Live Day Trading and Management of Large and Small Cap Stocks and with JTrader

00:50:08 this is when i like to start shorting. tesla i would say some heavy players

all right good morning traders and welcome to. the bookmap live trading webinar today with uh j

trader stocks trader we do this every wednesday at. 10 a.m how can you see what's happening and uh we

are um he comes in he comes in a little bit later. um so around 10 15 maybe maybe earlier last week

he came in at 10. uh so uh we'll look for him soon. in the meantime we'll go over the s p we'll jump

right in let me just go through some disclosures. here uh and then we'll take a look at that s p

and then get dive into the stocks with j trader. all right he will be trading live in here but

it is in demo mode i'll put jay trader's contact. information in here if you want to reach out to

him he offers education and mentorship and let's. go through the disclosures general disclosure

and this is important all bookmap 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 all right. risk disclosure trading futures equities

and digital currencies involve substantial risk. of loss and is not suitable for all investors

an investor could potentially lose all or more. than the initial investment risk capital is

money that can be lost without jeopardizing one's. financial security nor lifestyle only risk capital

should be used for trading and only those with. sufficient risk capital should consider trading

past performance is not necessarily indicative. of future results all right let's jump in let's

take a look here uh we'll look at the s p i. also want to just look at crypto saw something

really interesting in there this morning uh wow. what's going on in here well what do you think

cpi data right at 8 30. look at we knew this. was going to be a big event the markets are very

skittish right now to any inflation data. uh and you can see the dramatic move down

uh into through uh four thousand uh liquidity here

all the way down to uh let's see it's about. 39.50 or so and then look at the bounce back up

okay 4000 was an area where it it did uh test. traded into that high liquidity started to pull

back we found more buyers in here and look at. this nice flip of the order book here basically

you can kind of see it here more sellers on. the offer here looks like they transact but

the buyers come in and throw a lot of orders. underneath here finding more buyers we trade

up to high liquidity here at 40 25 or so okay. so that's the dynamic that's going on right now

and we have come all the way back up have not. gotten above though where it dropped from here

at 8 30. so that's kind of curious and interesting. here see if we can get back up into this area here

before the the news event uh and uh hunt some. some stops in there because a lot of people

are going to be short okay so we're going to be. looking for that as a potential scenario in here

and it's already in play here basically. you can see the buyers coming in above

4 000 and then they are supporting it here. underneath here now they pulled here you

can see there's some here though just. above coming into the market right now

all right so let's uh let's let me jump over to. crypto i want to show you this this was really

interesting i thought this is a binance. futures i thought it showed it pretty well

uh binance features you know it's a little. different uh than your spot uh crypto exchanges

uh it's leveraged uh and you'll see uh look. at this uh you know before the 8 30 event here

these queuing algos staying in the queue kind. of following hovering price from a distance

uh and then look what happened. here at 8 30. they're out

right they don't want to be in the market any. longer there's risk they don't know what the

numbers are going to be where did it trade. right down to high liquidity here at 30 000

continued on high liquidity comes into the market. down here we don't even get to it though all right

this is around 28 800 or so and we can see a. beautiful bounce here now curiously enough this

already has tested back to where it dropped. from here before the news right and it looks

like it's going to go for it again here so. we have some crypto traders interested in

here and they pulled a lot of liquidity here. at just around 32 000 a little bit above it

and let's just zoom in here and see yeah you. can see where they pulled it here uh and i'm

looking for these traders to trade right back up. to it okay so here here are some buyers already

they're above this little range here now what. we need to see is more buyers coming in here

let's uh get a little more realistic. here about this uh and look at a range

and start to figure out like you know within. the range what's that buying and selling look

like here okay so we have kind of a upward. trending slope here and we're looking to see

if we get more buyers up here so we'd look. for like pullbacks into some of these areas

here it's pulling back to this area here 34 or 31. 400 okay that is an area of importance here's why

okay this swing and acceptance above it uh and. let's see if we get more buyers come in here if

we get some sellers below it i'd look for them. to test down to our trend line here we have a

beautiful kind of you know high volume node in. here or you know bottom of the range in here

so somewhere around 30 1 200 you know. 31.50 or something like that 31 150.

so uh that's where we'd be looking. for these buyers to come in

and so i don't see anything right now a little. bit of selling coming in right now below

our little line that we just put in. at 400 and so let's see if they might

might bring it back down to about this 200 level 1. 150 to 200 looks like they're going to looks like

they're kind of going for it we see these guys. lining up already at 200 here as you can see

okay so we're just about there at two

hundred right now let's see if. we get some buyers coming in here

or sellers okay i mean if we're. looking for sellers then we're

looking for the bottom of this. range here around this um 31

50 150 or so a little bit a little bit below. it there they go okay so now they've tested it

okay going through it

all right so now we're looking. for another scenario here

and it is above this line here around our. 140 150 level do we get buyers above it

is this a false breakdown and then we're. looking for a short squeeze or is are these

sellers for real like we're gonna just see. the uh continuation in here to the downside

okay so we're hovering out our line. here no insight at the moment here

kind of tense here waiting. for some sort of insight here

okay let's see what that happened see the. reaction to that liquidity at 100 right there

sold off looking for more sellers then to see if. they can try to reach back down to 900 or 800 here

it looks like the reaction to this liquidity. this more supply here was sellers okay so that

scenario once we got down here and got a little. more clarity we're looking forward to sell off

okay it was this liquidity and reaction to. it that helped us make that that clarity or

give that clarity and make that decision so. here we are down at this area here there was

liquidity in here before around this 800 and. we should see a little bit of a bounce in here

