 Good morning traders and welcome to the bookmap live trading webinar today with Jay trader. He'll be in shortly He's finishing up his trading room. He does offer mentoring and educational services so You can reach out to him. So we're gonna go through some live trading education services the so Exactly how he trades what he looks at how he reads order flow and this is all for stocks All right, so you guys know who Jay trader is. Here's his contact information. I'll put into the chat I need to go through the disclosures and then what we're gonna do is we're gonna dive right into the S&P e-mini and we'll cover that for about 10 or 15 minutes before Jay trader arrives and then we're going to Turn it over to him and do some look at some live analysis and live trading opportunities for large caps and small caps With Jay traders trading strategies So the general disclosure here 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 and 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, let's jump in here the S&P selling off here Nice strong sell-off here and let's just zoom out a bit more here Gapped down and continues to the downside here. Okay looking for high liquidity right here It's just about to hit it a lot of selling just coming in right now Okay, let's just take a look here and see what's getting filled though on the downside Yeah, okay, so it looks like they're staying in the order book and starting to transact here and Bit of buying a little bit of a bounce here, but looking for 58 down below. We have 478 contracts down there And 55 and the figure down here 4450 All right, so that's always down so 11 points away We can get there in a heartbeat though if we see enough selling in here You know the volatility has kind of dried up. I mean it's not as volatile as it was some months ago I recalled a 10 minute or I mean sorry a 10 S&P point move within a minute or two Or maybe even less. I mean it was just Incredible, you know it was like moving like the DAX So, you know, I kind of like it when the S&P is like that I mean you can really get hurt, but boy you can make a lot of money as well So let's just take a step back here and We're gonna go over the No, it's not crypto trading drew today. Yeah, FOMC later the meeting minutes at 2 good morning, Jeff and the Yeah, J J trader sometimes he does trade crypto I guess we can take a look or ask but yeah, he's mostly trading small caps and large caps Okay, so he's always finding something that's moving if the large cap isn't moving. He's gonna trade a small cap Okay All right, let's see what's happening here. Hey, we've got the move and An equal low here. I mean we still sit stay, you know to the downside bias here until we see structure broken and You know something that tells us Differently here in the order flow and we don't see that yet Okay, what that might look like or unfold we go through scenarios here in the order flow So we'd be looking for buyers back up here around 61 and a half or so And then they can reach maybe 64 Okay, so else it's just you know to stay with the the trend here But we look for the trend shift and change in the order flow and what that looks like we go through it all the time Okay, what what this might look like So anyway, we can see the The selling down here not so much not so much. We did make a lower low structure is still Trending lower here. Okay, but everything's starting to kind of slow down a little bit So this is pretty typical around 10 o'clock So let's see if we can get some buying in here and just get maybe back into a kind of range bound trading here for a bit We'd look for these buyers to come back up and test kind of the highs of these ranges in here Not much here 60, you know 61 and a half like we said earlier and then maybe this 64 ish Level right here. Here we go. Let's see if we can get enough buyers in here just to trade up into those areas here And we're just you know slowing down looking for sideways consolidation or trend continuation here So we're not we're not quite there yet With the buying but we're starting to kind of note it here. Okay, the the one a Couple different factors to take a look at number one Look how on the way down large liquidity is getting filled especially down here and Then we look at Is there still more selling at lower lows here? Well, we made a lower low here, but not a whole lot of selling So that's that's a change. Okay, that's something to note Now if we get down here at 58 and three quarters and we start to see a lot of selling Well, then look out, you know, we're looking forward to trade into 58 and then probably down to 55 and then and then some Okay, so anyway, that's what we're starting to see in the order flow We're up at our 61 level. We're looking for a little bit higher here 61 and a half But you can see it's starting to test the top of ranges already Okay, we're looking at this range earlier up here It kind of made a lower low here or lower high here, but it already tested that area And let's see if they can get back up here and test it again And then maybe break out and then trade up into our 61 and a half And then maybe they can get up into this liquidity up here at these levels Okay, so let's look for that Scenario to unfold and what it looks like. Hey, well, what we're looking for is buyers up here Okay, green dots. We're looking for a skew in the order book. We covered in detail yesterday the skew in the order book and Understanding that I can point to that Let me show you that if you guys we have new traders in here. I just want to show you where that is on our YouTube channel so you can go here to our YouTube channel and It was this one yesterday how to read the heat map on book map or in book map here Okay, and in the way to read it now you can see like we didn't get our buyers up here and we rotated lower We never even really broke the structure that we're looking for I mean, you can see it kind of tested up here, but it never broke it Okay, so we're looking for buyers up here and then we're looking for the push Nothing happened. All right sellers came in and where did the sellers really come in? Down here at the low see them auctioning here That's when we look for the break Interesting algo in here. Let's just take a look at this algo in here. Okay, did they get filled? Yeah, they did they got filled and so there's someone in here that that bought A pretty high liquidity in here And this is that typically this is an ignition algo is what it's called But in this case, I don't think it is trying to ignite any sort of stops I think that they're trying to get filled there and chasing the market because they stayed in the order book and they transacted and this is a big distinction between that and then I'll go trying to shift and imbalance the order book and Try to get price to go up artificially and that would be more like a spoof Okay, so yeah book map captures all of this kind of activity even on low time frames or high time frames You'll see these even on higher time frames Okay, still stay to the to the downside