 Good morning traders. Good morning everybody, so we're gonna start in a few minutes Hope you had a good morning We're gonna talk today about Tesla We're gonna talk about OCEA We're gonna talk about some faders It was a very productive morning. So welcome everybody. This is bookmap show So today we're gonna work a little bit different. So we're gonna look at Your trades if you have them so you can send them If you're part of the bookmap You can send it to my DM or if you're part of the boiler room and Small cap room you can send it to my DM as well I want to know also what you traded today. So I've seen some traders That replied me this morning. I know you took Tesla and it was a good fader Even if we are in a bullish market on Tesla I saw some good trades on OCEA some good trades on CMMB Morning Boris morning Charlie. Good morning shadow morning then So here we have other traders that took today We have Mike traded a hi and SPCE Swiss traded OCEA and zero RMQ Morning Steven. Good morning Josh Morning traders glad you're over here math trader CMMB Primarket then trader SPCE OCEA and a hi Oh, it's OCEA Tesla Alright, okay So let's start from what we had this morning First of all, I'm gonna go on OCEA It's gonna be my first in the morning And then we're gonna go over Tesla and some other place The key of all this is to share with you and not my whole process because I'm very loyal and I like to share as you know My juice my sauce with my team But I'm here to explain you how to read order of flow And how to read the supply and demand Bookmap is a tool that I'm using since I think five six years already and it's a tool that is Not I'm trading basically only with book map as you know, we've been doing these lessons every single week But it's a tool that I use to give me an edge. What means that's that I have confirmation So what I'm trading today today OCE Tesla add a couple of students over here at the Academy in Italy They come day and they go another day And we were looking at four main stocks OCE SMMB JrQ and Tesla We trade not only small caps, but we trade I would say maybe more than 50% at least in the last months on Big caps and options because the market is very volatile. We have a bullish market So we have right away a question over here from Leo. Hi Jay for small caps Do you think it's better to wait for entries at the order book? Or wait for exhaustion in book map. I mean this is a good question. I will answer you buddy Give me two minutes because I want to share something. You know that I am on Italian time so we are six hours from I think six hours from New York, right? I think should be that and Today we had Let me put over here and today I'm gonna share now my screen This is the boiler room. So we will trade a small caps futures big caps options and At 925 so 925 five minutes before the open I said OSHA 7.92 start. This is the first alert that I said today. So you have like dozen and dozen of traders can confirm this I Said we trading 15% on the first entry and I shared the trade in the room and we added a second entry just at that point over here Over here 7.90 where I'm pointing out, but we are in only 30% of the size Why not full size because essentially it's before the open everything can happen to open so this is The the time over here 925 did the first alert we gave on OSHA this morning and I said traders patience Why patient because if you don't have patience this market the market will kill you Okay If you are one of my mentor students if the market won't kill you and don't respect my rules, I will kill you I'm kidding But the point is actually you have to be patient everything you do. So you're not really chasing the setup You're letting the setup come to you. Okay. Now. Let's look at the chart. There we go so First thing over here 7.92 start at 925 What I saw was the first reasonable selling pressure this morning on OCIE and I Can show you the daily chart. I can show you the hourly chart I can show you confluence of different factors why use the fibs and other things but the main point for me was that You have to look For book map as timing and I would like to know how many traders over here look at book map and tape when they're trading Really, tell me how many tboard, leo Mike Swiss Chi how many traders are looking at book map when they trade tboard said yes because you follow tesla Morgan. Yes Hudson. Okay. Charlie. Yes and Not always you will find perfect setup, but today we had a perfect setup This is what happened before the open so I was here and This is the whole morning. This is the whole morning crazy volume I was saying traders don't trade On OCIE. There's a high volume This is pushing strong making higher lows. You can see over here at this point I think was with Mike and I said traders or with With reamy I said traders over here. We have algo problems because this is We can make Hypothesis. Okay. This can be a A big trader not really this could be an institutional can be an algo Because it was here and then it was propping over here So we just know there was a big demand coming in Trying to hold every single higher lows And when I see this, I'm simply not looking to show the front side How I understand we have a front side over here. Look at that volume over here increasing Just look at the below my screen And look at all those green dots. Essentially, we have breakouts I have the breakouts I have the breakout making our lows and our lows our lows. Okay So my point of view when I see something like this, why have to trade it? And I've seen a lot of traders get burned doing this get burned doing this. Don't do it So at the