Jea's website is UndergroundTrader.com.

Tim Bourquin: Hello everybody and welcome back to TraderInterviews.com. Thanks very much for joining me for another show this week. I'm speaking with Jea Yu and he's been a trader for a very long time back in -- when I first started my website probably in 1996, I think Jea was already trading. But we'll hear from him about how he approaches the markets and his trading strategies for finding good opportunities. So, Jea thanks very much for joining me on the phone today.

Jea Yu: Tim, it's great to be here once again. Thank you.

Tim Bourquin: All right. So, when did you start trading?

Jea Yu: I got involved with the market probably back around '95, '94 just dabbling. It's just an evolutionary process. You know, you get intrigued by the markets and you start reading the quotes in the papers and start doing research, and you fall into this belief that a company and a stock are the same things. So, invest in some stocks, watch them tank while there's no news and then that's just what kind of triggered me to delve a little deeper through the 15 or so years. Now, I've come around full circle, coming up with a system that pretty much just -- it pretty much just measures the actual price action for a stock as far as fundamentals and that's pretty much just a buffer to kind of let you -- allow you to sleep at night. But it's all about supply and demand you know and that's what the system is based on. It gauges that. It gives you a road map.

Tim Bourquin: All right. So, discuss briefly how you watch price action. You know maybe talk about a typical day for you and things that you're looking at in the markets and where you might find a good trade.

Jea Yu: Sure. First of all, we have to understand and agree that a stock can be in an uptrend and a downtrend at the same time synonymously. It's like the weather fronts. It's not going to be cloudy or its not going to be sunny all the way across the United States you're going to have weather fronts. You know, short term, it may be sunny outside when you walk out your door, but on the Doppler radar, you know, 60 miles away there could be a thunderstorm on its way or God forbid in my case, a tornado last week. So, once you understand that concept, it parallels the stock market in a sense that people fall into this misbelief that, you know, if a stock uptrending, it should be moving up steadily everyday buy and hold because the charts say so. That's so generic. The reality is that even the best uptrending stocks, maybe uptrending on a wider timeframe, say weekly or a daily timeframe, but intraday, you know, that 5-minute timeframe or 15-minute timeframe, it could be in a nest breakdown. And so, in order to get the best clarity out there especially as a trader who trades intraday, you want to make sure first of all that naturally, you know, the wider time frames the wind is on your back and then you break it down into bite-size pieces and make sure that the shorter timeframes, 1, 5, 15, and 60, which are the intraday timeframes, converge. And it's at that moment of convergence where you have that clarity, the transparency, the window of opportunity to be able to step in and capture the price movement for profit. You see, stocks will always move and they will always chop up and down. But there's a big difference between saying "Hey, the stock is in a 50-cent range and it's simply in a chopping action" as opposed to "Hey, the stock is in a 50 cent range, but I can catch 35 cents of that move because that's got this foreshadowing patterns that trigger." I got in and sold in to the buyers on the way out.

Tim Bourquin: You know this confluence that happens on the shorter term timeframes, is that around a previous high or a previous low? What kind of things are you looking for?