short side until we see something different here Okay, we just came up and tested where it dropped from here See look at the this beautiful retest right here to where these sellers initiated that move to the downside Then this this covers a concept in In order flow, it's really essential to understand and this is auction market theory Let's just make the volume dot size bigger in here. Okay, now we're gonna look at a small range in here But it's really Important to understand this this dynamic in here first off. We're still making lower lows in here Even though I'll be it's by a tick or two. It doesn't matter These concepts are scalable. They're fractal. They'll work on higher time frames Do we see it auctioning up here? No, there's nothing happening up here and There's no trading up here. Okay, we can even look at our volume column over here There's nothing happening up here. Well, we find sellers in these areas in here and see it's right in the middle here Basically, but then one tick lower. It's starting to auction here So they drop it. There's more sellers. There's more selling pressure and you get we get price exploration just for a couple ticks here and Then that we kind of retest retrace back up and go back and forth in here and then again ask the same question Is it auctioning up here? There's a little bit. Hey, there's we see a small green dot up there. That's about it though And most of it's right in the middle here and there's not too many sellers down here either a bit more and Then the best offer comes down and we do get a transaction down here So it's starting to auction down here, but at this point, you know, we don't really know There's not a whole lot auctioning down here. The bias would still be to the downside And we're just talking about in fact we can dim the heat map here yesterday we dimmed the or It took away the the volume and just talked about price action and The heat map. Okay, or the liquidity supply and demand Here we are looking at Just volume and price structure. Okay, so now is it starting to auction down here? Yes Okay, so we're looking for more sellers here and then we're looking for them to sweep the order book lower here And then and they follow through This concept is No different Then any of these other time frames basically Okay, so what you can you can carry that forward Into all sorts of time frames here. Good morning, Joseph. All right guys Well, we'll have to we'll have to cover that maybe another time But understanding where you know, it's auctioning and looking for a drop And I think we talked about it. I Can't recall maybe it was in this little area here and we we saw it on a on a on a little bit higher time frame So we're looking for the drop Okay, so look for that again and again and you'll start to See follow through Typically. All right. So anyway Amazing day shorting big big tech stocks. All right, let's turn it right over to Joseph and guys I'll get to your questions in YouTube and In discord there, but let's um we we're here for Joseph. We're here to go over stocks and some live trading so let's do it and let me jump over here and Joseph you can share your screen that'd be great. Well, I can't hear you Joseph Just a minute guys. We'll get there Good morning, Bruce. Good morning, everybody. Good morning, Joseph. How are you doing? Very good. Wonderful week, buddy. How are you doing? Doing well. Yeah, it's a dreary weather here. Just just really dreary rainy dark gray So, yeah, beautiful spring day So what Joseph are you are you sharing your screen? Yes, I'm gonna start right now. Okay. Okay. Let me know Bruce if you can view book map and in video here Yes, I Got it Okay, so welcome everybody new lesson will be here glad to stay again with you and Have this wonderful market So I'm gonna start few seconds just with a recap of what happened this morning think that's That's important over here To see what was the the watch that I was watching Talks that I was watching futures and also Bitcoin So this morning watch this over here. Yes, I had a main support 4490 Know that Bruce talks about in pre-market About yes and futures. So I was looking at this main level of demand now level of supply Basically because on the hourly You can see that we had dips over here Then we had a dip over here and then we had this level. This was 45,000. Okay Sorry for four thousand five hundred and then I was looking for this support over here 4440 4438 because you can see over here a nice demand zone. You can see over here again demand and now this is my target so The plan was very good It worked once we cracked this level looking for TP 44 72 which we are in pre-market And if the mark will start fading will be focusing on Apple Tesla and Vita Baba short So what we did? I Traded Tesla which is the main one My average of entry is 1065 and then a recycle still holding partial short So Tesla support 1065 Over here I screen share this is screen share my execution is screen share every single piece of the other flow that when now we are gonna Do it with a review together So 1065 is this main important support that you can see over here from the previous days, but also this goes back Over here and goes even more back at this Level over here. Let me share it with you down here So you can see that in This area they create also support with the J-Lines, right? So look at this J-Lines and support Right J-Line support J-Line and rejection good now if you look at the last part it basically the same thing J-Lines and Support so ready two times this level 1065 wasn't a very important level Then it's about looking at sharp patterns together with order of flow to start looking for a reasonable low risk entry Yesterday I trace the trend line and at the open we had a big huge heat map in 1150 The price went a ride through it and then you can see over here stuff candle and immediately we have a rejection of that daily resistance So at that point I was only looking at two main things one minute chart or five minute and then the big levels with the dots now again over here this morning Then I put the dots but I use them because they give me Confidence in looking for the main absorption and to see when we start having sellers on the tape This morning again, you can see that we had a push and right away. We start stuffing and fading So let's review over here You can see looking for a pattern to short puts one 60 swing 1040 and Then over here we had the Facebook again for the short apple again for the short and also we had Baba trading today Now looking at this chart Don't look at the first few minutes in the stuff This is more a little bit more about pro trading and I prefer to to explain this only to say advanced traders start looking at this stock When we started fading over here this main daily support remember before we said 1065 right, okay Now just go over here Go on volume dots enable them Just put them smart. All right, and over here. We put 3d bubbles in volume delta Don't keep it very difficult. You know, just take Just do that easy stuff Just one