time I I said, let's try to look for That a plus setup over here. I have one of the traders that I'm mentoring And he treated this with a very small size. Okay, so Getting treated this with 10,000 shears, but he's over here to make experience So what I do often I I gave one of my Accounts he trade very very small or he trades his live account He traded and over here he took the trade not because I alerted But because he saw something that I'm going to explain you right now So we're looking at the first Lower high that happened over here after 915 remember that 1515 is your 915 if you are on the east coast And over here we started seeing this major you can see over here this major blow up Right, this was around 915. So a few minutes before I alerted the trade The price over here was a 10 we started seeing another dip into the 775 on the chart This zone Is exactly where I'm pointing out over here these two bars. Okay So we had that level And this level over here We had eight and seven and uh blew up over here is this. Okay, so this Circle that you see here Is the white circle over here And right mob here So When I saw this I started seeing lower highs here I started seeing the support and once I saw this I saw seller jumping in That's when I said traders 792 exactly here look for a starter The risk is very very small. So we have a a chart of stock that went from five bucks until eight Over here with the top around 815 820 I think actually was 817 818 if not mistaken and sent more or less We got a lower high. Okay. So remember that I saw a big push. I saw a major stuff I saw lower high and then over here. I said, okay, this is the first timing But a point two I'm not making over here any Uh, I would say decisions based on discretionary This is all a process that is based on certain pattern that I classified that I Found and tracked that I know how many times it will work. Where is my risk level ratio matters my rent rate? So I'm strictly obeying to my rules Nothing that is not part of my rules. I'm not trading. Okay All right, so this is the entry and Then we start seeing over here This point So this was sweet We have an open 930 which is this Over here. We had a pop. You can see this small pop, right 930 793 came down And this was fast. This was fast. We're looking at tesla. We're looking at urnq. We're looking at cmmb We're looking at es and some other small caps once I saw this unwind I said, okay over here. We have 715 cover half of your position I think also I wrote in the room, but I want to bring it up So everything I'm telling you is with time stamps And we were trading tesla at the same time And over here we said this cover 715 other 25 percent Yeah, we cover 730 50 percent 715 25 percent And over here Saying the only alert we gave this morning on oshoi is that major sub Now we didn't finish we started over here to analyze the order of flow And one of the main trap that you will see in the market often is that they're gonna on purpose put Uh beer traps They're gonna trap over here They're gonna invite short seller join Longs getting stopped out. So we hear what we have. This is where shorts are getting trapped You sure that the web you get killed You sure the breakdown you get killed This on high volatile and high volume stocks Don't do it. Don't do it. Okay. Remember what jay tells you don't do it Break out over here High volume look over here the volume increasing the tape was like speeding up so fast like boom boom boom boom And then what I was looking was a clear level of supply They came before between 770 and 780 how I know that Well, just look over here. This was the high liquidity, right? So I knew that I had to wait This area here For sure. This is my short area But not because always will be my short area because today I saw Volume trade at that level. You can even put volume profile But over here, I think it's sufficient with OCAE We recorded the morning screen share and uh I've seen Traders asking me when this was going up. Is it short? Is this stuff? Can I short? I mean traders. I'm trading what the strategy is telling me and what the setup is Very patient Okay, so don't be always with the formal. I have to get in on purpose Wait, breathe a little bit And then once we had this Okay, I saw this other Major trap Just above the 780. Okay, so that liquidity over here. I alerted 760 We recorded this So if we ever tells J1RC, how you traded And what you were explaining I recorded the entire session at least the first think 45 minutes before connecting over here with a pre-marking clue. So the first hour I recorded on zoom And on zoom I alerted this point Then once we got a 710. I said, okay cover Between 30 and 50 percent and now you simply hold Okay, very sweet job So I want to know we hear from the room who traded this if you want to share traders You're free to share But this was extremely on point today in a beautiful way really to To close the morning because this was the the third of four stock that we traded this morning Let's see. This is over here. So It's the alert that I gave 760 but as you know, I was telling this Because this is instant. Okay one bar is like one point So I was explaining this In the live trading session You see over there. Sorry for high Spell over here things Because I'm very I need to write very fast trade explain mentor traders over here. So we showed a 760 We are risking 785 We took the first cover 720 half you can see and now we're still holding up partial. So it's a very big It's a very low risk high reward ratio. Okay, any questions? So I'm gonna This was very very sweet Very very sweet right over here. So