 All right, we are streaming just a second. Let me check We're good John. We're good All right Well, welcome everybody. I'm looking forward to presenting a series of Trader development webinars presentations we're going to go over Today how achieving peak performance is the key is to you know really understanding yourself a little bit about Dharma Dharma's you know one of the Dharma capital is a fund one of the leaders in the crypto space and I'm formed a company called Dharma capital trading which is really designed to empower traders and to Help them attain excellence basically, you know, we're here to support you with our analytics our applications and analysis and our Trader development programs and just to come an overview on the business and then you'll see a couple different mentions of The analytics are done by JS services and that's been rebranded as JS analytics so I started JS services back on the mercantile exchange floor in the mid 80s and Our new application our new web service is called the JS playbook And this is all housed under Dharma capital trading So these are the different is it kind of kick off this series Working with book map. I'm going to go kind of through the whole process as a trader You know really building up your foundation I touched on in the last webinar. I'm just you know we're basically a fact-based analytics firm and So we're going to go through each week, you know kind of the foundations that you know things that you need to acquire to really have clarity and to perform at your peak and You know, this will be a theme that kind of go through You know with everything I go over is a really big believer in intuitive function so, you know Kind of performing out of body, you know as you know athletes, you know Kind of get in the zone You know as you're as a trader you get into the zone and you just can't do anything wrong. You're just fluid You're not thinking you're just doing and You know, that's the state that we want to attain, you know, it's easy to you know as soon as you recognize that state You kind of fall out of it And so and then how do you get back into it? How do you get in flow and stay in flow and so That really comes down to clarity awareness and knowing yourself And you know a big part of it is self-trust so, you know Really, you know Overcoming the challenge of you know knowing but not doing you know a lot of times you're in that trade and you get this You know, this starts to well up, you know, you're along the market and you know It just things to start to well up that oh, you know, I That should get out I should get out and then you know, you're just you're discounted you start And you know what I'm getting greedy though, but I think it's really it's gonna go to my target But your body is kind of telling you it's it's time to act. It's time to do something. So, you know And that's where a fact-based analytics come in and having a baseline comes in to help you make those decisions and You know as you become as you fine-tune that, you know, you're gonna gain more success And you know basically more doing less trying, you know, there is no try, right? You just do And so, you know the strategy based You know on a foundation of truth. This is gonna improve your awareness your confidence and your self-trust So and it's so important to you know have this the foundation of truth meaning facts you know, if you if you're building your base on Subjective opinions or sub you know someone told you something You've got a subjective Technical analysis tool that you're using your tactic that you have to Constantly interpret You know your body knows that there's a problem there because it's not a truth And the more truths you bold it bring into your your trading You know that's really going to help you to eliminate you know the emotional decision-making and It's going to allow you to make these objective decisions, you know based on these facts and That's going to lead to you know better trading performance and a more sustainable trading program You know, you know, that's you know having that baseline that fact baseline You always have something to go back on so we're all we all have opinions without we all think You know, I kind of I tend to whenever that word comes into my brain, you know, I think the market's going to do this I really just kind of kick myself and And go focus on the facts, you know, what's the truth out there? Because thinking can just get you into trouble. I just want to focus on the fact what it is What's the what's the context and then act and so, you know as we you know build this fact foundation You know, we're you know, we're really at this stage. We're just talking about, you know, how do we understand ourselves? You know, how do we understand those emotions within ourselves and have better clarity of what's happening inside us? Because intuition drives success We have to anticipate to succeed. We can't react if you're reacting. You're too slow. You missed it So you need it so with facts and the truth You're able to anticipate what's more likely to occur And that's really having, you know, better awareness of what the market state is You know, what's the context of the environment? You know today was a big day, you know, we had inflation figures coming up, you know, so everything's all keyed up on that So the market's going to behave differently before it and then obviously it's it gets you know Your expectations have to be it's going to get a little wily when the S-rig when the figures come out and You know, and so you have to adjust your tactics to the context, you know And there's context in economic releases. What day that's going to happen is it happening tomorrow the next day the third day That's going to affect today, you know The time of day that it's happening the time of day that you're putting your trade on You know, what you know, what is the market in a positive trending state or is it in a dead digestive state? Is it holding structure is a breaking structure Where are those structure