second now Close this and you will see your bubbles. I can we do one second. All right, we cancel over here the candlesticks So look what happens? If you look at this chart over here traders, right? So we're looking at Tesla in the first five minutes just to give you a clear idea What is doing is basically Pushing to that high 1078 and then we see more sellers Alright, I don't see over here. For example use amount of buyers. If you look at these dots where to represent the orders We can see that we have the majority of sellers in why so much into over here And now even if you see the support once we break that level of 1065 Which is this level over here, which is this daily level We then start to reject that area exactly over here We're gonna see at 940 now exactly, so look at this we have the 1065 rejection and Jlan over here at 1065 that's a short that I took that's a short that I took It's a short I loaded the boat and my wrist was very tight. It was risking two bucks and My best cover over here was around 1036 Actually, yeah 1036 and 50 my best color so risking two bucks to make over here almost 30 points for a fader now I Cover partial along the way where where we had the support you can see over here They're pretty big heat map. So I'm not really scared when I see a heat map But for me at 1050 was a very important support also daily Whole round on a number and I started to see over here a little bit of fake breakdown and then reclaiming So good reason to trim some okay one third generally is my my first exit and Then we started again to Unwind so I re added over here into this big soak. All right You see over here traders. We went exactly to that heat map 1056 and I said, let's try to read partial So I read it So I basically did what we call trade around the core started a main position over here scale out partial over here into the 1050 Re-add it and then scale out a little bit more over here and then more over here and I'm still holding partial So what is my strategy over here? My strategy is is that I'm using the hourly chart Together with book map to spot the main levels where we'll see the majority of buyers on this chart We see the majority of buyers 1000. That's key here, right? My target this morning was 1040. Remember the the watch that I showed you Let me take it again Watch this over here Swing this is TP. Okay, 1040 is also is the put 1040 now We touched that so now it's like I have to modify my plan because my plan was to trail until that 1040 So what I'm going to do? Being that I still have a high average at 1065 recycle 1052 so my average is lower, right? It's not anymore 1065 right now is 1056 So that is for at the worst my exit so that if things go wrong. I want to get off that area over there But all this morning. What was it give me confidence in holding my trade? This big sell-off So Bruce are you still here, buddy? Yeah, yeah Okay, can I ask you because you see much better than me What is the main dominant color that you see over here blue or magenta? magenta Exactly and what does it mean that sellers use amount of seller dumping over here because below the 1050 Everybody's scared to hold now Tesla and we have buyers at the dip support 1000 That is where traders want to start again a position because it's Always like that traders will look for those 600 700 800 9900 and 1000 1000 over here is a very important level We're in the past. We had the buyer and then we had the rejection and then we had the buyer over here We're they consolidated so that ideally now is my target now. I don't know if we will have that I'm not like Sodamus over here. I'm just trading what the chart tells me and I don't give a damn about anything else Now we're fading and now we have a heat map So if he has over here If he has now I see it starts to reject That's a pretty good level where to add. I like this. This for me is an ad area. So the 1050 42 I Can add a little bit over here and then I can trail maximum the money. So now my average went down to 1054 Why I'm adding over here because I still have a position in the money With ads from 1065 Starter 1052 and I'll add in over here at 1042 1043 I always am very careful not to lower my average too much. So this is trading around the core And basically if we have the right trade. So the right trend it maximized your profit so much One thing is I act enter over here And I exit I exit I exit I exit All right over here maybe goes down 20 more points. I have nothing more One thing is you load Or you take a start and then you add And then over here you trail and you trim something you re add You trim something you re add Of course if this goes up You're gonna trail much before break even much before this trade over here But if you're looking for a day trading we're talking about a trading And we're gonna have another unwind that 1000 is possible if the s will continue to unwind. So in this way All right trading around the core. So adding You will make double or triple of the money that you will make with only one ad Especially because a lot of traders this in by mentoring really hundred of traders during the years They have generally always a very good entry Generally, uh, they have a very good timing But the point is the exit is not really considered at part of the strategy. Everybody thinks only about taking the trade instead trailing So the return The average win virtual average loss that is what will make you very profitable and I would say Uh, a real day trader a profitable day trader Because if you enter only and you're only thinking about the stop loss and entry you're done You don't know where to go. It's like if I take my right path in my life, but I don't know My goal where to go. I need a goal. I need a target I need to know when to get out So that is the most important thing because even if then you have 50 of win rate By doing like this, you'll be very profitable. Okay. This is the main lesson that today will cover So we're going to look for trailing over here when you are in a position Which I think is very very very important Now What it's doing over here is basically stuffing. Okay, it's true. We see buyers over here 10 44 We have trade over here around 23 000 Uh, but I see something very good. We have not a big support until this 10 35 so, uh Good selling pressure over here. Uh, wallow seller 10 45 10 47 10 50 over here. So this I really like it And now we're going to simply hold for a possible trend line break and fade Now you have a trade from uh, let's say a high average and you're still skilling in skilling out So recycling basically okay trading around the court Of course every 10 points on something like tesla you can trim partial if then you're going to re-add I like to trim 10 50 then I did the 10 35 So it's good because you're getting paid So you're always like I would say okay, I'm safe I have no emotion because now if it goes good good. Otherwise, I stop it in the money. All right Let's continue to uh, see this so today tesla is giving me For now around, I know probably 15 16 hour return. I