All right. Good afternoon traders and welcome to the book map pro trader webinar here today with Fausto Pugliesi. Sorry Fausto, I always say Pugliesi because that's a that's is the probably telling it. Yeah. Yeah. Pugliesi. Sorry Fausto. So anyway, we've had Fausto several times you guys know who he is. Very happy to have him again professional stocks traders been doing it for years. I keep on mentioning this funny kind of relationship with him. Seeing him for the first time. I don't know 15 or 20 years ago over at the. What is it the money show here in New York City. Yeah. Yeah. And you know Fausto was trading very low timeframes and just very simple things support and resistance and looking at the order book looking for an edge taking it getting out looking for the next one. And he won the trading competition with all these other gurus there year after year basically so anyway we have an excellent trader here. You've got his story here. I think he'll talk more about that and he's actually here once a month. So on the third Monday of every month he couldn't make it this Monday so we have him here on Wednesday. And then I have his links and information in here which I will put in the chat for you guys if you want to reach out directly to Fausto and his education and different services. Let's go through the disclosures and then turn it over to Fausto all book map limited materials information and presentations are for educational purposes only and should not be considered specific investment advice nor recommendations. Risk disclosure trading futures equities and digital currencies involves substantial risk of loss and is not suitable for all investors past performance is not necessarily indicative of future results. Alright Fausto so let me get your screen up here and then I will broadcast it right over here to YouTube so. No problem. Alright I think we're all set to go. Alright well thanks everyone for coming here and yeah Bruce and I we go way way back. You know tell a little history about how trading is going to be working and what we're going to be doing but I am actually one of the original day traders that started back in the early 90s. So I'm one of the original sows band it said if you ever read any of the old books I'm going to talk a little about it and you know what made me love book maps so much. I use it every day you know and listen I'm not I'm not here to kind of say oh everyone's like oh you're trying to promote a product no I really in my training when we use it every day. I'm going to show you some stocks that we traded there's a lot of big things that are moving and you know and and the reason why I can't make next week just let you know the markets actually close is Juneteenth. It's a new brand new national holiday and that's the reason why I can't show you a lot data when the markets close. But but let me tell you some couple things that we're going to be focusing on listen there are a lot of stocks moving on and bring up the book map platform right here and just show you. Now you probably seen that there's a lot of different presenters that use book map might have it set up a little bit differently. If it's futures if it's crypto if it's stocks I'm going to show you exactly why these stocks hit these big iceberg orders how I use them because that's what I call them. These big block orders and then most most importantly when we're all set and done with this whole event we just bring this up for you. Where am I missing it right here. There we are.  So you know with that said I'm going to show you the trading room really quick and just kind of show you what's going on. We have our own custom built trading room and you know I'm just going to show you really quick right here shoot we're talking about. There you go. So here's our trading room and you're going to see all the traders in here on the left hand side the chat the auto commentary. So everything I'm going to show you today and how we use this platform is going to start from here. So like really quick we'll quick little disclaimer. Listen this is just educational purposes only that we're doing right now not going to make any guarantees of promises. Feel free to read out disclaimer but just please be very smart when you're trading today's markets because some things can become very dangerous and very volatile. So be smart before you make your trade. So with that said I told you I'm going to invite every one of you at the end of the presentation to come and see this live for a week. Now we started one of the first actually I have to say I started the first trading school trading room and probably the top of first three schools out there in the industry. A lot of the schools that you see out there are probably students of mine. Eventually everyone finds their own style whatever but let me tell you about the book map platform. This platform I'm about to show you is something very similar that I've been using since the day I started but it's on a totally different level. And you know you need to see how to utilize it. And most importantly what I'm going to do is I'm going to show you how we find these stocks out there and how we use that book map platform. And I'm also going to compare it to one of a company that we've which all of you are very familiar with Nasdaq. If some of you are watching any of my videos I'm on Nasdaq. I'm a regular guest at Nasdaq. I help educate people how to use the Nasdaq book viewer. And you're going to see personally if you're watching this on a YouTube video or whatever you all should have it. And I think everyone should buy it even if you have a book viewer now because what's going to happen is that when you use it you're going to see how valuable like wow and I know why I need a book map and you'll see it. Because what this shows you is not the past going to teach you how to use the future. So listen there's a lot of stocks that we traded this week and I'm an actual day trader. Listen Carnival Cruise Line has been a great day trade and not only has been a good swing trade. But the question is when is it going to stop? Who's pushing it up? Same thing with ASSA. Big runner up you could see here in pre-market stock goes from $1.20 to $1.60 to $3.20 and the market's not even open. Over there on the left that's the pre-market chat about traders trading them. And you know there's a lot out there but how do we know how to find them? How do we know how to go about them? Well like I told you I'm one of the original day traders that started. I'm also the author of the book of how to beat market makers at our own game. Well press me about this what you're seeing right here is the photograph on the left. Ford's magazine recognized us traders back about 30 years ago why you know trading has been such a big boom in today's markets. And we've been finding it it's been coming back more and more. And you know what? That little 15 inch screen that you see right there listen that's what we used to make money on. And listen now you have the technology you have more screens bigger screens. And you didn't have to pay $20 a ticket like we paid back then. You could see how things got easier and a lot better. Now like Chris has told you he's one of those people that were in the stands you could see right there. I've done the traders challenge I've went up against every school I competed. I beat every school I competed because a lot of people are not really active traders. You know a lot of them are like investors analysts swing traders. And you know I love doing it. But the thing is I'm here today to kind of teach you guys how to use the book map platform and hopefully maybe be one of these people that you see up here on the screen to be part of our team because that's what I'm looking for. I'm looking for traders that I could teach. There's actually a photograph of me on Nasdaq. I'm actually going to be on next week. Once again teaching people how to use the Nasdaq book viewer. And when I'm going to show you how the book viewer works and by knowing how it works you're going to see how valuable the book map is towards it. So listen right into the how trading works. A lot of people want to know has the big money move stops. Okay there are different scanners different tools to use everything out there. Now personally there's two main tools that I kind of used. Nasdaq book viewer which is level three and level four which I call is the book map. Okay and I'm going to go through and explain to you what makes one better than the other and why you should get one of them then none of them. So regarding about the Nasdaq book viewer just kind of give you a basic understanding because when you look at the book map when you see what's called the COV which is the current order of book. This is pretty much what you see here. So on the right hand side you'll see you got all the sellers on a left hand side. You got all the buyers. You got three columns. You got orders shares and the bid price and the way Nasdaq works is to negotiate a market. You know it's a negotiated market. People who ever want to buy it will be up on top. Whoever wants to buy it less is down at the bottom. Same thing for the sell side. You got the sellers out there who wants to sell for the least, who wants to sell it for more. So you're basically looking at one big chat room. Now what's important about this is that when you go to the book map you're going to see how this is incorporated into the book map. But you're looking at right now is the raw data of the market. So let me show you how to use the Nasdaq book viewer and then we'll go into the book map and why one is preferably you want to use one versus the other. So once again, my goal is I don't teach people how to make money. It kind of sounds ridiculous, right? That's what we hear. Now my goal is to teach you how to stop losing it. The way you stop losing money because that's about why 90% of people fail is because you need to know when to take a loss. Now no