 Okay, good morning traders and welcome to the Bookmap ProTrader webinar series last day for this ProTrader webinar series. And it's the last day for our Black Friday sale as well. Let me show you where that is. I just want to mention it here so that you guys know where it is. It's the last day. 50% off click on just go to bookmap.com and click on the image here. It's 50% off for the first month of any monthly subscription of Bookmap. This is for first-time users. We put it together so you can try Bookmap and try it at a discount. Get up and running, see if it works for you. And it also works for upgrading though. So if you want to upgrade, try it out. Try it for a month. Try Global Plus for a month. Get it at the discount. The same price that you would pay for Global anyway. So why not? Why not upgrade? Anyway, just go to that page and last day for it. Last day for the ProTrader webinar. Today we have Jay Trader. You guys know who Jay Trader is. He usually is here Wednesdays and goes through stock trading. I'll put his contact information into the chat for you and we've got to go through the disclosures and then we'll jump into the market here. General disclosures. All Bookmap limited materials, information, and presentations are for educational purposes only and should not be considered specific investment advice nor recommendations. Live trading is in simulation, demo, paper, trading mode and strictly for educational purposes. Live trading executed in simulation cannot accurately represent realistic trading performance. Risk disclosure, trading futures, equities, and digital currencies involves substantial risk of loss and is not suitable for all investors. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one's financial security nor lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. Alright, and there's our Black Friday image here as well that we just went over. Okay, so as we're waiting here for Joseph, we have a few minutes to go through the markets. This is typically what we do on Wednesday. So it's good. It gives a good overview first of what's going on in the in the markets. And then we can turn it over to Joseph. Well, guys, I mean, you can see this massive drop here. This is non farm. You know, one of the most important economic news releases every month. So you can see that it was a pretty big down move. And just hovering around this 4000 number here. And then we see a back and forth in here basically, just markets trying to figure it out looks like. And the numbers were good. So, you know, numbers are good. But just means that the the Fed may increase their rates or what, you know, whatever, I mean, like, you guys know the game, the fundamentals behind this, this is how it works. If it's good data, it might be bad for the markets. So that's what traders think here. It means that the Fed is likely to raise rates. We can see the price action here directly in book map and what what the market thinks of that data. And note that the the income also for what was it called the Well, the unemployment rate was the same. But the hourly average hour hourly earnings was bumped up quite a bit. So also for the previous release, it was as well. So the that just means more inflation, basically. So that means the Fed will tighten that's not good for the stock market. And then here's the action that is describing what the market thinks of it here. Anyway, big drop. And we're just kind of chopping around within it. Guys, even within this kind of drop here, these these really quick drops in here, there's just beautiful market structure in here. And you can see it basically every time. Let's just go through that example, because this is a big event here. And it defines the market. Alright, so everything in fact, technically, in a lot of cases, is kind of blown out of the water. It is redefined now, due to the economic release. Alright, so what do I mean by that? Well, look, look at this high liquidity here at 4050, right into it, and right through it. Okay, so there's more selling pressure than there is liquidity here. Many times what we see is it bumps into this liquidity and bounces right back up to the other side, and maybe to the other side of this liquidity way up here. At, you know, 4112 or wherever it is up here 4120. So in this case, there's just a lot more selling so it goes to the next level of liquidity goes to the next level of liquidity. And, and bounces around continues on down and does not trade into the 4000 level, but it gets down pretty low. And a beautiful algo right there. Trying to now they're probably now it looks no they got they got filled they got filled. So this guy screwed. He's basically, you know, trying to get out of the market and chasing. So a lot of times we say this looks like a ignition algo is the kind of behavior to try to skew the auction to get price to go lower and ignite stops below some certain areas. In this case, it looks like this algo saw the price action going down and it's like, well, I need to get out of the market and chased. So anyway, because they got filled, right? That's the only way I kind of determine it in here. You can see that they got they stayed in the market and they got filled in here. Right? So a lot if it's an ignition algo, they usually pull it away and don't get filled. Right? They're just trying to skew the auction. So let's take a look at this in the structure from the event. Alright, we're gonna talk about the market structure. Here it is right here 4050. Let's drop some lines. Nice one there. And then let's take a look at some other structural areas. This one here looks pretty nice as well. I know I know that it was liquidity here that got filled. But let's just draw up a couple lines. And I don't want to draw too many lines in here. And we want to look for pullbacks. Where are these pullbacks going to happen? Okay, and you know, I didn't you saw me go back and forth in here, but I wasn't looking at something that is specific in here. It was just looking at the structure. And I know that the market is going to react to that