lost one hour this morning So it's also correct to show the losses And I lost it over here on adn But it was respecting the rules Generally, I don't short SSR with high volume. I generally took long This morning I did long yesterday as bfm. I took almost all day long But this morning I shorted over here at this level red that you saw my average was 280 and 50 something like that 20 50 20 2.80 50 And I stopped it over here 2.91. That's it. That was my stop Trying to take the top it started to fade over here a little bit I anticipated and then stop. I didn't re-enter anymore along with this. I let it go And now I give you a tip High volume High volume. What is anything in a small cap land? There's above 1 million per minute Okay on a five-minute chart, you can see the difference over here You will see bars even of five million actually bars in this case even of eight million But you can see the first bar is around 3.8 and then we go above five So I generally use like four and a half five as a big Main volume on five-minute chart. So when you see that when you see short seal restriction You Don't have to short it unless this goes crazy parabolic let everybody gets being squeezed and then you can short the pop Again, it's very hard to do this. Okay. It's very hard to have the discipline But you know the more loss you will have the more you understand how the market works Market doesn't care about what you think. Okay. Let's go back to tesla I was also mbaba and I'm still holding over here my average mbaba I'm gonna tell right away. I have it over here 107.91 Uh, why enter on baba simple, so I'm gonna put also baba here Okay Nobody ever thought That baba would have this big I would say bounce bounce something like 50 percent from 75 until 120 125 And uh this morning. I was not looking at this. Okay every single day I look at baba because if you see over here, I mean it's three days bruce That this 118 is fully loaded of big sellers on heat map So this is really like trading for dummies every time that you get 118 you can simply short it And I didn't short it this morning from here. I I didn't have the first morning I didn't have this in the first morning. I really faded So I have to thank somebody in my my room because a buddy alerted me and say oh possible general rejection on baba All right, and I said, okay, let's take a look at that Now Look what happened on baba all right So let's take uh, let's take for change a five minute chart. We had so the the previous Low at this one's a rate. All right. So always trade the support important And then we had the pre market low traders around over here. Yeah almost. Yeah once the rate as well We can take this off We can move this a little bit more down make it precise Okay Now actually is this the low sorry 107 81 Now we had a push in the morning until this 109 and 50 where we saw before that we have a Daily trend line or hourly trend over here and now we can have we can see that we had another one over here More than a trend line is horizontal Level. Okay. So we had the resistance over there. Why we had over here the low we had over here the low This is a pretty good level of support So once I was looking at the five minutes I saw this first morning push 935 and No, actually no, sorry this one over here this one over here A friend over here alerted me get to the 108 and then Bruce look over here Look what a pushing that high liquidity area Double top and then my average is 107.91. I was risking 25 cents Over here into the 1808 and 16 and then it started to come all the way down Once we faded the view up. So this big sell off big red bar Trim something down here 106 and 30s and now I'm still holding with a stop where exactly just above the day lines So look at this pattern traders right this is The big selling pressure that I like to see and it's not really the heat map alone that tells me to enter short Put your volume dots and also start looking at the tape in this moment So you're going to put over here the times and sales and you want to see the executions that we have in the market over here on this bar all right The mark is always cyclical So it will tend to have washes and then pops washing pops washing and pops like this until it reverses But if we have a trend, I mean if you look at Nvidia tesla Baba apple this morning all do like this. That's a downtrend. So when we have those pops This is called pop. Okay Then I'm looking to short there I'm very shorting over here on the breakdown because 90% of the time you will get like faked out This is at least when you trade against a high manipulation a high. I would say professional environment against asft And against I would say computer machines now this morning I was seeing some A big spoofing and also some algos on lgbn, but right now I'm still holding this position. So I want to focus on this I'm going to put over here now the volume dots to show you the difference. I'm going to Change this we're going to change one thing of the volume dots And we're going to put over here smart All right, that's fine Okay So What is this traders anybody knows it you can write in advanced web your that's absorption Okay, I know you know it bruce. I wanted to see a little bit of traders answering over here exactly So the point is What is doing over here is not only bruce at very good But look at one thing You see over here somebody's trying to push this up Somebody is pushing this up Somebody's pushing this up and this is the same order. They're just moving over here All right And it's a pretty good level where I would purchase if I would be a market maker or a machine I would simply have so much fun doing these things because they're like repetitive So once we go in a downtrend just above over here the v-wap, which is this red line. You see it This is what we call the perfect bull trap bull trap in a high liquidity area So you have first of all one player over here Could be a machine or a big trader, but we have one player. Let's define it like this. We have one big player So this player is moving. It's the same one. I believe it's the same one and He knows That traders will start buying where they're gonna start buying probably above over here the the v-wap All right But then at a certain point There's a fight over here. This is really where you play the game So you're not going to take anything over here You're not gonna short. You're not gonna long Because in order to long and I give you a suggestion You're gonna wait for a big curl above the v-wap and volume coming in So you're not gonna short why? Because you're still is still grinding with a high volume Pressure here. You can see buyers buyers buyers buyers, right? And one we are at 108. There is where it happens. I would say the fight between supply and demand So buyers are trying to break this 108 and then push it But remember that 108 is that pre-market low This 108 is the previous day low three or four days Before okay, I go And then what we have we are below the open level So we have a massive amount of bag holders that