Jea Yu: Well basically, you know, first of all, I always start off looking at the wider playing field. And so that means, you know I'd start up with the daily charts, I'd scan through a whole bunch of stocks. On weekends, I scan through the monthly and they weekly as well, okay? But they're not going to affect the intraday as much unless you're near certain bumper levels. And bumper levels if you can imagine like your pinball game, okay, you're going to have bumpers and the wider the type then the more significant these bumpers are and they're composed an upper or a lower Bollinger Band of a 50 or 200-period moving average. These tend to carry more weight. But like I said, on a day to day, you know I scan through a whole bunch of stocks and a lot of times, I'll start off with the ETFs for these sectors and work my way down. And I'd find stocks that are trading at these bumpers. One of my favorite patterns is a daily -- is a hammer pattern that it closes right at the daily lower Bollinger Band or a shooting star that closes right just under the daily upper Bollinger Bands, okay. When that happens, that tells me if there is room to that 5-period moving average. All that in between, that lower bumper of the low Bollinger Bands in a 5-period moving average bumper, that's all nice meat that you can step in and take a nice big bite of. Today is a great example from McKesson MCK, a nice, beautiful daily hammer. We caught it for a nice move from 6283 to 6350, all right, daily hammer and then tighten move back to the daily five. And then naturally -- first of all once you spot those, you know that's just the outline of the playing fielders of, you know, the pinball game. Then you have to make sure that your shorter timeframes are aligned. So, when we first spotted that - a spot in McKesson symbol MCK to collect the 60-minute chart and I noticed a 60-minute 5-period movement average sloping up and a formation pattern -- one of my patterns called a mini puppet formed. And the 5-period moving average just kept bouncing and bouncing and bouncing and holding support. So, the 60-minute looked good. The 15-minute moving averages were in an uptrend, those stalled. You know the five-minute chart, however, even though it's uptrending, the stochastics were coming down. So, with that does is that provides an opportunity for us to sit back, watch near that support level and step back in on that -- on the bounce, on the ride before the 5, 15 turned back up. And the key to that was the 1-minute stochastics. When the stochastics had made a bounce, triggered the buy at 6283. Once the 1-minute stochastics bounced and the 60-minute's last support held firmly the 5-minute stochastics turned back up and started at that the 15. For those charts, the 5, 15 and 60, okay, and in the 1 minute when they all turn back up, an interesting thing happens, okay. The stock pretty much just jammed. It sling shot right back up to 6330 by 6340, okay. And it's at that point where a lot of people are going to say, "Hey, wait a minute, this chart looks pretty interesting," you know, and jump in 6340 or 6350 and chase it and by that time, were already selling, okay. So, the key is to understand by the time you get four timeframes all converged, it's too late. The name of the game is find that transparency before it becomes too transparent and therefore, you have to do your research ahead of time, you've got to prepare. Once you know the bumpers, once you know the set up, the trading plan, it sets itself up and it's simply a matter of stepping in on the triggers. And let me just add Tim, that's hardest part of trading. Pushing buttons, you know, and buy and sell keys, okay, and people saying that "Hey, you know, I sat in front of the screen for 8 hours, you know, 6 to 7 hours today and busted my tail and made some money in the morning, but I gave it back in the afternoon. You know, this is a tough racket, it's a tough racket, okay." But that's not working harder. That's not where the game is. Pushing the buttons is easy, okay. The hard part is getting up early or doing the research at night or in the weekends to find these setups ahead of time so that when you're hitting that buy button or the sell button, okay, that's all premeditated. That's all premeditated. And we had an idea, high probability targets with high probability patterns and then the rest, we let the market play out. But we're prepared ahead of time to get in and we're prepared ahead of time to get out. And that's trading in a nutshell.

Tim Bourquin: All right. So, on that daily hammer, let me ask you this. It closed near the top of the Bollinger Band? Is that what you said on the daily hammer?

Jea Yu: It closed at the lower Bollinger Band.

Tim Bourquin: The low Bollinger Band, all right. Then do you buy it on the open or do you wait for it to open and see how it works first?

Jea Yu: What we do is we actually wait and see how it opens. What we do know is that that lower Bollinger Band now becomes the bottom, okay, and it has to hold that lower Bollinger Band. So, we give it some time off the open to let the intraday charts play out. See, that's the thing you have to keep in mind. You know a lot of people would just use the daily charts and then kind of take their chances. We don't do that. Basically, it opened -- it actually gapped up to 6350 and sold right off, all right, even as the market was grinding higher. And that was great because it just gave us an opportunity to step in. Now, if we'd only looked at the 5-minute chart and the 15-minute chart, we would've seen the stochastics, the engines coming down, and would have been like, "Wow, wow, you know, we're not stepping on that. The market is going up and this sucker is coming back down. What a piece of monkey crap." But, if we looked at the 60-minute chart, what we realized is that that 5-period moving average support is slowly grinding higher. The buyers are actually lifting their bids it just got ahead of itself on the gap up. So, when it pulled back down and it held it and coiled back up, it retriggered that mini pup, which gives us the heads up, a foreshadowing indicator like a Doppler radar that the weather's going to change. Not to mention the wind was on our back 'cause the SPY was breaking through -- the SPY was breaking through a daily 200-period moving average at the upside.

Tim Bourquin: Describe that mini pup. You've mentioned that a couple of times as one as of your trades as well.

