 Hello everyone, hello everyone We'll get started here in a minute big movement going on in Bitcoin today the world's kind of on edge, but we're making some serious transitions so today we're going to get go over go back to our original series and talk about our Development program of achieving peak performance going through the different steps to build the foundation in your trading career to really Have a sustainable trading program And something that you can a solid foundation you can really build on and so We've gone over before you know knowing yourself and Having improved self-awareness and really that's the biggest foundation of the whole Whole thing is really know who you are and really get in touch with you know What puts it pushes your buttons and what buttons you can control and what buttons you don't you know know when to Hold them know when to fold them So before I get into the presentation, we're you know going over know your enemy So know the competitors in the field of trading what you're up against Just so you know you're going into eyes wide open And you know you don't you know there's a lot of Pete, you know Sayers out there that you know trading is easy you can make a million dollars and you know live on a yacht Well, that's just that's just not the truth And you need to run away from those people because they they're just out there to take your money so they can live on the yacht trading is really difficult and it takes a big effort and There's no magic bullet, but when we you know stick with the facts we can You know really achieve peak performance. So before I get into it just on a disclosure This is all this presentation is all for educational purposes You know any trade recommendations or anything that we go over is really just educational for your own insight We if you are trading we recommend that you're using risk capital because if you're not it's going to affect your decision-making process My name is John Slazas I'm a been trading since the 1980s and I started an analytics business in 84 and and then became a member of the Chicago and workhamfield exchange in 89 And I traded in the S&P pit for a little bit, but really I found myself running outside the pit to the Back then the CQG machine Or was it a ADP com trend? And you know, I just you know, this is before electronic trading. So it's You know just kind of you know getting my bearings on the bigger picture to then you know execute so it never really was a scalper, but You know they have in supporting traders for my career with analytics You know and we provide you know quantitative analytics through both aspiring and professional traders The analytics cover futures equities options crypto You know them, it's you know, basically it's the it's the same thing across across the board so that all of our methods can be applied in any asset class and You know, we've really been more of a word-of-mouth business and you know traders that work with us You know tend to stick with us because we become part of their Part of their process, you know, we provide good information And that's our mission, you know to create a positive impact and help traders achieve their full potential You know, and we do this by empowering traders with fact-based solutions And what's important about that is the fact-based when you understand the truth It's really going to enhance your self-awareness, which is going to improve your decision-making Knowing what is and Our approach, you know helps traders to execute trades company By Enabling them to get into and stay in a state of flow So, you know when you're not thinking and you're just doing your acting and you're performing to your peak And that's that's what our analytics are meant to do you give you that that fact foundation to really help you to You know trade intuitively These are all the different Presentations that we've done and we're just going over knowing your enemy So, you know the this is coming after know yourself So you have to understand yourself you need to know what you're up against you need to know You know who are the players and then you know the other presentations will get into more of the detail of Understanding the battlefield, which is really the environment When you when you understand the environment you can identify the winning strategy when you can identify the winning strategy You can identify the tactic to use and then with your tactics understanding, you know when when it's best time to execute and then Once you are in an opportunity being aware of the the risk factors associated and You know and knowing when that you need to back off So we're good know your enemy, you know, so the trading game, you know every winner The profits is at the expense of a loser So this this trading game is a zero-sum game So when when you lose money somebody else made money and more times than not it's the professionals That are doing that and who and who are these guys? Well, these are the professional trading houses and I'm going to simplify things, but you know, basically they're large funds and High-frequency trading firms So by understanding who your adversaries are and studying their tactics and strategies, you know This can help you to identify their tells so you can make more informed decisions You know when you're aware of what they're when their presence is being felt when it's not Understanding the truth. So large funds They, you know, you know, their basis is to accumulate more capital to manage they get paid management fees and incentive fees and You know the management fees can really add up and so that you know one of their goals is to have low drawdowns and a lot of AUM That's what large money and pension funds are looking for. They're looking for very low drawdowns. They're not looking for, you know These these excitable returns because that actually scares them because that spells volatility. So they're looking for consistency And the large funds are, you know, they're motivated by their performance metrics, you know relative to the previous month quarter year You know, so, you know, definitely, you know They're publishing their performance of their fund, you know, absolutely year to year is important quarter to quarter and month to month The month to month is really on the you know, the portfolio manager because the portfolio manager. That's his You know, that's kind of the benchmark, you know, and you know a lot of the analytics that we do are all focused around that month to month So, you know managers start the month out with all their risk capital available and you