 Good morning traders and welcome to the book map Live trading morning today with Jay trader today's Wednesday. So Jay traders a stocks trader. He will be trading live This is part of the education you get with book map tomorrow. We have scoppelsini futures trader He will be trading live as well We do need to go through the risk disclosures here. So you know exactly what you're getting involved with Hold on just a moment here. Let me get to Jay trader There he is okay So yeah, he will be trading live here. You guys know who Jay trader is he's he's been on here for a number of years now on Wednesdays and Let's just Go through his his contact information here. He does offer mentorship So you can reach out to him and well, let's go through the disclosures here. This is important So please take a listen 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 By trading executed in simulation cannot accurately represent real estate trading performance The risk disclosure trading futures equities and digital currencies Involves substantial risk of loss and it's 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. So please know what you're getting involved with here. This is not a trading room This is for educational purposes only. It's part of our educational process. We have the educational course. We have the live forward-looking analysis every day And then we also have these two live trading webinars here as well with J trader for stocks and Scouples C4 futures. Okay, let's jump in J trader. Well, he always comes in a little late. He's finishing up his room So he'll be in shortly But we always start off with the S&P and just kind of go through the markets in general Before jumping into stock. So that's good. It gives us a good overview of what's going on in here And well, let's take a look here. What do we see? Alright, so in fact, I'm gonna take the point of control and VWAP These lines off of the chart here for now Just so we can look at a simple chart All right Okay, so Well, we can see the 930 cash open Nice bullish move to the upside here Above the range here. All right. So buyers taking control immediately here in the in the cash session moving it up into this 339 30 area here It blew through now. You can see the liquidity here at 20 This was kind of important because that's the top of the range basically Trade into it and through it And now we're getting some back and forth in here deep pull back here to about 15 and then back up into this kind of Big range up here. All right, so there's gonna see some stops in there. We see it here You can see that and this move to the downside now As we've been covering here, we've been talking a lot about market structure And we're gonna continue to do that. This will set a really good foundation now You know our educational course goes through it as well But we're gonna be looking at higher time frames in here. I think that's starting to resonate with people better then You know the educational course is spot-on We're just looking at lower time frames and then extrapolating out that data from You know very very small Micro structural areas into much much higher Areas and time frames it is no different like this breakout here from this structure into and a pretty strong breakout into another structure so Anyway, then we look at the How that structure broken who's in control in that structure? Okay, so well, what do you guys think we've been covering this quite a bit? So You know look at the buyers here that broke out on print some pretty strong volume here to the upside All right, so let's just go through the process here In fact, would this take volume off here for now and we'll take the heat map off as well And we're just gonna look at structure and I'll clear drawings and Then let's add our structure Okay, so first off we have this consolidation period and it's the strong breakout Okay, now we don't know that right now. We just see the price movement, but we don't know the volume in here That's when we'll put this together But in fact, there's another little structure in here and then you can see how fractal this is because if you really look at it There's another one in here and then the break and if you really zoom in you'll probably see another one in there And which is kind of like a it's just a pause It's like a flag pattern, you know, kind of a strong move a little bit of a Not a pullback, but just a pause and then another strong move All right, so what now these strong moves created a structure up into here Okay, which is still active. This was a quick move now. This is where you know These little areas you might kind of look at them and just say oh that's meaningless They're not This is why Look at the pullback here to that structural area All right, so buyer still in control now. We've been talking about who's in control Okay, well, we know just because of the structure buyers are in control But let's take a look at the context here the second element on the bookmap chart Which is a volume. Okay, so let's take a look right now. We can clearly see This context of who's in control All right, so strong move look at all this buying in here, which didn't really move the market It was pretty volatile in here just back and forth and back and forth and then finally the break and a strong one Okay, so and now a strong pullback actually here too But right back up into it. Okay now let's we'll go through the structure of what we see up here as well Right now because it's actually looking pretty decent if we get enough sellers in here to try to drop it down here But this is where you get that third context in book map. Okay to understand this context Is what what about the other side of the trade this we see the sellers sell sell into this area here But what's here on the other side and that's where we want to take a look at the heat map Not trading We want to look at the heat map. There it is. Okay So and then let's zoom in here because I can see high