Jea Yu: Okay. Yeah, a mini pup is a pattern on the stochastics where -- first of all, an uptrend is higher highs and higher lows and usually this is signified by the -- at least with my charts, it uses a 5 and a 15-period simple moving average, okay. It's very simple. Stock goes higher, 5-period moving average is going to update higher first and then the 15 is just going to be dragged along. So, you have a 5-period moving average, which is your lead support on an uptrend and same on downtrend, okay, and a 15-period moving average, which is your final line of support. So, as the stock moves up -- you know, stocks they're going to chop, chop, break out. And then on that breakout, the difference between a breakout and a wiggle because they're both identical, okay, is that on the pullbacks, the breakouts pull back to a higher low because the buyers are stepping up and lifting their bids. So, as the stock grinds and grinds, eventually what it's going to do is you can get to that point where you get a little short term capitulation buying session. People are going to come in, they going to jam it up, it's going to tag an upper Bollinger Band, it's going to exhaust, and it's going to pull back down. And when that happens, once again, you want to watch the 5-period moving average. And there comes a time where that 5-period moving average is really going to get tested hard. And the stochatics is going -- when it stock moves up, stochatics once again a lead in laggard and perform of a percentage the oscillator and the percentage the slow oscillator. When a stock stops moving up and it stalls out, that lead oscillator is going to stop moving up, but it's going to stall and goes sideways while the laggard is still coming up. So, as the 5-period moving average is testing on the price chart, if that 5-period moving average holds and bounces back up, the lead stochastics percentage is -- instead of stalling and crossing the percentage deep slow back down, it's going to stall and then it's going to slope right back up. It kind of forms, you know, it looks like -- I don't know what it looks like -- it looks like a handle, you know, almost like a cup and handle, you know. And when that happens, that where you get a short squeeze that comes in and the short gets squeezed first and wants to try the break that 5-period moving average then you get the buyers that are coming off the fence and the trend resumes. And those are the best because you're not sitting there predicting anything, you're letting the shorts come in. They come in, they'll try to take that 5-period moving average down that's lying on the sand and when they squeeze and throw in, you know, they wave that white flag, that level has been tested, it's been market tested, you know. We would inspect if nine or whatever like in the Hanes commercial bam, done, all right. Step in and take it to the next leg up. That's what a mini pup is. And then just do the opposite from mini inverse pups.

Tim Bourquin: Okay. This sounds like you've got a system in place to give you ideas, but it's also -- you've got a lot of experience watching these things and kind of getting a feel for the behavior. Is that because -- are you watching just a specific basket of stocks are or will you trade these set ups in any stock in the market?

Jea Yu: Oh yeah. Yup. The methods are linear across all markets. Now, when it comes to stocks, you know, you've got -- they work on all stocks as well, but where it gets fuzzy is the wiggle room, okay, and how a stock trades. And that's the one thing where it's very important. I always tell my traders, don't just jump in the alerts. Make sure you understand the wiggle room on these stocks. You know, trading a Cisco, which moves like molasses versus trading Amazon that's two different worlds. They're both going to move through the same patterns, okay. But Amazon is going to have a hell of a lot more wiggle room and you have to take that into consideration as you allocate your size accordingly, all right. That's one of the other flaws with traders. Oftentimes, you know, they want consistency, they want a foothold of consistency so bad that, you know, they figure well I'll just play 100 shares Amazon and I'll play 100 shares Cisco. You can have five winners scalping you know on Cisco with 100 shares, but one loss on Amazon and it wipes it all out, okay. It's not that easy, you know. Just put a little more effort and the effort is what gets rewarded.

Tim Bourquin: How long did it take you to kind of come up with these as these are the strategies I like and they work for me? Did you try a lot of different things? Did you learn it from somebody? How did that come about?

