Stalling the tape still pushing stalling If the beads will come off short scalp very fast over here risking three cents Bids are stalling Shorter 68 risking three cents Risking that 474 only for a stall of the tape. This is tape reading totally pure tape reading You're building again the 470 rejecting 469 for 70 out Simply out faster I waited one second a little bit more Wanted to take the 470 over here This was only tape reading looking for a stall scalp. No a plus a See over here still stalling still looking for direction One minute J lines is the guide curling small So scurrying again over here. Let's see if it curls more 482 Again below that level May for me previous resistant 465 So what I will be looking for now the a plus set up would be This You may above the b-wap nice to see curl and long above 482 That would be the a plus setup but I always looking for The support in this case the support that we have traders is this j-lines. Okay so that's for x bio Apple fading and tech support 482 And you see over here Why this is not an a plus setup because right away they put some 49 over here resistance So possible fail push over here Let's see the 480 if they hold Look at micro support Okay, now maybe they have more green power Okay, now we'll probably go above five because you have all this green passing You want to see a 490 break then right away very fast at five break. You don't want to see stall over here Boom like this five will go. Okay. You see the difference didn't stall and simply wet From a normal Cup padding on an anime so now the target of this is new highs or 4 or 540 Let's look in a meantime and tech Okay, still fading more interesting over here x bio Strong tape. Look the volume 2.25 million 1 million this bar over here and everything started to wear from The one major is same on Cast same on dpw same on ears Same when we have big trends on test on apple Same yesterday on chris or lxrx. This is the main guy. These are my fit expansion moving average 7289. Okay That with these rules looking for dips curl up They play with very high green rate So they're still holding this five level. That's the important level you have to look at I always look at the Amount of sellers if we have big ones or only small sellers For now seems a flag with a 520 near breakout Three inside bars. Sorry two inside bars. This is the fourth one So or breakdown or breakout if we have a 520 breakout boom This will lead to 540 if we have a breakdown over here We'll lead to the j-lines and the sorry to the 90 may over here for a But it's still not back. Okay. This is still a trend the 90 may still holding So we can have a possible dip below the 90 may curl up above the 90 may and take a scalp long remember Do not look to trade the daily breakouts But even if we have a daily breakup in this case we have over here the 456 right in the morning The 456 breakout don't look to buy the break over here because often we have Fail all the way down, right? So way through it for the breakout looked by dips Near support stop and then you wait for the push over here They only one bar over here, right? We close the bubble here Waiting to add when I see a cup pattern or an under over They use often bar charts because back in starting the thousand and the nineties I was very young and I was using these But you can use the candlestick use those as well for me It's more clear to see the patterns like this because I start often To interpret right away the setup From the way that the bar opens if below sorry If below the premium close or above So over here now is giving a good set with the 499 breakout. Let's see the over Looking for this break over here with the pattern Again, what you can see traders inside bars over here. Okay So if you don't want to see all these bars, I also run up five minutes are looking things as well in five minutes And then I use the confirmation on book map over here but basically You're looking to buy that bid And you're looking for that breakout looking for a fast call knowing your risk So right now we have an algorithm here You see this stuff. So I'm going to risk over here the snow for 85 needs to break that liquidity for 95 And then we have the scalp for the long. This is only a reaction direction the main trend So goes over there 504. Let's see if we can have a break or another stuff Should push above 510 So you can sell on the ask over here if we have that push 505 506 07 sell half So you want third Now you are stopping the money Sell that which is a 510 and then you can simply hold it to your half position Traded with a stop break even so break even We have 496 we risked that 496 Five is your support. So now we're looking for 530. Okay Let's see if it holds out in the money Not paying So we get it. This is just a scalp way. Okay, and then if I have another resource of scalp, we'll do the same This is just scalping the main target. Sorry the main support Where I want to enter long is this dip over here or this or this Why curls on the one minute j-lines? That's my main target to look We here we'll see if we have other entries then for long for now the stock As it is trending can come Can get to 535 4550 all right Don't try to short this over here because you're going to have any kind of pattern Unless it's a big stuff big stop that tells you this would go down. Let's see Tesla Breakout Beautiful here So breakout one minute zealots careful because we're still below the three minutes. All right And remember what I told you before the support and resistance on book map Are generally at the dollar number And the big ones are that whole round dollar number. Okay, so 635 640 645 650 and so Breakout X by yo And there we have the 535 40. So this is another pattern breakout. Maybe you can see it better Even here you see that again the curve with a 90 may you can see it better. I think on the five minutes are Okay, so a bar down Open week and push break of this bar 520 So beautiful tape you'll stay on X by yo look the removal that liquid over here Simply fantastic They're building 550 Soaking big at 560 over here three years Look the green. Look the green boom This is the play J lines Caroline push Simply the play seems seemed like looking at chrysalis yesterday or