 Alright, good morning traders and welcome to the bookmap pro trader webinar series today with a J trader stocks trader Actually, this is a regular session This is the pro trader webinar series, but usually do This same webinar every Wednesday also on Thursday Scott Pulsini Both of them will be trading live. It is in demo paper trading mode. I'll go over that in just a minute but this is What you get with part of the advanced education with book map? All right, so going through some live analysis and live trading and reading the order flow So J trader if you don't know who he is. Well, he's been trading for quite a while here at a young age started trading at 18 years old But now he focuses on order flow scalping mainly us equities small caps and large caps And we'll get into the details here in a minute He does offer mentoring services you have his contact information here I will be putting this into the chat so you can reach out to him Let's go through some disclosures and then we're going to get right into it here General disclosure all book map limited materials information and presentations are for educational purposes only and should not be considered specific Investment advice nor recommendations live trading is in simulation demo paper trading mode and strictly for educational purposes Live trading executed in simulation cannot accurately represent realistic trading performance Risk disclosure trading futures equities and digital currencies involve substantial risk of loss and is not suitable for all investor 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 It's not necessarily indicative of future results. All right, so let's see if a J trader is in here yet or not He usually comes in a bit later So yeah, waiting to hear from him He'll probably be in in about five or ten minutes in the meantime We can go over a little bit of the S&P E-mini and what's happening there in the order flow And it's really kind of all over the place. You can see the Consolidation or range bound period here nine o'clock we had just after nine o'clock a boost up into this forty two sixty area here And then it's really back and forth all over the place and you can see that You know from one side of the range to the other basically So don't really see any sort of edge here if anything I would say like you know Looking to see if we can get back up to this kind of high liquidity here at forty two seventy all right now But like I said, it's really all over the place But we do see a lot of buying starting to come in right now And there was a previously a lot of buying up at this forty two sixty and above so Yeah, we'd give the kind of Overall kind of nod to the to the bulls here Good morning, Joseph. Looks like you're in here. Good morning. Book them up. Good morning traders. All right, excellent excellent So let me turn it over to you. We've already gone through the risk disclosure. So you can just jump right in Let me find your Screen and re-broadcast that Okay, I'm gonna share my screen Okay, Bruce, can you confirm that you're seeing over here a book map in the charts? Yes Okay, so first of all, good morning traders I've been working all this morning in the last two days. I took a break last week Was a six-figure February. So I could take one week off From the starting of the week seems incredible, but I shared every single trade I still didn't have a loss took around 20 trades and Each trade I've been sharing the room. So this morning I'm not trading big caps because I didn't have a set of big caps low risk But I've been trading for example this top of here on EOC The reason why that I saw Hit map over here Look at how beautiful was this? Basically spoofing over here and then they they push it to that 440 Which is my pre-market high and then right away they dumped it. So I took this high over here Unfortunately not full-size. Unfortunately not full-size The second one that I meant is ASTS again these trades I call live Explained the room show my screen and everything and I took the straight at 940 exactly over here So I was looking at a few things with this one and I'm gonna Know I'll tell you what at what what exactly I've seen So SDS and EAC are all smalls caps I do a little bit of research before to see if they have the illusion to see the market cap To see the float in this case I saw this big extension over here to the 950 when I start rejecting over here because I didn't see any kind of buyers Then I started taking the short. Okay, even this not a full-size Basically, I traded three extension this morning and three have paid HDS and I only have a feeler on this one. So I'm trading this with a very Low average this 9 510 over here, and I'm not gonna add until I have a stuff of 528. So let's see. Let's see ASTS Alan yeah, maybe after so Push over here at 9 I'm still holding with 940 average Again, you can even put and I didn't today only because these days We'll just want to focus on the levels of heat map. You can even put the volume dots You can filter size you can put the smart you can put it by time by volume so many different ways and I mean, this is simply amazing and Bruce will tell even better when you see this push over here This is really an exhaustion because you don't see any kind of bar up here today At the on the tape and right away they slam. So when you see this big wick you can put even MBBO above If you go like here, so I suggest you to get that if you put the MBBO and You see this push you can see this wick. We have no dots over there That's your extension and exhaustion of the move. That's the reason why I got in over here And the reason that I'm still holding is because we have lower volume right now So I can risk definitely break even. Okay makes sense. Good Now we can decide to keep the dots we can decide not to keep the dots as you prefer For today, I generally use them For today, I'm not gonna use them And I'm not gonna use also MBBO, but just for today then I use that I use the die MBBO and I use the seeps indicator I'm gonna illustrate If we have other setups Well, let's see II always II Okay main target over here 369 So you see I think it's time for a lot of trade over here to cover Let's put this on book map. So this is one of the main covers down here. And then we have this 348 350 Exactly this level here. So we can look to cover that level this level of here. You see this main level of demand That you can see on the chart, right all