 Good morning traders. Can you hear me and See my screen if you can just if you could type in the Advanced webinar hashtag advanced dash webinar Chat group there that yes, you can hear me just type yes Okay, thank you Dario. Okay, so looks like everything's good here. We're projecting correctly and you guys can hear me okay, so Welcome back to the advanced webinar And today we have J trader stocks trader will be live trading. This is part of the bookmap education We've been offering it all for free in here in discord for the last couple of weeks During the holidays and we kind of have to make a decision of what we're gonna do here We're gonna continue to do this or are we going to go back to our? You know making it only for our global plus subscribers the reason being that we that we do that is we You know want to filter out like in any kind of like a Questions here that that people have on like oh, hey, what are what are those big dots? You know or what's what's that colored heat map? So these are advanced webinars We've gotten some calm comments already on some of the YouTube recordings about these advanced webinars so the You know saying like well this this is You know too much or it's like is there something more basic you can point me to and That's not the goal of these webinars these these webinars are for your continuing education for order flow and and trading so That's this is kind of the cutting edge here So that is for our subscribers that are very very Involved in depth with book map and how to use the product at a higher level so the educational that courses that you get with book map when you subscribe is you get the Education course that's online. It's four parts if you haven't watched it. I Highly recommend that you do so first and then come to these webinars parts one and two at least to begin with And even the free one there's a part one is free So watch that one and then come to these webinars that will still provide a nice foundation So you understand book map and will answer a lot of questions up front And then yeah, we'll go through all of that course content in these live webinars That's the idea here so you can apply what you've learned from that in the live market It is forward-looking education Not hindsight One youtuber said it's foresight and that's that's exactly what we want to do we how you know Yeah, science. I can work well for some education to go over the point But we got to see it in the live market. We got to be able to apply it What we've learned in the live market or otherwise. What's the point? So that's the kind of education we offer here with these advanced webinars And there were some questions about this. I'm gonna you know kind of go over it in in some detail here Let me share my screen doesn't look like I'm sharing my screen right so hold on or am I can you guys see my screen? Yeah, yeah, yeah, I am I am okay Yeah, it's working Okay, so I'm sorry about that. Let me let me go back here to the advanced webinar room and the Let's see where did I leave off here on the Yeah, these advanced webinars so you know We're you know going going through that course content in this live market so so you can apply what you learned the What was it? There was a comment a few comments from the you in the YouTube chats there About more how to use it and we're you know, that's helping your feedback is helping We'll go over more like order flow at specific levels You know looking at and understanding the order flow at these specific levels It might be volume profile that you're looking at it might be just patterns Like you know sideways consolidation a breakout pattern a breakdown pattern It could be a head and shoulders pattern a flag whatever it is those kind of patterns like We said many times over, you know, we don't care about The name of the pattern etc. It's just kind of nice reference What matters is the order flow within it that is the key here and that will make your trading much much higher probability Because if you can start to understand the order flow within those patterns You're you're going to understand if it has a higher probability of working out or not much higher and you look for and that's where we'll go through these scenarios in those patterns of What a high probability scenario looks like so I think one of the comments was it was ariana About like this. These are not foresight. They're not like forward-looking. It's at the moment well, you know the How else are we gonna know if if it's not I Mean we have to read the order flow we have to have that edge and we don't know if that pattern is gonna work out or not So, you know, you can take a blind shot at it, but that's where you can get the edge of like, okay Take a blind shot at it may or may not work out. You got it, you know, it's kind of 50 50 but if you have the Kind of confirmation in the order flow. I think it's more like 75 25 or or better That it's gonna work out. Now, you know, we never know. It's Is trading is risky. There's always risk. You got to take that risk risk is a big part of this industry And it has to be taken. So anyway long long-winded approach here To get into the What we're talking about with J trader live live trading is a part of this education And these webinars I just want to show you where these webinar recordings are So that you guys can Look them up if you like Okay, and review them. They're all recorded. So go to book map comm slash YouTube And then scroll down here. You'll see the pro trader webinars selected webinars features and components order flow education And then they're here recordings of a live streaming here And yeah, you know, go through these you can always, you know, review them and you know Two and a half or one and a half to two times the speed to go through them rather quickly So that's where the you'll find the recordings of these Anyway, let's jump in here and start to go through J trader He will come in soon and probably about five minutes or so And we'll pass it over to him But there's a few things I want to we want to go through first. It's nice it kind of gives us a little bit of Time to kind of go over the markets in general and then J trader will jump in here and we'll turn it over to him Let's go through some disclosures as well and get set up for Joseph You have his contact information here. I'll put it into the chat If you want to reach out to him so you have the links here You don't have to copy it down and then we got to go through the disclosure. So this is important Please listen because we Are very serious about these disclosures know what you're getting involved with here. These are for Educational purposes only it's in demo mode for example. So Anyway, let's read through it All book map limited materials information and presentations are for educational purposes only and should not be considered specific investment advice nor Recommendations live trading is in simulation demo paper trading mode and strictly for educational purposes Live trading executed in simulation cannot accurately represent realistic trading performance Risk