Hello Traders, good morning. Welcome to another live bookmap webinar. Today we're joined by Scott Pulsini, a professional futures trader with a ton of experience in bookmap and autoflow trading. This session is held every Thursday at 10 a.m. Eastern Time and forms part of our free education here at bookmap. Once we get going feel free to ask questions. You can use the YouTube chat or the advanced webinar discord channel. I'll do my best to get through them all. Before we jump into the live analysis with Scott just need to run through a couple of things. You can find out more about Scott on his website scottpulsinitrader.com and you can connect with him on Twitter Scott Pulsini TR1. Any questions that I missed today feel free to reach out directly to Scott with an email scott at scottpulsinitrader.com and the disclosure. All bookmap limited materials information and presentations are for educational purposes only and should not be considered specific investment advice nor recommendations. Live trading is in simulation demo paper trading mode and strictly for educational purposes. Live trading executed in simulation cannot accurately represent realistic trading performance. Trading futures equities and digital currencies involves substantial risk of loss and is not suitable for all investors. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one's financial security and lifestyle only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. Okay, Scott, are you there, sir? Yes, hear me? Yes, I hear you, are you? Show my screen here. Okay, yep, you're good to go, Scott. Gold stock stock by GC 514 contracts. All right, so there's some large rights that came in here right after the open. You can see that wasn't the threshold. So these four I made into one pretty large zone. This is almost a 10-point zone. You can see here, so it's my thresholds, meaning the amount of size that I will trade off on this sub chart here. 700 is my threshold for, yes, this was 755, another close to 700, 800. Right, so that's like 2200 and then he had this as well, another 700. So it's almost 3,000 buy ice in this area that obviously is very important. I actually had to run downstairs and I missed this. I should already be short this market because of the way I trade these setups is I can either aggressively or conservatively off of the volume set up. So aggressive would be the minute this moves 110% of a 5-minute ATR outside of here, I will short it or I will wait for a full ATR, a retest of failure, and I will short it. I actually would have been short right here. So I'd be going through this torture right now. I'm not short yet. You know, there is ACB guy talking right now and a Fed dude I think is still chirping.  So when these guys are talking, you may want to elect not to trade. The problem is they talk nonstop all day, every day. It's unbelievable. I don't remember this ever in my 25-year trading career that these Fed guys would just talk one after another after another every single day. So it's a little annoying to tell you the truth. I mean, it is what it is, but you know, what is the point of the beige book and everything else if they just talk nonstop? I can't tell you how much money I've lost on them saying something and you have these algos that are key to these keywords, right? So, for instance, like I got stopped out, I was in one of my reversion trades a little bit ago and this is in my trade room. This is the scrap box we look at. You can see here this, where was it? GP Morgan right here. This is just, you guys, this is trading. This is what happens. These are markets, but then you've got to accept it, but I had a trade on and then that comes out and I was short and the market just rips right through my stop, right? So that's why you need to put stops in and follow your rules because you never know and I'm sure I'll get into this rant like I do every webinar because rule number one, the five truths of trading, anything can happen, right? So I'm sure we'll go down the rant road a little later. But anyway, you can see he's still, there hasn't really been a headline for about an hour, but I'm sure he's still chirping. Let's see. Let's see what else we got today. So today is actually pretty light. We only had Collins, ECB, and then we got another ECB. These are my time. So these are, that's 11 central and then you got another 1215 brainered. That's actually an oxymoron, by the way, brain. So I joke all the time just because it's these fake guys are pretty unbelievable stuff that they come out and say, but I digress. Alright, so this is trading here. You know, I will short this. I'm not, I caught this. So this P&L is from a short from overnight that we took in my trade room yesterday right at the close or right. The setup was right at the close and I said it was basically like this. It was a broken ice setup. And I said if this market traded, it was a Titanic or I was a setup, but it was broken ice was by ice and it moved below and I said, if it retest fails, I'm going to go short my stops going to go above and that's what I did and held it all night. Obviously, I can't watch it overnight. That's the one, you know, obviously a major risk of trading overnight one headlines to, you know, if something new happens the way I trade, right? So if I'm short, so I was short overnight, well, there's that markets moving down. Actually, we can look at that on my other book map because there were instances where there were more setups, but I just wasn't watching obviously because I was sleeping.  And I usually say, you know, unless you're seeing high relative volume overnight, which actually this was here, so you can see this right. So this is a not all trading platforms have this I don't know why this is Sierra chart. This is showing you this exact time of day for last 30 days. That's the kind of relative volume I want to see, you know, think or swim relative volume and a lot of these trading platforms, they don't have that that availability. I don't know why it's so basic. But this this relative volume is just showing you the prior six, it's basing the relative volume based on the prior 60 bars. So obviously, every day at the open, you're going to get a spike in relative volume, because it's based on prior 60 bars overnight, right? So it's usually about seven to eight times normal. That's normal. You can see this was seven times normal. So I don't use this one. I don't think that's useful. Unless you know, every time period, I was telling my room is yesterday, every time period, what what normal is, right? So I know seven times is normal on this chart.  So this tells me more. So you can see at the open, there was no spike because it's basically normal for this time period for the last 30 days. So there was there was some activity here. So I probably would have used normal thresholds for this trade I had on. But if the trade, you know, if you're trading overnight, you can use most of the time half threshold. So you know, instead of 500 stop runs, you can use 500. I'm sorry, but instead of 500, you can use 250. And then the ice you can instead of 700, you can use 350. So you can see here, actually, this was, I shouldn't see any of this. But I definitely would have drawn, I started this before I went to bed, but I probably would have added to this trade on this. There are some more events here right around midnight, my time one in the morning, that's right around New York, New York's open. But my point is, you know, when you have an overnight trade on, there's stuff that's going to fire off. And the way I trade is I will trail my stop based on that new setup, right? So that is the danger. But I, the night before I was short as well, and I got stopped out, I got short right at the end of my PM webinar on my trade room, same thing. And I got stopped out because Bank of Japan came out and announced the rate decision, right? And I actually was sitting here and I knew that was coming and I rolled the dice just because I had a strong feeling this was going to happen. But this because we saw so much activity in this little balance area. And so this is, we'll get into this a little more. But, you know, when you're just staring at a bar chart, you just look at this like, oh, yeah, that's a little balance area. And we'll see what happens here. There was massive size in this area, like huge icebergs, buy, sell, stop runs, all in this little area. And I told my trade room when this breaks, the thing is going to go down. I don't want to wake up and see this is down 100 points because I want to be involved. So I got short, like right here right at the close here. And then the Bank of Japan came out at like eight o'clock by time and stopped me out. And then my trade room yesterday and then we actually, I actually did take a long year. This was not a good trade because we were into these resistance zones. We'll talk about that. But anyway, I got out and I ended up getting short for this move and then overnight I caught that move. So I knew this was common in the first try. I got stopped out because of overnight Japan stuff. But when is the money is just agreeing overnight, but you got to know if you're not going to be sitting there watching it, you're exposing yourself to new setups and new so on and so forth. But anyway, this worked out and you can see we use these. This is the second most powerful thing that I've ever used in my future straightening out the Ludwig levels. Talk about these every webinar to and I literally shorted here right at overnight. It was actually right in here at the close. And then I put my put my exit right in front of the slug and I got felt. So that's what I was shooting for and I got it. But you can see this thing bounced right off the lugs. So again, the Ludwig levels. I get emails all the time about them. Just go to her website. Ludwig levels.com is the websites from 1972. I make fun of her all the time. She really doesn't care. She says it does this job. But she's got a three free three day trial on there. You just do the trial. Say you saw there saw it on book map and you get a special pricing for that. You can try them out. But they are they are unbelievable, especially when you can put volume events, real time volume events, which are the driver of my trading at these levels. There's nothing better in my 20 years of experience. So what I was getting at here is I'm about to go short this market. Actually, I'm going to delete this real quick. I want to make sure this ATR is correct. So I trade, we'll go over this here, but current ATR in here is now spiked to 6.49. It should be if I want to short this market 1475. So this is not the best. I'm going to try this. I just missed it, of course. Actually, I will short this now. I'm okay with this because now I can travel my trap based on this new setup. So why I was reluctant to shorting right here is because the same thing would happen overnight. These lugs, I do not, I do not make a habit of trying to short into the support lug or go long into the resistance lug. These are called the major lugs, the red and the blue. And then you can see different colors as your baby lugs, but when they're all on top of each other, they're very powerful. That's why stuff like that happened. So I'm basically shorting right now with not much room before it goes in this lug, and this can easily bounce off again, right? I'm okay. I was, you know, I wanted to put on a trade for the webinar, and I'm okay shorting this even now because now I have a new setup and I don't have to risk an ATR above this zone. We'll go over these rules here shortly, but now this new setup came in so I can now cut my risk down substantially. So let's just sort of and or add to this trade and hopefully we'll get into that. If this breaks, we can add to this trade. So the way you want to draw these zones is use your little crosshair guy up here. You got to go into edit mode on here, right? And you can do your hockey. I got a hockey setup finally after like three years, because I've never told me how to do that. He loves when I tell him that. So you want to find where this spike started.  