 Good morning traders and welcome to the book map live trading webinar with Jay trader we stocks trader we do this every Wednesday at 10 o'clock a.m. East Coast time Here in the US, but Jay trader comes in a little bit later. Typically. He's finishing up his trading room So he'll be in shortly and gives us a chance to kind of give an overview of what's going on in the S&P or the markets in general and So this is the part of our education that it's for free, but There's we offer an educational course. We have the live analysis That we have every day Except when there's live trading like with Jay trader today and sc in scott-placini a futures trader tomorrow So that you can not only get that live analysis, but then you can look at also some live trading using Their methods for trading order flow so a very complete package We also have Tom B and the afternoon going over volume profile with futures Jay trader you guys know who he is if you don't I Can give you more information on it. He is an educator and mentor so he does offer these services I'll put his links into the chat for you And need to go through the disclosures. This is important. So Please take a listen general disclosure all book map limited materials information and presentations are for educational purposes only and should not be considered specific investment advice nor Recommendations live trading is in simulation demo paper trading mode and strictly for educational purposes live trading executed in simulation Cannot accurately represent realistic trading performance Risk discos are trading futures equities and digital currencies involve substantial risk of loss and is not Suitable for all investors an investor could potentially use all or more than the initial investment Risk capital is money that can be lost without jeopardizing one's financial security nor lifestyle Only risk capital should be used for trading and only those with sufficient risk capital should consider trading Past performance is not necessarily indicative of future results All right, so what yeah, it is all for educational purposes. That's really the key here It's not to shadow is to learn And the the execution is done in demo All right. Good morning everybody. So let's let's take a look here and overview of what's going on I will look at the S&P e-mini here to begin with Always kind of interesting to see this The pre-market and then the cash open here as you guys can can witness here the high liquidity here in the S&P around this 3840 level And we just trade it into it and we can we're just Seeing a pullback right now And then high liquidity down here at the cash open that was hit down here around this 3812 1112 something like that it went lower I went down almost to about 3800 the figure here just shy of it high liquidity in here Look at the reaction down here Look at them bid up in front in all of these areas in fact here Even a little bit of bidding up in here, but definitely bidding up here Definitely bidding up in front of the 05 level here and then definitely in front of 3800 as well So, you know that gives us some insight even on the higher time frame here zoomed out looking at you know Some hours of data here, you know, you get a feel for The demand in here and we can see the reaction by the aggressors And they came up back up and tested the top of the range here Up at 3840. So that gives us some insight now Where are we going from here? Well, let's take a look and We can also recap yesterday if there's anything you guys want to go over yesterday So, okay J trader just said about five more minutes or so Good morning, Bruce. Oh, there you are. Good morning to the traders. Good morning, Joseph. All right So guys, we'll hold off on this one. We'll jump right over into stocks. That's what you're here for And listen to the expertise from Joseph. So let me Joseph, I don't know if you're presenting your screen yet. Just one second Bruce. I'm gonna put the Streaming, okay Got it. Hold on a minute. Pop it out. Got it All right, so good morning traders. Good morning, Bruce. Glad to be over here This morning I had a plan to shore the market if Yes was fading and I was looking at the big picture at yes over here So I was looking At this support that we had this morning to rate 12 and You can see traders. I'm pointing out that the level You can see over here. This was the micro support that we had this morning We also had this uptrend line. So I was looking to enter on the fill of 38 12 Target 3800 and then looking for them wine. Okay, so this was the plan and I was looking at Book map on yes, and then I was looking also at meta Tesla and Amazon, right? So I really like to play or to trade with these options One they're very liquid They can give me a lot in term of percentage. So even if you have a small account, you can build your account very fast Of course, if you're good at it and after a long experience of long practice But actually five ten contract only of Tesla Taking a good trend will really build your account very fast, right? Now not everybody is able to take five ten contracts But you can start with one or two or maybe go in Apple, Amazon or Nvidia, which are cheaper I Like Tesla because when Tesla moves give some very good runs Okay So looking today, and this is a tip that I gave you Good morning, Bert Looking at yes And looking at Tesla today, right? I had built on my say on the monitor I mean Tesla was One or two seconds late versus yes. There was this kind of slips, right? Like a marketing balance and And that I use that's a reason why I use yes to Take the best move on Tesla So I took a position on Tesla short 690 I'm going to share over here in the In the book map In the book in the discord room. Okay, once we finish this This this streaming So I took a trade For the same reason that I just explained, right? I was looking for the fill on yes I started looking for this Down trend today on On tesla this was yesterday breakdown And this morning was looking for this breaking over here over this level support 685 And I was looking in this target. So my target was 658. We didn't reach the target We didn't reach the target for the reason why I said before yes Started to bounce on that trend line that I that we are looking before. Okay, so yes is the guide You can use the cues you can use spy, but I really like yes, right? I