disclosure trading futures equities and digital currencies involves substantial risk of loss and is not suitable for all investors an Investor could potentially lose all or more than the initial investment risk capital is money that can be lost without Jeopardizing one's financial security nor lifestyle only risk capital should be used for trading and only those with sufficient risk capital should consider trading Past performance is not necessarily indicative of future results. All right, so I went through a bunch of different stuff in here Tomorrow we have Scott Pulsini futures trader. I want to just good morning, Joseph Joseph is already in here So we're gonna pass it right over to Joseph, but I do want to go over a few things in here Just on the higher time frame. Hey, not just looking at book map here Although we do see some nice stuff in here coming down into levels of liquidity here And we see the move back out in this S&P. I want to go over the higher time frame. So this is so important to understand However, you're trading like it does it whatever trading method it is if you're volume profile trader, you know Or you're like a pattern trader. Well, here's your trend line It broke but then it's coming down into these wicks here and we drew this up several days ago and We know that there are buyers down in this area here. So today we have a green candle here We have a big wick and a green candle Okay, so that's not a surprise We would Anticipate there to be some buying or some covering on this higher time frame. That's why we drew up the box So let's take a look at the hour chart and yeah, you know, you know, this is these are the regular trading hours here And we can see that The the hour chart just coming back up to what is it? This is yesterday here. So I believe right Yeah, so anyway, let's see if we can get back up into This level up here 4610 and then maybe a little bit higher and You know try to get back up into these ranges back up here on the daily Right now in the 15 minute not really seeing too much. I see sellers just coming in again here So, you know, we need to get we need to see the buying come back in and breach the top here Above 4600 and then we get that move maybe to 4610 and then even fill the gap up here on this one hour chart Around 4650. So that's 50 points away. I Don't know if we'll get there today, but we need to see buyers back up in these areas up here so Let's take a quick look at book map and I have this sweeps indicator on let's turn that off for a moment and Yeah, you know, we just see a big cluster of buying and selling up here. So Don't really see an edge yet on the higher time frame in book map. It's nice to see the buyers come in But we'd have to look for more buying not selling in this area and you can see they're really bashing up each other here Back and forth here this 930 cash open right now. All right, so enough said let's turn it over to Joseph and Let's see a question here Not you're not seeing anything. Yeah, you're not going to see anything in the chat room here This is only for the chat. You need to click on the advanced webinar voice channel And then you click on the streaming You know Icon or like, you know the streaming channel in there. You should see it and then once you've clicked on that and you're looking at it Go down to the bottom right hand side and you click on the button to pop it out And then you can put that on a different window or a different monitor And then you can then click on the hashtag advanced dash webinar And then add your chat comments in here in questions, etc All right, so sorry a Joseph taking the time away from you here. You're in a little early today. So you kind of caught me off guard Let's let's take it away Joseph Can you hear me buddy? Yes Okay, so let me connect over here to my Screen sharing All right, you just give me a Check over here a confirmation that you can see this fine. Yeah, hold on And let me get it recorded as well. I'm gonna I'm guys this is you know This is a popular webinar if you can only have 50 people in here I'm gonna also rebroadcast a Joseph's screen here. Okay, so hold on a minute here There you go. Let me see here. Hold on. I need to broadcast my screen now Okay, can you guys see my screen correctly? As well. So if you if you can't join Joseph's live stream there join mine It's gonna be the same information. All right. Okay. Yeah, go ahead Joseph. Sorry. Take it away. Okay So good morning trader first of all I'm Joseph. I Trade small caps big caps Futures options and also cryptocurrency. So we're here today with Bruce. We are looking at BB IG I'm gonna explain two seconds why I'm looking at the stock So when there is liquidity and volatility, those are the best Stocks were to say make profit This is an overextended play if we look over here at PB IG we have First push. So this was day one and then over here We have a day two and then we have a day three and then we have a day four So every single day You can see that the Stock is opening Above the previous day close over here is opening above over here We are just slightly below but we dip into the j-lines Over here we open above and this morning we open definitely below because this was the Close of the previous day and we open it over here Now on a 15 minute chart you can see over here the first Exponential moving average, which is 72 89 exponential moving average, right? and then over here traders we see the 200 exponential moving average, right? So you can see the trend is completely uptrend I'm not looking to short this day this day this day So a lot of traders these days were calling the short Now as I said, unfortunately, I don't hear any more of those traders And hopefully they didn't blow up But that's really the point of starting shorting thoroughly in the market. So Mary really the trend start to look for the Trades where you can take a very good long very good long And then over here in the j-lines and also over here. We had another where was yes This over here was another very good long This morning finally we cracked the j-lines and I called in the room this trade over here exactly 534 The chart that you shared that I shared over there for a few reasons that I'm not I'm gonna that now I'm going to explain First of all, this is the first consider red day in terms of opening and the gap down. Okay, so this is the open This was the the close. So we are opening gap down and I'm going to move in right now to a Bookmap chart and a one minute chart, okay? So by statistics, right? So when I'm saying statistic based on A hundred of data over here When we have an extended play I'm looking always to get into a level where I have this pink band over here And then I see confirmation of the timing. So that I know that is the zone too short And I'm looking for a timing over here So I'm not looking really for adding to my short. I'm not looking actually to I would say Skilling in okay, I think that that it really damages you. I'm looking for the pinpoint entry Full size loading the boat and then looking too short So when I'm looking for