one knows how to take a loss and the way you learn how to take a loss is that because by the way you're going to lose in trading. It's part of the game. And by the way, that's not a bad thing. You just got to know how to lose good. Meaning you can't take big losses. You're going to want to take small losses. And the way you learn how to take losses is that when a stock goes against you, you got to know, OK, stocks going down, bear the buyers. And when you look at where the buyers are, you'd be like, hmm, get out now or it could wait a dollar later where the buyers are and lose $1,000 on a thousand shares. And who's to say we're going to hold there? So let me show you how as that book view works. So you can see right here you have a big resistance levels where you have the stock trending down from $1,250 because it's going right down. We're looking at a stock hold riot. It's a price of $1,160 and then it goes back up to $1,210. Now why did it pick $1,260? I mean $1,160. Why didn't it stop at $1,190? It looked like it was going to do that. Why didn't it stop at $1,220? Why $1,160? Well, when you look at the NASDAQ book view on the left, you'll notice that there's a $70,000 share buyer out there, OK? Now you see all the orders out there, right? You see $400,000, $300,000, $700,000, $70,000 and there is $16,000 orders that make up the $70,000 and $11,600. See, NASDAQ controls about 50% of the volume in the market, OK? Then with everything else in there, between ARCA, EDGX, all those other exchanges, which is where you could aggregate and get it through that book viewer, which I'll show you. But right here you're looking at about 50% of the volume. The reason what's very discouraging about this is that depending on what stock you look at, this moves pretty quickly. So, but, and you know how to set the defaults, which I'm going to give everybody a, you know, when you register at the end, I'll give everybody a little quick little workshop. I'll show you how to fix the filters and stuff. You'll be able to see these orders clearly and more obviously. Now, let's look at our resistance levels. If you're looking at stock AI, great run up, goes from 37 in about, I don't know, less than 30 minutes, goes to 41, it comes back to 36. They don't want to stock and like, damn it, why didn't I get out? Why did I get greedy? By the way, then you think like, well, who would help push it down in the first place? Was it a Fibonacci? Was it a MACD? Was it an RSA? RSA? What was it? It was none of that. Those indicators are invented by mathematicians, OK? Mathematicians are not traders. So they're always right.  If you're a swing trader, maybe, maybe an option trader because you got time to kind of wait till things come into, come to fruition. Oh my God, it was a pretty bad storm. I got going to my town. Hopefully I don't lose power. But anyway, here you have the stock, big push, it's 41, comes back down. Now, when the stock goes up, what's going to prevent it? Sellers. Sellers make resistance. And when you look over here at Nasdaq Book Viewer and you work your way down, it might not sound like a lot to you, but there are 28,000 shares and there are 62 orders out there at 41. Now, when you're looking at all the sellers out there, is 28,000 a lot? Well, listen, 100 shares, 200 shares, 400 shares, 1,000, 100, 100, 173, that's a lot, 28,000. Because when you multiply it and you add that up, that's probably an explain why the stock has a big resistance levels there. By the way, simple math, often complicated. So hopefully I didn't lose anybody. Now, let's look at PLTR. Now, let's do a little quick little strategy. PLTR goes up from 1520 and goes all the way up to 16 and comes back down. Now, where can we find the next support level? That's the goal. So let's say you got cocky, you got greed, and you were making money, now it's going down. Now you're like, where do I hold it? Well, I see support levels on the chart right around here, around 1570. I see 1560, but there's no guarantee. There's no guarantee other than this. There is a 82,000 share buyer at 1567. So, listen, there are buyers everywhere, but what you're looking for is the big block we call here iceberg order. That is the big block order. That's what makes support levels. And guess what? When you see that big order, what happened to the stock? It came up to it and it went right back up to 16. It's just simple math and obvious support and resistance out of control by buyers and sellers. Now, let's look at Carvana. Let me just do one more. Carvana has been a fun stock. We've been trading it. Maybe some of you here have been watching it. And let me tell you, there's been a lot of stocks I've been moving. We're going to show you a lot of them out there. But even like Carvana, good trend, good going up, but the goal is good traders always look to take a profit. Good traders, listen, a bad trader will buy at the bottom and sell at the top. You know how many times they missed the bottom at the top? Good traders always buy in between, between the bid, the support level and the resistance levels. So, you've got to have a game plan. Good traders always think about taking the profit. You can't go broke taking profits. If I see a big iceberg ordered out there at 23,000 shares, when you got orders of 10 shares, 20 shares, 120 shares, that is what's going to make your resistance levels right there. And as much as you think the stock keeps trending and looks like it's going higher, well, guess what? If you didn't have that game plan and didn't get out there, that's what caused the stock to go lower. Once again, simple math, simple buyers by control by simple sellers. Now, where could you get NASDAQ BookViewer? Very simple. If you got your phone, just take your phone, turn on the camera, just scan that QR code and you will go directly to the NASDAQ website and you could buy this platform for $15. Okay? Now, you're probably here and I'm not here to promote BookViewer for the $15 because the goal is, why do we want to deal with BookMap? Well, you know what? When I got started, I was 22 years old and everybody wanted to trade. I live here in New York. This is the financial capital world. We all wanted to trade. I look at this and I'm like, I used to pay $1,000 a month for this platform. Okay? Now you could pay $15. Why in the right mind would you not buy the stock? Not buy something that would show you 50% of the volume of the stock that you're trading right now, even if it's an ETF or anything else? Why would you not want that? Okay? $15? Are you kidding me?  Now, BookMap obviously is more money than that. Now, the reason why I'm veering you to look at this, because when you try this and you're going to know why, oh, now I get BookMap. Oh, now I know why I should spend the money on that. Okay? But when I got started, if I told everyone here that you had to pay $1,000 for this data, a lot of you, I think probably 99% of you said, you know, not doing it. But when I got started, this is how it worked. Hey, I'm going to show you how to make a six-figure salary. Okay? There's no such thing as free lunches. It's not, you know? And you know what? We're not here to give you free stuff. You've got to pay your rent. This is what the rent costs. You want that six-figure salary? Okay, the rent costs $1,000 a month.  I really like this job. I have my friend that does it. He's driving a nice car and this and that. You know what? What's the worst thing that could happen to me? So I did it. And that's why I'm standing here today. And that's why you guys are listening to me. Now, that same platform costs $15. And when you use this, then I start showing you book map. Then you're going to know why you need one versus the other. But you've got to start somewhere. Now, let me go into why Book Viewer is the platform to use. Okay? Now, let me just tell you a little history about this book map for everyone here. I get solicited all the time. Okay? Everybody wants my endorsement. Everybody wants me to push their product. Everybody's like, and I'm not in that business. Okay? I am in the trading business. What do my students introduce this to me? And then I'm like, and believe me, I had people that trying to sell me, you know, stock alerts and indicators and brokerage firms. And they all tell me why there is a better than that one. I really had absolutely no interest in this platform. Okay? But one of my most successful students is Fausto. I'm just wanting you right now. What I'm about to show you is everything that you preach, everything, everything. So I had one of my instructors, Josh, look at it.  And I looked at it. First thing I did, I looked at it. I'm like, it looks a little confusing, the bowls, the snap. And I started watching it and started comparing it to my Nasdaq BookView. And I started looking at this. I'm like, first thing I did, I said, I want to buy you guys out. And I said, that was the first thing I told the owner. I said, I want your platform. I said, I want to be partners on this because this is everything that we wanted to build, you know, in the past 20 years. All right? Obviously it didn't sell to me. But I'm here pitching it. I love it to death because it really is. Because when you start from where I started from, and now you're starting to see something that finally that should have been out there, you're going to see how it makes sense. Now, I'm not here to kind of like, let me tell you what made me so excited about this. Okay? So right here on the right-hand side, this is called the current order book. That right there is called, you would look at it as more like the Nasdaq BookViewer. So you're seeing all these numbers. But what makes this so much great is that now I could see when that order was out there, how much he added, is he getting executed, and it's more visual, the colors. So you could kind of like make the colors darker, brighter. You could see it on a chart. I know how much we all love charts. Now you're getting to see it on a platform. So, and by the way, I don't know if anybody here uses thinkorswim, but I did a couple of great videos on it. It's actually probably one of the most popular videos on thinkorswim, because you can get BookViewer on thinkorswim now. All right? So please, if you get an opportunity at the end of this platform, end of this event, I'll show you how to get those videos too. Now let's go talk about how I personally use this. Now, I know we had some advanced traders in here. I know there's some of you have been doing this for a while, and I'm sorry if I'm getting a little beginner-ish, but there are people in here that are not beginner-ish. There are people here watching it on YouTube. There are people here watching it on social media, and it's still skeptical because, you know, let me tell you, I just got off the phone with a new student. This is Fausto. I've spent $20,000, $30,000 in education.  