structure on the way back, because this is where the sellers came in yet again. So the buyers tested up here, there is still more selling. Well, buyers finally had enough in here and lifted it through that area and came back to the next area up here. Alright, so guys, when you look at your order flow, you can start to look at and understand the structure and and where that liquidity is getting filled and where those transactions are taking place. It offers a really, really nice areas for, you know, managing your trades, basically, I mean, it's just market structure. Alright, so now you can also look at just heavy transactions like this up here. It typically revolves around high liquidity. Now we never came up here to 65. But these kinds of areas would be the areas you'd be looking for, for that structure. In fact, you see a little bit of a pullback here to it already. Okay, so a beautiful move here. And this is right after the data. Okay, here. And then a very, very quick pullback here to this little structural area here. See, we're just not making that stuff up. It's right there. So, you know, this can help set guidelines for you. And then these guidelines are where you want to look at the order flow around them to understand where you might find opportunities. Okay, so anyway, yeah, take a look at that. You can see how this is defined this whole move so far. And and it's still playing around within that area, as you guys can see. I think I hear Joseph. Good morning, Bruce. There he is. How are you, Joseph? Good, buddy. How are you doing? I'm doing well, doing well. So let me turn it over to you. You got your stream up already. Great. Let's pop it out. There it is. And okay, you're all set. Okay, good morning, traders. So pro trader webinar series. First of all, Bruce, just came over here. What were you talking about? Yes, or something else? Yeah, I mean, since you're with your group, typically, in the morning, and you come in a little bit late, it's kind of nice actually for us because what we do is we kind of set the we go over the general markets like the stock indexes like the ES typically, and just kind of outline certain areas. And then you come in with very specific stocks that kind of tangentially relate to that market structure. Okay, perfect. So we're here. I prepared this for us today. But I want to go over before the market, then if we have time, we can go over this. So market today, we're here just looking one second at ES. So we had the data, a 30 can the data. So that day with Powell, we came up around 140 points. Now back this morning down 80 points. So always remember is not a market for swinging. First of all, second, this morning, I'm still waiting for an opportunity to trade big caps like I want. After this big news over here, after the data, actually, we have a pullback. And for me still didn't happen in a plus setup. I've been trading this morning tops, bars were a little bit expensive. But we started short of here 615. Never had a read to load the bull in this. Also some bars some brokers had the bars over here on threshold. So that you can use only once. adxl is a nice small cap data, data seemed very, very good. But reading more tentatively, is not that good. This morning, I said long pre market, and then start looking for a short reason why we'll see later. Bookmap over here was the timing on tops over here was the timing. Now, let's start over here with tops, which is the the stock that actually we traded the stock over here. And I'm gonna start putting up bookmap. This talk over here traded a massive amount of volume. So this morning, you can see over here started from the 37380 push over here to the 490. So almost $1 dump. This moment over here, we saw a huge sell off you can see over here, simply instantly use a lot to the VWAP. Then over here started like to push started to push consolidation between 485 and 515. And then over here breakout high volume over here, and then pushing to the 620. So over here, I started seeing like an interesting pattern of distribution. So this is what I like distribution pattern, started seeing lower highs, high lows, lower highs, high lows. So I started shorting into this area. And at the gate, we start having simple dump over here. So somebody over here were starting to sell, starting to sell, starting to sell. I had orders ready over here into 620, 630, of course, didn't get filled. My point over here today was for a short. So was looking for the short with the blow up. And this was the reason. So day three focus on volume and supply area. Plan looking for an opening pushing the 6x50, which was this level of here of heat map, looking for that rejection to P450 for today. So looking only for a short that was my plan. Plan unfortunately didn't happen because we didn't have to push. So we only started having over here a seller. So down from $6 into this liquidity area here, you can see right away reclaimed 480 back into this area. So I started reshoring a little bit more over here, not full size and add to the trade, because we are topping out to this 550. And over here, you can see they they push first, second push, third and then the last one over here, right? So the last of the of the buyers over here, they've been like rejected from this point. And then this started like to to dump. And you can see over here now, we have a ton of overhead supply. So let's look at tops. So tops over here has a small float around 2.8 million float, a short float about 12%. No, it's a SAR. We have over here. Top is a is a day three. So remember the reason why this is up. And we can also look at the let's look over here at the daily chart. But when I look at the stock, I see a stock that likes to extend and then eventually sold off. We're here extension, but you know, even some decent amount of volume then started to sell off. And then over here today could be the first day that we actually start like unwinding, we'd like to see a level over here today of target around this 450 430 that was my target. Because over here, we have some very good demand