breaks? What's the what's the best strategy theme that should be occurring, you know Understanding the complete context of where you're at then that can help you really get into that zone It makes it a lot easier to kind of plug in when you have that statistical foundation and The big thing about this awareness is you know real-time clarity You know, so I mentioned, you know This is going to shift when you as you get become more aware of the context and of the structure and of the facts You know your decision process, you know, it's going to shift from reacting to events to anticipating them What's more likely to occur? And that and this is this is where you really succeed in trading is when you're able to anticipate and on the real-time clarity it it when you do technical Analysis or when you do you look at a chart at the end of the day and you can you can look at your indicator and say Oh, I should have done that this this but in the real time, you know It's not that obvious and it's always, you know, typically, you know, things are really obvious after the fact in hindsight So by focusing on facts and by understanding yourself, you're able to focus, you know, interpret those facts better You'll be able to do that in real time So in real time, you'll see you'll have that clarity and you'll be able to anticipate Just like you were going through hindsight. You'll be there in that moment And so, you know, just you know kind of dive into this intuitive trading and You know You know, I'm a big fan of the matrix, you know, it's in the scene where, you know, you know, Morpheus is teaching the young Neal of, you know, limits and The programs have defined structure and limits, but a person can kind of go beyond those and You know, so as a trader and even if you're trading a system You know, your system has to reset You know, and your system can't absorb, you know You're gonna have you may have some size management tools that plug in because this did that and this has happened and you have some alignment but you're not seeing all the other things that are occurring now and Your body does and so your body knows when hey, I should contract that size or I should I should potentially leverage this up Or I should, you know, lock in some profits that can always get back in and you know being able to dynamically adjust things and you know intuitive and Doing that, you know, that's really your edge over in Algo is that you can, you know, how you can really adjust your size Or lock in your gains, you know Shift things in the moment stay within the guidelines of your structure but but having that intuitive function is key and You know the to really shift so that you're able to stay in the flow stay in the zone you really need to quiet your mind and It's something that I do every day and you know, I encourage everyone to do it is, you know, take some quiet time before the markets, you know either exercise or Meditation or you know, just kind of centering yourself and quiet in your mind, you know And you've gotten getting that peace, you know, that's because that's where you really want to start You know, you have that that peaceful base and then you're able to See, you know, what's real now with and it helps you to understand when you have these different Biases that kind of creep in You know, it's a good time to just kind of quiet yourself and that's that's what you need to really, you know Kind of help helps you to you know, get back into flow or get into flow and stay there And so this self-awareness, you know is You know the key and you know training your your conscious ego ego and your unconscious mind to work together, you know, you have these two selves You know self one and self two and you know, you've got this relationship between Your ego that's telling your body what to do, you know, oh, I can't believe you missed that trait. Are you kidding me? Well, you know and just kind of you know, you're yelling at yourself and You're you know, you're Subconscious which is doing the actions and making things happen and Is constantly processing so many more facts that your ego can't even you know comprehend and You know you The more you understand yourself the more you can you know help to you know, even out those conversations In fact, that's a good a good tell that you're off balance if you find yourself, you know berating yourself or Or even the opposite, you know, just congratulating yourself typically when you congratulate yourself is when you step out of flow Because what happens is when you're in flow your ego is not in charge It's it's sitting on the sidelines Letting your body do the action letting your body do it and it it misses getting stroked so as soon as you take Accountability for those successes that you're but that your subconscious has been doing it kind of flips you out of flow You know, that's a key. That's a classic way to get you know get out of your that flow is to Congratulate yourself, you know, so, you know, then you really have to it makes it even more more difficult to kind of get back into it And that's where you kind of just go back to the fact focus get get centered To get back to you know, what's real and get in the moment and So, you know having this fact foundation as a baseline, you know having a statistical baseline Which is this is that what we provide to traders is this this baseline statistics, you know that That's kind of bring you back to center, you know, and it really you know, it's it's just and it's it's a great benchmark Good reality check And but the key thing is it it helps you, you know return to that flow And so, you know, this is what it's all about, you know, self-awareness, you know Then self-awareness in your in your trading and in your life, you know, just the better you understand yourself And your own character and how you do things and You know, you're emotional. You're not emotional enough, you know, what's your, you know, why are you trading the first place? You know, what are your motivations? You know and really Taking