these dips all this main Level of support and over here. We can see also look So count is going up. This is interesting today Count is going up You're not Put kind of back up and this is grinding. Okay, so we don't have really a perfect exhaustion move a little bit of recap on counter what is so I Hope you can see this. I'm gonna keep it like this one second. So we have 100 million market cap Yes, we have a 140 million flow 92% institution ownership. So this is a really a Largest small cap the company has cash for 20 months We have a negative nothing coming even if they have revenues They have a high cash burning ratio something with 20 months of cash. That's not a lot of cash. Trust me You can see over here the news why this is up And also even here we see if you have every previous gappers, which we don't okay, so careful. We don't have previous Gappers on a can Now two ways to trade for me waiting to dips. I'm looking dips into the 90 may or the daylight. So I'm looking for dips Or this here down here. So around 650 or the server here around 580 Don't attack something that you still don't have a precise, you know Let's say enter setup so Not even for me dips too long over here because in this case that we need dips into these levels around 640 645 with a heat map watching also a STS Grinding a little bit more be here cano You can see over here five consecutive green bars. Awesome. Bookmark. You can see it very clearly Let it push Let it push a little bit more when I see a fast exhaustion to the seven And then we can take a little bit over here nibble the top if we go parabolic only I'm not shorting grinding stocks I still have a trade this morning cano, and I have a dip into the j-line. So I didn't long there I had a few dips over here at the 90 may I could have long over here around six or 580 but I was very busy on other stocks. So let's continue to watch Basically Alan because you want to know what you're trading if it's a billionaire company if they have dilution. So in this case If has that Lucian, you're gonna look possibly for a level where they can dump So if they have to exercise warrants, let's say at 450 you won't start shorting that at 4 because you want to at least That 450 okay, so I'm taking a feeler over here again on a STS Basically, I'm a reshoring. So let's good go check ASTS So that's the breakout the pre-market high Just taking a feeler feeler worked When I'm looking at these levels, I'm looking for this extension. You can see again this bar exhausted So it took something in the 960s over here now basically Holding and I can use 960s risk. You can see over here still grinding. We've got to put above Kano You can see it's already in this case ASTS this morning came to the Jalen's push over here to this high around 945 Dip Jalen's again push again over here. We shorted 960s. Sorry, and now I'm looking I'm not full-size training less than one-third of here of size. I'm looking if we're gonna hold this Support of the pre-market high you can see this purple so a purple line Or if we're gonna dump below I'm looking over here at the tape I'm looking over here at book map when I see some seller jumping in 960 But for now, we don't have that there. We are trying to push more So you can see over here that is still going. Let's wait at this goes parabolic to shorted Again, I tend to trade a lot of big caps lately mostly big caps But right now big caps are ranging in this moment looking at Tesla this morning You just left a few bucks waiting for a strong direction Another stuff over here. So you can see the push into this 975 area then right away rejection. So stuffed again Possible first break on Kano. I want to see if we're gonna have more heat map Jumping into here So we're gonna look to long or this level or we're gonna look for a trun line break and rejection to short Same over here on ASTS We're gonna look to long or this level or we're gonna look for a parabolic move or as big stuff move and looking too short Over here. We have yes is still below that resistance Vixx is down this morning Just small down in the last hour. So not much CL over here is meet near the nearest port 116 Let's pass Tesla That is still below the pre-market high and waiting over here not really trading it Nvidia above that pre-market high Following yes, so not really trending for now Apple inside the pre-market range. No trade for me Facebook trying to hold the pre-market high Look this web traders They're gonna look for direction over here. Look this this level on ASTS So break them to the downside So again right now. I would like to see a rejection of 5 6 6 60 sorry 6 70 So let's see if we can get this area Because we had a first trend line break So let's see if we're gonna have sellers over here if no sellers no trade for me along over here in ASTS around 56 Fake breakdown to the downside. I love this exhaustion the downside possible push to 70 plus risking now break even Last pace over here So risking that 951 Need a little bit more liquidity Need sold 960 want to see a little bit more buying power 960 over here and why I'm longer and now 90 may Fake breakdown. So that's a fake wash And was bought up. So let's see Out break even came break even out so Basically over here. They made a fake break on the downside. So this is a Bear trap Fake break out over here to the upside now still have to look We're gonna have another Good heat map below that can support long now. Maybe it's pushing Try to take the cuts. That's the I would say the key to bigger wins Okay, that's really the key from 968 ASTS. I'm not in waiting. So the next target is at 10 Now it's pushing strong. I missed this long bit, you know, fine 990 pushing more But you can see what happened again over here. So they went to this high liquidity and then rejected Okay, the best is to see the push exactly into that level or soak or a fake break out right away back down O'Connell Having the rejection over here, but I need to see a big heat map above just above 660 Otherwise, I won't take this short over here. It's always riskier to trade Short enough trend. So I always say buy the dips, which is better and ideally the pullback over here to the J-Lines Suggest every single morning to make your plan Start looking at few stocks or futures or coins or options, whatever you're trading and Then follow only those. Okay, I'm looking at 10 12 things at the same time but I suggest you really to trade few things and The