zone. And also, I double check that and start looking these points also with bookmark. And I've been looking for that 450 today, if we're gonna stay with with this lower highs, lower lows. So for now, you can see a sideways action. So not really interested in adding over here. ads will be if we can push around 550 to this area, and then looking for the sunlight. You can see this is a day three, right? So day three of his mock up plan, day one, day two, day three. I'm actually looking for a push over here to to short. Well, one tip over here, if you look at the price section in the last days, never short this on the weakness, it will trap you. If you start shorting this early, like here, like in this case, over here worked because eventually we had over here the dump. But if you start shorting this early, it traps in pushes. So look over here, start shorting then pushes back up. So don't short below the VWAP. This is a common mistake. Like over here, you start shorting below VWAP. Don't do it. Okay, because then it trapped in pushes. And then eventually today, you can see as well, you start shorting below VWAP and then it pushes. So try to avoid. Okay, avoid shorting below VWAP, but shorting to our resistance. So what I do is I look for levels. And then I start using book map for timing my entries. Okay, we're going to look over here, if we can have a possible reentry, add to our position. We're here a little bit of 520. Some more 530, but the level that I really want is this 550. So I want to see this level over here of resistance and only this level into that rejection. I want to add over here short my position. After traders, we're going to also revisit over here, our playbook trade on our med. Okay, and how to use book map together with the chart pattern that I teach to short. So this is a good work over here from here. Perfect, respect in the setup. And again, over here plan, I think was on point. Because we're looking before our short tops and tops, we're looking for a short. If you excel, we're looking for a short over here, you can see looking for a gap and crap fail. And then over here with our med, looking to short this 430 450 area with target 350. 430 450 looking now for this target 350. So very, very precise pattern over here, our med worked. A VXL worked tops work, you see, we had a early phase. So no plan. What I'm looking here, traders, is this exactly display. And I'm seeing book map over here, exactly display. Okay, so that's the high liquidity over here 550. And that's that resistance that was over here supply and remarking was over here demand. And they're still holding here 515. So not willing to sit in the price section of this right now. So here again, tops, high liquidity over here, six, more over here stack at 550. And another small one over here, smaller one over here around 525 to 530. Yeah, great, great heat map. Yep. Yeah, beautiful, beautiful. You can see over here bruised that in pre market. Somebody was guiding up our stock here, here. So they were sharing they were showing over here some some resistance, right? But you know, buyers were grabbing the dips over here. So moving up, moving up, then over here again, giving a liquidity area. Because remember, we have also risen from the previous days, weeks. And then at this point, you can see somebody was guiding this down. I mean, this was very, very clear over here. Gonna zoom out. Okay, you can see traders. This is really what I want to see. So all this zone over here, we have bars, you can see here liquidity, moving up, moving up. So we have bars stepping in. Now I'm watching for that 530 because we're pushing right now over here, you can seller pushing this down. And now we're getting to this 550. So let's look for that liquidity to the 550. Joseph, when you get a chance to maybe go back to that area, there's some really great stuff in there. Yeah, but let's look over here for the level of liquidity we're interested in. So I'm looking over here, zooming out this 550. You can see pretty good volume here. They're starting push averages high, because right now I have just 565. We had an average this morning of around 615. Then we added into the 533. I shared the chart in my room, but I will re share after in the book map room. And what we're looking over here is this this point, okay, this 550 previous resistance. Let's see if we can get through there for a short somebody over here, you can see traders they sold into this 538, but somebody are here absorbing at this level here 530. So there's a possibility here, this will push still up 550. So often you will see that they break down the support and purpose and then they push this back up. For now, there are sustained volume means somebody is pushing, pushing, pushing, pushing. So I see this at 550s. Remember is a day three. So they like to trap below the VWAP, which is this red line over here. So all the price over here below VWAP, it's a big trap. And I never like to short below the weakness into the weakness over here below the VWAP, never unless you know, have a big fader that it's just like showing here a huge amount of selling pressure. And it'll simply have to ride the trim down. Oh, you can see it dip over here below the 530 now reclaim. And there's a possibility over here goes 550. I see this often. This is a highly chance for a push over here to 550 highly chance over here for a push. Okay, so gonna put over here so that you can withstand possible bear trap. It washed over here. Let's see. I'm not shorting over here this point. Let's see if they're going to make this even dirtier over here or just seem like on the line. Okay, good. $5. Perfect. We're still holding 565 average. So good. So we want to see now a fail below that support of 480, which is this level over here of liquidity. Now the structure of this stock, this over here is our support for 80, 485. And a lot of people ask me, Jay, but I see over here a lot of sellers at this loss. Don't get me wrong, there are sellers, but also these sellers are bought back up. The bigger these dots, the more