all those things into account as you're putting together your trade plan Because that's gonna make it more sustainable. So if you're you know, the better, you know yourself and what you're, you know You know who you are, you know, there's really no Good or bad things. There's absolutely attributes that are good for a trader, you know, if you're focused That's a good trading attribute But that's for a trader who can kind of stay on their own if you're not as focused me You just maybe need a coach, you know, a lot of athletes have coaches, you know And so, you know, and then helps them perform it that perform with their best, you know But understanding that that can be helpful to you Okay, you need a coach or or a trading partner. It's a big deal. And you know, little things make a big deal You know, but understanding who you are first and then developing your You know, your trade plan around your core strengths You know, that's that's really the the key, you know So this way you're you know, you're developing a trading approach that that fits your style who you are You know, that's that's why it's divable when you go into a trade room or you're Found somebody else's style. It just might not be yours and might not work for you. Most likely it doesn't You know, the reason it works is is that you That works for them is because it's designed around them, you know, so so it's something to You know, if you're able to Put the trade plan together based on your core strengths. It's gonna help give you more sustainability and understanding how your Personality traits affect your decision-making That's going to help you create a structure to compliment that and It's also the Parts of your personality that aren't good for trading might be good for something else You know first Socializing or meeting people and playing with your kids or you know, whatever you do You know, you know those things might be great attributes for that But in trading they could hurt you and so you need to understand what those are And so you need to have you know kind of rules in place or guidelines in place So you avoid them and so it doesn't turn into Losses for you, you know, so, you know, basically We follow the five factor method and it breaks the personality types down to openness, you know, so appreciation of variety of experience and You know, this is an interesting Personality type because most people and a lot of traders have this are in this type of personality trade and it's And there are more explorers and they like to experience new things and actually in trading it's it's that's not a good thing And it it makes you question your system. You're always kind of looking for something new You know versus someone who doesn't you know scores, you know lower on this, you know, they're more Steady, this is what I do and I do it. Well, and that's my story. I'm sticking to it, you know And so, you know, if you are on the one end that you like to you know, explore and do stuff Oh, hey, you know, you need to you need to have some structure you need to have a baseline and and You know an absolutely statistical baseline can help keep you kind of focused on that you know conscientiousness is really You know has to do with your Focus, you know, and so understanding, you know, if you need to be motivated or not Do you have what it takes? Is this really what you is this trading really for you? You know and your extroversion has to do with your work environment and You know, these are like little tweaks that Make a huge difference. So let's say, you know, you're an extrovert and And you're you know, you're trained from home and you know You know, you're only allowed to trade in this one area and it doesn't have a window and it's just a you know It's just this, you know, planned room with your screens, you know Well, you naturally need more stimuli and if you don't have it You're gonna take it out on the market. You're not gonna be patient You're not gonna wait for your signals to come to play and you're gonna you're gonna go and And it's gonna give you that angst Because you have this need to kind of do stuff. So, you know, you you have a music plan or the news on or you know Try to find you know, get to a spot. This has a window, you know, or you know, be more active in you know You know the social chat and talking markets or something You just need some type of distraction so that because that's gonna help you actually focus So just a little things like that just you know, you know, putting some incense in the room, you know Would make a big difference and it would just take that little edge off from you know, you wanted to just, you know, cook the mouse You know grippleness is As it says being agreeable and that has to do with you know, I Kind of do challenge do challenge the facts, you know You know, do because you have the you're right and you have the pen You know, that's that's something to understand that hey, you know, I have the strong opinion and It's hard for me to accept the truth sometimes, you know And so, you know, you understand about that self that you know, trade personality type, you know, if that's who you are Can help you can I stop yourself and just say hey, you know, this is a truth and I need to focus on it And you know, I need to kind of just move that Questionable nature of mine out of the way so I can focus and then you need for stability in trading nearly comes down to You know, how do you accept, you know risk and how you manage crisis and are you Kind of calm and stable or are you just kind of reacting all over the place? So, you know having a you know a good understanding of you know your profile You know, that's this is just setting the whole foundation for your trading success because you're gonna put together Your plan based on who you are and because that's going to give you the sustainability so we've put together a court strength assessment then going to invite you guys to take if you're interested And you utilize the five-factor method. I went through the five