But I said, you know what, if it worked, he probably would have found us in the first place. But when they saw this, it totally changed everything, especially when you saw it live. Let me tell you how we kind of use it and how I simplify it as a professional day trader. Now, we're looking at the stock AI. Now, AI has been a really fun stock.  Everyone's worried about, you know, artificial intelligence and everything. But the stock's been having a really good rally. Listen, good news, bad news.   You don't care about making money. But what you most important should care about is risking the least amount of money to do that with a high amount of reward. So when you keep going out there and thinking, I want to trade the Teslas, the Facebooks, the Amazons, or I can't afford them. Maybe I'll trade, you know, the options. It doesn't work that way, okay? Because there's always opportunities out there. What I want to show you is what's called a breakout, okay, a strategy that we teach.  Now, right here's 930. You can see the pre-market. Then when the market opened up, all of a sudden, algorithms, high-frequency trades, dark pools, you know, institutions start putting their waters in. And the stock started building a very big order right around here at $40 for 125,000 shares. And that's not chump change, okay? You're talking a lot of money right there. It's a hell of a lot more money than any of you will probably go out there. So why not there and follow it? Now, the thing is this. Yellow, green bull, that green bull, and that green bull, and that green bull, and that green bull, and that green bull, and that one, and that one, that one, that is called time and sales. Those are orders that got filled. Red beans, transactions on the bid, green beans, transactions on the ask. A lot of buying going on. Somebody went out there and bought that order. Now, in theory, Xceler, big resistance, the stock goes down. You know what? Somebody could buy it. We still see stocks break resistances all the time. And that stock went from 40 up to 41. Not only that, it went through 41. It broke through 40, went to 41 right there. And now, all of a sudden, that buyer, that seller now became a buyer. And now, you're talking a 271,000 share buyer of 41.20. And that's why, when the stock went to 43, it never wanted to go down past 41.41, with a 41.10, it looks like, from here. That big buyer is what made support. So, now you're looking at the book map, and you're seeing these big iceberg orders, which make these support resistance levels. And by looking over here by the current order book, which is like the Nasdaq book viewer, when you look at a chart, it now makes more sense. Because look what ended up happening. The stock ran to $45 a share. And look, this is only one day. The stock is only, it's only $12.45. And look at it. It hit it, it broke. It didn't break it. It hit it, it didn't break it. And all of a sudden, boom, the thing takes off. Because, trust me, you might have these tools. These traders, you're going up against some of the best traders in the world. Trust me, you're not going to be Goldman Sachs. A 70% of their earnings come from their trading department. You're not going to beat them. But you could join them. And that's what you're looking at. Now, looking over here, Carvana. I want to show you something that's also very cool, which you will not get on any other platform, even like on Nasdaq book viewer. And this is where this comes into brings some value to it. See this little red line right here? That red line was a $250,000 share bar. It showed up around here around 10.15 in the morning. And what happened here, you can see the stock how it came down to around $11.80. Then all of a sudden, you can see there was this big order out here around $20. That person disappeared. What he basically did is he put his order out there for about five minutes. He decided he's like, you know what? I'm not buying this stock at $12.80. So he canceled his order. And when it ended up happening for what it looks like, that green ball, he said, you know what? Crap, I have an order I got to fill. I got to buy this stock. And then he said, screw it. He paid more money for it. He canceled his limit order. And he went to market order. And that's what made that stock go up. And you could see it, how that stock literally just caught in with higher and higher. Let me just go back there. And that's what drove that stock up. And not only that, but there were buyers even lower than that. So not only could you incorporate as a swing trade, you also could incorporate as a long-term trade. It all starts by happening over the course as a day trade. And that's how these stocks keep going up and up and up. And then all of a sudden, you could see these sellers that got executed that were the buyers. And all of a sudden, like, shoot, I got to buy the stock. And that's how these stock keeps going up and up. Now you can see there's a big buyer out here for $20.30 for $140,000. You're not going to see that on level two. You're not going to see that on Thicker Swim's order book. You're not going to see that on fidelity. But you're going to see it here. And I'm going to say it once. I'm going to say it again. How much smarter and better trading decisions would you make if you're able to see where all these big orders are? And that's why we love Bookmap. All the stock you could see here, look, it already ran to $23. And this thing started at $18. Now let's look at another example. Okay, Envax, another stock that we traded. Great little run-up, big run-up in pre-market. Stock goes from $7 up to $9.50. Okay, now as a professional trader, we always want to have a game plan. You don't want to be the person buying it at $9.50, selling it at $9 and then buying it back at $9.80. So the goal is why is it going up and we'll continue to go up. Now, granted, that chart doesn't tell you that. Now, let's look over here. You have a huge seller that showed up right before 9.30 and at $10 for 89,000 shares. Now, when you go back, you could see here, oops, sorry about that, this one, this is going to be, I'm sorry. So you could see right here, we're getting close to the 10. Now, going from 9 to 10 is a pretty, I don't know, that's a pretty big profit. And looking at that big resistance levels, I would say we should sell. Right? Hands down, sell. Here's the issue. Stock broke through 10. By the way, that could happen. That could happen because look what happened in 9.50. You don't want to be a person on board at 9, the stock goes to 9.50 and then you sell it at 9, the stock goes up. You want to have that game plan where to get out. But in this situation, this is a new breakout. And what ended up happening here is the stock went from 10 all the way almost to 10.50. Now, the thing is this, this is called a ladder effect. We call this a ladder effect.  He sold it and now he went to 11.20 and he got executed. This guy got executed. Do you ever like, let me give you an example of what this means. Do you ever like, see what's happened with the whole, like down in Florida, like everyone's moving to Florida. And like, you know what, I'm like, I want to buy a house in Florida. I heard about the good things, the tax things, but the houses are expensive. I could have bought that house, that same house I could have bought it three years ago. I could have paid maybe 300,000. Now you guys want 900, that's crazy. So, and now all of a sudden you look at the same house. Now they want a million too. And you go bought that same house at 300, like why didn't I buy it back then? Because it's all about supply and demand, right? So what's happening here, same thing. Somebody's selling it, maybe it could be a short squeeze, okay, which could be. But the stock keeps going up. And what you need to know is where are those sellers and where they want to get out. And if they do break out, you could always keep buying it. But the chart's not going to show you that because look at the stock, it went to 11. And that's what causes, that's what happened here. It could have been a short squeeze. Seller got executed, seller got executed, seller got executed, by the way, if you don't know what a short squeeze is, I have a whole video on explaining it, okay? By the way, I love short squeezes. I love short squeezes. I love people getting squeezed. But I want to hear you explain it what it is because that's like a 30 minute conversation its own. But when you want to try to understand what breakouts are, this is a breakout. This is what drives these stocks go up and that's how you see these stocks go from like $9 to $11, $12 a share. Now what I want to show you, I want to show you a couple of stocks that we've been trading today and yesterday. So I want to bring on my execution system. One of the stocks that's moving pretty nicely is you. Now you signed this big contract with Apple. They got these new headsets, $1,500. Now who in their right mind will buy a $1,500 headset? Guess what?  