really like the futures more than for example looking at etf for the index, let's say the spx So in this case Wash out over here exhaustion of the move push back up now We don't need to trade all day. Okay. I was done after the first The first exactly 20 minutes the first 20 minutes And I would explain the process I recorded also I recorded this and I will share after my recording so that you trade if you want you can just ask me and I will share it So the open was uh stuffy And uh, we were pushing into this resistance 680 92 693 was very stuffy over here, right? So we were having a double rejection Uh decent amount of volume not high volume Um, I'm gonna put the five minutes just to show you the previous days resistance So that was the pre-market high. Okay the 698 I always trace the pre-market high It's very important for me to have a like a reference And then over here I trace. Okay. This is my pre-market low So when we had the open I was looking for this uh micro resistance that we had over here 692 693 So I started to look At the main support, right? And everybody over here would think wow, we have this big eat map Big eat map over here big eat map over here. We have a lot of buyers. So definitely This talk will go to go up. But if the market is fading Okay, Maita is fading. Everything is fading. Well, Amazon had a little bit more relative strength today So a little bit different from the overall market But once I start seeing That over here, we couldn't have any more buyers you see over here traders, right? No more buys and then putting a lower high And if you look at these Tops over here, I don't see any kind of dot, right? So the the blue dots just to explain Are the buyers the gray are the sellers And I was looking at this level of uh support So up trend line in this level of resistance. So now you see Uh bull trap. So we're going to talk about bull trap how to Understand when longs are trapped, right? And my beer was over here next to me She's my mother. She's also trader So we're looking at this together and she was pointing me out in the same moment Maita And this was super clear for us. So we saw over here really the spike So this spike is like buyers that are jumping in Taking this for a long Instead they reversed it. Okay, they reverse and when we start cracking over here the 690 Exactly this area. I shorted My risk was 692 and 50 So as I said, I will put over here in the community of Bukma after my trade I showed a 690 The last cover I had at 672 boom They done why Now I took partial profits along the way In a precise system. So getting out in 25 per cent and I even recycled this But the point is if you look at At this over here At this downtrend, okay, you can understand right away one thing Each time this pops I don't see buyers And bruce will tell you the same thing There are no buyers on these pops Or very lame buyers over here So we have a ton of sellers look over here My sellers are great remember, okay, I just didn't want to put too many red because with the heat maps I I cannot see them very good But the point is when I have no buyers And I have my system that is telling me over here, okay to go short Okay, I need to stay with my plan and hold my position Okay, so this is extremely important respect your plan respect your position and then don't only Focus on the entry because entry is like 50 percent of the equation. Maybe even less The point is the management that really puts you in In having a big R return or a small R return. Okay. This is the first thing So we started to see over here, uh, breakdown wash Breakdown wash breakdown wash. So these Green dots that you see is the sweeps indicator each time we crack the support You can see stop losses Boom wash, right? And when we have this right especially the last one Uh, all of these stop loss hit right so they're getting triggered Fuels the downside So the more we see this scenario, okay, this is a stair step down pattern My favorite I was saying one of my favorite setups for for the shore side the better the The the short the beer strain to happen now I I was looking for a breakdown of this 670 with a target. You can see over here. I had my support At 658 When I started seeing yes bouncing, okay, remember that up trend now we spoke out before I avoided To I would say continue to shore all the way up, you know adding any adding. I'm not doing that So I trail in the money trail in the money means like I took all my profits cashed out and call it a trade Okay, a good trade now Again in order to trade this we need the s You can see we have over here some more buyers above the vweb But now what I like about this trend we broke it So again, we broke it over here bounce back up and then fail Same thing happened over here So we broke the trend bounce back up and failed even rejection over here. This is a rejection from the vweb So let's see if tesla Will unwind and we'll get the lows We're going to use to charge the same moment. So we're going to do like this We're going to keep tesla over here on the right Actually, we're going to keep over here tesla on the left And we're going to keep yes over here on the right. Okay, just to show you Uh, how I use them right Okay, so yes breaking down the vweb again breaking down our trend line tesla doing the same thing actually I prefer to put them like this. All right. I think it's perfect So now remember what we said before the target 31 38 12 and then 3800 on es this time I'm not sure anymore in tesla. Uh, why? basically time to connect with book map here and uh, just simply waiting I will explain the setup we had My day is I would say it done and got to the level I wanted not the retreat Uh What I'm looking then on tesla Is the reach of this 670 support If you break you're going to look for the 658 This is my hourly chart These are the levels and the trend line that I saw yesterday. So yesterday trend line break Uh breakdown Next main support level that I'm looking at is this 658 Next over here 634 628 629 over here. Okay Well, let's see right now. You can see sellers in control I'm support 675 Nice trend line break. I think this is a Is a perfect trend line break. You're beautiful really beautiful trend line break So below you see yes with the five minutes art over here Above you see tesla with the one minute chart And then book map over here. Uh, this