Does anyone take about two steps forward from the other end? At this time, load and make ready, conduct it, and we'll do it louder through this hole. Bring the pistol to your register space. Insert your first 20 round magazine, run the slide forward. Protect the press check. Two rounds from the holster once your target appears.  Two steps back. Good, I saw you. Think about the fundamentals. Think about all the steps that we have taught you. Loading on your skills and sharpen them. Shooters, stand by! Two steps back. Get that third sight picture. Two steps back. Shooters, stand by! Ready on the trigger. If that front sight post is where I want it to be on the target, where am I breaking the shot? Right here. Right here. No questions asked. I'm trying to save time, yeah? Then I will finish my extension through recoil. If I don't pick up the front sight to right here, where am I breaking the shot at? Right there. It's wherever I see that front sight post, that crystal clear where I want it to break. Then I break the trigger to the rear. What people have a huge issue of doing is they come on this gun, I start trying to incorporate all this speed into my draw, and what do you think they do to this? They break it too early, or they slam it to the rear like it owes them money. Crystal, I can tell you how long it should take to reload a rifle, all just by human reaction time. Once I have those numbers and I understand those numbers, I can input them into any algorithm, and then figure out how long those movements should take me. What do you think we're going to do now?  Does that make sense? What's the time on that? Uh-huh. It's fast. What do you think the time is? 1.2 It's under a second. Economy of motion? Economy of motion. Do you guys see what my hands are doing? For real, are you watching my hands or are you watching the target? It wasn't 5 or 8 by the way. Are you watching what my hands are doing? They are moving simultaneously. I am picking the front sight post up right here. Where is the shot breaking? Right here. It's breaking right here. Half a second is over. A second and a half is a lifetime. How many more shots are going to break in a second and a half? 1.8 2.3 4.5 Something like that, right? Is that important in a gunfight? Yeah. If I can break 5 shots accurately before you can break 1, who wins? Whatever it is, I'm at the high low ready. I'm looking around. All of a sudden, guy pops out with an AK. Boom, I react to that, right? Reflexive fire. Boom. See a guy, squeeze the trigger off as generally as fast as I can. Am I keeping the rounds as actively as I can in the center of his high thoracic area? Does that make sense? So that's the next thing that we're going to work on next. So what we're going to do is jam up our next 3-round magazine. Everyone has their own 3-round magazine. Excellent. What we're going to do is load that magazine up. We're going to go from the high ready, okay? We're going to turn the targets. We're going to put them on. What is our gunfighter math, we think, for shooting 2 rounds? For me then to mentally make the decision to go, nope, he poses a threat. I have PID to weapon. He's pointing it at me. I need now to defend myself. Quarter second, let's just say. Quarter second. No, this is going south. I now need to eliminate the threat. Quarter second for me to understand that. Quarter second maybe to what?  I'd probably say I don't know about half a second to 2 rounds. Definitely half a second. Definitely half a second. Probably like 3 tenths of a second. Maybe, I don't know. You can put it on the timer. You can put it on the timer. We'll find out, alright? Let's do that way. Alright, let's just, roughly let's just call it a second. A second, gentlemen. One second to decide your fate. To come up shoulder that rifle. Safe to fire. Squeeze that trigger 2 times. Watch that threat go down. Get a 3rd sight picture. Put it on safe. Come back to the hot compressed ready. Search left, search right. Right, put my rifle down. That's been a long day. Stand by.


The broadcast is now starting. All attendees are in listen-only mode. Good morning traders. All right, so welcome to the Bookmap Professional Trader webinar series today. We have Scott Pulsini. We've had him a few other times in the past and excellent trader. He's been trading for over 20 years and then during the years of 2002 to 2005, Scott was very, very actively trading the S&P E-mini and was responsible for about 10% of the total volume of that E-mini futures product. So hard to believe and just hard to believe the kind of nerves of steel that Scott must have. But now Scott focuses on trading both equities and futures. He's an expert scalper and eight abilities here to quickly read the order flow and react within the volume and price patterns and order book. Okay, so a quick review of the risk disclaimer trading futures equities and digital currencies involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. And then if you're interested in Bookmap, here's our info at bookmap.com is our website. Twitter is our at bookmap underscore pro and then email us at support at bookmap.com. One more page here. If you're interested in reaching out to Scott, he is a educator partner here at Bookmap. He offers mentoring services. Here's his website. Here's his email, his Twitter and then Bookmap Special offers from Scott as well. Don't worry. I'm going to put this into the chat right here and you'll have all of the links here on and then and take you right to the whatever it is you're interested in. Okay, so without further ado, let me turn it right over to Scott. Thanks, Bruce. Can you hear me? Yep. Yep. I see your Arizona landscape with your daughters. Okay, awesome. So do you want me to go through my history quickly again for new listeners or you just want me to jump into trading? Yeah, maybe quickly go through. It's such an incredible story. Yeah, it is. It was anyway. That's why I like to tell the story just to show that I'm not some million dollar trader like I used to be with the whole ideas with this program.  And before I was above average reading the order flow. And when that went away, I had nothing, you know, and I was just basically a schlep looking at these charts, these bar charts and, you know, with very mediocre success. So the whole point is, you know, that's why I've agreed to do these webinars with book map because it is the, you know, I say it every time it's the most powerful thing that I've ever seen in the marketplace. Bar none and especially in these, these times that we've been seeing the last month or two, it's, it's invaluable and you're going to see some of these setups that it's really going to kind of make things a lot more clear about what's going on.  And so you'll see. So anyway, you know, my story is I started, you know, I started following stocks when I was younger, 15, 16 with my grandpa. And in fact, then obviously there's no internet because I'm old 48, but very interested. I went to college, St. Ambrose University business finance was my major and I always knew I wanted to be involved in the stock market.  I don't think I've ever told this story either, but and it was just, I, you know, I had an internship at Smith Barney, Chicago, and it was just too slow and boring for me. So my friend actually had worked at the, he was working at the board of trade and he got me a job down there being an ARB clerk in the five year option pit bond option or note option. I'm sorry. So that kind of, it kind of was introduced to trading, you know, I went from couldn't be more boring, you know, cold calling people to right in the middle of the, of the war and the action and these pits.  I mean, training on the screens is nothing compared to what these guys used to do in the pits. It was absolutely amazing. I never personally traded in the pits, but it was quite incredible. So I was on the board of trade for about four years and I worked my way up and I was an ARB clerk for a couple big brokers. I moved into the bond pit, which is, you know, the most stressful thing you can ever imagine times 10. I mean, I literally equated to maybe being in a war where if you make a mistake, you can literally kill your broker financially. And that's how stressful it is. I mean, you've got those, you know, flinging signals at you at nonstop and, you know, hundreds of thousands of dollars on the line. So kind of learn how to be calm under pressure there. And then one of my buddies started working at a trading firm called King Street Trading where they were trading electronically. And it was brand new back then. This was, you know, 2001. And I, you know, I begged him for a month to get me a job because I knew that was what I wanted to do, especially if you didn't tell me some of these stories about these guys making millions of dollars right off the bat. So I begged him to get in there and he got me, you know, he finally got the owner Chuck McElvane to give me a job. And I sat down my very first day and I lost $2,500 trading one. That's in the E-mini S&P, which anybody who trades not knows that's almost impossible to do. And I'm not talking putting in one lot and holding it. I'm talking about in and out the entire day and I lost $2,500. I almost got fired the first day.  And just trying to figure out because back then there was no education for these futures markets on the screen. Right? So it was like, they put you in front of the screen and said, figure it out. And if you figure it out, you're golden. If you didn't, you were gone. So I lost money every day in my month and a half. And then 9-11 happened and they shut the markets down for a week, which I think may happen again here. We'll get into that later.  So I had to figure out what I was doing quickly. So I decided to trade overnight in the German DAX, kind of just try to see if I can figure something out. And I started actually making some decent money in there. Every night I would make, you know, between $500 and $1,000 a night. And it felt pretty good to, you know, by five in the morning, I was up $1,000, you know. So, you know, most people can't make that kind of money. I was just thrilled. I was tickled that I was doing that.  And then the E-mini S&P, you know, the equity markets opened back up a week later. And I employed what I learned in the German DAX to the E-mini S&P and started making money consistently.  I mean, again, there were some guys at that firm, at my firm that were making millions of dollars. So, you know, I was slowly but surely making my way. And it got to the point where everything just clicked for me. And I knew I had figured it out about what I wanted to see. So, I actually made the owner of the firm a bet that I would be the number one trader in 2002.  And then I go in there making this ludicrous bet at the time. And he, of course, took it. I mean, it was just more of a gentleman's bet. We've got a, you know, a golf trip. I think he was just kind of chuckling that he was about to fire me anyway. So, go ahead. Yeah, I'll make this bet with you. So, lo and behold, the following year, I ended up being the number one trader at King Street. That was 2002. I made 2.8 million that year. And then the year after that, you know, I started obviously increasing my size, scaling up, scaling up. Because what I was doing works, which usually happens, and if you're just marketing, you know, if it works with a one lot, you can do it with a thousand lots. So then I started trading, you know, bigger and bigger and bigger. And, you know, I started out again trading ones and twos like everybody else. But that's, that was my gift.  