absorption happens. So we have over here a buyer that jumps in every single time that we touch this level. All right? So that means that if we short into this area, we have a highly a high chance to get trapped and squeeze up. And what I'm looking for is that I'm looking to short into this resistance, as I said, or into this area over here. Because if I short high, my risk is very low. If I short low, my risk is very high. After this, we'll like review today, traders Armad, also AVXL, Tesla. We have a lot of plays the first day since I think June or July that we're having four small caps into the Waslis. My Waslis this morning was Amazon, Meta, Tesla, yes, and four small caps. Small caps work three out of four. The fourth one we didn't trade. Big caps over here, no A plus setups. We had only some scalps. ES gave us an A plus setup in free market, A30. I don't know if before Boost was coring, but that A30 liquidity over here into that demand zone over here was simply amazing. Amazing, this one right here. So let's go back to tops, 504. This point we have to drop over here. We have to drop there's like the B. Okay, so about the pre-market, we can review it now. So this is, we don't know exactly if these are algos traders. It's highly possible that it's an algo or somebody simple like trying to push this down a stair step down pattern. I like to call it this since it's here. You can see this fraction of time is 30 seconds. In 30 seconds, we have this dumping, dumping, dumping. You can see over here, they create this massive dump from this 630 down over here to 585. Okay, all right, let's look over here because we're back in those. When you have a chance, Joseph, I'd still like to just point something out there. Okay, sure. Let's look over here traders. We're having an important level. This is the low that happened from the open. So we're getting into the low. So I want to see over here is absorbing again. You can see absorbing again. And we start to see some green over here, some bars again. So it absorbed every single time that we get to this bottom. That's the reason why you don't show breakdowns in this market, especially in small cap land. Okay, let's go back over here. Bruce, here we are. No, I mean just something I we've seen so many times again and again that may be helpful for traders about just go back a little bit. Scroll back a little bit. Yeah, so I mean obviously lots of buyers coming in hitting into high liquidity. Okay, now price is pretty high. And then look how they're supporting it underneath like around that six oh yeah right in there. This is pretty typical to push price up into specific areas. And you can look for these kinds of things at the end of runs. So and you can see that high liquidity there kind of layered in. Joseph around 21, no above that, just to the left upper left corner of that. No, right in there. Yeah, see how they're getting starting to get filled, not there to the left a little bit more. Okay, yeah and that high liquidity in there kind of looks like a spoof in there but you know it looks like they're getting filled. So as soon as they are in, they're pulling on the bid and they're just look at them being very aggressive on the offer. So this you'll see this kind of behavior at highs and I just wanted to point that out and for all markets I think it works even better for stocks. Well, I've seen this pattern so many times on extension plays. Exactly, so many times and it's a pattern that I teach in the room that I trade often in the market and happens when I see you know a lot of exhaustion really when there's the shift between over here you know who is pushing this up and then there's a shift this point there's a shift this point there's a shift over here where where they go they're like canceling over here so they're trying to you know hold that up. So ideally I believe that if it's the same play ideally if they try to hold this a little bit up they can sell at higher prices instead of you know just like canceling over here in this boom dumping all at once. The point of over here the big hands is to not sell low the point of the back the big hands is to sell high. So they're trying this and I believe if they have enough liquidity trapped they can give us a little bit of more squeeze today because over here we have to consider Bruce not only this price section but we have to consider over here a bigger picture and the bigger picture is given from this runner which is a three-day runner over here and we had a first day over here actually this was a second day over here sorry so where we had the majority of the liquidity over here traded at this point so we are now just at that point that's a critical area and the volume is still there the volume is still there so that's a critical area below this area over here you know we can call it the high volume node it can wind over here to the low volume node into the 350th area. So we have to look for this today it's going to be pretty interesting me as one of the best stocks to trade because there's a ton of liquidity a ton of liquidity right now I'm sorry it's trading it's going to go probably today for 35 millions and this is an amazing one then we are over here Expev so I wanted to cover this but later and that's like days and days that are trapping everybody over here today 51 million volume it's just like pushing up is halting several times a six five billion company so traders think that because this is a $12 stock is a small cap you know this is a medium large cap all right six billion seven billion over here so they're actually having entrapped traders all these days over here in the massive squeeze today okay so I'm not really looking for trading this today as I said we are on the easy one stops our med avxl right avxl now let's go over to our med over here and how to trade this so I think this resembles what we had today and the reason why over here I had it this morning maybe it might be a robbery to me so we're gonna go and two seconds and look our med our med is not a day one over here we have our meadow