these trades I know that my risk has to be limited Okay, so I'm not really looking For a 20 30 40 50 cent stop loss and I'm looking for a five in a 15 stop loss for a five dollar stock In this case, I was risking that 540 my entry is over here is 533 and 534 Now why I entered there so we explain about the zone, but also we need to explain why I Said book map was useful. Okay. For which reason we here was useful So if you're looking at this stock You can see two main things each dip was bought in And was bought in each time with a fake with a breakdown. Okay. So the first open over here with a breakdown And then dip was bought and right away Uh climb back up So this is called fake breakdown or beer trap And again, I was not looking too short over here because it's not in my pink carry And then we had the second breakdown over here And when I see that again, we're holding making even our lows over here. You see this dip. This means exhaustion of the sellers And then over here they're bought back up So we don't have any more sellers over here that they're printing But instead we have over here reversal. So we bounce back up At a certain point we see that we break we break a break and then over here we start breaking this high at 530 Exactly 530 is in my area where I want to short And when I see the top that's exactly where I shorted over here So not a bad feel for then Taking this trade all the way down But was I 100%? Okay Was 100% sure of the stock to work? No, that's the reason why I was using this is Uh protection. I have my range. I saw sellers over here And I saw multiple sellers joining at 530. You can see that after we joined the short And again, this was called in in the room life We saw a big heat map over here stepping in so sellers stepping in And then we start forming lower high lower lows until this crack at 516 Which was this level over here this micro support and boom Fail now to 497 I'm holding two-thirds of my position And I'm low. I'm holding for a possible big and wine today. So I don't really have Let's say The need to cover early Even because right now we are below the main point of control, which is around 510 And you can have the same point of control. We also be here on book map. Okay Uh, if you look over here at the heat maps, we have a huge amount of sellers at 530 528 525 So this is like stacking for me Wall of sellers up here We have support 490 45 480 474 Even if I see the support, I'm not scared. So it's not that. Oh, I see the support I'm gonna get out because no We remember we have four days in a row that this is up trending. So surely we'll see some support over here Okay Of the buyers, especially, but you can see it here that we sold it. We sold it We sold it. So once you take your first profit, then hold your trade Now this is a stock that I'm focusing today So we'll do like some adding over here if we have the possibility and this is on paper And also I will look to see if I can manage and have some entries or reentries on my other live accounts Now, uh If you look at this stock What it has is a ton of volume every single day So even if this is a small float, so below one billion float Sorry below one billion market cap and it's a small float It's still traded a huge amount of volume. I mean yesterday this traded more than 250 million volume Okay, 250 million. Well, that's a ton of volume And when you have uh, this kind of volume, there's not only one big player There are a ton of big players over here. Okay Okay, so even over here, we saw some big players selling in this area Doesn't mean that we cannot have a big player over here. Now we'll push this back up All right, so remember this high volume Uh, we are in a small float A small market cap. It's not a billion dollar company and we have uh, this kind of uh This kind of um, uh price action, you know that we can have like big players both ways Okay traders Also, if you have any question over here right in the advanced webinar room So let's continue to follow price action right now I'm not putting any more to stop at 534 like he had And at the start I'm looking to trail more if we break the vweb So if I start seeing for example, this kind of uh Push over here, I'm gonna trail another one-third and then the rest one-third over here about 520 So I'm giving it time to work That's very important when you want to trade a stock for the bigger picture And looking for the first unwind day Okay, so this is on the hourly you can see on the hourly That The long started exactly over here Each day higher volume This was the first cup that we had for uh buy buy buy buy look over here And over here, we have a first pull back over here still not a confirmed back side. Okay, so we need to wait a little bit Guys, are you able to see am I um projecting a j traders screen here should should be working. I There was a question here Dario and then uh joseph. Maybe uh, there's a A question here also for for you that were a comment. Um, maybe uh try the um You see the chat room. Okay. All right. Let me let me let me try let me try again here. Um, so, uh If you could joseph, maybe, uh You're streaming at, um 15 frames per second. Can you go down to five? Maybe Or is that I just don't have it buddy. Okay. That's as that's as low as you can go. Okay Yeah, if you want I can try that resolution 720 But I still have uh a minimum frame rate at 15. I see I see. Okay Uh, that looks like it might be a little bit better. I don't know. Uh, let's see if anyone can, uh, Get some feedback here and let me try to Re-broadcast this it doesn't look like I'm doing it correctly. So sorry about that Little traders, uh, another stock that we have today that I I didn't trade But I want to show you how the price action works on this So this is bev. Okay. It's bev if uh, it's a small, uh Float stock It has ssr on All right, so ssr over here, uh was triggered 293. So basically you cannot shorten the bid They prevent the sec wants to do this always to prevent like, you know, big panic selling And over here this morning we had the news. Okay, so it went up into the 530 and then 520 over here though. So you can see that pop at the gate Rejected and then feel all the way down Now I was looking at bev and I said clearly to members to not take this short because Uh, shorting ssr with high volume and this morning we had a high volume over here You can see really traded 40 million can be a really big uh headache can give you a very big headache But I want to show you what happened Or more advanced traders that are able to take this Then once we had the open so look at this level 510, right? Pop 510 then fail. Remember always put attention at the half and whole dollar numbers This is a five dollar level. So it went up It came down on the same one minute bar And over here we see that once it failed the five dollar level Looked at huge amount of resistance we have above So that is a big sell that wants to Push down the price And from that moment we start seeing like a sell-off So look for those big levels in your chart. Okay, so it's very important to have a cushion like