Most traders, once they get out of their comfort zone, you know, as far as contracts traded or shares traded, they don't think the same way, right? They start to panic. They start to say, oh, you know, this is worth this much money. I'm going to lose things like that. So my gift was I could put on, you know, I felt the same way, whether I had a one lot on or a thousand lot on, it hurt the same way to me. So, you know, I scaled up and then all of a sudden I started making millions. In 2003, I made 10 million. 2004, I made 1.8 million. So you're talking $15 million over three years for my firm. And then all of a sudden 2005, 2006 happened where low volatility coupled with these algorithms that started to take hold in the market. I went from literally making millions of dollars to couldn't make a dollar overnight.  You're wise enough to go from trading 1,000, 500 and 1,000 lots to back down to normal size. So, you know, I went from couldn't make money, then all of a sudden I started losing money, you know, I'm going to be, you know, losing a couple hundred grand in a day, 100 grand, 300 grand. I had some really bad days and then it just started going downhill. So, you know, 2007, my firm and I decided to part ways. I mean, a lot of the traders were blown out. I mean, at the high King Street trading was like 70 traders and when I left, they were down on like 12 or 13. So, everyone was was feeling, you know, it was much, obviously much more difficult to trade. But, you know, it was, it was pretty trying time, but I always figured, I always thought to myself, well, I can figure this out. I'll learn a new method. You know, and behold, I went another 6, 7 years trying to reinvent my style to be more of a longer term trader. And it just, you know, again, I'm at best a mediocre trader trading longer term on these, you know, for swing trading type of trades. And, you know, I always knew my gift was fast mental processing, but I just, you can't do it in these markets unless you know, you know, how to write programs and even then you're not really processing it. You're just writing a program to process it for you, which I didn't have that ability. So I struggled for years and years and years and couldn't make a dollar and 2013 had to say uncle for a couple years and because I had to support my, you know, my family.  He's happy behind me for a year and he wanted to see what, you know, what made elite performers tech and, you know, it's about trading, but also about, again, elite performers like Michael Jordan, things like that. And what all these elite performers have in common. So anyway, he sat behind me for a year and I got to become very good friends with them. And he's always been a big, big cheerleader for me wanting me to make it to the top again. And he had contacted me about a year ago, telling me about this incredible software called book map. And he's like, this is kind of right up your alley of what you used to do where you can see what's happening in the marketplace. And so I started to use it. I mean, the minute I the minute I brought it up, I was just floored. I mean, this is, it was exactly what I used to look at in the trading dome depth of market. But it was laid out in a manner where you can see where, where these algorithms were playing their games, you can see where the real money was where guys really wanted to interact. So, when I saw that I'm like, you know, the light went out again just like it went on when I made that my initial bet with the owner of King Street. So, I spent the last, I spent the last year trading and I'm the upswing huge compared to where I was. And, you know, that's why I agreed to do these webinars because if it wasn't for book map, I would be probably completely out of the markets. That's how. And I know a lot of traders feel the same way. I mean, it's all relative, whether you know certain traders making 100 grand a year 200 grand, a lot of traders have been blown out just because you can't compete with these computers until now. Right. So, and again, you know, book map is a little bit of an art, but once you understand what you're looking at, I think it's actually more of a science than an art. If you can, you know, and the thing is it's the same across all platforms are all all instruments, I should say. So, you know, the same things that work in the E-mini SMP work in the spy work in stocks. So, I've also switched over to stocks. I trade equities as well. I've talked about that in the past and some of these webinars, but what I didn't really hit me because I had a decent size account for the equities that most traders can't really trade equities that are underfunded or just beginning because you need a minimum $25,000 in your equity account or you're labeled a day trader and you're limited to five trades a week, which is just absolutely asinine, but it is what it is. So, unless you maintain a $25,000 balance in a stock account, and that includes trading options, you can only make five trades a week. So that's not very helpful for most traders. So, I didn't really strike me until recently that most traders probably are trading futures just because you need such little margin to trade or equity to trade in some of these markets up until actually recently where they're increasing the margin calls and stuff like that. So, for this webinar, I'm going to talk more about trading futures and just a couple of key things that you should be looking for when you're trading, especially in these crazy and insane markets. I mean, the whole idea is to control your risk, but in these markets, obviously, and I'm talking futures now, it's real hard to control your risk. I mean, you're going to get stopped out. Even the E-mini S&P, before this craziness, my stop loss would be at the most three points. Now it's 15. Right, so it's like, but thankfully for a smaller trader, you can trade those micro, E-mini micro, or the mini crude oil contract to help you kind of manage your risk and you can have larger stops without pulling out your account. So that's basically my history and not shall I go into the trades here, but any questions going into that, Bruce? Nope. Okay. Okay, so what I want to go over today is kind of, I'm praying I don't lose my screenshots without a couple times in the last couple of hours, but so the whole key to trading futures, in my opinion, and I'm going to show you is you want to know where the big money is trading, right? You want to see the games. You want to know if it's algorithm-ridden or if it's real money and people really want to get involved in these areas. So what I've been noticing, and I actually learned this from Bruce, as far as liquidity levels and how these markets tend to travel to these liquidity levels. And I always knew it was valid, but with this craziness, you know, the volatility lately, it's been just absolutely golden to know where these liquidity levels are in these futures markets. So what I do, you know, when I bring up the markets in the morning, I will look at even the S&P, the SPI, which is obviously the tracking stock for the S&P, the NASDAQ and the QQQ. And I also trade the crude, but I'm going to show you in these examples how, so let me back up for a second. So you got to remember these big money cannot trade, cannot chase the market, right? If they put, especially in these markets where the liquidity evaporates, right? So, you know, if a big fund tries to get in here and buy, you know, 1,000 E-mini S&Ps, the thing's going to rip 30 points, probably more in these markets, right? So the way that the game they play is they put their resting orders in the book and then they eventually drive the market into those orders. They get filled and then they're good to go, right? So, and now don't get confused with that means it's going to happen immediately, right? My point is it's going to happen. It's just at what time of the day it's going to happen, right? So, you know, you still have to figure out a place to enter in these markets, but Bookmap helps you do that as well. But what you're really getting here with Bookmap is literally they should call it a treasure map because that's exactly what you're getting, because you know exactly where these markets are going to trade, I'd say, especially lately 80, 90% of the time, eventually, right? So it's your job to kind of figure out where to enter, but it makes trading a lot easier if you have a bias and you have a direction where you're leaning and you can be patient and wait for your time to strike and then play that move to the liquidity. So instead of, you know, most traders and I'm guilty of this to get in there and they want to trade both sides. The markets rip in both ways and they're long and they're short and they're long. And I'm telling you, you know, from my experience, the best way to do this is to use what I'm teaching here today and kind of come up with a thesis for the day and stick with that, you know, until unless you're proven wrong. Again, most of the time it's going to travel liquidity. So these are examples I'm going to show you. I'm going to show you a couple short examples where the liquidity is all resting below where you want to find your whole mindset is finding an area to get short, right? And that you're not risking, obviously risking a lot of money. It doesn't mean, so, you know, for instance, you see this, this is the E-mini, it doesn't mean on the open. So this was on, this was on the 12th, I believe, 12th or 13th, where it opened limit down and then it didn't open until, so this is a, this is Pacific time. So this was 845. So it didn't open for 15 minutes into the, over 15 minutes into the open, past the 830 open, central open. So it doesn't mean the market opens up and you just short the market expecting it to go to these liquidity levels, right? Again, you want to find certain spots too short. And these examples, I don't really show you where to short because I didn't actually short it. I waited, but I'll show you where I did short. So hopefully that's not confusing. But so this is, this is the E-mini S&P on the open. And when you look at this, right, most novice traders will look at this and say, oh, look at all this, look at this huge, so all these are for the newer book map users. These orange or red areas, I'm color blind, so I'm assuming they're orange, dark red. All this is this large volume in the book, right? So you can see the volume there, you can see the volume there. It's a lot easier to try and, to see this liquidity laid out like this than discern it in the book saying, oh, it's 477. Is that a lot comparatively, relatively right? All you have to do is look at this, and you don't even have to look at this order book, right? Which I highly recommend you don't. I mean, I have this up here for trading purposes to enter my orders. But you don't even need to look at this because you start looking at this, especially in these markets, your head's going to pop off because you're just, it's so confusing. And the orders pull and put back in, pull and put back in. And that's the whole idea of book map where you don't confuse yourself looking at the dome anymore. You look at it laid out in this manner where it's showing you relatively what are big orders and where they're at, right? So the whole idea is if you see these orders put in here from obviously before the open or right at the open, these guys want to get filled, right? This isn't a game. I'm going to show you what a game looks like, but these are real orders, right? So again, back to what I was saying, most novice traders will look at this and say, oh, there's big bids in here. I want to be a buyer because I got all this, I got this to lean on where it's got to go through all this to go down, which is right in certain circumstances. But especially in this environment, these orders, they want to get filled, right? This is the big money. And the big money will win eventually. This market will, again, 80, 90% of the time before at some point in the day, it will trade into these orders. These guys, you've got to remember, they have so much size and they can control these markets where they'll play the game, they'll play the game. You'll think it's going up, you'll get long, and then it will eventually just go right into these orders. Then they get filled and then it goes, then it will turn around and go where you thought it was going to go initially. So the way I do it is in the morning I'll bring up, again, this is the E-mini S&P and I've got a lot of examples here. This is the, let me see if I can, so I have this on a different screen. I'll just have to drag them over because I was going to try to move this to a different screen, but I don't want to screw it up. So anyway, so this is the spy. So this is the same, this is the open net just past 850 central, 650 my time. So again, liquidity, liquidity, liquidity, right? The E-mini, this is the same thing, the E-mini S&P, liquidity, liquidity. This is the NQ, liquidity, liquidity, liquidity, right? These are all different markets, but this should be telling you something that somebody wants to get long and these markets are going to move to that price, to those prices eventually. This is the QQQ, the tracking stock for the NQ. So they're all very similar in what's occurring, right? So the whole point is you want to find areas to get short for moves into this liquidity, right? So when this opened, I didn't get short right away. I wanted to see how it kind of reacted in these markets at the initial liquidity because a lot of times, again, it'll do this and it'll rip up and then it'll eventually come down. So I was kind of patient with this. This was, again, last Thursday, I believe. So this was last Thursday where this was the liquidity I was showing you. It looked like it was going to rip into it.  