I drew my zones wrong for about three years there too. They weren't perfectly accurate. If you take this off, they are accurate. Sorry, I got my book map going on both computers. That's why you're here in the echo. Anyway, to get this line just right-click, configure visible components, last price, and then you get the last price line and it'll help you draw your zones way more accurately. So you can see here you just go to where this spiked and started right about there. And then you want to incorporate all the prices that happen in that zone. So again, I got a scroll over, so I'm just going to draw this now. I'm gonna have to adjust it. Let's just change. I use yellow for stops, yellow and white for stops, blue for buy ice, black for sell ice, just so I know that the type of setup it is. That's that. Actually, I do that pretty well for not even looking at it. So you can see this spiked all the way down to this price still during this threshold spike. My threshold for stops is 500. The bottom of the zone is 3913. The top of the zone is 3915. So we have this spreadsheet that we're using in my trade room. It has been a godsend. The guys in my room have helped me build this thing, build it out for the reversion trade we're doing. This is more of a scalping type trade. You can learn all about that in my room. I'm not doing those types of trades on these webinars. I'm doing position trades. But what you do is we enter these zone prices in here. And my short-term memory is horrific 3915. And then I put in the current ATR. What ATR am I using? I'm using the standard thinkorswim. It's a 14 period while there's ATR. You can set up, you know, different platforms have different ATRs. This is what I use. It's just this is these default ATR. And I think the five-minute is the best ATR to be using for my trading style, right? Obviously, it changes as the market's moving around, but it's usually pretty stable. You could use longer term. Like for instance, this is an hourly ATR. It's 16.89, right? For the way I trade, I'm a day trader. Do I want to risk an ATR of 17 points? No, I don't need to. I mean, if you're taking bigger trades, then yeah, you can use that. But I'm using this as a day trader. So anyway, now with this new zone, it's showing me if I were to go short off of this new zone, which I will add to this trade potentially 3906, I can stop out at 3922. So now I've reduced my risk substantially. Hopefully, I'm not stepped out. Or I would have been stopped out. So now this original zone, I didn't even put this in because I wasn't filled, but I just got filled. Now I would have had my stop an ATR plus 10% above that. Now I can move this all the way down to an ATR above, ATR plus 10% of this zone, which is now 22. Right? So you can see that it's that is cutting my risk down substantially. I could put this in. I don't know why he's not giving me this. It's like literally skipping the price that I want to put the order in. That's good enough there. All right. So now if I get stopped out, it's a small loss on the next setup, right? So that is the beauty. So you can see I'm not, even if this was moving in my favor, I'm not trailing my stop because I stopped out on that. That was, you know, I took a shot there. It didn't work. Now this is actually a bullish setup, right? Why is this a bullish setup? You guys, the reason this is moving like this, this guy is obviously still talking, right? So this is the risk you take when these clowns are talking, non-stop all day every day, right? So you can just tell when, when, the way this, yes, does not trade like this. It looks like the Nasdaq right now, right? If anybody watches the Nasdaq, it's trading like this because somebody's saying something, right? This is what you open yourself up to if you trade while guys are talking. But anyway, that, so putting in the values here, this tells me, and I can use my other strategy to just tell me if I got an ATR out of the zone. So an ATR, I already know that because I stopped out. So an ATR out of that zone was 2150. So I judge how I'm going to trade these setups if, how they react to the zone, meaning if they can get an ATR. So this one did, this is obviously, he just said something bullish. I'm not definitely not going to trade this aggressively, but if this goes like this, retest this zone, fails, I will get in at 110% of an ATR, basically right where I stopped out of this trade, right? So this is the newest volume event. The way I trade, as long as this isn't threshold here, no. As I revert to the newest volume event and then I take trades off of that. So we're kind of in no man's land, let's kind of back up and get into the bigger picture stuff. This is kind of in the middle of nowhere as far as my zones. So I draw my zones based on the four port and areas of charting, tops of bottoms of balance areas, high value knows the balance areas, directional conviction, buying and selling tells, right? So I'm actually, I'm going to get this done today or tomorrow. I'm going to have a subscription to these zones. I watch like 15 different, 17 different products, what I've heard is. So you can see on my room here and I post these every day. So if you remember my trader and you get these for free, but I will have a pretty cheap subscription. I think it'll be like 34 bucks a month or something where you can get all these zones every day where you don't have to draw on yourself, right? So you just click on, you'll just, you'll have access to the Google Drive here and then you just click on the zones and then you can put these zones on your own chart, right? But it's just, it's going to save you a lot of time, especially if you're watching multiple markets. This takes me like an hour to do every day. But anyway, you get all the, you'll get all these products and the subscription and or you can join my trade room and get them for free. So anyway, these are extremely important zones. I tell my trade room all the time. If you just wait for volume setups in these zones, you would be a extremely profitable, successful trader, right? Problem is, most people can't, like right now, I'm about to make a trade here and it's right in the middle of nowhere, right? So it's like, that's the beauty if you're watching multiple markets, you can just sit back and wait for either playbooks, which we'll get into, like I showed this last week. This is my dad-dad playbook. I just released this to the room. And what I'm going to do one a week for them, I have about 400 in my brain that I trade, but you know, you need to get this stuff down on paper and then you start keeping track of it.  Anyway, playbooks and or zones, and you just scan the markets waiting for those opportunities, right? That is like, we could say all the time, like a sniper.  And then not just that, right? So I mean, anyone could draw these zones, right? It just takes practice and takes time, but you can draw their zones, but there's, you know, when I want to know, like when this does this, it goes right through. Well, what happened there? Well, you're going to understand majority of the time what happened there. There was most likely a line that failed and the way these markets not only support and resistance, I mean, you can fade these zones on first moves into them, so on and so forth, but how the market trades at these zones also gives you information on what's going on in the day. So if this thing, you know, screws around in here and goes right through this zone, that is telling you something is because it should at least react in this zone. So we see it all the time, like for instance, this one came yesterday, this one did react in the zone, it tried to hold, tried to hold, but I told my trade room, this is the exact thing I told him yesterday, I said, heads up here, I said because this zone was drawn from, remember the four important areas of trading, here's a buying tail, here's a little tail, directional conviction out of here, right? So that's why that zone was drawn. It came down here. What was the difference between this and this versus this? Well, this one, it accepted and it just sat here for a couple of hours and I said that is telling you something's up. On top of that, I don't draw the zones most of the time for high volume nodes. Sometimes I do, I'll show you Nasdaq when I actually have it in there, I left it in there because it is high volume node but this was telling you, first of all, this was, this was yesterday, this was a fail breakout. Actually, I got long here, this was a terrible trade because I should have waited for this to clear these important resistance zones, but besides that and did that, I actually did get short here, so that was a fail breakout, that's my favorite trade and then this is another balance, balance areas are just two sided traded where traders are placing bets, longer term traders, shorter term traders, all these guys thought they had it, then it sits here for days, all these guys thought they had it, and then it does that.  The big trader in here and you see that and that, what are you doing? Get me the hell out of the trade and that's what fail breakouts do and this is exactly what should happen when that happened. So does this always happen? No, but then that gives you information as well. So if this market were to yesterday have done that, that, got through there and then recovered, I would have, I tell, I say this every day, when what you expect to happen doesn't happen, the opposite move is multiple, so if that market would have held and done that, then the move that I expected here, it would have been three, four times the other way because of what didn't happen. So that may be confusing to some of you, but it's all about coming up with a thesis and understanding how the markets react to these, to these market, market structure areas and then coming up with the thesis and then waiting for your real time volume in the direction of that trade or the direction of your thesis. So anyway, right now we're just sitting here balancing. I'm waiting, I will, I don't have a strong conviction here and if I was smart, if I'm sitting here by myself and I'm not on a webinar right now, I would say, you know what, I don't really want to mess around in no man's land, we're not in this zone, we're not in that zone, I'll just wait for one of these. But we are here, this could just sit here for days now, who knows, but when as I do have a volume event, we are, this long is actually not a bad long. I still embarrass this market, but I'm a day trader, this is not a bad long because very, very important things that I use, right? So this comes back and retest the zone that I just drew, that stop run zone. It's pretty close to that log, I can see this thing ripping back up, screwing all the shorts like it always does first, right? And then moving back up to that last zone, up here, this white zone here, right? So this zone is still important, I had a drawn, I was going to erase it today. It was this gap up and this led to this but you can see we closed right in it and gapped out of it. So this is still important. I could see this market coming back up in here again, screwing all the shorts, maybe all the way even up to here, you can even make this one bigger balance now to end going. We're even maybe the high volume note and then going, you don't know what's going to happen. You use your real-time I have events to tell you. So the point is, this is a long setup right here, I would go long. We'll see. I'm not going to go short off of this setup. Why? Well, because it already got an ATR out here and that's what disqualifies. That's how I disqualify the setups and determine whether they're bullish or bearish based on if it's able to push an ATR. This obviously got whatever this was, whatever he said, that's what caused that. That stopped me out of my short. That was definitely, it was like two ATRs and this is actually the trigger taking in my room as well. If this retest fails, I'll go long. I already know and then, you know, we look at structure to come up with thesis blah, blah, blah. Well, we know to somebody, has been buying in this area. This goes here, here, here, I'll go long and I already know these guys are kind of back in me as well and they may come in even harder and they may start to push us as this runs away here. So my point is, I'm okay with going long in this area. I don't have strong conviction. Different areas, like for instance, yesterday, I had a big problem with going long. Once