is by the main support 670 Meanwhile, I'm explaining this stuff. I'm also looking at other interesting stocks futures and crypto In options. So I'm going to explain if we have something more I'm looking right now, uh, a bounce on nr sen which this morning was one of the stocks that I traded and uh I I was in a On on the pre-market wasley stream on youtube I called the trade 325 short over here risking 335 I'm still holding. I took a big chunk out at 270 Now risk and break even What I'm going to do over here. Well, we can see a previous level of resistance over here into this Area over here rectangle I'm seeing some resistance over here into this area 320 I'm looking ideally for that 320 resistance. Okay, so let's follow together nr sen And uh, this is a stock that gapped a few days ago two days ago exactly um Just to show you it's a stock that Has a six million float, right six million float Right now we are trading um Right now we're trading uh 21 million Okay, so already three times slow rotation law and see which one ownership um Stats tells us one day close red one day close green on the day And loves to extend average high of day 1108. Okay, so let's see if we can have a possible push to 380 This is a stock that is hard to borrow So you won't find it on a lot of brokers Uh, it's an hard to burst up. Remember k so for who is not I would say an expert in shorting Shorting position is totally different from the buying position. You need to locate hard to borrow stocks And you're gonna pay a fee for this, right? Then depends really from the broker more or less Tesla over here a bear flag It's gonna we're gonna see teslan winding and yesterday We basically had a stress-free trade all day long from up here From the first day number decision we had in 67 30s down over here to the 699. Okay So I'm watching over here patiently In our ascent as well I will share also the chart of the stock if we're gonna have the setup coming Uh, you can see over here for now. We have some buyers, right this this blue At the view up over here. Somebody's trying to sell it I believe you in a lot of short sellers over here jumping in Yeah They're trying to hold the view up the view up in this case traders is this Red line over here. Okay In the previous resistance over here is at 315 The main I would say resistance of the day is around 320 325 So simply waiting So they're holding that three dollars. I'm looking over here If they're gonna put some supported three So I'm looking the c o b on the right Go long far. I don't know 333 303 They're trying to hold it over here I like this fact because the higher the better for me Uh, not a good signal from yes so You can see they're holding this superior support right now. They're really forming a wedge So again, no direction because remember when you're trading you want to see a direction So you want to see ideally the breakdown this support the sub trend line So if this is going to be the scenario right now on es We're passing from a trending scenario from yesterday of yesterday To a consolidation inside Previous trading rate scenario. Okay, so Let's wait a little bit on es and also on tesla to find direction They put some resistance between 305 and 310 So for now, I'm going to put over here traders I'm going to put over here nrsn See consolidation At vweb level These are the levels that I'm watching so the 305 the 320 330 Daily resistance remember daily resistance is a 330 today on nrsn Yeah, these are the simplicity Joseph I have kind of an interesting question here from from you two about Um, you know, I we're aware that we know there's a lot of fed speakers Uh and right now powell is speaking um What I've seen and I was just writing this and I thought well, I'll just ask you instead because like I've seen You know you with these small caps and these small caps in general like Their news story and their movement is bigger um Or has more impact than um some of the fundamentals out there some of the economic releases or or some of the you know geopolitical stuff that's happening And people are trading Around the news on that very specific small cap stock Um, it'll go the opposite direction of the of the main market. Um, so How do you how do you factor in I'm just wondering or You know, how how you deal with that? Um In regards to kind of uh The yeah fundamentals or bigger picture economic releases, etc with some of these small caps Yeah, that that's a good question. So, uh, when I trade big caps And I know there's a fomc or Fed is talking or whatever the macro news is I have to be very conservative I never want to take a big position Before the news comes out And for me, this is very important to be conservative always wait the reaction Okay, instead of you know guessing You can have you know a forecast you can have some kind of idea But for me, it's very important to wait and see the direction what the market is going to do Uh, when I trade small caps it's just like a word on a word on a side in the sense that uh The specific news that that day is driving Uh is making gap up or a gap down The the actual small cap is more important than any other news So the impact for example the Fed or any other Uh is not important on the small cap itself at least for the actual day where it has Uh news so it has a different relative strength Uh small caps are a different beast So all the tactics that you trade and you may use on big caps or mid caps Cannot uh we say reflect in the same way in small cap plan for example When fomc comes out and you see the market up and down let's say in a matter in a matter of minutes Small caps are doing totally another thing or even not considering that So you don't see this movement on on small caps Unless it's directly correlated to a sector that is moving in that moment Uh from you know any speaker that we may have So the good and the bad part Um big caps are totally correlated to uh, we say macroeconomic news and uh futures indexes Small caps are not correlated to anything unless it's a sympathy of a sector Therefore different way of trading okay different way of trading Excellent, thank you joseph You're welcome So traders, uh, this is important to and making this stand In this case the impact of a seller on the on the tape over here So we see that somebody Uh just put himself on the ask over here 305 and when they saw