know, they You know, how they end up that after the first second week, you know, that kind of starts to change their behavior Somewhat on what they're willing to risk what they're willing to give back, you know, if they really kill it and have a 5% first week of the month They're going to continue to press it, but they're definitely going to adjust their risk parameters so they can lock some of that in They're not going they're not going to give that back because they're looking for consistency and So and they trade on a higher timeflame They're looking at you know points that define shifts in the state and that's what's that's what's critical for these large funds You know points where they need to add or hedge So, you know, the they don't care about interday price action. They carry about, you know, basically, you know What you know one point? During the trading session, you know to execute where if potentially that's a point that's going to shift this the market state You may come into play during that session. It may not But they have that point identified and then the other thing that's important to understand about large funds is there, you know, they're constantly rebalancing and You know, they create specific behaviors during during the opening and the settlement of a trade period and this affects the price behavior and so You know crypto isn't really is 24 7 versus legacy exchanges, you know, they have this defined opening. So for crypto, we're basically looking at, you know 12 a.m. UTC time as they opening and the settlement But the you know, and then with legacy markets and margining, you know, you still have to be cognizant of, you know, the Regular market closes, you know, when does the S&P close? When's the stock market close? I mean basically when do the banks want you to settle up margin? You know Most you know, a lot of firms are still under that we haven't really transitioned to a complete DeFi system So when we do that will be different But until we do the legacy time frames are going to be important too So it's just being aware of what those are and being aware of that There's the the price behavior is going to act differently during that settlement and opening phases So what's the large fund strategy? You know, they're managing their P&L and they have a risk overlaid You know to manage their performance history to attract more money more AUM And so they you know their strategy a lot of the strategies low drawdowns, you know, that that's their main focus low drawdowns You know, it's not so much the returns the returns will come You know that they're going to focus on low drawdowns and this is an ongoing process of taking and reducing risk And this plays out in that they're during that opening and settlement range of the trade period You know rebalancing is a strategy, you know, they regularly adjust their positions to manage risk and maintain the portfolio balance You know, they're they're very risk adverse and They actually have specialized groups that monitor and direct trading desk You know orders for you know, passive strategies to minimize market disruption And what this what this means is that a lot of times they're going to enter around the VWAP The VWAP is a fantastic Fact-based tool that you should be aware of you should always be aware. What is the VWAP and what is that? It's really, you know, the midpoint for the trading period So you can absolutely monitor the VWAP on Daily timeframe, but you can also look at what you know, where are we? What's the midpoint on the weekly timeframe? You know, those are important factual Points in the market that you need to be aware of Position management, you know funds make decisions based on higher-tame frame structure period So, you know understanding that they don't care about, you know minor you know Volatility moves and churns within inter-day structure. It's just noise, you know, they're not concerned with that microstructure dynamic You know inter-day liquidity is seen as an opportunity to initiate, you know, multi-session programs You know, which can produce relentless moves if they align with structure and when they don't align the structure They're going nowhere But when the funds want to get in and there's an alignment with structure, that's when you get those railroad moves So in terms for large funds and their tactics Yeah, they're primarily trading on the opening and settlement And a lot of times, you know, the people that are executing for the funds Are not the people who are making the decisions of to buy or to sell You know, they're just there to execute. They're getting a directive buy or sell And so they they want to minimize their slippage and they're going to do, you know The best they can and and they're gonna and what happens is their team, you know Their liquidity happens a lot of equity happens at the settlement and the opening and off the VWAP And that's what they do to balance, you know, what the trades that need they need to get done And so as traders, you know, we need to expect more volatile swings in those trade periods during the opening settlement phases and Increase liquidity at that, you know at the VWAP and those are you know So that's that's important and you can use the VWAP as a kind of momentum level as well So if we're talking about a 24-hour market, what's the opening? Well, you know, the opening is like the first four hours of trading And that starts at 12 a.m. UTC. I'm in Chicago. So for me that starts at 7 p.m. central standard time and you know, and then the settlement period is It's also a four-hour period in front of that figure So which comes into alignment when the legacy markets start to close for me around 3 p.m. And those are in that's the context of those during those periods you have to be aware You know, there might be somebody that needs to just get out of a trade And so they'll just drive the market one way during the settlement time And you know, this happens a lot when you have a market that makes a big trend move Let's say during the day and then near the you know the last four hours a day Just railroads, you know People are start to cover and then people need a margin up and then it just turns into a you know a Super big squeeze back to the upside and then markets, you know You know settles and then rolls out into the next trade period and all of a sudden the negative momentum just resumes You know and the people that you know got squeezed out because they they couldn't afford to hold their position You know, they're gonna they get come in the next day and and you know the