that And right now it's fading. So I don't see any kind of reason why I should long this Or or anything still didn't trade that VVOS Is still holding. It's a small cap and also small float We have a new row Which is simply faded on a day two I'm looking also at big caps like piton, but it's a inside previous day range What I mean by previous day rains This day over here still inside this Rain, so I'm not really looking to trade this consolidation, right? This is a trading range I want to see some trend over here. No trend for me. No trade This is what means to have a straight precise Sorry a precise Trading strategy over here. We are in a wedge also inside the previous day trading range No direction. No trade for me on baba, which baba on the daily Is very bearish We have also papal So each day that Over here, let's put hourly so you can understand better the the main trend each day that Uh It's a I'm looking papal over here And papal is a beer stock like piton Which lost something like 75 percent. Maybe even 80 percent of its value in about one year, uh, baba we have also papal fading And I'm looking only to short these pops. Okay, so when I'm looking at this interday I'm looking to short this with a jail on rejection We spoke in a previous sessions And for now you can see that we're still inside this pre-market trading range. No trade Apple is fading some But we need to see this break on 169. So until yes, and q1 gave us a clearer direction I'm not looking to trade this Tesla first breakdown We have still the support 1016 NVIDIA fading over here. Okay, let's go back on bbig So we continue to hold over here And if we're going to have some other set up We're going to grab a little bit more So for now it's fading 492 So you can see that all these levels of liquidity called heat maps Is not the point for me to cover anything over here So this is not like, you know, oh, I have a heat map. I must cover my trade Because otherwise we'll bounce. No They're like Getting eaten over here So I'm simply holding this. Okay, we had this breakdown hold this And often what traders do is to cut their profits too soon because you have a heat map below. Okay Half a million over here traded at 492 half a million So you can see how liquid is this stock More selling pressure And I filter over here my minimum size at 10 000 shares So what do you see on book map over here traders are only the blocks passing? Okay You can see 45 000 100 000 so I'm only seeing the blocks over here passing Small bounce over here. Let's still lower high lower low So dweck Is one big mover lately Look at Look at the hourly chart So this is dweck I'm not long on this. Okay, so I'm not swinging. Okay. I'm just saying what happened and what my strategy gives me So it's not oh, it's 2020. No, it's really like my strategy what it tells me So this level over here is along by the system that we had This is the main guide So right now I'm looking for a pullback into this guide over here to trade as long And I will see if I have the same setup I had over here. Okay, so I'm looking for that area We see over here. Sorry, we see the The main zone We're too long and we see We had all these dips over here So nice juicy cup breakout Small handle over here. So we have a cup plus a handle. This is really like a a perfect pattern Oh technical analysis and now I'm looking for the pullback into that hourly jailings Nice a lot this morning. Nice a lot over here lower highs lower lows So this is down trending over here. I'm not looking to buy Tesla to the main support Let's start to open Tesla Because we're going out of that trading range Here's if you have any questions over here on the price section. Just tell me What I'm looking is a fail of this support on Tesla and then trading a jail on rejection. Okay, so basically what you see over here Is what I'm looking to short And I would need to then a pullback into this area for a short. Okay. So this just to give you an idea You can see it for the fat for the past Let's say three days. All right We had just a trading range over here on Tesla was basically not moving Was doing this So below the support we can start looking for a short But this is only for interday trading because if you look on the daily We're still holding over here that James the upside That is quite a move there Yep, yep, buddy And look at the back and forth too. Yeah, I mean just amazing amazing swings as well on that daily chart yes I made just this weekend a webinar on the On the swing When our webinar and these are the levels Of our swings. Wow Beautiful Yeah, all those they've same on invader same on btc same on btc's bitcoin same on apple So these are the stocks that I'm looking to To buy and swing or even to buy and invest Uh, but still tesla gave a lot of opportunities over here to trade interday Uh, we need just like to filter them out because we can have a lot of setups and I'm looking for those Trading days I'm looking for those trending days. So you just have multiple brokers and Trading different strategies from those multiple brokers Exactly exactly because I don't want to trade on the same broker Interday or day trading and swing trading or investing because then it would change really my stats. So I try to divide them I try to divide them Do you ever I'm just kind of curious like If you're trading like day trading tesla and you you think Actually, you know what I want to turn that into a swing trade. Do you transfer stock over to that other account? No, okay. No boost. No, I cannot do something like that. It would simply go crazy Uh, no, no, no, absolutely. I tried to keep it very simple. I'll look at it here Uh, this boost was before we had a fake breakdown. Remember we were talking about this Yeah And then over here, we had a first big soak on this one and they tried over here to push it But then seller came in and look this over here really over here. We traded around 1 million or something. Let's see Now 600 around 630 Oh, you see the fake breakdown again So they went to break the 490 right away reclaimed it Over here 230 then okay, if we put the zoom out we trade around Yeah, 5600 So nice bounce over here and what I said before If we stay above the view up, I will trail another one-third So I'm looking how reacts this 510 we can hold the 510 or if we will unwind below the 510 seller 515 Over here we have 22,000 and 515 even a 513 we have a 26 The main resistance though is 530 So don't think we are on a backside traders technically we are yes reversed because You can see that we have over here a pink and then yellow and then blue right And you can see that we are holding that I would say pattern until up here until 550 But over here you can see that everything is for the backside So we change the color of the bars from green to red and also we have the blue over here the aqua below the yellow below the pink Very simple very straightforward moving average trading strategy Exactly it's just combining over here the the zealons traders Knowing the price section order flow and sharp patterns. That's it. It has to be very simple. Okay