good morning bruce good morning joseph how are you

great uh great morning good morning. everybody good morning book map traders

all right so joseph if you can share your screen. in here all right in the advanced webinar area

okay let me know bruce if you can see. my monitor with bookmap yes and let

me pop that out and put that here all right so. everyone should be able to see jtrader's desktop

yeah there we go all right looks like you're. good to go perfect thank you guys so uh before

making a recap of the market i want to go over. here uh a stock that is up trending right now

we're talking about the stock with 60 million. six million volume traded uh it's also

a small cap because this is a uh microflora. company we have about 3.44 million of floats

so that's extremely low we have a very low also. institutional ownership we're talking about a

three percent and market cap is only 56 million. uh in this case i'm uh observing over here the

the price section that we can see on bookmap and. you can see that the majority of the the traders

over here were simply buying right so we had. like a six dollar reclaim and i came extending

to 675 so after daily breakout now i'm looking. if we're gonna have a fake out so i'll close

below that daily level uh the day level is a 6.50. so i'm looking exactly this price over here 648

650. let's see if we're going to close below you. can see on the daily this is a stock that simply

passed from around 60 bucks i'm talking 60 buck. traders in the last month to three bucks all right

now it's gapping in the last few days because a. lot of traders what happened they're gonna think

this is a discount so they're gonna try over. here to buy and and hold because they think wow

four was 16 now it's three dollars or five bucks. and a half this morning so this is discount and

let's buy something over here now i'm not sure. over here because i don't have bars unfortunately

this morning on this one but i i wanted to go. over the the price section that we had i'm gonna

okay i'm gonna use this uh this chart

actually this over here the one minute

all right so we can see traders the the volume. over here is not that high so for a six dollar

stock we're trading average of 250k per. minute that's a small amount of volume

so in a stock like this what. i'm waiting for i'm waiting for

a level and on that level i want to see a stuff. it could be the reclaim of the previous eye or it

can be a lower high stuff right so i'm looking. for that and ideally i'm looking for the fader

i'm looking at the 650 as i said before. because it's this daily resistance

so it's an important aspect in my. trading looking for those daily levels

let's look together at what other. possible resistances we may have so

one would be over here the ten dollar area

one over here at the 712

and then this one over here. at the 650. so let's put a

a four-hour chart i think we can see definitely. even better this is the price action right now

so that's the support we're seeing here from the. gap that's the sorry the resistance now we see

another resist 712 and another one over here. that it's just testing it right now this 650.

yeah the the ask is a little bit like. stack but not that huge amount of

size but we still have like between 665. and 680 uh some good amount of sellers

we fill the support 630 we. have a micro consolidation

i think we're gonna see some

good sellers over here on the tape

so what i'm adding over here is times and sales

we're gonna filter minimum size just. put like for today one of the shears

all right remember if we fail the 6 30. we're going to have a probably a wash

there we are so it's breaking at 6 30.

i'm selling

something stopped over here

they're reclaiming the 6 30 and you can. see traders they put back some buyer here

now when we have these fake breakdowns

remember one thing if you have a fake breakdown. like happening right now in an uptrend

this is often a good area where long traders right. so buyers will stop out shorts will start like to

get in a position and if we reclaim it i. will see over here some good amount of volume

then on a trendline break and a curl i will. look too long for the upside right now i

don't have that liquidity that we had for example. before so i'm simply waiting sideways sidelines

they're testing again that's 6 30 breaking. down you can see over here they're passing

some liquidity boom again absorbed two. times over here somebody is absorbing

into the 620. so i said this morning we're going. to look together at the manipulation how to read

the volume how to read or the flow to understand. how to trade stocks small caps and big caps

and over here this is a perfect scenario for stock. that is up trending micro float flow rotation

that is basically showing. traders over here i use amount of

volume but i also use amount of manipulation. so fake breakdown boom push it upside

now 650 so we have the trendline break over here

i want to see increase of momentum over here right

so we have a first wave a second. wave a third wave over here

possibly formation of fourth one we need to see. over here higher high and also volume increasing

655

so what i'm watching is this trend break

again i'm not buying traders over. here i would need to buy to a support

ideally the v web is where. i was watching for a buy

or the j lines or simply shorting a. big stuff as i said before or parabolic

this morning i traded mainly tesla or a good. short wheel review then tesla morning open short

so nice pattern over here

making more highs lower highs so. we're waiting for this and this

i want to see a consolidation. over here for longing that dip

we're starting to print green 655

now in order to have a break over here of 660. we need a massive volume so we need more buyers

to come in there we are 660. so this can push. to the highs over here so look at this 675.

always careful because at these levels over here

if we touch this pre-market our. previous high we can have a stuff

it's a fast wash

yeah some liquid over here stack at 6. 670 73 you can put this as our guide

careful in case it stops

they're still trying to hold it you. can see liquidity coming so green

careful now we close below if it comes away if we. have a break over here of 660 another wash coming

not long i'm not i still didn't. take a position this morning on bwv

the only trade was apple in tesla

buyer 670 has been absorbed over here so somebody. sold 20 000. so we have some big sellers up here

probably the morning buyers over here they. found out some good liquidity to dump into

support 660 went away

more sellers

so next level 712.

