 Good morning traders. Welcome to the bookmap live trading webinar today with Jay trader socks trader. It will be live He will take positions. It is in demo paper trading mode. We'll talk a little bit more about that So that you know what you're getting involved with here and did I start this? So that that you know what you're getting involved with here. All right. Yeah, so Yeah, it is in demo and learn how You know professional stocks trader uses a book map and order flow in fact We had a Webinar yesterday with a futures trader Carmine you might want to take a look at that. Here's our YouTube page and here's Carmine's webinar here really interesting young guy that just Really has I don't know uncanny sense of how markets work. I don't know how he got all his knowledge He's been trading for a while, but Excellent information there. I might want to watch that. That was just yesterday So anyway today, we're here with Jay trader stocks trader. You guys know who Jay trader is He does offer mentoring services. I'll put this into the chat so that you can check it out And contact him if you like We got to go through the disclosures and then Jay trader will come in in a few minutes He's always finishing up his room at this time So he'll be in a little bit later about five or ten minutes a 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 important to know that and And important to know that this is just for education risk disclosure Trading futures equities and digital currencies involve substantial risk of loss and it's 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 financials 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, so let's Jump in and we're gonna look at the S&P E mini to begin with here until Jay trader jumps in And then he will do his presentation here. So we'll just kind of follow up on things here You can see the cash open here We'll move to the upside but kind of still within in some ranges here And well, let's just take a step back here and kind of update from yesterday what we saw and You know, we're looking for we was right around this time here on the 15 minute chart yesterday and Very very choppy environment. Okay, we noted that several times and We were looking for kind of a this was the move down Okay, we were looking for the move down to this area around 38 75 and we did anticipate a bump up at that point Okay, I was also looking for a few different scenarios of maybe potentially a gap fill which is just filling right now it's not a full gap fill the full gap fill is up here, but You know the the gap fill as well as The move lower the move lower would be somewhere down in these areas down here And we also looked at on the hourly chart somewhere a Little bit lower in here, I believe so so anyway We had our kind of higher time frame outlook on our levels on our candlesticks and our market structure here Then we're looking for the order flow around those levels Okay, so what we did get the move back up? We get the move back down and this is where it bumped up again So it sustained it here. You see this cluster of volume down here or this cluster of of activity here And that's I don't know if I can really zoom in there No, well, yeah a little bit here So it's this cluster of activity here and this is where we came back and retested And it it accepted above this area here. So this is what we look for in the structure Understanding that this here is no different than looking at some of the order flow within book map It's no different than looking at on a daily chart over here on the on the left or the hourly chart here in the middle same ideas same concepts understanding Price acceptance rejection and the order flow the orders that make up this action here. That's what it's all about Okay, so We saw some swing trading examples recently in book map as well And let's just take a look now and see what's going on the current market Well, you know, here's our move kind of back up on the hourly chart here and the daily We're just kind of in the middle of the range hourly You know, we're looking for that, you know It's kind of done this kind of partial gap fill here It could come up further and maybe it rejects off of this area. This is a good area up here We were looking for it actually last week as well around this 39 75 is what we called it We're looking for a move right up to it. I think on on Friday. It was anyway The Looking at today's action here. Well, okay, you know, you see the move up You see some rejection up here. We're kind of in the range here You know, here's our cash open down here 930 so Yes, it's it's kind of bullish here There's definitely in the cash open and it has accepted above this range here so far So, you know, we'd be looking for if the the bears come in we're looking for 39 25 We're somewhere around in here If the bowls come in we're looking for retesting now not only back up into This kind of 39 55 and this high here at this point up here We'd be looking to see if we can break it Okay, because it's already tested up here So we've already gotten one test now it pulled back now We're looking for the next test and then we'd be looking for follow through to the upside Okay, and we're just outlining scenarios here when we get up here or if we get up here or if we look at the current market And we look at the order flow to come back up into here Then we're looking for the potential for the break, but we'll have to know at that time All right, let's look at book map. Let's dig in here to some of the details in the order flow And yeah, here's our cash open. Here's our pullback now look at the areas in here This 39 40 liquidity it did transact 39 50 also transacting all over the place up here And 39 60 though has not not yet And then now let's read the order flow within this area. See how we've accepted above And let's try to put some more structure on it here Kind of difficult to put more structure on it But we'll go with 30 this 39 40 here And kind of mark that up and you can see these are where the retests are And we've been going back and forth in here Obviously now let's read the order flow in here So first thing we're gonna look at is the the market structure in here is and we can take off the volume dots And just look at market structure and I'm gonna take the stops and icebergs off for the moment Okay, market structure. Well, we made a higher high here a lower high or lower low here and then just kind of back and forth in here All right, so what now we did make a lower low in here and in this kind of smaller range and We don't really have too much insight here in in this structure at the moment And there's it's it's really kind of in the middle between the swings between here and here and No, no real insight yet. Now we can look for a move from the inside here On up to these edges