But everyone's doing well started here in a second share this out All right, so we're gonna get started I'll be going back and forth between book map and obviously the charts for spy But right now what I'm looking at primarily is the double top potential here on a spy and basically Nasdaq Everything's kind of the same thing. So you can't even come up to your major level, which is like 40 50 You're hitting 40 47 40 46 and getting pushed down The big question about today and that the big issue here of what I will say is happening is more of volume than anything I'm low confidence in everything that we're doing you have questions as well like go ahead and post I'll be looking at kind of everything YouTube and discord so it doesn't really matter if you're in discord. I recommend posting in my channel though Or where the live section is but yeah, so that's where we're gonna be today If you have questions again try to go over them as much as possible, but yeah, so we're sitting decent on this I didn't get that big of a position though. It's really small position on spy For next Friday, so that's where I'm sitting just kind of relaxing chill in here But overall you look you look okay. You look fine. Yeah, nothing crazy. You have GDP as well tomorrow We've seen those revisions continue to come out negative. So have to anticipate We probably see a little bit of selling into the end of the day if we were gonna see some it would make sense That today we would see some increase selling towards the end of the day and they combine with kind of the volume of what we're getting And we can actually see here. I wish I could zoom out. I can give you a better visual volume The volume is just so lackluster obviously the most volume you have your own nine to like nine going to 10 o'clock We have some increased selling pushing you down, but then you move back up a minimal volume as you can see right there So when we really dig in here you Definitely not the price actually would love to see during you know scalping day trading But there's what it is trying to work with it. So, yeah That is where we're at Past few times when we've gone live here on Wednesday have been tough. They have been tough Emma's Nvidia and then a lot of people have questions on video and not seeing a lot here Buyer slowly just moving up that bid there Tesla Came back down to 91.6 broke that level getting 91 to be big kind of surprised the self You just saw here on Tesla nice $2 sell off from 93.5 on the 91.5 Actually ideal a Bit more to what about Amazon Amazon's been a big watch to an Amazon probably one of the easier trades that you will get It's gonna be this right here. So giving you a visual you're kind of bouncing on view off You don't flip that view up on spies as soon as possible Set an alert right there So going into something like Amazon so Amazon's been like probably one of the easier trades Like literally out there right now So I really watching is like the 98 point really like 98.5 should be a little bit higher like right there. So Oh my gosh, I can't put it there Right there. Um, so that's the big level. So if you get below 98.5 you expect to hit that downside And then you have 100 and like 101.7 111 and 10 But ultimately that's where we're at right now. So you're kind of like rain trading here But if you break again below 98.5 You saw yesterday as well you kind of grinded broke tested boom just shot down So that's what you'd be looking for here on Amazon. But Again, nothing great. Nothing fantastic here. Nothing special at all volume is Very very lackluster, which makes sense of the price action that we're seeing here Again going back into book map Is all we really care about if y'all have stocks, you want me to cover go ahead and ask Till then though, there's going to be kind of going over a few things that we have here Um Yeah, again, sorry Sorry back Trying to read through all these questions as well See if we have any Nope, nothing Can you cover adobe neflex? Sure um adobe Netflix is gonna be more interesting. I can tell you right now neflex is 331 That's your that's your level. You got to break above on on uh on that chart 100% Like it is break above 331 Adobe is more interesting pretty big level down there 376. I'd like to zoom out more of me Backtrack that data. Let's go 12 hours go to neflex Check that out too 12 hours we can Yeah, so neflex, I mean you're not even you're not even seeing that level there But i'm telling you right now like neflex you can go into the chart Sometimes you won't see it there Necessarily on like level 2 but like on neflex you can come out and see I think go like to the one day zoom out 331 Exactly where you're at. Yeah, you can see So you have that gap filler right there Topic right here at 332 It's on a daily time from see the zoom pretty far out But you do have a potential potential here on the daily chart like Potential head and shoulders trying to play out kind of kind of wild that is wild actually But that's a big level you can zoom out even further and then you see this is where you get that 331 level 330 331 roughly Probably a scale up just a little bit right there But you have a little right there also So this whole 330 like 0.5 to like 332 is a massive massive level So that's why it's like not Surprising right that you're kind of getting a little bit rejected here. So that's what i'm watching But you can see in here. So like the level 2 there's just not that much right Oftentimes for me specifically like when i'm watching something as far as Equities or watching anything i'm trying to trade. I'm not really so much focused on the equity like neflex or adobe um, i'm definitely more interested in something along the lines of The indexes because that's you're gonna get more like More information. That's like what we care. That's what I care about, right? I care about what's happening here on the indexes over what's happening on an equity Because ultimately what do we know is that you're gonna follow the the indexes equities aren't just gonna run up Very rarely we see like neflex running up by itself like Very unlikely, um, but yeah So it's like I like I like looking at some of this stuff as far as like the level 2 on equities And like if you had more if you had like icebergs, I think that's where it'd be like really interesting To be honest, so you get to see some of those big waters coming in that you kind of can't see Um, and that would be really cool for tesla and invidia and some of the faster names at trade But yeah, unfortunately, you just you don't have that. So it is what it is Getting a push up right now potentially breaking that double top here on spy Yeah You're going for highs in the day right now It's just trash little trash can for a force of trade here was like 70 dollars like a hundred hundred bucks right now But yeah, it's literally just garbage straight trash movement in cues trying to go Moving up on the view up as well and for anyone asking too about like, you know fundamental thesis for me just understand um In my opinion right now your Fundamentals are kind of out of the window with some of this movement And personally my opinion. I think that we are Moving on the expectation of a pause to come we're moving on the expectation of um inflation will slow down like And the feds and it continue to you know help these banks as much as possible their words not mine or my opinion That's just the what the fed has said so until anything like that changes There's no reason to think anything's gonna change This is a big level though. You can see a lot of orders there You can definitely see a lot of orders there Gold um, I don't have a gold on my Um available things to look at on book map I can go over the chart for you though. I don't mind Gold's basically has been counter trading the market. Um big level though like and another I mean I wouldn't be I know a lot of people have been trading gold one get traded a lot too. So as you're Up in this area basically like 1986 through Really like I mean to highs like 26 20 20 70 I mean, that's a monster level. I don't think it's going to be a clear cut break It's you're at the top of the resistance. Maybe if you break over this then you can expect, you know to play the breakout but for me I'm not I'm not super interested Um gld gold Yeah, like you're at such a big level like you know what I mean like historically speak This is a daily time from not even like I mean, so you're at a huge huge level So, yeah, I mean you're this is going to be the toughest area to trade gold Because you're literally at the top of the range Like all here you saw the illiquidity there and now you're just at the top of the range So, yeah Not a huge fan right now of gold. I think gold's been a great opportunity I think with like all the bank stuff it was a great opportunity But I think now more than ever it's like and like Taking a step back away from it for me Less interested for sure What's going on the more the more natural but yeah, so At this level about a thousand lots sitting here as well. It's a pretty big resistance right now That's what I was saying earlier too if you caught us on our on our live stream on the option drops channel Is we were used to seeing bigger walls and this is definitely a bigger wall But what I will say is that you saw kind of produced there from 700 to 600 right there from the top line of it So we'll see if you can break through Finally got something decent to look at there here Oh, I do this court keeps messing up You're trying to see you're just getting rejected. So this is gonna be a big level. We need to watch this close That's what I'm saying too is like you can like look so like hypothetically Let's say you're like ignoring es and you're just looking at netflix I'm like, oh netflix like you have clear like your next resistance at 331, which is funny that we just said that um And it's probably easy sellers stacking up there right now because they're watching what's happening with es and if es breaks above this High possibility netflix probably pushes up to 331 But you can see like oh i'm looking at netflix. I'm like, oh, there's not really that much resistance I can zoom in and find like something if I really try But ultimately there's nothing huge there, right? You're just seeing something coming up now But if I go to es you can see that there's a major wall there, right? But they are reduced there. They're either moving the orders down To 4850 which is kind of hard to tell They just see they just moved them off right there. That's interesting. So yeah It's that's we have to watch for see they move those orders They're still sitting about a thousand loss right here. It's a big big order Trying to see questions. Can we go over the difference between resistance and support levels on book map versus levels on the chart? It's really okay. So it's good question. Good question. Okay, so um Nothing changes nothing changes at all. So Really book map is going to just provide you with more certainty on your levels, right? That's the biggest way. I think you can interpret it for for me, right? So like if I'm looking at for instance, like I just said 331 on Netflix, right? We didn't see nothing at that level And then I literally we just covered it and then like we saw that there was nothing there for a second And then guess what you pop up and then they start adding lots to that Right there as out of resistance, right? Because they're looking at es and they're expecting if you get a push through this level That you probably get a shot