also we can put up trendline over here

okay this is our uptrend line this is our break. over here that's a stuff until we hold this trend

line until the zone over here is green this is. still for the upside still front side of the move

already traded almost 9 million volume

so remember the float was around 3. million so almost 3 times flow rotation

this is a stock i traded in the previous days

okay what i like traders over. here is these sellers that we have

53 also we're here now 55 66 72 and. they're trying to break this trend line

uh they're refilling over here the 53 more. if you break the 48 prepare for the wash

this is the level that i'm watching exactly this

so they're buying over here. just on the trend line right

that is the level that i'm watching

no more support below 650 652

i was watching for uh also a volume divergence. pattern but we don't have it over here

i'm going to try and look at uh five-minute chart

all right so we can have a first. volume divergence over here

this bar so you can see two higher highs right. uh from the bar 1010 and the bar at 10 20.

so higher highs lower highs in the volume. so when i have this pad i'm looking for

a breakdown and then a secondary pop. and then taking the short in this area

so this is what i'm looking. for volume divergence right

over here so price is increasing so we have like. a runner or a grinder and the volume is decreasing

so means that we're going to become exhausted on. that move now doesn't mean it's going to reverse

all the way down but we have good chances. for a big pullback so first trendline break

go back to the one minute chart then i like to. keep you know more than one chart together so

i analyze what happens in the one in the five. minutes you can see over here sellers right uh

you don't need to put your trend lines it's just. easier and uh personally what i prefer to do i

like to put my transactions a trend in line sorry. in bookmap look over here fantastic break right

just very easy stuff very easy stuff then i will. show you how we took the same thing on on tesla

now when you see this remember. we have a manipulation

which is at three times the flow rotation uh we. had both sides manipulated and for a lot of you

that you are not familiar with manipulation. what is basically so imagine that your plan

is to is to trap traders you are a market. maker yourself so what are you going to do

if you want to trap long traders you know. you're going to create an environment where

you will make visible a breakout to everybody. and you will make it believe that it's so simple

to trade it so everybody over here is buying right. breakout traders they're looking for this to push

and it doesn't mean that eventually the. stock doesn't go up because you can see

eventually it goes the stock doesn't go up. when we have a breakout the stock goes up

when we have for example a dip that's. the time that you want to enter

this or over here like we said and we. analyzed before two fake breakdowns

and then over here we had what another breakdown. at the same time we had also fake breakout

so both sides we have manipulation here here. here twice here and here now if you look at these

patterns on many of the small cap trades uh. small cap stock that we take we see the same

kind of ventilation right so what i suggest is. to screen share it to save it and to study it

reclaim again the 550.

uh too bad on this stock we don't have shorts. at least personally i don't have uh bars

so if you are curious to know each of

these dips over here where basically we. stall right uh you can simply put uh 20

ema on the on the one minute. chart right you will see that

so if yes will continue to move in this way

we're gonna pull up soon tesla let's. just give it like still 10 15 minutes

now the best shorts or best longs that i take. are based on two main factors one we need the

chart pattern chart pattern it could be from a. chart pattern let's say like a double bottom or

a double top plus an important level this level. could be a daily support or a daily resistance or

a pivot right or in today important level and then. i also need to see that liquidity um an example

we can put up this an example. just to explain one second

uh you should be able to to view now my screen

so when i'm looking for this is tesla right is my. i would say the stock that i traded the most in

2021 2022 before what has been apple and netflix. so when i see this right so when i see a first

main first of all this is an absorption. and then they start dumping over here

the second time that the scenario will represent. you can see that we don't reject immediately but

we have a fake out this is my stuff so a. fast push fake out right away rejection

so that's the reason why i was saying before if. you are a market maker you will look the ideal

price where to trap traders so you're not gonna do. it over here you're gonna do it at a certain limit

all right so this is an extreme it's. an extreme into the high of the day

i don't remember now if this was also daily. resistance uh and then right away we had the dump

so i can just see over here even if we don't. have the you know the dots in a big way

that the first part of our chart over. here for our move i would say that we

have the majority of buyers look those blue. right so we have the majority of bidders

buyers so the majority of the met and then at. a certain point our start seeing over here the

majority of sellers especially sellers. that on the breakdown they are dumping

so in about over here five minutes because. this happens in in five minutes this shift from

over here to here right five ten minutes uh we. have really the shift between a demand and supply

once you know this your trading will improve so. much you can recognize this good you'll make money

let's go back to our

setup over here on a bwb so now it's 10 37 almost. 10 38 what i do i run my scanners during the day

so uh doesn't matter which scanner whatever you. want i still looking for movers i start looking

for news i start looking in this case for stocks. there are a gap in extending above 15 so i will go

over here to my filters and i will change this to. 15 i use 20 for the pre-market and where did it go

all right so i'm gonna just put over here. this so in the meantime that we're trading

also i'm gonna put a volume. over here i wanna see at least

300k right i want to see a little bit of. liquidity so we have afi it's a 29 cent

not really looking at that bwv is the one. we're watching track um it's not that volatile

we have just about 700k so we'll check this is. nice stock so let's check one second uh track

all right nothing this just looks like a. buy out so i want to double check the news

track down here

so

private to the here 981 surely okay so. it won't really move definitely agreement

to be acquired so acquisition let's leave. it why bwb is up always read your news so

blue water vast scenes oscar health top. healthcare gainers innovo so let's see

single seeking alpha what they're saying

yeah no really news but i believe that is the. point that we lost so much previously and now

we're finding like on the daily uh some some debt. buyers right let's go back to bwp and i mean this

is really exciting because it's been holding. over here this area all morning you can see this

up trend line right now we can even put a. second trend line this one is breaking out

volume is increasing you can see. over here breakout let's look at this

for this sprite over here. 683 mah bear yeah this way

and now just let a glance what i'm starting. to look over here or we're going to have this

zone where i want to buy or this what i want. to buy but at the same time i start looking

for a possible re-wave pattern right so. this is a pattern that i like to trade

but that i won't be trading until. i don't have a trendline break and

a rejection over here i don't want to. enter on the front side of the move

unless i have this main stuff or a parabolic. moving to the daily resistor right now 750.