that happened, I would not have gone long right there. Here, in the middle of nowhere, zone-wise, I mean, this could do anything right here. All right, so now if this goes like this and goes right through here, say the setup happened right here, what I want to go long there? No, because I just, we just talked about how it reacts to this zone. This melts right through the zone coming up. I do not want to go long right there, right? So here, not a big deal as far as not where we're at, I will take the long. It's just, now I'm just sitting wait. I am waiting for a retest of the zone and failure. So this is the, this is where you have to have some discretion or decision-making, right? Most of my stuff is pretty black and white as far as the rules. You know, how we trade these areas where you put your stops so on and so forth, but you have to determine for yourself whether you want to get in aggressively, meaning, right when I, so these are my rules, right? I force this market to get an ATR. If I'm going to go long aggressively off of the stop zone, I force this market to get an ATR plus 10% of the zone that's the aggressive entry. Or I wait for the ATR retest failure. That's the conservative entry. This is a higher percentage trade, works out. Again, these are, I don't have the exact stats from watching thousands and thousands of thousands of these. I'd say this is a 70% trade or better. There's the problem with this trade. Well, you may not, you may not get it. What if this market doesn't retest and it just goes like that? Well, that's why where you have to make the decision, are you going to wait for a retest or are you going to get in right when it breaks out of the zone? That's what you have to decide based on what you look at and so on and so forth. So this zone is the middle of nowhere and here comes the, I can't tell you, this is why we have a trade like this in my room that actually reverts back to the zone. Because it happens so often, right? So my, my rules for a retest is within 10% of an ATR. So meaning if this gets within 10% of an ATR to the top of the zone, meaning you go like so ATR right now is what 7, it's up to 7.03. So that's 7 tenths of a point, right? So if this got three quarters of, if this went to 13 and three quarters, consider that a retest, right? Sometimes, a lot of times it comes all the way back to the zone but I'm saying if it did that, that, that, well then I would put my long order in. So that did not happen yet so we just sit here and wait, this is just Algos guys. When the big money is not playing, then the Algos start taking your cash and they, they know how things going on in this area and that's when they start doing that to you, right? How many guys are even in a trade now that are being tortured? No matter which way you've been since this webinar, if you have a trade on right now, you have been tortured both ways. If you were short and you held it, and I got out per my rules but if you held it, you had to go through that. Then you think you got it. Then you don't, then you do, then you don't, then you do, right? And then if you're long, oh yeah, I got this, no I don't, yeah I do, no I don't. What do you think that is? Don't you think that these Algos, these firms build these algorithms knowing traders, one can't handle this, two trade, do the, so you get long on this move. You're like, oh yeah, the Fed, the Fed clone said something positive, I'm long. And they're like, okay, I'm gonna, I'm gonna move my stop to break even, stopped out. Right? Oh, here I go, now it's going, I'm gonna move my, my stop to break even, stopped out. Know this, and they know when nothing's going on, they can take your cash. That's, if you think there's something different happening in there, you are sadly, sadly mistaken, right? So the big money are the Algos or Sniper's, right? Because they play their games 80, 80, 90, even more percent of the time when the big money comes in, it disrupts them, right? And they're, that's all built in their trade plan, right?  They factor that in, they take their loss because they get run over and then they write back to whipsign, right? So that's, if you understand that, there's so many things you're gonna, they're gonna open up for you. One, you're not panicking on this. That's why why do you think I place? So if I were, say short on that, why do you think I place my stop and ATR out of that zone? So I don't have to be stopped out on nonsense when nothing is going on. All right, that's a little bit of a rant. So I'm still waiting for a retest here. What did I say? Did I say 1375? I'm sorry, I meant 1575. That got real close. But that zone is at 15. Save it down there. By one tick. So I did not retest, technically retest the zone by one tick. So I'll, I'll be patient here and wait. It's like a Nasdaq bigger picture. Well, we watch paint try. So this is an example of where I said I don't draw zones in high volume nodes. Well, I left this, this was from stuff over here, selling tail directional conviction down. I left it in. There was a bunch of stuff that happened here. But then it started trading through it. So once you start trading through the zones back and forth, well, they're no longer like important. This is one of them, but I left it wide. I leave it because when you draw this balance area, it is right in the middle of it, aka H, B, and high volume node, it's where the most trade occurred in a balance area. Right. So I left it there and you can see this market reacted to yesterday. Came down, bounced. That's corn. I'm not trading corn right now. It's like they talk about watching paint try. Anyway, this comes here and we closed right here. Why is this zone still this zone still relevant? Because we just gap down out of there. So test of that. These are all great areas to take shorts now. Now you can see we're just hanging in this zone. So what just like yesterday, like I pointed out in this zone, there's this kind of telling you yesterday. I just said talked about this. I said this zone was different this time. Rejection, instant rejection, instant rejection, accepting. What do you see here right now in Aztec? Same exact thing. This was rejection here, but this was ridiculous. This was a huge move out of here. Instant rejection. What are we doing now? Accepting. Does that mean we're going to break? No, but it's not snapping out of here. It tried. Tried the first time down here, right? Put in a buying tail. Why are we back here again? Why is it accepting these prices? Probably because it's going to zero. So we joke about that every day. Show my favorite. I'll give her a little plug here because she's one of my favorites in my room. Puts this in every day because I want to I've wanted these markets to go to zero for since COVID. I thought they were going to. She puts this into there. Let's go back to mine real quick. Guys, you got to have comedy in your training.  I have both. I've already lost my mind right there. Zero. So every time I talk about the markets going to zero, she puts that in. So that's kind of funny. All right. So anyway, it's sitting right here and let's take a look at the market profile and lugs and so on and so forth. So another thing here on ES quickly. Why I'm still overall bearish. I'll still go along here. This is a smack dab in the middle of this. It's already gotten through the point of control as well. But when markets accept in the market profile composites that these are just single days that are merged in the value area lines up, right? Very, very powerful. As you can see how important this one was. And accept launched out of here. Closed in here and now it's back. It's actually in here. So when markets accept in the market profile composites, the high tendency is to get to the other side. So we are probably going to get here today. Doesn't mean it's going to happen right now. We may do one of these. Like I said, scroll the shorts and then go. But overall, this is looking like we're going to make it at least down to this 3880. That's my opinion, obviously. But that's what usually happens when you accept. So guys, it's all about as far as thesis, bigger picture stuff. It's just so we just talked about what should happen during fail breakout so on and so forth. Well, what should happen here? It should make it down here. If this market holds and it gets back out of here, something is up. You need to be reassessing the short. I mean your bearish short term intermediate bearish position, right? This should not. This should at least touch this before any kind of any kind of rally. If this holds here, pretty much right at this point of control, it gets out of here, something's up. So this is how this is what you do guys. It's just all day, every day trying to judge. You know, for the bigger picture, I'm still a day trader. I'll trade, you know, by the first, like I just said, I'll go along here. But overall, I think this market is still going to continue to get smoked, right? We're day traders who try to take advantage of the short term information. So actually here's the retest of that zone before I get into that NASDAQ stuff. Not surprising, right there.  M event, one was two ATRs, whatever the Fed column said, back in here, this reverses, I will go long. This breaks, will I go short? No, this is disqualified from a short because I was able to get an ATR above there, right? Because I know this is fast and if you're just learning that guys in my trading room saying you're going too fast, well, I'm trading live, first of all. Second of all, if you join my trading room, you get access to 500 webinar, prior webinars for the last two years where you can go and play it, stop it, draw your zones, understand what I'm saying. So if you're not following along, trust me, this is not rocket science, right? It's very basic and it's very basic for a reason. I make my trading very simple because I've learned the hard way, the more complicated you make it, the worse you're going to do, right? I make it very simple and it is very simple. It's not easy. Trading is not easy, but it's very simple. If you understand what's going on with these volume events and how traders are caught and how the markets should react to these areas, you have an edge and this is the best edge I've ever seen in 25 years. I don't know if I ever mentioned that. All right. So this is trying to push through the zone. Now we're down at this lug and let's see what happens here. You should, this moves a little lower. You probably going to see some stop runs because this is the overnight low. This is where I got my original short overnight. While we're waiting for that, any questions here, Sam? Yeah, we've got. I just covered a ton. Yeah, more of a, maybe a comment and a question, but Tom says, seems like it's been consolidating until it has liquidity at the edge to break out on. So I think he's saying it. Is it waiting for liquidity to build up either on the top side or bottom side before it breaks out? So what liquidity? I mean, there's liquidity down here and it looks like that's where we're at. And we talk about this every webinar being magnet. And then the other thing quickly. First, let me show this. So this is the new trader map add on. If you have a global plus, which you should all have because then you get the sweeps and everything else. It's well worth it. This is just take a look at the trader map. So this is just a different view. It's not it. Going here, actually this is the footprint. They don't have that yet and they need to work on this because they don't have everything they need to have, but it's available in India. So if you want to move to India, you can get that indicator right now. But anyway, you can come in. I mean, look at that. Where do you think this market's going? It may not happen today. It's probably going to happen today, but over the next couple of days, this is right now, this, then this, and that's well right down real close to the bottom and that market profile can posit, right? Would not surprise me to see this hit all of this. I'll even do my standard golf bet. If you come to Arizona, I will bet you we tag all the way down to here before it even comes back. This is actually a pretty, pretty bold call here, but I probably won't make that call if not for a round of golf. I'll say we go down. I'll say we tag 39, this 39, 62, before we get up to, I'd like to make it even money just because it's better odds for me, obviously. But I'd say before we get up here, we'll tag that. It's not saying much, but guys, this is just to help you. We've been talking about coming up with a thesis for the last 40 minutes, right?  