up to 331. So you're gonna get another test of that level. So There's not necessarily like I'm that's what I say to you. I I don't watch I'm not spending all my time watching equities like as far as apple amazon tesla. I'm not looking at stocks That's not what I'm spending my time on book map. Like if I'm in a trade actively, then yeah, I'll watch but it's not something that I'm basing my decisions on solely right because we can like look at like look right here when Netflix you pushed up to 329 and 330 and then you push up 331 to the tick and you got rejected, right? So, you know, that's where our interest is is where those key levels on the chart But then you'll start to see like is there actually a lot of resistance there Is there actually a lot of orders that there are you actually getting? You know more seller stepping in there. How big is the wall? So you get more answers and to see like if you're actually like conquering that level like you're seeing right here So as we watch es you can see that you're getting a lot of orders coming in and you're buying You're still fighting at this level when you saw a lot of those lots kind of kick off So you still have about 400 and then you know 600 so about a thousand But it's still really interesting to see and that's what I'm watching there specifically, right? There's no really big You know They're not different. It's all it's they all work together. You know, I mean, but you get more information on the chart So like I go over to es and I can look here Let's go to the five minute real quick zoom in you know So as I look here I can see obviously previous high right there, which we're not holding above Can zoom out a little bit more real quick. Let's see where we at And so yeah, you're seeing too like you're seeing this is all where you were kind of chopping around last time Like all of that level right there, right? Basically from I don't know why it's not grabbing it from right there You know, basically 40 55 all the way into this range of like 40 You know 47 we're right now. So you extend that over you can see Going back in the chart like that's where your resistance is laying That's where your last resistance is up here as well, right of where sellers are sitting at So you're just getting more answers along the lines of that, right? There's no like, you know different different levels or anything. It just lines perfectly up with what you're looking at That's what I say too Like you don't necessarily like have to use book map Like it's really just level 2 data that you get from your broker now granted I Will say a lot of brokers have really bad level 2 data and they're Yeah, they're just it's not good and book map you definitely get it like that's why you know The actual service on book map is a little bit more expensive is because you're Paying for that data that you're getting which is far better than you know trading view like for instance like trading view If I look here like you're seeing just slow ticks, you know by 0.25, right? I mean, I'm getting to the decimal point I'm getting instantaneous. It's it's way quicker It's probably the best worst of data that you're gonna get and representing anything else So that's another big thing there as well that people kind of fail to consider so Big thing that I'm watching there Can we go over the difference between resistance and support levels? Yeah, I should cover that. So anyways, that's that's the main thing there I hope that made sense if they didn't make sense We'll try to break it down further, but There's no reason that should not have made sense Trying to go back and forth between book map and see there's questions there if there's nothing there But yeah, so we're just kind of patiently kicking rocks waiting to see how you're gonna react But again, see like a big thing too like when you like start to look at these levels and you're trying to anticipate Can you break there and you actually got some decent volume there too? Let me the pull up a Thinker swamps I could see volume there also curious now Spice besides all day long spies volume has been really low. It's very similar something like yesterday But yeah, so the big thing that what you're seeing here on es as well as you know We've had very lackluster volume like giving you a visual on spy like right just going real quick Always tell people y'all who finances the quickest way to look at this your broker will give you a little bit more accurate of a number As to where you're at right now but on spy Historical data look at your volume today. You got 37 mil. I know you mean I can look at the average 30 day volume your average 30 day volume Is about 100 mil 104 mil actually on spy and so you got 37 and it's 1220 So you have you know two hours and 40 minutes left in the day highly unlikely you're probably gonna come in at low volume once again You know, this was a big reason why you know in yesterday's video. I was telling people be careful be careful be careful But yeah with low volume what do we also know like what's another thing that we can get from that If you have a low volume pushing into a resistance highly unlikely, you know Or the odds aren't in your favor to break that resistance, right? So, you know, there's not a lot of confidence in either direction of when you're moving the way you are right now And I can tell you right now your volume has been pretty treacherous the past two days ESNQ how can we use book map to get an early entry when at a strong demand or supply zone? so Good question. Yeah book map. Okay, so again I just like just like I always talk about like, you know, for instance joining discord or joining, you know Buying cheddar flow or buying book map or you know Nothing's gonna give you like a for sure like book maps. I'm gonna tell you intern now It's just giving you the data in front of you So like right here like me grabbing some spy puts right at this massive level and the potential double top All I'm looking at is that volume is very very low granted. We got a little bit of an incline here But it's still Dangerously low. What does that mean for me? If we're coming into a big level a demand resistance, whatever it may be Then as I see that they're on the level two that we have about a thousand launches sitting here Actually over a thousand now, but I'm looking at that. I just like I you kind of go into deductive reasoning What do you expect to happen at that level? Right? There's there's no there's never going to be a clear Buy now sell now indicator like if there was it would not be sold at a very low price To anyone. Um, so I think you kind of got to look at it from a different point of view Now when you're using it like with education of understanding supply and demand and then like you're understanding, you know That there's a lot of sellers at this level like you're seeing right now compared to the rest of the day Then I think you get a lot of information there, right? You don't see the value of different trades and different setups there And so that's all I'm looking at here. There's nothing like there's no secret sauce. There's no You know secret indicator. It's just that's what I'm looking at, right? It's just you've seen that level there all day long at 40 50 You see them stack up more contracts there as we're getting closer to it So that just means that sellers want to hold that level right now that that's what you're knowing from this, right? Now in queue. I don't love using in queue that much on On here just because it's a little bit more sporadic. You get way more information on es But yeah, same thing like you can still see that level right there 1293 where was it at earlier 1293? You can see all these big levels in here as well So that's just what I'm looking at there Should make some sense But I think if people are coming to this idea of like, you know, you get this service and then there's like this Uh automatic like signal. No, it's not how it works. That's not how anything if you go into that mindset I think you're already you've already lost So hope that makes sense as well I mean really though the best time you're going to be able to like to get the best instances of using book map Is going to be power hour beating of the day as well Like because just because you can see all those levels so clearly It's like 830. I mean you can really start seeing how we're moving there But even here that's I mean still just like we've been talking about you've been getting rejected here so far So you want to see more? Really you would like to see an increase of volume so you want to see but you're not seeing any of that right now You can watch volume down here There's really no news Also, too. We have gdp. I think I went over that like right when I started the video But you have gdp coming out tomorrow in the morning. I think right at market open maybe An hour before market open. I can look real quick actually on investing calm That's going to be really big I think that's probably gonna be probably like one of the focal points here of going into tomorrow Going into it. We can see News economic calendar tomorrow Tomorrow 8 30. Yeah gdp revision coming in 8 30 so 7 30 a central an hour before market open That'll be big If you're coming to discord, please meet your mic or I'll just meet it But if you find me then you can't ask a question so But yeah If y'all have questions make sure you ask them. We will be leaving exactly at one so make sure you get those questions in But yeah, so right now again, just you can even see down here like bookmap does another great example I'm giving like a visual to look at our volume Like I use I use thinker swim to look at my volume for the most part And like this is you can see down here like where I use that but I'm watching for this is the one minute So as far as you can break it down thinker swim But like even like looking at volume here on interactive broker. I mean nine hundred brokers on book map I mean it gives you down to like The second so you're definitely getting a lot quicker Information there as well It's basically just more exact information What do you say? There's just nothing going on here. Where's netflix? 