you can see over here it's time we get really. to those top levels just look over here traders

right each time we get to that top level 675 680. look the dump that we have uh why i believe that

more than short sellers we have some holder over. here maybe some big trader or some big i would say

hand like i like to call it that is waiting it's. time for those pushes to dump partial of his uh

office position maybe there's even one more. than one player because you know the volume

is pretty big almost 11 million and it's not even. 11 o'clock so i believe that each time we see over

here some kind of good liquidity so somebody's. buying at the same time we have the the seller

and i wouldn't be surprised so let's. try to be a little bit more attentive

if we have also him or them. depends if it's more than one

spoofing a little bit so trying to over here. hold the price up not to make it go down maybe

even like collecting a little bit more in this. fake breakdowns and then for pushing it back up

so these are the things that in a second moment. when you start like reading very good or the flow

when you start seeing like who's in control supply. demand the patterns you have to look for so not

only are the flow but also or the flow together. with the manipulation in order to understand

how the price action moves and how. the big hands will try to trap you

okay still holding over here making still higher. lows but lower highs so when i see that instantly

i know that we have a contraction right so. this leads to or a big push or a big dump

again support over here around six. forty six fifty start watching this

main j lines over here are 6 20.

they just don't want to make it like fail. over here they just don't want to make it fail

so support 640.

careful traders breakdown coming. possible wash again to the 630

v-lab over here uh look at the times and sales. i start seeing a little bit more sellers 44.

okay that's 6 40.

we have this important support 646-42

as i still not fading

bounce again 655 green again they. simply don't want to make it die

so netflix is pretty sidelines. pathways pretty sidelines

and vdi sidelines

so we have to wait i'm waiting traders. for on the pickups right now uh once

uh bwb is done we're gonna go over possibly tesla. and apple just wanna explain you how this morning

uh the way that i read bookmark was so clear. for a trader for the trade all right so clear

so that you know next time you can i don't say. trade right away live but do your practice in

demo start practicing first experiment. see if you're able to do it recognize it

and also one suggestion is record your screen. record your times and sales bookmap over here

you can shift parameters and i invite. you if you need help to write me in the m

on on discord i will help you uh also put. up one or a five minutes hard or three

minutes the one you're more comfortable. try to record the screen and re-watch it

now you don't need to re-watch seven hours. and you know price action really doesn't move

but look those moments where we have reversal. bounces fades big orders big sellers buyers

and so on right those are the moments that you. have to focus what happened on the tape how was

bookmap did i see a big seller it was a sold. that we have a clear pattern all of this right

and i guarantee you that it will really. help you in becoming a better trader

again 640 remember we are saying before. support for rx 640 possible watch the v web

there we are watch the 6 30. now look the. sellers over here so we have some decent

one there we are 620 there we are six now. careful because often what they could do

wash fast reclaim the web bin push the upside

we're now they're starting to hold. over here this is the sweep indicator

so you can see instant rip to. downside sweep indicator coming up

now we are holding below viva but often remember. we can have like a reversal fast over here

so good play again don't have the bars on. this but good play analyzing in this right

okay another seller over here just below v web

and i'm starting to watch now tesla

so as i was saying before. tesla is the main stock for me

nice over here first breakdown of the v web

yesterday i made an analogy on tesla and. we were for example looking at where tesla

what's the possible target on tesla okay so the. market over here in these days is pretty bearish

i think that uh if yes we'll continue to fail. sorry spy will continue to fail below this 390.

the main target based on my strategies it would. be a 360. so therefore all the other stocks

that are uh following and now i was saving. bitcoin they are following uh the the indexes

they will probably unwind so i'm looking at tesla. for example 750 and then authority of 700. so

these are not really observed targets because i. made for example analogy explaining this right

the point is uh we have to wait we. have to wait and see what ess is doing

so uh this is not me but it's just like a way. how to execute the trace so you can understand

how to to short over here when we have. the crack and this is pretty pretty good

now let's see new gappers we have. nothing for now so c e l h track rgls

afi so i'm going to stick to tesla i think it's. a little bit still early and i will explain why

this is a one minute chart i mean we can even

use a five minutes only to see a bigger. picture so trend line break over here

yeah next next target definitely 774 and then 750.

so i'm not sure of it here why because. we're still in range for the morning right

so i need to see yes like starting to downtrend. spy and q and everything and then of course we can

take uh a good short also on uh on tesla we'll be. looking at vida facebook rabbi apple this morning

i was also looking at coin which is a learning. miss coinbase remember had uh some very bad news

rdbx also breakdown

and this morning i was not really looking at rdbx

so it was not really like my. my first stock to trade uh

it's one of those stocks that is really. beaten down stock just look over here

traders on the daily i mean if it will. be interesting we may put up a bookmap

but i mean look how it works with the levels. right so we had this resistance at just six

and this morning with the pop into the six over. here and now it's pulling back more than one buck

we're talking about small. caps so let's go back to tesla

these are nice sellers look at this. tape i don't see really any buyer and

we're going to put up alts over here

times and sales

let's zoom out a little bit so we are. below the trend line stock is fading

my plan this morning was. to look for a short and uh

i just want to make you understand. not really to show my my trade

but i mean what's actually i can. just show you one second right now

uh so that that you can. understand uh the price action

so that is the morning trade pre-market and then. over here shorten the gate right for for the fade