this was The work of today. Well, let's see any questions. So Shadows asking where you guys full size of starter. No, we were full size over here. I learned the full size Loading the boat in the live commentary recorded Tibor is asking how did you know that there was high volume without volume profile? Because I was seeing buddy the volume trader also below I also run volume profile another screen. Do you see my level of interest? Tibor, what do we have to look for determine the high volume area? Just look really the volume below even the One minute or five minute bars and you see where the high volume was traded How did you spot the bull trap in this way? So just looking really for fake breakouts and the real answer You know, I don't want to be Saying Something just to say the real answer is because I saw this set up Since 2017 16 when I'm trading small caps I think Maybe 1000 times and it's always the same always the same Okay, always the same any other questions Tibor is asking over here talks on bitcoin Okay, buddy. This is more today on book map. So not really not real analysis. We will do that later in the room. Okay I Ask if you have a question over here on book map That's what I'm What I'm looking at. So just one that you look at that This is all book map of the day on Oh say You can see we have the major levels here Main liquidity area down here Okay main liquidity area here main liquidity area here so Down here we have the demand zone Supply zone and again down here demand zone So you can see really how a structure, right? First we have the demand Holding up here and they're actually having buyers stepping in Then one time second time finds a very high liquidity area supply area where we have sellers joining in sellers Use amount of sellers over here And then we have this another high liquidity area around 650 640 that absorbs some of the liquidity over here And shows a little bit of bounce So this is how you have to picture or at least this is how I picture my OCE, okay so Without any other I would say Surprises they should fail all the way down Without any other surprises Let's see if you have a question. I see right here more again I like to go over a question do things together so that I would say the lesson of today is pay attention to the order flow as explaining Okay, so we have a question from Steven I would waiting for volume off the three minutes. Let's be a good long on OCE Okay, so buddy The point is You know the private strategy of the room. I prefer to keep them in the room But to answer you over here now you have to calculate the scenario you are in Although volume right now we have a fader We've been shorting So we're not really looking too long The only long that we had this morning based on really the pattern was a seven jail and curl or also the open on Ahi Rather than that over here. This is not a long no go. Okay, so no go Don't look for longs over here right now. Okay. We have just like an incredible short scenario a lot of selling pressure For now nothing If we have we see we are all below the open level by 10 30 Stay stay short If you're not short, don't don't chase it long not over here. Okay Good morning top dick. So over here Let's see the question I'm reading traders from the the chat room. So you can look at the question we have How do you use book map with level two When the fake out happens, do you also see level two correspond with an imbalance on the bin to ask volume? Good question And I can tell you that for example traders top tick is not a beginner Okay, so use an experienced trader Looking at ocie or looking at tesla this morning Or looking at what else we traded. I don't know if somebody Traded cmmb with me to this morning I know Matt for sure But you know, I also saw up here The point is this You have Really few seconds when you're trading stuffs So when you're trading something like gonna see high volume When we have these bull traps or bear traps, even if you go long, right? So you have a fake breakdown like over here this level at $7 690 715 you have a Bear trap and then a pushed upside You don't have often time to look at charts book map times and sales Maybe select there your your shares It's quick one or two seconds Okay, one or two seconds like you have to decide right away and that's the reason why you know traders Often they don't get the right timing because maybe they have I believe that a lot of traders they have an incredible understanding of the price action Which is not hard, you know to understand It doesn't really matter if you have 10 years of trading or six months of trading price action You can learn really in two months very very good The point is to make altimatism so that you take the trades very very fast personally When I'm looking one fraction of the second and my chart just to Uh Compare book map to the order flow I'm done I don't need extra Things to look of course when I put my order I always look at the price that I have on the level two And I also enable the level two that you see my fill or my order Being on the ask if I want to short or in the bid if I want to long generally add a liquidity So the answer is Fraction a second to look at the chart Just need to look at book map when you place the trade you want to see On your montage when you're level two We replace that if you're getting filled But you don't really need to see like this morning. We had that I remember eight dollars We had a huge amount of liquidity stacked on level two. I don't really need to see that I already have over here on book map It's Just a double confirmation. Keep it very very simple. Okay, then