here. So that's what we want to look at right now Let's add the volume into not the trading that the volume and let's take a look at that. Okay, this looks pretty good I'd be looking for these buyers here just based on the volume within this structure Look for the buyers to try to test back up here to 52 Maybe up to 55 All right now volume seems to be Continuing here. We're above this little swing here already looking for more buyers to continue All right now Take a look at this selling in here as well. There's some pretty strong selling So the first test would be up up to where these sellers kind of initiated this selling And then we need to see more buyers kind of overpower this strong selling and this move to the downside See the strong selling up here to the downside strong selling here to the downside. Okay, in fact at the moment in This structure here from this point onward sellers are in control Hey, also here sellers are still in control from this time frame now buyers are in control down here Right. So overall trend is still up at the moment. We're looking at smaller trends within it And and then we want to understand not just the where is that volume trading in in that structure? But now we're going to add the third element and we're going to look at the heat map here Okay, so where's their liquidity? All right. So here they are right up here at 3950 the figure Let's look and see if we can get enough buyers To test up into 3950 Right due to what we saw in here with this buying pressure coming in So here they're coming right now. I'm looking for them to to trade up into here and to test up into there We're looking for more green dots here. Let's zoom in a little bit closer. I Don't like seeing I want to see more buyers come in on the bid here and see other not This allows sellers to trade it right back down to 43 here Okay, so a little bit of a skew in the auction would be great And also maybe them to pull here here. They go see see there's the skew at the 45 see them come in look at their reaction That's what we're looking for now. We're looking for our test Okay, that's that's understanding the auction in here and now that happened quickly But we didn't have much we had we knew we had the volume We didn't have the the order book on our side Okay, they could have traded down here to 43 And once we saw this come in here and we saw the reaction to this liquidity was buyers great We're looking for 50. We can even get up into well. It's already traded 50 Looking to see if we even get up into the swing up here and maybe even our 55 level. Okay. Now, let's let's Order flow is dynamic. That's always shifting and changing And so let's see what's going on in here. Okay, they're coming back in now these guys though down here at 45 See how they pulled when price came down. So they're pretty fickle We're still getting more our buyers in here. All right, here's our skew in the order book Great. Let's see them trade up into some of this liquidity up in here 53 and three quarters and 55 We're looking here. They are again in the order book at these higher levels here and we're finding buyers So we're still looking for this to continue look at the order book now and Look at the reaction. So we're still looking for 55 Now they're pulling here now at 51 And we're finding a few sellers now Let's not over yet. Let's see if we get enough buyers back up here again And we are order book again All right. All right buyers. Let's see if you got it here Yeah, see now these guys in here watch this be a stop run to the upside We might even get to 60 now because we have fuel in here. We have sellers in here. Ah Good morning, Joseph. There you are. Okay. Let me let's guys Joseph is here Let's turn it over to Joseph and some stocks and we'll go over that and Was there any questions in here? Yeah, it looks like chop wizard. Yeah, we're getting we're getting something something's kind of happening here But yeah, it's not not too much commitment on the buy side There's some it's doing it, but you can see that the selling pressure also starting to come in a bit, too I'm looking for someone to get trapped in here though and see the nice move up into 60. All right, so Anyway, that's just one of the scenarios to go through Let's turn it over to Joseph and let him take it away Hold on a minute here And now get his screen Hey, Joseph, if you could present your screen there Good morning traders. Good morning Bruce. Good morning, Joseph. How are you? Good buddy very very good How are you doing? I'm doing well. I'm doing well. Just going through some S&P here But can't wait to see what you come up with with the the stocks Okay, so just give me a second. I'm gonna Prepare over here my monitor and then we'll start with a screen share today. We have the FOMC traders. So remember I'm gonna be a little bit conservative. All right Can we start Bruce? Yeah. Yeah, I don't see your screen yet, Joseph. Okay. Let me see if Now it's fine. Can you see it? Yeah, now I got it and we are All good to go Okay, so good morning, everybody This morning small caps are very flat I'm break even this morning Coming from two good green days I Didn't trade still You'd size because I really didn't like this market We had only one Main gap for this morning in small cap plan, which was he leave He leave over here is Stock that never traded high volume. So if you look over here in the past We can see that We never traded more than two million volume just like back in the days over here last June Descending stock You can take a look at also the stats So we're gonna check over here the stats to second And also the news which I believe is one of the most important factors, especially if you trade If you trade small caps, so we're gonna check over here He leave and then we're gonna see the price action today on the stock So it's a biotech company and this morning over here They were saying levation gets FDA fast track designation So every single time that we have a fast track designation these stocks tend to fail It's not a micro float. We have around 10 million float The institutional is 49% So what can you tell me traders about institution a 49% is a pretty high or low institutional really try to interact with us So even for example, I know this is a screen shared on On YouTube so try to interact with us Tell us your opinion It's a high owner. So so raise over here. Thank you razor for for participating with us. Exactly High institutional ownership means we have to be careful Because when we have high institutional ownership, we know that longs and I would say absorb generally on the It's all right on support and then try to push the stock high This is a type of manipulation, of course won't happen every single time But remember that when we have this Percent is above 40 or even 45 percent. I'm