more you become profitable the board the more you become expert The more I would say products you will trade. Okay, so start small make a plan and then evolve from there Okay, yeah, Joseph you mentioned that cutting the trade is Very very important for you. I know we talked about it last time that you know that that Was something very important for you to learn and start to implement I'm just kind of wondering how long it took you to start to do that and Kind of get if you know was it a couple weeks was it a couple months or was it a couple years like To really start to get really good at cutting your losses quickly or cutting trades quickly Okay, so I would say Bruce It really depends first of all from you know from each person I always say we can read the same book the same annual maybe you're learning like in two days I maybe take like two months or two years. So that's really you know Something I would say that it's more like individually the second thing is In order to become good you have to experiment so to push through those Limits and experiment what is best for you and how for example in this case We're talking about cutting a position cutting loot is a position how that can benefit your trading For example, you don't want to cut something. Let's say I'm gonna Like let's say like before here I long over here because I recognize this pattern over here if I break a fake breakdown And then it pushed up it was up like 10 cents and then it came down and that moment my risk management is it's already went to this pre-market Hi to this previous high with a heat map. Okay, I have to get out because I've seen over and over So by testing by experience that if we have even on the fake out This can go all the way down and I don't want to risk any kind of You know sense even one cent in this market Of course when I enter I have my stop loss But when the trade works in my direction I then move my stop to break even And for me is necessary to take cuts cuts can be plus two cents minus two cents I can see those scratches and I was talking with other I would say Big traders now this trader that I was talking to is a Zenith funds manager, but he trades also for you know they trading like this and I was telling that for him as well cutting so having scratches is one of the most important thing That's when he started was the way that he started then eventually to make money From because if you don't cut what will happen? you'll end up losing ours in a position and that maybe is not following your strategy and then when you have instead like you know Real losses from your strategy where you would need really to take a stop loss. You will have a negative ratios So you have basically traders to use the cuts. It's the most important thing in trading right now Especially in an environment if you look at ES if you look at Tesla that is not really bullish I mean we are more in a scenario where basically in the last two months sideways This is the main support and This is the main resistance So we have supply and demand zone over here and we can go back over here two months and we're still the same exact price So when we have not a bullish market You have to lower your risk-reward ratio in a sense that you won't get big Trends or maybe in few situations. Okay, so you don't have maybe to look for those four or five are that you were looking Before in a bullish market like you know mid 2021 like this period over here Or even before like in in June. Okay, or in July. No, you're looking right now to have a higher win rate higher win rate But of course your high win rate wouldn't have the same our results So what do you have to do in order not to take any kind of big losses? You have to take the scratches Maybe you'll lose a little bit more commissions But trust me will pay off if your strategy is solid and this is what I teach every single day So really from the start of the year. I'm having 80% plus win rate. The last I would say few The last few days was very good Because I took scratches generally plus two plus five cents plus 20 cents So I didn't take like any kind of big losses, but you know, then the The PNL pays off, you know, when you start having like actually they were more I know I count so only five I said before I did like 10 15 each day But here I'm having like no losses these two last days. Okay, and today again, no loss I had one scratch basically I lost like Zero cents something like that So how you can do this only when you're super We say precise with your strategy and my strategy old morning and you know, I have like more than to injure Guys over here that were following me We took like all these trades like for example H or a C and they were all profitable because each trade I pinpointed with book map exactly those levels So this was a beautiful fader and again, I don't take only shorts I take only longs right, but I have to have the setup for the box the same small caps or big caps or futures on coins That's what we do now Answering also to the to Bruce. I would say that a trader has first to form himself and find out where he can be more profitable with and This means not only the entry because then she's so simple when you enter a trade is very simple You can take a bounce you can take a dip you can take a rejection You can take a pop you can take an extension a pullback whatever that's simple The most important thing is to learn instead how to maximize your wins and cutting your losses So knowing how to scratch and cut your trades Okay, I hope traders that I answer the Bruce question over here and that was you know with my Half English have you thought and over here? No, it's just so important that I brought it up last well I brought it up over the years with you But like we covered it in a lot more detail last week In the advanced webinar and then this week or you know today. I'm asking you as well Just for more details it for example like in your management I know you take some partial profits Will you take some partial profits and then move your stop not to the actual break? Even or the overall break even basically so you've taken some profits And if you get stopped out on the rest it will be for zero But that's that's a way that I like to do it because once I take my trade I don't want to really like you know risk no more and taking the trade and If I take a first partial I'm getting out, you know the first good win Why I would need to you know