you can tell me j I prefer to look at level two your opinion I like uh book map because I can spot In one second three or four stocks what they're doing With the level two, it's good. I teach how to read the level two times the sales All the spoofing stuff thing On the tape, but you have to think about this You're trading one stock so you can see the tape from the opening to the end on a stock. That's fine Imagine now you're trading four stocks four Uh tesla os a meta amazon On four stocks, you have to look at four times in sales Now you won't look times in sales at all the prices, but at the key levels, but still that's a lot of a lot of work Book map it shows you everything at a glance in a much easier way That's a point. Okay If I answer Uh, correctly traders just tell me I mean if if you understood Okay, so ocie is bouncing back up and now I believe I believe That we're gonna have a little bit of pop So what we're looking at On something like this Ideally we'll be looking for a pop into the 720 730 Right now this has very low potential To push it to 720 730 and now you're thinking jay. Why why are you giving those numbers? right Why are you giving those numbers jade? Well, we have some liquidity over here. You can see 770 670 690 $7 But if you go up here And I start looking at my chart. I wouldn't look where the chart had some support before Where the chart has some Liquidity traded this area why Well, look at this. We had a push from the seven so a bounce We had a bounce over here the seven And then there was a lot of selling coming from the 737 40. So this is my area Okay, this means if the price will get in as close as possible between the 77 30 I'm going to look for another short on this. So that's my plan very very easy to spot Okay, guys and gals So this is for osa e We have also tesla. So, uh, a question over here Good morning. How soon? How do you control over trading? I made a blog about this So, uh Take a moment to go read jtraderco. It's free. You have several, uh blogs A lot of these blogs I wrote in For small caps for big caps for options I explained my losses my errors however come my errors I made also some podcasts with seven professional traders Smash lass ricky And other great traders The point is to give knowledge Because a lot of the traders that I meet and I I put myself there when I started I was really discouraged because everything I tried for a lot of time was not really working This doesn't mean that there's no good strategies out there. No, there are The point is you have to find what works for you. Okay um A lot of my friends are professional traders. They have great strategy But it works for them. It may not work for me Okay, it's just like I'm saying Uh, Hudson, you know, I think that The girl is beautiful And maybe you tell me they did that's not my type. I don't really like that And I can really go for that good So you have to find what really works for you. You have to test it track it And when you find something simple, you will see that everything is so that easy So when I'm trading I know I have a playbook I have a playbook about 10 12 strategies That when they those strategies come into play I simply pin the interest Pin the interest boom This morning I was showing cmmb ocea e Uh I was here trading with some traders and I shared what they did. Okay The entries were on point. Perfect. I can share one Let me see This is one of the the traders And we are looking at He was looking at he was looking at he was looking at this. Okay. So in this case, we have jr and q simple setup risk overall ratio is great because he shorted the 225 So you see that he didn't really over-traded. He waited that point, right? The point of not over-trading means you have a precise playbook That's systematic trading He waited the the the trade he was risking no more than 10 cents the first cover 25 cents is 210 25 percent 210 so ready getting back And bringing down his risk and then it's one nine is already three are in and he's already 75 percent That's a profitable trade Okay The point is to repeat this every single day To repeat repeat repeat repeat repeat and don't do errors That's how really you become Not I don't want to say rich quick because the point of trading is the ultimate point is being profitable being consistent And I think when you say about becoming rich and all this you bring away the tension To what's really important that is learning a strategy becoming a good trader Of course, then a good trader will make millions But it's not a point of trading. Okay. It's very important for me All right, let's look at the next one over here. So we have another question I like the question today. Thank you You make it more interesting So we have charlie On book of moj I keep svp on right side help spot where it might run to again exactly So charlie, thank you for seeing this buddy Um I shared a lot of times when I have over here svp Okay, so you know that you have a lot of features that Usual one what is current or the book? Right, then you have session range volume profile Session range volume profile. So we can put it here svp svp This is your svp. You can put also show point of control of the chart and you can put a color I don't know why I always like this light blue over here and And now you see I'm going to make it bigger. I know that my numbers could be a little bit small for you This is a 4k resolution resolution chart I put even some zoom So we can see where is the high volume traded Okay, where was the high volume traded over here? And if we put this We can really spot over here This level. So we're talking about the 720 