329 don't expect to break down tesla tesla has been really interesting tesla's honestly been one of the weaker names on the market You know, I will say though yesterday. You had a really nice decline down to like 185 186 You shot like all the way back up to like 190 by the end of the day Today you gapped up basically like to 195 and then just came right back down tesla's I'm telling you it's one of the weaker names out there if I had to point out any name that was really weak be tesla That thing is weak You can still see here to say them out. Actually, you're getting a little bit reduced to around a thousand But they're trying to hold you down right there and q A visual here nothing really you're not even seeing the is he's coming either Very minimal cvd is tracking up which is Kind of a good thing, but again, nothing incredible. There's no just no decision here since nine o'clock been heavy to the downside Even the volume he saw pushing you back up Minimal very very minimal. There was nothing that really pointed you to get interested in going long especially in the short term Which if sometimes you look at the chart it gives you a little bit like Not as clear as things should be But going into spy like you can just see here on the chart like I mean nothing like I mean all actuality this balance since you know 10 a.m Right 955 right an hour and 30 minutes into open All the way to four I mean nothing just so slow so choppy If you look at the actual way that contracts are moving on weeklies, they're terrible It's literally like a worthless type of trade Coming back into the level now 40 50 A little bit under a thousand lots now. Does that 850? we'll see So every react Nothing even a watch for to see these are pulling orders off the book. It's the big thing And how do you react once sellers actually get to that level because that's been the major question too If you you break local highs on the day and then they just stop It's like I don't really know what i'm doing there I do want to look at home depots once I bought some home depot stock this morning And you're open before the home sales data came out Good break over here. You pushing over testing now 40 50. We'll see in a sec Home depot. Yeah, I got in around like 2815 to 282 ish But yeah, so home depots looking really good home depots who if you haven't seen the chart So you guys understand what I'm looking at here as far as value daily Make still making higher lows all the way back since 2021 But you feel like more at the range you've been trading in so go back to october This 270 to 68 level a lot of support down here Upper end easily back in my opinion easily back to 300 as possible 292 is easy But I mean you have a gap as well to 315 ish. I still love home depot for my first stock play I think it's just lower risk as well. I think tech is the only thing that's really like heavy risk right now Do you look at absorption iceberg orders? I do you look at icebergs icebergs aren't visible though for equities Um, just for the indexes. So, you know um, but I do um usually mention them in every day's video But as you can see today, like you're not really getting that many like they're very they're pretty small orders in comparison to what we're usually getting Absorption I have them on here or I have I think I refreshed. I had to redown it all my add-ons I'm not a huge fan of them though. Like they're just nothing like super big for me personally But yeah Again my strategy comes down to supply and demand volume And you know, are we getting any type of like continuation patterns? That's all it really does I'm not focused on mac d any oscillators or anything crazy like that Try to keep it pretty simple Not a great reaction there Not a great reaction Again, I'm I'm trying to add too much noise to my charts. It was funny yesterday. I was in discord I was talking to someone and they Asked them about netflix and I was like, yeah, you gotta hold this double bomb that you're kind of making down here I needed a bouncing back Their question was, you know, how do you have nothing on your chart? How do you keep like, you know It was basically there's no indicators or anything and for the most part I like to have my charts pretty clean nothing on besides maybe like Supporting resistances that I have on there that are pretty big. I'm like a daily time frame Um, I don't want to have my my judgment clouded by you know You know 10 different indicators and oscillator You know absorption or all these different things I want to I want to focus on what I think is the most important, right? Um, I don't want to have, you know, 20 different things in front of me and possibly miss out On what I think is the most important which might be icebergs like, right?  You're gonna overlook some things occasionally You're gonna overlook some of the important aspects that maybe you shouldn't like so you have to understand that You're gonna have a lot of human error as a part of it's a part of the game Um, but you know reducing the like the the odds of that is, you know, all I can really ask for So, yeah Netflix chilling Dobie should That's a good question good good question No questions from discord Game About 30 minutes left. So make sure you guys if you have questions ask them, you know, always have so many questions get asked for me about Uh book map then we come to the book mat room. It's radio silence. So people have questions. Please ask while we're here This is typically where I reserve all the time to answer these questions See now you can see more there's about yeah, it's like almost 1200 lots right here. No, it's more So 1400 lots now they're stacking up more. So we'll see how we react here But again, that's what it comes back down to is volume and again like you can just see like your volume is lack luster it continues to To decrease your odds of breaking up and that's what I was talking about in the beginning where someone was like, you know How do you know resistances? What are you looking for at these levels? That's what I'm looking for I'm looking for how is your volume going into this level? How much obviously, you know What's the wall like there? How hard is it going to be to get through that? That's that's the big thing for me That's on trading id of you and following es movement on a small account. Um I mean If you're good at trading es and then I don't know why you wouldn't trade like Spy or sqq or tqq personally. I don't know. I guess just like it's up to you I only trade rustle when I have opportunities in front of me. Um, You know Vicey rustle inherent weakness of taking a you know a risk off approach Then I and I see like the market just favoring risk off Then I I personally want to attack rustle because I know that's an area of the market That's typically a risk on so that means if people are looking to get risky with tech and anything like that Then they might side with rustle or push rustle up But a rustle is like let's say hype it like past week like rustle was moving pretty stagnant and weak And tech was continuing up like so I saw the inherent weakness in rustle So I attacked rustle like and I went short on rustle and I think 176 on the 171, right? And so that's just different areas that I look at it. Um But you know, I've seen a lot of people with good success trading rustle It's totally just up to you as a trader um But if you're already good at tracking es, then I don't know why you wouldn't just trade spy personally That's just me though. Like I would focus on what I'm already good at right Especially even more so with a smaller account You don't want to again, you don't want to start clouding your your judgment like I tell people that are in discord too um, I always talk about dave dave dave is uh joining mentorship like Few like man like months ago And we don't do mentorship anymore Like people that are in there stayed in there, but we don't accept any new people in there But dave is like a perfect example Like he started trading and he was looking at all these different stocks And then when he started trading like and started doing mentorship We kind of reduced everything that he was looking at and had him really look at like pick one or like One to three stocks really liked and so what dave did and he kind of like took an even smarter approach And so he said you know what? I'm going to focus solely on trading apple because apple like contracts typically aren't going to like make or break you Like giving you a visual of like apple. Let me find apple real quick. So like giving you a visual like on spies like so let's say you're trading um, you know Zero dt spy contracts right and so if I go to zero dt spy And I go to let's say like right at the money 3.99 like you're in the money already right on these So calls right so i'm trading calls on on spy Um, so the low of the day here is 88 cents. The high of the day is 190 right so that's like a hundred percent move like over a hundred percent right And then if you bought the lows you'd be back up pretty nice. So that's spy Now if I go to apple and again, the apple does not going to have those zero dts for you But if I go like to the weekly contracts and even though it's like, you know near the end of the week So we'll look at 160s. Look how you're moving here You know from from open you're high 146 you drop down like you know a dollar That's like a first of all it's like half of the movies on spy So it's a little bit more consistent and then you double bottom turn you move back up to like 150 right a little bit more Easy to track you're less to do with iv and things along those lines And so dave just got really good at tracking what was happening with you know With apple right that was his bread and butter and now dave like he's killing it with apple right And i'm not doing that to say like doing discord or anything like that The point of that is Is he figured out that he was focusing on too much got really good at following and understanding the way one thing moves and Then he started branching on now. He's looking at others like he's been like obsessed with netflix lately So like just giving you like a four instance of like Just habits that can make you better at and Habits that can make you worse, right? I think a common mistake is people like don't really understand what they're looking at or what they're trading And so that's why people say like zero dts if you're a beginner I'm just like, what are we talking about like zero dts are tough to trade like Maybe the toughest thing in the market to trade my opinion, but Hope that makes sense That's a good question though. Uh jre jr So in discord, what are your dot settings on for es? Um, I don't even like mess with them that much.  So really that's about like a little bit under mid Well, I would say probably like 40 filled on that top side Only thing I do like to mess with is kind of turning this down a little bit So I've moved the like the color grade all the way to the right I do like that a little bit more so it's a little bit more clear But sometimes if you need to zoom in you got to kind of bring that over a little bit. But yeah, so That's all I really adjust there But yeah, you see how we rejected there like again like I think that makes sense And then like look look what's happening. Look at that push down that you got it was on increased volume Right, that's what we're looking for And so you see all that declining volume as you're pushing up and then it doesn't lead you with confidence, right? It shouldn't at least I don't know why it keeps doing this See even on spot here. So you can see down here, right? So you can see that big spike of one That's what you want to see like in your favor or whatever direction you're going But yeah And dot size too, I don't really think you necessarily like for me I mean like I like I like identifying them like they're the most important like for me for the dots of like identifying Like what's happening with People buying or selling is when you come into these ranges as far as like hitting 40 50 Like to see if you're actually buying these orders up, right? Um, that's the biggest thing for me. So like right here, you can see you push up You can see there's about 303 three About 300 you feel 382 So you actually take that level out, but you push back down and then buyers I'm a seller set back right back in and then you don't feel those and you push back down But yeah, good question there Good question Yes by getting a little bit love And they use the interactive brokers for your order entries What do you use to see the movement of option contracts and their prices throughout the day?  