markets lower And so the you know understanding that there's a big price behavior is gonna be different during the opening and settlement is important You know funds use, you know, oh, you know, they're they're looking for liquidity wherever they can get it And especially in the crypto space it can get then and you need to you know, they're looking To execute on with futures with options, you know on exchanges with OTC trading And they do that to hedge their you know their positions and So, you know without full transparency to all these different liquidity providers, you know a large order in One asset or one exchange does not mean a directional bias It just may be a hedge to a cash position or an option position We just you don't know so it's it's it's something to Consider when you're doing your microstructure Analysis of what's happening there, but that that program might you know, they may have they may have a program and it's gonna execute It's gonna make them moving as a day trader. It's a big move So it's valid But just be aware that you know like I mentioned before when those moves happen that structure alignment They can mean something even bigger You don't want to get in front of those trains So tactics of large funds are it's low velocity, you know execution tactics, you know, they trade less frequently But when they do they come in big You know with crypto you kind of have to work into situations But you know and they'll do that when they're establishing positions, but when they want to get out They're gonna want to get out quick As quick as they can without disrupting the market. So we have to you know, respect the market momentum, you know It's supported by an intensity of trade When you see the intensity of trade happening with your tools and you need to maintain You know, you need to always maintain your risk parameters and you know avoid hoping You know, don't hope for a counter trade move when big funds start to drive price in one direction Those are clear out your you know your account days and You don't want to you want to be you can spot these These things happening by being just aware that that they are happening and they do occur So large ones trade at higher time for us struck higher time frame structure And they're trading where the structures align You know and many, you know Retail traders and And smaller traders are going to rely heavily on subjective technical indicators And they're really irrelevant to the real money that moves the markets. Nobody cares about Some interdates or term RSI or or or technical study on the interday basis for a large fund It's just not on their time program, you know, you know, they're they are concerned about mark to market So they are concerned about the clothes, but you know, they're always living they live on a higher time frame So then on the other side of the coin are the high-frequency trading shops You know these these these are, you know, all automated and They dominate the order books They have a speed advantage and they're everything's machine driven They you know, they the their view of the marketplace is a it's kind of like flash, you know the flash And they show him, you know, he's moving and everyone's not moving, you know, that's high frequency. That's their view They're in that micro that micro space And they can get there quicker and they know their order books So when you're trading on an exchange, there aren't so many of these players on all the different exchanges And so they own those order books and they they can classify and monitor different types of participants that come into the market They can mark orders They can define thresholds of pain What is it going to take And You know and they game the order book to force weak hands in and out of you know, in and out It's an art form, you know, and you need to be aware that this is this is this is the game they play and You know high frequency trading that they you know, they execute in very small amounts. They just execute a lot They're not they're not trading big size. They're trading very small size So what are some HFT strategies? You know event-driven strategies, you know, they're using big data and social media pushing, you know, they're they're getting this data sooner of some, you know Something that's you know rising in popularity on different social media platforms Starts trending. They're gonna be in front of that trend They and you know, and they may be aligned with people that are creating those trends and especially for crypto You get a lot of a lot of news cycles that happen and you need to be aware of it and respect it because they can you know They can produce a momentum move You know, they do do arbitrage market-making You'll basically take you know training on both sides, you know Providing liquidity and some of them are paid liquidity providers And then there's you know, they do have predatory algos in order book manipulation, you know, definitely on the futures business, you know The government is all over these guys, you know in crypto not so much So there's a lot of things that you know futures traders get HFT firms get fined for and sometimes they're just you know They're just running a strategy, but you know, just all the different cancel replays and Different games that they start to play and I'll get into that now We'll go through each one of these So high-frequency traders are always going to the first in terms of executing of a news or social media event So you just can't compete and this is why I you know I really recommend traders move away from let's say scalping You just can't compete against the machines and if you and even if you're doing it on your own You can't compete against co-located microwave HFT firms They're not all that sophisticated, but there are some and it just it's a zero-sum game Like you get the speed game and it's changing and it's changing because there's that games over and so now You know there is an opportunity for discretionary traders and that's what we're talking about and that's what you know We're here for to help support you to become those risk takers Because the world's changing But in terms of speed and getting on to news, you know, we definitely want to avoid chasing news events with market orders You were the last one there You know, you need to you know, you can scale in with limit orders They're aligned with structure You can participate on a small level to just get in but then you follow that up with limit orders Because because the what will happen, you know, you'll just you'll get stuck in that that initial