This is the most important stuff. And you're like, okay, where's all the liquidity? Well, yeah, there is a band up here, but where is it more likely to go right now? Well, how do you know likely which way it's going to change? Well, that's what we're using at real-time volume events, right? So, yeah, it could rally up right now, but it's eventually going to hit this, right? So, I'm leaning more than leaning or getting all of this. And then we just, you could just say, you know what? I see all this liquidity and you see this guy playing games, putting it up all in an end. All this is set for, by the way, and yes, I set this just quickly to show you my settings for this. We have it set from 100 to 1,000. So, it's only showing me, the only thing it's showing me is orders, entire orders that are 100 lots or more, right? That's because these are the big players, right? And it's so funny because 100 lot is, back when I was scalping, 100 lot was nothing. Like, it would be thousands. Now it's 100 because it's just, it's just, you know, the book is so thin now, so on and so forth. But anyway, these are the areas that this market is going to gravitate to. Why? Because the big money will push in there so they can get their fill. So, that's just the game. I mean, you can see this, this liquidity is somebody's playing games here and they're on both sides of the thing. This is the stuff I don't really pay attention to.  So I embarrass and look at that, look at all that size down there, right? So that is another incredible thing that Bookmap has on top of everything else that they offer the trader. The other guys that I, you know, if it wasn't for Bookmap, I would not be trading right now.  So this is holding this zone. I will play this long here. I know what some guys are probably saying. Well, you just said, look at the liquidity below. Yeah, it doesn't mean it's going there right this second. If it was that easy, you just bring up the chart, the minute the market opens, you sell it and watch it go to liquidity. Sometimes it does. This could bounce around and we all know the equity markets. They love to screw people first. I don't know though, right? So that's why I use the real-time volume information to put my trades on. Right? And I know how the market should be. They have to sell DC. Corn's tempting me to trade it, but I just, I just can't do it right now. Anyway, real-time volume event. Just a stop run. It's not, it isn't. No, it was over here. It was threshold. This is what we drew, right? So that's a 300. What did I, yeah, that's my threshold. Exactly. So we already saw this. We saw this. Here's your retest. If this gets out of here in ATRI, we'll go long. If this gets below here, then we're, I'm waiting for a new setup because I can't go short off of this setup because I already went in ATRI out of there. I already explained that. So let's just make sure. Thing is, when you're waiting for this, you've got to make sure you're updating your ATRI. All right? So 6.70 now. Okay, so let's see. It's not that big of a difference, but you'll see this should change, right? So if I'm going to go long here, it would be going long at 22 with this ATRI. When I change it, quarter. So, you know, quarter is not a big deal, but it does make a difference for stops and so forth. So the other thing why this spreadsheet is so incredible is you put in your account size, how much you want to risk for trade. You should never be risking more than 1.5 to 2% on your trades unless it's an A plus setup.  You don't adjust your risk. I'm going to try my hardest not to go down this rant rabbit hole, but I can't tell you how many traders, I don't even want to know how many traders are on this webinar that do it right now. I like to risk three points with my ES trade to make six.  What you want to risk. The market cares about the volatility. So if the market is at 12, you're trading off a three point stop for good luck. You're not just literally just pay, PayPal me in my room, your cash, save yourself the trouble, right? We'll gladly take it because you're going to lose your money.  So right now, if I'm trading this with this ATR, I got a risk 16 and a half points. Well, yeah, that's a lot, but with this, with this, you know, when I put on the straight, I think this can be multiples of this as a winner. So I think this can move at least two to one, three to one, four to one. But you can see if the ATR, which was just the other day, say it's at 12. Now I'm risking 28 points. Okay. I don't care about that. I just adjust my size. I could trade 1.4. Obviously, you can't cut the major contract and then you trade micros, trade 14 micros. You should be trading the same way. If you are trading just one lot, in or out, all are none, you're doing yourself a disservice, trade micros, so you can piece out important areas. That's another thing I have and we'll go over this too. So when I am right, I pay myself as the market makes money available to me. And these are the areas that I look at and gone over a lot of this already today. So if I'm in, so on that short overnight, I actually, and you see one of my reasons is Spokana levels. So on that short overnight that I showed you, I actually got out of one. I had three on and I got out of one at, where's that? Just to show you, you pay yourself when you're right. There. That's where my stop was at the time. And I put one. Can't really see it out in here now. There it is right there. So I wore it up. Why did I put that there? Anybody tell me? Anyone look to the right and tell me why I put it there? It was one of my reasons that I just showed you on my trading the zone document. Spokana level, very important level, right? I got out of one because this could have easily done that. And while I'm sleeping, I can't tell you how many times I've had overnight trades on or it got almost to my target, like the blue lug was my ultimate target. It did hit it. But where it comes real close and then I wake up and it's all the way back up and it stopped me out, right? So I will get out in important areas. That's why you don't want to pigeonhole yourself in a trading one contract, right? Trade micros so you can get out. Do you adjust that 2% Scott based on? Do you have questions on that? Oh, back to liquidity. I didn't understand what he meant on that. I think you kind of answered his question. But back to the risk, the 2% risk. Do you adjust that 2% risk on based on recent performance? So if you go through like a rough patch, you drop down to one and a half. I mean, as you, you could do a daily or you could do a weekly, right? So if I make like 20 grand this week, and then get in 120. And then it does invest $2,400 on trade. I've reset this for the start of this year for the P&L for this year. And then it tells me, you know, what I can risk per trade. Per trade. And then I'll also make this bigger. Some days, you know, on a trade, I'll put on 4% if it's an A plus trade, but you've got to remember, you cannot be, and there was just a setup in NQ, by the way, and we're through that selling that I just talked about. But you can't be risking more than 5, 6% of your account size in a day if you want to make it in this business, because you're going to have bad days and you're going to blow out your account if you lose more than that.  Everybody had using Mike Tyson quote because it's the best. Everyone has a plan to get punched in the mouth. Right? Everyone's like, oh yeah, if I lose 4 grand a day, I'm done. Well, if you don't have that setup in a way where you have an automatic, like your firm stops you out and if you have a firm that won't do that, find a firm that does because it's going to save you an account, trust me, eventually.  Traders are very competitive.  I'm down 4 grand, I don't care. And you put in another, and all of a sudden you're down 8 grand. And you're like, well, who cares now? My account's 11,000 bucks. What's another 3 grand? What's the difference now? You put in another trade and you lose 11 grand. Your account's done.  It will happen to you. I don't know how else to put it. I will go into my, this is, I can already feel my stomach churning out of the two. So I worked at a firm that was still supposed to stop me out.  Okay, I settled down. Let, you know, give me another 50 grand and I'll be done. They got to the point, because I was making so much money back then.  And let me draw this on real quick and then I'll get into those stories. I can't do two things at one time. You should see me trying to drive and talk to my wife. Every time I lose, I, you see me right now, I can't concentrate. Hold on. Like, I'll say one more door and I'll miss the exit because I can't do two things at one time. There you go. 41 quarters at the bottom. Oh, no, I got some big America chirps too. Great. All right. 45 down to 41. This probably started a little bit before there, but yeah. I mean, the red line started here, but the swipe probably started this, but I'll just keep this right there for now. I don't want to confuse people. 1345 is good enough for right now. And then remember, take your spike. This obviously isn't correct. See how this is still spiking down here? It was 181. My threshold for NASDAQ is 150. So that was obviously the threshold. There's your bottom of your zone. That is accurate. Hopefully I don't miss this trade. Don't mind talking 45 down to 41. All right.  RTY, I size-spread by RT. 159 contracts. I forgot about Russell too. We'll go over there. And then the ATR is 27.63 right now. So if I wanted to remember, we're doing this trade. I'm not doing this trade on these webinars. If you wanted this trade come to my room and you'll learn all about it. It's awesome. It's very active. It's more like a scalp trade.  Tick for tick scalping. If you're trying to do that, you're going to blow out too. Good luck. Unless you can write computer programs. So anyway, so if I want to trade this now, these are my prices. So these are the prices where it shows us the full ATR out of the zone. And that's going to determine whether this is a bullet repair step. Right. So until this gets above to 72.75 or below to 13.25, I don't know what setup this is. I don't know how I'm going to trade this zone. I mean this bottom of it. I do know that we are now through, well, it's close, but this is almost through this important zone. And what did I just talk about a little bit ago? How this market is accepting here now versus instant rejection, instant rejection, instant rejection. That says to me that that's probably going to happen. And now we have a volume event. So I could go short here aggressively with this volume event below this zone as soon as it breaks down out of here 110% of an ATR. I could. I don't love that trade. Just because this next zone is so close. Right. It's not even, it's right here. So I'll still short it, but I want to see ATR retest failure. Either way, I'm trading this, right? We'll look at our logs here too quickly just to see what we're out here. We're back at the blue lug here. And yes, by the way, this is just like anything else. If it accepts down here and just sits here, it's probably going to bust through and build new lugs, which would be good because then they can actually shorten and not worry about bouncing off a lug. All right. So blue lug's not, you know, it's at 60 points away, 63 points away. And what are you seeing here? Guys, it's all about coming up with a story and then looking for value events in that direction. Preferably. You can trade both ways, but I mean for the bigger, bigger moves, come up with your thesis. And when you get a match, a match, you're in. Here you go. What is this market doing right here? So ES is, ES is firmly in its, we just talked about this. This one is already, it's gapped into it, right? And we're expecting the bottom of that. Nasik's just entering this and it's tried. So it kept hovering around here. Now it's inside. What do we expect? And the point of control is way up here. You can see