I just love their platform for option contracts. I'm using this is this is think or swim I mean, you could even use think or swim for your orders and entries and exits Like it's fine, too I can book map has an integration with Think or swim, but their data isn't as good as book map as a platform just so you know Um, because you're not using book maps data on think or swim using think or swims data. That's why it's cheaper on think or swim but yeah Still it's a cheaper alternative like to get you started to understand it as well You just won't get like updates quick like see all my tickers literally just Constantly moving like you're not gonna get that But yeah, like I said to you like I I mean, I love interactive brokers And you can look like interactive brokers like they have it where you can look at the option contract But it's just not as good for me It's nowhere near as good as like think or swim like I love think or swims visual of it Does interactive brokers have their own version? Yeah, they do like here. Here's a screenshot of it I just don't want to show my account on live stream, but here Like these are my this is my spy contract so you can see It's just like their ui. She's a little bit more dated That's what it is But you can see how the spy contract comes up down up down up down right and it has where like your entry level was etc Think or swim is cleaner My opinion these contracts are almost four bucks. So I'm happy with that pretty good And then you can also see this is another thing I like to see on or not interactive brokers, but on On a book map. So you they obviously kept that level there But we can see in my opinion what they did is they took some of their orders from higher up at 49 48 49 48 here None to 40 45 Set up a new cell order to kind of hold you down to keep the train going to the downside And as long as five volume stays low, you anticipate it to get rejected Me trying to find the name of it so I can add it. I'm using interactive brokers right now. I like I I don't know what you mean. Um, I like IWM if we fill this gap from today um Again, it's yeah, so I'm not a I'm not a huge fan of going going long on anything yet um Yeah, I think in my in my youtube video. I did a really good job yesterday of explaining like where I stand um But yeah, oh the tab and On the actual brokers, um I forgot what it was I'm trying I'm looking on my interactive brokers to see what it's called right now I don't even know what it's called. Like I really couldn't tell you One second. It's not quote history Sorry, I'm looking right now Market depth is going to be your level two Excuse me I think it's option trader. I think that's what it is. I'm pretty positive. That's what it is Or maybe quote details. It's either quote details or option trader Like 90 percent sure. That's what it is Um, if you message me on twitter, I can probably uh, send you a youtube video All right, because I that's what I did when I signed up for interactive brokers I was like learning a foreign language because I was so used to my other brokers Um, but there was a pretty easy video that set me up in like under 30 minutes. So it was nice But yeah That's what I'm saying too. Like again, like my setup is pretty pretty Pretty simple of what I'm looking at right granted. I have like three monitors I'm looking at and I Probably could use more if I really wanted to but I really don't even use I really don't even use like all three monitors to do all my trading and stuff I keep my broker book map on one monitor and then my main monitor I'm just looking at charts and the other monitor to have like discord and stuff and news. But yeah, so TOS just makes it easy because you can have everything like all on one thing Which is nice like you can literally have but like that's what I say Like if you're using to us it makes sense to probably use book map on to us because it's cheaper It's like easy to flip back and forth on your tabs. They know that's the nice part. But yeah Just let me get off this dream then I'll answer your DM if you DM me on twitter If you're doing discord has more questions too, feel free to ask what we're here. We have about 20 17 minutes. It should give or take Definitely not the most interesting action Definitely not spy Where are we at?  I'm always watching as that daily opens This is where spy open up on the day Kind of just can't we can't get back above it and hold it But you also keep loving that view up. You just cannot lose it if you lose view up I think you're gonna just drop down to probably lows, but Yeah Man Man, man, man I don't know. I don't see your name lock but I'm just gonna call you lock TOS has booked my button. How much delayed was the Was the trail version trial version? Call me LPK. Okay LPK Um, or is it near real time? So I'm pretty positive. So that's another thing too. So you can try that. I forgot all about that.  I have no idea but Um, I'm pretty positive the trial version of book map on Thinkorswim is real time. I'm pretty positive, but it's not using thinkors It's it's using thinkorswim's data for futures. It's not using book maps. So book like I this might be hard to understand so um And I I'm only familiar with this because I I work with trend spider and I work with book map And so I understand the prices of how much these companies have to pay for futures data, right? So like trading views futures data, that's like to pay like three dollars for futures trend spider to pay like five dollars Book map it's more expensive because it's literally for you and they have a smaller base of people that subscribe to it um, but it's also like Far better it's it is better like no matter what it's not a bias answer I'm pretty unbiased when it comes to saying anything about a platform, but um, yeah, that's the big thing to understand So you're using their data though So you're not going to get as maybe accurate. So it might be like a little bit delayed like by a few milliseconds But I'm gonna tell you right now. It's Very close on the trial version. So yeah So poor to understand that part of it, but like I will say that that is the one thing about book about book map that I Have not seen with any other competitor is the quality of data that you're getting. It's far better Good question. Okay But yeah, so if you have things or something you can get a trial just call your you just got to call Think they're they literally pick up the phone too like Think you're something's great customer service Let me see you back to it. Oh, yeah a few questions before we get out of here. Um Beef to us book map isn't good, right? You have to pay extra Even if you have both map already short es off the highs both times looking for this gap feel Um, so I don't use I don't use to us book map. So I couldn't give you an exact answer like on how much Better the you know, the one I use is right now. I'm gonna tell you that again, like I just said the data you're gonna get from the actual Book map platform is far better Okay Yeah, bro's watching molecules. You're not lying. Um, we're literally moving by like decimal points right now Um, I'm telling you it's actually hilarious. I think when I go off stream last time we had instant movement I'm willing to bet when I get off stream. We're gonna get some more movement to the downside, but we'll see um But I don't think book map is bad on to us. It's still good Like unless you're like literally trading like like a 30 second chart I don't think you're gonna be at a massive disadvantage Because it's like the same thing we were saying right like how long do we just sit up here at like 40 50 and get until we Are rejected We sat there for from 12 4 12 10 Until 12 29. So 19 minutes we sat here, right?  No, it's not going to because you can still see where that level 2 data is And that's what I don't think people understand like for me. It's not about me Looking at oh my god. Okay. We saw one big cell candle here. No, it's not what it is It's about where the sellers are And how they're moving and you can see that we had you know, we had a thousand lots up here They moved half that down to here at 40 45 And now they're adding more on the line here and you're just making lower lows and lower highs and smaller time frames That's what i'm looking at. How many of you think yes will close near 40 66 I'm not too bullish because tomorrow's gdp, but and gdp revisions continue to reduce personal opinion, but yeah Is orange it's a high density bids so all you're seeing okay, so um Basically the colors came from black to red like yeah, like red is as high as they can get So black means there's like minimal orders there red means there's higher amount of orders You can see on the right hand side. How many actual, you know are sitting there on the specific ask right there right over the bid um, so yeah Is bookmap digital plus for 16 months enough? I don't know all the prices. I i'm the wrong guy to ask about the prices. Don't ask me about the prices I have no idea They're discord though i'll post their discord their discord link should be down below There are so many people on discord that'll help you out though Their discord is like wild they have so much going on in there So someone will help you for sure dc realtime data for other stocks also pg amazon yeah, you can look at that i covered that in the beginning I don't want to go at this again, but um I don't spend most of my time looking at equities I spend most of my time looking at what's happening here in features and indexes That's where most of my time is spent But yeah When do they get their data feeds from? um So rhythmic is how they get there for futures and then dx fee is for equities So yeah Again Ask them all these questions. I am not the person to ask about bookmaps company and how they're all set up And where they get their data pools I just I just use the I just use the platform. That's all I you know what I mean? I just use it Yeah Um Yeah, I mean, I don't know why you would have bookmaps platform like this and then use it on to us. That doesn't make any sense to me Personally like why would I need to but yeah I have a friend who has a big portfolio for him to Pay for book map Hey book map will appreciate you. I don't know But again, like if they have any questions like I think I think discord is a way to go like they literally there's I bruce is the main guy that answers all the questions um, and bruce is like He's Every time I talk to him, he's with the customer or he's talking to someone who uses the platform. So he's like You know, he's his own little customer support team He's uh, he's a beast Fyeda, what do you find the most helpful for me if you had to use one thing literally just guys like I keep saying It's level two data. That's The most important thing here. I can't say it enough It's the same answer. My answer is typically never change Um, it's just where I can see the I can visualize where the level like where level two data is or big sellers Where big buyers are it's all I care about I mean you can get this information on your broker as well But it's just gonna show up as little numbers like and I don't want to see that Just a bit of assholes. Yeah, that's the main thing for me. So I can see exactly where it is Yeah, what do you mean by level two? It's a little bit more detailed than that. But yeah For the most part Where I can see large sellers and buyers are at It's definitely a little bit of a luxury but it just makes things a little bit more clear for me. But like for me Yeah, that's what it is Point out large sellers here Very big sell wall sell wall You can just see where they're On the ask you just see exactly where they're at Like is it just orange hue or is there additional data? I don't I don't know you're asking like I'm literally telling you exactly what I'm looking