like I said before We're talking about over here this level the 760 And then also over here. We're talking about this level Into the eight seven ninety eight dollars. Okay, so that is Uh a good way to spot Okay, the high liquidity areas good point over here by by charlie The shadow is asking Can you also suggest how to check in emotion during trading? this morning I Was talking to a trader I mean you will say jay always talk to the traders Now the main point I was talking to trader because he had a tough month And not really for trading his trading is very profitable And I told him very proud of you But he told me that he has to take uh some weeks off to solve the problems in his life And I call the process of the day trader. What is the process of the day trader? Imagine that Everybody everybody is up and downs in the life Okay So you can say I'm overwhelmed by something that is happening out of trading or I'm overwhelmed by something that's happening inside of trading I have emotions that come from out of trading wife husband kids father-in-law mother-in-law taxes rent health All of that Even if you don't think about it, even if you think that oh, I'm not really thinking about when I'm trading You have to know that your mind your subconscious still influenced from that because some is bringing some emotions So when you're trading right now All that I would say adversities all that negativity all that even preoccupation you're gonna be Having this I would say state when you're trading is not really pleasant It will influence you Okay, the only fact that for example, you have to pay taxes. You have to pay a rent You have to play your mortgage Of course it will affect in trading. You're with here not because you like the charts You're here to become a good trader by the invention to make money so that brought into trading will be really Overwhelming could be overwhelming if you don't know how to manage it and uh also could be Of negative impact because you will create formal expectations You need to make money. So you get in faster quick errors getting out losing money So that's very very important. The second thing is the emotion that you have from trading so the stamina the adrenaline the stress the fatigue All of this it really matters into trading So I would say when you're like into trading not really following into alerts, you know I want to join the room taking the trade with you guys But when you want to trade this a little bit more with participation Then I suggest you do like card activity in a sport to improve your endurance Okay I like uh jim I trained from already 20 years I Do still a lot of cardio I've been doing my life a lot of taekwondo, martial arts I was doing basket I'm not that tall so But the point is I always did like uh cardio basketball training training together with weightlifting Because you need a way to really release your stress Count down your emotions Raise raise really your serotonin. So makes you feel better and lower your cortisol Cortisol is the hormone of stress The more you stay on in the computer in the office the more your stress level will raise Don't do it And then I have what is called the process of day trader So when I'm trading I have a list of questions that I I gave to my mentor students and it's something so cool. I'm gonna repose this in the In the mentor students over here And it's about all the questions that you have to ask when you're trading For example, do I have FOMO? Am I rearranging? Is the size correct? Is this the correct setup? And so on This is extremely important because you're here to become a professional trader Even if somebody's over here to take one trade, I will consider a trader like a potential professional trader I've seen and I'm very proud of Woman in the room She is from california and she started, you know, like Just I want to See how I do I have my family have my other interests But eventually she liked it very much that she decided to become a trader. She's not professional yet She's working for dad. But a point is that she's doing All the things that she has to in order to become that successful So you build this really day by day Okay, it's very very important and I I told to to this woman Actually, she's very young. So to this girl. I said think bigger Reach higher and never settle Focus on your goal and stick to your plan. Okay, so this is very important do it traders And really your trading will scale up Okay, so Let's see if we have other setup Coming up right now I know I know I know some traders over here are messaging about tesla. Yes. Yes. Yes So Waslist Okay I'm sharing my waslist and I'm sharing two things over here. This is from the seventh of June Price was 225 224 Long-term bullish medium-term bearish short-term bullish plan long cost to 25 And then on the ninth of Of june Sorry, not this pardon. This is the one of today You hear my friends my pardon, pardoned one Ha ha once I knew friends now not anymore. So probably christopher He's from bills and he's laughing right now. So the The was list over here of the ninth I said tesla bullish continuation plan on door. So this is a bullish plan calls Target 265 then 300 This morning my a plus setup plan was only for the long System gave us a short So what means follow always a system I have this tesla up. You see that over here. I have only tesla. No ciae Because tesla. I think I this is up from years I never took it off and This morning was very very choppy The first 50 minutes out of the gate was very very choppy very very choppy I had levels over here this one I had this level over here And I had this level over here