this is where this launched up to the lead to this stuff. So now it's accepting. Now that we have a volume event, that's a high, high probability and that's all trading is, is probabilities that it's going to make it down to the bottom of this. If it doesn't, so say this recovery, it could stop right here. This could turn into a bullish volume event and get out. Well, that's telling me something's up for my short-term thesis of zero, right? So you're adapting, but the thing is guys, if you're just using this, you're short, right? Like if I'm just staring at market profile and those zones, the bar chart zones, I'm short. I'm like, okay, we're in here. I'm getting in. We're through that zone. I'm getting in. Well, that's not all the information. That's why you need to be looking. I don't care how great of a market profile technician, how great of a bar chart technician you are, you don't have all the information. This is the missing piece, right? So if this market is bearish, this should not become a bullish setup, right? This should hold here, not get an ATR above here and then move lower. And that's confirming my bigger picture thesis with real-time volume. And this would be one of my six distinct setups in my trading course, SI trading course. You can get it on my website or the bookman marketplace. This would be a stop and hold stop run that doesn't reject because this usually isn't real selling, right? Guys could stop into positions, but most of the time it's guys puking, right? If this sits here and doesn't, and then moves lower, well, then the big money's coming in and continue to push it and actually really selling this, right? And then we can also watch. I don't want to get too involved with the footprint because this thing has cost me so much money in my career, but there are opportunities to be using this correctly. We can watch to see if the sellers engage as well, and that would just be the big money pushing the lower because this is not big money. This is retail trader puke. That tells me it's not real selling as of right now, but if this holds, aka the stop and hold setup, then that means I will take this trade off of that action. So now we're just going to watch. We just sit and wait to see how this reacts here. Okay, a whole bunch here. So now I remember I was going to go long off that retest failure with these guys. This is one of the reasons too, you got a lot of guys that are like, okay, yeah, I understand the ATR, the retest. Why don't you just jump in the zone? Well, because I've learned the hard way just jumping in the zone and even my course, my original course says once it moves out of here, you can get in just outside of it, but I've learned the hard way and you got to adapt in your trading, right? That if it can't do that, I would just jump in on the first retest and then this would happen like it's happening right now. So that's why I wait for my conservatory retest failure. And you can see I'm potentially avoiding myself a losing long here, because this is pushing now down. Let's just see if we are officially an ATR below that zone. And that long idea is done. That's not a 12 ATR. I don't want to screw that up. I'm just kidding. Price is 0675. So if that market, here we are. So that is an ATR below this volume of that that I was going to go long off of, right? Disqualified. Now I wait for a new setup, which is fine because we're just at this blue log. I really didn't want to short. I tried the one short, I got stopped out. But now here we are. Gold stock sell GC, 166 ton graph. Trading gold, especially stops. Worst traders on the planner in that market. I can't. It's literally stop runs every four seconds in that market. So this moves a little lower. This is going to draw new lugs. And then it's go time. Especially when I need new setup now, though, too. So I do have a setup and you see what's happening here. This is turning into potentially a stop and old setup for NASDAQ. So now what I'm going to do, I may miss this trade. This is what I just talked about a little bit ago. You have to determine if you want to get in aggressively. You could say, I love everything Scott just said. I want to get in as soon as it moves an ATR out of there. ATR at 10%. Or you wait for retest failure. This is a higher percentage trade, but you may not get the retest and you're sitting there holding the bag. And they're like, yeah, I didn't get short there. And I really knew this was going to break. That's what you have to decide on your own. Pretty close to this blue log as well. So this is kind of a riskier trade, too. Because you guys know how important the lugs are from what I've talked about. And you know, guys, this is going straighter, right? I'm hoping we get one of these. I will short it and then I'll watch closely, but this is, we watch this game every single week. And it's all a big game. And if you think it's anything different than a manipulated game, you are sadly mistaken. But we know what's going on. That's the key. If you were just trading off bar charts and market profile, you don't know these games.  We see what they're doing. I posted yesterday on Twitter. How about this one? If you guys follow the Twitter, if not, I would watch that. I need to post a little more often. That's what I posted yesterday. Massive CL, and by the way, sold off like 150 points from here, 150 ticks. Hitting right now, 1600 contracts. Something you can never see by staring at traditional charts, software. Just exactly what I just said. Nor does the big money placing these orders once you didn't know. But we do. Using the incredible second referendum. Right? So that's the point. You are seeing what is happening. So yeah, they're playing games. They're playing games with your money all day long. You can see the games. You're like, okay, I know. First of all, my view is bearish. This is going to end up being a bearish setup, most likely. And I know they're going to get their fills because they will push the market into their orders. I know this because this is the game I used to play as a scalper.  That's back then where you could actually put those in and not get smushed. And then I would start getting short. And as it got closer to my orders, then I would step on the gas, sell some more, and they'd sell it right. Then guys would jump on my coattails and sell it right into my waiting beds, and I'd be out of my trade. Over and over and over. That was my game. That's how I made millions of dollars. That's simple. Do you remember me mentioning how simple? If you make it simple, how much better you'll do? That's all I did all day. So that's what's going on here too. If you don't think that's what's going on, watch Bookmap for about a week and pick out the liquidity levels and you tell me if that's an answer to what's going on. All right, so let's see the, did we get an ATR below that zone first and foremost? So I can short this thing. Make sure this is still right, 26.470. It didn't touch 74. I'm sorry. I'm sorry, 1450. I did not get down there yet. What does that mean? Well, for me, for my conservative entry, I need to see that. Oh, I lost my drawer. Put it in my drawer. For me to see, I need to see that to go short, right? I could get in aggressively, but I'm not in this situation. What's that number? Oh, I forgot. It's a crude number to the 10 o'clock on Thursdays, Mondays of holiday. So that was a crude number. I didn't have a position on there. All right, so I'm just waiting here. This did not get a full ATR. ATL, 157,000, right? It was top 70,000, 832,000, right? I guess we'll trade some soil, y'all. Here's Russell. I forgot to draw this. Hopefully, let's see if we can still get in a trade on this one. That was 200. That's threshold. Threshold for Russell is 150. It stops at nice. This was threshold as well. And you can see this is one house. See this yellow line? That's one house that basically started over here and then continued over here. It was probably over here too, but it's not showing that. But regardless, this is the most recent setup. I'll draw my zone on that. I may be able to go shoot this one too. This was by ice. And you can see this came all the way down to here. Potentially lower. I'll draw that first and then I'll edit it. Make sure I got all the prices. I got to go a little lower. You can see, right? It still was happening here. I've been supposedly working on a feature where I've been asking for for years.  That would save me about eight hours a day, feels like. All right. So there you go. So let's see if this got an ATR below here and I'll short this puppy too. Go prices. All right. So the bottom of that zone was 36.5. 18, 36.5 is 4.16. That means every five minutes is moving about 42 ticks. Very important. You're using static stops. So now for this, for that to be a broken ice set, I'm gonna run my six setups. I need to get an ATR below that zone. Did I get an ATR below? Got down to around 1832.1. What is the price for an ATR? That was 1832.3. What do you know? Guys, I'm telling you, man, this is just, it's over. And like, this is the one, this is one of the strategies we have in my room. It's uncanny. So this was, I mean, literally almost the exact tech. ATR retest. Why do you think we're using an ATR in the room? There you go. So now this isn't officially a bear setup. Do I just go short right here? No. I need to see this, this, then that. Then I go short 110% of an ATR because it's showing me it can push outside the ATR. That price would be 19. All right. So I could put on 5.5, obviously I'll round up because I can't put on a half contract in the big one. So we'll put on 6 and 19. So that's locked and loaded.  Make it, you gotta laugh.  You gotta lose your mind like me. All right. So nothing else has happened here. We did not get the ATR below here retest. So I'm still waiting for that. Yes, this was disqualified as a trading setup for me for short. Nothing new is coming in here either. So now we just wait and the thing I need to look at for Russell is to make sure I'm not shorting into a blue lug, which is not advisable. And obviously my market profiles, I don't trade this market that often, but I do trade it. So quite a ways away to the blue lug. 18.21.4, no problem putting your short on. All right, you can see here too, this is really what you want to see if you're looking for extended moves to see how the relative ion is starting to spike a little bit. So if you see yellow bars at the bottom here, it means it's over two to one normal for this time period. That's telling me the big money is starting to play. That could be, you can see how this was very active here. So guys, the other thing too is, you know, I'm drawing these zones, well, this is the same principle, right? So you can see here, especially if you're watching these markets and this is overnight, but if you're watching and all of a sudden you start to see this, these are traders firing off, right? And you can draw this as one big zone, right? Like that is really important. And when it moves out of here, it usually leads to the big move, right? This one looks like it came back, but let's see. No, sorry. So yeah, what do you think, guys, just imagine, what do you think is happening here, right? Somebody was selling it, well, somebody was buying it passively. Someone was aggressive. And then someone was buying it. Somebody was selling it aggressively. Either way, set up and crude, we can trade that too. Either way, this is the important area. Just like the zones I draw, this is important too. This is much bigger ranges, but this is important.  