always like, you know, more careful to take short, right? And this morning we had I would say Complete Example of this holding bids and then we'll soon we'll see Financially this company has a crap doesn't have revenues Has a negative net income burning ratio per month 4.6 million We can see history. We have no gappers in the past only this one gapper, but was a very low volume So let's look at the price action I'm gonna Do like this I'm gonna take off candlesticks my volume dots Perfect All right, and you can add MBio I use more things in this, right? But I want to keep it over here pretty simple for you traders so that you can follow pretty good. I would say the price action So what we had over here Morning resistance was at 450 Now look with me when we had this push You can see over here that we had I'm gonna zoom in We had a breakout of that 450. So in this case, we call this clear out, right? Means that we have a lot of longs over here participating and they're simply breaking out of 450 I can tell it in the same moment over here. We had also buyers From chat rooms and from newsletters And over here just look at what happened. We started like having the same top being traded like multiple times So they were trying to push over here between 455 458 and you can see over here They tried they try but some exhaustion on those tops run 458 and Then you can see that from all these blue, right? All these blue dots over here that you can see we start like having more sellers participation Once we failed just below that 450. This is the most important part of the chart We started to see sellers so sellers joining in So joining in and they try it again a secondary time second time over here 946 Just on this pop you see this pop They try again to go break the 450 Over here at 946 time. We try to break this and then right away sellers join and at a certain point We started seeing traders a big sellers above it for 50 So over here at this 450 so big seller this golden zone that you see over here is Is I would say Distribution pattern We can see trendline break These down wicks over here didn't really happen. All right, not even this up wake I saw this on all brokers and it you can you can have a feel over here So we had a push over here to 450 446 this level and then again, you can see the sellers in control But this Sell off was very very slow. I mean over here was very slow. Everything was very slow It took a couple of trades. I didn't have though. I would say Big size and then I started seeing like a little bit more sellers at 441 So you see this was a pretty interesting and then another big seller. So they were like Tapering down this and we are exactly in this this area 954 955 time over here and Then once we saw the the web you can see they they try the first time the break Which is this bar here and then they pushed it back up to 441 and Then they came down. They push back up boom wash look over here only sellers only sellers And then they try to bounce the backup so you can see again, you know buyer stepping in and it's always this like You know cycle it's like a way first We have like the seller then like a bounce over here now You will have sellers then bounce and so on volume is super weak But again, remember we are trading a high institutional ownership stock. So they tend generally to have We say a lot more manipulation and often you will find some good absorption in this Anybody trader today The stock okay, I see the majority of traders probably I did wait Yeah, wait it for the foam is seeing and everything so I prepare something today to to give to you traders Which is this and this is an in preparation for your trading So it's how the mindset and the preparation of a trader are important in your trade The first thing that I do every single morning is looking the scanner and I start looking at This is for small caps, but I start looking the same thing for big caps We start looking at the same thing for futures with different. I would say variables So I look for the market cap below 600 million price between 1 and 20 in the gap above 30% This morning the only decent gap is I was saying was this eleve, right? Nothing else. We had a lot of day 2 day 3 like our DBX Geo VX and so on Then I'm looking at the news event Just like we did a few minutes ago and I start looking if We had important Recycled fluff or no news what I said before fast-track designation often tends to fail. All right The third part is Looking at the history of the chart So we've seen for example over here on eleve That we don't have any kind of big volume. The stock is Down-trending and I'm really not looking for any kind of I would say long in a scenario like this, of course Of course because we didn't have that huge amount of flow rotation versus the flow, which is 10 million and Because we don't have a big catalyst All right The other point is looking for the stats. So for example over here razor make local And others there are falling us Let's say that you want to trade a stock like I would say like SIGA, you know a stock that could go even into today's to 300% So this is what happened in the past. So today we have another gap You see this stock and then you see the stats of the stock that on five gaps With at least 10 million voluntary that day. We faded five times Of course, your first idea will look too short not really too long, right? So you'll wait for that pattern Okay, because often pattern I would say reoccur over time. Then you still look in financials So to see if the company is healthy or not Gap stats again dilution, which is a very important Catalyst for example, Joe Vax yesterday and then you look into that pattern pattern where I will look what I will look for Into the support resistance and we'll look for the pattern to trade and then eventually after this So this is the trading preparation. I will have my second preparation which is called the tactic and For the tactic I'm going to trade exclusively with my chart patterns and with book map next to it So every single trade that I will take in this market, all right It will be together with my chart pattern and with book map together So if I'm looking for example this morning at Geo Vx Geo Vx is one of those clear example of small caps that if you look at the stock tends to fade I mean, we're not talking about the stock like in the past on Apple in the last four or five years always came up Great a weekly uptrend. Now, we're talking about a stock that is simply Using dilution as their primary form of I would say making revenues raising money Yesterday we had warrants around 326 if I'm not mistaken. Maybe you can be more correct than me But I believe it was 326 And I was waiting the moment too short. So I brought this overnight. I Was looking this price action and I was looking at a