at You can see that there's 554 lots right there Needs another 481 up here I don't know how to say it And I'm also going back and forth looking so like we look at spy. I mean Look at yes to get a better example spies. You can look at exactly the same You can see we had our main wall up here 40 47. We saw also to go back to 40 55 I think it was the top of that resistance Anyways, but you can see here a pretty big level here if we start breaking down Probably push down the view up pretty quick But honestly you could easily go back to lows That's what we're looking for for kind of double top push down be kind of valid to the double top right there But either way when we look go a little bit deeper, you can see like there's Pretty ill liquid to the downside Minimal buyers and comparison to the walls that we have from the sellers How do you know what person is spoof or not? You don't well guys again too. So like there's there's a level of of Things in the market you don't know so like again like if you're looking for someone That's gonna like handhold you and tell you like what is real in the market. What's not real You know if a buyer is going to be taken off the bid or taken off the ask like I don't I I can't give you that answer Right book map cannot give you the answer. So going into with real expectations is like what you have to understand That's what there's a trial version. You can go try it on to us if you want But like you have to understand that like There is no end all be all 100 full proof Like indicator that's gonna tell you everything you need to know, you know what I mean or tell you what's right or wrong Like it's not me being obsessed just telling you the facts like And if anyone tells you that there is they're probably selling you something Most of the time right and that's another one like book map is like they're not really trying to sell you anything They're just giving you like and they do they do so much free stuff as well So like again if you want to get more information you want to like You know see exactly how it's used. I mean literally this is the book map discord Like I don't think I've ever seen the discord not even mine That just does So much for free like literally this is discord's book map like Book map's discord. I mean just constantly like I'm streaming in there right now But then they have another one with this guy tom They have another one with scott. I mean it's all day long people just going on and on and on There's tons tons of different things you can look at whole community. They're going over it all the time different sales But yeah, like nobody's gonna be able to tell you but I can tell you right now No one in there's gonna be able to tell you something's a real order or a fake order or anything like that Like use the watch to see if you get taken off That's another thing too that you're gonna be able to see here on book map Is like you can see that level too is seeing that this level has been sitting here the whole time They haven't taken it off the ask It's been there the entire time and you can see if they take it off Then they'll take it off and you can see if there's not a wall there, which is also really important for me But yeah That was only the last year and listen from y'all. Hey, appreciate it. It'll be good But yeah, so I hope that made sense again. I'm not gonna upset. I'm just like I don't people would like to you know to assume something that isn't there ever Any type of false advertisement for me There's probably like my longest like sponsor to someone that I've used actively for an extensive amount of time There's and there's no real competitor out there for him Any last questions before we hop out of here Just a slow slow slow day I'm just waiting for these buy contracts to get up 10 percent Probably start trimming one or two of them. We get there Only I've ever had to work this hard for 150 bucks If you want to sell put option on es Do you suggest the weekend expiry? Um, are you talking about spy lpk? How are you talking about? Please what do you mean? These are via app or browser. There's I I didn't know they have a browser version It's the app though on the computer. It's a desktop app What's your a plus setup using book map? supply and demand Or a key level combined with heavy orders at that level with declining volume Like today was a pretty good example, right? So we were moving up with very very low volume minuscule buyers But you're still pushing up we went over that you came into level with that's been here all day long You hit it almost to the t could even get up there all the way and then you just shot down Best example we're gonna get there What time frame for supply and demand do you use anything from the one hour up to the daily weekly? But yeah But it's from a top-down approach. I go from the weekly down obviously to the one hour Yeah, dxy is dropping dxy is not going to affect the market too much right now based on what's happening I don't want to go over dxy right now. I'm not gonna go over dxy But yeah, the dollar is not it's heavily disconnected from the stock market right now All right, it's about it ES options available on thinkorswim are ES options on thinkorswim I have never ever even looked at an ES option because I assume they're very expensive I did not even know I literally never I've never looked at ES options before my life Never in my life. I've looked at these I am not interested in these. I'm so sorry I would I don't even know where to begin. I would never trade an ES option Or do I trade spy or Q's or some of those lines personally? Yeah, I've never touched. I just I figured how much they'd be. I am not. I'm sorry That is not for tyler No, sir Uh, but yeah, okay guys, it's gonna wrap it up. Um I'll be again. I'm live every single day on our channel option drops The link should be somewhere down below or in the discord, but um Yeah, guys appreciate it. I'll see you again next Wednesday. Have a good one Thank you


Hey everybody, Dr. O'Hare. In this video I want to talk about no-sacomial infections, also known as healthcare-associated infections. So I still call them no-sacomial infections. No-sacomial is Latin for hospital, but healthcare-associated infections is going to be the term you hear more often. And that's because these are infections that you get while you're receiving treatment in a healthcare facility or really anywhere for that matter. So you can't really call them hospital-acquired infections like they did for a while because this could be a physical therapist clinic, a surgery center, in-home healthcare can actually do no-sacomial or healthcare-associated infections. So just think that infection you get while you're receiving care for some other condition. All right, so why do they matter? And then we'll talk about why they're so powerful. So number one, even though we have infection control committees, we do our best, I mean you guys as healthcare students, you know about sterile fields and taking proper precautions and hand washing and all these things. There are still two million no-sacomial infections per year, leading to 20,000 or more deaths per year. So actually at this point, no-sacomial infections are the eighth leading cause of death. So let's look at why these microbes are so dangerous, and then we'll talk about where they happen and which ones are the most common and which ones are the most deadly. So we have this event diagram I made to describe this. So you see, number one, the microbes in the healthcare environment. Number two, we have compromised hosts, and number three, we have a chain of transmission. So let's look at all three and see how this is what leads to these healthcare-associated infections. Excuse me. Number one, the microbes. So think about a microbe that is living in a hospital. Number one, it may have already been a scary microbe because it made somebody sick and brought them to a healthcare environment or like a hospital. But also think of what it's been through. It's had quats thrown at it, maybe UV light, bleach, all sorts of different things.  You are the fittest. You're the survivor. So think number one, tough microbes. Number two, we have weak hosts, compromised hosts. So think about the people that are receiving healthcare. Generally they're immunocompromised, either really young or really old, right? If you're really young, you don't have a mature immune system. If you're really old, it's starting to weaken. Maybe you're having surgery, obviously maybe you need something put into your body like a catheter, an IV catheter, a respiratory apparatus, whatever it might be. Maybe you have a burn. Maybe you're immunocompromised because you're pregnant. Maybe you have cancer, you're undergoing chemotherapy. I think you get the point. So you have really tough microbes in weak people, right? Compromised people. So that's bad enough. And then number three, we have the chain of transmission. So this is one where I always think back. I don't remember the specifics, but I remember on a show called House a few years ago, there was a baby, at least one baby died, others got really sick and they couldn't figure out what was happening. Ended up being a volunteer in this hospital was delivering little teddy bears to newborn babies and she was spreading, she was basically like the typhoid Mary of the gift shop. So think about all the people that come into your hospital room or all the people you come into contact with when you're receiving healthcare. So even in home healthcare, where was your provider right before they came to see you? What might they have brought with them? These types of things. But so think about people bringing food, pastors and priests coming into the room, your family and friends, doctors, nurses, techs, everyone. So all these people could potentially be carrying microbes around. Think about the people that made your food. People think about the people that put together your floral arrangements and all these kinds of things. So I think you get the point. So really tough microbes, weak hosts and microbes being carried and moved all throughout the healthcare setting. So this is why we have microbes that are capable of leading to these no-sacomial infections. So as far as like, let's talk about most common and most dangerous, most deadly real quickly, but the actual microbes change. It bounces back and forth from things like staff and C. diff and strep. Pseudomonas is a big one now. So the individual microbes, they're going to change. But the most common cause of no-sacomial infections is going to be catheters. So think urinary tract infections from urinary catheters, bacteria from intravenous catheters. So when you put those two together, they are the most common cause of no-sacomial infections. Then of course you have surgical side infections. That makes a lot of sense.  There's a really good chance that microbes are going to get in. Gastrointestinal ones as well, like you see, like C. diff infections and other GI infections are now becoming very common. So as far as most common, think catheters. Think UTIs, blood-borne infections from catheters. Most deadly, highest mortality rate, that's going to be your lower respiratory infections, like pneumonia. So I think that's pretty much all you have to know about these no-sacomial infections. It's your job and your clinical training to learn how to control these infections and hopefully keep them from happening. But that's what they are and that's how they came to be. All right. Have a wonderful day.