the point is we had a very good read i. had personally a very good read on tesla

and the reason why is because i see this every. single day i mean i watch tesla every single day

uh if you start looking at the same stock if you. start looking the same or say patterns trying to

recognize right tell this lately uh this last. last weeks is doing always the same pattern so

what it does over here is uh what i call the. pop-in feel right let's see if i can put one

of these screens over here i don't want to blind. you before i add even a black one i don't know why

okay so in order to understand order flow we have. to think about this so imagine that this is the uh

the previous day close sometimes tesla will be. here so gapping up sometime tesla will be over

here right so when it opens take a reference for. example the v web we can put the view up like this

we can put the view up like this sometimes a. stock when it opens will be above the v web so

what i see is that we can fail pop and then. over here i'm looking for a rejection so

this is a pop-in fail and of course i. have to look if the previous day close

will hold a support and bounce back up or fade the. second scenario so imagine again we are trading

below in this case the the previous day close. and uh this is the v web we are opening above

again we can push this push often. could be to the previous day close area

and then we can start shorting over here. higher and then we have to wait for the v

breakdown because sometimes can reverse and. push all to the upside now having said this

start looking at tesla and i'm gonna put a five. minute so that you can see yesterday closed sorry

over here so there you can see yesterday close. remember this morning we had data right around

the 8 20. that's the reason why i started shorting. 802. so yesterday uh we closed into this area

so around 790s 7987 and d7 right and this. morning we had to open just into that previous

day close all right so we had a push right. away to that close and then started to fail

and if you look traders over here if you. look what happened on on the bookmap this

is one of the saddle that i simply love we open. above the viewers remember what i just told you

it popped where to the previous day close. it started to fail over here the view up

and then here they are starting to bounce i mean. once i see that this bounce cannot continue and

reclaim the high of the morning so after the open. that's your short and that is how it went down

now you can tell me jay this is gonna fail like. you know uh 100 points like usual but i can tell

it was still a good fader we had even a second. one right so it came a second time over here

above the v web but it couldn't break the open. level it rejected again and what happened after

rejection of the heat map view app again. uh perfect lower high of the v web that's

a beautiful setup so i simply love really. to see this setup over and over and over

look what unwind over here so that was the juicy. one for the morning over here you can start seeing

you know more selling pressure and a. certain point we get over here exhausted

exhausted support we started having like buyers. you know less magenta sellers over here again more

buyers in control more buyers in control and then. you know that eventually went green on the day

now what i'm looking is for another. fader if yes will continue to unwind

tesla will be my first. candidate to be here for uh sure

that's some some wild action in uh tesla. there yeah i mean tesla these days bruce and

was simply amazing my friend was uh going up. like uh at the open a couple of bucks like

on the 26th and the 28th for of april and then. dumping them happened like a couple of days ago

and it's one of the most volatile stocks right now

this is this is great for your. directional trades i mean just fantastic

take the directional trade get out you know uh. yeah and then let them do the deep pullbacks

uh and then get in again exactly exactly for me. that's one of the most important principle i mean

i don't you know that i don't really want to enter. the breakdown like for example uh this morning on

my uh trading i didn't look to enter over here. because i know that over here first of all we

have a support i've seen bookmark over here with. liquidity uh now uh if i enter in the breakdown

where i'm gonna put my stop my actually real stop. was over here so that's really not a good risk

reward ratio that's the reason for example that i. take the shorts over here so the high because my

my system tell me to go there and i stay away. from this maybe i will take profit down here

now i don't short now yet because we. have this main support from the morning

so my idea is to wait for the crack of. 780 starting to see like some pullback

and then looking if we can fail the. midday afternoon that would be amazing

of course ronnie has traders all right so. always have a guy yes spy cues and enqueue

micro support over here on tesla's 783. i just simply love this micro support

this seems such a good. distribution pattern over here

and each time now they they made a a small. consolidation i was looking before the

like over here you see traders this is a small. consolidation what i like to call him jim slim

i was starting a trader in the remember my beer. yeah in the 90s i i don't remember his name so

pardon because if i don't call his name but i. was watching this trade in the 90s early 2000s

and he called this uh this pattern the zim slim. right now you can tell well it's a pennant or

a flag or whatever but anyway we have that uh. very very tight narrow uh short consolidation

i i just call it gym slime all right breakdown. over here of a distribution pattern beautiful

you can see over here sellers jumping. in i want to see the speed a little

bit increasing over here is that it's not. increasing increasing in the speed right

times and sales has increased because you. want to see more like stop loss coming in

rdbx in the meantime jaylin's bound simply sick. but again i didn't have this morning rdbx in my

playlist so i'm not really traded all right speed. of tape is increasing look over here so we can

have uh if we break this 781 which is my support. and also we have 780 now then we can have 7.75

seems like the market started. again too sorry found a direction

uh my beard yeah check if we have over here on the. one minute and also nvidia right now is starting

to unwind so of course while i'm over here with. you traders my beer is managing uh the trades and

we're looking at nvidia facebook and uh tesla. i really like this uh this continuous sell-off

on tesla right now this support should crack. maybe a small bounce but should crack over here

so why because we have a steady amount of sellers. joining over here steady amount of sellers

look at this uh this drop right. each small pop is sold off

big magentas versus the the blue the blue ones

this right now is starting to see a little. bit more we say range for the day on

uh on tesla but i would like to see. eventually 750 in the next day so

that could be brutal crazy volatility i. mean it was at 12 over 1200 um you know yeah

a couple months ago or something yeah. bruce it was it was simple like crazy

but i mean the worse is this buddy the. worst is this just look at this stock

and uh it has some crazy dumps during. the day now if uh td over here is uh

updating all right so look at look at this buddy. 380 like uh six months ago eight months ago

and we went to 170. uh yesterday was. looking even a stock i believe was pitten

i i i follow peyton a lot. because uh look what he's doing

right you know what's your position over. here shorting what's your position by inputs

so easy things right easy things not really

hard right now market is basically. giving me all like shorts

and this is the level where we. are right now okay so we are

on that main support then we have the 754 and. then we have this 700 over here 697 is 700.