Like you take long all of this and then you start shorting as we did over here If it works good it doesn't work trailing now in the money and that's it. So for now it's holding this 510 Which is basically my level over here of vweb that we were talking about and also the This yellow line, which is a three minutes j-line. Okay So I need to respect my rules over here and trail a little bit more. So I'm getting out 513 a little bit more So another one third out. Okay fill now 513 right now and then probably I fill the top. Let's see It's about 1045 And we have traded We have traded on this stock already 68 million volume Remember yesterday around 207 280. Oh, that's unbelievable Do you find yourself actually getting finding it hard to even find shares for entry long? uh What do you mean buddy? Well, I mean, I you know, you can look right at the order book there But if if this is being traded the the float is being traded several times over Uh, can you get the size on you're looking for? Oh, yes, absolutely. Okay, you can take uh, even 100 000 shares With no problem. Oh, okay Uh, just looking over here at uh In bbid so I can show you the the old picture So until trader doesn't go right now above 525 I'm not really looking to stop out. So I have over here the first resistance that tells me, okay I'm in the safe mode because I'm only in the money Right. So I'm not sweating. I'm not like nervous. Just holding my my setup sticking to my setup and only my trade So bbid Even the comments that I gave these days on socials. I never said to short this until today Every single day I said stay with the long don't short don't short for my strategy Which is paying less to your pay 79% win rate And over here, this is the these are the stats that we have on uh, um As to trade, okay with For bbid this is a 688 million market cap 123 million float We have a low institutional ownership. So get uh, scared when this is above 40 percent If you want to trade longer interday um and Financials so financial you see that 49 cash Okay, now think that that 49 cash is like uh If you ask your wife, let's go for dinner. She imagine such a great dinner and that's money enough to buy two burgers Okay, so for a company like this Having 49 million cash with a 4 million per month burn. Basically, it's low cash Okay, so don't think oh 10 months of cash 12 months of cash, whatever It's high cash or big cash for the company. It's actually not You should have at least three or four year of cash for these small cap companies to consider them a little a little bit safe Also, if you look over here the net income is definitely disgusting Okay, they have net income of minus 542 million. So they're bleeding Okay, they're bleeding and you will say j. How is the networking? capital Total current assets divided total correlabilities networking capital over here is negative Okay, over here. We have the total assets should be for others total current assets, okay But 336 divided 508 is negative ratio. So they have a net negative networking capital That's the point of the company. So basically what tells you if the company is healthy or not Okay, it's just to know if the company is healthy or not And you can see I mean over here their company is not healthy This is the daily if the health company would be uh bvig Then will be this kind of trend But when we have a company like a negative net Working capital Or a negative net income. This is what you expect and there's already a lot that are two dollars. They find buyers Okay So this is the vision over here on bbig These are the old previous day movers And these are the gap stats. So Uh If I want to look what happened I'm looking over here for days where gap was above 20% Three days failed. Okay And I failed before 11 o'clock. Now, you know that this is a format runner. So this is a different day Well as part of the equation is looking if they have the illusion there is a slower version in a Faster version slower version if you do yourself on shelf sec already on Sec Gov So you go to see the findings of the sec and you start looking at everything You can do a little bit faster over here, uh, even on extra trade And you start looking over here sec filings and they look all this form over here Otherwise when I have no time I just simply look over here bbig And over here they give you a little bit of Background the company you can see the company they say that has it has 101 for months of cash Well, for example, I just read over here. They give us like what 12 months of cash, right? So different um different scenario What we see is that they have a warrants over here not registered. Okay, but they have warrants over here At 330 they have registered warrants at nine. So these are all warrants That will be exercised in order for the company to raise capital. Okay So basically when they have warrants you have to wait for those to be exercised Uh, how you know that is a shell company So a shell company is basically a company that lives through dilution So in order for them to survive in order to bring that minus over here Minus 542 million of net income for a company trader that has basically 688 million market cap. Okay, so they have some accumulate for deficit over here to front They're saying that in the last three times over here, they have convertible nose private placement and convertible again So means this stock lives through dilution Uh, McLoving that was the networking capital. So it's total current assets divided total current liabilities Hope if you have question on this stuff is basically the basic of filings I'm not the best around. I'm very humble to say it. I'm not the best around to Talk about filings. I know how they work Uh, one of the best guys that I know is ricky analog friend of mine. So he's one of the best, right? So this is being honest being serious Now if I'm looking over here the price section at vbig Is still lateral So I don't have any kind of place right now to look at My monitor is up here and I'm looking at all of these and more and more and more Uh, so I'm looking at tesla, but we still need a general rejection. We have facebook. We have nvidia We have apple pitton baba bbig's bev and over here again We have nura, which was a day two gap down play In the meantime, I'm looking at bitcoin and other altcoins that I'm still in And I'm waiting for those Curling small on bbig So you can see the price section over here is trying to curl This curl over here formation. The main resist of 530 525 We are in three-minute zealons vwap at 514 So bruce, uh question from you. I know that you don't trade small cap But that's the the nice part of this webinar Uh Think That you are short right now. Okay, and you're short at the high level here And you are out over here because you took some profit one third of your position one third of trailing So we have left one third, right? How would you manage your trailing right now? So where would you get out? You would get out breakeven Would you get out on uh, let's say a bookmap clear out Would you instead hold with a stop loss? How would you? I