So while the screen is warming up I guess it's a good time to just say that it's wonderful to gather again with the Property and Freedom Society after last year's hiatus unfortunate yet it's great to be once again in a place where we can have honest intellectual dialogue and pursue that uncompromising intellectual radicalism that makes the Property and Freedom Society so unique. I remember my first time attending here being interested in Professor Hoppa's work and hearing his opening remarks where he said it's so important for us to gather and have a bit of an oasis to get away from a world that seems to be going mad. That was in 2012 so look at us now how much more urgent is it that we start to expand the ideas of bringing about a private law society and use that intellectual rigor to test these ideas and to propagate them. So I've set forth for myself three objectives to talk about Japan's first samurai because it was a revolt against monopoly justice. In order to do this we'll look at Japan's geopolitical situation and how the political formation took place in ancient Japan as well as what's considered classical Japan. Some of you that might be familiar with the later samurai period maybe you've seen James Clavel's Shogun read the books, seen some more popular movies out there and you get this idea of the Shogun as a military dictator. A lot of that didn't happen until much later and so the samurai actually began as private contractors as we'll see and in that there are some lessons in terms of what to avoid and what to move towards or incorporate when you look at production of security in a private law society. As I said the first samurai was actually a rebellion against that monopoly justice that belief in the divine right to rule and the centralization of political authority and there are lessons there that we can look at and we'll take those lessons and expand upon them to see what we can perhaps use in our further pursuit of a private law society. So we'll start with Japan's geographic position as most of you probably already know that Japan is in northeast Asia or the northwest Pacific Ocean and it consists of over 6,800 volcanic islands the four main of which on the north is Hokkaido and the long central island of Honshu. Shikoku is located on the inland sea and then Kyushu on the southwest and then the Ryukyu islands run from the southern tip of Kyushu all the way down to Taiwan and this is considered the first island chain that happens to be a zone of containment for China. So it comes as no surprise that there's been tremendous intercourse and exchange between China and Japan over the centuries. In fact the earliest recorded documentation about Japan comes from China it wasn't very flattering it said and it's around the 200s it said that Japan is an island of Queens organized to preside over a nation of tattooed midgets that are prone to strong drink and blackened teeth. Not too very flattering to say the least however there's always been that separation between the mainland of Asia and Japan. As you can see the most near tip of southern Korea is what is the closest to Japan and there's theories that of course the land bridge at one time allowed for that migration that leads to the Asian population. However it turns out that there were also people of more Caucasian features that were already in the land that presumed came down from the north. Yet the state formation of what's known as ancient Japan or early Japan spreads from the southern tip of Kyushu most likely coming from Korea and spreading eastward and to the north. The formation of the state changed location several times as the various polities and various conflicts arose to create what we consider to be an early state. And there was exchange still between southern Korea which was under obviously Chinese influence yet the Japanese also engaged in conflict on the side of what's known as Shilla in southern Korea which was also divided among a number of different kingdoms as well. And it's there that they came to realize the importance of cavalry in terms of battle and so the Japanese came away from that experience of supporting and losing to the Chinese in their assistance to that ancient kingdom of Shilla to understand that they needed to also incorporate cavalry into their military to then better help them in their conquest for the rest of the territory and their battles with the Emishi or the more Caucasian what we might consider the natives there. Yet as I stated earlier the term Shogun didn't become synonymous with a military dictator until much later in Japanese history. At the time of the formation of the Yamato state the term Shogun was more about a contracted individual that would raise a military force and go about this pacification process to gather more land to incorporate more taxable territory into the Yamato state. And so you had these various military contractors that were sanctioned and given status for temporary campaigns to go and capture more land. And this occurred over several centuries. Yet what makes Japan so unique I think is the geographic situation internal as well as relative to the Asian mainland. If you look at the amount of arable land which is indicated in green versus mountainous territories you can also see that there's not a lot in which the people can live in and sustain themselves through agriculture. And as I indicated earlier the importance of cavalry the ability to graze and raise horses that were suitable for military conquest was very limited to certain areas. And as you would imagine it is only natural then that that place on the southeastern tip or corner of Honshu what is known as the Kanto plain would inevitably become a center of power. And in fact that's the location where the capital is today Tokyo. So the Yamato state might have started in the southwest but it naturally migrated further to the east. Now the Kanto plain also was known as the east but there's another name Musashi which literally translated means the storehouse of warriors. So the best warriors because they had the best cavalry the best horses and also the most arable land which meant that they had the most wealth that wealth concentration was in the east. And in that situation a concentration of power stayed with the Yamato state but all the warriors came from the east. And the Heian period of what we consider classical Japan came at a point where most of the settlement to the north was already taken care of they had done their battles they had learned their lessons they realized the importance of cavalry and they also learned to put a curve into their swords to make it more effective they learned that from the emishi of the north as well. Yet there were less contracts to give out less military posts to offer and therefore there were less lands to distribute because they were not gaining too much from conquest anymore. So it leads to what I call the rulers dilemma which is in order to maintain what's known as a plenipotentiary position or central planner you have to be able to steal from some people and give to others in order to buy support. So we see in the Heian era that that wasn't really available because again they weren't capturing too much land. Couple that with the natural cycle and flow of climate change and the imposition of famines due to harsh conditions that were just seasonal and cyclical. There was actually less land being cultivated. So they offered more incentives by providing tax-free or reduced taxes for specific terms and they offered more titles of mobility which we can consider rank inflation providing more ranks more titles yet having less actual goods less actual tax proceeds to redistribute and the peasants that were sometimes incorporated into the armies were really good at evading taxes and including the tax to serve alongside those cavalry. So there was a situation where there was less and less available goods to redistribute less loot as you will and so in the capital there were too many princes too many people with titles too many mouths to feed from the public treasure treasury and in that the solution that they came up with was to distribute them out to reclaim land that was no longer being cultivated to set up estates and to man the district and provincial offices yet when they got out into those hinterlands they found out that the only way that they could really get things done to affect policy was to use the local warrior bands that had already formed out in those territories. So if the central court wanted to get something done they sent it to a provincial district headquarters provincial or district headquarters and then they would try to carry that out but again due to local conditions and those pockets as you saw earlier those islands within Japan of arable land can have their own distinct character their own distinct relationships and to get anything done the power actually had to be subcontracted to those local alliances that were already in place and again those were military alliances based on self-protection and networks that helped each other out for their own mutual security. So the central state the Yamato court had to work through those local bands in order to affect policy change and that's why we can consider the samurai to initially be security contractors. The central state tried to mimic the Tang dynasty from China's model of national conscription which was very heavily based on infantry but as we learned it's the cavalry that really got things done in terms of military force and so affecting policy wasn't very conducive with a primarily conscripted infantry force. So they naturally developed this what's known in Japanese as the kondeisei in 792 it's roughly translated as the stalwart fellows network system. The central court recognized that they weren't going to be able to get things done using their bureaucracy so they actually just adopted the kondeisei the stalwart fellows system of policy enforcement. The emperor because it was believed at the time that it was descended from heaven and had the divine right to rule and that court may remain the central authority that could issue various grants various titles various contracts and also the edicts how much taxing was going to be collected. So that the emperor maintained that ceremonial position to conduct their sacred rituals yet the developing of the actual networks to get things done proceeded down through the court nobles that then developed their estates out in the hinterlands and again it was based on reduced taxes and the ability to bring into one's own house those different lands. So there was this pull towards a horizontal network where people out in the land that want out in the hinterlands that wanted to avoid taxes avoid some of the onerous regulations and being conscripted would align themselves to an estate that had a direct relation to a court noble and the court nobles of course enjoyed having their own private military contractors as well to support them. The military contractors would have to do tours of duty and perform services in the capital as well as border security and at the time there was a belief that the Tang dynasty was going to invade so there was a lot of fortification on the western flank but the invasion never came. Yet at the same time those vertical patrons would horizontal networks in the states and tours of duty the vertical patrons in the court would provide legal cover for those networks that are out in the hinterland. So you see this patronage system developing as well as the the strengthening of the networks that are out in the provinces and the districts. Within that situation there was one particular excess prince that was just so happened to be in the Kanto Plain very wealthy because they had so much land with which to raise horses as well as wet rice farming and a variety of other agricultural endeavors. Yet he went to go