Jea Yu: Yeah, it's simply an evolutionary process -- absolutely an evolutionary process Tim. You know, I started off just watching level II when timeless tales back in the good old days and the chat room crisis, you know. I mean level II worked for awhile. You know, you watch actual market makers, and watch the time and sale with the blocks and then they got a little inconsistent. So, I found stochastics oscillator and usually these stochastics oscillators were used on a wider timeframe charts. I decided hey you know what, let me try it on a 1-minute chart 'cause there's a thing called linearity. You know, if you works on a daily, maybe it might work on a 1-minute. And to my surprise, it worked out beautifully, it worked out absolutely beautifully. I was scalping AMAT Applied Materials back in the days. The good old days of fractions. You know for a point, two points in oscillation? And that was great, you know, until I ran into inconsistencies. Whereas, you know, AMAT may get a full oscillation in the morning for, you know, a point and a half scalp. In the afternoon, maybe it would pop a quarter of a point on the full oscillation and then once the oscillation is slipping way back down on the 80 band, it would count two points. So, there was some inconsistency there and it's that void in the system -- the void that has to be filled. And that's when I set out to find out well how can I make this a little more consistent. You know, one indicator is not ever going to be the end all. And I had a friend of mine who was, with a hedge fund early in the hedge fund days, you know. He showed me this thing called a moving average chart and the 5, 15-period moving average. So, he explained to me, you know, this is what the trend is. Now, he didn't have a stochastics oscillator, but what I realized was that oscillators are great okay. And it gives me an idea of when things are oversold or overbought and when the momentum is going to turn. It gives me little inflection points. But what I realized is, if the trend is up and I catch the stochastics bounce, that's when we get the one and a half, two point pops. If the trend is down and I get that stochastics pop, it's just popping to that 5-period moving average resistance area, and once that resistance holds long enough for the stochastics to turn and walk back down the stock collapses and resumes with the trend; and bang, a light bulb went off. I'm like this is it. I found it found my system. This is back in what? 2001? I thought that was end all, you know. But as it turns out, there were still some voids, there were still some voids in that whole circle of knowledge and that's when someone in the chat room with me, his name is Raul and he had kept talking about multiple timeframes and using these multiple timeframes. And, you know, I figured that 1 and the 3 was all you needed. Well, Raul taught me that what you see now, okay, is not -- especially the 1 and the 3, is not something that's -- you know, in the overall scheme of trend is a blip. And the wider timeframes, okay, that's ultimately, you know, where a stock is going to go. The 1 and 3-minute, you know, that's very shallow, but if you want the deep undercurrents, look at the wider timeframes. So, I started incorporating the wider timeframes simply because I was getting chopped around so much in the 1 and 3, you know. And then once I opened up a lot of timeframes, I realized "Whoa, wait a minute, there is a mini pup forming on the wider timeframe, yet the shorter timeframes is telling me that, you know, this stock is going to breakdown." The McKesson MCK, perfect example today, 5, 15 minutes stochastics coming down. Anyone looking at a 1, 5, 15 is going say, "Oh, men, I'm not going to jump into that. What are you nuts?" But if you look at daily, see the hammer, the solid support and the hammer and then the 60-minute mini pup forming, you realize, whoa, you know, the bottom and the support is just 10 cents below where this sucker is trading right now. You see what I'm saying? So, by the time I got all those put together is probably 2008 where I got everything together and then the final component was having the -- using the intraday -- I'm sorry, the pre and postmarket data on stocks. So it's using on futures constantly, but I never applied them to stocks. I didn't think there was enough volume. Wrong. The more data you have, the clearer your picture is going to be. I've seen that happen numerous times and thanks to, you know Cobra Trading and the Cobra IQ platform because the premarket data was already defaulted in there. So, I was just dealing with these charts that already had premarket data and I was having so much more success. So, by 2009, you know, that's it man. I got it all figured out. You know, every void is filled and we are back to full circle. And I was --

Tim Bourquin: So, you know, that's great. Repeat the -- you said, was it the Cobra IQ, you said? The platform?

Jea Yu: Yes Cobra IQ platform, www.cobratrading.com. It's the most stable platform. And like I said, those premarket charts, I call them Rifle Charts, okay, they were developed on there. I was using the Real Tick and Trade Station and I still got Trade Station and I got other data feeds, you know. But a lot of these guys, they don't really care about the premarket data so they don't put too much effort into it and there are inconsistencies depending on your platform and your package. And I've logged in to over 2000 hours easily with the Cobra platform and, you know, that's the most consistent. That's the one that I go with.

Tim Bourquin: All right. Now, going back to the -- you've mentioned the 5-period moving average, the simple moving average several times. Is that on every one of those charts, the 1, the 5, the 15 and the hour, and daily? It's on every chart?

Jea Yu: Yes.

Tim Bourquin: Okay.