take more risk after like giving back profits. No, let's not do that Let's like, you know, maybe cut it and then you can always re-enter the trade Okay, so you will then like you'll take partial profit then move your your stop to Break even so if you get stopped out on the remainder you still have a profit or do you exactly exactly? Exactly. That's that's the way I prefer to do it like for example, Bruce. This is a trade over here in the room with book map as well and Short Cut in the money cut in the money then out because it was going to break you and then we short it You can always reshort, you know, you don't need like to know to enter over here Take some parts over here put the stop loss because often this market is really this mark will give you reversals So if you're gonna do that, you're gonna risk your profits So better to exit and then you can reshort and take, you know, two good trades Of course, you can do this if you're not on the PT rule So we're talking about trading at a certain level Yeah, yeah, no, I really like it. I mean I especially think that As you discussed last week how This way of trading actually really helps you define your strategy because Instead of like studying a strategy and then kind of trading it's like well taking losses Quickly will make you study your strategy Really really well So let's look through there's a Tesla over here So Tesla grinding and I Have booked my way here on Tesla over here. Okay So last week for who came now and you know, it's hard to explain everything in one session So last week I tell you what we did and I'm gonna show you now an example that you can start You know not to trade because I want first you test the stuff But I will tell you an example of what I'm doing Last week was here with my beer think we took like maybe 50 trades on big caps Something like that and we had like 90% win rate And this is an example what we do So you see the price that is going up. All right, so this is Tesla You see the state traders price is going up and you see this dip over here around 1015 1016 Which is this dip this dip over here is exactly into my J-Lens this and this and When I start seeing the dip over here being bought plus my J-Lens confirmation See how Bruce they work together. I start nibbling over here. No nibble long Maybe like take one fifth one six your position Then you see over here been a confirmation dips and we have two main buyers I mean I can load over here and then you can take the big move I mean I move like this even if they like six seven points ten points whatever, but even if you take like four or five points You made your day Okay, then of course if your whole goes up and you know it would it would but this is not one of the set of that I trade and When I see this even here, this is my long already at 851 and 20. That's my long exactly over here Why because I have my confirmation over here that level is my confirmation So I have my setup and strategy that is working So I can take this straight over here and then I'm looking for that previous high a 53 and 50 If you go there I caught a half if doesn't go here and I'm up one hour I'm gonna stop break even if instead it goes down right now. We'll stop over here at 51 now It's the point where I'm looking to sell on the ass partial a 53 and 50 Of course, I didn't trade this now, but this is exactly my process You can see over here. They're building a bit of resistance. So all of sellers above what makes you think Maybe we have not only one buyer, but we have also some sellers. So careful This tells me okay, if we get out faked over here get get out break even don't risk more than that 851 and 50 851 and 80 the server here. I'm never longing that pops. I'm longing the dips This is what you have to do. Okay. This is One way that I trade big caps and I really like to do this over and over and over this We sure before this main dip over here. This is beautiful. This is such a beautiful thing This dip over here and of course I use my jail as a my strategy not bookmark together because otherwise We'll get confused which side I trade. No you trade a side that my I trade a size that my system is telling me Okay So the other day we had some trade like Tesla right now over here like was 942 So you see exactly when we break this jail over here at 943. This is 943 exactly over here The price goes up and then we start breaking this heat method on side This for me is a good level to short now I'm making this example, but I would never short in a trading range like this But I'm showing you if I see this and the trend is down trending and I see something like that This is exactly how I try to Tesla today and I took six points the open. That's it I think I toss maybe Tesla Another time during the day and that's it. This is another trade that I would think so I'm shorting the tops when I see the pop over here 840 839 which is 952 this pop over here. I'm taking these pops over here. I'm not shorting down on the breakdown if you're in the breaking this market You can tell goodbye to your trading you will lose all your account again guarantee and put the suit into right now So you have to treat our strategy. That's what I'm doing Yeah, no, this is great Joseph Yeah, especially like you this is new from maybe a couple weeks or a week ago You now you're just looking at candlesticks and heat map Very very simple without the dots Yeah, because I want to show traders Bruce basically, you know the easy setups you see this a 51 You know that the most important levels are the orange the red ones a 51 over here And this is exactly at 1038 and we're talking about Tesla 1038 over here is exactly this dip that I'm seeing right now Okay, so I want a lot. Sorry this level here 1037 I want a long over here exactly where we said before and then I can long again on this dip over here because we had a bounce And it's again one of my levels that I trace over here So I'm longing and recycling. Okay. This is what I've been doing the The whole time the whole time to work like this and why because this mark is not a market that you know You buy the open, you know hold like you were doing like in June 2020 2021 19 whatever now this market you long Exit short exit long exit short exit. So if you stay married to a position Bye-bye Yeah, it is it's fantastic Joseph. I really like it very very simple But look at the value is giving you there Yeah Yeah, it takes a little bit of time traders