main thing over here that I often see It came to this 330 so they They had a break out like this over here, right? You see the break of a high liquidity So the break over here of this 330 and it peaked Remember warrants were at 326 if I'm not mistaken believe 326 and then right away. They slam it down like on this bar slam it down and over here they start really like to Exercising those words, you know words are contracts, you know Issued by the company At a certain price So for example, you have warrants 326 you need 326 on the bid in order to be exercised So why company do this? They sell the warrants and everything even to investors So they tell the investors you can buy our warrants for a much cheaper price But only if the price goes into debt, I would say Bid then you can exercise and you can make money I know for example some funds invest on small caps doing this type of job And I spoke to these and they told me 80% of the warrants invest They basically go to zero but those 20% they they go they might have like two three four or five hundred percent wins Right, so that's the reason why to buy words Of course, you have to be I would say with a very high propensity risk and this morning we had a very difficult I would say scenario and I Had a good short. I had a very good short. So over here. This is one of the setup that I really like Just over here the price section and I want to I want to screen this for you traders And I want to mark up over here meanwhile next to me. There's my bidder. She's still trading so We are looking at this level So I'm looking at levels of supply and demand, you know, I made a video a couple of years ago another one Six months ago explain about supply and demand together with book map so I Was looking for these levels that you can see on my chart, right? We can put a lot of levels over here supply and Then I start looking where we have book my persistence And I was looking book map over here at you can see a 260 and then at 275, right? So very very simple approach looking at the levels on our chart and I used a one minute five minutes and now 50 minutes are today plus an hourly and Then I still looking at book now. So the first part of our move over here. I saw a Lot of volume over here You can see buyers buyers buyers bars until we go exactly into this High volume area. All right. So we're talking about this 260 So here we had a breakout often we have these clear outs, but then right away These longs get stopped and then you can see that we really miss any kind of liquidity We don't have any more buyers where they went So right away instantly this you see this week over here is this We don't have any more like buyers and then from this moment over here from the 254 Sorry over here. We're done over here from the 254 We have sellers in control. So Assume that you're long and you're buying over here the dip for any reason you want When you see something like this be very careful holding your position Because right now you start seeing only only sellers. All right, I don't see over here really buyers Maybe some covers few buyers over here that there were like, you know, maybe from morning with limits But this is a big fail and where they go to fail on this main support to 30 Which was you can see over here the previous day close All right. So all the things all the levels Form like a puzzle. So we push into a daily resistance First thing, right? So the first thing with daily resistance Second thing we have bookmark confirming supply the third thing we have our Shift between demand and supply so buyers and sellers The fourth thing we go to the previous day close, which is an important level Fifth, we have the confirmation of that low being a demand zone also be here because we have demand Okay Yeah, that's a Book Yeah In the meantime traders, I'm looking over here next to me my rear because he's trading elive. So she's getting some shorts. Yes She's also short on Geo VX She's also short on Geo VX All right, let's see if we have more rdbx Don on the estimated stock the stock runs on SSR today It's still having a very low volume We're gonna do like this All right And you can see just a glance over here. Look look just look the difference between rdbx Any leave so traders Whoever even over here. I see a lot of people on on YouTube. So What is the main? Dot that you see over here and you leave is the blue or the magenta Or even traders over here on now on discord sellers Exactly So we have traders Sellers in control all morning. We had sellers over here, right? Now if I look it's an rdbx Look the difference in this We have a different price action We're uptrending but then if you look also over here at the color the main color that over here We have on our chart is the blue. So buyers are in control, right? Just look look over here again sellers in control Bars in control and this is what has to make understand on a stock like this You're not looking too short. So I tried to short this morning two times over here in these peaks and I had a one small stop and one scratch Basically because we were shorting into daily resistances, right? So I was looking over here at This main level of resistance between 550 and 560 So over here on these pops to 560 I started seeing some selling pressure I joined over here V-wap bounce and then I cut, you know, you can see over here once we have the V-wap Right away. We have a high volume reason to cut. I'm not really looking to to hold it Then I started looking at the stock that came exactly to another daily resistance 620 But I didn't short there in short for the reason that we have SSR and I stood and I still saw a lot of volume over here Now we start seeing a little bit of seller this 620, but that's for me not really An A plus setup because this is on our extended play. We have a good volume for a six dollar stock We're still holding over here the view up. So I prefer I prefer over here to wait You can see a support Now if we get to this 580 No, where you can see over here that we have the last heat map I'm looking for ideally a long pattern or If you go instead above 620 and come solid it above, I mean this could squeeze even more remember We have an SSR on so SSR Okay, can really Trap a lot of shorts Okay traders So let's go back over here on elive and then we're gonna cover also Tesla and the big caps So elive as we said before big sellers we had a short set up over here Just in this resistance you can see over here This 415 420 resistance This is a trade I I Called and traded before so now if the volume will be weak and low. I'm gonna wait for 380 and eventually here at 350 So I'm always looking at the price section And I'm looking where we have the majority support. So 380 we have my band and 380 over here at my level of support with heat map So I'm gonna cover