dimensions just now. It's it's a standardized, you know Personality profile assessment people been using it for years you in business and You know, we we've just gone through and identified How that affects those results affect traders and you know specifically for trading But you know, you know, and when you go through this you will Absolutely kind of nod your head because it's it is who you are and it just kind of brings to light things that Are you and then and identifying them? Yeah, this is how it affects your trading and yeah This is and you'll kind of shake your head like yeah, and ideally it's going to give you the incentive to really Focus on that trade plan and build it around who you are in your trades And so if you Come to our website Dharma capital got trade and you register with us Then you will be able to access this page and then you can take the the assessment here and then it'll it'll print out that this page here for you and it's just complimentary and It's going to give you some great insight and then you know, feel free to Check out our products as well and And also if you wanted to email me To kind of discuss your profile and see you know help you with your path, you know, we're you know, that's what we're here to do So I'm not before I Kind of go further because that was really the bulk of what I wanted to get into today. I wanted to see if there's Any questions come on you Anything coming up on your end. I'm not seeing the questions come up here. Well, if you have questions, you know Please Yeah No, I don't see questions here. There's Luciano who asked within the thread What about those numbers you see on the screen with that and then icons just started using book map? So sorry if this is obvious that I then green circles or icebergs. Yeah, I think that's That's from a different Different presentation. Oh, yeah, my bad And John one more thing if you can just increase your volume with an OBS is on YouTube. It's a bit low Okay There you go. All right, so let me Pull up a couple things here So that's our website and you can come here and register and that'll get you Get you set up. You can take a look at things and yeah, I also invite you to Come in and test drive our Playbook application This is you know, we're talking about statistical baseline We're covering crypto and we're covering futures Have all the the main futures. We've got We are covering some stocks and also some ETFs and so this is you know, this is the you know, we were talking about context You know, so you as you as you're putting together your trade plan and you're defining What you like to trade? What style you like to trade? Are you a trend trader? Are you a reversion to the mean trader? You know under this this tool helps to identify Market states, you know, so this is you know, either started out today in a in a neutral state It's you know, it's kind of the state, you know, where's it going? It's getting ready to make a move What's the context of that state? You know, what's the structure of that state? You know, just again just kind of that baseline fact of okay, we're we're neutral what we're positive above 1531 in In ether, you know and because we're in this state, you know, what strategies are the best strategies? You know, we want to buy a dip if we if they give it to us. Otherwise we're going to If we break out a neutral we're going to follow that so, you know, that's kind of what happened Happened today as we had a breakout in the market so it's just so Having this context now. We're kind of prepared like okay Here's my statistical baseline Here's the structure. Is it holding structure? No Markets nice holding structure today market broke out in my previous presentation. I went over Talked about price structure. So we'll just kind of layer that in and you know talking about facts How do we find that? How do we get into flow? having that baseline So This blue line here is the previous day's high previous days close And this is the previous month high so this is Bitcoin and The perpetual contract and so UTC standard time is the opening at 12 a.m. So we're opening up and we're opening up right within the Previous days high and previous days close and then we get this kind of a spike through Telling you know these I like you know, this is kind of just a tell You know, it's again. It's just you know, here's here's one, you know understanding yourself Helps you to understand the context better And so here's a situation where you know, the market's telling us hey We're positive we want to go higher and then they you know, they quickly squeeze back So you see this all the time in crypto But the important part here is okay. Well fine So is this a head fake and we're going lower than it should just go it should just read You know, it should start feeling we should start trading below the previous days close Fact is they didn't You know, this is exactly you know, this is as simple as it gets, you know, hey, we went above yesterday's high and We're trading above yesterday's close So that's your baseline you know, you have this positive baseline and You know here, you know, we've got the you know You couldn't can use the VWAP here and you can see it You know as the market, you know, it's kind of just rotating around and obviously it's waiting for a news event So this is to be expected But then just before the news event starts to make a move And now we're back up here Kind of can you know, we already had the tell here and now we're back up above previous days high We're you know, this is positive Where can it go? Well it could go to you know, maybe we're gonna see a test of the previous months high You know and if the market's gonna reject which it did off the figure back down the previous days Hi, you know, that would kind of be it We then we maybe fall back into the digestive trade or lower trade even and you know, today's a big day We you know, we made a new monthly high So it's a huge deal. We got a lot going on Bitcoin and You know, so, you know we So Bitcoin was similar