Again, it doesn't matter what it is, it just matters that it happened, right? So you had this huge spike up, right? So even if you got short here, which was very understandable, you know, as long as you have your areas where, you know, again, you got it and I'm going to show you can actually from today where I got short and I lost just right before I came on, it's fine to lose, right? You're not going to be 100%, you're not going to be 50% most of the time. Most great traders are 50% or less, but they make multiples on their trades when they're right, right? So they're risking, you know, one to make eight, one to make six. So you can be wrong. So even if you got short here saying, okay, I think this is going to go because, you know, it did open up a limit down and it could easily go down on the next, you know, level where it goes limit down again. I think it was 7% and 15%. So there was nothing wrong with getting shorter initially as long as you can control your risk. And if you're wrong, which you would have been, you're out and you wait for your next opportunity, right? So this was the announcement. So there's a couple of things I want to show here in the E-mini S&P. First of all, so this is very telling. This announcement came in and you could see all this huge buying, right? So this is obviously the algos and the traders that have the squacks and they hear before most traders. But look at this liquidity that was in this book that immediately pulled out of the market, right? So this tells you when you start seeing this and then you see the liquidity gone, there's something bigger happening, right? These guys, these are the informed traders, right? So they yanked the size one or two reasons. One, they don't want to get run over because of news. Two, because especially in the E-mini S&P, you need access to your capital, right? It's not like trading stocks where you can trade hundreds of thousands of shares. In the E-mini S&P, you need a lot of money in your account to be able to put on thousands of contracts. So what this tells me is once this happened, the guys that were waiting for their fills here pulled all their bids so they can get involved, right? Because they can't have all these resting and then get involved as well because it's just, you know, most firms have a certain amount of size they can put on and then they're tapped. They can't put any more size. So my point is when you saw all this liquidity pull, there's something going on, right? So that should just alert you, stay out of the way, just let this kind of settle down and then look for areas to enter short. Again, your bias going into this was short. You don't want to chase this up.   So again, I was leaning short. I'm not looking at this area to get long, right? I'm going to let this play out then I'm going to look for areas to short. So and it doesn't always necessarily mean it's going to be heavy liquidity, especially when it's a surprise news event, which this was, right? So the guys didn't even have time to set up there. I mean, this is light liquidity here. So if you're looking for a short, you want to see, you want to wait until you see the sellers fighting back, right? So I see this and I'm just patient. I mean, I guess you could have gotten here, but I never, I never will sell the first down blip, right? I'm going to see. I want to make sure it can kind of hold and then go. So this was, you know, straight buying. Again, I'm not getting long. I'm just waiting for areas to get short because I know. So in this instance, you don't really know, hey, is it going back to liquidity? But if you bring up, if you bring up the, this is the spy, right? So look at the spy, all this liquidity stayed in there. So that told me that confirmed that in the E-mini SMP, those guys pulled the order just so they can get involved in this because they couldn't leave their orders resting and get involved. But two, that these markets were eventually going to come down into this liquidity, right? So this was, this was NASDAQ liquidity starts to turn over. And I'm going to go over what I saw here in a second. I just want to show you how I knew, you know, not to change my short thesis just because that run up just because I saw that liquidity pulling the E-mini SMP. All you have to do is go to your other markets, right? And you should have all of these markets up, even if you're not trading stocks, you should have the QQQ, the SPY, the NQ. And I'm going to show you why for other examples as well besides this one, but all these other markets, all this liquidity stayed in the book. So I know in my mind from my experience that I just need to see some sellers come in and that's going to be my key to get short and play the move down on this liquidity, right? Again, if all this liquidity would have pulled, then I got to reassess. But again, I'm waiting, I'm looking for the best areas to get short and, you know, I got a gift with this move to get, to get short at really good prices. So you can see in all these markets where, you know, again, you don't want to get short when you see the buyers running. And this was the flip in the E-mini SMP I was telling you about as well. You don't want to get short when you see these buyers running over people, right? You want to get short when you start seeing sellers fight back. And then you can see the size of these bubbles, you know, it's pretty significant, especially because there was none on the way up. So the minute you see these, that could be your signal to get short, right?  The other markets, I'll get to this one in a second. This was the spy, right? Same thing. It actually, someone did put some liquidity in, and then you saw here come the big sellers, much bigger than anything you've seen here. As soon as you see this, you can get short, put your stop above here if you're trading spies. E-mini S&P. Same thing.  And you got to risk, you know, 30 points to, and again, you want to have a good risk reward, and we'll get into that too, but you're risking 30 points, but you know if you're right, you're catching a 200 plus point move, right? Or 150 point move. So that's a five to one ratio. Again, most people can't risk 30 points on a one lot. That's why you trade the micro-mini S&P and then it makes it more manageable. It doesn't matter what you want. This is just how it is, right? This is how these markets are trading.  So my point is, on all these different markets, once you saw the selling come in, you can get short here, put your stop above here, and play to the liquidity. Any questions on that so far, Bruce? Yeah, yeah, we're getting a bunch of questions here. So let's see. And guys, get your questions in if you have any for Scott here. So just a minute, Scott, let me get them prepared here. I guess the first question is, what is the heat map setting you're using on the upper and lower cutoff if you could show that? Well, I guess you can't, these are images. Yeah. Well, I could bring this up here. This is real time. Oh, okay. So, I mean, it's basically defaults. I mean, you can adjust the bubbles here. Again, I use red and blue because I'm color blind. And I also use, so instead of red and green, because they look the same to me. And I also use, if you right click on the, how do you bring up the volume settings, Bruce? Yeah, there you go. Right, so I use the 3D bubbles and I use the volume delta, right? I don't like this look because it's too subjective, right? It's like, yeah, you can see there's sellers here, but there's sellers here. It confuses me and you want to keep things as simple as possible, right? This is, this look is simple to me. Volume delta, buy minus sell, and you can see who's winning, who's losing, right? This is real time, by the way. So, again, right here, so say you're trying to get short and you just, this is nothing but buying this entire time, right? Now it's finally running some liquidity. You see, I didn't mean to get into this yet, but you see some selling here. So, right now, when I show you, because this today has the same look as the examples I'm showing you, I think we're going to trade down in here. I mean, this is actually a good time to show this. I think we're going to trade down in here by the end of the day. This is a decent place to get short, right? Where you can get short, as long as you start to see some actual selling, right? Let's see what the E-mini S&P looks like. Again, I didn't plan to talk about this live, but so you see some liquidity here. I mean, wouldn't be surprising to see it go up into this, but, you know, spy-wise, you can get short here and risk right here. So, you're getting short of $249 with risk up to, you know, $250 and a half, right? So, again, it's all about risk reward because if you are right, yeah, you're risking $2 or $1.5. If you're right, this thing's going $9, at least to here, probably to here. So, again, it's finding the right here, having a buy, having a thesis, and then finding the right areas for your high risk reward, where I know if I get short here, I'm only risking to here. And, granted, it could go through here, then you're going to be wrong, again, 50% of the time. But I can tell you right now, if this comes up and eats into this and fails, I'm definitely getting short the E-mini S&P, and then my stop will be here because, you know, I think it's going to eventually, again, go down. This isn't pronounced. I mean, this is actually pretty pronounced. Again, I'm telling you from my experience, this is going to trade down here by the end of the day. That would be my guess. QQQ, same thing comes up into this liquidity. You know, they just put this in now. Again, don't be surprised. Again, you could take a shot here if you're wrong. Wait for this liquidity. After that, there's nothing above here, right? And then look below. Again, this is real time. This is what I'm showing you where you know this is the big money. This is the money that wants to get filled, needs to get filled. This market will trade into some of this liquidity in the end of the day. I will almost guarantee it because they will make it trade into the liquidity. You have to think about the markets, like you're the big trader, right? You're running the show. What are you going to do?   