liquidity here We're gonna get this other context and the other context is this well, there's high liquidity in here And did they stay in the book and trade? No, they actually pulled. Okay, so interesting move here and Here's the strong volume to the downside now. That's a stop run in there Okay, now, let's just take a look at this though. This is really this we talked about this as traps yesterday and We need to understand this move in here All right to give us some Insight to what might happen. It's kind of the bottom of the bigger structure here the bottom of the range here And let's just edit this. Okay, it kind of kind of broke it slightly Okay, I'm going off of this swing here and also this little swing here Okay, it kind of broke it slightly and then it came back up into the range all right, so It was looking pretty decent for maybe potentially sellers to come back down into this liquidity here Okay, and retest this area here We'll talk more about that in just a second, but what we're looking at here is a trap And you can see we came back up to the top of the range Up here and maybe we can we can get up here as well It's not not looking good at the moment, but we talked about traps yesterday very simple Traps here. Okay. This is a breakdown from that structure, right? Okay right in here This is where we can start to draw these up. All right, so what was the context down here? We see a little bit of selling here, but nice selling in here and Look where the buyers took it away right up above it here All right, so above that that selling in here and they traded it back to the other side of the range here all right, so Now we're seeing those sellers that come in again. All right. Now if that's going to be a trap Then this is this is the area right here. It's basically the same area And maybe a little bit lower. Maybe around 17 here. Okay, so let's take a look at that This would be our trap. All right now We don't know that yet if we come back down here and see sellers We're gonna break it probably most likely we're gonna break it and we're looking for the move back down to Bottom of the range shirt first here. Okay at 12 Yeah, and we can even come that would be a nice one right there I you see high liquidity at 10 here And we may even come back down to about this 08 here Okay, just by just by reading Structure and volume and also liquidity in here. All right, so Let's see here pretty strong buying bring it right back up to where it dropped from here Let's see here. Joseph should be coming in pretty soon. Let's just take a look Good morning, Rob. Good morning Bert Let's go Daniel. Okay. Yeah, so anyway guys like I'm we're talking again about kind of structure and I Identifying who's in control in certain areas in here and it basically still no matter no matter like Well on this time frame from the open here buyers are still in control Okay, there's no question about that The the structure though is getting up up above here is is looking kind of weak in here Here's where we see it on a smaller level Sellers in control Lower high okay, here's our high is up here. Okay, here's our lower high Sellers in control Okay, lower high Sellers in control lower high and again sellers in control Okay, so and this is these are just pullbacks in here right now All right, so we want to see if maybe we can come back down into this kind of 12 area here and Yeah, we're looking for it here All right, let's see if we can break it here on some selling. I I do not see sellers in here right now Not looking too good Right. We want to see not we don't want to see buyers here like this No or buyers in here. We want to see stronger selling in here. They got to come in here They got to come in at 14 and a half And push it here. All right sellers. You got it. Let's see it See if we can gotten get only not only to 12 and a half, but I want to see 10 It was the cash open was somewhere around here. Oh eight, right? Okay, so there's our 12 It's already traded through 12 and we're just about at 10 Nice stop run there. We would we would assume that guys I that was kind of a complex process there and I'm trying to do it quickly because I know Joseph will jump in here Oh, there he is. He's already in. Okay. Good morning, Joseph So anyway, we're looking for that move quick move into 10 And I just went through a lot of stuff really quickly in here talking about different structure structures who's in control and then You know looking on the on the doubt on the backside of this who's in control and and looking for them to test These buyers in these areas in here. Okay, so the move more or less took place. We came a little shy of our Came down to well it came down to one one tick away actually 11 traded at 39 10 and a quarter But that was the concept here now, you know Look, I wanted to see it trade into this 10 liquidity and it just didn't quite get there but that was the the concept and the idea here by reading the structure The volume in the structure and then also the order book within the structure Where is that liquidity who's on the other side of the trade? Etc. Joseph, I don't know if you're if you're speaking. I cannot hear you. I See just put in a bunch of charts. Okay, so this these are trades that That you took today. Okay, great Whenever you're ready, Joseph Okay, so I guess Still kind of waiting for Joseph which is fine All right guys, well, we'll take a look here. I mean again like a Look at these areas in here now even at 10 You know, there's still an argument here. I mean, there's not an argument. It's it's clear buyers are still in control from this move Okay, so This turn had this breakdown here has turned into a trap Right, so recognize these structures in here Recognize these traps it happens again and again and again This is the selling in here. This is the buying back up above it Okay, if you can't see I mean, I think it's visually visually clear In in book map and what it shows here. You can see this transition