will like to sell over here break even getting out I would say scratch. So this is uh, I would say the The mind below the before the execution You have to think what the market is doing. You don't have oh, I see I eat my boy here Let's just shorten or let's just long it. It doesn't work like that the market. You have to think why? If you understand how the market works so the concepts then applying strategies is much easier so It's like, I don't know you go to the to the restaurant You have the cash. That's your technique. That's your strategy, but I don't know what you want You don't know how it works. You don't know how to have to order. Okay, just like a stupid of my analogies over here But basically the same thing you have to know the concept The concept is If we are in a downtrend And if you are I would say with amount of overhead resistance Which this resistance is of previous bag holders Because that was the previous lows And above we know that traders bought and bought the previous days Once we see over here that Bull players are not any more in control. They are style like curling down and selling. This is done This is done below v-wap. What do you have people crying long in tears in this unwinds? Now this is going to mean necessarily we go down like 50 points and we'll go back to $50 area But this means that in that Scenario, this is a good reason to short So what i'm doing over here with the bruce guys is not only explaining you oh take the short buy the long No, it's telling you and explaining how to day trade how to use mentality and I would say Up psychology in trading why? If you know this you will have an edge so Now let's look at tesla again Remember we're still in a position the reason why i'm looking at tesla uh besides, you know The the momentum that we have you don't must the tweets The the person itself tesla is for me One of the best products to trade For the given volatility and liquidity that we have on this product Now I don't suggest right away everybody starting to purchase options Calls or puts Because if you don't know how to use these instruments, it's pretty hard You still don't know the credibility You still know about the the greeks used to know you still don't know about the time decay I would say that influence so much the the the premium over here the price and You need a little bit of I would say time to trade options and why I say option because of course tesla not I would say for everybody. It's 1000 bucks per share option You can pay like 20 30 10 bucks depends. I mean from from from the day of the week as well and the strike Now we see over here some consolidation Okay, look remember what I said before I'm not shorting dips. I'm not shorting down here. I'm not buying puts down here I'm buying pops And what I'm doing over here is looking at yes for inflection points to start getting a filler on tesla Now tesla still bouncing. Yes, it's still bouncing So I'm still waiting for some fills over here. Remember I added 1042 I'm risking now in the money. This is my guy jay lines over here And if I see now the chart Nothing really interesting me so much. I just know at 1045 below the main dollar here at 1050 I have so many sellers. Look a couple of time big absorption reason to stay in Jay, what time do you do your view up session star from 9 30 early? razor you mean on On book map or over here on my my my chart. I don't use it on the one minute to five minutes I've got the chart that I use it Personally, I use it from from from the pre-market from the pre-market buddy Because I like to see also how it works in pre-market. So for me, it's very important being that I trade also pre-market. Okay I don't trade generally big caps in mid caps in pre-market, but I do on small caps or in in futures Okay, baba is a bounce right now Exactly tesla is pretty active especially on gap days So in this market, I would say it's a very good product Tesla sometimes have a little bit more spread than usual So be careful in those days If you have question traders like razor or tapish, just you can write over here in the advanced webinar. Okay, we're gonna answer everybody So reclaim of here the day. Let's let it go. Don't short yet And again, this is my trading. Don't don't trade right now. Just follow what I'm doing But I'm not adding to my position because yes, it's still bouncing So it's still grinding. We're gonna put back also our candle sticks All right, then I use the one minute candlesticks So the previous resistance over here 107 107.80 108 you can see is Have a little bit more momentum It's curling essentially on the j lines But that good part of this and we're gonna see if yes will reverse The good part of this is that We're still below this Main support. Okay. This one's a rate I like this area If we stay below that one's a rate, we still have possibility of this to fade now He's getting near to my break even I have trailing the money the ones that were sevens over here and seventies and This is on the one minute. Let's see if we will reject that lever or not Yes. Good morning, Ryan. Uh, we had uh, lgvn sbfm mobq Beautiful genome rejection and also we had adn Okay, first selling pressure over here You can see this seller at the one zero seven seventies So I'm out for now. Let's check again tesla Yo, buddy. All right. So that 1050 is where I'm looking to react to my position So remember we opened a short 1065 alert the traders share in the room Uh, was in waltz list. We read over here 1052 I cover over here big partially the 1035s Actually 1036 and fifties. I read over here partial 1042 Uh in this consolidation Now I'm looking at yes If we're gonna start fading for now. Yes is grinding Or on a staff for 1050 I can read short Okay, so I'm looking at those labels wait for your labels don't anticipate over here Joseph, uh, do you want to take there's been requests to look at some cryptocurrencies? Uh, yes, but I don't have over here on book map. I use it on the other book map on my other computer bruce. Okay Yeah, I'll get you set up with the multi book product and everything you can look at five different exchanges within one Crypto currency Okay, that will be fantastic. I always run it over here We can do even a lesson on that traders as I use a kraken coup coin Now the one I really I use different brokers for bitcoin Uh, and also for cryptocurrencies Uh, so if you want to do a lesson just let bruce know we can set up that All right pushed to the 1048 and 50 Yes, it's still grinding previous resist over here 1066 1060. Sorry 44 66 44 67 On yes, so this is what I'm watching This previous resistance, right? Let's wait over here on tesla. We have all time. So let's not anticipate over here trade Let's see how reacts at 1050 What I'm basically waiting is this So you see yesterday This was what we had on tesla yesterday This was uh, I would say a multi-art trade Short Pattern over here didn't work stop It goes short And over here A killer one So very systematic trading strategy So a first rejection over here that you can see traders on yes