It's simple, not easy. It's simple if you think of it in that terms because that is what is happening. Dumb down your trading and just look at what drives market volumes. Relative volume and volume events. Use that with a thesis, you have an edge. You have the ultimate edge. I don't know if I mentioned that. All right, so I'm fine going short this on top of that, right? We got all that fuel that this hasn't even broken, really broke it from that area. So this could be a whopper. Let's look down here. Let's see what's blowing. You can see there's nothing here. This is my zone for our RTY. I left this in because this led to this up move and this is where this huge move started. Many times when a market moves straight through it, this one didn't really move straight through it, but it did hold and we gapped down. That's why I left it. I actually looked at it when I drew this this morning. That's why I left this because I could have actually deleted this, but it didn't kind of respond here. It did hold here a little bit this day and then it kind of launched out of here, but I'm still leaving it because this is where we gapped down from, right? But anyway, there's nothing here to down here. And then what do you have here? This market is very, very, very high percentage that's coming down here, especially with what we see with that volume, that relative volume. That is the fuel this needs to push all the way down here. So that would not surprise me one bit. Actually, I expect that and that's actually while we're on here and nothing's happening. Let me show you drawing the market profile. So these are individual days. When these overlap by more than 50%, you can merge them and make a composite. So this is like, oh my goodness, man, what is going on in the grains? Don't they know I'm trying to do a webinar? So these are individual days. When they overlap, you can merge. So like this value area, which is just 70% of the trading day, the high of the value area, the low and the point of control. Point of control is where the most trade occurred and you can see that. That's like a high volume note. High volume note of a, this is more of an exact price, but that's like a high volume note of a balance area that we talked about earlier. These, this one did not merge that. So I don't merge that or did not overlap that. This one did, this was Monday, and then this one did, all three of these did. I will merge that first and foremost. So I like playing this game. It feels like, oops, I didn't want to do that. What did I just do there? It feels like I'm playing Pac-Man.  Then this day, definitely overlap that day. So I'm going to merge that as well. Now you can see this composite now, basically overlap that by, that's pretty close to 50%. So I'm going to merge that. Now you have a solid, very important value area. Now we draw, this is what the zones come from. There you go. So right now it's kind of bouncing off this prior one. Actually, I got to draw this too. Let's merge this one. So that's a two-day error. The more days you have, obviously, the more important is that this one up here is like five days or more, whatever I just did. I can't remember what I just did. But so this was a prior one that it's obviously responding to that was here. You guys look how powerful these are, right? So if you can find volume events at the corner, these are one of the five right here, right here. I pay myself with the market makes money available to me. Market profile, composite, highs, lows, points of control. So they're just places you can initiate trades, obviously, as well. You can see this day, I mean, that's pretty much to the exact text. So you can imagine if it comes down and you get a volume event down here, what a great trade that is, right? You could just trade off these by themselves, but you just, like I said earlier, you don't have all the information. If you have a real-time volume event, then you really have an edge. That's what it's all about, is coming up with an edge and trading it consistently. Not by the seed of your pants, trying to catch every move. Why can't I find the bottom of the scroller of this? Any questions? See, I'm trying to find this thing. I was kind of looking forward to your story there. I don't think you finished it. Oh, you're going to make it to last. Do you remember which one I mean about? I think it's about risk management in your early trading career. Thanks a lot. Thanks for bringing it back. I was just starting to settle down.  Let's see what we got here. I'm going to turn off. So this is a CBD. If I look at that, I look at that both, but I take it off a bookmap a lot just because there's just too much going on down here, but you can bring it in and out, right? But that's the same thing as this. And it's awesome because this is a different data feed. This is the Denali data feed through Sierra chart. It's great to see when they match up. It just means you're getting accurate data. So that's basically this right here. It's the same thing, right? You can see, you guys, look how powerful these are. I want to trade some cattle. I mean, look at that. They're, I'm telling you, it's the second most powerful thing I've ever traded with next to bookmap. They're ridiculous. It's just, it's silly how they react. All right, so let's draw this real quick. And here, was it this? Yeah, so look at this coming in. So granted, this wasn't threshold. It's pretty close. 140, but then you had this, 120. This, I don't know why it's not drawing. This has got to be one house. Let's see here. Well, that's why, because I don't have this set up. So you can see them. I'm really surprised this isn't showing as one house. I'm surprised that's not one house. But regardless, this is a pre-market zone. You could see it's real surprising. This is where it bounced from. Like, this is literally from way back when it's amazing. This is what I'm talking about. You think this is coincidence? This market came back. Not that I had a trade on here, but do you think it's coincidence that came back and fired right off of there? That was over here. That's that, right? Probably would behoove you to know where this information, where this is occurring. That's what I'm talking about, having all the information. It bounced off here again, but I'm going to draw this here. So I'll take my bubbles off. So this started, and that was 54. To adjust it, obviously. It's good just to always just draw the zone, and then you can pull the lines up and down. Let's just make this a different color, because it's not confusing me with the other one. Different colors there. I'm colorblind. Sorry about that. All right, so I want to incorporate all this, right? Boom, boom, boom. This has to be one house. I don't know why it's not drawing a line, but it comes all the way up to here. It's actually still coming in. So this is a rather large zone. I mean, you could draw and wait for a concentrated volume event, or you can draw this all.  Okay, sometimes it's subjective. Most of the time, it's pretty straightforward, but sometimes you get stuff like this, where you get waves of bias, and you're like, what the hell do I do with that? They're not threshold, but they're all right on top of each other. Well, I suggest making it one big zone, right? This is a 50-point zone, 50-tick zone. All right, so we'll let this develop. But I mean, you can't ignore this, right? So it's either you don't trade it, or you make a big zone, right?  Like we've been talking about. So we'll come back to that. Now, this short may be disqualified if this got an ATR above the zone. That's what disqualifies it for me. So we didn't look at that price. Let's make sure that is. And I'll tell my story to give me mad.  They're half the people that stop being wrons, right?  Hey, great trade, man. If you do something wrong, I'm going to say why. Even if you put a winning trade up, I say, why did you do that?  But that's what you guys want. You don't want me sitting or paying. You want to make money or you want me to pay you on the back? What's going to benefit you more? All right. So the ATR to disqualify that is 1843. Then we get up to 1843. Let me guess, that's the exact tick. Hey, look at that. Real surprising, isn't it? Guys, it is on. I'm sorry, one tick. It's just a watch it all day every day and hundreds of times, and it still disamazes me. Look at that. I'm going to consider that an ATR. This is disqualifying. There's one tick away. Fine. Well, that's fine. I just wait for a new setup. I'm not playing this as a long setup because it's got an ATR below four. So it's fine. Move on. Move on to the next setup in another market. So you guys can see how the elbows are just taking your cash. If you're trading right now, you are getting whipsawed to death. You got whipsawed to death here and you're getting whipsawed to death here. That's what we're trying to avoid. That's what we will avoid most of the time if you are placing your stops outside of these areas. So this definitely got an ATR above there. So that short idea is disqualified as well. What does that mean? It just means that I'm waiting for something new, right? Guys, this is what's called guys and girls being patient, right? Like you're just waiting. I'm waiting to see something from my trading, my trading style, my setup. If I don't see it, I just don't throw on trades. You just throw on trades. You're going to lose money. These are not small moves, right? Basically, because the ATR is elevated, you're putting on trades. Unless you're holding for 20 points, you're most likely getting whipsawed out of these trades. That's why I wait for volume events. This market's just not making up its mind. The big money is not playing right now. So that's why the elbows are taking over and taking your money. And stuff. I'll take a quick look at crappy corn, but because I heard some good size in there. Guys, it does not matter what market you are trading. It's all the same. If you know the thresholds, they react to the volume events the same way. Why? Because they're humans. It's the same stuff. Even if they're algos, like trading off of this stuff, they humans make them, right? So it's just like why technical analysis works, right? These important areas. Because it's human reaction. Read all about what a technical analysis is. It's how humans react in certain situations. What do you think trading these zones are? It's how humans react in certain situations when they're loaded up. It doesn't matter what market you're trading. That's definitely threshold. It's just here we go. There is another one. This is actually a 2ATR trade. Hopefully my room caught this, but I don't think many people are trading more in there. Doesn't matter what market it is. There you go. Bring the bubbles back. Kind of must promise you this is like this. Let me have to guess. I'll show you. 5 minute ATR, whopping 1.25 points. That's why I don't trade this thing most time, right? But you can see. This looks like a huge move. It was three sets. But regardless, that's 2ATRs. It's trying to come back here. That's the game. So if you want to short this, this is definitely, that is a bearish setup. Wait, take that back. Something new happening here, I think. 400 is my threshold in here. That was not quite threshold, but it's close. Soyola's third 5 EL, 151. Soyola, same thing. I don't care what you're trading. But anyway, this could be a bearish setup. You could draw that. It's close enough. I'm not trading this market. I just wanted to show you guys the example. Like, there we go. Nothing's going on here, and then I'll tell my stories. But I just want to show you. It doesn't matter.   So this is a lot. You can see there's a huge stopper on here. This was a stop and hold. We just talked about that, right?  Actually, this looks like a double whammy. I'm using 150 in this market. So you had the dumb money puke into the waiting hands of the smart money, but it doesn't look like they were that smart today. Guys, the buy ice and sell ice isn't always right, but that's another setup in itself. Because when they're wrong, that leads to extended moves as well. That was that, I think. Hopefully you'll learn how to draw zones on this one. Well, that was that. Shockingly, came back and came real close to testing the zone. Like, it almost always does, and now you have a new setup, right? So you could trade this. If you want to pop over to a soy oil, draw your zone. This is 236. Somebody's still buying it, right? Anyway, that's your zone. Figure out the ATR. I'll even show you quickly. So you know, 0.16, 0.17, whatever that is. I don't trade this as often, but it looks like 17 ticks, right? This looks like crude. It looks like it trades like crude as far as a tenth of a tick. So it looks like the ATR is 17 ticks. So meaning if you wanted a trade soy oil, you would wait for this newest volume event, an ATR, meaning 17 ticks, 17 ticks. If you got an aggressive, you jump in, just outside 17 ticks. It's all the same stuff, guys. It does not matter. See how many times I can say guys on this webinar. All right. Any questions before I get upset? Yeah, we've got a question about your thresholds for the on-chart stops and icebergs for ES and NQ. What are my thresholds for ES and Q? Yeah, for the on-chart stops and ice. On-chart, you can make them less, you know, because you want to see, you want to see them, you know, let's see what I have left. I have an icebergs for ES, 150 to contracts. Let's see what I have left inside it. Actually, I had this one at normal. So I just put it at the normal threshold, seven on her, but you can make them less just so you can see events.  