first level of supply Okay, you can see it here second level of In this case, okay, we're talking about open. So it was still supply and over here. We had in this case level of demand so when we opened We had a first trade and this is the only trade that I took this morning The students out of it here have to be more specific We showed over here pop and fail one of the set up that I love 276 popping over here boom down two points average out And then we had a lot of range. So we were expecting over here to push. We tried a long 20 cent stop And then look what we had we had one of the setup that I love to trade jail on rejection Um Breakdown of this level 274 breaking of this level over here 274 Once it broke this level, you see that the distribution pattern started to make lower highs lower lows Major unwind major unwind So this is important to understand that the market You have to have your plan plan a and plan b The system if you know the system that we use in the room was a perfect short set up Area this morning when you have that set up simply trade it and look to sizing with it. Okay Um What happens also over here? Let's see any questions Okay, let's see any more question traders You can see multiple levels of demand Let's review together the price section see some trade over here reaching out in dm. So this morning As we were saying we had A first pop into this area. You can see it popped and it dipped Again into the support Then made a higher high and a higher low Lower high higher low higher high higher low. So we have Not a series of higher lows and higher highs, but we have more Contraction over here the volume you can see the volume gets lower And after this wedge you can see this is a wedge pattern We had a breakdown retest and then started to fail Fail until this major support to 65. So when this was fading We were looking for the 265 and then 260 support And then again another major distribution pattern here This one where you see Same lows And then over here lower high lower high lower high lower high. You can see a major solution pattern Break down of this level 265 unwind Right We'll say beautiful price action here. Now the target will be 260 So look for that major area over there. No, it's not coffee. Thank you, Jordan. Good morning, buddy Nice work over here from One of the mentor students on this is the timing. This is the time that I want Perfect short on ucar extension play Very very good trade over here in timing Amazing work Well done, buddy Well done So bookmark right now only 260. I think it's pretty easy to understand bookmark here breakdown Sorry breakdown and distribution patterns. Okay, so breakdown Distribution patterns distribution patterns When you know, it's a distribution pattern when you start seeing lower highs, but then only on the crack and rejection Crack sorry crack and rejection Okay So remember you want to look for the distribution like this And then you want to see a crack and rejection crack and rejection Crack and rejection. That's the same usual setup. Yeah, t-bar is saying over here A good consideration I believe yesterday was another way around but seeing this happen a couple of times already exactly So we had days Of extremely high volatility on tesla bullish trend extending Runner this came from the 165 it went to the 280s And now it's pulling back into the 260s So i'm looking for a possibly of 260 or 250 as a main dip support Okay, so my main demand area is going to be for a bounce play To add to swing position 250 Sorry 260 or 250 so again, I'll be looking at 260 nothing until there And that'll decide if to buy a little bit more Okay, but still I'm holding swing long position on tesla No reason for me to to sell today or at least on the swing account Let's see over here if we have other questions in the So trigger is asking what kind of system I use so For stocks and futures use trend following and trend reversal For futures i'm using also an automated system where I have to do nothing and Uh Basically it works on several different type of futures Shadow sorry, buddy. I was not looking at that I was looking at this morning. So This was my plan on spy. Let me see over here Okay, these were the levels that I had on spy. Uh, let me bring it up And I'm gonna share my plan. Okay, so everything I'm sharing exactly what I said that I think this was we can look it together This was at 826 new york time. I said plan long-term bullish medium-term bullish short-term sideways Why because the price as you can see over here in the last Few weeks Didn't really move too much from this 435 and 438 area So I said this morning. What's for a reclaim of 438 or 440? So this uh key supply area before taking a long position off On fail of our jala. So this great zone The next target is going to be 435 or 433 This air down here. Okay, so Looking over here. Uh, let's put up our spy spy There we go So we are saying or reclaim of 438 Where we are 438 for 40 before taking a long position We simply failed and I said on failed already jalons which were at 437 436 Look for a fill to 435 433 We got the 435 I believe we still have potential unwind till this 433 this morning Okay All right traders. Uh, so we are at Yep 1120 again book map tool that I use strategy share the trigger code for future small caps and big caps options Uh, I'm going to also see you For who's following the pre market on monday morning at your trigger code on youtube Reach out if you need take care user stop and hope that you gain some knowledge for today Reach out for any critics comments always here to improve and teach you the best I can. Thank you very much