Tesla's still grinding Limit orders on the ask 1049 risking that 1050 for adding to my position. So this is not the new Short that I'm taking Remember 1065 came out partial get out got out partial 1052 And 1042 my ads So I'm still in the money. So I'm adding over here partial if I'm getting filled 1049 not yet If I'm not going to field that's fine But I just want to don't want to enter down here 1040 you want to try to get over here So I'm looking for this area over here to Have some fields. All right. We still didn't have a trend line break So still the pattern could go even above 1050 and then fail down now. Let's see this es point You can see that for now we have seller but not massive sellers You can still push above So I canceled my order from 1049s As I see as still popping Those topics are j lines I use different set of j lines and It's a strategy together with the j lines. There are many chart patterns. So j lines alone Just these two are 70 29 But again, if you want to learn more then you have to take our Our trading course in the room and and learn how you trade that So spot over here traders again the 1049 1050 we still have some resistance But I'm still waiting over here still an uptrend. Okay, so I'm not anticipating the short Or a stuff 1050 view up is just above 51 50 Or I'm simply waiting and I will be waiting for a pattern like a trend line break So ideally we're going to have a nice pattern done here with a 1045 breakdown And looking for this to Unwind Okay, so rejection of apple So we have seem over here rejecting So adding a little bit over here 1046 and 20s So adding a short 1046 and 20s Always risking in the money Now my risk is this 50s Okay, so playing over here. I like yes Nice breakdown On this trend line Now next target is this 1041 Two minutes and 20 seconds two minutes and seconds to the next completion of this five-minute chart bar At the same time we have invita fading So very good move in video and we had also apple fading Good good breakdown over here on On yes, let's see for more unwind I'm turning this on multiple brokers. I don't see for now any big buyer Um a tip that I give you that I Would say I like to give you is uh, besides having the cornet order book Uh, try to have over here traders even uh times in sales Okay, we spoke about this more than once and also I said how to filter it For now, we're gonna keep it like this in uh In default And I like this a new level of resistance over here So in this case, I have my added 146 and we took 146 and 40s even better And uh, my average is in the 1050s Uh, so raise over here is asking with the tesla options. Are you doing weeklies? Uh for puts how do you deal with the spread? Two ways one in the swing. So I have a trading strategy for swing That is actually paying me this year a 71% uh win rate And uh a profitable curve And in that way, I only look at monthly options Well, let's say I'm looking for that 1000 on tesla today when I have my start of my position I start buying uh one month Uh, or even more sometimes because I look for a father, I would say, uh Uh strikes or 990 1000 I start looking for monthly options So more out on the money, okay Um, when I'm trading day trading So I like a position like today on tesla or in video, whatever that is I look for weekly options And I don't really stay with the first out of the money or the first in the money Or maximum two in the money or two out of the money It really depends on the spread that I see the volatility and the liquidity So for example, you never want to trade options Uh in liquid because it will be you and the market maker and guess you will win the market maker So unless some very big move, but in chop in sideways He will destroy you So no don't try to uh trade on liquid options For day trading, especially when you're in a sideways action Market will kill you All right Do you see the green that you see over here, right? You can get scared, but you have to stay with your plan The plan over here is still that we're trading uh possible. Okay, so we have a very low risk We're turning a possible rejection. I'm looking for this possible trend line break So my trail for everything is exactly where you see over here the level 10 49 0.80 That is what I'm risking right now So new relative lows right now on es Breakdown incoming of this support So I don't see any kind of big buyers over here only 100 shares 200 shares So watching for this one zero one 10 43 per done breakdown In the meantime, I don't know if somebody traded in video Nice jaylen rejection So working very very good in video over here. I missed this trade Apple working good as well Baba instead. I'm over there and uh, that's my risk one seven one zero seven eighties So if the market will continue to unwind we're gonna stay more with tesla And recycle tesla over here Still holding this 10 43 and 60 Let's see if we can get this up trend line at least 10 42 right before we can get a little bit of Of trailing There we are beautiful A little bit more in wine below the 50s So set limits over here so Covering partial at 10 42.50s and 10 42s. Okay So getting filled So we got the position over here adding to our position one 40 140. Sorry 10 46 and 40s It's getting out 10 42 Now we're still holding the core and partial from the 10 51s average from before Now my goal is to not cover anymore. At least I want to see this 10 32 Otherwise stopping in the money. All right, so we try to lower over here our trailing It's very easy, right? Once the trade works let it work Don't cut it Don't Get out right away from your trading A lot of traders are not profitable for that they take a full loss and they take a very small partial win It requires patience Okay, you cannot have everything too soon So you have to have patience a little bit later. Okay now at this level You can see that we have no big heat maps above formed So we have it only at 10 46 7 7 58 48 I want these sellers to jump lower So create like a cushion for me Especially at this 10 45 I want to see a seller over here. Okay New lows apple bounce from this trend line bounce also over here on es So I'm so good at 10 45 Now one thing Remember we already took a profit 10 42 so think right now Are you getting scared because it's bouncing? No I always think and consider bounces like a possibility if the trend is in my favor to react to a position Not like, you know, oh, I'm getting out and because if I would have done that I would be out already 10 55 before Instead we treated each pop in a downtrend like a good level to reenter at a better price Mentality traders know what you're doing So so Joseph you you when you scale into a position Are you treating each new position like a totally new separate trade? It depends Bruce. It really depends from the product But in this case, I can tell that recycling and out so Tesla being that rate took so much profit So I can consider my day already done even if I'm still holding partial I'm using just like in the money trail one trail. That's it. So I'm not really, you know, risking for 100 shares