That's the problem. I'm trying not to see, you know, when I turn off some of these icons as well, right? So when you're on on-chart here, I don't care about cancellations, right? I mean, it could be important for some strategies. I don't care if they cancel it. I don't care if it's detection. I want to see it executed and if it's still active and if it traded. I mean, trading, so the way this shows this is that it'll show if it traded and then if it's still active and then if it fully executed. I don't know why it's actually not showing though. You should be seeing that on here. Oh, it's just because my threshold. So it's a lot. What? Watch this. Let's let's just lower this. Don't see the icons. Oh, let's see. You just see a lot more numbers, right? This is why I bring them up. You should be seeing the actual. Oh, yeah, here here. I don't know what I'm doing. They're there right here, right? So it's showing you. E means executed. So these are just smaller ones that I don't care about, right? So somebody executed the 105, but that's the finishing of it, right? So it'll say like 151 contracts. Trying to find a good example here. Why it's not showing the transact, but it'll show like the T for transacted. So it could keep coming down. So this was like a bias, which it was, but whatever it actually looks like sell ice. So whatever it is, bias or sell ice, as it touches it, trans acts, trans acts, trans acts. And when they're finally done, shows that executed. Like what kind of that's incredible information to know, right? Or if it's still in there, you can see like, you'll see instances where it'll be like here. You'll see transacted. It'll show like 100, transacted 100. And the market does that, but you know it's still there because you never saw that E. Then it comes back down there. Still there, still there, still there. Guys, this is the information. This is the missing piece that you're trading. I'm telling you. But anyway, I haven't said hire just because I just, I can't handle too many things on my chart. If I got enough on here, or that's another. And then stop it again. I stopped at a little, I think I have a little less, so it helps me draw better. Let's see. Yeah, I got those at 100. And that's probably two rule. Any other questions? For NQ as well, sorry. What do you have? What do you guys like in the website? Or do you like that? That's why you don't trade until you see something worthwhile. Q. This is a, I don't know why this resets like this. You can put these on, you know, or maybe too much. So guys, just go to the book. Don't ask or ask me about all this. I'm going to try to put some of this on my new course, but it gets really, I'm not a developer. Right. And this is just, this is like too much for me, for my brain, right? Individual or aggregated. I don't know why it keeps going to this automated automatic. You can read all about that. Again, this isn't that, my, the important for me, the most important is the sub chart, right? This just helps me see, helps me draw my zones. I can kind of see what's going on. This is what you want to trade off. You do not want to be drawn zones off of the on chart, because it could be kind of diluted, right? Like I just would give an example where it touched, it touched, it touched its own like 150, 80. I want to see concentrated volume events down here. Right. So you can use this, obviously it's important to see if it's one house, see the stock runs, help you draw your zones. I would not be drawn zones off the on chart, it is the sub chart. That's what I do.  Great. Thank you.  This is why I wait for I, not you're subjecting yourself to that. Osher, I like to put on trades and risk 10 points to make 20. Well, then you probably were stopped out about 28 times turning this whipsaw nonsense. But once again, what is going on here? It's whipsaw, but it's not doing anything. We are accepting how we're actually accepting in this zone too. So the whole area is important and you see it's accepting. You see how instantly rejected here? Gone, right? Gone, gone. Here, what's it doing? It's kind of just sitting here. I'm telling you, when this breaks down here, and this looks just like rustle, does it not? It's going to gravitate right to this stuff. Very likely. You do have one here that you can draw, that it may react at that high that it may react at that high volume note, at least initially. You could draw that. I don't draw the high volume notes because it's just too many too many things on my chart, but I'm expecting at least this may happen today would not surprise me one bit. It could do a juke move first because it usually does, but that's my bigger picture view. I will still trade longs if I get the setups. I just don't have the setups. Hey, look, we're headed down to an ES here who wants to bet this gets filled right now before we get off the webinar. Anybody anyone want to bet me? I bet you we trade this before we get back up here. I want to bet around the Gulf, Arizona style. Not cheap, by the way. Waste management is in a few weeks. I got around a TPC, which is not even that great of a course. That's where they play that waste management open 650 bucks. Go to a public beach for that. All right. Any other questions? And I'll start telling stories. I think we're up to date. All right. I'm actually breaking below this most current zone that I drew. This threshold. Let's just put this in real quick because I may want to trade this. 27 down to 12. 80 27 down to 12. How is that? Did I already put that in? Or that the same? Well, that's amazing. I think that's the same zone as earlier. I don't think I might have. I told you guys I have no short term memory. All right. So ATR below there would have been 7980. That is 7980. All right. So what does that mean? That means this is now a bearish event. This was able to push an ATR below there. How's that buy ice feeling right now? That can't be feeling really good. So many times this is what causes this.  I guess we were wrong. And then they'll wait, test the waters. This is exactly what I used to do. And then I would start buying more and more and I push it. Then I'd have my orders.  So when I came back up there, I'd be filled. That's what ATR retest does. Many, many, many, many, many times. So it'll come up here. These guys that were long, I'll be like, yeah, okay, I guess that wasn't the right idea. And let me get out. And that leaves the next wave down. All right. So I will trade that to the short side. There are lugs real quick. Hey, look, look what worked up there. You guys ever see this? Magical, magical lugs. It's just that can't. It's like watching the ATRs all day long. It just amazes me every time. All right. Yeah, you can trade these out on your own, but if you have vibe events or you can imagine how much the bearish vibe events, how much more stronger they are. So anyway, this is just bouncing off baby lug and VWAP. So let's see what happens here. Definitely going for the retest. Hey, you ever see this one? You ever see the one ATR? I've shown it like five times already on this webinar. The markets will move one and go back. This is a very active trade. We're doing this in my room, but you've got to be on top of this and where it'll go to and come back. This is like a magnet, just like liquidity. So there's your retest. No, I will put it potential shorted. My prices are in. We've obviously got $7,880 to make that a bearish setup. Now I will go 110% of an ATR to take my position. I could put on 2.35. I'll just put on two. I don't really love this area. Let's just take one little peek here. Yeah, see how this is not a really great trading area as far as bounce off that zone, bounce off that zone. All right, so this is not a great trading area. You could just say I don't even want to trade in here because you probably got to go through some torture. If I put this trade on, I am probably going to go through some torture. Well aware, but I like torture. I like upsetting myself. So let's put it on 79.77. I'll just put on two since I know I'm going to get whipsod to death. So you could say, I don't want to short write you to see how it reacted to the zone again, right? You could put it sacrifice 15, 17 takes and put it below that zone. But I'll just take it. ATR retest failure. Not loving this trade at all.  All right, we're getting close to the end. So back to the risk rules.   You let them know. I want my stop limit to be if you know, if you got a $10,000 account, you should not be risking more than 600 bucks in a day. I know it sounds pathetic, but that's why you want it. This is my other rant. I can go on. That's why website you get discounts to all this stuff. But highly, highly recommend you use this. This is apex. Go in there. It gives you all the different. The different I use the 150. I think that's the best value. So that's what is a month. But if you put in my code, you get the it's half, right? And they have some 80% deal going on now, too.  Well worth it to practice. Even if you're not practicing, you get so somewhere on here, Pulsini. What is it again? Let's say, hold on. Sorry. I should say it on here. It's Pulsini 50. I thought it was right there. Smith Devon in your face. Oh, you know what? It might be on the main. No, I don't know why this isn't where. Oh, here it is right here. 80% off. So anyway, guys, girls, there's no reason to be one. If you're struggling, if you're new, I have like five of them that I'm doing, that I'm trading different strategies. Why do I need to risk my money? Especially if I'm trade, because I want to test stuff out real time. Instead of just like looking at it after the fact, like, oh, yeah, that one worked. I put it on real time, but I don't want to risk my real money on that. While I'm trying stuff out, different ideas, stuff like that, right? So use this and you're not gonna, you'll at least react the right way because most guys are like, when they're trading on a simulator, they don't react the same way. Because they're not risking as much, right? Or they're not risking anything. So they just let stuff run there.  So you're gonna react the right way. So anyway, and then if you do well with your strategy, say you want to try this stuff out the way I'm trading. If you do well, then you're funded. So then you're not trading your money anyway. It's just a no brainer to me. And I'm using it myself. I've been, the reason I started using it in the beginning is that a lot of guys asked me about it. I did it. I qualified a lot of couple times because it is a trailing fight. It gets tricky. You can read all about it. I'm not gonna get into it right now. But it's not that tricky. It's not like some of the other ones that are complete nonsense. They're just trying to take your money nonstop. But anyway, I qualified, got funded, got paid. So they are legit. I put my name on it. It wouldn't be on my website if it was not legit. Again, all this stuff, there's discounts to everything. Bookmap, that's a global plus. That's what you want anyway. This spot gamma, that's not a discount. But this, you can get an extra three. We didn't talk about this today. The tick strike, actually I didn't have that on.  It's just like an audio and then Trader Sync, that's what I'm using. They're struggling a little lately with their switching over to some new cloud.  