take place And you can see the buyers up back up above here. So now we're looking for them to take it back up to maybe here 23 maybe back up to 25 Right, so we're back up into the range in here and You know again, these aren't trade recommendations. We're just talking about structure. Okay, so well, let's see Are they gonna buy off of this here? They're gonna support it here Okay, are they gonna pull all the way back to here at 14 and a half But we're back up in the range here and we see some buying buyers come in here Right, so we're looking for them to take it back up into these areas here All right, this is a false or this is our breakdown and in the trap and the move back up Okay, Joseph. Joseph is having some mic problems. He Is working on it in the meantime, I'll do my song and dance here, Joseph and stick with our Our move back up higher here Okay, now, you know again, we these aren't trade recommendations We haven't talked about trade management, you know account management any of those things. These are order-flow ideas and Look at these things go back and study them So and then how you want to manage them? What is the timeframe you're you're trading? How how many contracts can you trade or how many shares or whatever? This is really kind of key To understand then you need to wrap that around your strategy Okay, and and that's how you're gonna First find that edge and then wrap your trading strategy around it Joseph is an expert at it. So He has many there you are Okay, so Thank you for waiting me. How are you bruce? I'm doing well. How are you? Good. It was a good morning. So we're gonna Star right away over here with Uh, can you see my monitor? Uh, yeah, hold on a minute here. Let me get to that Yes, we see it Okay, so Uh, first of all, thank you traders for being over here This morning we had several plays in the small cap land As you know, I trade futures crypto big caps and small caps, but The plays that we had this morning small caps were pretty simple Uh, big caps still have to find the direction this morning. I was looking at yes first main dip bounce Then seems like we are holding the support 3900 So I started focusing on bi vi Which was a main failure this morning and I also Over here want to share There we are. I even wrote this for you guys That's the reason why I shorted So we started shorting over here Uh, I posted some charts of the team this morning so that you can understand the process on bi vi Uh, so this is a small cap company This company, uh, let me see over here The stats for this company, it's a micro float uh, came out with the news over here of Uh, top line results. Basically, it's uh um, a phase two clinical trial Uh, this stock can never trade a high volume days. So we don't have, you know stock with A lot of baggies. Also the float is a micro float as we said so less than three millions And the company has no revenues The company has cash for less than 12 months We have also dilution We're talking about a big atm and shelf And the plate this morning was exactly a soak. So this morning I posted this I shared also on the stock room Uh, what and why we took this so now we can cover it Uh, we were looking at this 480 And uh, this is a plan of 480 Why 480? Well Can go back over here on the daily chart And we are looking exactly at This point of interest And this point of interest so two main resistance levels Over here we can see that we topped Over here we topped and then we started like to fail So this morning once we Had this push 480 we can see a rejection. This is a beautiful starter for our trade Okay Then over here we can see The price started to Find the resistance Into this 460 area which is All this Big selling pressure that we have So the price stalled into this 460 area around eight o'clock So around this time More over here 810 more over here 830. What does it mean that every single time We are having pops into this 460. I could really see it on the tape was so clear You can see over here was pushing and then right away seller were jumping in And then again, they were trying to push seller were joining it Once it started the 930 It simply dried no more buyers volume dried up only sellers. You can see over here also I believe this was a nice sweep breakdown of the four dollar area key area Wash Another breakdown over here the 390 385 wash and it continued this till our 350 And this 350 is the main target. So I cover everything over here into the 350 My average this morning was around 470. So we took 1.20 per share Not a bad trade Explained the full process on this and you know one trade like this per day is It's just what you need to do The point is we had other two main setups like this. So you took them all Bi vi I wouldn't really look enough for any more stores along. So we have to simply Wait, we had cdu and again Book map was the timing I want to go over over here one second and Let me see if I can find for this one second Okay, of course I'm over here bruce turn off beautiful beautiful italian Okay, beautiful beautiful beautiful italian. I love that. So Uh, there we are Okay, I found it So what I was looking on cdu was a Short into the highs Why this okay, remember this stock? Trader heavy volume in the past So, we're talking about a stock that trade even days with more than 100 million volume. A stock that for the last times we had three main gappers and two times close green on the day. So, it's not the usual simple fader. Over here I was looking at the stats of the company. We had over here news, C2 space executives executes multiple launch agreement with space X. This is a pretty common news for them. So I went to see the previous news that we had about this company and I also look how it behave on those gap days. So, if I go to check over here the gap stats, we see that we had three times gaps and I'm calculating over here gaps above 30% in the last three years with at least five million volume traded. And average I have daytime was 1202 