to get you know to that discipline like over here I see this a 56 my short in Tesla. Okay, we're not trading over here and BRX like Four years ago and relax a small cab think was like five million flow something like that I think now is an OTC or below $1. I don't remember even or others, okay Boxel whatever We're trading a builder cap over here a big market cap. So you cannot fight in the front side or you wait for use extensions and You're gonna see a big soap for example on the ask will you look to take dips as I told you right now This is the way that I trade the big caps the caps 90% of what I trade is trend following. Okay, as My friend over here saying right now Eric no need to be a hero Okay, no need to be a hero trade easy stuff. So break out this a 56 Tesla's a little bit going over here Now what I would do if we have a pullback and tell her right now a 54 So this level here in this level over here. We can find some big liquidity So some support like we saw over here not really looking for these Yellowish or bluish over here. I'm looking for some decent support then I'm okay I can trade that but double top in 956 a 56 and 50 over here. We have also cano. I want to see Also can over here If you're gonna have a dip too long now for now, they're selling good on cano I'm not looking for dips. I look traders that manipulation above right though. So they are simply Driving down the price on Canada from the 675 660 650 they're driving this down So I think we can stay with these two stocks Yeah, Joseph, you might maybe want to mention a little bit about the changing environment when you started to note that and And how well you mentioned how you've changed your trading Okay, there are a lot of variables in the market imagine that you have a big sheet and We'll do like this. Let me see if I can if I can draw second You know, I like to draw lately Bruce. So Trying to see if I can do that. I know you have a lot of artistic blood in your veins Shut up So Okay, yes, I can draw. So let's do one thing over here. Just two seconds so imagine that this is the market and And we have the influence over here off for example the tech stocks. So multiverse coming we have over here the influence for example of the crypto NFTs and trust me this influence the market because a lot of small cap traders went to trade NFTs and it took out some liquidity from the small caps in the last months Then over here you have for example the Fed Then over here you have for example the word then over here you have crude oil then all this moves also the VIX So you have a lot of parameters. Okay. Now the market 2020-2021 was like this the market instead 2022 is this and This is the high starting of the year This is yes This is NQ. This is Tesla This is Apple. This is NVIDIA. This is not Facebook Facebook it like this and And then you have this and then you have basically Bitcoin From that 68 over here where I said not to buy too short for example who can take futures and I called it 40 and Now we have the bounce over here and we are again at round 44 This is the jailings that I'm looking at still not along still didn't say too long over here. I'm not really longing And then over here we have what we have CL 23rd of February because it's the same thing 2008 I was trading CL and I showed a 147 145 and it took a big huge one basically I paid almost an apartment debt and This time on the 23rd of February in the room on Twitter everything I said start buying Cure all because we'll go up. It's inevitable every time that you have a worse There's a problem logistic. So it's not really that CL so crude oil nine X Okay, it's going up because they have a war. No, it's going up because of the problem of logistics Transportation and everything and also going up because of the bands now that the US Which instead I have a little bit of exposure from Russia They won't get like any kind of big disaster from the Russia thing But Europe which depends in even Italy Italy think depends like around 40% from Russia So they're not receiving any more like gas and everything from them. So the price is of course going up We were in 95 The days they were called it and that went 130 my target was 132 and the next one is gonna be 148 2008 level so when we have this when we have CL pushing up what happens you have Indo You have I MPP you have use up All these are small market cap companies that if CEO CL moves 5% They can move 100% because they have a low float high liquidity high volatility Small float boom they spike in the wind from like from 20 to 100 or something like that So is that a good investment for the future for your kids? No, it's a hit-and-run position Okay, so this is the market. We're having right now. Okay, let's go back over here and Let's see if we can take a position personally. I'm gonna take a position on cano Can over here back to the support But I don't see those big use heat maps that I saw here in the morning. You see this one. Oh my god You see something like this Call your mother you won't be on time for the food pasta at lunch. You're gonna trade long something like this We're here This is like 945 955 these dips over here. You see this dip beautiful amazing Yusa I MPP 9 Clove all these small caps. They're the same thing I like the big caps But I mean if you want a 100% return one day trade also the small caps and the same pattern is both Joseph what what does your time frame there on that candlestick you're using on book map? Oh one minute. Okay, but I I would say trials the five minutes, which is very very good Okay, David was asking so I just wanted to okay. Okay. Sorry didn't look down. No, no, no their own buddy so Not a big heat map over here where I could long actually we had a dip 850 this dip over here So we missed that So let's see EOC. I'm still in Okay, my last target traders For who's over here in book method was with us before I'm looking for that 350 34k so hold the last piece of EOC and Why I like I'm gonna do like this why I like traders For example, let's put over here Nvidia And I'm gonna show you why I like the candles the dots are good They have their utility actually the best thing would be to you have both. Okay have both things why I liked it so it really works so good with the J-Lens and You have to look for a trend. Okay, so you have to look for a trend. You cannot simply trade laterality So the trend over here is up you can see we're gonna do a little bit So okay, the