Then you get long at good prices, not at crappy prices, right? And that's what this is retail trading, getting long here. This is professional trading, getting long down here. So again, that was real time. I got on a tangent there. Did that answer the question? Yeah, it did, Tom. And he probably answers some other following questions here. But just, I'll quickly answer this one. I already did for Michael in the chat, but he's asking, how do you know that they want to go to those liquidity levels? You've already answered it. Right. Well, because they're sitting there. And again, when you see orders sitting in there from the open, they want to be filled, right? This isn't a game where you get an algorithm. I'll just give you a quick example here. I'm going to show this as well on my other examples. If I could find it. There it is. So this is what algorithms look like. I mean, look at this monstrosity, right? You don't want to be participating. And this is, this is, this is a market where they're putting in pulling, putting in pulling, pulling and pulling, right? So this is a market where you know it's real. This is a market where they're just trying to whipsaw retail traders all day long. This is market where you know, see it's already starting, right? And again, of course I'm not trading this right now because I'm talking, but this, the point is when you see this size that stays in here like this, the market is going to gravitate towards that because the market makers who put this in are the ones that control the market. Does that make sense? Yeah. And Michael's asking again, is Michael, like if they, you answered it before Scott, your point was this that the larger players, like they can't run price against them. They need to get filled with limit orders. Okay. So they need to set those orders and then do something in the market to try to drive price into them.  You know, it's like, they already know where the cliff is and, and they're setting their orders and they're, and they're trying to drive price into it. Exactly. Because Michael, you know, like I was saying earlier, one, they're professionals. They want to get filled at the best prices. Two, if these guys turn around and try to buy this kind of size, here's 100,000 here, 85,000 here, all represented obviously by this line, which is much easier to read in Bookman. If they turn around and try to buy that type of size, this market's going to fly off the page, right?  Why are you paying up? Why would you put in that many orders at that kind of size and chase the market and just cost us, you know, tens of millions of bucks possibly. So the point is they want the best prices. Eventually they will get the market to go into their orders. That's what I'm trying to say. You have, this is a treasure map. You know where this market is going to end up by the end of the day. It could happen right now. It might take to the end of the day, but your bias looking at this is being short today. That means not playing games, being long in my opinion, right? This is what I do. I don't play games with the long. I wait for my areas that I know I can risk as little as possible for a move, a huge move, right? This is a, because of this first liquidity, that's a $9 move. This is a $13 move. This is a $18 move, right? I want to risk three bucks, two bucks to make 18 bucks. That's how you become a successful trader. Not, I need to be involved in every movement of this market because that's what these algos want you to do. And that's why 98% of traders fail because they feel like every time the market moves, they have to be involved.  I mean, this again, there is no program out there that I've ever seen that gives you this kind of transparency where you know what is going to happen, right? When you look at this market, this is the example I got off track with, but how do you know looking at this market that this thing is going to turn around and sell off by the end of the day, right? How do you know this is the level where it's going to stop? How do you know this is where it's going to end up at the end of the day? You don't, right? And you've got to remember 95 plus percent of traders, this is all they use, right? So do you think you may have a little bit of an advantage if you're using the bar chart in conjunction with this? The answer is 100%. Again, take it from me. I used to be the guy that played this game where I would put my resting orders in the order book and then I would wait, wait, wait, and then I would use my size. And I can trade up to 3,000 contracts at a time back then and I would wait and then I would push it. I would sell, sell, sell, sell, sell, sell and push it right in my bit, right? That's the game. If you know what the game is, it makes trading so much easier and you just wait for the game, right? Instead of confusing yourself, trying to know, you know, when to buy, when to, when to, do I get in here? Do I get out? Just know I want to find the best places to get short, right? And this, again, the first great spot to get short was at this heavy liquidity, right? So you want to see it hold here. Again, if it doesn't, then it's probably going to go up to here and this is probably going to final and by the end of the day, it'll make its way down here. So got off track there. How long do we have Bruce? Just, just an hour. Can I go over? Yeah, yeah, we can go over a bit. Not much.  Okay. So I'll go through these quickly because I kind of already went over this because I have a lot of examples for other instances, but... Okay. So this is what I was showing you where that news came out or the Fed liquidity came in middle of the day. Once you start seeing the selling, again, this is just like the example we're looking at now. If you start seeing this come in, that's your cue. You can either play a liquidity level, right? So you can either play off liquidity levels that are resting in the book and see how the market reacts to them. And then, you know, you get short here and put it just above. Or if you start seeing heavy selling, right? That's another cue that you can use to get in, which was this example, right? Because there was really no liquidity up until this point because it was a news-driven event, right? So once you see this, you can get in, put your stop here, knowing I've got an 80-plus percent chance that this is going to trade in at least one of these liquidity levels by the end of the day, right? So that was... S&P, or that was the SPI. This was... Okay, so then this was the... This is what happened, right? So we'll just go through this quickly. So lo and behold, you know, this was the S&P. So this is obviously late in the day, but it ended up... I'll show you a more condensed version in the SPIs and the cues. But you can see, you know, you had all this... This was the rest of the liquidity. It was in there the entire day. It ends up right through it. These traders get filled like they wanted to, then it rallies right at the end of the day. It's more pronounced in these examples here. So this is the... So guys, there's lots of questions in here. These are excellent questions, and it would be great to get to all of them. I'm just going to say this. We'll try to get to them here, but I'm putting Scott's email and his contact information in here. Just email him your question, okay? Yeah, and then I, you know, again, like you said, I do mentoring where I can walk you through this and what I see and how I see it. This is obviously a very condensed version, but yeah, email me. You have my email in my website as well. So this was the spy by the end of the day. Here was the selling we were talking about. You could have shorted here, stop here. Well, and behold, through the first level of liquidity, and then the market closed.  So even 250, even if you got out right here, you made $13 risking three. That's how you make money, right? Knowing this market, they're going to force it into some of these ores, but if not all of them by the end of the day. So that was the spy. This is what it looked like in the queues. Yeah, queues. So this is even a better signal here to short. You could have shorted as soon as you saw them fighting back. And then moves right in the end of the day, right on the equity.  This was from the open after it was limit down all day. So what do you think is going to happen? They're going to get it to their orders so they can get filled. Oh, and the other thing I wanted to show too. So this was the Nasdaq. This shows how ridiculous this is. So a lot of times, because the Nasdaq is so, there we go. I'm going to show you another example of me being long the Nasdaq, but this is, so Nasdaq is so, I showed you that Christmas tree looking thing. That was the Nasdaq, right? So a lot of times you have to condense the thing way down so you can get an idea of what's really happening. So this was the move up. Now this was the only liquidity level when you condensed it. And look how far away this is, right? This is, you know, from the height, this is 600 points away, right? Well, there's no way that would make it there by the end of the day, right? Well, let's see here. And here you go. Well, lo and behold, we're right to that level. Is that amazing how that happens?  You can trade the queues. And I gave you examples where you can get in there. But my point is, it, look, I mean, it went exactly to this level. This thing stayed in the entire day. And lo and behold, we're right down to it. Again, it's a treasure map. If you know what the big money is doing, using book map is like having a treasure map. I can't stress it enough. Next example. This was, okay, so this is, this is crude the other day. This was the day that it was limit down. Let me show that one first. So this was crude, it was limit down. This was Monday, when it was dropped, I'm not limit down. I'm sorry, when it was down 30% overnight, it dropped from like 40 to 27 overnight. I've never seen such a move in my entire life. So when it finally, when it open, open up for the regular session. So again, you condense it. You see what a liquidity is and try to make a judgment on where this market, what the big money wants to do here, right? So I bring this up, there's liquidity here. And then there's big liquidity here, big liquidity here. I'm thinking to myself, this thing is so beaten down. I want to lean long initially, right? But not that I want to lean long, that I don't want to get in the way. I want to be short, but I want to wait because I know this thing is going to probably pop. Again, there's no reason to get involved in this area. This is why book map is so incredible, right? You know, if you get involved in this area, there's a very good chance this is going to happen, right? Where you get wet back and forth. And I know all traders know exactly what I'm talking about. You want to wait to see what it does at these liquidity levels to make your decision, right? So, long behold, this market opens up. Here's the buying. So I mean, I guess if you wanted to get long, you could have got on when you saw the big buying. But again, you got to risk some, you know, you got to risk 60, 70 ticks. That's why you trade the, you know, the, the mini oil. But, you know, if you want to get involved there, if you don't have the large enough account size, but anyway, you see the buying come in. So this tells me immediately, this is probably going to these liquidity levels, right? Because these guys, the big money wants to get filled, right? So pull this up here. Right? So long behold, right through it, right through it. So now if you want to get short, you don't just blindly, right? Because this is still in the book, right? It's a little bit here. And then you get some here too, which was in the, the basically the area was at the open. So you want to get short, you're not getting short yet. Right? The buyers are still winning. I mean, granted, there's no liquidity up here. Cause so that tells me it's going to come back down. But I want to, I want to wait and see this, this area that I blew through, I want to see it get back below there, this area back below there. Because one, the big money got filled. So they're done. Now they, you know, the guys that wanted to get short, now they're short. Now they wanted to go down, right? To the retail trader that bought here, here, here. Now it goes in their face there. They got a puke, right? So this was an actual trade. I think I have the trading. All right. So this actually shows some of my, you know, my areas that I traded. So this was that move up, right?  