would say interpret this Knowing so I have to give you the parameters Knowing that you're gonna look for day trading. So not for a swing trade Yeah, I mean, uh, so The um kind of a Beige or mustard color moving average you have there Um, yes, does it does it accept above that? Uh, you know, I would say I would stay exactly with this level of here trailing because We have over here few things Five actually no, sorry I would stay above this over here 520 because I would protect at least with some partial here of bookmap Which is 520 decent 518 515 And also because this is my main guide for what concerns they took place But you are the the point for me was when you are in the money And you know, you're not in the money like 15 or 20 or you're in the money over here For now about this point you're about 4r, okay between 3 and 4 with the last one third You would look for a break even you will look for a stop loss to give a little bit more wiggle room Or you would just simply trail even faster to lock in profits What your style generally when you look at to trade It it depends. I mean like I mean You know what I look at um is if if this is a really good setup and uh, you know, I believe in the If there's kind of alignment with higher time frame As well as like maybe fundamentals like you're looking at Then this is something that you you've already taken some profit With then you can put your stop loss at overall break even And that would be you know back up above there If not, then yeah Tighten that stop up if it breaks those trend lines Or those moving averages there Then exit Okay Okay, okay got it So in this case if you look over here if I zoom out from my book map I can see that it's pretty lateral Because basically from 930 we didn't really move much. We have the support of 485 And this max resistance at 531 What I like, you know that I still think okay, I can still have that unwind Is I'm looking for over here a wedge and you know that wedge they offer Generally a very solid A breakout or breakdown We have these two main areas So I need to see the breakout of this to get out or a breakdown of this And I'm looking at also this Wall of sellers over here because between 530 and 520 you will confirm over here We have this amount of sellers, you know, uh versus over here, for example So for the fact that I have this resistance over here I'm still more inclined You know to hold my position for the short side And yes having this risk over here 522 so in the money or as you said over here You know putting the stop break even for this reason over here that we have more heat map plays on our side our side Uh, why do you think about the support that we have over here? I mean technically I'm looking at the bigger picture over here. Let's put a five minute chart Actually, I should put this back up Let me see over here BBIG, okay, we have the main support that 470 480 which is this over here And exactly is where the book map is and then below 470. So look below this support over here 470 We have a straight I would say possible line to 450 which is this level over here. So These levels that I put over here traders is not an indicator. Okay. These are only by visual Okay, what I've been seeing these days on book map. That's a point. So Some traders ask me what are these zones over here is like, you know, a volume profile? No, absolutely Is each day I observe over here the Heat maps like today. I saw this at 530. Okay So today I will move this a little bit more down between 540 and 530 this year over here And over here, we said that we have 470 the support over here We have 470 480 that support. So I'm gonna keep this over here And also you can see during the days how these levels react. So for me is really a A union between Technicals and all sort of flow. Okay, it makes sense and like this you have to analyze your chart because like this you really understand And then it's only about looking in the past what happened in order to give you help to determine what's going to happen Probably in the future. Okay, so they always say the history what happened past is not a prediction of the future or whatever But it still helps you because if you see the same setup on 15 times and 14 times or 10 times work in a certain way You have edge Stats that confirm this Okay, what do you think Bruce? Well, well said. I mean, that's exactly it you know it's You've got an edge when you've worked out the And looked at this and studied it enough times that you know, you have an edge a quantifiable edge Exactly and today traders if you look at just the start over here, okay, let you know Put the dots all together over here We have this level of resistance Which is 530 between 540 and why I trace this this morning I even posted on on some social Because this is a previous high. This is a previous high And this was a previous high This was the low over here and this morning, you know, we had the confirmation. This was a previous high But again, I could see from yesterday that on book map This was my level over here of main resistance and look where it came It came exactly to that level of resistance over here So I put this Together with this and I look for that level and that level I press my short So I was looking through risk at 540 Having a 533 and 50 average. I mean it's still working. Good. Okay. I was risking like 6.5 cents Now we are about 20 cents in the money or so Almost 30 cents in the money. So you have a very good I would say our return that surely have like to divide for the Amount of trailing you already took But if we break now this Support of 470 I expect this to go to this level 450 and at 450 you can clearly see two main things over here First we have the previous support We have also over here the 200 exponential moving average, which is my second zealis And we see over here that book map the levels over here. They're not at 440. They're not at 460. There are 450 So level over here. It's so important because it reflects what book map confirms you Well said This is where the traders patience And following the plan and discipline all come into uh Come into effect Exactly exactly exactly buddy Yep, I love I love the way you kind of divide up the chart like that and and looking at these these areas It's exactly I mean those areas of high liquidity. That's it. That's where the buyers are. They're down there Exactly. So we can do like this We'll put this in in the book map room We can put this over here. So level of supply And book map so order flow Confirmation And so we have the 330 340 area too short so that is and We can make also over here This because I think it's important to keep these these examples for the traders Over here we can put maybe it's better right after with the white We can put over here level of supply 530 Not uh, 330. I wrote battery here 530 540 Over here Over here, let me fix this So the next time traders you will Really connect the dots Okay, so this zone over here with this over here Okay Let's make a screenshot that would post over here in the room now I don't get scared because I don't see