him what happened boom somebody dumped over here Look now they're reclaiming with pretty good volume. This is a fake breakdown of the the vweb I grabbed over here some small long 305 So i'm gonna see over here if I have more push and risking very small around three two ninety nine three I will trade very small because the day was already done for me with tesla and uh I was short on nrsn Cover everything in the two ninety nine now grab some long over here, but it's not working. So we'll cut it tiny position for me right now Just holding over here with the vweb If I see a crack we'll get out We can see they're still trying to hold the vweb So in this case we had a fake regular vweb Right away came up Long partial over here 304 205 Very small a feeler because my plan over here is to short the 320 That risking just this vweb over here The same time you can see I'm so watching at tesla then I have other monitors where I'm running other stocks I'm running also cryptos and uh mark a little bit lateral so for me just like I need to wait over here We need to wait market direction You can write tacos 10 30 traders Very sideways right now this tesla no rains for now on tesla. I need to wait I'm watching this moment. I am t e a k us um Yeah, nothing else But you can see over here on rsn in this case The morning gave us an open with a bull trap So over here, this is one of those set up that we see often So we can see that we had a top Dip into the vweb So longs over here are getting in Right away. They sell it. All right. So this is similar right really to what happened on tesla And then this is your wash your wash. You will see also over here sweeping the gear on our set The point is this is really Why happens to this? Because we have still still sellers, right? So bag holders they want to sell from two days ago. Remember this Was a big runner two days ago on um on monday And then it's simply this morning when they saw this pop Sure sellers and also longs want to sell this and they dumped it over here until the the level of hero zealots then making higher lows And uh We are holding this up trend line. All right, so until we're holding this up trend line We're still trying to bounce That's the reason why I had an idea over here to take uh A small long till the 320 Uh, I got stopped out over here exactly at this point 96 And over here, we saw another fake breakout, right just like over here, but we see that Uh, you can also put on the five minutes We see that the resistance over here top boom fail Over here pop boom fail and now we're holding back the zealots over here. So let's continue to see this I think it's not done for the day, but it definitely needs volume if you want to see a push over here The first day was an incredible long two days ago It gave us an a plus setup over here. This was a perfect dip Came a big long over here from 250 until 330 in about 10 minutes of Of trading session. Okay. This went 80 cents 80 cents on a three dollar stock. Okay. We're talking about A 30 percent over here And then it topped so you see the same stuff and fake breakout that we had right now and then it faded So they're using the same criteria over here. They're using the same setups You can see over here again the breakout right away. They failed They dumped it and we went back to the zealots. Okay, I started watching over here at tesla So breakdown of the support And we're going to put back over here. Yes Oh, yes, very choppy still you can see how tight this range is We have a trend line Hi, ryan. So ryan is asking if I was on trvi. Yes today. Yes, buddy. Uh, we showed it from Put over here from the daily level over here this top And uh, it came down. Sorry From this daily level over here. So three dollars and 270 was a daily resistance I showed it to the 285 But I covered uh, too much over here And then I didn't read any more. I'm still holding this trade when I ideally have the two dollars to cover um Over here, I was waiting for this 280 285 never came. So I didn't add to my trade Yeah, was our setup over here. I called Traded alerted 285 over here this morning So now easy fader. I believe we can go to the two dollars But not a big A big trade for me is a set a scale out too much of the bweb they had Um on our 70 rvi Uh cbi o tesla uh made over here my beer. Yes and cl But again traders, this is something that I feel to tell you Uh When you start trading take one position at a time Maybe even one only product at a time. For example focus on our stocks or crypto future on Mall caps or big caps and uh or options Don't trade everything The second thing is that not every day you need to trade look over here traders fake break down Yes, and then bounce back up Don't trade every day because for example Uh last week I traded big caps. I believe four times And I had four wins And from uh, I took two days in a row Three trades, I believe and then the last day I took one trade on thursday So you don't need to really trade every single day just trade when your setup is there Sometimes you want to trade, you know too much to build account faster, but that's not really how it works Okay, so now everybody will help me to make a process over here on IMT Okay, you can help me you can like uh write And uh, we're gonna look at this stock. I didn't trade this stock I didn't look for longs or didn't look for short yet Just want to see first of all the stats So we have a company based in Hong Kong. It's uh a technology sector company We're talking about IMTE. All right We have a 12 million float So the amount of shares you can buy in the stock market is 12 million Uh, even if their shares out are 14 million market cap is very small very tiny 42 million We have a low short interest Uh low institutional ownership. So if you think our big firms big institutions banks over here Uh looking to buy and hold this long term. This is the answer This is the answer. Okay, go check google go check for example, uh, let's say, I don't know amazon And you will see a different institutional ownership. That's the first thing Why it's up no use Okay, so or we have a sympathy Or it's just like a newsletter or a pump. Okay, when I have something like this ideally I want to take a short Or I'm I'm along. I'm along is mean a long base on momentum play Financial I can already tell it there because they're not really good. Okay. Just