flush You know when these events occur at structure and provide opportunities, you know, once they're validated so if you get You know event that start that is going to turn the market it's going to occur at a structure point and And then it's going to need to be to be validated, you know And if it's not validated, it's more likely it's just noise and an HFT searcher for stops So there's gonna if it's an if it's an opportunity for a major move. Yeah, you can get in super small Yeah, you can and then you're waiting for the market to validate and then you can get serious But the validation is typically going to going to control the market for some time if you're getting a Major shift and that and that's That's when the news event is aligned with structure So they they high frequency trading algos They control the microstructure and they do manipulate the order book to mislead day traders And there are many predatory algo tactics that they use for this purpose You know front running Layering now get into all these stuffing smoking spoofing Ping orders and dangling, you know all these it's very sophisticated terms But for front running this this is old-school, right? So if an HFT, you know, they're gonna use their speed advantage to identify an incoming order before it's executed and place their own order ahead of it You know the profit from the price change. They're gonna, you know, they're gonna make you pay a higher price And that's gonna then give them the edge to get out right away You know, so traders should be aware of this tactic and take you know take precautions and you know splitting up orders and using limit orders is Definitely important when you're trading crypto You know layering is a tactic used by HFT firms to create a false sense of demand or supply in the market You know they place multiple orders at different prices and then they you know, they they're cancel replacing it You know, this is You know, this is a predatory technique that you know can trick You know market participants into placing orders based on false information You know, and it's gonna create price movement that's gonna benefit the HFT firm You know, you see these you know bid offers flashing, you know right when you're stressed and it makes you click and And then it's gone, you know, and that's what it's designed to do You know, they understand where these thresholds are and then they play these games You know stuffing is when an HFT firm will flood the market with orders to create temporary, you know overload of information You know and this this will you know cause you to to pause and Delay or withdraw an order, you know, they kind of you know, overwhelm the system a little bit and like you okay What's happening and you know and that that can create opportunities for them. You know smoking is when You know HFT tactic that involves quickly adjusting in order to you know, create the appearance of movement in the market You know kind of luring retail traders into making a trade and a favorable price as you get a bid That you're watching and it starts to move up it starts to move up starts to move up It's not at the market, but it's moving up moving up and it gets you to anticipate that this thing They're gonna keep pressing it and you jump in front of it And then all of a sudden just drops back down and they and then they come through with a big offer And they squeeze you and you get out So just you know being aware of what's happening out there. This is a game, you know, they're not trading the market They're trading you they're trading your psych That's what the a lot of these, you know predatory elbows are designed to do They read all the technical analysis book and they and they trade basically trade against it So spoofing is it practices a place in a large order on one side of the market, you know With the attention of canceling it before it's executed. This isn't you know, this is not right and You know and then those seven tails they place a smaller order on the opposite side to get there You know impression that you know of supply and demand to manipulate the market So they're gonna, you know, they want to buy it, but they're gonna place this huge sell order above and just kind of flash it Just to get their own orders filled, you know, ping orders, you know HFT will use like micro orders to test a market, you know trying to look to detect large orders in the market And then this can you know allows them to you know kind of front-run these orders Or use other tactics to manipulate the market, you know, they understand where the real size is You know dangling is, you know when a tactic Then involves placing quotes in extreme levels, you know They force a squeeze trader to bail out causing, you know, it's causing manipulation in favor of the HFT. I mean there's Yeah, I mean this happens a lot with the order books these days, you know all of a sudden, you know the market said it goes to a key area and You've got a position on and all of a sudden the order book just dries up and all of a sudden the bid offers are just super wide And it just sits there for like 10, you know seconds And it's you know, it's just like what's going on and it and they have these they just wind those parameters out And if you panic, you know, you're gonna hit those extreme levels And as soon as you as soon as anyone does a trade it the book will come back You know, I'll even throw out micro trades just to hit it just so that the algo will just you know Everything will come back into a line, you know, and that's a tactic to use You know if you see that happen order book dries up and the quotes go to the extreme levels Just throw a micro trade out there just to hit it and then to you know get things to normalize a little bit You know, especially if you're you know, if you are stuck you were trying to work out a trade You know, it's a way to kind of trick the algos that someone's coming in Sometimes it works sometimes It won't work if unless you do the right amount of size, but a lot of times you can just do it with micro size So what are counter measures on this, you know, we focus on the facts, you know by observing price action Within you know within the macro structure in the context of the state We can avoid being played by HFT tactics, you know, if we can understand, you know, where are these alignment points and Understand that trading outside of the alignment of the market its noise and this is where a lot of these, you know Predatory algoes in the HFT tactics that they use that they that they win This is where they take their money