Big amount of Buyers over here I'm looking ideally to see lower highs lower lows confirmed It's getting very tight Getting very very tight over here Tight means the range. Okay chop. Okay. Let's check one second tesla. All right so Tesla It basically bounced near that 1000 support Seems like a v pattern if I look over here on the book map Oh so Why we have traders That dip So again, you can see this We can see this right we can actually see this Big support over here, which is this gray If I do this gray, I mean I can see this even better There we are big support over here, which is the big support over here and then bounce This means I'm looking for a dip buy to trade long Well, in order for me to buy a long I have a certain strategy I'm not looking to buy this Okay, I'm waiting for A daily chart to confirm for now the daily chart is not confirming yet So let's look at the price section over here back on a one-minute chart So this morning we had a fail over here Almost to the j-lines almost to the j-lines no trade yet. So need to wait over here need to wait So you can see what I use a 70 to 89 at 180 to 10 Uh exponential 9 and 20 that are used over here only in the hourly. So not on the Um On the one-minute chart so Joseph just a reminder to everybody like uh in here In the way that joseph is trading From a top-down approach so As you can see he's filtering for stocks that are moving He's looking for them to be trending hard And then he's looking at uh technical areas for getting involved He's looking for pullbacks in this case He's been he has he has many strategies But like one of the big ones here is a pullback to a moving average or his j-lines And then he's looking at the order flow around those areas To optimize uh his entry And he's he's watching and waiting When the order flow starts to align Then he's getting involved. It's like he doesn't quite know if it's going to hold that moving average or not But he's already done his homework with the Um, you know, he he's already filtered his stocks. He knows that these stocks are moving and he's also looking at them fundamentally Are they like, you know stocks that are worthy of that move or not? Um, and then that starts to set up his bigger picture strategy Uh for his pullbacks to moving averages here Thank you bruce for the Just a recap Because uh jumping in here like we're all accustomed to like what you do But there might be newer traders in here Uh and just a recap here. So it's very different Like if you're if you're trading large caps and like you're looking at sideways consolidation Maybe you're fading outside of the range and then back into the range. That is not what j-trader is doing You know, he's looking for These these stocks are already moving and then he's looking for big moves exactly So as Bev as Bev as we said it as an SSR So SSR has the possibility of squeezing very fast It's not a day one because this is a day three Actually, we could even say day four but day three over here considering this is the first main day Uh This morning we are bouncing on this main support, right? Which is this always this purple remember that we saw that purple over here being the level on bbig The same thing over here. So this main support Is also what was the resistance? Two days ago So now we're bouncing over here and i'm looking Too long yet not yet What I would need to see I would need to see the price closing above this line and then currently over here And then i'm looking for a juicy long Okay I can follow this better on a one-minute chart. I just Have to I would say Um Explain over here The best long that you can find in the market are when the Price is above the v-wap And then we can squeeze because if we will long over here You know that the v-wap we can stuff and then simply unwind over here. Okay So careful always long and below the v-wap or before the break of the v-wap Do you ever um trade it up to the v-wap and take some profit off? Yes, but in the past I learned to wait for the v-wap breakout consolidation above and then taking the long Only because uh, some of those times I got uh, you know, like rejected So I couldn't get out with a profit that I took maybe a loss because it was a fast stuff on that v-wap And in this case today for 47 450 I see Yeah, so the very I mean, uh, again, I I I'm taking kind of a bigger picture approach today, uh, joseph and kind of uh, stepping back And um, outlining, uh, your your trading plan here That's that's a conservative approach, but it is higher probability Uh, that you're looking for you don't want it You know that you can make money like trading it up to v-wap and taking some off and then looking for it and blah Nope, instead trade above v-wap pull back to v-wap looking for the long Um, and uh, it just seems to work better for you and that is your trading style Thank you buddy It's working is working good uh, so Let's go back on bbig. Oh, oh and just just one more comment on that like you're adding risk by being more conservative there Um, you mean on Yeah, I mean the v-wap trade, um, you know, because you're getting in at a higher area Yes, exactly. Exactly. But that this is the trade off that you know, the traders have to have to make and and joseph very, uh, uh, cleanly and clearly made that decision. He's like, I don't want to play around with it up to v-wap. Uh, it's just I'm looking for that that the confirmed trade and then take it Exactly and still we have a very low volume We would need to see traders over here volume above six seven hundred k per minute Based on stats for a four or five dollars Or even six dollar stock Uh, in order for me to take along Unfortunately, when you trade small caps traders, uh, the same I do I filter also for the big caps Okay, but when you trade at four dollar stocks on small caps 100 k or 200 k or 300 k is generally a Fading volume Where the fact is being on red Means that we have over here no power to go for the upside at least for now Uh, if you want to see instead high volume Welcome to bbig So big wash over here. So bbig finally paying off. That's a very good news So well done traders. Well done over here Look what a juicy amount of sellers over here. That's a juicy amount of sellers Beautiful beautiful beautiful beautiful Yep, still going looks looking for that. Uh, there's a little liquidity before that 450. Um, and then uh What is that for 71 or something like that 470? Yes, we are looking for that 70 bruise and if we break that 470 Bye-bye. We're gonna have over here 450 So I'm still holding over here from the first top 5.33 0.5 533 50 average So now what I'm looking at is 450 And 470 level So on bbig because those are the main heat map Uh support levels, okay So be conservative Uh Now the trade has worked. We broke this wedge Now we're gonna put our trailing maximum over here at 5 5 0 5. Okay. So that level over there great stuff joseph But I like to see those sellers over here. Look over here bruce. These are nice sellers. Yeah, that's that's beautiful They're moving it decent amount of Orders over here 182 97 20 74 240 Well, uh, let's look