here exactly and it has some very good stats so we have seven gaps with at least two million volume traded and a 71 percent closed right on the day as you can see traders the stats over here this is a micro flow two million right so you can see over here on the first we had a push pump then over here we had a starting of a high volume okay yesterday and then over here this morning we had a pop and fail and we can see this over here right so a push over here was into the favorite tradesman and then looking in short cover short cover looking for that main unwind the short in a 430 450 as was our plan our med over here was this okay so point over here of pre-market going to the 450 this is the error that I wanted to short that I was saying an alert to short so I wrote in pre-market to look for the Syria I wrote it around I think much before this time let me see over here our med I wrote it at 637 and I said to look for 450 this is my time sorry this is a New York time 630 is my time in Italy and this over here is a 16 a 16 we had a push so about two hours before I learned this stock to trade at this point came down over here and I saw over here sellers huge amount of liquidity sorry Bruce tell me Joseph it just is pretty blurry screen I don't know if the if you know maybe you're at 1080p but maybe the frame rate is very high no it's 15 I think Bruce is fine for everybody are you sure is not the only by your side it might be on my side I don't know but it it's it's it looks kind of blurry anyway continue on so if you're at 15 there's not much more we can do yeah um so here we have this push over here so exhaustion of the move of the move yeah traders are saying over here it's a little bit blurry so let's see if I can let's see if I can fix this let's try to close some of these I don't think it's so much that yeah I mean you can try closing those if the resolution is great and it is very readable and everything it's just a bit blurry I'm checking over here again double checking discord we you can try 60 if you want let's see again over here let's see if it's better let's go back on our over here on our med yeah that looks good when you zoom in okay so over here we had a push into this high liquidity area for 50 why this era because it's an era of supply so once I go and check this era for 50 you can see over here that we have a fifth level but plus also we have all these stops so previously we pushed into this 440 for 50 area now the second thing over here is the entry a plus after the gate so at 930 we have a push over here to the to the 450 and you can see over here there's no more liquidity no more any buyer and right away over here starts stopping and then we start seeing like some of the jumping and jumping but I don't want the traders to you get me wrong I don't suggest you to trade short down here down here into this liquidity I like to really look over here for the read of the overflow and I'm checking my levels if I see that level cannot be breached that for 50 and I see rejection what I remember is over here to me is just I just need to short tight risk looking for at least for our return and boom dump and that's you can see from the push for 50 down here to 390 remember my my target today was 350 350 okay so again I didn't say this half that happened I said this at 630 New York time looking for the fifth zone 350 and looking for that level exactly six 350 on the point boom so all wins today on small cap land and closing the week with 90% great rate on these so pretty good now what I'm looking over here I'm looking to react to the trade no just simply waiting tops I share my chart also in bookmap room we're short 565 we started short up here now it's 470 this is a massive one and you can see I was looking over here for 550 then I have that react or actually then I have that add and then now it's still dumping over here and sellers are just like pushing this down you can see over here breaking the support and once you break the support everybody getting stopped out over here so if we have the sweeping the kitty we'll see also shorts jumping in but also you will see over here longs getting stopped out what do you think of the about this Bruce these examples today Joseph are excellent I mean the heat map is just beautiful in in these examples exactly exactly I really like I really like this the surprise section today I would say it's not hard to read this if you know the chart patterns if you know how to read the order of flow okay so now we're going to look for what target traders let's look together right here let's go I'm going to put over here tops and tops over here the error that I want is 4 for 20 so we're going to look for ideally that level just patience on this one I want to just so look at this for the next five minutes and then we're going to review over here Tesla together yeah just easy fader for now just look at the these times in sales all sellers over here rolling down a little bit more we're 60 over here main level of support now we're looking for four but what I'm going to do over here traders right now managing my position bringing down my trail so from 565 that we had and I'm going to bring down my trail over here to 505 so now trail 505 on tops we also have in still our med partial 350 because the skill still can unwind through three so our med so now we're looking for what we're looking for three next tp so let's put over here our med and nothing over here all right time to look over here at Tesla I need to tell a few things about Tesla all right first of all I'm going to put this Tesla here I'm going to put this over here right so Tesla this morning put from here see Tesla but this is Tesla's of today this is one of the best stock that I usually trade big caps I like to focus on Tesla made the Amazon generally the system works pretty pretty good on this for now sorry for now what I'm looking over here is to simply avoid these setups we are in a sideways range if you look the one minute seems everything fine but if you look over here the five minutes we are inside