where it had the Breakout above the upside pivot 2014 So here I'm gonna put the the market structure on, you know, the basically defining This is the kind of the neutral zone here So again, it's just further clarity markets in a neutral state. These are the parameters of the neutral state this was a tell that was a prelude to this and This is telling us that the market is no longer in neutral You know, it breaks out of the band. It's telling you the band is expanding. So if you came into the session with a Fade expectation That a couple things are there's a problem with that because it's not true anymore because the market broke structure So, you know it so, you know, it's more likely not going sideways. It's gonna do something else It might reverse or it might break out And then the fact that it's holding above the closes Is another truth that hey, we broke out to the upside and we can't get below the previous close And then we're starting to trade above the previous days high and now we're above this metric As you get into our stuff this these distances between these major Price map levels or market structure levels are called an average price map distance And you know, this is the expectation is a two-way PMD break on a breakout. So you get a breakout critical range You get a two-way PMD move. So this is kind of the big picture and then we have some Minor levels that help us manage our positions and So this is where we are, you know, when you if you're getting whatever your trading tactics are Where are they occurring within this structure? And so now as the market is at this point We want to start to move into the microstructure. So this is kind of the macro structure. So we have the the big baseline With the playbook and now we're getting more detailed Within the structure and we're at this point and now we want now we're trading the market And we want to come into the microstructure And so this is where book that comes in it's all again. It's all awareness and as you improve on your You know Self-awareness and you gain more and you're going to gain more Self-trust because you're going to stand who you are and your plan is going to be designed around yourself And you're going to put yourself in situations that you're comfortable with and then you know having a good statistical baseline and then having a tool like book map to Execute and So here we're in the moment and so our structure all our structure levels will come up under these the cloud notes so when you test drive the Playbook you can go to the our download section and you can download the book map Data file which will populate in cloud notes and so you just Pretty easy to set up you literally just drop it into I'm using This platform is called CR charts So I I'm dropping my book map into this directory But you could just create a book map directory for your data file and you could just you know put that file name here And then it's going it'll populate this column and you just you know insert a column and you can drop it in there So now on the bigger on the macro scale Is this positive momentum going to continue are we going to have an event and make a play for We call it ut3 upside target 3 and it's making that decision right now. So I use the The multi-book which combines You know these three different exchanges their perpetual contracts kind of gives me a blend and So You know this you know, it's you had this huge powerful surge during the event this morning and yet all these If you're not familiar with book map, these are volume dots Which you can adjust here. This is a perpetual contract So they won't even you know, there's a minimum threshold before they'll click in and so this is this is called intensity of trade you really have a big intensity of trade into this extreme and we know from the from our structure that a normal Breakout of a neutral digestion of the critical range is going to target two APMDs so we know this is a An objective and especially when the market makes a linear move like this into this kind of a structure point And they came out it came up and just Went to this minor level through this major structure and then settled back down within it to digest So this is classic the market breaks out It tains its targets and then now it's digesting just underneath the target area within this zone So it's making it kind of a new range here to decide are we going to extend higher? up to 27 to 58 area or Are we going to come down and retest you know the 25 400 level? Which is all which is the previous months hot and right here? It's it is it's a bit of a flip of a coin the fact fact is if they do Stabilize here, and we'll take a look at book map in a second. They do stabilize here It's a sign of strength right because the pullback is shorter So if we start trading back above here, which is a kind of would be a fresh signal we get back above 26 200 That's going to be a signal that hey, yeah, we might really go for a run We really could have an event day And come up to these levels here Versus if we aren't able to stabilize above here It's more likely we're going to retest the previous months high makes sense That's going to act as support. It's also a structure point for the day Now this structure is going to update at the end of the day. So we'll have new structure At 12 a.m utc time 7 p.m central standard time, which is where i'm at So that's something to take into account of what time of day everything's occurring So we can see how this you know This you know intensity of trade continued And the market exhausted This is kind of classic how it exhausts that these minor levels through a major level And then we get a sharp move back below it So when they come back down through this metric so here on the book map We can see as it came back down through that metric, you know, that was a tell that this this type of Accelerated move is over So it's an important concept here. So you've got this big intensity of trade coming into this what I call a spike area And again, it's just awareness