Now by looking at this stock, you're probably thinking about it, okay, well what's driving it up? Is it too late to buy it? Should I get out of it? Well, I want to show you something here on the IntraJS chart. So this stock started around 10 o'clock and you could see it ran from $38 and shot all the way up to $42. Now, probably, let me just, I got to fix something here for a second. Okay, so why did it stop at 42? And what's all this stuff right here, what we call that a higher high? Why did it keep breaking higher highs and then finally didn't want to make a new high at 42 and finally now we're back down to 40, okay? Well, it's very simple. I'm going to bring a book map right here. I'm going to show you. You see all these big red lines? It was big sellers at 40. You got executed. Then all of a sudden there was a seller at 41 and then he decided to change his mind and he lowered his offer and he dropped down to 41.20 and that's why that stock went to 41.20 and backed off. What ended up happening, he disappeared. Okay, he disappeared, he got executed and that seller was not there and then only the next seller was out there was at 42. So the whole idea is having a game plan. By having that game plan and no way those resistance levels that's where you need to get out at all times because guess what? You break through a ceiling there's going to be a new ceiling. So let someone else break it because you could always buy it back because owning the stock at 38 and selling at 40 is a pretty big profit and you don't want to take a chance that it's not going to break it but if it does break it I'll be happy 40.50, 40.20 because I see the next seller at 41 that's another dollar move. I'll take it and sure enough what it do, it went right there and it came back off. And guess what? If it broke through that 41.20 looks like the next biggest seller is at 42 and that is why fellow traders you're getting this. So if I was to draw my trend lines and show you what we're looking at at those resistance levels those resistance levels that you see here on the chart are the resistance levels that you're seeing that was dictated by the future of those orders. Let me do one more to show you how like I said how much I drool over this platform. Is AI good? Yeah, AI, okay. AI maybe. AI you could see here when I zoom in and zoom out there are some big iceberg orders here at 40 you could see how the stock had big support levels right here at 41 and then you could see there was resistance levels here at 42 almost 43 broke through it got executed and then a new order showed up right here at 40 so when you're wondering how the stock went from 43 up to 40 that's the reason why and that guy is still out there for 32,000 shares now the stock is going down all of a sudden a buyer showed up now at 42 and listen that previous resistance level was at 43 if he's not there it's going to the next one and you could see it that's where he showed up and that's why we're hovering right around this price at 42 then the next buyer is here to 17,000 shares right around here at 41.50 and then you have to deal with the 24,000 share at here at 41 and if you zoom out what's nice about it as a long-term trader if you zoom out you could see even the long-term trades look at $50 at $36 so can you apply this towards your long-term trades? Absolutely this is what you can't do on the other platforms you're a good start you work great but not this intense Tesla was pretty good this Tesla trade right here long-term big big $175,000 share seller at $270 $180,000 share seller at $168,000 and you can see some big sales at $168,000 and if you zoom in a little closer now you can see a little bit more of these trends there's that guy you could see here in the morning it almost got close to that big buyer of $130,000 shares at $250,000 and that's the reason why it bounced and then you had a couple of sellers out here that's what drove it down I don't know how much more to explain it but the writing is on the wall and this is why we love Bookmap now with that said I want to invite all of you to come side by side and see how to find these stocks in the morning and you can meet all the traders and see listen the other people that you've trained well at it we're going to introduce you to them now with anything else you've got to learn before you can earn when it comes to trading and this is why Cybertrain University has been endorsed by more brokerage firms in any school in the industry and let me tell you something ladies and gentlemen these brokerage firms they don't screw around they do background checks on us they do credit checks on our employees they check our students see how well they do and let me tell you they want you to succeed because if you succeed you'll be a client there forever now Cybergroup Trading Room is something I started 30 years ago I don't know if anyone here ever heard of PropTradings but I took that whole concept of a PropTrading and I put it online and you'll see it pop all over the place but we kind of perfected it and launched a new product out there so if you've seen somewhere if you've pointed this in the past you're going to see we just implemented a whole new technology part of it that's going to help you learn faster, easier and quicker now we start our live audio broadcast at 9am in the morning we go up until about 10.30 and then we'll continue we'll start commentary from 2.30 to 4. the first hour and the last hour are the most volatile times in the market we still got big movement in the middle of the day and we don't shut the trading room down we're still commentarying there but we do our main audio broadcast or at those two times now this is what it's going to cost you okay listen I'm not looking for free people because there's no free lunches but this is what promotion I'm going to do get your phone right now scan that QR code and just name your price that's it, that's all I ask whatever you want to pay me to get into my trading room you could pay me for it because what I'm looking for is serious traders okay and guess what if you do your week trial I'll give you money back if you feel I wasted your time alright but I'm looking for serious traders I'm not asking for any minimum dollar amount if you think I'm worth a thousand dollars pay me a thousand, pay me a hundred, pay me a hundred you want to pay me a dollar, pay me a dollar okay if you want to pay me zero, I'm not letting you in that's about it money back guarantee you're going to get free commentary you're going to get the workshops we're going to get your workshops on how we customize the book map also Nasdaq trader and also as a bonus if you do register right now for the first 20 people to register I'll be happy to do a free consultation with you so guess what have you ever spoken to the owner of a company well here's your chance doing it now you're probably asking why would I even waste my time doing that I'll tell you why I need to interview you okay I need to see if you're qualified to do this and I'm going to tell you point blank and you might not like what you hear but I'd rather someone's got to tell you the truth before you get there you need to see what's going on in the trading room and all you have to do is register meet the other traders see the professionalism, the customer service everything we offer here and see why we're the most popular school for the past 30 years you know teaching people you know why we have a 5 star rating on Google which is unheard of so anyway name your price and I'll get you in a trading room and we'll show you how to use the book map you'll see what we'll post the links on there we'll show you how to find these stocks we'll show you exactly how to do the pre-market trade, aftermarket trade how to shadow market makers all that good stuff and that pretty much does it now if anyone has any questions Bruce maybe you could tell me and you could jump in here I'll be happy to answer them why everyone's sitting there registering it oh by the way if you're watching this on YouTube and maybe you're watching the recording of it don't worry about it you still have access to that okay you still have access to that promo alright yeah we got some questions for you Fausto sure no problem let's see here so first off Tesla any kind of insights on Tesla so we've been trading Tesla for the past I mean Tesla's been on a really good run for the past month and a half I think everyone pretty much knows that where's my Tesla trade right here so Tesla the thing about Tesla you have to understand it depends on what kind of trade you're doing you're doing a swing trade you're doing a day trade on it as the day trade goes it looks like it's breaking down right now that's what it looks like I mean the stock is up literally up almost 100% the things on have been a big big tear Tesla's gonna be testing some you know testing some major resistance there's a big resistance right around 300 which is nice if you can go up another 30 points but once again I'm not here to say where it's going other than as the bookmark tells me where it's going because I'm there to follow the orders you know in the order say they're out I'm out if the order say I'm in I'm in that's how you trade it and that goes with any stock excellent excellent all right Danny's asking about see to see to let you know looking for a sweep down and what you're looking for on the sweep down so the big sweep you mean like as a stock crashing yeah yeah I guess a breakdown and then an order order book sweep of just like you know larger players dumping basically so we had a couple of stocks today we're making some big moves I'm gonna bring up this one right here WETG this stock had a unbelievable move in pre-market it went from $8 and you can see here by 930 the stock I'm sorry the stock went all the way up to a price around $22 okay now there are a lot of things we look at we look at stocks get halted you know they go they're volatility to the stock sometimes we'll teach you a little bit more about what is how many outstanding shares are out