This is a perfect example, right? So the thing riffs through, riffs through. I don't get involved. Once it comes below this liquidity level here, I short it, right? It comes down. Now in my mind, I needed to see it clear this liquidity level with this big buying took it out, just like I did here. I want to see it clear down, get below here. And then I know I'm golden. Then I know it's going down here, right? Lo and behold, stops here, which happens all the time where it'll stop at the level. I see buying, I scramble, I get out of half of my position, right? So you can see where my stops were. So again, if you have a small count, you can't, I was risking like 80 ticks here. Once I saw the selling come in, I was risking from here to here. These are where my stops. This is another incredible thing about book map, multiple incredible things. One, you can see exactly where your orders were, what you were thinking, what you were doing. Two, you can go back and you can replay every single minute of every day in, you know, and you can watch it in at increased speeds. You can watch it 256 times the normal speed. The normal speed and more. So you can start to learn how to trade. Instead of watching every minute of every day of the market, which I had to do back when I was a scalper. So, you know, Dr. Brett Steenbarger talks about one of the things that separates the great traders from the mediocre traders or the great traders practice, right? You can't get a better, a better thing to practice with than book map.  I would have done that. There's so much experience condensed. You can be a great trader in a few months, right? Because you have this program. That's another incredible thing. But anyway, so I get short here. Get out of half because it starts to, you know, it didn't blow through this. I got out of half and now I'm thinking, okay, now I'm gonna get stopped out of this. I'm wrong, which happens all the time. But again, I'm trying to control my risk. Yes, 80 ticks sounds like ridiculous. I'm not to control your risk. But in these markets, I know I'm risking 80 ticks to possibly make, you know, $3, right? So $3 or $4. So it comes up here, liquidity comes back in. They try to push it through. Now the selling comes back in. I still have my original part of my position on. I'm thinking, okay, I'm golden. And then it comes down through here. It starts to break where this buy came in. Then it looked like it was gonna do the same nonsense. And then it came back through. And now I, you know, now I got in my other half that I got out here. Again, you can get out and get back in. Once you see what you want to see, I finally saw what I wanted to see, meaning it cleared below this level. Now I know the smart money has been filled.  And then lo and behold, shockingly goes right to the liquidity. You can see where I got out. So I got out of some here. I got a look. So when it did this and started coming back here, I got out, I got out of the, another portion and then another portion here when it, it looked like it was gonna go. Kind of like I did here. And then I was out. But then again, then I got back in just with a little portion here because it got back below, right? And I, and again, my goal was, I thought by the end of the day can get to this liquidity. So I got back in a little piece. And then I, you can see where my stop was put in here. And then lo and behold, right to the liquidity bit at the end of the day. Just, it's just amazing how, how smart these guys are, right? You know exactly, this is a treasure map. I knew it was going to happen. You just have to find the right places to do it. And again, if you're wrong, wait till you see what you want and then get back in. This is a perfect example. I'm glad I had this up here. Any questions on that, Bruce? Only a couple more examples. So hope I'm not talking too fast either. No, we just have many, many questions here. I'm really not even sure where to, where to start. Okay. So let me get, let me, I'll go through these examples real quick. And then. So this was the chart of the day that I just, that I just traded. Oh, sorry. It's right here. So you can see, again, you're trading on a bar trade. Why are you getting short here? There's no, there's no structure to lean on. Right. I mean, this is the DVA that, which is a standard deviation. This is VWAP, the blue line. And then there's two standard deviations for me, which I use. I make trading very simple. That's all I use. But I guess you could have traded here, but again, I don't trade a VWAP or the DVA daily, daily value area high. This is daily value, very high, daily value, very low. I don't trade here unless I see confirmation in the order flow. Right. Which this was.  Right. You don't. So this is getting lucky. This is being informed, knowing what happened, knowing where it struggled, knowing where it's going. You don't ever see that in a million years in a bar chart. Right. So again, if you're a successful bar chart trader, great more power to you. Just think how successful you'd be adding book mapping where you see real time volume and know what games are being played and where the big money is playing. Only a couple more examples here. And then I'll take a couple of questions. Okay. So this was NASDAQ on the 13th. Right. So this gives you another example on, so it's not just always short. I'm not just cherry picking because the market sells off every single day. So this was last Friday. Yeah. Friday at 13th.  So what, why are you going to get long right here if you're trading in a bar chart? Like what's the reason there's, what structure are you using to get, to get long besides guessing and getting lucky? Right. So now you bring in book map. And so this is what I mean about. So when I, when I use a NASDAQ, when I, when I look at the NASDAQ or trade it, this is what I do. I mean, I don't usually trade the NASDAQ. I'll trade the cues instead of the NASDAQ. Because again, I have a account where I can trade stocks. So NASDAQ, you have to condense it, especially nowadays, and which is really surprising to me. NASDAQ is really taking over during this volatility period. And I thought it'd be the opposite. Right. I thought they'd be out of the way. They are full force. Right. So you can't really see what, what's going to happen as far as the treasure map I've been talking about, especially in the NASDAQ, unless you condense it. Right. So basically to condense, you just go to this side and this is a screenshot. So I can't do it. I'll show you here at the real time. Right. So if I want to condense, this is what I, you just go over here and you pull it down. Right. So again, look at all this liquidity. Look at the buying still happening and that's fine. Right. But the minute you start seeing the selling, this is where it's going. So anyway, I'm just showing you where you can kind of, for the newer users, you can pull this up and down. So you pull it down and then you get this kind of look where it's a lot more clear what's going to happen. Right. So this was, this was at the open, around the open or hour, I knew it did this and then came down here. So there was no liquidity below here. This thing turns around and rips. By the end of the day, you guys should all be shocked by what I've told you so far that it made it into this liquidity and this liquidity bed in the day. Again, if you, when you bring this map up at the beginning of the day and you see, because this is from the open, you say to yourself, it tried to initially, and it came down here, you're telling yourself, I want to be long. I need to find the best area to be long because I know by the end of the day, this will be at at least this liquidity level and probably this one. And lo and behold, this is a 400 500 point move in the NASDAQ. Right. So the point is, well, where do you get long? There's no liquidity. What do you do? That's why you use these other markets that you have access to. If you get the DX feed, you have access to the stocks. That's why you use these other markets to help you judge. Right. So this was the cues. Right. So this was down here. Here's the cues. Look how I could have used this to determine either getting long the NASDAQ or getting along the cues. This is a different look than this as far as helping me decide where I want to get long. Right. So it busted through this liquidity here. They sold it. Now this is telling me like, I ideally wanted this area here. Right. But obviously in trading, you don't get what you want most of the time. I start seeing this buying come in. I'm like, okay, then maybe not. I see it come here and then it kind of starts to hesitate, and then the buying comes in.  This is your first try to get long, where you see it can't hold below this liquidity. It tried to sell through. You see the buyers fighting. The buyers, the buyers are getting bigger. You can get long here. You can risk down below here. And then if you're wrong, if you're wrong, then you wait for this next liquidity level. Again, you're not always going to get the exact areas you want. So this was a way for you to know in this chart, where to get long. Right. So you can either trade the cues. And you're using this reference level to trade the Nasdaq, or you can just trade the cues. But again, you know that this market is going to this area at some point in the day. That is, that's night and day.  So, and then long bill, this is the move up. I'm going to come. So a question on them. How are they driving it toward those areas? There's a bunch of questions regarding this. How are they driving it? Yeah, toward those areas of high liquidity. Well, you can see it.  Pardon my language. They, again, this is, this is why I know this is happening because you have to remember this is what I used to do. I used to be this trader. Right. I used to be this kind of size where I would put a thousand, two thousand resting orders. Then I would wait, then I would wait.  And then they start to play their games. And if they can get a little momentum and they get the closer it gets, then the more they can add in their size to push it into their orders. Right. So that's all this is they wait. They wait. This is again, this is just like what I used to do. I used to wait. I would have my resting offers in just like this. Pretend this is, these are my resting offers as soon as I, it started to kind of creep up. I would buy, I would just literally force it. I would buy, buy, buy, buy. And I only had 3000 contracts. I say only because some of these firms, they have got, they could put on 20,000 contracts of futures. Right.  