Possibly a partial over here 380 and then over here. We have another support around 360 So I'm gonna cover the partial down here watching elive Watching RBDX jovix and done buddy We're done Ryan. So let's look over here Still sellers in control one suggestion if You don't have I would say other resources like, you know, you don't already have it on your broker You can put over here times and sales Now we're gonna need to stay below this for Because as we said before we are With this resistance at 418, we have another resistance over here at 4 So I'm looking for ideally traders Another small push to this for would like to see a little bit more heat map over here. So more sellers Adding to my position and then looking for that 380 and lower. So let's see if we're gonna have this This pattern over here. It's a bit in a 399 I don't see a big amount of liquidity over here, right? It's just a technical resistance But I don't see a big seller just at 4 placed Okay, our dbx remember what we said before we're breaking the trend line I'm looking and waiting this 584. I'm not entering really before and Again buyers in control buyers in control not the trend line break coming But again, I didn't have my level over here. So I'm waiting a little bit We had some Buyers around the Vweb over here at 589. I'm not in yet So I'm not looking to short this. I'm only looking too long if we're gonna stay above that 580 I'm gonna looking for a long up along the positions over here And ideally want to see this 580 to 584 So what we have often we have the break down the Vweb and then reclaim Break on the Vweb and then reclaim that is my Way to go over here. They're trying to build a little bit more Check traders over here this 604 I'm looking over here at all these blue Right. So all these buyers you're gonna pull put also over here times in sales So when you want to have the previous template just go over here And then you're gonna put simply this So inherit from the chart you want and this is exactly how I have it on a leave So this pattern that is the that I'm trading It's called over extended play. All right We have on the hourly chart. This is my hourly chart You can see that the first part of the chart over here is all green So I'm buyer over here the second part of the chart is all red Then I'm here the third part of the chart is all green, right? and Now we have this resist 620 if you break this you're gonna have this probably by tonight or tomorrow at 7 So I'm looking if we can break the 620 Consolidate above and push or below 580 this will unwind some sellers. You can see around 604 It gets there Consolidating over here around 597 598 599 They're making a higher low There we are breakdown again deep on the V-wap Watching over here closely When I see ideally to have a fake breakdown of the V-wap over here. So a bear trap right away reclaim This would be a manipulation type 2 and type 3 farm my playbook So I'm looking for this 585 580 Okay, so start looking over here again. They're trying to attack at 6 Liquidity is pretty low right now before we have some very big volume around 500k per minute as well Then we had over here a peak around 350 now volume is super low So a little bit more conservative I'm also watching a Tesla today, but I'm not really looking to trade big caps because we have the FMC in a couple of hours So I'm gonna stay over here with rdbx. They're pushing green right now. You can see buyers Trying a break of this 506 careful because this is Full of shorts that are trapped from early morning and we can have over here break of the 620 today and push strong All right So careful shorting something like this look these orders over here. They really seem like an algorithm Going from the 585 you can see they're canceling and then they're like Always pushing a little bit higher 593 So the same thing yesterday on the same stock this is ready five six days that is in play Again back down and probably gonna go to the Z-Lines So watching for that. Don't think it's about Rdbx going to support. Let's see over here. I'm looking at this 584 586 Now we don't have any more a lot of liquidity this buyer over here 581 580 cancelled We have more sellers at 608 now more 605 so careful of it here Only if I have over here a high liquidity zone So a big demand zone. I Will look to start longing over here into this area All right. Why because we have this Demand zone and over here. I'm looking traders for same thing. I'm looking for that area Over here for a dip buy So I may be wrong But this is a possible scenario. So look over here could possibly start doing like this and then push the upside, right? So remember What we can have over here? No, we can have this pattern When they sell there's no release anybody that wants to sell so I'm putting over here on a book map a room the Possible scenario that I'm watching so pushing the highs. Yeah Thank you, Mary for following us 996 care full of it here Why this seems like a distribution pattern right in this case we have a Flag a bear flag just In a downtrend, this is our bear flag that I'm watching So let's see if we're gonna have this dip and then as we said we're gonna look for that reclaim, right? 1055 It's always getting a little bit tighter and tighter and tighter over here Check this five ninety three. I need three over here to see them all Yeah, nice resistance on Tesla 650 remember main daily resistance this is And you can see over here the first rejection on that supply zone right So when I'm taking trades That I'm buying or shorting I want to see this kind of pattern We go to test that resistance and we reject so let's go back to our DVX This is our trade and I'm looking at as I said for a long trade today May seem lateral is true But I can tell it that the stock that we're falling right now is this Right even two days ago on the 23rd We were holding the support you saw over here, right? And this was a fake breakdown the Vweb, and then right away we went to reclaim it With high volume this pushed like a buck. Yeah, almost a buck and a half like a buck over here And the day before and the morning over here push like two bucks So in really like a short time the stock can really move fast And give you a pretty good return On your investment so on the support. Yeah That's a breakout in the meantime You see over here They tested another time 650 650 with these bars over here and then break out to the upside These are bars one minute that you see on book map so I use sometimes dots sometimes I use a Candlesticks nice nice strength there Yeah, and I like also this This pattern here each bar making higher low So like a small Wedge over here or ascending triangle and look over here this big breakout Coming in also. Yes over here bouncing We grab some yes this morning over here Bruce from 39 and 40 So decent