there you know who's pushing it up because at first stock the goal of that high you know that fast and that short period of time obviously there's always going to people take profits and then it's faulting so it's all about seeing you know we look at the book map platform is like one of the classes I'll teach you is called a ladder effect I think I showed you a little bit of it is somebody keep you know pushing it down are they keep are they keep offering their price lower and lower and lower and that's some of the styles that we look for so it's a little bit more of a ladder effect okay any other question yes how do you know if a level on book map will hold how do I know a book map will hold well that also is a very good question I will kind of look at now bring up so you see how a stock when it gets almost right to it and you could see the bulls if they're getting filled or not it almost got to it and maybe someone saw it and said second thoughts that is something to look at another thing is as we get close to that number if that order starts getting executed and that 136,000 shares starts dropping that means that big block order is getting executed that's something I kind of focus on it's almost like simple math you know so it's all about just seeing if orders are getting close to it not getting executed or if they are getting executed and knowing how to get out and that's how they break down and just to kind of maybe help clarify on that when you when you mean simple math I mean really what you're talking about is just the condition of the auction and the orders the number of orders if there's a massive amount of orders and the aggressive sellers don't tangle with it then this is telling you something like here, here's a good stock that we've been trading it's been on a really nice trap run plug you see how that big dark red right there and all those big orders out there and you see that you see over here in the bottom how this volume bar started kicking in all of a sudden and then all those little bulls are not as green they're more red that means that guy is getting executed and if you didn't as much as it was support levels if you didn't have that game plan didn't get out here at 11 guess what now you're at 1160 and you just do 40 cents like that so that's how you know stocks break out a breaking down because you got hit you got hit you got hit not only that but it started getting lighter lighter and lighter and the orders kept getting filled and filled and filled until let go and boom the think tank okay and another question here about your strategies and the viability with options so listen you could date trade options too but the thing is you don't want to be a poor man playing a rich man's game and don't take this in the wrong way but a lot of people trade options for the wrong reasons they feel like you know here you are bringing a lot of Tesla and then someone's going to be like well I can't afford to buy a $260 stock let me just buy the option that's not the way you do things okay there are so many stocks out there to trade so if you want to be a good options trader you first have to be a good stock trader first because it's the movement of the stock that makes an option move and sometimes you don't have to trade that option you could just trade the stock because it's less risk more reward tighter spreads and so on so that's a misconception a lot of people get you know Bruce when people go out there and we do trade options on trading room because like I'll give you an example yesterday we traded we traded what was it the AI you know and AI the options went from $2 to $8 you know what I mean like that's unheard of but yeah it happens but you could have caught on to that by just seeing what you could just by seeing the you know just see what the stock was doing because remember the options going to be delayed so if you knew how to trade the stock you'd be like oh my god that good options played out there let me jump on before someone takes them out that's how things work alright any other question yeah let's see here um and then John is asking about I guess any indicators that you're looking for you know you answered that early on you don't really look at indicators you're looking at the price action you're looking at the order flow the only indicator that I use okay there's the only indicator I use I'm gonna show it to you right now right everyone has it is this one right here the big percentage gainers and losers that you could call I don't know if you want to call it an indicator or whatever but that is basically what I'm looking at like for example look at the stock right here VERRA this stock is trending up everyone's issue is they don't know how to find these stocks that's what we're looking for okay that's the only thing I'm looking at so it's that I see if those orders are still out there on book map so listen could it continue to go higher I don't know I gotta check on book map and see who's out there selling who's buying it but the only thing I'm using is that listen you start implementing indicators yet another indicator yet another indicator and then this person is gonna tell you're an indicator backwards and then that indicator could break up to five different type of indicators on one indicator there are thousands of indicators out there and then you're gonna realize what makes an indicator move okay is some mathematician who invented it and it's gonna focus too much on the past let's focus on the future and the future is follow the money so let me end with that and like I said just register and get in the training we'll show you how it works and you'll see how to keep things simple because the other issue people have is they make things too complicated and when you start implementing all this stuff in there you're just gonna get lost and then you're gonna get delayed and you're stuck in these positions and the last thing you wanna do is own a stock and didn't take a loss because that one stock could put you out of business because the goal is not to learn how to make it like I said earlier it's learning how to learn how to lose so once you learn how to do that you'll which fix that problem the winners take care of themselves but you gotta learn how to simplify things first alright so anyway thanks for watching Bruce thanks for having me listen like Bruce said I'm here live every once a month I'll have some other contents talking about it and if you're watching YouTube feel free to join scan in and listen we're live every morning too register for our YouTube channel we're live every morning at 9am and 2.30 for about 10 minutes telling you this is the watch list and also on Twitter we broadcast on LinkedIn we broadcast live on Instagram so if you aren't any of those channels you know you want to see how we find these stocks how we pre-market and how to get ready to close as your opportunity but better yet just click over here but you gotta start somewhere everyone so anyone thank everyone for being here enjoy rest of your day and hopefully see you all in the trading room


Alrighty, let's play this in full here. No sound, but I can do a pa-pong. And there's gonna be a la-la-la-la-la-la-la-la.  And, and, cool. Alright, so definitely new ending here. Some good stuff overall. So here are my thoughts. I think generally it works. I think, because you're asking here how far you want me to take it or how far you want to go and when to move on. I think my main thing is that if it's an exercise, it just kind of depends how much you want to learn from it and how soon you are willing to move on. For me, it's things like from a technical point of view, when you wake up here, it's just a moment where it gets very sharp. In terms of that body stopping, the legs stopping at the same time, kind of on a linear key. And then having a bit of a droop. It's kind of like another moving hold, it's also a bit of a drift back. And then that could have a bit more of a snappy timing on the exit. It's kind of like, not that fast, but just a bit faster. This is all cool. And then we're back into kind of step mode. So I would definitely continue if you want to present that somewhere so it's not too much of a mix. This feels a bit soft in terms of a couple of things. A, he gets up a bit one axis. It would be neat to get him slightly. Depends how far you want to go. To me, it would be like this shoulder lower, so that this side comes up first, head a bit more towards us, and then he gets into this position. And then on this arm raise, like there's nothing else happening here. I would have a little bit of move this way. Like when it's a roll to his side over, and then the same thing here, a bit more, and then you can come back and a bit of a rotation in Y. Just giving it a bit more complexity. It still is a bit simple. And he gets up here, and especially the face. This feels more like, yeah, as opposed to, that hurts. And then on this here, watch out. I think we're a bit low with the pupils. Kind of starting to lose them. I don't mind having an anticipation like this, where he gets ready. But then I would make it zippier. Once you're here, it's faster. I feel like I'm seeing this shape a lot, as opposed to feeling it. It's too slow where this stretch feels more like a character that's off-model. This is cool. I like that you have a shake-shake, and then up. I feel like where he shakes is always a bit different. I think that's pretty good, but the face still seems a bit too timid in here. I see some stuff in there, but then the lids are covering the eyes a bit. The manic pain is not quite there. And I think these guys at the inner brows are going to lower the cross, where I might keep that into one shape a bit more. This feels a bit much here, but it's mostly the eyelids. Is it going too high? It looks a bit too high. But at that point, I would have a bit of a snarl, and get a teeth. And then you can always relax, so then you can come back into it here. But