trend is up. You can see we're going up over here. We're breaking Now you see a first dip this dip doesn't really touches my Heatmap and I didn't touch over here the 90 may which I use I didn't touch over here in the J-Lens So I'm not looking traders. This for me is longing into Pops not longing to dips. Okay. I'm longing here That's where I want to long because this is a dip if you touch the if you look at a chart You will see the dip over here So or J-Lens or 90 may I want to long these levels of here and I'm not really longing these levels over here where you see for example a very small Liquidity I want to long here and not over here not on the break out I'm longing over here and trust me. I made a video here for mentoring explaining exactly the same thing and I'm sharing with you So that you can learn this stuff Then you can see over here this brutal sell-off that we care we got And this doesn't mean all you see a heat map sell everything Sell everything. No, but if you see a rejection start sell partial and then you see somebody that is pushing it down Means you have more. I would say selling pressure while you don't have any more heat maps below until over here So unless a big heat map that we're gonna form at this level Okay, so if it goes up the price and we dip I'm gonna buy over here Or if it goes down and this is my J-Lens or 90 may and I have this I'm buying over here. I'm not buying over here Okay, this is very very important So in my mind and this is how you have to train retrading two million times Passing I would say 150,000 hours on your charts. My mind is like this when I see a chart I already know what to expect in order for me to trade it or in order for me to trade it Your mind in a glitch of a second has to know this and how it comes with experience with time Having a mentor doing these things over and over and over now. We have a dip over here. So let's look at Tesla You can see that we're basically dipping over here. No support. It's looking for a bounce over here 227 30 I'm not longing yet. So starting to be green So I want to see over here another formation of heat map coming Making a first hard low, but you can see I don't see any kind of support I don't see any kind of support like for example, we are over here, right? It went away. They cleared it So it's true is making a first hard low, but it's not 100% low risk trade So I'm avoiding it. If I miss it, it's okay. You will miss so many trades. You're not to take Take every single trade out there. Let's see Tesla over here Actually, sorry in video. Okay, let's dip Now probably this will go down Why I see sellers over here in the tape No support holding no reason for me to get in long on this, okay So when I say the tape means the time's in sale. So nothing really Really crazy Yeah, let's see also cameras coming down over here apple Apple remembers below that previous day range. So huge amount of resistance 163. I wouldn't long over here apple Let's start looking more instead at Nvidia So trader, you know what I'm looking for, right? Okay. It's flashing over here. See a buyer is flashing right now a little bit late You don't want to see You don't want to see late prints over here No trade No trade yet Small liquidity No trader in Nvidia Let it let it come down. Let it come down That's the scurling They're looking for a breakout over here So let's see if they're going to clear out 856. Remember, I don't long breakouts. Why? Uh, you wouldn't long this break over here got stopped long this break over here got stopped Long this break over here got stopped long this break over here got stopped Or if you long breakouts, you have to have so big Big big stop loss. That is incredible and it's really not worth the risk of a worse scenario So let's make it this breakout and then we buy dips, right? So again, where we buy dips J We buy dips when we have heat maps coming Or like we were seeing before we hear heat maps coming and so on. Okay. I'm not going back But I'm not definitely buying break. Let's see over here. So we have this level of resistance at 856 and 40 So they're trying to break it. You see they're actually breaking out Apple here is breaking out rejection So used up resistance level as a guide Okay You can see over here where they're doing right now. They're they're like selling it and Reason why I don't like to buy breakouts is this By the way, they break boom. They form another resistance Bigger selling pressure over here. You can put your times and sales on bookman way here On the side and start looking for the fields Now the fields means executions So breaking that at 57 too far for me to buy this Let's wait dips We're gonna also put up above Kano Which is going almost to the J lines So J lines over here exactly at the 627 Okay, we have a little support around 15k on the heat map I'm gonna remove a little bit of These I'm gonna filter them We're gonna put over here 5k. Let's see if it's gonna Be better. Yes, definitely. Okay, you see how it's It's much better right now They clear over here the support you can see Simply cancelled Right, so all this resistance at 5650 In order for me to buy tesla when I dip into a big heat map In order for me to buy kano When I see a big heat map over here and then bind the dip when I buy the dip I risk very small That's where I would say you have the edge I'm risking like let's say one and generally I go for three or four So even with a 50% win rate, you're gonna be very profitable And that's the fake breakout again on tesla. You see why not to buy breakouts They're gonna smash so They went to get This resistance a 58 resistance still there So they breach it like for 12 cents Trap a little bit more longs and then fake breakout Joseph, can you very quickly show if you just right click in the heat map there somewhere and show the heat map settings? Yes, one second Okay, so this is how I use the twitters Bruce personally, how do you use it? Yeah, I mean, um, I usually use just use the go in the bottom right a hit restore But I can see, you know, you you've got the low cutoff lower cutoff all the way up Um, and then the upper cutoff up pretty high as well So you're just filtering you're filtering for looking for only those very significant areas of high liquidity Uh, and this is what works for you Exactly you can also put in the the exact number of Shares as well. Yeah, it doesn't really matter. Um, I know I know you use that feature a