And then they're going to force it right into their offers. And that's exactly what happened right through them. So that's how I know because, or that's how they get it there because they, they force it into their orders. Right. So that again, I know that because I used to do it. Excellent. That's an example. So if you go to questions, yeah. Okay. So if you didn't use this to get in the Nasdaq, this is what you would have been looking at. So again, if you don't condense the Nasdaq and you're not using the cues in this instance to help you. This is what you'd be looking at. To get in the Nasdaq. Tell me what you see here. Besides a Christmas tree. Okay. So if you didn't use this to get in the Nasdaq, this is a Christmas tree, a painting. It's like, there's no, how are you going to judge where to get long trading in the Nasdaq when you, when you actually expand it out? That's why you want these other markets, these tracking stocks as your guide, right? Get the DX speed, have the QQQ, the SPY, even the VIX, the VXX and see what's going on. So if you can't discern from this, then you go to this say, okay, now I have an area. Now I have a reference point where I can judge where I can get long, even if you're trading the NQ, what are you trading off of? This is nonsense here to me, right? But I know in the cues, I know what the areas are, which are obviously, because this is a tracking stuff in the NQ, so I have a very good idea where I can get long the Nasdaq. Okay. I think there's one more example here. Okay. So this is my stock example, right? And again, I haven't been trading that many stocks lately, just because when volatility gets over 20, 25, everything trades with the market, right? So there's no use of trading stocks because they're just going to move with the market. So this was Zoom, the stock Zoom on 3.5. And amazingly, I know you guys aren't going to believe this, but look at all the liquidity in here. I'm going to give someone a guess on where this market's going to end up trading to, right? Again, it happens in every market. It happens in gold, it happens in oil, it happens in equities. It happens in E-mini, S&P, everything, right? So here's the smart money with all the orders that want to get filled, want to get short, whatever the reason may be, it doesn't matter. You know it's legit if it's in there the entire time and you know your odds of it going to hear our substantial. Again, it's a treasure map, right? So this opened up, so I traded strategy and I'll show you what that looked like on the bar chart. I traded strategy that uses VWAP. Again, you know, guys that want mentoring contact me, I can teach you my strategies as well. But when it came down here, this is where I got long, knowing, you know, because it ripped up, came down. Now I'm long on VWAP, which is right around here, right? Knowing that it still has all this liquidity to trade into, right? Again, most amateurs will say, oh, I want to be short because I got all this, all these guys want to sell. No, it's the opposite. It's going, the market's going to move to this liquidity. So I'll show you what that looks like. So I got long at 118-ish. I'll show you my stats here in a second from the P&L from that day. But, you know, I was only trading at 300 a lot here in stocks, which is not a lot, not 300 a lot in futures. That's a different story. So this was, you know, this is where I got long. It was down here actually at 118 and VWAP, which showed you just right around here, right? And then lo and behold, all that liquidity, this is more condensed, but you can see, let me bring this up real quick, right? So this was all that liquidity, right? So you saw it at 121-122-123-124-125 and above. I just don't have it condensed. So you can see trades through 121-122-123-125, it's just, it's like you're a fortune teller, right? It's amazing how this happens. And then, so at this liquidity, it starts to kind of look like it's going to sell off and again, help right where the big buyers were at this liquidity level goes up. So now it gets up here and I know all this liquidity has been filled and I see it kind of struggling and I actually flip, which I don't do very often, but I flip because I just, I knew this was way overdone, especially, and this is another thing that I use, another strategy with the VWAP and the DVA, I knew this was overextended and I knew I had this lenon. So I got short around 128 and a half-ish or 128. I had my stop up here 130 because again, if it rips through here, which it very well could, like it did here, then I'm great, I lose two bucks, but I know if I'm right, I'm going to make at least, at least three bucks down here. This first liquidity level we're kind of hesitated, we couldn't get through, right? So I'm short up here and I'm hoping it comes all the way back down all these other, and that's another thing, these prior liquidity levels, there's still reference points for you when the market's moving back down. So you can know, okay, where are these big buyers? Where are these buyers going to try to defend their positions? This is just a wealth of knowledge that 99% of traders do not have, probably more. So I get short up here and then, and actually, I don't know if I have the chart of it. Yeah, I don't have the chart of it, but this is my P&L for that day, again, I was only 300 lot, but I got long at 118, I sold, I got a little bit early here, because what I was doing is I was trading, I was getting out in that liquidity as it was moving into it, because you never really know where it's going to stop. But I think I did a, which was right here, right, so I sold some of 121, some here, some here and some at 125. And then what I did, yeah, 124. So I was looking for that liquidity and I'm out. So now I'm just waiting, because I know it's overextended. So I made 1,300 bucks on a 300 lot, which is good. And then I ended up getting short at that area I showed you, right, around 129 actually. And I wrote it down to 123 and then I got out of the last portion of 125. And that was all contingent on the here, right? So I was, I got short here and then I wrote it down. I knew this was a reference area. I'm sorry, I don't have the rest of this, but it actually ripped right through it. And I'm like, oh cool, I'm going to get it all the way down here. And it kind of hesitated. So I got out here, again, using this as a reference point, then it started to trade above 125 again. And I just got out, because I didn't want to see it come all the way back out. But again, all this is based on the liquidity and what the big money was doing and knowing where it was going to go and knowing where it was failing to get through after it was extended, because you can see there's no liquidity above here. And this was actually the high of the entire move up until today. This was March 5th. It's done nothing but sell off and it's trading like 90 something now. So again, if you're using book map, you're an informed trader and you have an edge that 99.99% of traders don't have. And then the rest is just today, based on what I was showing you. Again, you're looking, this was the humidity today, E-mini S&P. You can see all this liquidity that I'm sure is still in the book if I bring it up real time. This was the spy. Again, this is today. So you should know today as a trader, you should be looking eventually at areas to get short. So I think the spy is at a 250 right now. It's actually through there. So again, eventually I'm waiting. So again, you're trading spy. Why are you getting short yet? You're not, right? Or I'm not. I'm waiting to see like what I showed you in that other example with the news story that came out. I'm waiting to see some heavy selling fight back. Then I'm starting to pay attention, right? Then I see, if I see some big red bubbles, I'll get short and then I'll put my stop right above there and I might get stopped out, but I'll do it again because there's not really a lot of liquidity to lean on right here. When you expand it, it does, but that's just, it's all relative, right? So this is liquidity, but it's not as heavy liquidity as this liquidity, right? Which again, I think that's where this market's going to eventually, but you can use this as reference points, right? And see how it reacts. Again, I'm not selling this until, where are the sellers winning here? Again, this is real time. They're not winning. So why do I want to be short if the big money is not ready to engage on the short side, right? So again, you're patient. You know, yes, sometimes it hurts when this thing rip up, but if you're not informed and you don't know why it's ripping up, why do you want to trade it, right? Because you never know when it's going to flip. I know from my experience that there's an 80% chance it trades back down here by the end of the day. So I'm just looking for shorts right now.  Then when I see the sellers come in, I'm engaged, risking hopefully not too much to make, this is going to probably, if this does what I think it's going to do, it's going to be a $15, $20 move by the end of the day, right? And then the other thing too is, this is my last thing and I can take some questions, is, you know, some days it doesn't happen very often. Like I said, it's about 80%. This will trade down here by the end of the day from my experience. But some days it might just hang up here, but lo and behold, track the back of these levels, screenshot them, bring them up tomorrow. And you watch if this opens up tomorrow and these same orders are in this book, this market will find its way down here eventually, right? So that's the whole point. And granted, you want to find areas that you're risking a little, because I know what people are saying. I'm like, well, great. I know the market's going down here. How much do I have to lose to figure that out? Well, that's the point. You want to find areas that you can be risking a little, even if you're wrong three times, risking two bucks, when you're right, you're going to make 15 or 20. That's the whole point in trading, right? You've got to accept being wrong. And then when you catch it, you're going to catch the $15, $20 move, right? So again, you want to find areas, and this book map affords you to know the areas where this may struggle, right? So here's another liquidity level where, again, if I start seeing some selling and then I see it go below this, I'm going to short it and then I'll put my stop here if I'm wrong and I'll wait for up here. But eventually, again, this is liquidity, but it's not as heavy as this, right? So you just got to be careful of saying, if you have your charts like this, you're going to confuse yourself with the liquidity. That's why, because there's a liquidity everywhere when it's relative, when you expand it, but when you shrink it, that helps you know where the big money is, especially if it's been there the whole time. All right, so that's my presentation. I know I went through it pretty quick, but I got off track there with the real-time stuff so I can answer any questions now. Oh, yeah, no, that was great. And really, there's, guys, just to be fair to everybody here, there's a lot of questions and we've already been going for about an hour and 10 minutes. So I think you're just going to have to reach out to Scott. I'll put the email again in here for you guys to reach out and just email him directly. I think that would be best. One thing that you, I mean, just really fascinating stuff, Scott, especially like at the end there, and we've seen this in the advanced webinars, like on Friday we saw this. Sometimes it just doesn't make any sense. You're like, well, I know that liquidity's down there and then they're still down there and they still want to get filled, but it's driving away from those areas. Well, on the higher time frame though, this might unfold over a few days and it doesn't make sense it's going this one direction, but you know where they are and you know that they're getting filled these offers, for example, on the way up, they're getting filled, right? You're just waiting for those sellers to come in and look on the higher time frame, they will get to those other levels, you know, high probability. Right, and you can see here too, this is the many S&P real time. I mean, yes, you're, again, I keep saying Europe, but I'm personally looking for shorts, right? So, but that doesn't mean I'm just blindly shorting into this liquidity, right? Where are the sellers winning here? Look at this. I mean, they try to fight back a little bit here. You know, again, you could have shorted here and then risked a little bit here, but again, when I say little, it's all relative, because now you're risking 20, 30 points in the many S&P, that's where you trade the micro. But again, look at the buying that is coming in here. Like, regardless if I want to be short or not, doesn't mean I'm just throwing on a trade. I'm waiting to see that I'm an area where I'm right, where the sellers are fighting back. You want to trade where the big money is trading real time and that's what BookMap shows you, right? You get to see what the big money is doing. If you have a bar chart up, you know, what are you seeing here? Like I don't understand, like here, this is a, right? So, where are you, where are you? How do you know? How do you know what's going on?  