even this feels a bit much. At least it's fast enough. To me, it just feels a bit uniform, where I would give this a bit more of a graphic shape with the taper at the bottom, or a taper here, whitening at the bottom. And then this here, so it's done. That's okay. It just feels a bit poppy in some of the frames here. I think you might go back into some stepped area. This is a linear key. It's off some offset, so I'm moving at the same time. A bit too high, twin there. Give this a bit of a tangent. Give this a bit of a different pose. And a bit softer on your hold. It's more like... It's almost like you want to hold this for a couple more frames. And hold, hold, hold, hold. And then it goes into... And then it gets a bit harsh again, where this is a bit of a... If you track the eyebrow part, as it comes down, it's a bit of a sticky right through there, in 2D space. And then suddenly it pops up, it's a linear key there. And then it really stops, up here, coming back. And then it gets really stiff. All of this is one piece of geometry. That needs to have a bit more of a breakup. And then same thing here, as we end on that slide, everything is moving as one piece. And ending a bit harshly. And suddenly you have this move in the arm that doesn't quite move this section enough. And then it's a bit of a mix of a quick move that's stopping a bit quickly. Then with kind of a drift, it doesn't quite mesh well with a moving hold. See? Yeah, it feels like... It goes down in one axis, stop, and then it drifts this way as opposed to continuing where that momentum went in that direction a bit more. It feels a bit too much like this to me. And in this I would milk again. I would have this, and watch out, it looks kind of this way. Make sure it looks at this. And I would hold this a bit, hold this a bit, and then faster on the downs. Oh, you... really stop it. And then... And then what I would do personally, what I would do is go down and then lock it. Don't have any movements. It's basically, he stops the whole thing with the finger. But then you have like a slow tremble, high frequency as it gets bigger. Like that vibrating puck here starts to vibrate more and more and more and more. And that's when it goes through here, into the elbow, into here, and then fanning out here and more and more of these pieces are moving. And then it breaks. But I do like that. It goes, whoa! And it seems like he is saving his switch. But I like that it escalates into him going... But it feels a bit too... too fast in terms of this is moving, drops down and immediately goes here. And I guess, I mean, if this is his price object here, that he would immediately react to it, but there's something beat-wise I feel like he wants to go and hold a bit, looking here and goes, wait, oh no, just even if it's a couple of frames of wait, looking here, darting, and then over here. And then he goes out into that. Subjectively. That's what I would have for all of this. All right. Let me know if that makes sense. Thanks. All right. There's an email. You can sign up. You can start whenever you want. You can submit whatever you want. 16 submissions. Either way, a like and subscribe would be awesome. All right. Thank you.


What's the most liminal backroom's level? So of course, there's the pool rooms, which I mean, it pretty much speaks for itself. It's a never-ending labyrinth of tiles and walls and floors that are filled with a soft blue water. It's definitely a great liminal space, but then there's also level 18, which manifests itself as a childhood core memory that anybody has. And most people tend to remember things that look very liminal. But I think that the most liminal level of all time is level 94. Just look at these pictures. It's unnerving, it's uncandy, and it just seems so lonely and nostalgic. Let me know your thoughts in the comments below.


My name is Josh Chakab and I am an engineer who developed some of this technology, but this is really showing the Lotus NXT glass, which- Is this just the sheet of glass there? Nope. This is Gorilla Glass. The Lotus NXT is in the high resolution displays made by AUO that is in here. And that enables, our Lotus NXT enables very dense pixels and those dense pixels are about 1,045 pixels per inch. And this is incorporated into an augmented reality demonstration using Gorilla Glass and our design, sorry, for the optics that go beneath it. Nice. And so actually the side that you look through is through here. I don't know if you can get in to see it, but. So it's very important to have super high pixel density on this kind of application. So right, because that enables you to have a small display which shrinks the size of the system. Is like a 1080p there or even more? Yeah, this is 1920 by 1080 or the displays. So the Lotus NXT material is what allows the backplane to be able to have very small pixels on it, less than 25 microns. This is lower is better? Yeah, so it's a total pitch variation, the total thickness variation and also the coefficient of thermal expansion allows you to make very fine features on the backplane. So my name is Ellen. I'm here at the Corning booth launching the new Corning Astro-Glass. The Corning Astro-Glass is a backplane TFT glass substrate. Here we have a corner of a television that we've cut in half and you can see the backplane TFT substrate is this stack of glass right here. These are color filter and TFT backplane substrates along with the optical stack and the LGP. This is what the inside of the television looks like. You were to cut the corner off of it. So Corning is glass company, right? And that goes all over the electronics all the time? And why is it so important to have the glass? So the glass substrate is what actually enables the panel makers to make the TFT that is required for the display that you actually watch. So the Astro-Glass is like I said a backplane substrate. It's specifically designed for the Oxide TFT process. So we have designed the substrate to do three very specific things in customers' processes. Those three things are one, it's designed to be very dimensionally stable. Which is important because when the customer takes the glass and puts it through their panel making process, they want to make sure that they have low total pitch variations. So if you want to take a look at that. This plate here, we're showing the difference between low total pitch variation and high total pitch variation. And so you can see here these lines are the TFT and the color of the RGB are the pixels. And so low total pitch variation glass keeps the alignment very nicely for the panel maker. This is like enlarged by a million times. And this is a high total pitch variation. You can see that the pixels don't align very well with the TFT. So the point is to make sure that when the panel maker puts our glass through their process that they have good alignment and good panel economics in their process. So what does it improve on the TV to have astro glass? So right now what's happening is panel makers are moving from amorphous polysilicon to an Oxide TFT process as they're going to higher resolution faster refresh rate panels. So the substrate is specifically designed to enable them to move to these really large form factor high resolution televisions. So what's the main advantage of going to oxide instead of the amorphous silicon? So when you're moving from amorphous silicon to a process like Oxide TFT, you're required to do so for high resolution and it's because it increases the electron mobility. It's what allows the panel makers to really increase the resolution to these super high. Is this an AK? This is an AK. So this is basically enabling AK. This is enabling Oxide TFT for 4K and AK tolerance. And also better 4K. And better 4K. And does it provide better transmission of the luminance, the colors or something? It is specifically designed for dimensional stability for Oxide TFT and lower light linkage. I wouldn't say it's higher transmission relative to Oxide. What are you talking about here? So here we're showing the difference when you go in pixel, so in resolution when you go from full HD to 4K to 8K and so you can see the crispness and the picture quality as you go from the lower resolution to the higher resolution. And this is what the backplane substrate, the corny ash glass backplane substrate that we're making enables for panel makers. Does this go just on TV market or a whole bunch of other stuff? Cans, tablets, notebooks, anybody that's using Oxide TFT for the panel making process. Is it going to be on smartphones? Probably not. We have Lotus NXT Glass which is geared specifically for LTPS, which is what is used for smartphones currently. All right. Thanks a lot. All right. Awesome. Let's go around here. Hi. Hi. Hi. So who are you? My name's Claire. And what are you showing here? Okay. So today we are demoing this Irish glass which is Glass Like I Play and now we have this three monitors being commercially available in the market. We have 24 inch and 27 inch here and Glass Like I Play actually is a material that you use like I play to guide a light through. And the reason that glass is so good is because glass doesn't absorb moisture and also if you are under this high temperature or high humid environment, glass will not spin. So with this, it can give you a very slim design and also narrow back up. Is this what you're talking about here? This stuff? Yes. So which one is your tech here? This is just like the demo here that we can do this, this is extraction pattern how we extract light and this is the dark size that we're talking about, 200 microns and we can also make dark size as small as 36 microns. With this, you can have even brighter set to enable to increase your brightness by 10%. So it increases the brightness on the PC monitor market, is that what it does? We also have some model being launched in the market for TV applications as well. And so it provides the best PC monitor experience, super thin