not to say bad words Close below the open two times So 100% these stats Uh 1043 high of day. Well, now let's start looking IMTE daily And let's start looking at our levels We see that we have a lot of bag holders over here So you may ask me say, what is bag holders? Well, when you buy something and you are underwater you mean means you are a bag holder Okay So you're holding something that is below your, uh, say break even point Um Yeah, big parabolic move over here remember these days Uh Big dump over here. If I remember good, we had a big offering So right now I can see a resistance over here in the 380s I also want to Put my fibs Okay, nothing until 476. So not really counting that too much So resistant at 47 at 378 380. Okay 380 Let's see if we have something else is the resistance A little bit higher over here at five Yeah, all the other resistors are much higher If you look over here on a one and five-minute chart Uh Yeah, we had a setup Based on my rules long over here on at 346 345. I didn't take this. Okay, then take this Now I'm looking this 380. Okay The volume is very small No news So no news no volume idea. I'm looking to get a short in the 380 if we're going to have that 380 So this is something that I just simply will put On my screen Follow it I'm going to see if I have that uh that push So they're attacking that resistance 370 Not there. Yeah So 370 traders you can see that before we rejected At least three times One two. Yeah three times we rejected for now big resist 370 Let's see over here And this is really this is a sense of small caps, right a stock that is moving without news Fikes of volume you can see a lot of spikes over here 200 so we have some buyers that are trying over here to push this But at the same time we have a lot of sellers, of course Of course, we have a lot of sellers So joseph, I mean the player the players behind this is more or less kind of like a pump and dump Yeah, uh, you really you really got that buddy It's really like a pump and dump So I'm looking at agin or agin Which is doing the same thing so we can look at this as well together bruce And I'm looking at this daily resistance right now at this level over here 240 250 Next level three dollars three ten There we are And I don't like this over here. So we're going to put inherit from an rsn. Okay. This is perfect So I start our short right now 243 on agin Sorry 245 one agent for the reason that we have the daily resistance of stuff I'm beautiful over here. You can see traders the also the level of Sweep right away down And the point is let's look it together This we want to show this I treated so many times agent in the past. So I know how it moves See if it gotta go up. All right. We have seven times closed red below the open. What does it mean? eight gaps eight gaps all right eight Seven times closed red on the day So I'm not really looking to trade long unless this would have like, you know today 50 or 100 million volume Right now has 11 million volume Uh average high of day time 10 o'clock. So 1045 for me is a good time. We're the day the short reason Okay And uh Let's see But I believe this is gonna go directly into the 220. So let's see if we can go to the j lines 220 225 All right Joseph on these um more, you know, kind of geared toward the pump and dump style How many of these do you find our ssr? It really depends from the day bruce Last week, I remember three days in a row. Everything was pump and dump ssr But let me tell you something c e a d and all his friends Who are beautiful longs. So uh the first two days I long 90 of these And only when they go extremely parabolic, they are good reason to short You you really got the point over here We had i m d o h u s a c o g t day d a w n c p t n c m r a Just remember by memory are all of these And the first day if you are a short seller earlier Okay on these I think in the evening You will need to go to the To the doctor because you would have a big headache And the point is ssr on all of these stocks that I just said especially go check traders d a w n c p t n c m r a They give some big squeezes. Okay. So high volume ssr on No parabolic move. No really big daily resistance. I mean don't try it. Okay. Just go along. Just go along Just go along interesting so it in in fact it it sounds like potentially the short is After you see the squeeze Exactly exactly first is like bruce. Uh, it really is like this we want to see The stock going and a lot of traders short over here And then they get squeezed they get out over here and then this is the stock So by the way traders i'm going to post my trade uh On on the discord room of book map so you can see and follow me Okay, that is okay. You see that's called timing. All right ryan birdcaf. You can all see it I'm also gonna put over here. Uh, my tesla this morning so you can see it And I took 18 points of short And you can see the management You're gonna also post when I'm all out Uh trvi and if we have a little bit more I wanted to post uh uh nrsn So right now break down to the trend line next target 229 So We're gonna go for ideally that 229 no really support over here Until this 222. So you see how book map is beautiful over here Really, this gives me all the information that I want. We have the daily resistance level We have the lower high We have over here. What? This is a point of exhaustion Why I don't see buyers over here And then we don't see any kind of main support until this level Okay, so the previous resistance support level over here. You see that over here. We have support traders There's not any more over here So what does it mean? I'm gonna take a trade Every single time I see this pattern and I will have at least every time four to five are with more than 80% win rate So just money makers set up for me And you don't need to take, you know, all the move from, you know, 245 down to two I don't care about that when you take at least even 15 20 cents You're done So Vweb over here 232. Let's see how it reacts It's always interesting to see at the Vweb. Why what is the Vweb? Okay, we can say in color and all the name basically is the buyers from short to long or to look from long to short that is really like the the division And if a stock wants to hold it's going to hold around the Vweb zone So that's the only reason why I haven't my charts Joseph, you