when you when you're outside of the of alignment of the market And we're gonna talk about that and some of the tools we have that define that that that alignment As I mentioned before, you know, the HFT trading is high velocity of small order size You know So you need to pay attention to that, you know the sides of the trades what clip size are being executed You know, if it's a flood of super small orders at extreme levels, it's more likely attempt to exploit weaker traders You know versus when a market starts trading in large lock clips, it's a sign of a potential turning point So what happens, you know, you get a Breakout of a level or break out of a structure point and Or a shift in momentum, let's say at the VWAP, you know, the markets is trading below the VWAP Now it shifts above the VWAP and then you get this flood of micro micro orders in and And you know, and if you don't have your size, you know button dialed up, you know, you just get this stream of You know green, you know new orders that are coming in and You know, it gets it gets that that visual gets you excited to do something, you know But understanding that okay now we're getting a momentum shift above the VWAP and we're getting some large lock clips coming through Okay, that's a different story The funds are starting to wake up and they're starting to do something here and they need to buy and if the thing and if they start buying and this is a Momentum area it could it could flip the momentum for a little bit here. And so we want to jump on that train statistical arbitrage you know is you know basically Hi, however, you would see taking advantage of discrepancies from different exchanges and their ultra, you know, they're executing this ultra fast You know back in the day was really it was kind of difficult to do this then people Figured it out and made a lot of money doing it and that game changed But It does add to the cancel replays in the market So when you see, you know, all the different cancel replays is coming in a lot of times It's based off of the statistical arbitrage You know a lot of these HFT guys are paid to provide liquidity, especially in, you know You know tokens that aren't traded that much and the you know, they're they're basically making markets And capturing that, you know the spread between the bid offer You know the issue with this though too with market making is the market goes in one direction, you know, they'll they'll you know They're they're gonna continue to trade against that, right? And so they'll build up a position and They'll need to get out of that position and so that's you know, and that's what they that's when They'll do they'll just they'll stop providing liquidity in one direction so they can get out of their other direction and And that's really the what starts, you know, these huge Crashes and moves is you know the lack of buy side liquidity You know they they just pull it So knowing your enemy, you know, you need to be aware of the tactics that are used by large funds in HFT and Protect yourself by understanding the order book dynamics And knowing that these these games are occurring who's who is the participant? Is it a fund? Is it an HFT? Avoid chasing events and focus on the macro structure Using facts rather than subjective indicators Like I mentioned a good fact is the VWAP good fact is, you know, the previous session high the previous session low Previous session close those are all good fact-based things to understand You know if we have a an event that occurs in the market an event causes the market to go above the previous session close Or previous session high It's a lot different and it's supported with large clips coming into the market It's a lot different than if we're getting a Event by event that's happening, but the market's still below the previous periods close and it's and and the liquidity that's and the orders that are coming in are small lots So, you know, that's will give you insight to you know, how do you play that news event? But you know, definitely, you know avoid chasing and incorporate defensive measures into your strategy, you know Basically risk first, you know, what is the risk and always be aware? You know in talking about that, you know, you know One good rule of thumb is as soon as you get that big confirmation signal and all of a sudden you relax a little bit and you're like Oh, it's gonna go. It's going my way now, you know I'm gonna I'm gonna you know bank some money today That should be your trigger that you need to adjust your risk browners That should be a trigger that immediately when you get that feeling is move your risk and tighten it up and lock in that money It's a it's a good simple little tell that your body is getting all excited and emotional and And that's the exactly the time that you can let down your guard and exactly the time when you get those those quick turns And that it's a false move and you just gave back all that and then all of a sudden you're all depressed because you just gave it all back So that's a good a good trick to think about is hey you get that emotion of elation Tighten your risk and respect these firms you need to you know We you need to respect this these adversaries. They are formidable and don't forget it and they're out there to take your money and and clean you out One way or the other You know, they've got faster market data access, you know and in high frequency execution They've got you know Huge resources for you know advanced trading algorithms and strategies They've got big resources and accesses to liquidity and all you know multiple exchanges multiple OTC counterparties They have the ability to influence markets and they can you know negotiate better deals with brokers and exchanges They get exclusive research and analytical tools for risk management, and they're able to diversify themselves easily across All asset classes so spot Perpetuals futures options So how do we balance that power? You know as we mentioned to start self-awareness You know understanding yourself Master your emotions know your strengths and limits You when you become more aware of your emotions just like that little you know the tactic of you know When you get really elated about something to look to make that a trigger to tighten your to risk parameters That's just about knowing yourself That's just about you know kind of being aware of your you know how your state of flow is going and and literally it becomes a You know a trade signal boom. This is my risk management. So that happens. I'm that's what I do Same thing if I'm