this range okay so we are inside this range now this is the first moment that I'm starting to look for a possible trend maybe ideally afternoon if you can have this trend line break and then we'll be looking for a rejection short okay we're inside the previous day range you can see over here we're still inside this previous day range we have a massive demand over here 190 if you can look at bookmap you'll see the 190 over here a massive support you can see over here 100,000 already placed over here personally this morning I had two stop of 15 and 20 cents on Tesla and I didn't really trade this anymore I mean I like to trade Tesla on these days over here where we had a perfect long over here and this was also a perfect on the over so I like this kind of trading I try to avoid days where I have Tesla going sideways you know rejection bounce rejection bounce it's still good for scalping but it's not you know my favorite type of trading a few things over here that we can look with bookmap especially this this level over here at this point remember at 954 so exactly at the slow 191 and 90 over here we had a bear trap you can see the price got to the level of open okay this is the open level exactly here the price over here was dumping dumping dumpy so we had a huge amount of sellers right and I was looking over here for a long increase dip big amount of bars just after the bear trap you can see over here sellers and then reversing so over here there's a shift between supply and demand bars stepping in no more sellers I just missed like for a few seconds I was just looking something else actually tops so I missed a long over here why this long for one particular reason over here I'm gonna say this is here so I was saying over here this morning you can see again 628 so pretty early then I added I think around 830 after that that I had to change the plan and I said or I'm looking for a trade okay short but this will be out of the previous day range or I'll be looking for a long on a fake breakdown fake breakdown what is this that's your fake breakdown that is right away I fill the support the support is the open level so very important here from red to green and green to red in this case you can see it goes red and then right away green so there's like a another over in this in this point and then over here we really have the shift on book map and this was crazy good really crazy good one of the best setup that we can trade right now on on big caps rather than that I didn't have any other setups on tesla for the day so one and perfect then I treat it good no I actually missed it so not always treat as you will find you know the trade or when you will find not always you will take it Joseph a question on that um if you could talk a bit about maybe trade management like that's such a good example uh in tesla and you're an expert in trading tesla I'm wondering if you change or you want to talk about stain with your trade management or your trade sizing or if you see something like that would you go in bigger you mean in that exact setup that we saw uh yeah I mean like um maybe that exact setup or like uh when you see something and you just know like I mean you never know in the markets right but like you have a pretty good feeling that like you know based on your expertise in your strategies uh and seen it a million times that you know you would some traders do this others don't they they they go in bigger well load in the boat I call it yes if I have a low risk if I know that there's a high chance the stock will work or you know the position will work yes I can load the boat so adding more on my side but I always have you know um I always will uh respect the risk so no matter what even if I load the boat I will respect my risk so your lower the risk the higher the size I can put okay so I mean you would still go if you're what if it's like one percent two percent of your account whatever uh you would still go with that risk reward uh I can add more of my account yes but I will still stay with my dollar risk per day so with my max risk I never change that I see yeah it was really great um we got into some nuances with some of your traders and and they kind of scaled into a a trade and uh you know it looked like well it's going against some I'm going to add more it does look like the kind of classic you know type of mistake instead you said no he's extremely disciplined and he gets a lashing basically if he doesn't follow his rules he was only in a quarter of his position on one of the pullbacks he added he added the rest when it pulled back deeper which was just just great to hear and that you're all over them if they don't follow those rules yeah because I'm I would say I try and I I think I've been like doing a great job on giving a an imprint of the traders of how they have to make their process from the plan preparation the the trading the risk management that also the asset allocation so I'm at size to allocate for each trade they take and also based on the risk they want to keep for day and per per trade so the trader that come out from I would say from my mentoring are essentially full traders at 360 degree what I mean by that is that they can trade on their own and they can actually do this also for a living so that is the kind of job we're doing with with a lot of traders and this comes only if you know work on all sectors of your trading which is not only strategy which you know strategy includes includes your plan includes your like chart patterns your order flow reading but it's also about risk management it's also about also mental approach and this this also means self-control into the market what I wrote today over here is my trading plan for success and the first part that's sent over here is about finding your strategy could be swing day trading scalping of course in order to do this you also have to analyze the market analyze the data back test and journal so you have to find out which patterns will occur over time for example just a fake breakdown that we see just like few minutes ago