and we had an extension average about 37% and up on one of an average 15%. Average of range $2. But a point is this stock gave me a blow up at the gate. So I'm not in this stock huge I short over here this area. I was waiting this morning the 426 to load the boat because I was looking to short into this daily level. Once we had the main first over here push, you can see the push into this high liquidity area. They started really to fade all the way down. We can look at, for example, this is a good way to trace C2 from one of my members. You can see over here the good timing of also here the execution. So looking for the main push and then unwind. This unwind came, you can see with this big selling pressure, again big selling pressure. So every single time on this stock, we are breaking a support. So here, here, here, here, it's simply dumped really used. You can see over here all these main sellers, the great dots over here are main sellers. So these are the main faders that I like to trade during the morning. Now what I'm looking for is, I'm going to put this over here, is a possible recycle level to reshort if we have a push spike to 360 area. We have a main support 320. We're going to look for the last target 293 dollars. So we can continue to look at this tape and the other flow over here. Then we're going to also talk about I'm array. So this was a good pattern. You can see exactly over here exhaustion into heat map. For now, let's stay on situ. The main target I'm watching for this is around 350. Joseph, on that, that's a really just beautiful move. You see those main sellers, Bruce, are so beautiful. This is the correct way to trade it from my friend, also the radar over here. So you can see the first starting of the sale over here. Then once we break this 398, this is the main level of distribution support pattern over here starts washing. And this was really fast in about 10 minutes over here. We faded like 70 cents, 80 cents, not a bad feel really, not a bad feel. So pretty easy morning looking at these setups. Everything that we saw was a good short. I'm just curious. I mean, I see that he's exiting at those areas on the way down, which is good. I mean, it reduces your risk. It's getting out of here. Yes, it's excellent. I'm just wondering, because you catch these moves all the time, do you also scale in to those moves? Well, I would say there are two different ways to trade. One way is more like scalping like this, and more like recycling like in the chart that we've seen. And another way is more like this, one hit, put your stop, and looking for the fill. I would say that, especially when you trade small caps, when we have high volume, it's good to scale in. Because often, and I'm telling you by stats, Bruce, we can hold certain levels and then this can push back up. So of course, if we don't scale out at certain levels and take profit, sometimes we can take a beautiful trade and then we can give back everything and get back to break even or even with a loss. So I made a strategy where I have preset calculated by stats, average of targets. So I know that we will hit this target for a certain amount of times. More targets over here that I'm not having on this chart, but that I have on my brokers, that we will hit by set percent of time, so that I know exactly what I'm trading. I made also back test with my friend, Chris Sari, and we back tested all the gaps that we had in the month of August, all the gaps, Bruce. And I'm not talking about, you know, stocks that are opening and extending without a gap at least of 20%, not 25%, 20%, but all these gap are above 20%, 75% of them actually was 74.70. In the month of August, they closed right on the day with an average extension at the gate of less than 10%. So Bruce, knowing this, knowing that three stocks out of four will close below the open with a maximum extension of a 10%. So we're talking about the $4, maximum this will go for 40% of losses on average. So it could be it goes 15% or 5%. And it closed right on the day, we have an edge to look for possible shorts. Also, we have to know that in certain scenarios, if we hold certain specific levels on the fail, we can simply bounce and not have any more than fail. That's the reason why I like to scale out at precise levels for a precise amount of shares, which is part of my risk management. That's just music to our ears, Joseph. That's excellent. You have your data from all of your over the years and your strategies and moving averages and pullbacks to moving averages. And now you have, you know, quantifiable data that fits into the picture as well. I'm just kind of curious. I have to bring it up. And then, and then what you at that point, then you look at book map, that's where you're going to get. Okay, now they are moving in that direction. And that's where you're going to get the edge. So you have your bigger picture edge, but you don't know when it's going to happen. And then you look at the order flow to give you the edge on when, when that's going to unfold. I'm just kind of curious about some of the data in there, like it's a bigger discussion. However, worthy, I think maybe another time. I don't know about, okay, what, what small cap stocks, what look over here, for example, their flow, this 74% close below the open. But these are all gappers. These are all gappers, though, right? These are all gappers above 20% with at least two million volume traded. Got you. Okay. And so it's really good. Are the SSRs as well? It includes everything. SSRs as well. Okay. Um, what is the main point? I'm not really here. Traders, if you know me, I'm, uh, I'm always honest. I always say what I think. Um, I'm not here to tell you, take book map or buy book. I'm not that type of person. If you want to do it, if you don't want, uh, just follow what I'm telling. But this morning you can ask it, all my members in the room, three out of the four trades we took on book map. We had the plan, but the timing