fearful if I'm like, I'm starting to stress I Just go right you know, that's that's a tell for me to go before I click anything. It's a revisit all the facts Is my position in line with the facts Yes, then I'm just being gamed in its noise and it just it just dials down the fear factor and now I'm back balanced Versus go check the facts Yeah, you're hoping right now the fact the facts are not aligning with your position That and then that that identifies that I'm hoping and if I'm hoping How much how much you know how much do I want to spend on that time to hope? basically It's time to get out or at least lighten up So self-awareness is is big and that's your that's your foundation, you know having fact-based analytics You know by having using more factual data in your decision-making process. It's going to counteract biases You know data-driven analytics will counteract your you know normal cognitive biases that that will affect your trading decisions And to build that foundation, you know having good market-state awareness recognizing market-states and Where those the where those states will shift? Because that's where the funds are going to participate And so when you when you understand that you then it gives you an opportunity to anticipate the liquidity at those points Because the funds are going to come in having a you know a standardized risk management overly And always you know always weighing the risk rewards at the start of a position and during the position You know as you as a market moves in your favor and you're approaching that you know if you have a target area Your risk reward parameters should change along with it You don't want to you know, you don't want to give back dough and there's no such thing as a break-even Take money out expert insights, you know Learn from other professionals Collaborate with a network, you know engage in trading communities to get diverse insights But at bottom line always have a pursuit of the truth You know continually challenge assumptions Your opinions seek the facts The markets are you know ever-changing You know and you need to you know be aware of all the dynamics that are happening and so This is where we come in and we can help you with to balance that power and provide you with Solutions to each one of those points With fact-based analytics is going to improve your intuitive function That's the goal to trade to trade more intuitively You get in the car to drive, you know, you know, you're your your body's on autopilot You're not thinking about about it You're doing it and that's what you wanted to be when you're trading You want to be just doing it and you want to do it with the right foundation And the days that you you know that you really are performing well You know is typically days when you're you know, you're aligned with the market and then and then when you struggle and Things are difficult is because you're not in alignment with the market You're not in flow with the market. You're fighting it. You're doing your own thing You're not doing what the market is telling you it wants to do So how do we how do we get into that? State of flow you know one thing that We have that we do is we've got a Personality profile assessment that really identifies your core strengths And so I invite everyone that's watching the video and the webinar today to you know visit Dharma capital dot trade Register and you can take this complimentary Core strength assessment and what this will do is it'll give you a nice baseline of What your natural skill sets are and it's something that when you're reading it You'll shake your you'll be shaking your head up and down like okay. Yeah, I agree But it definitely gives you good insight and again if it gives you enough to just act on something That'll you know better your performance. That's what it's meant to do you know simple things like people have certain traits that they need more stimuli and You know little adjustments in your work environment can make a huge difference You know it can just take that edge off of wanting to click to do something and when you and if you have that You know you're gonna take it out on the market if you don't have other stimuli around you Simple things like that make can make a huge difference because you never know one of you know one click can be a that start of the Of a nightmare and you don't and so basically how can you reduce that risk? You know we have a whole suite of fact-based analytics that go from macro structure to micro dynamics You know this is a statistical baseline. This is a fact foundation. This is a benchmark to weigh all any subjective analytics, it's a fact-based analytics that define the state structure of the market and That can be applicable from you know kind of top down from the big picture to this to the micro dynamics And I'm gonna get into and we'll do a quick example of our work With today's action to give you a sense of the power of it, but you know basically the playbook is literally that it that what it is, you know We've got football going on right now, you know and the The quarterbacks have the playbook on their arm, right? You know, here's their place. Here's what we do It's second it's second seven. Here's our options. Boom You know it were markets in a bear trend. We here's the structure of The of the bear trend. These are the strategies that we do. It's it's it's really an if-then statement and it's just defining the themes We'll get into that in a minute Your risk management having a standardized risk overlay You know help to find you where am I right? Where am I wrong? What's this trade worth? What's the value of the opportunity? By understanding, you know where you are within the structure of the market It helps to identify your size management by having Structure within the microstructure, you know, it helps you with your patients to wait for alignment Wait in waiting for the order book to align with what you want to do But you know where you want to do it and you know what within what context that is expert analysis Yeah, I've been doing this for 35 years Same at the markets of the everything's based off of truths There's no subjectivity here. It's just interpreting the facts I'm really a fact interpreter But with our you know our virtual trade room. We publish a market outlook every day It's more of a high-level outlook And this was today's outlook before the move You know hedge risk first thing You know and we'll get into it. We'll take a look at Bitcoin in a minute But just you know just a fact-based insights And Then you know welcoming