Bruce and then also it's easy to recognize that pattern over time but it's hard to trade it sometimes you anticipate sometimes you'll be late it takes even you know a couple of years to become expert in timing it's not something that right away you will be you know connected to that am I as a clear Bruce well yeah I mean it maybe I can kind of conclude or or like you know put together like in general what you mean is have realistic expectations here you know you jump into you maybe you go and study like a bull flag pattern or you know you look at your fib levels or you you know you trade volume profile or whatever it is bouncing off your moving averages like you do then but you know your expectations are oh I've got it I'm a smart guy like I'll study it for a month and then I'll just throw money at it and you're saying like no it takes you know some years to like get into the nuances and understand the timing and you know just I think it's really important people have expectations that are just way out of line in trading like they're going to be trading from the beach within a couple months you know and doubling their account like every week or something yeah it's a nice dream I mean a professional trader don't think about that that's you know just like it's just a dream a real trader gets up every morning early or if he was in Europe he's lucky he trades he has tough days bad times of course you can make a ton of cash more than the majority of jobs out there but you have to become good I was saying just like these days over here to to a trader I mean I can I can share over here so this is that the job that we're doing together in this case over here he has a futures this is one of the two that I'm following and this month he's been doing this okay so he's up I think around 13, 14,000 for the month and he has to grow he has a very high win rate very good system use a book map on a daily basis especially we look for rejection bounces so you know it's a steady and great approach the point is there are a lot of things besides the strategy and practice strategy beyond you know this this P&L over here and this is one there are traders who are up almost seven figures for the year that I'm following but the point is you have to become consistent and consistent takes times because it's all based on your I would say confidence if I am not confident with something I cannot add size to the trade and of course I cannot simply start to to put more money in to make more money okay the other thing is study how you can improve your strategy for example when I started I didn't know about book map that was a tool that I had in a second time and it's something also an experiment that I did with a lot of traders who started without and then putting in a second moment also book mapping their plan and their trading got so much better I would say for 80 percent of the traders they simply love the tool study how to improve your personal trading so timing emotion risk management then after consistency so once you reach that consistency when you can be like reading every single day the goal is to add size there are many ways that I add size with traders that I that I that I follow that I mentor and it's also based on their personal personality their approach their goals not everybody can I would say as size that quick like every two or three weeks some treat it will take much more some instead can like you know add even more every single goal their meet and this is I would say personal that's the reason why when you look to to mentor a trader you have to know not only his technical approach but also his mental approach his background everything about it management capital I think is the one of the most important thing I tell you this Bruce talking to so many traders this is something that nobody considers like the fact you know each month we're out anything can happen in the market you know you're in a position you don't have your dollar risk or the dollar risk where the broker doesn't work for some reason and you swipe out like you all count so we're out consistently the also thing is know how much amount how much size and also how much capital you allocate for each stock or future trader and this has to be done like in a very precise way you have to be very analytical in the way that you manage your capital it's like if we have you know like let's say a basket with 10 little breads we have 10 kids and we have to divide them in equal parts all right of course it'll be the kid that maybe goes also do sports needs a little bit more the kid who doesn't do sports maybe a little bit fatty needs a little bit less and the same way you have to manage your capital right so for different I would say risk approaches risk based approach and all of this makes you gain experience and again experience to repeat all this and you'll go back and you your you can add the new strategy you can practice that you can become consistent so you're starting to increase your niche increase your arsenal arsenal over here of strategy that you trade this is basically you know the plan that each trader should have when he starts trading yeah I mean I really agree that that that mental capital is so important I think that you were describing something maybe it was you but maybe someone else however I know you know this one so well that you know maybe some traders are they they kind of have an idea of the strategy and like oh you know I'll start trading and they make some money and they do pretty well trading that strategy but they haven't really dug in deep to research and gain experience with that strategy and then they have one big losing day now they're scared they don't trust the strategy anymore and they've lost their edge and their mental edge basically the edge is still there in the strategy they just need to do more with it or maybe maybe maybe I'm wrong tell me about some of your experiences well first of all I think it's you have to start you know being humble and you have to start with patience a lot of traders they didn't have patience they