Let's say 10 45 200 shares 10 47 200 shares 10 51. No, I'm risking only one trillion the money But it's not wrong to I would say to scale out if something goes against you in partial Let's say getting out at 10 47 still in the money and then the remaining for example 10 51 That's also a very good way to do it. It really depends from the product and from the trade that I had that day Generally I prefer to scale out just like what you were saying In partials, even if something let's say goes against me and I'm trailing in the money, okay Because it's like scaling in and scaling out So the trade is in your favor You're adding your adding goes down the trade goes against you scale out you scale out and then you can re-add So always of course scaling out as well. So taking partials, all right when it's working as well So let's look at nine beer. Yeah at the end as well Nice long beer all right I'm gonna switch one second to adn because some traders over here messes me And so I'm gonna put one second Yes on the side. We're gonna put one second Tesla on the side and Some traders took a long So everybody over here that knows how I take longs This is the long setup had this morning This is the long setup that I had this morning I mean Bruce knows better than me Big dip fake breakdown View up J-Lens Load your F both right Bruce So nothing better than this. This is already like explained a hundred of times. I think in this These webinars You can see over here that there's somebody between 66 and 68 who wants to create a support So let's see if he's really there or spoofing for now seems like he's Holding this dip So he's really like live there reason to By partial over here in the 69 just risking 68 like one or two cents But the main level of here of buying we had over here down in 334 I love this pattern of volatility contraction You can see over here traders Bull flag this one Then right away. We started like having this massive over here bar So let's check Like the fact mob here looks at this stuff a lot Yes massive buyers getting in So let's give a little bit more dots colors Settings Just per se over here beautiful So you can see where the buyers came Bruce where the buyers came over here Um, blue dots really pick up Exactly. That's a beautiful mid-morning breakout pattern, but again Having book map over here traders doesn't Allow doesn't give you the the the false signal. That's my point Often and I'm going to show you an example you buy over here breaker, right? You look at this high You trace your trend line over here horizontal trend you buy over here And now look at this right look at sbfm Yesterday, I was looking at really at that. I was explaining this You buy the break out So where I'm pointing right you buy the break over here getting stuff you buy the breaker boom getting stuff breaker stuff You buy over here the breaker boom stuffed Instead what I did yesterday with book map recorded Uh, share in the room we bought here. We sold all these pops. I showed it over here and then we took the massive fader The same thing over here with book map You can reasonably Take these longs with a very low risk Because you're not really buying the breakout that often can be a fake out. That's why the reason of who fell alerts Will buy over here and who fell alerts will 99% lose money and I'm very sorry to see this because traders are treated often like, uh Peeps instead. They're like a thousand people that just need to be guided good And this is what we do. We try to do over here and book map these lessons So we try to educate traders to become smarter and better So when you see this massive buyers, this is where you have to long This is where I long. This is where my members long We're not waiting up here to buy the 375 breakout And then what maybe goes all the way down to we're buying this big income of volume And why i'm telling you this for the same reason that I told you to short 1046 And over here I shorted 1046 and now we are at 1039 I'm sharing these trades over here with you in the book map and in my room That's the reason how you make money how you become a profitable trader How you make five figures in a day Now let's go back to tesla So now we are below the trend lineup, right? All right and There's no reason why I should cover over here Unless of having foma to get out. There's no reason So what we said before look for our targets once we will break the 1032 eventually if we're going to break the 1032 Oh, we say that we're going to look for that 1000 all right I've seen some retention over here, but that's my level of consolidation that I'm looking at And yes, of course, I will look at that 1000 also. So before we're here on book map We have some very good level of support 1000 40 000 over here I would say already Yeah displayed over here of buyers Joseph, I love the way that you know you have an added bonus I mean the way you filter before your stocks and and and look for the the setups But also your trading room You you have first off you have mama bear right there You have your wife. You have Everyone in your trading room You know with possible alerts on this or that or seeing something And that's a that's a nice nice edge Thank you, Bruce. I would say that the the group and environment Can really help so much Uh a person becoming a real trader a better trader And I've seen this over and over and over now, you know me from a long time and A lot of traders having difficulties because there's a lot of information While I think that things should be always remain pretty simple the most simple they are the I would say the more profitable they are as well and the more effective So just reading the chart and understanding The confluence of few things together could be in this case the order flow could be our previous resistance could be a j line And then you have already a setup Of course, you need to make a watch list to scan to know which stocks or which future where cryptocurrencies to I would say to focus on but it's all part of the strategy itself. So you need like 360 degrees I would say approach when you're trading Um Now traders look what happened over here. So we have the 1038 support And uh, we have two or three small buyers coming in the 60s the 39s the 920s and now they're starting to But to make it bounce, right? So now you will get scared probably let's say you're you're shorter over here with us at 1046 You will get scared because you see all buyers. Let me cover everything And then this is another massive drop. Maybe tonight if we close at 980, right? Or maybe it goes even 1060. We don't know Well, let's say that for now, this is gonna fade you're gonna really regret Okay, so once you take the parcel let it work Put your trailing the money right now. What is my trailer in 1045? I mean, why not making it run? We have a big heat map of it here That's a previous support whole round of the number. There's no reason over here to cover more. Okay, unless you're scalping All right, and we're gonna make another webinar with bruce only on scalping. So one