alexa rex So don't try to find the top tick Look always you trade on the rex the main trend. So you will be looking forward trap short Long short long, right? Okay. Let's look traders together at CNET possible short ad coming possible short come yes And I would like to see a 240 250 top and short We'll start with a filler Okay, so short and dash filler over here at 229 Only because rejecting the j lines over here, but basically I want to short Say you're at like 10,000 shares or 5,000 shares Look to short over here because this is a pattern. I look to short this time of the day with this volume And only after the rejection and ideally you want to see a trend break over here I'm looking to short side. Okay filler. You can get in like one tenth of your position So 5,000 a share went between three and five hundred And then on the back side you train the rest always short on the ask So add liquidity with many brokers you will have rebates if you cover bid or short ask or if you buy bid and sell the ask So that's what I suggest to you X bio is going so don't even try to think To short it requires some time the formation of the pattern CNET So the gray zone is where I want to take the position Basically, I'm going to show you what I'm looking over here. Okay trainers. Just one second I'm going to show you exactly What I'm looking at Okay, so this was new yesterday all right So I'm looking for that trend over here break boom to short over there. Okay. This is the j-line 72 This is the three-minute j-lines above shifting below the five Looking for that same signal over here. See we have some resistance Just below I'd like to see this let's add another small over here on the ask Let's add on the ask Let's see some optics And for this you can reach to 233. Let's see if we get filled canceled one can always sorry Can always cancel over here Put again your orders See if we can have a pop to 29 to 30 x bio was still trending So final support At that level in curl again at that 90 may So we have some solid now to 40 you see a traders over here This is what I want to see to 36 to 40 they're stacking a little bit So that's level I'm looking at sorry It's the level I'm looking at We have our trend line stacking more Sorry, I made a mess over here. We're looking to short over here We have That 236 to 50 So 236 to 40 is where I want to short size If we don't have that level we will trade small Because we're not at the level we want. Okay So what you can do very short supports In this case support is given by a Trend line. This is simply a bull flag. All right, sorry a bear flag What is a bear flag downtrend? You have a set of high lows you see over here high lows high lows and then you have That break on possibly coming over here. So we're looking to trade that That fail right We have that fail. I will add on ask again. Do you see it always coming down? so Very easy thing to spot It's very slow very slow. I know it's more interesting If we look at something like x bio mean did this or I I know it's more interesting to see this Wanted to show you a rejection if we can have this fade Okay, let's leave it there for now. Okay, let's put one second x bio You will update me traders. Actually, I'm looking at the monitor, but you can always update me in the in the chat over here if you have If you see x bio moving, right, I mean CNET moving So what we have The push over here double top 586 Big wash Use manipulation And it's still not back side right still not back side Still holding an uptrend of j lines over here And why I say j lines in the first day arm are a way to go. So for example, yes, they are looking at chris Hopefully this will you see chris what I told you the on trade yet still not back side So this was chris yesterday You can see that all the pre mark all the sorry the open over here was always holding one minute j lines Then we start having the three minutes and that's the new one holding back to x bio Okay, curling down over here possible wash Coming traders On this bear flag you can see the bear flag on x bio very clear possible wash coming to the 432 boom You see it very very clear over here Stalling Into that vweb boom wash Okay Not an easy fader because you have a ton of support for 50 you have the j lines of the vweb But practically That's How to look for wash is stalling. We have five six second over here Tape not moving then you look for that wash Very very predictable. Let's see again our CNET and apple Friendly CNET over here. All right, so we made a pop so moving again On CNET over here looking to add into that And we want only as I said to get in one tent if not there are a target, okay using these heat map over here so when I say heat map are these orange levels Right this this this you see one two three four five I'm only looking to trade the tail line rejection or more fader into this heat map over here and Uh, the main position I want to take is this 238 240 this area here If I can't get over there. I won't size week I will size only when I have tops And using instead the weeks so the dips to cover This is how they like to manipulate over here With a seller jumping in again. So let's start seeing if we have some reds When I say reds means red prints You see 10,000. So they're still not selling as I want to see So all the shorts that I took were all on the ask You don't want to take short on the bid for the reason that You will get bigger stop losses if you trade short on the bid Right now our average is 227 228 So we can receive in the 227 if things don't go good for the filler We'll basically break even And we can revisit the 240. Okay But for now I'm still holding a 227 So over here last We should see some failure down to 215. Let's see. Let's see with bruce 222 Very slow. You see start selling 15 20 000. I want to see big sellers over here to 21 We want to see what the low over here to 10 right traders doesn't go good. We stop breaking 222 This is only pizza money Something like this easily you can trade 10 000 to 21 to 20 Very easy set up J line rejection With the heat map over there Now to 20 we have to see do we have a soaker because we was the previous support or we can go more down China is broken. We have nothing to Fear over here We have to stay