Are the buyers overwhelming? You look at this, the buyers are overwhelming. There's going to be times where the chart looks like this and it's the same exact look again, because it's a bar chart. You don't have all the information.  You will never know that from a bar chart. That's my point. That's why this is the most powerful program you can ever use for your trading. Okay.  I mean, there's some really nice questions in here. And there's just so many. We'll just, you'll just need to reach out to Scott. I think would be the best. I was thinking I'll send the list to Scott, but you know, we get in trouble when we start sending email lists to our, you know, our people that ask questions. So then it's up to you guys. You'll just have to reach out to Scott. You have his email and that would be the best way. So, yeah, special offers. David also, H.E. is talking about that. I put the links in there for book map. It's in the chat. So, you know, it says special book map offers from Scott. Click on that H.E. That's the one I clicked on. It works for me. It should be working for you guys as well. But anyway, you have all the contact information there. And everyone, thanks for coming. Thank you very much, Scott. It's always fascinating. And to see the other side of the trade here and, you know, what's really going on in the bigger picture in the game here. So I will have the recording up on our YouTube channel under ProTrader webinar series. Give me about two or three hours though. It's going to take a little while for it to parse, et cetera. Okay. Any other parting wisdom, Scott? The size of sellers. They starting to fight back a little bit here. No, but again, don't take my word for it, right? Again, in all trading, it has to be your, what you see and what makes sense to you. You don't trade what someone else is seeing or thinking. You need to experience yourself. So again, watch this. Watch what I'm showing you happen, you know, with those examples for the next couple of days. Bring up your charts in the morning, condense them, bring up three or four markets, look at what the liquidity is, and then see for yourself, see for yourself what the market does by day's end or over the next day or two. See the areas that, why it stops in certain areas, right? That's another thing about BookMap is it tells you why things are happening. That's why traders get so frustrated because they don't know why they're losing. You know, when you're looking at a bar chart, it just rips and rips and rips, you're like, why? When you look at this, this is why, because the buyers are overwhelming right here. They tried to stop it, the buyers bought right through it, right? So it's like, this tells you why things are happening. And again, once you start to understand the why, that's when the light will go on for you, where you will become a profitable trader and be able to control your risk and know what's going on and know the areas to get out and things like that. I mean, you know, this is just the tip of the iceberg that I showed you here. You can listen to some of my other webinars. I was a little more micro, but I just wanted to point that out on how incredible this is showing you what the big money is doing. And what the big money doesn't really want you to know. And what the big money really doesn't think you know. That's what's great about this.  But, you know, the funds, you know, they have this information and they can't be real happy that it's starting to get out to the general public, especially if they know how to use it.  But, well, you know, again, you have a window.  So it's like, now you know, what area were they willing to fight back? Right here before this liquidity. Again, it could come up here again. And it probably will, right? Just because it's so beaten down. But if you see this come up here again and kind of stall at this liquidity again and then turn over and you see selling again, that's when you get short. That's when you're risk above here, right? So you're still going to be risking 20 points in the E-mini S&P, which is a lot, trade the micro. And then you say to yourself, my first area that I'm looking to get out isn't in this area where the heavy buying came through because you know there's going to be people trying to defend it. Then if it gets through here, if it gets through this area here, I can almost promise you with 100% certainly it's going down here today, right? Because these guys that bought, just again, think of it like you're the big trader. You bought here, it trades through it.  And this isn't a couple of points. This is 25 points lower. There's going to be some serious puking of all these guys that got in. So again, the more you watch this, the more you replay it, the more you listen to the webinars and kind of try to understand what I'm saying. And again, I'm here for you for mentoring if you guys want that. But you're going to be so much more informed than an average trader and you will be a successful trader by using Puking Map. So thanks Bruce. I appreciate you giving me a chance to get on. No, thank you very much Scott. It's really, really, really nice stuff. So thank you everybody for coming. And we'll have Scott again. We've just gone way over our time limit here. So we'll catch up with you guys another time. Thanks again Scott. Thanks Bruce. Okay, bye bye.


Okay. So, hello everyone. My name is Thomas Maloy. I'm from the UNSW Law School. I'm an instructional designer there and so I'm doing my masters at the moment in a New Zealand university and my focus is on peer-to-peer interaction. My master's finishes in three weeks, which is probably why I'm going to read this presentation rather than do it freestyle because I've been pretty busy the last few weeks. So I just want to have a look at or share some of my findings around peer-to-peer interaction online. I'm really interested in the idea of what successful peer interaction looks like as I've seen some really great online peer interaction. I've seen some really woeful or peer interaction that results in absolutely no learning whatsoever. So I'm sure you've all heard the refrain from students that, you know, they thought they were being forced to do an activity online. It had no benefit for them. It was just extra work. So this is kind of something we're trying to avoid. So for this presentation, I'm drawing on the literature. My experience as an online student for the last year, as I said in New Zealand University, and my experience as an educational designer trying to make peer learning online meaningful. So what is peer-to-peer learning in an online course and what makes it successful? The model I want to look at is this model we're implementing at the law school at the top there. This is using a classroom approach where the students first engage with course content over there. This is Bloom's understanding section at the bottom of his pyramid. The area of interactive content is rapidly changing at the moment. We're now chunking up in law, chunking up the cases and the readings and providing a variety of multimedia with interactivity around key concepts. So we're using H5P at the moment. Has anyone used H5P in Moodle? Okay, so for you, those of you that have an H5P is an amazing plug-in that now allows you to upload videos to YouTube and download them into H5P and put questions within the video. So it adds interactivity around the activity. So we're also using some software at the moment called Smart Spur, which also integrates into Moodle. And this is a University of New Wales company that's now worldwide. And it's also a content management system. And this allows us to put a variety of content in one place and provide interactivity. In a course we've just run using Smart Spur as putting all the videos and graphics and text with interactivity quizzes immediately after chunks of information. We surveyed the students and the students absolutely love it. I've never seen feedback from students like this before in my life, so that really works. So that coupled with the collaboration phase in the middle, which is more knowledge building and analyzing and evaluating the information that they've got in the first section, it allows the students to construct knowledge and meaning from the content and from each other. We're also finding that chunking up the informational content in the first section allows us the option of chunking it up a little bit more in the second section where we can put the students into smaller groups around that smaller and chunked up information. And finally then they enter the classroom and this is the key. They enter the classroom to apply that knowledge in a very active way. For us this is the merging of online learning and face to face learning or blended learning. The key to having this as a successful learning model is that each step is very dependent on the others. In the past we've had a kind of bolt on model with eLearning where the eLearning element is over there somewhere and the face to face experience kind of remained unchanged. I'm sure you've had that experience. In the bolt on system there was always the cry from academics that only half the student cohort came to class prepared. Having these three sections interconnected will mean that students have a responsibility to themselves and their peers to go through the material, collaborate around the material and then be able to apply information and knowledge in class. So online collaborative activities that require peer interaction could be forums, wikis, blogs, peer assessment and project work. That's not exhaustive but that's what I came up with for this. So I think we all agree, what is it? I think we all agree that social engagement enhances the learning experience. Social constructivist ideas have the students connecting with content and then engaging with others around the content to construct meaning. The social aspect of this brings, looking around the core there, variation in the level of prior knowledge so you can get students mentoring each other and forming a pool of experience within the class in which to make meaning from the content or online in the online context. This can and really does work well in an online context especially if you have a skilled facilitator who is a subject expert. Peer learning has been shown to be highly effective in terms of boosting focus, depth of understanding and of course motivation which is the next one. So any discussion of peer interactions must touch on the issue of motivation. What motivates us, what motivates a student to engage with others online? In my experience learners will do what they need in the online learning environment, no less and no more. This is the reply to at least two posts scenario