and also brighter set. We also have a narrow bezel design as you can see that you also almost cannot see the border here. So those are the currently available in the market that you can see. And this one also have QD coating on our glass because of the high temperature. So QD coating on our glass. Quantum dot? Yes. Coating? Yes. So not QD glass? How's it different? Because this QD normally if you're talking about QD display, it's QD film. So you have another film to embed it to the... So the quantum dot is on the glass? It's coated on the glass. All right. So I'm George Kellogg. I represent Corning Precision Glass Solutions, the augmented reality solutions product line which is high index glass that serves the augmented and mixed reality marketplace. So what you're looking at here are wafers of high index glass that are 150 millimeters, 200 millimeters and 300 millimeters. The first example we're illustrating is that as you go larger in wafers, your economics, your costs for your lenses that go into your AR devices will go down. You get better materialization. What I'd like to highlight is we have glasses that are greater than 1.7 refractive index. We offer in production today 1.7, 1.8, 1.9 refractive index glasses. Additionally, we have world-class metrology to ensure that we have very tight geometric tolerances and we have the ability to connect you to our Corning laser technologies for dicing of these from wafers into lenses that will go into your wearable device. We also have an example of a customer's wearable device that is used at Corning Design High Index Glass to create a wearable augmented reality device. So why do you do the glass in wafers? So wafers because the world of augmented reality, mixed reality customers are leveraging a significant installed base and capability from the semi-con industry to automatically handle and process wafers of 6, 8, and 12 inches in size. So you would do these and like those fabs that do wafers? So it would be a line constructed like a fab. It would not be a semiconductor fab, but it would be a line that has incoming gray space into a clean area. You'll clean the wafers and then you do nanolithography, dicing of the wafers and then post-processing before they're assembled into wearable. So this process here is a unique new kind of process? This process right here is using Corning existing high speed automated nano-perforation for dicing pieces out of high index glass. And what are the things that can see where those shapes? So these shapes are simulated lens sizes and they illustrate how many you would be able to achieve out of a small diameter, medium size, and larger diameter. So you get improved economics because you get much better materialization out of a larger wafer. And our customers are migrating to larger size wafers for their production process. Does it do something in terms of the experience of the AR that's unique in the market? So relative to index, that's where the experience becomes different. You can, if you go from say a 1.5 or 1.6 glass and go to high index, for each tenth of index you increase the field of view for a light design by 5%. So as you go from 1.7 to 1.8 to 1.9, each gradation will give you 5 degrees of field of view larger so the experience will be richer for the end user. So it's kind of like acting like a lens? It is in fact a lens, but the refractive index glass is really about managing an encoded photon through a waveguide structure and decoding it back to the end user. You do the waveguide too? We do not design waveguide. So there's a company making a waveguide on your glass? That's correct. They use a high refractive index resin that's matched to the glass and their proprietary design is processed on the glass through nanolithography. So it's like not printed on, but somehow added on to the glass? You might say that there's a process that's called NIL. It's a stamping process that yields the encoding and decoding gradings on the glass. There are other techniques that they can deliver the technology as well. It's not always a surface relief grading. This example is in fact. So it's very important to use Corning for the AR market? To deliver high quality imagery for the user and to provide the most convenient and aesthetically pleasing form factor, small form factor, and to deliver basically the crisp contrast and color that you expect using Corning high index glass will deliver that experience. Hi, my name is Paul Moriarty. I work for Corning Gorilla Glass. Today we're showcasing what is called selective surface etching and this is a technology using our inkjet proprietary technology on the back of the screen print to the Gorilla Glass. So what is that? That's the back of what? On the back of the Gorilla Glass. So this is actually just like a puck, on the front we have an etching called selective surface etching and this provides a lifelike feel to the texture. So if you want to take a look at it, you can actually see that the etch is to the actual image. So it provides texture somehow? How can you do that? So using the AG etching we're able to simulate the graphic image on the glass itself. Nice. You also simulate wood? Yep. So we're showing the precision of how we can do this through the wood. I'm lining with the lines in here. So that would be kind of like, let's say, in the back of potentially a phone or back of a laptop? Yeah. So we're working with our customers to see the best use case for the application. These are great for our decoration. We also are seeing different types of use cases like, say for example, for a back of the phone, a laptop, any other type of application that they're looking for. So what's great about this one is it shows how light refracts from it. As you move it, you can see how the pattern changes as well. How do you make these? It's through an etching process. So you can make huge kilometers of these quickly or it takes a long time? We usually don't comment on a supply chain, but we are able to do a process and we work with our customers now. All right. And there's also the backs of these? Yeah. So what we're introducing today is our Corning Girl Glass 6, which was launched last year. And this is a Glass 6 5. 15 consecutive drops onto rough surfaces on average from 1 meter drops. Nice. So you don't just do the front of the phones, you do the backs? Yeah. So we actually do both the front and the back application. A lot of customers like to use a wireless charging capability along with 4 5G networks. It's great for transmission connectivity.


All of these people had their lives ruined, either by being falsely accused or being treated with severe prejudice, and some of them were brutally murdered. We've done it for centuries, millennia even. The entirety of human history is filled with stories of people who faced public ostracism, imprisonment, and violence at the hands of angry mobs fueled by misinformation. And we're still doing it today. In our recent episode on The Matrix, I talked about the way that biased and unreliable media, restrictive social networks, and authoritarian governments distort people's understanding of the world. If most of what you believe about an individual, a group, or any other aspect of the world is false, your judgments and decisions are going to be impaired. And in many cases, that can lead to a lot of harm being done to innocent people. Today on this series, we're going to take a serious look at the most effective ways to solve this problem. And I figured that the best way to explain this without bumming everybody out would be to talk about it in the context of one of my favorite horror comedies, Tucker and Dale vs. Evil. If you'll give me about 10 minutes of your time, I promise you'll see how all these things connect. So join me and settle in for this short edition of Out of Frame. Before I get started, note that there will be a few spoilers for the movie, but don't worry, nothing I'm going to say will ruin it for you. Tucker and Dale vs. Evil is a hilarious film about a couple of good buddies trying to do the right thing. These self-proclaimed hillbillies, played by Alan Tudyk and Tyler Labine, are just heading out to fix their newly acquired fishing cabin in West Virginia. When they run into a group of very clean, very preppy college kids who are on their way to a camping trip in the same area. Dale isn't great with the ladies, but he attempts to strike up a conversation with one of the girls anyway. It doesn't go well. Based almost entirely on their appearance, accents, and other obvious markers of social status, the college kids seem to think that Tucker and Dale are creepy, rapacious, possibly murderous freak shows. Later that night, their ringleader Chad reinforces that prejudice by telling spooky stories about another group of college kids just like them that got brutally massacred by Evil Hillbillies 20 years ago. Meanwhile, Tucker and Dale are just going about their business, trying to fix up the cabin and get out on the water to relax after a hard day's work. But when they end up saving Allison, the girl Dale was attracted to from drowning, her friends immediately rushed to judgment and assumed that the creepy rednecks kidnapped her. So they gear up to storm the cabin and rescue Allison instead of, say, calling the police or simply knocking on the door. They can't. Not because Tucker and Dale are bad guys. They're both sweethearts. But because the college crew's thoughtless prejudice makes them reckless and a danger to themselves and each other. As their misguided and incompetent efforts to rescue Allison lead to a hysterical number of improbable but definitely accidental deaths, Chad is revealed to be the very thing he claimed Tucker and Dale were. A homicidal maniac. There might be a lesson in here about psychological projection and gaslighting, but this kind of torch and pitchfork mob mentality is exactly why upholding the presumption of innocence and the right to due process is important. I've