kind of alluded to something kind of interesting about well, you know, you're done for the day I mean, you've hit your your targets or whatever um, yeah, I'm just kind of curious though. I mean like, um If you see another a plus setup I mean, you will you will trade again or or do you say like no, I've I've hit my Yeah, we're very very small size that everything that I'm taking being it's a loss or a win Will be impacting maybe five percent of my PNL So because I reached my daily goal So when I do that, I'm fine. I'm done I can see still a plus setup because the day is so long But I want to be conservative and also Bruce. I'm not that young anymore So I really want to save some energies also because I have to mentor my traders and Be over here with the guys in in book map beautiful community So I'm trying to save a little bit of energies Not over trading everything I'm trading right now is smaller size And uh, and that's for me is the the most important thing right now understood. Yeah. Thank you So that is gone. We're gonna leave it over there. Let it work. I'm tea. We got a 368 No, I didn't get a fill because I wanted higher to the daily resistance Uh, thank you the the three and the two worked even better. Yeah Uh, Tesla traders tesla Is a good trade over here. I would like to know somebody some opinions over here on tesla. Is this a good trade? Yes Come on. Let's uh Let's also Can ask question over here. Is it a good tesla trade or short or long? What do you see over here? I can put a bigger picture and I can put also book map up over here So this is what tesla is doing right now You can remove over here All our levels So my club and say no because he has yes above j lines All right anybody else And there's no really good or bad explanation I mean, we're over here to discuss things together to learn MTC was never far to give me an 8% Okay, so the point is As we said, uh, when we started this, uh session misdemean Yes is the guide Especially today. I really saw this one to second. I would say Slipage between yes and tesla. So really it was like It was like following yes to trade tesla with a very good edge And then I already explained we really went over all the levels that we saw in book map that was super useful so Having this Okay is our main parameter Right now. Yes is not really trending. We are still inside that pre-market trading range Exactly top ticket say no yes and support exactly perfect So if you look over here go back to the hourly chart or even to the four hour chart So we don't see any kind of indicators, right? Just over here trend line support resistance. This is really what I like. We're over here We're over here. There's no trend right now Okay, you can tell me j on the medium term or in the short term as long as We can see the two last weeks over here. We're up trending Okay, so we dipped into the support. So we're up trending right now But if I'm looking in the intro day session, we're not trending at all right, so we are Projecting the resistance bouncing in the support. I don't know what it's going to do. I don't care I'm not going to be there predict or trying to be an usurada. I'm a sukiers. I'm going to trade when I see my setup, right? and The great mech lobbying in top tick I agree with you guys. I definitely agree with you so in a scenario where the market is doing this I'm still having my eyes open because during the day I can have you know another maybe pattern Just looking yesterday The first 30 minutes we were not giving a having a trend on the market And then we started to dump and dump in beautiful shorts a lot of puts options in play But right now if I start looking at amundsen If I start looking at Meta if I'm still looking at nvidia if I'm still looking at apple Start looking at google. So all the stuff that I'm watching. They're not really doing what I need to trade Okay So let's look at adjun over here from 250 down to 226. I don't see any kind of main support Uh, let's look at iMTE Still holding that level over here We had an RSN sideways action over here We had trvi Sideways action over here. This is gonna dump. I'm looking for those two. So for me, no reason to cover before We had also this morning C vio Flat for now Camp I missed it This is This is the How you say in english apotheosis Okay, basically, this is the example of what is a small cap Okay, just look at the start I'm gonna bring up also book map. So to show you a few things On the right, you can see a daily chart on camp camp is a small cap That had in the last few years more than 10 gaps days these gaps were based on news Uh agreement and other things And each of these gaps faded with more or less extension So you have over here the summary of what the majority of small caps tend to do They tend to go back from where they came from So it's like an edge. All right, it's like an edge. It's like, you know, it's going to fail All right, so I hope it's not your marriage, but basically this is small cap land So traders when I see during the day and I didn't trade this today. I was waiting 135 140 Double top over here beautiful fader Okay, this is the stuff that you want to trade Uh, I will bring up over here a chart so that you can see it's not my chart, but just to see to see how to trade the stuff Okay, so shorting those levels of resistance and then taking the fill And if you look over here on book map It's so simple to understand A first part of our chart, even if you think well, I can understand jay with all those dots Okay, a first part just look visually over here. We have a ton of here blue, right ton of buyers I don't see them In a predominant way anymore in the second part of the chart in the second square rectangle Okay, what does it mean the longs the buyers? The demand is gone supply is above reason to fail Now you can ask me jay then why if you knew it you didn't trade it Well already trade like this morning five six things I cannot trade everything and I said honestly, I wanted to see it higher I was looking for this uh resistant 137, which was a daily Sometimes I put myself maybe too a little bit too conservative But that allows me to have a very high win rate and a very low drawdown on all my accounts And that's that's great discipline, uh, joseph It's great. Well, we need that bruce. We need it because I don't like you know um roller coasters I'm