in stop 227 Sellers still in so Patience, okay Patience Prepare always your stop loss this case in the money Asked by you. I'm looking in the meantime to you're still holding that One-minute j-lines since you're sick. So this is how to trade j and i rejection is a clear traders So you get a previous low and go over there only pizza money, okay? You cover a half use a bit you take your fill Are you sure 228 you cover a half over here 213? That's it. That's all that Okay, all that you have to do right now. We're waiting for what to Okay, so we're waiting for one while here And there's the same thing That you have to repeat each day Why are you looking to trade this short and not long because it's not like x-bario? It's below the open level This is I know see that very good. I'm sorry to say these words in the book. I'll be here It's a fluff company. So it's not really for the big trends generally has one two days gaps and then it feels the same thing I know how it works a lot I know how it works a lot. I know how it moves Once we feel the open level and we see this big sell-off over here. I look to short only pops so The fact that over here we have these big dots is only because we have some covers okay But this if it continues like this we'll have even 180 today so reason to Stay in alright traders Some good pizza money there Pizza money over there, buddy. Pizza money over there. You know, I love pizza Pizza sushi are the best. Yeah. Yeah, I think you got pizza money for a couple weeks there So The point is traders You have to trade this market and we're talking before with bruce Only when you have a clear set up. Okay, don't say is because you see a lot of things moving don't say is who alerts the trades who alerts uh The the entry levels instead during the strategy and again It's not because bruce is telling me to say it over here sending messages But seriously bookmark is a very useful tool and a lot of traders use it I use it in my trading every day And I have a lot of pro traders In the room using this as well. It's really game changer The fact is you can see how the big ads institutional I would say you have a niche Otherwise the retailer Like me like you like, I don't know maybe bruce is part of a big company. I don't know But the big Traders will always win on the retailer All those to the market makers Uh manipulations There they're the class offering dilution pumps Capital raise reverse play whatever So by having a set up Or two set which are part of a strategy because strategy is made by sellers risk management You can win your portion of the market and this can be 10 k a year 100 k a year One million a year or whatever. Okay, that's dependent from previous year So a million a year sounds like a lot of pizza money there Well in the market like this is not hard to do it Only you have to have I would say even better than a strategy is a very good risk management Yeah, and and and also I keep I'm reiterating this. I mean every week you do this webinar And you're just crystal clear on your setups. You know exactly what you're looking for Thank you bruce. Thank you very much The point is to be consistent, you know, I always say I like you know to see big panel I'm very happy if somebody has a big panel like 50 even lunch okay the day or a week The point is I like I'd like to see when that same trader that has big drawdowns in a day Or in a week So try maybe like to work a little bit more on discipline Work on risk management. Maybe to use for some time a little less size a little less risk Because why I say that because I was the type of trader When I was Not in the first two years because I didn't have the capital when I built the capital I was in each position between two and 300k and trading that like 10 20 30 times a day So I was always all in that's how I grew my account very fast But now I didn't teach that because it was stressful. I had I had drawdowns I had a panic attacks. I had insomnia heart beat rate and I mean Managing risk I think is one of the most important thing if you want to do this job on a long term if you want to have one here biggest block And run with your money Then okay do it, but if you want to Last on the long run do like the third one. Okay Not like the life All right, excellent excellent stuff as usual Joseph All right, so I've gone through most of the questions here And and answered them just one jerry was asking about and I don't think I've ever seen you do this Joseph. So I've answered that you wait for the curl, but Will you put a limit by like let's say it's coming down toward your jay lines and And just jump in but or do you always wait for the for the curl, right? Very good question Okay When I have for example, let's say I want to buy on a drop over here to two, all right Let's say I put the limit order You need a limit order, but you also need a stop not just below the book map level over here Because what the market maker do often they trigger below that support in order that Longs are stopped shorts Get in then they reclaim it on purpose. So they're trapping the shorts The longs already how because there's tough loss and then you miss your long Okay, so over here. I'm excited So the point for me what is is that If you want to have a tie or stop loss You wait for the price going over there Or so or start seeing the bounce before taking the trade Uh, you can use the limit orders is correct Okay, but you also have to know that you can be failed. Okay, or fate Okay, so jerry, there's your answer uh, and um Joseph, uh, you know, you've been going for about an hour and 10 minutes now Um, thank you very much. If there's any last words you want to part with here Else we can we can wrap it up Merry christmas to everybody I'm very curious about this is my mood I've been very good like the last couple of weeks in trading So reach out to me on bruce if you need help like even in email Thank you very much for being here today. I'm sorry if I'm my not my english is not perfect As I told you I'm half italian here in sombrero But bruce is doing the good part. So thank you very much everybody. Thank you bookmark for uh holding this and see you next week All right. Thank you. Joseph. Take care everybody Thank you. I'm very good