where they have to go in there and collaborate with their peers. It might not be connected to the coursework that much. So this scenario where students will do this as a task but only do it because they have to do it. So I did an interview for my masters the other day with a student and the student showed me a Facebook group where her class was discussing a law issue. The debate was robust to say the least. It was amazing. There were two clear differing opinions around the issue and people were really pulling the issue apart. A student had initiated the conversation based on interest and the conversation posts got up to about 140 posts, people posting, which I thought was amazing. I've never seen that in an online educational sense. I thought that was fantastic as there was great soft skill learning going on of critical thinking, communication and interpersonal skills and they also were really analyzing the topic which is what we want them to do. I asked the student later in the interview why this kind of discussion never happens in her course and she told me that her course is a formal learning space where she has to behave in a certain way to get through the course. She has limited time and so will do what she needs to get through. And I think this attitude is really common. The other interviewees also expressed this. Even I'm doing this in my course. So this made me think about Ryan and Desi's self-determination theory which is where they show that a lack of student autonomy will result in lowered learning outcomes. Students in the Facebook group were totally autonomous. They had intrinsic motivation to continue the conversation. It was still loosely within the confines of the course material and there was really dynamic peer interaction around an issue. Whereas in the course they were being instructed to discuss an issue and reply it to other posts. In this situation the students were not very autonomous and so minimal interaction was happening in that sense. So there was more extrinsic motivation of the pressures to fill the requirements of the course and little intrinsic motivation to interact with each other. Does that all make sense? Yeah. So what's the problem and what can we do about it? At the moment in the model I showed you before we're in the transition phase of this and implementing the new model of learning. The problem here is that in the structure of academic teaching the academics don't have time to deal with online interaction. The teacher or facilitator though is critical to foster a community of learners bringing expert direction to a thread and giving students a sense that the teacher is there with them. At some stage we're going to have to change the structure in which the academics are working to allow for teaching to be done online and that's the critical thing. So as I said before there's been this idea that e-learning is kind of over there, students will do the readings online and then perhaps discuss the topics. When they come to class the academic teaches them virtually in the same way as before. This for us is the key to making online peer interaction meaningful and effective. It is connected in a seamless way with the face-to-face class. So if it's connected in a seamless way to the face-to-face class then the students will be much more active in both spaces. So for example if I was a student and my class was on Friday and it required me to stand up with my group and summarise, compare and contrast with other groups, present your understandings, debate an issue, etc. Then I think I will consider the online portion of my class as an extension of my face-to-face class. And usually there is a certain amount of accountability in a face-to-face class that motivates students to participate in a class. With close interaction between the online and the face-to-face hopefully this accountability will go through into the online portion of the class. So the key to the motivational puzzle is to have strong teacher presence in a course. Allow for autonomy in a classroom. Allow for students to collaborate around content. Have relatedness in the form of a strong learning community. And relatedness to their learning goals in the sense that students want to show confidence among their peers. And have challenging activities to push the students outside of their comfort zone. Interest in a task is critical and there can be two kinds of interest. There is individual interest and situational interest. Situational interest for me is when the students are connecting the learning through the three stages that I mentioned before, where they know there will be an outcome at the end of the process. So in the class there is an outcome so they have to go through those three stages to get to that end point. So the situational interest may be in the process itself rather than the content. So if we can get this balance right we can increase the levels of intrinsic motivation to collaborate online, I think. So isolation is another problem. This is brought about by low teacher presence and I say that again. The time delay in responses, lack of interest in an activity or a badly designed activity that doesn't take into account the interplay between the content, the collaboration online and then the face-to-face experience. So we're trying to set quite strict timings on the online interactions. The students function much better in a structured schedule, particularly if it's connected to a class. So again, going back to that Friday idea, if they've got a week to do the online interactions then we say Monday, Wednesday, Thursday in preparation for the Friday class, it's got to be structured. So we'll also be focusing on effective teacher presence and how that works, not just in the course, but also in the structure of how academics interact online. And that's the structure coming from faculty or even from the university where we allow the teachers to teach online, not just have it as a bolt-on. So just quickly, as far as designing peer interactions, I found parts of Keller's ARCS model of design to be really useful. This is more of a general learning framework, but it applies nicely to online interactions and learning too. So the attention part for online interactions for me is in grabbing the students' attention, we need to stimulate inquiry around a topic or a problem. So this is best done with very open questions or questions to play the devil's advocate. Then the students can debate or express opinions, particularly in law, this is important, to tease out the subject matter. It is crucial that the teacher monitors this kind of interaction and I think that's about the fifth time I've said that it's important that the teachers in the online space. It's important, the next one, relevance, it's important to establish relevance to set interactions that draw on students' experiences or prior knowledge. The students must see the line between the learning activity, the content and the assessment and the online face-to-face class. And we must allow autonomy in this type of online interaction, but be clear about the goals. So set the structure but allow autonomy within the online interactions. So it may be in their class, when they come into class and they have to do a presentation, we allow them to organize their own groups and work with their own groups to have that outcome in the class. And confidence. We should structure the interactions to allow each learner to see the value in the interaction and that will lead to learning success. And allow for incremental learning, giving the students more and more confidence by guiding and supporting the peer interactions. And the last one, satisfaction. We have to create a strong community of learners by giving timely encouragement and feedback. That's the teacher again being involved in the online interaction. And so in summary, so I think effective peer interactions are where the teacher has presents. Did I mention that? I think I did, yeah. So this is a critical part of it. And we must, the last one as well, we must structure this now so that this actually happens and going following on from Martin's talk this morning to make Moodle really fantastic. The teachers now have to come across and be really involved in it, not having it as a plug-in. And the next one, there's strong integration with the face-to-face class. This is absolutely the key to us where the students are having a seamless experience between their online interactions and their face-to-face interactions. And in both areas, the teacher is very, very involved. The students are challenged, of course, and the students have a responsibility and accountability to peers going back to the idea that this flows through into the face-to-face class and the accountability in the class has an influence on the accountability in the face-to-face, in the online interactions. And the subject matter, of course, we need questions that have a clear answer. So, I think that's it for me in the spirit of collaboration. Any comments? Experiences? Questions? Right. Here it's so clearly reinforced that no, the teacher has to be largely present in this space. It's just really, really refreshing and we can take it back. Fantastic, that's fantastic. But when introducing that to teachers who are not coming on board with the idea, if you just do it slowly and incrementally and maybe start with a little bit of the bolt-on idea, get them used to it, and then it's about changing the way they behave in their classroom in relation to what's happening online. That's got to change. And then the online situation will become really successful, I think. Any other? In terms of changing the structure of teaching, which you mentioned, you need time limits, very specific time limits, the teacher needs to be involved in the online space. Do you have a centralized team at UNSW or is it sort of like for learning design I mean, or is it each school pushing their own agenda? And if so, in either context, I guess what are you thinking about in terms of rolling out that structure of change? Both. UNSW is going through a big change at the moment. We're in a 10-year strategy that a major part is digital uplift, which means moving to these kinds of models. Different faculties are doing it at different paces, but there is a centralized idea of pushing in this direction. And have you looked at any models in particular to push that agenda? To introduce to teachers, you mean? Or to... Yeah, I guess at my institution we use a five-stage model, which does address a lot of those things, but I was just wondering if you had a different model that you were using that we could also look into just out of interest? Not formal model, but yeah. Cool, thank you. Norris, anyone else? Yeah. Yes, so the question was some tips around encouraging teacher presence or making that teacher presence successful. It's a tricky one because the literature says there are many things that you can't do online, you can't jump in, you can't control the conversation that's going on if it's a forum, for example. I think the idea of autonomy is very important, giving the students a lot of autonomy in their own learning pathway in the online, but at the same time having it structured and having the teacher presence, the teacher in there communicating when they need to communicate. I think with any kind of teaching you gravitate towards you're in a relationship with people so you gravitate towards what is successful anyway and it's a matter of trying to find out what is successful and what's not. I think the main tip is structure it so that there's learning going on, the teacher is flitting around monitoring it and making sure it's going in the right direction and actually learning is happening within that system. Does that kind of answer the question? Okay. Anyone else? Okay, thanks.