was all time with book map every single time. Uh, this is the has that I had. I call this straight over here. Exactly this rate. I saw the risks of 175. My assistant told me 175 when he had a level to trade. We showed a 171 with timestamps and everything. Uh, we saw 165 support bouncing. We stopped in the money. I didn't take the second one over here. I miss totally honest with you, but this is the setup that it's in our playbook. And when it came, just when I saw the heavy set, when we see the heavy sellers over here on book map, see do BV, I'm array, all giving me the timing with book map. So I always say one thing to whoever asked me, what is book map? And I always say is that it's basically like driving on the snow with the snow tires and then a lot of traders ask me, Jay, is it important to learn the tape or more important to order flow? For example, yesterday I had a mentor in student. He asked me this and I always say, well, in trading, you have to learn the tape because, you know, you have to learn a level to the routes, uh, the market makers have to, you know, spot, but then I put next to it for an hour of lesson, the level two, and I recorded the level two in times and sales with certain brokers to show him what he could see on the best offer, the best, um, I always say, uh, bid and, uh, also what he could see in the depth. And he told me this, wow, on book map, I can see, you know, 20 cents away that I have a main support. So the main support we saw on the daily chart is confirmed by for example, let's say this on your level two, you cannot see this until we don't go over there. And sometimes you will see hidden orders. So unless you stay there and stare at the times and sales, you won't see this while bookman is just like, you know, uh, easier way to do it. Now you trade one stock, doesn't matter, but if you are like me, that you're trading multiple assets, you're looking at multiple stocks at the same time. Trust me, when you take two or three tape and you stare at them, uh, for hours, your mind is going to be fried. If you start a Monday by Tuesday, you're not going to make it until Wednesday. With this kind of, uh, software, I can look at eight, 10 charts. Feel good. I just need, you know, to look at one second. I know what's going on or what went for the last two hours or four hours. If now I will come over here late at 1040, you know, a lot of traders that I, that I know that I talked to, even on socials, they're not full-time traders. Okay. They're like part-time traders. So they asked me, Jay, I can only trade for me 11 o'clock. And I say, you come over here at 1045. What can you see? We're still looking at our chart. Of course you have to have a strategy, a game plan. And then you're looking over here. Okay. We have this daily resistance. You start looking at the past, what the stock did. Did it run? Did it fail to when it ran to a specific pattern? And then you see over here, what? Okay. I have this rejection over here, this possible rejection level. Two times, actually three, we already rejected from there. So you know that if you come 11 o'clock, this will be your only trade that you have to look for. You're going to have a three, four, five cents risk. And trust me, you're going to have at least three or four hour return, even with a 40% win rate trading a system like this will make money. And that's the main point. Okay. And this morning I was with the few guys and girls talking about the stocks that we had. We had I am array. Uh, I'm array, as I said, is not an easy fader. Uh, yes, we had a big rejection, but you can see it's still holding by 1030 until this main 175 fake break or 180. I'm not going to touch it because this is my rules. Then we had over here, see, do see, do no words, just simply faded from the morning top over there. And, uh, we started shorting this over here between 420 and 410. My alert came for 23. What happened on this fader sellers, no buyers just hold it. And then we had BB. This was a pre-market fader. So you had to be online around 630 to start making a plan on this because this is seven from the top main target over here. So we had three stocks that literally gave us the easiest set up that you can trade. So you asked me how you can make money. This Bruce, this, so this morning when I was trading this, I've imposed a screenshot on book map to show you that I was doing that in real time. And I shared all my charts. This was the exact timing that we started to look for the field. First, I showed over here, I stopped 5 cents, anticipating that move, and then I showed this and it took like 1.20 now, maybe 1.30 bucks per share. Of course, I scale out partially during the field. So if we have other stocks during the day, I'm not really interested in trading them. We already had our plan as 1040 days done. But of course, if you are a trader that trades only midday or comes, you know, in the afternoon, you'll need to look for other patterns, which I trade. In what I use, here's a game plan. So strategy, of course, you need also risk management because you cannot simply trade every single stock, different dollar price, different stock losses, size with the same size. Okay, so same number of shares. Of course, we'll risk 10 cents. I'm going to low, let's say 20,000 shares. I'm going to risk 50 cents. I'm going to use maybe like 2,000 shares. Okay, I'm just making an example like that. So this is part of risk management. Then, the last thing, you need the time you have execution and what I use bookmarks for this. Okay, and this again, I don't give a damn about commercial to stock, really, for me, it's just like stupid. But that's what I'm using it. That's what I see. Six and seven figure traders in my room are using it. And why? Because it's reliable because it's on point because it gives me a low risk. The point over here to see this as a main entry and what is a main change? When we have rejection, you start seeing sellers. Why? Because it's also