a quick question on facebook uh that's. what you're looking at just before right

uh yeah of course yeah um so uh i'm just. wondering like uh how you started to look at

the weakness in this stock because what was. the earnings report in the earnings was just

horrible is that what it was uh yeah and then you. know it came up also the news that there is a lot

of competition for the murderers you know like. disney's doing one then we have apple doing one

so even for that you know facebook is like. putting ourselves in in in the metaverse

right now that's like you know they're like uh. uh main goal but there's a lot of competition

and you know reading the news over and over they. stated that that is one of the main main causes

of all this field plus of course the returning the. guidance and everything yeah because like you know

you might have your intuition on what it's. worth uh but fundamentally you you need

the data to tell you like and and then there. you covered it earnings and also competition

yeah i would say bruce that is always you know. uh in union between uh technical and fundamental

analysis now how much has to be technical. analysis which i include also or the flow inside

versus the fundamental analysis well. for a day trader so in my case day

trader i invest long term but right. now we're talking about day trading

so according to me to i mean at least my. experience how i i mentor the successful

trade in the past i would say that order flow and. technical analysis is like 85 90 percent equation

and once i see um even this cross over here. of the j lines to the downside on the daily

and i then refer to a a shorter time frame. right so i start referring to uh for example an

hourly for our chart i mean then i start looking. really for you know good patterns for for a short

yeah yeah i mean it makes good sense. like it you know when is the the emperor

you know finally not wearing clothes um. and uh you know facebook uh uh peloton

um some of these other ones like you just kind. of question like really like where are they you

know are they really worth what they're trading uh. exactly i mean just look at the majority of these

coins that we're trading right now okay. like even the bad news on coinbase today

or just look at baba so alibaba how much really. like lost in the last year something incredible

and we're a trader who is not really only an. investor but a trader who can manage short

position and also options like buying puts so with. a very small amount of capital you can have like

excellent returns then as long as you. have liquidity you're going to make money

yeah yeah makes makes sense i mean it's nice to. see some common sense kind of filter back into the

bigger picture here yeah thank you for for telling. me i have a little bit of common sense buddy

well no you're you're spot on all the time. uh very very uh uh uh stoic with uh with that

so last night bruce i i was in a you know in. a webinar podcast on youtube with trendspider

they invited me know and they asked me i listened. this they asked me jay uh how are news important

in your trading and i stated this i stated like. you know for me it's what's really more important

the technical analysis in northern flow because. it's true because it's true i mean i say what i

believe in and what i see it is bringing me like. good results you know yeah uh progress just look

this uh this traders is uh an absorption look over. here and uh this is a beautiful over here pattern

uh so 780 i said before for me we're gonna have. a breakdown and i still believe in that but okay

somebody soaked over here so they exhausted the. sellers for that moment now two minutes passed

from that level we had a bounce over here 783 i. still see like some sellers over here on the tape

uh they they have 19k 20k on tesla. which is not a huge amount of uh

of liquidity if we break this 774. so let's watch. over here for a possible breakdown and look at

these uh these prints over here i mean we have a. lot of sellers there's no doubt over here we have

a lot of sellers we had even like no buyers on. these peaks look how many times this is exhausted

so until we are below the 784 over here i'm. still like short bias on the stock seems like

another distribution pattern for the morning. so let's uh let's continue to follow here

yeah i'm really curious if they're. going to stay in the market there those

those buyers on the bid yeah yeah yeah. they seem to be legit over here yeah

but i mean or they're like shorts from higher. prices and they're just like covering over here

or they still want to build you know maybe a. bigger position they're i would say averaging

or like maybe they have like position 600. they're into their position because we get we

we say that tesla is one short seller killer you. know a lot of funds over here traders they lost

a ton of money shorting tesla so some hedge. funds losing billions shorting tesla in the years

right this doesn't mean that tesla can't be a. good short for the next few weeks or the next

few months right just you have to. be careful because history tesla

news comes two seconds can go up like 50 points. all right so we're touching the 784 over here

so we had over here the previous consolidation. when i say consolidation is all this level

right here right also at the previous. level so we are below the 783 and 50.

so i'm still not short i will. take this position if i have the

confirmation that over here we have. a weakness i'm looking also at yes

yeah that's a question about how you. um look at the es in relationship uh to

some of these stocks okay so uh we would. need me and bruce over here to talk at least

one good hour only for this because. it's not that you know i tell you now

es uh is the guide or enqueue is the guide or qs. is the guide for the market for certain sectors

and you know you have this and you will trade this. and everything will be fine it's not like that

really it's a question that needs i would say. more investigation in and more explanation

what i can show you for example we can put it. up here and i have another monitors i have yes

i have vixx i have the thick i have the eqs. i have the nq i have the spy everything but

you know i don't want to confuse you with too. many things so what i suggest is just to keep

even a normal chart unless you three futures. with a one in five minutes like very very simple

something like you know like this will you. put all your levels of support and resistances

into day or the previous day right days. and then you simply look if we have

or say a fail below the v web or a bounce above. the v web if it's continuing to make lower highs