afraid of heights And I don't like that feeling when you're down like 30 40 percent in your account this morning was talking with a friend That he has exposure on all the cryptos And he bought all the cryptos and altcoins when bitcoin was around 37k So you can imagine bruce 1920 today How good you can feel when you go to sleep knowing that you know a big chunk of your savings are over there Okay, so this is what I like to teach. It's not really Before thinking about making profits think about how to cut your losses how to know how to lose It doesn't mean that your Goal in life needs to be losing money. No, my goal is need to learn how to lose So that you know how to cut how to save your capital how to save your profits And how to avoid big drawdowns Once you understand and you are able to learn how to cut a position How to manage your account then you're able to trade This is the first thing it's not really important how to Take a trade. It's more important how to manage the trade So the korean union workers is asking how you do get smaller drawdowns Uh with strategy first of all, so you need uh, I would say a back tested setup That gives you stats of win rate Uh of average win average loss of each setup the drawdown that you may have Entry exits trailing all in a system Okay, so think about your mind When you do this process like your computer you have to put like the inputs And then you have to work your equation for the result Okay, that's the first thing The second thing is Ability once we have the system ability to Put in play the system. Okay For example, you can have the best setup in the world But if you're not able one time to cut a losing trade you can blow up Okay, and everybody in life had big losses everybody Everybody who tells you life? I never had big losses or is a liar or never traded. Okay So the point is to have bigger wins than losses or Even less losses than wins. All right depends really then from your ratio profit factor The last part is I believe experience Okay, so experience seeing these things over and over studying the setups over and over Having a mentor really all this helps a lot. All right, let's go back and check all the moves that we have today My house drawdown depends on which market I can tell the highest drawdown I had in life was a 23% buddy In the last at least in the last 10 years and it's really It really sucks when you're down And you have to dig into a hole, you know, so always better to cut the position So mate over here Sideways for now. Okay. It's slowly down trending, but we're still inside. We're the open level So for me, this is not a trade. I have to wait camp. We already passed on this Faded. I missed it PRvi we said we're short over here 25 and everybody will ask me jay. Why are you short? simply daily Set up pre market that I trade So things I look are book map my setup daily chart Times and sales I look in that moment to see if I had sellers and then I took the trade Was I full size? Is this a 10k trade? No But the point is is still a decent profit. I trimmed something. I trimmed something now I'm holding risk break even or two dollars target Tesla I share my trade in book map room In a boiler room as well. We take all this unwind over here. I didn't trade this anymore. Why sideways for now I'm not trading choppiness. I'm waiting the break on 670 if yes, we'll give us right. Okay So be conservative And if I'm going personally to trade this again, we'll be such a smaller size that If I have an eventual loss would impact more than five maximum 10 percent the profits of today risk management always nrsn so Set up short similar to trva trvi Shorter over here into the 325s Cover partial partial cover all 299 3 Took a small long over here got stopped out seven cents waiting The only reason that I will be looking to short this again Not longing for this again because we have a huge amount of daily resistance bag holders crappy financials And I would say also A lot of bag holes that want to get out from this 320 330 otherwise no trade I am tea I was looking for short to the 380 Didn't get to the 80 main soak over here that you can see so a lot of absorption 370 over here Actually 368 really a lot of absorption over here And right away they they pull it. Okay Longs exhausted on this move even bigger sellers over here dumped Uh, did I have a setup? Well, this is what I call a stuff move pushed into resistance um Yeah, just uh Daily resist 380 for me So it's not the actual place where I wanted to short what I do I simply missed it. It's fine. I'm gonna go over. Okay to the next one Mabir. Yeah You see the big one over here That over there As in the last one we're gonna hold it. Okay A few other things that I want to go over btc usd Sorry btc I don't use uh, I don't really like to also be here for For a big coin and so I'm just putting over here. Maybe I'm gonna put a better chart But I want to point out a few things This is the setup that we had this morning And uh, I use each time book map. Uh, we went over last time We made the crypto webinar on how I use book in the setup that I'm looking. I also gave a free pdf ebook to all the Members in book map So if you need just ask me or bruce and we will forward it to you if you're part of book map And uh This is the setup that I was looking this morning So we had the first breakdown over here actually uh two days ago and this morning. We had the setup over here Just fader from The the main jay lines over here and now we're looking if yes, we'll fail. So if you like if yes, we'll break this support Then bitcoin you can see over here this support bitcoin next star will be 39 36 19 36 Sorry 19 Uh 360 19 360 pardon If we're gonna break that And we're gonna have more and wine. Maybe we're gonna have this 17 000. All right 17 000 All right, so Yeah, I still need a little bit of unwind All right, let's look at agent Tesla, I believe it's the most interesting right now Support 671 over here The rvi backed the v-wap But i'm gonna wait a little bit Just patience right now. Just about patience on tesla. So we had two main Levels of rejection directly into the jay lines Uh resisted a 685 Okay, this was my level that we traced But I didn't jump in none of these two. So i'm simply waiting over here. So we have also ATGM Uh, I'm waiting traders this uh, okay. We have resistance 130 And then