a strategy that I teach. So I showed 172, 173, 171. My risk is 175. So between three and six cents. And I know that my main target in this case was the 150. All right, I'm only risking, let's say, an R and I'm ordered to make between two and four R return. That's the point of all of this. Give you very low risk entry points, low risk exit points in order to have multiple R return. It's all this repeating this with self-control discipline over time. Bruce, is it clear the process? Absolutely. I mean, the, um, I just want to mention, like, I mean, you come up with so many, you have many different strategies and then you, you go to book map to look for the timing and to understand what's going on in the order flow as kind of the final element. I've mentioned it for years. I mean, for example, maybe you're a fundamental trader. You can look at your fundamental, like analysis, then just simply look at book map. It's like, when is that in line? When is the, the tape or the order flow in line with your fundamental analysis? That's a strategy right there. And, uh, so yeah, you're, you're basically kind of doing the same thing with your quantitative data. Uh, and you also, you have your moving averages, you have your pullbacks to moving averages, um, you know, your faders, et cetera. Uh, but then finally you're looking at the final mile here of when to get in, when to get out. Um, yeah, I love it. I love it. It's great stuff, Joseph. Thank you, buddy. Thank you. So let's go check now the big caps. Also, we have ISEE, which is really a stock debt. Uh, I don't want to say I predicted. Otherwise, you know, it seemed like I'm so cocky. Uh, but the point is I apply the strategies. Just this Bruce knows me. This is, uh, 930 first deep into the jail as we start pushing yesterday, we had this, uh, long pattern. Uh, this is the, let me see over here. This was an example of how to take, I think it was this. Yeah. How to take the long. So looking for that long over here. And what I like about ISEE is that liquidity is really the liquidity. Yesterday, it's traded like millions of volume. We had a push from the open from $12 until 16. So in about a few hours, this went up, um, four bucks per share. And this morning we, we see a consolidation. So we can make a support over here. Okay. This is the previous high you can see over here that is a level where we rejected, right? 14, 14, 20. And this morning we dipped actually we had a fake breakdown that 14, 20, then started like balancing. At the same time, what do we have? We have our trend line. Okay. So we're looking at the bigger picture over here. We're looking at the pattern. So what I'm going to trade over here, my plan this morning was clear, or I'm looking for dips too long, or I'm looking for this 15, 70, 16, sorry, too short. I didn't long. I missed this opportunity. This is a beautiful fake washout. Um, I saw already over here this morning, this, so I would like to show you how to trade a washout. So if Bruce knows, he knows, sorry, he knows actually I trade, for example, on big caps, a pattern that is called on the over that is basically this. Uh, I have to be very honest, smash the bid helped me so much in finding and perfecting this. My friend smashed the bid. So huge prop to him. Um, I was recognized, you know, we give to Caesar, what is to Caesar. So he helped me very much in defining over here, this pattern. And you can see also over here, the huge amount of buyers stepping in from this dip. And that dip is the previous day high. Okay. So come in over here and look that pushed a huge amount of volatility over here, because in about traders really few minutes, three minutes, we go up over here, like one buck per share. And now it's what is consolidating. So I'm not really looking to trade this inside this range. Uh, I just need to wait. We'll be probably choppy or we were heading over here, as I said, for that 1570 16, because it's a previous day resistance. So we could be looking for a main push that area, or again, I'm looking for this level of here to get a bounce lock. Okay. I'm just staying for those levels over here. Uh, let me see over here. Yeah, this is, this is a, it's not my trade, but it's a very good example of, for example, scalping it. This is ISEE in this case, this trader shorted over here, the rejection this 1530, which is also Bruce, you can see this level over here off trend line and also over here, this is the level we can see exhaustion. I generally like to see more, uh, I would say or a breach into the resistance or into the heat map or a heavy seller just above. But over here, the execution of the trade was perfect. The trend line was there. Uh, sellers came over here, not a lot of liquidity on this push. So shuffle, shuffle. Also over here, I believe this was a nice sweep, uh, pattern. So break down the support boom wash, bounce rejected, rejected in another wash. I didn't trade personally this morning. So I'm still waiting. Let's start a look at Tesla. This morning, my plan was Amazon, Tesla meta, wait for a breakdown and then looking for a short. Tesla didn't give that. Instead, we had a bounce on that trend line. So for now, I'm simply waiting. Amazon is still inside this range. So we can put over here a 50 minute chart and we can see what I was watching. I'm looking for a break of this trend line and fail in a range. No trade for me. Okay. I'm not shorting here, covering here. I'm not buying here, selling here. I want to see a breakdown, retest and then short. So very specific analysis and pattern. I like this morning. Mita Mita had a beautiful breakdown. It's not really starting to trend. For now, I would like to see more like a contraction of here, the pattern and then looking to short of here and looking for the breakdown. So what we can do, we can put up here, right here, meet up and we can see for a possible pattern. By the way, you see what happens when you start watching something else. I am a Ray. Let's go back to a one