all to coming into our community and our virtual trade room, you know, we're we're posting live events And more education practical application Alerts and everything that we do is about finding the truth Everything we do is about searching for what the facts are. There is there facts that we fact that we missed Staying, you know, we stain away from subjective opinions and with anything that you're doing If you if you can't zero it down to it if then then there's an issue with that tool or that study You can't you know, you can't have something that oh sometimes when this happens I do that you need to standardize things And so that's what that's what we provide we provide that foundation that fact-based, you know, statistical baseline and It's and it's a structured approach that's applicable across all time frames asset classes and trading styles So when you understand the method and the facts that we that we are focused on it's the same thing if you're trading Bitcoin Ether at the S&P gold crude Tesla whatever your You know, where's the money? Where's the volatility? Boom. You can be there and You know This is this is something that you a lot of you made the major funds It's their method, you know the late Scott minor from Guggenheim partners You know turn me on to this This book by Daniel Kahneman thinking fast and slow. I don't know if you know, it's popular book Maybe people have read it. It's a How they recommend it if you haven't, you know But it's you know, it identifies You know like the inside view and the outside view the statistical facts versus they you know, they intuitive function and You know, the outside view offers more accurate prediction than the inside view You know the inside view sometimes has these cognitive biases and that's where our method Helps to remove that, you know, our method incorporates, you know, the statistical outside view and what that does It it slows down the knee-jerk reaction Slows down the decision-making process and by doing that it helps you to minimize your biases You know instead of just you get anchored that on some news story that You know the market's going to the moon and You've got that thing anchored and you're you you just subconsciously you're looking for buy signals But you know having a baseline then you can kind of do your own fact check and you say that no, you know There's nothing to do with anything and bottom line the markets Has an issue so I just got pull up our playbook and some of our tools to give you some direction Everything I show you you can come test drive see if it works for you You can come to our website as I mentioned and you can register and then you'll get credentials and you'll be able to log in and visit our landing page here and you can take this Assessment it'll be complimentary and it'll auto generate a assessment for you and you can also You know sign up for our playbook or any of our rooms while you're there as well Playbook will give you access to this and basically Just taking a look at Bitcoin today Bitcoin, you know the the analytics are gonna This is all these tiles are all color-coded defining the state So we talked about where the do the funds want to get provide you get involved They want to get involved in where the alignment is of the state because where the state's going to change is important So we not only divide under you know We want to understand what the context is so the context being you know underlying positive tone for Bitcoin but what's the structure of that state and What we do is you know Just because you're in a bull trend doesn't mean it's always going up. Sometimes it's going down You have corrective moves and in the current structure of the Bitcoin. It's it has a negative bias It's in more of a corrective part of the bull trend So and where does the bull trend re-engage? You know above 27,743, you know Here's the price point on the upside where the market's going to make a decision Okay, so if we're in this state and we have this structure what difference, you know What are the different strategy themes? Well if the market holds structure then then we want to buy it And we want to buy it definitely want to buy a breakout above this price point Where what's another opportunity potentially to buy a dip off of 27,000 basically But what if the market breaks structure? What if it goes above this price and can't hold it? Well, that's called a hedge thing and then we have a reversal And what if we break structure here? Well, that tells us that this market's in transition And that's where the funds are going to start to participate. So the funds are going to participate Basically here and here Pretty it's really straightforward. Let me flip these around here. So here's the 12 a.m UTC time opening for crypto for Bitcoin Market is opening up in The midpoint of what we call this critical range. So here's this range we've defined it defines the Bull trend and the market comes down to this area Which is the breaking point for the bull trend and it fails So this is the market you tell us it's weak this bull trend has a problem It's not performing like a bull trend But I've also drawn here, which is another great tool that I recommend that you do is Drawing in the previous session high and low This is the close Or the last in the midpoint. So the previous session VWAP basically, right? And so And if we just look at that action again This is just fact-based tools and awareness and where the funds are making decision and of You know where they want to participate And so if the market's trading below the previous days Low or by signals interesting Are they more at risk? Yes, if we're training below the previous days close our bicycles more at risk. Yes What about the midpoint? You know once we transition above the midpoint if we're stabilizing above the previous days lower We didn't take it out. We didn't take it out. Then the market's performing like a bull trend and we If the market's not making higher move lows higher move highs, it's not performing like a bull trend So there's a problem. So the market's always given us tells so but this this is defining the context Which is what you need to know you need to understand what the context is But this is a simple tool to give you some context as well And so the market failing here Retesting the low point and going this is just basic facts When we look at the structure of the market and we look at what sentiment is We can enhance those facts So here the sentiment bias is basically an over-under number By above sell below Well sentiment above the market is negative