to filter this even more for today. Maybe let's put 19 9 9 Okay, so these are all the big orders over here and you could see traders so start looking at this These are the main levels For 90 480 and what you can see over here. Is it more green or red? Definitely red Exactly So that selling pressure tells me a stay in with the trade Don't get scared Uh, let it work I mean, uh, I'm just kind of curious. I look at your um profile on this one joseph Because I imagine there'll be some profit taking here at 470 I know you're right and I have that support bruce, but I already took two times one third So I'm looking really to hold this Uh for the whole day. Okay Uh, and then maybe tomorrow to add or maybe today to add to this position if it's gonna work So if I gonna trail a little bit more by the time this eventually will fail I have nothing left and then for me, you know, like Cutting if I would do only day trade on this so Starting the trade today and holding it like, you know before the end of the day Until the end of the day, then I really would follow Your suggestion over here Because by rules over here, this is a very good support level That 470 over here is uh Is a place where I would expect some bounce If not, which I would prefer We're gonna have 450. Yeah, I mean that's a lot of selling. Um, it's gonna be hard to kind of slow that that train down Yeah, this is the main support over here Main support this year go 470 They're trying to bounce They're so good. They're so good bruce. Look that look that dip. You see it buddy. Yeah Look that dip This is printing really money right now Yeah, see the the bid starting to kind of show some some interest now Yep It was really a fight over here between between this 475 and this 470 There was really a big fight 475 resistance 470 support Wow They'll wait in here Okay, 468 breakdown seems a bear flag over here 466 more selling At 450 definitely I'm gonna take half of what I have left Because that's really A good first target and we have all traders the 200 On the 50 minutes. Wow What a big sell off over here From that 470 seed traders big sell off over here. These are sellers. Okay 458 they removed over here the support of 454. Look that liquidity bruce that they cast Oh big seller at 458 458 seller beautiful Yeah, that should help push it. There we are. There we are There we are filled at 456 That was likely a real real time, you know ice iceberg. I mean, we know it's high liquidity in there Um, uh, and total total absorption Uh Maybe maybe an iceberg in there as well, but uh, they just didn't get through that at all Someone's selling there and they they just continue to sell on on the offer Exactly I mean, you can see it adding adding more in adding more it kind of was flashing there They were adding more in and adding more in no they're not gonna buyers aren't gonna be able to get through that And there's your look at below 451 What a big dump over here So finally we got that Now I was now I would really expect some bounce Now I would really expect some bounce That's the main level of support 444 Sorry, uh, for 50 we said before Now I don't see support until bruce if we break this and don't see the support until four It's melting down. It's melting down over here Yeah, that that was great. Um To see that that really high supply and that seller on the offer there Um, they were just not gonna let buyers trade through that they were gonna try to get full full position on And they're still doing it. They're at least they're on the offer again pushing Yeah, they're still pushing down. Look, this is really meltdown over here. Wow Nice to see this when you are, you know on the Correct side Now over here if you're trying to buy dips my friend, you're you're really like toast Is that just out of curiosity? Is that probably one of the biggest, um Problems that during your mentoring you you find traders make that error As they continue to buy the dips No, generally I see in small caps Uh Traders doing the opposite maybe trying to show something that goes up not really buying the dips Uh on big caps No, not not necessary for me. The main errors that I find in traders today Is about uh mental discipline. So not respecting the stop loss oversizing being greedy Maybe stopping too early And sorry, maybe stopping too late and cutting wins too early So not giving you enough time to have a correct risk reward at least one or two three one two four We have some very good day trades Those are the three or four main errors that uh buy by stats I see in traders. So it's not only about uh teaching a precise trading strategy Or a correct way to to read order flow But it's also to put in more things together like mental discipline risk management because you know you can be the best Trader in the world like you know, I have a 99% win rate Knowing your book map perfectly taking every single trade good But then if you don't have like mental discipline, you know, you need one bad trade to release Or say erase all your efforts that you did like for three or four months maybe or more Okay traders. So we're already around 11 30 Uh any question I would like to really hear what you think about the Uh, you know the what we had today if you have any comment or questions Don't be over here like shy You know, I already have my wife being like that. Don't be shy Yeah, it's weird. Uh, you know A very strange phenomena like uh, he we jump into discord And open up the chat room So people can kind of chat between each other and ask questions, but and we're getting Much less questions than ever before much less Okay, maybe because they improved tremendously, yeah I mean these webinars are are for you guys. I mean so, you know ask questions in here Uh, I I I've emailed many uh, many of you and Recently or in the past as well is saying like look, you know to go to the educational course Watch the educational course come to these webinars And ask questions. Uh, it's going to be forward-looking and and live trading here with joseph and You know ask questions about it to put these pieces together for your own trading plan And uh, you know should should be a pretty pretty nice education for you guys Exactly Uh So at this point traders i'm not covering Until as I said No, I actually didn't said I'm not covering really i'm waiting for this to melt down I'm gonna hold what I have when I see ideally a two two fifty Uh, so if this will confirm to more to be this heavy, I'm gonna short more pops And looking to recycle a little bit. So Bruce can we wrap it up with it here, buddy? Absolutely. Uh, thank you so much joseph Great webinar and uh, yeah great trading And we'll we'll do it again next wednesday Thank you. Thank you everybody for being over here Um Thank you david. Thank you maxilla. Thank you everybody. Thank you bruce again. Thank you bookmap Have a good day. Stay safe user stop loss always. Okay. Remember I took many many losses in the past For not being disciplined. So be really disciplined. Okay, except to be wrong except being uh wrong and take losses Thank you very much traders. See you next time