minute chart. Another beautiful set up short over here. So push again to this level of resistant 170 175 break and then started to fail. I'm not short on this. I'm waiting, just holding C2 and holding over here. Here are the small positions. So we're going to continue to follow I am a Ray. We're going to continue to follow over here. See do we are continue to follow meta. We're going to look also for intraday scanners. So if you're going to have another, I would say a few other stocks that run for now, the main gap for this morning is I am a Ray for 34 percent. But rather than this, all the place that we start trading already faded. Okay. So we have to wait. We'll see nothing else at the moment. So we had also QNRX was an extension this morning. I took a few scopes out of that, but it was easy to borrow many platforms. Nothing that I'm really interested in trading right now. I'm talking about QNRX. BV is still unwinding right now is 350 started to unwind from that 480 top. We could see even 330 or three today. Zero sideways. It's holding this level of 330, 325. So just patience over here and I'm a Ray. I'm not sure right now if you shorted, hold it. Why also? Sellers every single time we get in that spot 170, 175. We see sellers here, here, here. Very simple. Very easy. It's like price exhaust that demand above 170. And we have radically more sellers jumping in. May thought we have to follow this day. There's no doubt. Think it's the most interesting stock. If yes, we'll start unwinding. Now we're creating this distribution pattern over here and we'll be interested in shorting this today. As I said, only if we break this trend line and we start looking for pops. OK, so I want to see a trend line break over here. Rather than that, no trade for me on meta. We had a setup this morning, but I didn't take it personally. A plus setup. You see the price is stalling this high liquidity 157.80, 158. We're previously around 1030. We have this rejection. Watching for a possible rejection this area. 158. Sellers over here joining. Just like before, we topped in that 158 here over here. Let's see if we can have a stall of the move exactly here. So surely with very minimal risk and then taking the fail. For now, we're still the front side of the move. You can see that each bar is making a higher low. This spike means that at this top we have sellers joining in price is still holding. Let's see if we can get the 158. Cedar is bouncing over here, traders. So we have a short around three sorry, 415 on Cedar. They removed over here the main resistance. We're going to be looking if we can get a pop into this 358.360 to recycle some shorts. That's a good into the area. It's normal this time we have the liquidity slowing down. A lot of these Cedar BB already main faders, even here in our X, we had an extension, then it started to fail. Like now is this 360 resistance. So we're going to look for 357, 358, react to short. On Cedar. So once we have a first entry that was this level of here this morning, then of course we have always to consider how much we're scaling out. And then when we add what is going to be the new average and the last target. Just if I still can't get over that statistic that you found on the gappers. Yeah, it's not every month is like this, Bruce, but August was simply crazy, simply crazy. So always we had so many faders. And also, let's see for how much we extended. So I can share over here the process is very simple. I mean, it's not that super simple. We can back test it with so many factors, but we can take a look over here. You know, I say I put over here the last 30 days, maximum $50 stocks, at least 20 percent. We can put even 25. Let's keep it just 20 percent. And then we can calculate over here. Stats. Oh, sorry, I didn't do it over here. Last 30 days, perfect. Apply. Yeah, we had about 74 percent. So in the month of August, actually the last 30 days were done. 57 faders, 20 stocks that extended. The maximum. Sorry, my bad, the maximum extension average was 19 percent. And the high of day time was generally the first 50 minutes, 50 minutes. I was gap 38 percent. Wow, I have a good volume. Seven million. Tell me, Bruce. Wow. Thirty eight percent. And then a very in only seven million in volume. I'm just kind of curious, Joseph. I mean, these numbers, like to me, like, you know, do you kind of wrap a kind of a viewpoint around that? That, you know, a lot of these companies that aren't making much money, but they're kind of scrambling seeing that the market's going down. So they're going to just try to gap it and then try to gain as much as they can before the market in general starts to go down. Yeah, we can filter. And this is a very good point per institution or per show flow for so many things. So what I like is generally Bruce looking for what is the average of percentage of unwind for all these companies. And what I do is I just click on the price over here. Sorry, I just click over here on the stock. I go check those days. I do a little bit of research because I want to know what happened intraday. That gives me an edge. That gives me an edge. Otherwise, trading, not knowing, you know, if we have in this time of the year, in this cycle, more bullish stocks or bearish stocks, it's very hard. You know, it's like trying to long Tesla if we are below certain supports, always below the VWAP, fading on hourly and for our chart, I mean, you will have so many stop losses. So you have to understand which cycle we are in. bullish bearish sideways volume liquidity that we have market volume and also float. All these things together give me, I would say an edge when I trade. Of course, it's an edge. Doesn't mean because I have those stats, I will start shorting. No, I need that entry point and that when the strategy takes, I would say, takes really form. Yeah. Yeah. No, really, really great stuff, Joseph. In fact, you know, I would I'm going to mention it now and just kind of float it out