in real time You know that the structure you see the market holding this positive structure It's just continuing to make higher lows. And then here we break this structure And then here we validate that break On the price structure and then here Is where we validate a failure From this if the market is super strong, it's going to base above this metric and it doesn't You know, so going with the fact focus, we know that this is a potential target We know that it had the huge intensity of trade. You know, these are just facts We know it hit a structure point came back down below it Which basically tells us this is an exhaustion signal or what I call a reversal signal With them, you know minimum expectation, you know Expectation is to at least come down back down to this level if not here And so now the market's making a decision How we're going to end off the session? Are we going to extend? You know, just kind of really three scenarios one. We're just going to digest within this tight zone We're going to pull back And retest this area or it's just going to go and that'll be a trigger here So if we're trading making a decision, so on depends on your You know, if you're long bitcoin and you're managing it, you're adding to it Do you have no position on? Do you have a position on? If you are long the market, are you what are you willing to give back? So these are just this is how you can use structure in your tools to just position manage your position So I know that, you know, I'm So right here I'm getting some liquid, you know, I'm looking for the liquidity to kind of build up and build above here That's going to be a positive signal if this is the selling pressure comes down And I'm getting offers down here pressing below this metric. I know that I'm this thing is vulnerable to a break And where can it break, you know, I can break you can pull it back down to these levels here back down to here Do I want to give that back if I'm long? That's the question Do I want to press it here? This is, you know, helping to identify risk reward You know, if if the market's going to stabilize, it's going to stabilize here. What's my risk? My risk is 25 6 20 What's what's my minimum expectation if even if I'm not even You know for two scenarios that we have one scenario We're going to come down here and go here the other scenario We're going to rotate within this zone other scenario. It's going to break out and go up to here So if we're putting on a so we got two scenarios that this is a decent risk reward ratio just to buy it right here We risk under this this metric And we can we could look at come back over here and see if there's any other I like to align price structure with market structure So we have it's a great thing about bookman because you can just Really dial into stuff So here we can you know, just take and look at what's these what's this price low? So putting our you know, if we're going to have stops we want to be you know If you want to put them below that structure below that metric This is nice when you have this confluence here and and that's our risk, right? And so if that's our risk What's our potential rewards? back up to 2600 or Making it play for 2700 basically so having liquidity build up It's either going to hold or it's not let me pull up another the other thing that's nice about Bookmap is you can take a look at different order books as well It's how in the u.s. I can only see the finance through the this multi book I am trading the perpetual. So this is the spot. So spots a little bit off From the perpetual so I don't have the same confluence It's nice when there's alignment. So if I'm looking at spot, it's nice to see when the spot's in alignment with structure as well But you can also go into the individual order books as well So having a fact focus is what's going to Help you stay in flow And whenever you get out of flow Going back to basics and focusing on the facts is how it helps bring you into it You know, this is what our method does incorporates a statistical outside view You know, which helps to slow down the decision-making process and minimize those biases that you have and You know a great book that I've recommended in the last show is thinking fast and slow by daniel common and You know, we talked about the you know the inside the outside view and the inside view The outside view is having that statistical bias It's a statistical baseline You know from his quote, you know offers more accurate prediction than your inside view within your then you know Your intuitiveness can be skewed and so when you have that baseline you can kind of sink into it And so that's what uh That's what our analytics do we provide that fact-based solution Is an objective statistical baseline for a structured trading approach And once in this approach can be applicable across All markets all time frames all asset classes all trading styles And we cover, you know, I showed you we cover, you know, basically all it's the same thing All the metrics are the same they translate from one market to the next you can be trading stocks crypto futures It doesn't matter so I welcome you all to come to Dharma capital dot trade and take the personality assessment for your core strengths and And and also if you're interested in sign up for our trading tools for a trial Uh, you're welcome to do that as well So any any questions you can email me directly I look forward to presenting next week and next week we're going to go over then Know your enemy So basically, you know, who are you trading against when you're out there? What are there? You know, what are the what are their tells? How do they trade? And so you get a better Have you know again improve your awareness when you see, you know Of what your competitors are doing who you really trading against which is basically the high frequency trading now goes and the large funds I hope this was helpful and uh Hope, you know, hope it improves your bottom line this info and I look forward to speaking with you next week Cheers