move if you could go over that there's just a kind of a little bit of chatter back and forth and In YouTube there And you know what you're looking at because why wouldn't you take it? Why wouldn't you take this breakout trade? Oh, yeah, it's not your plan. I mean to maybe go go through your plan I tell you I tell you guys that We went over this a lot of times so More than 50% that the brain the break out straight you will take you'll get like the top. All right So imagine that they are big ends playing. They are market makers playing so they know exactly how you think and the most common obvious I would say analysis or Where they're gonna try to trap you So a lot of bull traps in this market This is my long setup So I prefer to buy over here then buy over here Now we are in streaming screen share from 10 o'clock. Of course, I cannot direct you to that long But that's a long set up All right Over here you can see just put the view up you can see the fake breakdown of this level Right so everything that I have over here only these are these are only sculpts nothing more than that right so sculpt sculpt sculpts and Not an a plus setup where I can simply say my tell myself. Oh, I'm gonna load the boat over here So these are only like sculpt setups. All right, let's continue through Watch over here. So we're gonna look at Tesla and our DBX now I'm gonna look at my chart and I'm gonna look for the resistances. Remember, we spoke at the previous times how to look for levels on your chart of interest so looking for a high volume areas Then you have to double check them with book map. All right, so neck resist next resistance 657 technically with book we have over here 660 see kind of in my style I would have gotten I would have taken the breakout Joseph in hindsight. That's so obvious to say but like I don't trade stocks though so You know, it's very very different And and your your style is you wait for the breakout wait for the pullback two areas of your trend indicators there like your J lines And then and then you're positioning yourself Yeah, my scalp over here trade is at 653 exactly this level, but this is a skull So I'm not really trying to show scalps over here. I'm trying to show a plus setups I can tell you this readers because I've been training Tesla since the day came out and my win rate this year is more than 82% for 4.2 profit are so What I'm saying is a I would say back tested system That I've been trading me and also my mother here next to me for a long long long time Yeah, you guys are good You guys could open up a trading floor and have a be market makers for for Tesla if you want to show the body We're hoping over here a trading floor Already in my office where we are you really you're gonna do it? Yeah, where are we gonna do? Live mentoring session with you know, private lead traders at my place nice very nice So look over here now Two things that I that I want to show you. Let's add to this chart The Vweb So everybody knows you can see over here all the viewers. I have and we're gonna add over here an explanation moving average Let's see. I'm gonna put over here this So Okay, two things that I use my tree right now why I said To you traitors that this would have been my sorry this would have been my scalp because as you can see like I said before I'm looking for the breakout of 620 on rdbx and consolidation and move up once we have this break over here 650 I'm looking for small type consolidation We spoke about the last time, you know, those small curls. This is a small curl that I trade I believe I made even some videos in on my page about this. Yeah, and I'm looking to buy this area here when I start seeing the small inflection All right, and this small inflection is this over here. So a small bar And then you can see over here the breakup But this for me is only a scalp like for me a scalping short over here around 50s 657 657 and 50 why because we see a big liquid it over here. I start seeing this bar for me red So this is a skull trade today. I'm not looking to show you skull trades if possible. I want to show you I would say a plus setups but I hope that I Would say what I'm explaining over here is a use is useful For example This was Breakout of an important level of 140 right what they do they push and they stuffed it So if you have a breakup, but that breakup doesn't consolidate Above then your breakup can be a fake out. All right. So think about twice before buying a breakout That's very very report So over here, we have a Mac loco asking GME. All right, buddy. So glad that you asking about this So Jimmy, I believe it's one of the best stocks to trade if you are like Looking for manipulation and I would say high volume Yeah, high volume squeezes so perfect breakdown And over here squeeze this morning But now we have this resistance This resistance trend is still down The only way that I'm looking over here to trade this is for a shore side Because look this momentum, right? So each time we basically touch this line over here We came down So today, I will be looking for a short up here Okay, let's go back to Tesla So you see Tesla is still in my downtrend So the other reason why I'm not taking position long is because I'm swinging this short I'm then calling this every single day, you know all those levels of years were short of Tesla one minute so we have My band around 675 this area Then if I'm looking over here the stock, we have the main supply In the same area over here So that hypothetically 668 678 could be the target for this long. All right So hypothetically This could be Da I would say the target for this long today Have to do something traders start looking rdbx. They're gonna do something. Trust me. They're gonna do something They're gonna do something over here j-lines dip. I just missed the long. That's my long. That's my long. That's my long That's the reason why I never go away from your chart. That's my long All right bruce. You see the beautiful over here dip buyers coming That is that is reversal pattern you enter with a very low risk 94 to 95 But now let's see if we can have an answer over here. Yep dip below into your j-lines strong buying coming out Yeah, yeah, yeah yesterday or sorry two days ago bruce. This was consolidating for like really a couple of hours It really seemed dead, you know They were trying to sell and I could see so much good absorption over here on these dips So they were selling boom reclaim. They were selling boom reclaim. They were selling boom reclaim And why who was selling traders? I believe more than long stepping out. These were short sellers shorting into the weakness Which is like buying breakouts, you know, you cannot never buy breakouts like over here You're gonna get stuffed in the majority of these scenarios. Then of course, you know, one or two will