perform his service in the capital and while he was performing his tour of duty his uncles expropriated some of the land that was his to inherit. Now those uncles also wanted him to raise rank and to come back with some sort of title of nobility because you would earn yourself a reduction in tax liability. That leads to greater favor and the ability to attract more into that horizontal network. Yet when he came back he also married one of his distant cousins and at the time also there was matrilineal inheritance which meant that some of the land of his in-laws would be granted to his wife. Unfortunately Taira No Masakado didn't earn very much rank and he wasn't very much of a catch. He wasn't much of a prize in terms of a husband because he wasn't going to bring any more tax deferred land or more rank or prestige. So there was a dispute with the uncles over existing land grants and there was a dispute over the inheritance and that led to a skirmish in 935. He was successful in repelling that attack because he was well skilled in the art of war and immediately after he won those skirmishes he went to prove his case in the capital. As a matter of fact over the course of a number of years he was attacked and deferred to the court in order to justify his actions and he did that three times. In fact the court sided with him in terms of his land grants and his claims. Yet when there was a change in provincial leadership because again the court in the central state is giving out those positions and ranks in the provincial headquarters, change of personality changed the way that the court looked at those claims. And so when his land holdings were reversed or looked at differently because of the regime uncertainty involved because of personality changes that led to him simply saying alright enough is enough. I'll just go ahead and be my own emperor over here on the east. You people on the other side of that mountain chain can go deal with yourselves and I'll take care of things over here. So he attacked all the provincial headquarters, set them afire and laid waste to a number of different estates that were at odds with his claims, the ones that were held by his uncles. Yet at the same time he also appealed to one of his patrons back in the court and tried to make himself at least appear to be noble in his endeavors. But it's the first time that one of those warriors out in the provinces was to say that authority is illegitimate and I'm going to run things over here for myself. Unfortunately the court was able to play one warrior band off of another and issued a bounty for his head and the legitimate belief in the divine right to rule on the part of the emperor rallied as well as rallied to the cause a number of different rivals.  His head was sent to the capital to be put on display and it is said that his eyes never closed, that they could hear him laughing. And then at some point that head disappeared and mysteriously made its way back to the Kanto Plain and it landed in what is now known as Ote Machi in downtown Tokyo, which just so happens to be a financial district and located very close to the headquarters of the Bank of Japan.  So he's looked at as a local hero and he's a source of inspiration for those in the financial district that are looking for fortune and looking to make their own way in the world. But when we look at what we can take from this incident and look at it through the lens of praxeology because so many other people that examine this incident come up with different ways of describing why this conflict came to a head, there's one historian that tried to claim that this was a matter of interest-specific rivalry, which is just a simply way of saying that people try to establish a pecking order amongst themselves. But fortunately because we have the tools of praxeological analysis, we can understand that all conflicts are based on control over resources and it's because of the scarcity of resources that lead to these conflicts and without the adequacy of clear property rights conflicts will inevitably arise. And so what we can look to attenuate trying to move forward and build a private law society is of course the understanding of tenuous property rights are a source of conflict. And when regime uncertainty and the arbitrariness of those property titles leads to those conflicts, there is no such thing as justice. Justice is simply having just conduct in human relationships. In Masakado's case, clear title and not having your land confiscated when you go to perform some service in the capital or a tour of duty somewhere else and come back and have your land confiscated by your uncles led to the conflict. It's not just inter-specific rivalry, it's not just about pecking order, it's about control of resources. And believing that there's a divine right to rule in some capital, in some person, in some group of persons is also one of the things that needs to be dispelled so that we can get down to the business of assigning clear property titles and respecting those borders. We can also understand that there's always the ruler's dilemma as long as there's somebody that is trying to hold that plenipotentiary position, that central planning authority, they're going to need to steal from some in order to make other people better off. This is explained by a number of different theorists, including Anthony de Jasse and his book, The State, and then his follow on article, The Maximizing State.  And so this ruler's dilemma of having to take and redistribute will always exist as long as there is that sense of rulers. So a private law society cannot entertain any central planners, so as to avoid that ruler's dilemma. Now also understand that there will always be divide and rule tactics as long as there is political persuasion. This is one of the problems of political authority. The idea of making rivals pit against one another and promising them rewards, official recognition and things along those lines will always create that conflict. And there will always be somebody to stand up and look at taking someone else's property if they can get away with it. So the task for a private law society is to be able to attenuate those problems without overreacting. You see, Masakado went and tore down the provincial headquarters. Yet he was also trying to justify his actions with the central court. So he was in one camp or two camps at the same time and found himself squeezed between them both, trying to set out on his own, yet also trying to appeal to justify his actions with that central court. Didn't work out for him. So being able to mitigate these problems that we know will arise in any political situation, while at the same time avoiding overreaction remains a task for those of us that are looking to advance a private law society. So what do we do? We can accentuate local identity. Japan's geography was conducive to a local identity because of the massive terrain features that separated those pockets of civilization. And understanding that there are geographic benefits to having massive terrain or significant terrain features between political entities creates that buffer space. It's harder to impose one's will when there's a geographic buffer between. But to keep things local is one of those elements to have local wealth, local networks and local ability to resist and to enforce property rights. It's going to require having armed and trained networks. I would submit that having an armed network to resist the encroachments of others is indispensable no matter whether we're talking about a minimal state or an absolute private law society. You can outsource some of your security, but at some point you also have to be able to resist the will of any of these corporations that might become overbearing and alter the deal. Yet the way to modulate and to keep focused on what's important is to make sure the importance of private property becomes that central organizing factor. And so even the US Army understands that property means peace. I was able to find this book by a retired lawyer that worked for the Army, retired as a Lieutenant Colonel, became a PhD in international relations and now works for the Army War College putting out books and just so happens that he wrote some things that are very similar to what we're advocating here as well. Comprehensive precise and transparent expression of real property is a necessary precondition of peace. Places outside the lines of formal property necessarily slump toward possession by force. So in the absence of property norms, there will be conflict. Even the Army recognizes this. If by success of a society we mean improvement in freedom, material prosperity and social peace, a trio which together might fairly be called human flourishing, then construction of formal liberal property regimes and land use systems is as important as holding elections. So property, even the Army admits more important than democracy. I really appreciate Richard Mayberry's formulation of a property centric common law. And it's something that I'd like to see propagated throughout the property and freedom society as well as beyond. When we talk about a common law that everybody can agree with, don't hurt people, don't take their stuff. How do you formulate that in law? Do all you have agreed to do? And this is the basis of contract law. Do not encroach upon other people or their property. And with this, we have the basis of criminal law premised upon restitution through torts. And if this becomes the organizing factor, we have the ability to actually bring it into effect. I always come back to this particular chapter within Professor Hoppe's book, The Defense of Minimal States and Free Societies. I believe we would see some rough combination of militias and insurance companies or market providers. And those would not be as mutually exclusive as we think. So Joe Stromberg's formulation is pretty good. Now that rough combination is the question that needs to be worked on, developed, and would probably be varied depending upon localities. Those that have more time than money would probably do more self service in a militia. Those that have more money than time would likely provide more funding to a market based provider or an insurance company. And those jurisdictions would likely be in flux to be constantly changing depending upon people's preferences, people's alliances, and based on property values and a variety of other factors. We come to this understanding that good militia is the foundation of all states. And by here we can incorporate this statement as being applicable to minimal states and private law societies, free societies as well. But where there is lacking any militia, there can be no good law. Nor else that is good. Because again, I would submit that having those armed trained bands, call it militia if we must, is necessary not only to prevent or dissuade encroachment by overarching states, but also the growth of companies that would near monopoly status and be able to alter the contracts is what we're seeing a lot today and with a number of companies that are out there. So I believe that a private law society must embrace the M word and as an American, we are fortunate to have at least a written constitution that we can use as a baseline to show where the deviations happen, of course, where the violations of that contract or operating charter are happening. Yet we also have a few elements within that constitution that we can fall back on. And I know that there's a number of people that like to look at the Second Amendment as being the right to keep and bear arms. Yet I would say that the more important aspect is the armed trained bands that are so important to the maintenance of a free society. And so when we look at the Second Amendment, rather than looking at the last half and ignoring the first half, we can look at the Second Amendment