So back to the, you need to set your risk for the day. If you have a, let's just say you have a $100,000 account, you should not be risking more than $5,000, $6,000 in a day. Hey, by the way, look where we're at. There you go. Here's, this is why this is important to have too. It just gets really annoying when you have trades running against you. You need to have that set. Set it up with your broker. If your broker doesn't do it, find a new broker. There's plenty of competition out there. You do not need a broker that won't do that for you. And it's in their best interest to do it for you anyway. I've never understood why brokers don't offer that because they want you in the game. How do you think they make their money on your commissions? Well, guess what? They're not making commissions on you if you're not trading. So find a broker that will stop you out. Put that in place. If I lose $5,000, I'm out. So back to my story, right? I had when I was trading, when I started making serious money, my drop dead with my trading firm, we had a risk manager too. This makes the story even more upsetting. My drop dead was $100,000, right? So I could trade as much as I want. I could trade up to 3,000 contracts. But if I had $100,000 lost, done for the day. Done for the day, right? Well, there were not 300, sorry, 100 grand. So there would be some days I'd hit it.  I go to click on my stuff. This is what your broker should do. You go to click on it. Nothing happens, right? Apex has the same type of thing. So then I just have to be done. Then I go home. I get my mind straight.   Like, what was I doing there? Thank God I got stopped out. You know, they didn't only cost me 100 grand. Well, I got to the point when I started making serious money, like millions, where I could basically tell them what I wanted to do, right? I was the big trader of the firm. I could say whatever. So I would call them up. I'd go take a walk and come back. I'd be like, okay, I settled down. Give me another 100 grand. If I lose that, I'm done for the day. So then that was retained for a while. Then I got to the point where I would go down 100 grand. I'd have a trade-on. I'd have like, you know, 1500 contracts and it would be ripping in my face. I'd be down $180,000 and they would, now they just make a phone call. They'd be like, are you okay? Yeah, I'm okay. Just leave me alone. Hang up. And they let me go, right? So not only could I not stop myself because I was so pissed off that I was trying to explain to yourself, but explaining to you guys, everyone has a plan and they get punched in the mouth. Yeah, when I'm like this, and I'm perfectly sane and calm, I can say, oh yeah, I'm gonna lose 100 grand. If I hit that, I'm done for the day. Most people can't do that, especially if they're pissed off, right? So it got to the point where they would not stop me. And I had literally, literally two different days. I probably have these on tape. I don't even wanna find them, but I'll play them for maybe one day for comedy for you. It won't be some comedy for me. It's when you hear the amounts. But the first day, the first time it happened, they called me down 100 grand. Just, I got it. Hang up. I lost $800,000 in literally about 12 minutes. $800,000. To the day, one month later, to the day, and what's so funny about both of these days? They were both on a Friday. Both of them, I was leaving for a wedding. Both times, I can remember distinctly. This was like 2004. Very next month, to the day, was a Friday. Lost another $800,000. Same exact scenario. You think my firm would have learned the first time. So I lost $1.6 million on those two days when I should have only lost $200,000. That is $1.4 million more I should have in my bank account. I don't know about you, but I can use another $1.4 million in my bank account. Right? This is sickening. That makes me sad. That makes me mad. I'm telling you guys this so you can learn from my pain. That's why I have the trade room. Learn from my 25 years of pain and good, obviously, but pain so you don't have to have that happen to you. Because it will happen.  Right? So I'm telling you, if there's one thing you take from this webinar, it's you win.  I'm begging you. Right? So I was going to, there was one more other thing that I, no, I lost my turn of thought, but probably because I want to break something, how am I talking about that? So $1.4 million, if I just would have stopped at $200,000, I would have more in my account. And oh, so that year, I still ended up making one, what was it, $1.4 million, actually. So I would have made $3 million instead of $1.4, just because of two days that I didn't follow my damn rules. Right? Please, I'm begging you. It's going to happen if you do not have something in place. It will without a doubt.  But other than that, it's very likely that's going to happen to you too. So it's all relative, but you're going to lose your mind at some point because it gets, it feels very personal. I mean, I could play it all the time. I've been doing this for 20 plus years and I still feel like I'm being manipulated because I am. You are.   So that's my one little ram for today. There's many more. I do them all day long. If you want to hear me complain, come to my trade room. Good things to play music and stuff like that. But other than that, please learn from my mistakes. Any other questions? Sam before I... Yeah, painful lesson there. I mean, I've just got one quick follow-up question on that if you've got time. I just wanted to ask like on the flip side, you know, as traders, we know it's kind of a journey. It's a gradual progression, learning over time as you gain experience. But did you ever have like an aha moment or what was the kind of the biggest single thing you did that made like a big leap forward in your progress? Well, the initial aha moment was understanding the order flow back then. In the dome, right? So I was learning like just from staring at this. Back then, guys, there was no education. None for... It's right when everything went a little electronic. I was working at the board of trade. I was an arm clerk for a broker. You know, like the trading places were to do in the hand signals. That's what I would do working for a broker. And then I went from doing that to the trading firm. There was no education. They literally... I'm not kidding. The very first day, this is another ridiculous story. Very first day, they sit you down and they're like, everyone's trading the E-mini S&P or the E-mini Nasdaq. Which one do you want to trade? I'm like, I don't know. Give me an E-mini S&P. Like literally it was like that. Sit down. Just like that. I just went staring. I'm like, okay. I was trading one loss. Like my limit was like one or two. Right? That's how I started, guys. I did not... I was not given a thousand loss to start trading.  Yeah, you have to have the backing or the financial means. But I wasn't sure. I was trading one loss to start. And I was just putting in one loss and getting out, putting in my very first day, putting in just one loss. And I was not holding them. I was getting in and out. I lost $2,500 trading one loss my first day. I was about to get fired after my very first day. Right? So then I went through months of that. I went my very... My first two months, I did not make money one day trading. Thank God I had a friend that got me in the firm because I was about to get fired like I told you after the first day. But anyway, it got to the point where I was down probably, I'd say 10 or 12 grand, which is a lot of money trading one loss. I was about to get fired. I went on a fishing trip with my buddy. I'm not a big fisherman, but it was a good time to get away and clear my mind. He recommended I read reminisces of a stock operator. We haven't talked about that for a while. We'll do that next webinar possibly. Read that, got my head on straight, came back and 9-11 happened. The markets were closed for a week. I jumped into the Dats, German Dats, because I needed to trade something and try to learn what the hell I was doing. Then I started seeing these same patterns like with the order flow back then just staring at the gnome. And then I just started to learn like how the market would react to the big orders and being first in, first out. And this is all different stuff back then, but I found an edge and it literally light went on and I went into the owner of the firm's office. Mind you, I was about to get fired and I just started making money. Then I started, then I got even, I think I was up like maybe five or 10 grand. The thick of the boldness of this, this is how when I know I have something, how certain I am kind of like this stuff that I'm trying to pray to you guys to understand, I knew I had figured it out. I knew I had it. I went in there. I was up like 10 grand. The top trader at the time had made $1.8 million, $2 million the year before. I went in there. I said, I will bet you make a bet with you that I am your number. This was 2002. January 2002. I said, I'll bet you I'm your number one trader by the end of this year. Here you go. That's a lot to all of you guys. 13, 8, 9, 10. Surprise, surprise, surprise, surprise. So I made him a bet that I was a number one trader. I was up $10,000 and I did it. I made my 2002. I made 2.4 million bucks. It was the top trader in the firm. That's how certain I was. So leap forward to this. Same thing guys. The minute I was out of trading, I was not trading from 2013 to 2016-17, was out of the business. Dr. Britt Stingbarger wrote the book in hands training performance. That's on here as well. You guys can get this book. It's a great book as well. But I'm in here. I have to worry about my heights and my downfall. This is right at the beginning of my downfall. If you want to read that, that's really fun too. But he recommended, hey, there's this new software called Bookmap. You want to check it out. It reminds me of what you used to do because he had to sit behind me for a year to watch how I traded to put me in the book to get ideas or whatever. So he recommended Bookmap. The minute I saw this thing, and this was before this stuff, I said I'm back, right? Just based on the liquidity and everything else. Then they came out with the sub chart and I said this is the most important.  So guys, that's what I'm saying. When I know I've got something, I know I've got it. And I'm begging you to please understand if you are not using this information, you do not have all the information. You just don't. You don't. I don't care how great of a trader you are. You could be much, much better by understanding how the market reacts to this. So quickly, I just will draw this zone and I will trade it. I hope it's to the downside. But we'll take a quick look at where we're at and then I know there's another guy going off here. We're already started, I think. That was that and you heard it. 1300, 1400 stops, right? So that is a major puke. Let's take a look where we're at. And here we are. This is an area we already know that's not potentially real selling, right? It's usually disguised puking or this very important zone. This could bounce right here. I will play this to the long side if it gets out of here and I could play this long aggressively just because I know how important this zone is where this launched from, right? Directional conviction, buying tail, buying tail out of here that led to 100 plus point move. Here we are again, right? So this should react. Well, if I do put on a long and I lose or even if I don't put anything on if this melts right through the zone that is telling you something, watch out below. This should react. You'll probably screw the shorts, probably come up into these. That's even better, sure. But I will let, but these are all ideas. Now I let how the market reacts to this volume event. Tell me what I'm going to do. And we've gone over this whole webinar. So that's your zone. Wait for ATR below or above to determine what it is and then trade it. That's exactly what I'm going to do. All right, guys, I'm out. I'm out of gas. That feels like I've been talking for about five hours. So thanks for having me. And I will see you guys next Thursday. Yeah, thank you, Scott. Really good stuff there. And thanks for sharing your experience. Great stories with the valuable lessons. You've also demonstrated live just how important these ATRs are. So yeah, keep an eye on those guys. If you feel like you've learned something, please hit that like button and reach out to Scott if you have more questions. But we'll see you all again next week. And thank you for watching. Appreciate it. I'll see you guys next Thursday or in my trading room. Thanks. Cheers. Bye-bye.