lot, but The slider works as well. Um, it's just by preference Yes, personally, I suggest traders over here to you know Just like try what it worked. What works for you I find myself that if I have it like this, you know, I need to see things very clear Because I'm not looking at one stock at a time. I'm looking like 10 12 maybe And I need right away to I would say understand what the the stock is doing I mean, I put this right away understand. We are an uptrend and then I'm looking for dips. That's easy Right, that's easy. The same thing over here looking for the uptrend. I'm looking for these dips All right, let's see over here if we can have an entry So we have a dip exactly that level. That's the level over here That's a good long. Okay, so I nibble over here something at the 60s 854 and 60s because I see heat map. I see my level over here may seem my support So risking very small and risking like 50 60 cents To have at least three are already with a pretty good p&l for days so I can risk this So I got in over here in the dip I'm going to look for a 56 something like that to sell on the ask If I see something like really scares me on the tape like the 50 level We had a fill of 50 level over here. If it doesn't reclaim, I'm going to cut it fast See the second bar as a seller. I don't like that So right now minus 15 cents minus 5 cents I reclaimed the 50s. Let's give a little bit of work Let them make it work over here We need the 50 support 53 58 60 It's getting thinner. Okay. They moved the support You see over here now the heat map is growing. So now I'm looking for that bounce over here. At least I want to see the 856 So I'm risking 50 cents to make like one buck and a half I'm up one buck and 10 I'm going to sell on the ask Okay, now I can sell break even so I'm risking 854 and 50 I think we will go. Uh, yep 856 So I didn't get a fill 856 But that's exactly a process. Sometimes this will go like maybe one buck. Sometimes we'll go 50 bucks There we are 856 856 and 20 x6 and 40 took the first partial right here Now what I do I put my stop 855 I'm getting a little bit of uh reason to work Okay Yeah, beautiful. Joseph super simple and uh ineffective. Uh, I just want to note like it's not only the heat map It is the reaction to that heat map That is the key Exactly and then you can simply Hold your trade and push it That I mean, it's a hard thing to get across in the book and the book map education about that point. It's just because the Um event or the heat map shows that there's a lot of demand On the bid at that area, you know tremendous demand um, it is the context Of the reaction to that demand that we want to understand. So I mean, this is just a beautiful trade Now I'm already up three bucks almost 858. I have another cell 857 over here a little bit more can think and squeeze above 858 I'm not taking any size over here. I mean generally when I'm book map. I like to do or low size or Simulated to just to relax a little bit But this is for you know educational purpose if you want to really like Make the the big wins first readers you have to study Or say all book map and also my trading strategy. Otherwise like this, you know, following two alerts doesn't make any sense That's important to say So there's a process behind Now when you see Before we're talking about when to cut Okay, so you long let's say here or here when to cut You have to have a target. This is for me the first target. I just trimmed over here small exactly here too small Now what I'm doing I'm risking nothing So I'm basically can risk like in the money 855 There are like 1700 shares And each time let's say the stock Maybe not now, but these stock this go up. I'm gonna risk the relative high relative high relative high So I'm basically Raising my trailing. Okay Now careful over here for two two, uh, two things Uh possible breakdown deaths we are exactly So when I saw over here, this red bar was looking for this breakdown possible coming over here. So always know to get out If doesn't work Okay Now let's see if we're gonna have something else A sts on watch readers This is how j-lines work. So I've seen some traders That couldn't find a way to trade That heat map over there is this one Bruce look, this is sick. Look buddy nine big heat map over here nine exactly to the j-lines I mean, this is really like Easy money easy easy easy money This is the easy money. Great stuff joseph This is a sts long Dips, you know, of course, I didn't take this. I I cannot trade every single thing out there But that's really the setup where it tells me to long Okay, so from tomorrow, you can so look at these things Uh, the other thing is uh, tesla. What a great risk management It's exactly what we are talking about if you marry a position right now That's the reason why I don't hold and I take cuts was in the money made money not much Next time will but this is basically the reason why I cut it. Okay, so we took the long We got out partial we got out more over here and now it's flushing Okay So this is so funny because mary is in the room with us bruce. She has book map And uh, she was basically shorting when I when I sold all the position She's doing amazing things amazing things very very good trader So congratulations So jaylon's over here. Let me try if you're gonna have a dip Oh 850 whole big roll on the number. You want to see a soak just put your dots over here Put your dots I don't like these kind of dots So I'm gonna do like this not bad time. I'm gonna put smart So when I see like over here, it's like, you know, the the the red blood cells over here is congratulation Okay, that's a basically my translation absorption That soak up here was sick a 58 on tesla beautiful beautiful beautiful beautiful Uh, jaylon's june is uh, I can tell you in this way. It's a 7289 m8 But it's based on expansion numbers of Fibonacci that I was trading Between 2003 2005. Okay. Cannot tell you really the month because I don't remember And being that our Fibonacci numbers they reoccur with time And you can see I have more than one jaylon's over here. So there are different This is the main one then I have this and this they work for different patterns for different, I would say setups And they work extremely extremely good. Okay, let's look also the five minute chart over here Tesla right now dipping This was also nice support to start over here 850 and 50 You take a feeler You put the stop at a 50 So you risk like 50 