there. I don't know if we have time maybe this month, but maybe next month. Do in the afternoon East Coast time, at least, could be early afternoon, we could do a workshop trader workshop together and how to build an edge or how to build a trading strategy. OK. OK, that would be that would be perfect, Bruce. I mean. OK. I mean, yeah, just it's just a thought. So anyway, just keep it in mind. Yeah, give even, you know, more, I would say. Tips to traders, not only beginners, but also who wants to become a better trader, an advanced trader, because right now this trading is all about statistics and using data. Yeah, yeah. And then finding when, you know, you have something on the chart, you have the other traders going in that direction. And that's what the order flow is all about. Exactly. Exactly. What I like this morning, look over here, this where it was on C2. Yeah. Here, this break of support over here. Once we broke the support, we never claimed that the web. So these faders that we simply start on one start unwinding with massive sell off. These are the best stocks for me to trade. You know, simply you see over here, the the selling pressure. Now I'm looking at the big picture over here. I'm looking at this point and we'll have to see over here, this stall into the 60 recycle of partial and then looking for more and wind down here. So let's see if we can get this set up formation. That's the reason why also I put the fibs over here. And we're falling over here, C2 for this possible ad. I think that three sixty, three sixty five, Bruce can be a very good area where to recycle short. So we'll see if we're going to top. If we'll have like confirmation by book map is rejecting again from that three sixty, three forty eight. I want to just like a few cents more. Ideally was looking for the fake layer about over here. Actually pretty good rejection just into the top three fifty nine was waiting this three sixty. So not add, not recycle over here. I am a race starting to bounce. So we're going to go back one second. I am a race. So this this morning was around one seventy one seventy five. So we can put our levels over here one seventy five. One seventy here is where we saw sellers all morning. I'm only short over here if we get to that one seventy one seventy five. We're now one sixty. They found sixty thousand, fifty thousand over here in the bid. Pretty testing. So no ad for me over here on I am a rating as the new high of day two eighty point seventy is also main daily resistance. OK, I'm a finalist pushing. Let's see if we can get a good point of short. So looking at the bigger picture, we have an ascending triangle and we're doing this pattern over here. So the main point for me will be looking for short into this one seventy seven. We have some heat map over here one seventy and then before one seventy five one seventy six. So waiting for the one seventy five one seventy six. Everything before is only two scalp. You can see traders there holding on here the bid one sixty eight two points that I'm waiting over here. I want to see if over here we will increase liquidity one seventy if it remain that resistance one seventy five one seventy six. So no strong buyers for now. No main sellers price is stalling. So I'm not taking action over here. No low risk for me entry level. So waiting that one seventy five would be the best pattern. Joseph in YouTube there someone is asking about maybe Fubo F U B O Fubo. Yeah. It looks like he's mentioning people are really starting to pump it on Reddit. I'm just I'm just very curious to see if we see anything from that. Let's check over here one second Fubo. We're entering the stock in the past. So I don't know how it moves pretty good. Let's look at the four hour chart. So we had over here a parabolic move. Made of August. Yeah. From a four one hundred percent move faded all the way down. Yeah. For now I don't see anything this morning also we hear basically stuff main rejection of the four hour chart. So if it consolidates the next days we could have another push but for now I don't see anything. OK. Thank you. Let's go back over here three days on I am a ray. Again decided to wait for that one seventy five. This is the level of today. These are the levels of today. Sorry. So we're going to do like this. This is a four hour chart. So all morning we're testing this one seventy five. Let's also look at CEDU. You see we're having finally that sweep just right now Bruce. Nice breakdown. See the breakdown right here. All right Bruce last few minutes any questions any questions readers. Not in YouTube and let's jump over to discord. No I think we're we're looking good Joseph. OK. So today we covered management of the positions. I'm a Ray CEDU. We went over BV. We went over META Tesla. Also we look at ISEE. We saw the plan. We saw the stats how they are important trading we saw. So how and when to use the timing of book map to take the decision of an entry. The main point is best setups today happened for example a short to trade in pre market or in the first few minutes out of the gate. We saw this month at least the last 30 40 days three four of the stocks fade before 10 25 the high of day and then fail and become red on the day. The main I would say stocks to continue to look for the rest of the day in small cap land are CEDU and ISEE and I am Ray. Some good movers for the big caps and Tesla no trade for me today on big caps. So I simply waited yesterday. We trade short META and I think that's all for today. Bruce anything else to add. No no great great session Joseph. And I just keep in the back of your mind maybe some trading workshops in the near future. That'd be great. All right. So we will organize that traders. Again thank you for being with us. Thank you Bookmap for every single week to give some amazing content. Put a like traders. All this is free. Bruce is working a lot. Bookmap as well. So thank you very much. See you next week and take care. Bye bye.