How Bookmap Helped Me Today
Dear Traders,
This is Brian, writing on behalf of Andrew.
Thor and I traded the open today, and it turned out to be a great day. Tesla made an Opening Range Breakout, and on the first small pullback, I decided to go long, but instead of buying the expensive stock, I used Options. I caught a nice move up, and when Thor suggested we were approaching a selling zone, I decided to exit my position. He was spot on, it turned out to be close to the high of the day. Thanks to Thor, I ended up having a great day.
If you like to learn more about options and some of my option strategies, you can read my book, How to Trade Options.
As usual, I was using Bookmap to get an indication of where the price was going. It’s a fantastic tool for spotting large orders, and the price often gravitates toward them. This gave me extra confidence in predicting where Tesla was heading.
You can also learn everything about Bookmap in one place, during our new weekly Bookmap webinars held by Nathan.
Nathan grew up in Southern Illinois and attended pharmacy school at the St. Louis College of Pharmacy where he earned his bachelor’s degree in pharmacy. He has been a licensed and practicing pharmacist for over 20 years and is a Blue Jacket award winner from Bookmap.
The “Intro to BookMap” sessions will show you how to set up and use BookMap, giving you tips that can boost your trading right away. Whether you’re new to it or just want to get better, this webinar covers key things like reading the Heatmap, setting up add-ons, and understanding volume profiles. The sessions happen every Wednesday at 12:00 PM ET and are available to all Elite members.
Another resource for learning about BookMap is “BookMap for Traders: Concepts, Technicals, and Live Market Analysis” course on Trading Terminal with Roko.
Get 50% off Bookmap for Traders
Dr. Roko Rasin teaches how to master Bookmap, starting with the basics and moving to advanced tools. With live videos, detailed slides, and expert tips on using Bookmap with Time and Sales and Level 2 data, you should be able to leverage Bookmap in your trading.
Make sure to join Nathan’s sessions on Wednesdays and take advantage of our special offer on Roko´s course with 50% off. Both are perfect tools to improve your trading with Bookmap.
On the market side, today stocks held near record highs, with both the S&P 500 and Dow continuing their upward run, following the optimism from last week’s interest rate cut by the Fed, which has provided a strong boost to the markets.
NVDA remains a stock in play, after a positive session on Tuesday it is climbing higher, with CEO Jensen Huang having completed the sale of over $700 million worth of shares as part of his trading plan.
Chip stocks remain in play, with MU surging 17% following its quarterly earnings report today in after-hours trading. Expect MU to be on our day trading watchlist tomorrow as we look for new opportunities to capitalize on this momentum.
Lastly, we have launched our biggest sale: Elite Annual membership for 60% off.
With an Elite membership, you will have access to all the Advanced, Options, and Strategy courses on BBT Education Center. You can also join the weekly strategy sessions, where you’ll learn specific strategies to help boost your performance.
If you are already a member, you can still take advantage of this Flash Sale, and we’ll add one more year to your membership.
If you prefer to have access to the $50,000 Funded Training Account, you can purchase a Diamond Annual Membership.
Diamond membership includes a full year of Elite access, giving you everything you need to take your trading to the next level.
I hope to see you in the chatroom tomorrow morning.
Brian