cents 60 7 maximum And then you can look for a break of a 53 and look for a 55 target Let's go back a sts So he has coming down vixus pushing Ciel is bouncing so The reason why indo If you put over here also husa are bouncing It's for that Okay So that Let's go back and tesla They broke the support a 50 main support over here 848 So waiting No other trades Getting towards mid-morning Almost the target over here traders 340 looking for eos e sts and waiting it's lateral I do like this And this is simple lateral over here right now No reason for me to trade it Nvidia waiting Hudson over here They had to use this morning Waiting when I see a possible push 530 where Jlan's curl up for long Tesla just watching right now is fading so wait SBFM was the biggest gapper this morning now. It's bouncing Into big use liquidated level That is a short. I mean that's really a crazy crazy short Let's modify over here the candlestick. So when you see this this Price section over here What are you gonna do you're gonna simply start shorting near this a lot over here? Okay That's a huge amount of selling pressure. It's a wall of sellers Okay, let's see Arab Nothing for now was waiting for more extension this morning and also a piton Okay, nothing All right ISTS Holding the J lines This can give us some very good upside in the afternoon ISTS No heat map below Bruce. You see over here. No heat map below the ones that I'm looking for okay And therefore for me not a long trade-off here if I had heat map This level was perfect. Basically like the level we had before So at nine you see that dip over here at nine zero five, which is this one. This was absolutely incredible Let's see also if 935 we had one. Oh, yes Well, actually not really as I wanted one a little bit more liquidity Maybe this is a good starter at nine forty six over here Or this one over here at 10 zero three. You see the dip over here at 10 zero three 10 zero four And let's clean a little bit our Heat map. So this is my process over here. We're gonna put 4999 to see how it looks Maybe a little bit too much for this liquidity I'm gonna put 2499 Yeah, I believe this is better Okay, so clear out over here 950. Remember before traders we had a lot of resistance 980 and 10 This there is a 960 then we have over here 980 and 10. So let's look at ASTC ASTS, sorry We could push right now to 10. Let's let's watch. All right traders any questions Let's take a look here. I think I've answered most of them. Um Yeah, I just um, I just want to reiterate. I mean first off like, um, you know, I just Love this simplicity. Again, I mentioned that all the time to you, but just very very simple straightforward You have your higher time frame Uh, you know in your j lines your retracements. This is something you've studied over the years And then you get this, um, additional edge Via the order flow And putting these two these two pieces together like like, you know, if you don't see that heat map set up Uh, for example, um You know that okay. Well, yeah, sure. It you know, I'm still looking for it to go up. It hit my j lines, whatever um, but you It might go sideways for a bit. It might not it maybe it will go up Maybe it won't go up But when you see the heat map and you see that that reaction to it, um, you have something much more solid Uh, and you're looking for that follow through Basically buddy as uh, I I think trading made more simple like that Uh, and uh, it gives a lot of conviction. I mean, I I mentor a lot of traders beginners or even advanced they want to become professional And, uh, 90 percent of them are using book map. Uh, and it's really like a game changer Uh, this doesn't mean every single time you see a heat map guys, you're gonna trade it You need a strategy. Okay, it could be a lot of strategies could be I trade with patterns So I have like 10 12 patterns that form my day trading strategy and I trade in the I trade them systematically every single time then from time to time I And we were talking about this me and bruce. I back test the market I look everything that happened if you know that pattern works right now or maybe We'll work in other six months and from now to six months. I'm not gonna use it And because the market's cyclical, for example, you cannot trade in a bearish market right now Which is starting to be bearish or at least as sideways. We cannot trade the same setups that we are trading when the market was bullish What do I refer to the market up to? Yes, spy. Thank you. That's the leading guy. Okay So the same setup that I used to have for example down the over that I was having a crazy high wind rate Now I'm not even taking one trade in the last two months on it Because simply doesn't happen that happens in a bullish market So recognize the cycle recognize also that you have to trade differently with the different cycles of the year Okay, cycle scenarios Uh waves, whatever you want to call it, but that's very important. We have the Uh consolidation. So accumulation. We have the markup markdown and also we have distribution So there are four or you can just like put like Uh accumulation distribution and sidelines three. Okay, choose one of the two but basically the same thing Yeah, excellent. Excellent stuff. Uh, uh, thank you very much joseph. So, uh Anyway, for those attending, um, this is what joseph does every wednesday. Uh, basically so, um, You know come on wednesdays. Uh, tomorrow we have scott bolsini on thursdays He's a futures trader and he trades live So, uh, this is just something we offer. Uh, so you can get some insight to, um, you know traders like joseph how he is um Going through his trades, uh, what he's looking for exactly Uh, and uh and learn, uh, how these specific traders are using order flow Uh, and joseph, uh, I've pasted in the room here. Um, your contact information if someone wants to reach out With your mentor mentoring services, etc Thank you, but traders, please write to bruce is available 24 seven. So always write to him first. Okay Uh, I I can't tell you how much I appreciate that joseph All right traders, so I think we had a very good session again, uh bruce, uh, almost awesome also over here Uh, see you again next weekend. Uh next week actually Thank you bruce again. Thank you bookmap and thank everybody for following us today If you have questions or reach out me or bruce or bookmap support. Thank you very much. See you next time Thank you. Thanks joseph. Bye. Bye