also 160 So looking at two levels HTGM That's small So we're gonna put a new stock up another small cap. So you see how many setups we're gonna have during the day, right? And again, you can see all of these work extremely good with the jay lines Okay, work extremely good with the jay lines. Perfect. Are we here for a perfect long? Now we are far from that support So we're gonna look for eventually for a trade not yet for me Is it over here? But i'm gonna wait. So we have a daily resistance 130 on the hdg m Why 130 because we have a small gap fill and putting a daily chart up But you can see my daily chart over here We have resistance 125 to be precise 142 and 160 over here We're talking about the small cap and from there went Watching over here this resistance on the daily chart this 130 over here As a possible, uh, short level Let me see this You enter over here Big push You can see that burst in volume right now. So I want to check over here traders the news one second 80 gm always do this process 7 million floats low institutional ownership Uh sc 13 g so institution. So potential clinical application for hc transcription panel and bladder cancer cancer news, okay It's always a decent news over here cancer Let's see the previous moves. So this was a fader When I check when we have at least some volume, this is three million three million So the only one with the decent amount of volume is this one which faded on day one Okay, let's analyze over here the price action It's very stuffy over here Into this 128 128 they're trying to break this Ideally, we're going to have a breakout of 132 130 and then a short So let's see that they're trying to trim 128 129 right now If you break this 130 Next star is going to be 140 142 I mean while I'm looking over here again at tesla But I think it's important over here to see the moment Uh of buying right now Okay, so they're buying you can see my dots over here before you can see like uh one hour ago buyers, and then they dumped it Now they're trying to break the 129 The previous I was 130 Yeah, Christy. I couldn't just thought 130 over here 130 breakout So we see buyers trying to push previous resistance 132 sellers over here reason to shorten 130 risking 132 So stuffing to resistance. Let's see if it's gonna work Again trading very small this time See that 130 they reclaimed the 130 They removed that 132 we're gonna go 142 or 160 See the spikes. Yeah So spiky over here 130 micro support 127 132 resistance So I'll have some buyers, but if we break this up trend line over here They will dump so 132 risk target 118 Two cents risk for example in over here to make like a 6r That's always the plan always risk to have you know three four five six are more, okay Breaking down the support over here if we break this 128 It's gonna probably wash over here. So look at this, right? Follow the tape over here in order to flow on ATGM So holding the trend line. So there's trying over here to accumulate See they're trying to buy a blue trying to come out, right? the 130 They were filling the 129 refilling means that they're putting back size at the 129 And so I'm gonna call it breaking down the trend line. So let's see if you're gonna have that wash 127 key area 127 28 again More resistance over here on the ask So if you look at 130 We have a little bit more resistance Now 129 on the ask I don't see any more big buyers in this moment Okay on ATGM I'm looking at this If 130 will go Reason to get out with the scratch trade And no actual buyer over here. No actual buyer on lower high formed right now So watching this 127 key area Ah, yes, top tick I will answer. Let's see a few seconds of here the trade So let's see the position 127. They have some support then we have no support down here See can really go straight down to the 118. So let's see if we can have that Hmm We have to go back to look at tesla as well Breakdown of 670 So let's see if we're gonna have a setup So, uh, Irvine is asking jay question. Would it make sense to short tesla jain rejection 1054 spy made lower high with a df spy lateral market Yes, but remember it's not an a plus setup. So you will trade it with like a visa exactly Exactly you that, you know, my strategies I would definitely go with lower size because we don't have the trend formed on yes So yes could still be very sideways Uh, there we are watching coming. So that's a sweep for me. It's very nice to see it like in action, right? 122 I don't see really big support until 118 If it's reclaimed then you have to take out and basically take a scratch You're welcome. You're welcome top tick Okay, so 122 121 You can see the breakdown over here 120, right? It's not a really a free fall just like slowly going down 119 At this point you can basically risk break even or all the way down I also have traders trvi that we're gonna Keep a check on this one Let's go back right now to tesla This will be for the apple new incoming main interest for me Rejecting the support 671 A nice nice absorption over here on on tesla You can see this level over here. They trigger this level 670 down to 677 now bounce to 671 All right 1130 any more questions? Let's see No, nothing over here Okay, so jay needs to go take a coffee And as presser today and as presser bruce, okay, I know that you were going to ask me Yeah, yeah, I know the afternoon trick Never never cappuccino The no question here about the the pdf on On discord so Lucero, I guess you can probably find it over there In the in the chat or jay adjoseph if you want to if you want to post it in there again Yes, actually I'm gonna post it once we finish the streaming and We're gonna post it in in the crypto room is fine there bruce. Yeah, that's fine That's that's the place to put it. So look for it there guys if you're interested Okay So all right, I think we can wrap it up over here bruce. What do you think? Yes, definitely I think I'm due for a coffee along with you You're funny All right, so hope that you enjoyed the spirit that we have today Very good market to trade. Good luck for afternoon reach out to bruce or me or book map for everything Glad to have you over here every wednesday and give us a thumb up really helpful If I can also add bruce You're doing a great job. So really masterpiece Thank you very much traders. See you next time. Thank you book map and take care. Bye. Bye