as the basis of a institutional framework for enforcing private law. Well regulated militia are necessary to the security of a free state. We emphasize that necessary piece rather than the arms piece, the arms will take care of themselves as I'll show you in a second. But if you go through the entire United States Constitution, you'll see the word necessary a number of times, but it's never in regard to an institution or an office. The president is not necessary. The Congress is not necessary. The only institution that's necessary is the militia. And it's necessary to the security of a free state vis-a-vis the member states to the general government. Those militia by definition are organized armed and disciplined. So just these guys that are running around out in the woods, those are not well regulated militia. Those are not the militia that are found in the Constitution. And again, it's not about the arms, it's about the organization and the discipline. Individual discipline, I would submit, those that organize and are disciplined would likely be more resistant, more hesitant to the fear that's necessary for divide and rule. Those that understand how to use arms and understand the importance of their network for their own security, as well as the security that prevents encroachment will also be more resistant to those types of overreactions or those types of provocations that lead to a justification for further invasion. And then the reason that those armed trained bands exist within the framework of this Republican Constitution is to execute the laws. So when we look at the right to keep and bear arms in isolation, you lose all of this. What's important is that in order for the central government, the federal government to execute its laws within the states and within the provinces, localities, by right, by way of the charter known as the Constitution, they should be executing law by way of those local organizations, those local institutions. And then the arms, you get into these ideas of what type of arms, how many bullets can you put in the magazine. All of that is superficial. And that is exactly where the conversation unfortunately has devolved to these squabbles about statistics and crime in the cities and things along those lines. And so they come up with these justifications for further encroachment upon the right to keep and bear arms, these licensing schemes and things along those lines. If you look at the function of the militia, execute the laws, repel invasions and suppress insurrections, whatever arms are suitable to those tasks are exactly what the people themselves need to have access to. And so by keeping the conversation focused on the right to keep and bear arms rather than the purpose, start with why? Why do we have these armed trained bands, locally organized? It's to execute the laws, it's to keep those laws good, as Machiavelli says, and to keep all else good as well. So my message is to embrace the M word. It's been vilified. And obviously, anytime something bad happens overseas, the rise of militias in Libya or Syria or what have you, of course, that's another one of these divide and rule tactics that tries to obfuscate the real issues at hand. Any free society is going to need to have the ability to repel invasions, including immigration issues. And there's another aspect that I've been thinking about recently as well that we've learned from social biology and things along those lines and evolutionary biology that, of course, social cooperation is necessary. Those groups that participate in activities to help each other out thrive and flourish. Yet in order to do that, there needs to be an element of self selection of hygiene. And that is also one of the things that you can think about with a local militia except someone from the outside, they have to be able to trust one another, they need to be able to communicate well, they need to be able to have shared values in a sense of kinship of some kind. And so would you want this outsider who wants to move in a member of your militia? Would you want to be on the firing line with that individual? I think asking those questions would then lead to that self selection process that keeps groups oriented on their mutual flourishing. And so so many different aspects of maintaining a free society are solved or at least addressed when you think about in terms of how are we going to organize for our security without completely outsourcing it to someone that might be able to alter the terms of the contract. When we look at Japan, it's one of the most polite societies. And I believe that starting in 792 all the way till the end of the samurai period of 1868, it was warrior leadership that stalwart fellows, those local armed trained bands were the source of law, the source of law enforcement and even being able to reject for at least a short time that central authority. That warrior leadership and those warrior values are what lead to a polite society that we see in Japan today. And so we might be familiar with the term more guns less crime and armed society as a polite society because manners are good when one may have to back up their actions with their lives. So I just like to close by saying I appreciate your time and I appreciate your consideration and indeed, a free society is available, but it requires participation. It requires the ability to protect yourself and to protect those that you love. And I believe that will be true no matter what the future brings. And hopefully, in a private law society. Thank you.


My name is Chris Sweatt and this is my wife Denise. We're here with my two kids, Sarah and Anna. We're here on Sweatt Farms. We farm right out of 1,100 rented and owned land. More cows than any other species, but we also run sheep as well. I was born into farming. We've been farming on, you know, right here where we live for four generations now. I met Denise. She was from a farm family as well. We met in, actually, when we was in college and high school, we met Shoe and Cattle. But then after we got married, we moved back here to the farm and we wanted to start our family here just like I grew up, so that's what we did. We moved back here and started growing the operation. I work for Farm Credit. I'm a regional vice president for Farm Credit and manage five offices for them. I started as an intern back in 1999, and then after I graduated college, come on full time with them and have worked my way up through the years. Chris has taught agriculture. He was teaching before I got out of college. We got married while I was still in college and he was teaching ag and taught ag for 25 years and then he's retired from ag, so he's farming full time now. We both chose roles to work that involved agriculture. So, even though we might not be farming all day, we're helping farmers in everything that we do. You know, we have two girls and both of them are very, very active in agriculture. Both of them are in FFA, both of them are in 4-H. We're very blessed that we've got friends and stuff in our 4-H club that are very active and public speaking. Our daughters have really taken to that and livestock judging. It makes my heart swell with pride that, you know, I was on a state winning livestock team so was Denise and both of our girls have been as well. It's a lot of hard work. There's a lot of mornings that I'd rather, I wish I could sleep in. I wish I could, you know, all of my friends in high school, not many of them had farms, so you know, they were always going to the lake or hanging out and I had to get up and take care of show cows and work cows and so it's something that you think about and, you know, some mornings I wish I could sleep in but I honestly wouldn't trade it for the world. It means a lot to know that I'm learning lessons from people that have been through the same experiences that I'm doing now. Like Sarah mentioned, it's sometimes better to stay quiet because they've been through those things and you can learn a lot from just watching. At the sheep and goats buy-in station, it's fun to work with your family because you know, everyone's got a role to contribute to the industry that we're trying to build at Hope and it's exciting and sometimes nerve-wracking when you've got a bunch on a big sale to get it right but you know, if you do make that mess up, I've got my dad in the ring, he'll help me out and Sarah on the pen and side, I know that she's skilled enough to do it and I feel like it helps us build as a family to work together. He told us you can't raise sheep and goats in South Arkansas because there's no market farm. You have to ship them too far to sell them so a lot of times if you have something that comes up that's you know, a hindrance that just prods you to find solutions and that's kind of what we did. We went and built a market. Everybody said, well, you know, you won't be able to sell 50 head of sheep in Hope Arkansas. Our largest sale that we've had was a thousand. After that, we decided to go into a buying station and we knew the buying station wasn't going to be the fix for long term but we knew it was a short time fix. Last year we was just a few dollars shy of half a million worth of sheep and goats sale dollars wise. Projected this year is going to be a little over 600 within another three years, probably going to be staring right at a million if nothing happens. And I can truly say that the sheep and goat things, one thing that we made an impact, we have built, not single handedly, but between Mr. Duckett and myself and several other people, we've built the sheep and goat industry in Southwest Arkansas. We always run right around 300 cows. We have a set of Resturant Angus cows. We have a set of Resturant Sembrock cows and Resturant Herd of Semitole cows. This herd here is actually Recip cows that we contract the calves out of them from people across the United States, send us embryos, and we put the embryos into our cows and then we raise them for other people on a contract. So we know that when we get a calf on the ground he's pretty well already sold. You know, if you're going to be successful in farming, you can't just sell a product. You know, you got to sell a service. We finally found a niche that we could sell a service and a product. And through the embryos, it helps us sell a service. Chris's goal is to be happy and retired. But I tell you this, our goal is I want to see my kids come back here and add to it. If our kids can come back here and make a living doing what we're doing, then I think that will count that as a win. You know, in terms of direction of our farm, I don't know that I think a lot of people get stuck in a rut and they want to make sure they all go in, you know, they set a goal and they want to go in one direction. You know, I don't know, next year or 10 years from now, you know, we may be putting in more embryos or we may be raising turnip greens out here. I don't know. I think you've got to have a little bit of flexibility when you farm. I let my kids have a lot of input in it. You know, if they want to go in a direction and we can justify it, then that's what we do. There's a lot of things we don't have flexibility on and, you know, we don't have flexibility when it comes to, you know, the integrity of the land, the integrity of our family. We want to do stuff that, you know, my great-grandfather would be proud of. You know, when I was in school, when I was in high school, we had a teacher tell us one time that you find a job that you like and you'll never work a day in your life. That's false. That's absolutely false. It's hard work. It's hard work. It's getting out there and going to work, you know, every day, saddled with debt, saddled with high input costs, saddled with the uncertainty of the weather, saddled with the uncertainty of the markets, but on the flip side of that, you know, I wouldn't choose anything else.