so unwind or higher lows so an uptrend and then. you start seeing like all the sector for example

tech stocks is it like fading you start looking. at md tesla or md i prefer to look at nvidia apple

i prefer to look at facebook that is your. guide now market is uh unpredictable so if

a news comes out for example in nvidia uh or an. earning or an upgrade or co stating something

that could be i would say um individual. relative strength so you will see for

example facebook or nvidia with the news pushing. in a different opposite direction versus yes

okay means that the relative. strength in that case is very high

but if i tell you traders that 85

of the trades i took on tesla and apple. in the last uh what is now may five months

there were 80 85 percent always with es as. guide and the win rate was very very high

so i'm still like with id over here we can fail. so we're going to look if we can have this unwind

i'm still not in a position

and what's the same time the facebook nvidia

and that was great uh joseph i mean all. those market internals you're looking at

uh and um it is a big much bigger discussion and. and um yeah one one of your strengths is certainly

keeping things simple uh and uh so you know how to. react you know what you're looking for you've got

numbers behind it you've studied it you know you. have an edge uh you make such a such a distinction

uh it makes you a professional trader uh and uh. i'm i'm wondering though like looking at sorry

bruce if i interrupt you are just short over here. 8240 uh tesla okay on my accounts actually mama

bear shorted them for the reason that we have. the trendline break that we were just watching

yes making a leg down and then i see you know. what i call my wrist level i love him i love him

because uh my beard is not in with 5 000 shares. so we have a clear risk now i believe the 780 will

go and we're gonna have a drop boom there we are. we're writing the money 8250 over here as uh entry

and now i can put my stop right here. sorry bruce but i needed to say this and

explain traders no no house to look at this. tape reading on tesla more important absolutely

so looked at 20 000 i mean it was used. right we bounced over here before but

this didn't mean that we were bouncing all the. way up we bounced into this area of consolidation

i was wrong because i was saying 784 but you. know it's not a precise level in this case

we have a resistance 784 785 so we bounce into. this series over here now we are trading that

trending down after trendline break this is a. support 774 and 50 so where for example mabier

i know that she will scale out partial and she's. smarter than you know uh i would say myself maybe

of course you're smarter but over here what she's. looking at she knows that our support is 774 and

50. but she are adjusting this with the fact. that 775 we have a a decent amount of support

so we don't want to wait you know like the 775. crack to take a little bit of partial so we're

going to stay probably like 50 cents above that. and now being that we're short of 782 and 50

our risk is gonna be in the money so 780 so in the. worst case scenario we're taking two bucks and a

half but of course we wanted this trade maybe. to go 20 bucks 30 bucks a day we never know this

so it's very important for me that you traders. started to understand not only oh it's a heat

map it's a trendline break is whatever v. wap stuff i'm shorting no that's i would say

30 of the equation everybody can take a good trade. but i would say the majority traders cannot manage

to have the best result with that trade and that. is where you have to grow as a trader and i'm

telling this because uh being that i meant from. traders i know the main obstacles for traders

and if you do this your r won't be sufficient to. make a living in trading because you will cut too

much fast too fast your wins and then when you. have losses you will have like four hour flosses

so you have really to improve these scales if. you want to be a trader in this case you don't

have to get scared because over here you see. you know not anymore like sells we still have

sellers even if the majority over here are in this. case buyers because we have i believe like covers

i don't start seeing over here higher lows are. lows and a huge amount of buyers that i get scared

and know that this will push up above 780. so. right now what i'm doing 779 and 50s are trailing

and look over here we're almost. the main target and it's okay

if one time you'll get stopped and the. tray won't work it's okay if two times

will happen this but eventually if you have. a good strategy you will make your profits

yeah well well put

because you know bruce i saw like you know. some some good trades from members or from

traders over here even uh in in in the book map. community that i mean they took some good entries

and then let's say they took 10 points out. of tesla when tesla went down 90 points

so that day you take 10 points the day. after you stopped like four four the day

after you stopped out for four so your. plus two commission and everything light

whatever energy you're gonna go break even or a. small red if you think like i don't say 90 but

still a big part of this night maybe like 50.. of course even if you have all your expensive

losses you're gonna still be like plus 40.. so that's how you're gonna make the money

risk management traders risk management all right

so again 779.50 we will trail partial. then with the other stop is 781 so always

in the money never let uh we say a winning. trade turn into a losing trade never

and you know traders why you do that

the point is a lot of traders get like i would. say too happy when they see unrealized profits

until you don't close your. trades that's not your money

and you cannot fight it

look over here we have a little sweep at the. 780 because it had a big push if we close down

below the 780 that would be another possible. add to our position so over here we really

have a fight and if you've been looking over. here at the size you can see really that

there's like a 50 50 buyers and 50 50 sellers. all right so they're trying to keep it down

so now we hear my beer is all out so she took our. profit is what not a huge profit over here but

still she did a decent trade and if we're going. to have another setup we're going to retrade it

you don't have to be stuck in your position like. you know you're shorty you were for example up six

bucks per share and now you see like you're only. they took two bucks uh so you're gonna continue

like risking more because you cannot you know. accept the fact that you have not anymore those

six bucks or possibly you'll be looking at p l. the p l i only watch it when i close my monitors

all right never watch it never. do it while you're trading

right now is stuffing you see right. away fast rejection i start seeing

more sellers over here look at times and sales

a this thing over here seems like gonna crack

i mean it's a beautiful stuff over here what. does it mean over here that we had like sellers