go But on the long term the long run why chat rooms don't work because the majority chat rooms they they just call like long breakouts Daily levels pre-market highs and the majority of the time what happened You'll be like stuck and then you will say, well, I'm always losing trading doesn't really work Of course because you're following the wrong. I would say Paris, right instead understanding the price section Understanding over here how to redort the flow you can avoid all this and become We say have an edge versus the market So long consolidation over here long consolidation. Let's see. We can have a secondary dip All right Let's see if you can have a secondary dip These and these yeah, right These are good for these levels And joseph, um, would you um I guess it depends on your positioning, but like, uh, would I mean, it's a pretty You know in a range bound trade like this, um, you know playing your strategy It's very very high probability. It'll trade to the other side of the range Most likely would you take some profits up there? Uh, let's say if I was long and this came to this high correct Uh Okay, I I have like, you know my risk management that if I'm risking One hour So I'm risking this low Generally, I will keep a few cents below heat map. So let's say that my risk over here is six cents And then it goes up And my target over here is this previous high Which is at least 12 cents. I can trim something But in order for me to sell a first big partial I will look to see If we can get to this main level, which is the previous high So of course This is one hour ready for me profit. If it comes back to break even I'm gonna Get out unless I have over here a normal spire All right. So in that case, of course, yes um On govx this morning was extremely I would say Let me see where so no no govx illy v. Sorry Um Over here Okay So this is one of the washouts that I like to buy. All right, I'm gonna put one second the stock so Uh, you can you traders can understand This is a setup that I suggest you really to uh, study it It works extremely good in high or say, um volume context So this morning we had A pushing to this mean liquidity for 50. We're talking about 942 So this bar here right away slam down over here Just below the bweb and you can see the sellers. So this is a fake washout. What what when? When we were reclaiming the previous support now resistant, which is this 430 level And then you can see also micro curl. So this is the zone where I like to long But if I long over here and this is my risk So I have like 10 cents risk That for my I would say stats. I'm looking at leaves for to war. So I want to see 20 cents profit In this case this movie here for me is 20 cents So over here, I would only trim something because I want a little bit more The risk management would tell me, okay, we're stuffing just below this level. I'm gonna get out entirely And if I instead I have accumulation over here So what for example, I'm looking oh, sorry traders. We have to look rdbx then in this case I will add rdbx rdbx. Let's see. Let's see. Let's see So we can have a possible push You can see now curling good, right? If six or eight goes away, we can have a big push. I will try to long over here On that push just having a tie stop in case of a fake out. We are not the high of the day So this is not the breakout Some big liquid that's six zero eight that has to be removed See how I'm there? Yeah The rejection of the six zero eight No longer be here So for Another time sellers jumped in But again, you have to look at your charts And wait for that moment um I also wait not only for the correct moment To trade but for the correct moment when I have a very low risk to trade Because I can have the same setup But one trade could give me for the same dollar stock, right? Can give me a let's say a 15 cents risk And another trade the same setup same dollar stock can give me a five cents risk Of course, I will try to size up where I have only a five cents risk All right, of course Yeah, is this clear guys because often we talk about you know entries We talk about exits, but we never talk about how important risk management The only reason why I can still trade after so many years and be profitable is about risk management And when I use book map This is the key in helping me in finding the correct way to trail To have a better risk reward where to stop. This is the reason why I use it um I want to share something That I posted the other day And it's basically this So, uh, a trader asked me Why do you use book map? All right, why do I use book map? And I can answer with this Okay. So in the meantime over here, I took some long at six zero eight Why because we have a clear out that liquidity now I'm risking the six zero eight as well So I'm long six zero eight the risk of six zero eight I want to see the six twenty five. So I am already in profit because I'm risking break even right But this probably is going to rip to six twenty six twenty five Now six fourteen. I'm not never looking at PNL. So this is my process I'm explaining you, but I generally like like to keep quiet I keep control I always look over here only the order of flow The prints that I have this is management in in live I see over here previous resistance around six twenty So I already tried to put my ask sell partial over here around 25 I see still bitters stepping in big bitter six eighteen got feel six twenty. So 25 out of six twenty Let's continue to go next target six 40 I'm going to share this in the in the room after execution and everything So now I'm better because I have this liquidity that is my risk. So I have still three fourth my position in Six thirty our entry six twenty So that's the reason why I said wait for your entry. This is a reversal bar. So careful What I'm going to do. I'm going to trail a 50% if you lose six eighteen If you see that big support, we have one hundred forty five thousand All right So what I can do over here is this trying to add a little bit is six twenty I try to add over here in the dip is six twenty traders And what I'm going to do if we fail so I added more I added more over here six twenty on the dip If you feel the six twenty, I'm out completely or at least To say half of my entire position And now I have a new average. So I have to remember to never risk more than my average Okay, I start to see a possible seller coming in. Let's see if six twenty. They're trimming Yes, yes, they're selling over here. Careful I'm gonna be fast That's the important to look over here. I'm out that 50% So in the money and I'm holding only 25% of my initial position plus the ads So each time I sell I make money. I'm never looking P&L. I don't care My mind is if this goes at eight, I still want to have size So I still need to find levels where I want to