want right away money they want right away to to be you know like a good trader and it takes instead you know like I would say lessons and these lessons you have them only if you experiment everything then you also have to trust what you have been studying you have to trust yourself you have to trust the process you have to trust strategy if that is you know actually back tested and you know study for a long time besides this you also have to have in place everything in your life talking with a trader lately he had no problem in his trading you know it's perfectly how to trade he's a six-year figure trader so he's very consistent since years and I mentored him like two three years ago three years ago and now he's on his own okay the point is something happened like in his life what happened his life really disturbing like made him upset and this also had like a bad response to his trading so he brought you know that that upset their overwhelming in his trading and that I have influenced him so much so for this trader once he cleared you know everything was happening besides his trading in his life then he was able to regain confidence and consistency so you see how many things that an expert an an expert trader okay so a newbie a beginner has to face when he gets to trading you know it's not something that easy to have all of this perfect you know when you start because you'll learn a lot of these things with time with you know with practice and with training yeah yeah I mean um well for example I mean you I think you're a pretty pretty good model here you know over these years we've had these discussions again and again uh how uh interesting it is like you wake up uh you're looking already for something very specific uh and that's what you do what you mean the breakfast a coffee and uh and a brioche yeah yeah exactly no no um you're looking them for you know uh you're trading patterns um and uh uh you know they work you know that they don't you know it's not a hundred percent of the time but they work on the overall uh and you're you're looking to trade those you have comp you have pure confidence in them and just take the trade uh because uh you know you you have you've done your back testing you have your confidence in it you have your experience in it um so you've done all that due diligence therefore you know exactly what you're looking for uh and as many times as you see it you will take it exactly exactly Bruce it's just like after repeating over and over the place the patterns uh your strategy with confidence that's the best way to trade alright i think we can look over here a few seconds and make a recap of what we're having right now so our med we had a setup over here shorted for 50 uh we're gonna put over here our med and again today traders i went over so much small caps because it was a day where exclusively we had small caps and you know a lot a lot of plays um we had over here supply area previous days here also here you can see supply right and then over here we had the book map perfect right so giving an exhaustion over here the move and i shared how we traded from 440 to the target over here 350 second one was stops so we had tops um a high volume stop today 20 million volume for a low float less than 3 million we had over here in pre-market this uh distribution pattern but uh more as we're explaining with Bruce so go back over here in in the in the recording session uh this uh we can say the shift between over here bars and then over here so jump in and you can see they they got it down so we don't know if this is an alg or not we can assume that we hear somebody who had really intention to push this down from 630 and the supply area on this was between uh 5 to 6 so here they're they're starting to jump in at 5 uh sorry it's 620 630 630 and we're having an average of here 565 we're riding this down right now it's 450 my target over here isn't for so you know like a very very good trade uh low low risk trade and then we had also over here um avxl that now uh i'm not covering and we had over here uh at tesla tesla traders as i said choppy we had a jailer rejection a few minutes ago and exactly at 19375 over here tesla there's not going tesla we're here at tesla we had uh sorry jailer rejection over here actually sorry over here 19375 over here we had the rejection of this trend line so if we can break this uh open level this one line otherwise no trade for the day the a plus setup was over here this morning on this fake breakdown that we saw over here we're giving the entry here exactly over here for that pushed upside all right traders so this is for the day any questions see here oh i think we're good uh in youtube get your questions in guys um and i think we're also good here in discord uh yeah so uh just uh just a follow-up so guys if you like this kind of um webinar please subscribe to the channel um you know and here in youtube hit the like button this helps us quite a bit we're able to have these webinars uh due to um the popularity you guys like these so we want to uh support you please support us subscribe and uh hit the like button there um the um if you want to try book map uh this is like i said earlier i just wanted to cover it again it's the last day so 50 off just go to bookmap.com uh and you can get uh uh click on that hero image in the front there uh this will take you to the landing page bookmap.com slash black friday 50 off on the first month so this is your time to try it see if you like it see if this is something that works for you it also works for the upgrade so you can try global or global plus if you have a different version a lower version give it a shot see if you like it and you you're really not going to be risking much for that so um other than that joseph i don't you have the last word anything that you wanted to cover um no i think we cover everything so if you need help traders just reach out to me and bruce again thank you for the for the opportunity here to share my work thank you bookmap see you next week bye bye bye bye joseph thank you