782 and 50 is the last chance for fail otherwise. we're gonna go back up to the 785 787 790

i'm telling this because i know where. we have like the main catalyst up here

so let's check this price action

small liquidity area is 782 it went

seems like they jumped over here on the bit or. they spoofed we have a small one over here careful

so somebody is refilling over here the. 782 because they ate a decent amount of

size and you know they're refilling. so we have another seller jumping in

that's good i mean that's good if you're. looking for a more fader over here trendline

below 780 and 50 we can have more and wide. right now about 782 by buy is gonna push

we have hidden cellar traders 782. on tesla he's clear like the sun

crystal clear oh there we are so over here we have. the breakdown of that 70 support there we are boom

so that's why i said before it's important to. put your trendline we just put like 10 seconds

ago and then i can't right so that is now you. want to see a confirmation of a close below 780.

otherwise what happens over here. that we're going to have another

pennant and this could push still to the upside

so you see breakdown 780. reclaim the 780 and now popping

and understanding this gives you a clearer. picture uh of how to trade something like

tesla which is so volatile uh two days ago i. had a tape reading lesson with uh with a trader

and uh i went over the level two. the times and sales and the bookma

and he asked me honestly jay what. uh do you prefer tape or or the flow

and well i know how to read the tape pretty pretty. good but i told them honestly and that the way

that you can see structures on multiple assets at. the same time on bookmap is something i would say

far beyond what just tape reading can do. because tape i could read it pretty good

if i have one stock maximum maybe two but i'm a. trader that i'm looking six seven eight stocks at

the same time and if i don't look in that moment. on that precise stock i don't know what happened

in after 10-15 minutes with bookmap i just. need to look over here and i know what happened

and i could dig into and see how much size. was traded it's not you know like normal

times and sales or every single like you. know broker that after what 30 seconds one

minute if you don't filter it you don't see. any more like the the size that was traded

okay so that is what's interesting for me multiple. products so multiple assets at the same time

and right away at a quick glance i can understand. the price section over here in the traders in the

meantime another stuff brutal right so tesla. doesn't have any kind of intention over here to

push there's an app so you cannot fight the. trend over here it's red everything's going down

candles are red zone is red for now i'm going to. stay with the with a short bias nice juicy heat

map this level over here 7845 again a breakdown. over here so there's a little bit of uh war

that's fantastic joseph i i love hearing that

you've kind of made the link or relationship. between the time and sales skills that you've

uh culminated over the years to directly seeing. it historically in the chart uh in bookmap

yeah yeah because bruce when i look at a. stock and let's say i'm going to look at tesla

if you take now normal level 2 in tesla you're. going to see almost all the prints the same

i mean i'm just watching right now between uh. okay zero so means like it's below 100 shares to

maximum 200 shares i'm not really gonna understand. much even if i have you know like the full book

that gives me all the depth when i see something. like this and i love to keep it like just big

i can understand so much because i will have my. chart my chart will tell me over here we have a

consolidation area of resistance i'm gonna see. the heat map okay stuff boom i'm gonna short

right away i know how to react with this all. right so if i see on the tape and maybe i have

to look at three four or five stocks together. i'm gonna remember and spot all these things

at the same time i must be a computer i cannot. process all those things it's true that a person

i read it processes 11 million partial of. thoughts in a second 11 million partial thoughts

and only 40 are i would say conscious all the. other thoughts so more than 10 million are

unconscious so how the heck i'm gonna look at five. six tapes the same time understanding what to do

if i'm not a computer that's. where the ads over here comes

thank you bruce so traders any questions over. here um sorry if i was not watching the the chat

but i was you know more absorbed. here to explain the order flow uh

let me see we have razer good morning razer what. are you looking for yes break of that level how do

you manage your stop on tesla above liquidity all. right so again two good questions that would take

so much but yes for me right now doesn't give me. any signs of bounce on the daily and weekly chart

so i'm so sure bias uh how do you manage. your stop-loss on tesla above liquidity

this is a good question it really depends. from the scenario normally i would tell you

above liquidity but then with all this. market giving so many stuffs right

they will often use that liquidity all right for. fake house because often liquidity where you will

find it you will find liquidity like over here at. precise levels maybe this was a daily resistance

so you put a stop over here and then you. start like you know complaining with yourself

while you stop the top if you were let's say uh. short so i prefer or to stop it break even let's

say i'm short comes back up i started break even. or to give a little bit more wiggle room because

i've seen this over and over and over all right. now experiment uh i would say start it not the

same on your synthetic razor then some days. that fall skews okay to say just saw a buy

order on yes get filled above the offer crazy. first time seeing that on bookmap well you will

see often you will see often are often could. be dark pulls all right so you will see orders

that are into the mids you'll see orders. that uh for example uh when the broker opens

you know like let's say the prices over here. broker opens you will see like fields over here

and you think how can i get a feel over. there i want to show it over here because

then eventually went over here you cannot. you cannot right we cannot me and you cannot

somebody can not us those are back orders. from the system uh other question traders

i think it's pretty pretty common over here. pretty good uh in youtube here um we answered the

es question uh and uh that was the main question. over there um it's a request to look at some other

uh stocks but we've we've got to end the webinar. now okay so uh we can call it over here bruce

what do you think yeah yeah yeah all right so. again uh thank you for being an amazing team

uh i mean uh if you have questions during the. week like what would you like that i cover next

week or you need an explanation just reach out. you can uh uh just reach out to the jaytrader co

on twitter and or just simply over here on. discord right for who's part of the team

and so next time we're gonna have like a uh next. week webinar i'm gonna answer your questions right

just uh about the market and or the flow. okay guys so again bruce thank you very much

uh thank you bookmap and see everybody next time. take care traders excellent thank you joseph bye