recycle add to my position more size I start seeing over here more dot sprints, uh, magenta So I start thinking right now. What is my setup going to be? Where I have to trail is my entry still correct? Is my buyer still correct? All of this, uh, uh, answers have to be automatic while they're in your trade I have a precise list of what I'm researching and keeping under control when in a trade Now my goal is to see the six twenty Holding if I see that spoofing All right, so canceling right away what I'm going to do. I'm going to trim more But not entirely because often what they do they faked Uh, a breakdown and then they reclaim strong to the upside So let's see six twenty focus on that level and focus on the six forty Why six forty is a daily level fib that I'm looking at Just wanted to show you that over here over here Uh, this is the first six twenty six twenty. Let's see. Let's see. Let's see They're selling One hundred thousand shares over here still So always think somebody there we are you see now I showed it. I took the short a six twenty So I took the short six twenty again I will share all my entries and exits in book map. I'm coming right here partial is 610 perfect So what they did six twenty you can see over here we had 100k immediately The 100k went down to 2000 shares boom time over here. Sorry, uh, 10 000 shares time over here to short for a scalp and Using the risk of six twenty with a target over here of 595 The same time over here just enter over here on govx again So she's shorting this all the way down. Why is she shorting govx? Look that beautiful heat map Perfect heat map Oh, sorry, eleve eleve eleve Eleve over here. Sorry, eleve Lower high at 408 Pardon our beer Big sellers over here on rdbx So let it go down So now i'm using the starboard here in okay eleve perfect So my beer had a good read over here. She's shorted that 407 boom wash 395 Beautiful read on book map so over here Long and short So holding risk bday And you have to risk break even because as we said this is a ssr So it's a high volume stock SSR for who doesn't know short sale restriction. You can only get fill in the ask So for example, you have to sell I suggest to sell on the ask So that if you want a versa position, you can immediately like short also the ask and get fill lacking this faster person It's a little bit like how harder I would say concept in trading So right now what i'm going to do that's what you saw though joseph, right? Sorry, you saw you saw the on the ask the large liquidity or If you can zoom into that area, that's because you saw it Exactly when I was seeing these pops I could see some big sellers Stepping in and then when we have the support they've trimmed What do you try to sell on the ask? Of course, not always you will get filled because you have like micro optics And then when it washes simply washes over here eleve was a better example eleve or short into a resistance And I don't need to say bruise what the resistance was this Beautiful fate Let's look it back at tesla so 660 Still holding this as 60 56 And let's go back over here to see Are the bx So they're not done If you're going to hold over here 620 remember target today will be seven Possible breakout coming a lot of buyers over here. You can see Start looking for a push to 640 where we were looking before and then 650 There we are Now 640 is the target where to sell partial put the stop break even Tape is completely green big buyers over here on the flow This could push like even 680 or 7 right now wrong over here There we are 650 Now we want always to see Buyer so the big over here heat map pushing up So we want to see this moving probably 630 or 635 folding the price up and everything started from the j-lines So when I said before Look for the price action Look for The consolidation remember when I said it can be very slow It can take even hours And remember what I told you before look at that picture Let's repose over here. So now you see What I told you to do Or to do sorry what I told you was possible Exactly the same pattern that I called Dip into the g-lines push over here 50 cents up from where we called it Any question traders on this because this is really like how to buy longs in small caps Next time we're going to make actually previous time have we made I like how to trade big caps as well So or we're going to do soon with options with bruce So this is how to manage the position Right we spoke about this we took a spoke about stop losses This is how to really predict The price action on a long and take the whole move Yeah, a beautiful example joseph Look that blue over here now remember before of bruce what we were talking about eleve right And we were looking over here. Look this huge amount of sellers And I'll look this a little bit different, right? So different type of I would say price action In order to flow. I mean look at this. This is beautiful. Look these buyers over here. All right guys All right, so 1130 over here Any questions bruce we have any questions? It's been kind of sporadic But I t-bar, I think we just kind of went covered that about the spoofing it was the ssr and the You know what joseph saw on the ask there Um, and uh, no, I think I think we're pretty good in youtube. Let me see over in Discord, um, there were some questions, uh, or mclocal had uh wanted to take a look at your thoughts on gme Ah, we did it. We did. Oh, okay. Okay. Sorry. That was uh, yeah quite a while ago Okay, okay All right, so traders Again, hope you enjoyed the webinar go where you watch it, especially about the process of how we say Anticipated the fact that this was going to be a long Uh for anything else you can reach out to me or to bruce. Uh, you can Put your comments or questions below in the youtube and I will Be happy to answer Yeah, please if you guys like the video give give a thumbs up there And subscribe to the channel if you're new here. We do these webinars every week with joseph Joseph just uh A heads up actually we're not going to do the options this quarter the options webinar series In fact, um, we're going to do a crypto webinar series Okay, and we're going to do that soon and I need to actually meet with you and cover Some new features That we're releasing actually tomorrow. So everyone be on the lookout for this. It's really an amazing tool Uh, and uh, you get you kind of schooled up on it joseph. So, uh, uh, then we'll have the the webinar next That would be amazing. Yeah, it's really it's really pretty amazing indicator. I really like it And think it just offers a level of transparency. That's pretty pretty unique Perfect, perfect. Beautiful. Yeah, okay. Yeah, so Traders, thank you very much for for being with us and bruce again an amazing host Thank you traders and see you all next time. Thank you very much. Thank you joseph