and the market failing from the down from the previous Days low is negative. So things are in alignment of vulnerability So now we want to understand what this where the breaking point is for this this bull trend context So as we come in and we're in this we know the foundation of the market is positive But we also know that it has a negative sentiment bias So we're more in a corrective situation and a lot of times in in corrective situation, you know You know the the market who knows where that correction can go and so here so here the corrective action comes right down to the lower structure and is it going to stabilize here and Start to perform like a bull trend and make higher move lows higher move highs Well, it starts to do that We talked about validation. We have some validation points that we look at and this is the market stabilizing here and It starts to hold positive structure But what what happens here at the previous days low point? It can't maintain base above here So here's here's where here's your tell that there's a problem Along with this tell that the market went below this price because if the market's making higher move lows higher move highs It should make higher lows And when it does this it's not making a higher low It's the definition of a bull trend is higher move highs higher move lows So this is breaking structure here and this was the tell that set up this move And here's the market starts and this could absolutely be a head fake and a reversal But what it also tells us is that this market is In the corrective state and that rally is more likely going to top out here And the market's going to probably digest if it did rally and bounce off there because we're because this is telling us We're correct. So just giving us insight to what you know, what part of this bull trend we're in But now when we get a failure here Especially since you know, and the market comes up to this point. Here's your here's a validation Are we going to transition higher and get back on the bull trend? No, we're not and So then the market break structure here and tells us that we're in this hedging and so that's what the analytics Do they provide this foundation and as a trader you're identifying, you know Is the market performing to the expectation of the state? Yes or no Where's the structure of it because that's going to change the the state Okay, the structure is actually corrective because we're in a positive trend, but we have a negative bias So we're in this corrective piece. Okay, so is it is that a corrective piece to buy? For for a resumption of the bull trend or is it a corrective trade that's going to turn into a transition Those are basically our options first and the third option is the market just has one of those linear sideways days So identifying what it's more likely to occur, you know, the market comes down holds this metric gives us a little bit of a bounce and Then it breaks structure and fails And so it just it just gives us a tell that you know this there's a problem with this structure This is not true. The market's not making higher move highs We're either going to go into a hedge theme or we're going to go sideways and So at this point the market gives us that insight that and we have negative sentiments So we know any positive move is is a rally to sell until the market gets above here And when the market can't base back above the previous days low point It gives us a tell here that this this hedge theme may engage which it does and then The same structure and here's a good Image here of Microstructure and what's occurring and so you have this is the VWAP and so You had the market press into you know come back and press into this It's kind of hard to match up the time frame because this is so micro but as the market comes here Presses into presses into this downside pivot area and then It can't get above the VWAP and it remains within the metric boundary and Then you have a flurry of activity as the market's failing here and You get these large locked clips coming in on a failure This is a tell That this is this market's breaking structure and there's a problem and it actually gave you all this time to get in To this opportunity before they they you know, they really hit this thing and then you get this emotional event Into This target area. So this is a the again risk-reward metrics This is the expectation that the market fails here. It should come here and You can see that it actually had a This flurry of activity kind of flipped here when it market first attained this and we and we get a move back up to This area it's like climbing a ladder stairs You know once the market you takes out structure It should go to the next level and this is so it came back and retested here And then this is the validation point that if it stays below here, it's going to continue lower and it did And then we can we can also we can view the market on different time frames as well So if we want to take a look at what the bigger funds are looking at Let's just take if we take a step up and we look at You know here is the Daily sentiment and now let's look at the weekly sentiment This gives us, you know additional insight. We change the bar periods here So now we're looking at the weekly structure. So this structure holds for the whole week And we can see that on the weekly basis So below here the market was negative and where is it going? It's coming down to some major weekly structure So now we're going to see some more liquidity coming here for the larger funds around this 26,000 337 area. So these are the fact-based trading tools and they you know You know, you there's a bunch of other videos online that you can You get into more detail on those you can come online with us and register and Take a two-week free trial and test them out see if they work for you We'll get you set up come into the room and we'll answer your questions Basically, this is what we're all about empowering every trader, you know How do we how do you unlock your full trading potential and you can do that with a statistical foundation with that? You know data data-driven solutions, you know, and then when you start when you understand these facts and you understand the method It's really going to you know improve your confidence and it's gonna end and you're going to Be able to you know get into that state of flow easier. So welcome. I'll take the next step and Come to our website sign up If you have questions feel free to email me directly at JS at Dharma capital dot trade and I look forward to working with you Cheers