day I will come here We'll scalp All right, it's uh It's still another way now. We're day trading Okay, not swinging not scalping. We're day trading. This is day trading So our position over here can last even the whole day Or if the market will continue to unwind good stuff joseph Thank you bruce So we have buyers But look these bars over here buyers that are not like I would say followed By anybody else. That's the reason why we have these spikes So these spikes means that when the bar pushes Then somebody's selling over here and now we have a seller 1042 So also yes, it's bouncing. We have something like a double bottom, but we're slowing down trying to still lower lows And lower highs no reason for me to cover remember today we had the feff omc And uh at 2 p.m. I believe was 2 p.m. Right hitters Yeah, east coast time. Yeah Okay, yeah way to stick with your trade joseph really really nicely said Exactly as as uh bruce said reset because over here we went above you can see And confidence over here besides having still a pattern done trend on yes And there we are is the fact that we had A lot of seller over here in these spikes And they're the the buyers are not supported and now the seller joins and the seller joins and then boom new lows new lows over here New lows There we are new lows over here Looking for the 1032. So now it's bear flag nice bear flag. Sorry Again, uh trader told me can I learn everything that you know jay in one month? I was saying one week traders it takes a lot a lot of time and uh I'm just gonna I'm just gonna Tell you one thing If you think that you do trading you want to do trading for the money, you're gonna lose You have to do trading because you love the market. You love the stocks You love to see you know this big explosion of ball and you love the charts. You love this environment money then will come Don't only look for something for the money Okay, look because you have passion you have love for this um Let's look over here 1037 now For the guys or gals over here. They are Following us. First of all, thank you for the attention to day traders Uh, I would like that you tell me Where would you take profit over here if you would take profit? Please everybody try to answer this. Don't be ashamed to do it. Nobody does that over here. There are opinions, right? I would take profit 1033 tapers. I would take just above that low Uh 1035 1035 Okay, 1035 maybe because it's a whole round dollar number traders All your answers are correct There's no wrong answer because you're taking a trade right now in the money and You're basically trailing so taking partials out The 1035 is a very big support. I totally agree And for me what I said before is all right Take a partial at every 10 dollars if you trade over here at tesla like I took it over here at 1035 actually 1026 and 50 before and over here was a 1050s And I believe I took even let me see I posted a chart before uh I took it at 1050s 1036 and 50s and 1050s Yeah, every 10 bucks you can take a partial so that I will use the 1035s It's fine, buddy Taking that low at a low of day basically But I mean we have some big structure over here support is 1035s So I would put myself over here in the bid in a 1035 1036 for partial And uh Recycle again more if you have pops and then looking for this 1000 if we have maybe a Destruction of the day on yes. Also. Yes is bouncing. So for me this 1036 is Pretty good But it's not the wrong idea. Okay. It's not the wrong idea. We're here to take the to look for the 1032 All right. It was not a wrong idea I'm gonna do like this traders. Uh So I'm gonna put Configuration Settings. All right. I just want to watch him like this Okay bounce from that support We have a double bottom on yes So let's check yes over here Yeah, nice double bottom. We're still in a downtrend. We're still making lower highs or lower lows No reason to panic and get out everything So if for example, you're short this morning. Yes use this trailing this trailing For let's say half and half This is the entry support right now 44 55. I was looking more for a 44 50 the whole round dollar number, but It is what it is So good partial of it here that we took on tesla at that 1036 All right guys last few minutes together uh It's already a lot of hours. I'm over here because I also trade pre-market and this morning to it also They're a pn market So already Eight hours or nine hours. I'm here Uh, any questions? I think we're all caught up on the youtube Barbosa is asking about waiting for the low volume node. Uh, we'd be asking too much Oh, yeah, we we covered that bro. Yeah. Yeah, let's do it here Uh Bruce will give you the the links buddy. Yeah, we already you want you want to get disappointed It is what we show Okay, push to the z-lines traders So now the trailing over here as we said before is going to be this above 1045 And also yes, it's pushing strong. So 1045 plus we're going to trail remember. We have ads at 1046 You welcome So that 1045 Above we're going to trail a little bit more and then we're going to trail the rest as we said at this level over here 1049.80 1049.80 It's still not a reversal. It's still not a For me the reason over here to cover everything and then to start for a long pattern Uh, I took on one account a counter trend trade I have to say this but it was for a double bottom over here So a long partial over here 10 36 and 60s But it's a small trade and not on my it would say main account Just a small counter trend trade And uh, in this case, I don't alert these because they're not part of the strategy itself It's just what I saw over here, which is this big breakdown didn't come 35 So long partial over here on the reclaim of this previous law often these are the Fake breakdowns that you will see in the market. So this you can have on v-wap You can have on the previous support. You have a fake breakdown right away. You have An engulfing pattern over here. Boom pushes all the way up. It's a pizza money trade, right? Yeah, but without mushrooms Just a margarita Yeah, only basic margarita Ah bruce, you remember the italian times? Pizza in the world. Oh, yeah food and coffee. I will not forget that at twitters one good One good I would say Um one good reasons to stay in the trade Rejection of that previous support now resistance And you can see also over here envidia starting again the unwind Beautiful, all right, so I didn't trade envidia. I had a morning trade and very small win but all these one two three Good reason to short Also in the one minute they they were pretty good and it's basically about Yesterday the first field that we had at 172 71 that we are winding with very low risk entries All right guys, so I think we're done for the day Thank you bruce again being amazing over here Holding these webinars Thank you everybody. We'd like to say thanks for who also Uh we say Follow us today. Thank you for youtube and see you next time traders always Reach out to bruce anytime 24-7 is available. So thank everybody Thank you joseph You're welcome. Bye. Bye. Okay. Bye. Bye