talked about due process on this show before, so it's been incredibly sad and frustrating that some people have come out so strongly against it, particularly during the high-profile events and criminal trials we've seen over the last few years. It seems that a whole lot of folks only support legitimate standards of justice, charity, and compassion for people accused of any sort of wrongdoing, including simply wrongthink if those people are aligned with their politics. The thing is, we've known for centuries that this is a terrible way to operate. In fact, the justice system in America was explicitly designed with due process standards at its core to protect the accused from the possible error or malice of his or her accusers. Principles like the presumption of innocence, the right to face accusers in an open forum, where the alleged crimes are specifically stated, impartial review of the evidence, and the assurance that everyone gets a fair hearing before losing their life, liberty, or property are the very essence of true justice. Whether you're in a courtroom or not, skipping over all that because you don't like the accused doesn't make you a justice warrior. It makes you a supporter of injustice. It's honestly shocking to see people dismiss this stuff as unimportant. Yes, that pesky Bill of Rights protected Derek Chauvin, no matter what you might think of him. That same Bill of Rights protected A.J. Coffey, who was ultimately found not guilty of murder for defending himself against what turned out to be a SWAT raid. Legal protections for those accused of a crime have to be for everybody. We can't pick and choose who gets to have an impartial trial and who doesn't, and we certainly shouldn't be making those decisions based on who it's fashionable to hate today. We need a system that limits the number of innocent people being stripped of their liberty and livelihoods as a result of other people's biases, bad information, and ill intent. That means, in or outside of the legal system, we should all be concerned when mobs rush to judgment. In Tucker and Dale vs. Evil, the college kids decided it was okay to hate the hillbillies. Chad grew up being told that people who looked and sounded like Tucker and Dale did terrible things to his family, and one of them had, but he used his prejudice as an excuse for his own bad actions. Chad's single-minded insistence that because one hillbilly was evil, they all are and should be punished ultimately leads to a bunch of people dying in horrible ways. At the same time, even though Allison was understandably scared and confused when she woke up in a strange place with the weird guys from the gas station, she didn't let her prejudices overwhelm her humanity. Separated from her friends and the peer pressure and misinformation that she was surrounded by, Allison actually gives Dale a chance to explain himself, and as socially awkward as he is, the two manage to bond and form a new friendship. The college crew all misunderstood what happened to Allison, and they never bothered to find out the truth. When they did finally talk to Allison, they dismissed her explanations as Stockholm Syndrome, and carry on with their insane plan anyway. A similar reaction happened regarding the trial of Kyle Rittenhouse last month. Tons of people were so desperate to believe the misinformation they were told about what happened in Kenosha that even after the trial, which was publicly live-streamed and debunked many of the things people had been saying on the news and on social media, a lot of those folks insisted on clinging to the lies they'd been fed. When the not guilty verdict came in, some of them even wondered if Rittenhouse could be charged and tried again, in complete defiance of constitutional protections against double jeopardy. Once a mob rushes to judgment, the beliefs and ideas that got them riled up are extremely difficult to dispel. But so often, the alleged facts and assumptions that ignite some initial outrage turn out to be wrong. Rittenhouse, Sandman, Jesse Smollett, Pizza Gate, and QAnon, the Russia collusion narrative, and border patrol whipping refugees from horseback are some obvious recent examples. But it's just always the case that a lot of the information that gets frantically reported turns out to be false. The horrific shooting at the Pulse nightclub in 2016 wasn't an anti-gay hate crime. There's also no evidence that the 2021 shootings at Atlanta Massage Parlers were motivated by anti-Asian hate, and yet that sparked weeks of media coverage. We've seen high-profile rape accusations against the Duke Lacrosse team, Paul Nungeser, Brett Kavanaugh, Anthony Broadwater, and others that turned out to be false. And I'm sure you've seen, and maybe even believe, credulous reporting of bad statistics about the dangers faced by young women in America that were deliberately created to mislead. And while I'm skewering sacred cows, it's indisputable that voter fraud exists, but there isn't much good evidence it affected the outcome of the 2020 election. But it's also nonsense to call what happened on January 6th an insurrection or a threat to democracy, and a lot of what the media told people about that was completely wrong. No matter who you are, when you rush to judgment you're going to make mistakes, and those mistakes might have serious consequences. Yes, sometimes upholding due process will benefit people who turn out to be guilty, and too often these principles are applied incorrectly or inconsistently. We should all be extremely aware that our system isn't perfect, and has historically been used in deeply unfair ways. But establishing methods to check mob outrage is the key to genuine justice, so the solution to inequities in the system must be about doing better, not doing away with those kinds of protections. Justice for those who've been wronged cannot come from injustice to those who are not. These ideas are for everybody, regardless of how you think they look or how guilty you think they are beforehand. Even the people you don't like, even the people you disagree with. So as we close out the year, give your fellow human beings the same consideration that you would want for yourself. Hey everybody, thanks for watching this episode of Out of Frame. Just so you know, we're not going to be doing a new episode at the beginning of January, so this is the last one we're going to do for a few weeks. But I hope you've enjoyed it, and tell all your friends about the show. For those looking to participate in ripping conversation about Out of Frame, movies, TV, politics, philosophy, and all kinds of other things, I'd encourage you all to join our Discord server. And if you're a fan of the show, please consider supporting us on Patreon or Subscribestar. It'll give you access to special bonus content, swag, a private channel on Discord, and more. And it will help us keep making Out of Frame every month. Either way, please don't forget to like this video, subscribe to the channel, and ring that bell icon, join our email list, and follow us on all the social media so you never miss an episode. Thanks for watching, and I'll see you next year.


Hello in this lecture we will define gross method according to fundamental accounting principles while 22nd edition the definition of gross method is method of recording purchases at the full invoice price without deducting any cash discount. So we're thinking about the gross method in terms of purchasing inventory recording that inventory at the full price not taking account of the discount at the time we purchase it taking account of the discount if we pay within the discounted time period for example where their owner over here were purchasing inventory in case of ink in this case cost 6500 we have the terms up here from the vendor this means 2% discount if we pay within 10 days otherwise we're going to pay within 30 days if we didn't have this discount the 2% then we would probably try to pay within the 30 days in order to pay as late as possible because of the time value of money given the discount the question is do we plan on paying within the 10 days or do we plan on paying after the 30 days how should we record the 6500 when we actually receive the goods should we report it at the 6500 or should we report it at the 6500 less the 2% discount if we're looking at the gross method we are going to put it on at the full price meaning we'll put it on the books at the 6500 not taking the 2% discount at the time we put it on the books this is the method that most textbooks will often use when discussing the cash discount then if we happen to pay within that 10 day time period we will account for the discount at the time of payment therefore when we put this inventory on the books we're going to debit the inventory 6500 that we purchased we're going to credit the accounts payable the iou for the 6500 if we pay after the 10 days but before the 30 days then the second transaction will be straightforward we're just going to pay the cash out and reduce the payable for that 6500 if however we pay within 10 days then we are going to have to account for that 2% discount meaning the cash that we pay will not be 6500 it'll be 6500 less the 2% discount that we will pay off we will have to take the full 6500 off the books out of accounts payable and then we'll have to account for that discount by decreasing the inventory the assets by that discount because we have put the asset on the books at 6500 it really needs to be on the books at the 6500 less the discount so really what we're talking about here with this method is what will the assumption be are we assuming that we are going to take the discount and pay within the 10 days in which case it might be best for us to put it on the books net of the discount or the growth method the growth method saying that we plan on paying after the 10 days but before the 30 days meaning we're going to put it on the books at the time of purchase at the full price