Jea Yu: Every chart; 5, 15 simple moving averages. Upper and lower Bollinger Bands, the two standard deviations, and then thrown in the 15 and 200 period moving average. They're not going to show up on every single chart because, you know, the stock price maybe too far away on some charts, but it's always good to have. I mean it's like having a gun. You know the better to have one and not need it than to need one and not have one, you know? So it's good to have those up there.

Tim Bourquin: Now-

Jea Yu: --those up on every chart, 1, 5, 15, 60 and daily and then the weekly and the monthly and you're all set. One more thing I might add you know I've also streamlined everything down to a one monitor setup. I used the -- before I used to have to reload, you know, a wider timeframe series of charts. But everything, you know, down to a one-monitor set up. They actually have the template. It's pre-formatted.

Tim Bourquin: Okay. They sound pretty reliable and that you were able to use these pretty frequently. How many times a day do these type of trade show up for you and when it does fail for whatever reason, where do you put stops? How do you decide when you're wrong?

Jea Yu: Okay. You know, the markets, they move in cycles, okay. But I'm not talking price cycle but cycles of tradability. And so, the key is -- and I always talk about context in the environment. You can have a setup at 10 o'clock in the morning and a perfect storm, okay, which is those mini pups in three or more timeframes. That is the end all, the best setup that I got. Okay, you got nothing better than that. Perfect storm. But it's got, you know, 90% accuracy rate. When you can get perfect storm at 10 AM, and it plays out beautifully, okay. You get that certain perfect storm at 12:30 during the what I call the dead zone period and it chops and just chops you right out and you know, you've got to throw the book right out off of the window, all right. So, what matters here is the context, the environment, as far as the market background, okay. And what I found is, usually, you're going to get the best environment if you want any type of consistency it's going to be from, you know, starting from 8:45 in the premarket timeframe to about, you know, 10:30, 10:45, 11:00 if you're lucky, okay. And then you get the whole dead zone period, but by then you should have made your money, all right. The dead zone period is from usually 11:00, 11:30 to 2:00, 2:30, okay. I take that off because I just been shopped at way too many times because of the thin volume, all right. And then you come back to the last 90 minutes of the day. Now as far as the numbers of signals they're going to trigger, once again, that's really going to depend on the overall markets. Now, what I do is I look at the SPY and if you have flat five 15-period moving averages, okay, that tells you that there's no trend out there and there's a whole bunch of chops. You've got to be really careful and be a lot more selective about your filtering and cut your allocations size down. However, if the SPY is in a breakout pattern, okay -- you know, like it is right now, with the daily pump breakout, you're going to get a lot more patterns, you know, that flow downwards. You know, its going to go to the sectors and flow down from the sectors. So, there's a lot more opportunities whenever the SPY is a breakout pattern. You know, apply the pup and the mini pup patterns to the SPY. When that triggers, you know ahead of time -- Hey, you know, there's going to be more opportunities. The other thing is that, you know, a lot of times these stocks are going to move and get a little too far ahead of themselves, okay. Well, that's fine. You know, as long as you understand what the tears are within those sectors, okay, you can always look for laggards. Another great example today this morning, SanDisk. SanDisk has been very strong, very resilient okay. Even though the chip sector is down until -- you know, slopped after, blow-out earnings. And Micron MU, that's the key one, okay. Micron just had some daily limited Bollinger Bands, okay, in the gutter. You know, SanDisk is very strong. So, once the SPY broke out today though that daily 200-period moving average, all right, through the 1, 11, 65, They retested it, held it balanced. Instead it just took off because we want SanDisk back and in the mid 43s, all right. So we couldn't get SanDisk. SanDisk is soaring high the clouds, but guess what? We got Micron that is still one foot in gutter, all right.bAnd that's what we stepped on, you know. So, we got in at 7:51, you know, 7 hours and 51 cents and we bled most of that out right down to 763 to 771, all right? So, that's added to your system. That's called playing the laggards, okay. So, you know once again, always start from the top and work your way down because the momentum and the money always trickles down. If the leaders are oversold, don't bother chasing them, all right. Work your way down the tears and play via the laggard money.

Tim Bourquin: Do you have a filtering or a scanning system that automatically finds these setups for you or is it just watching charts?

Jea Yu: Yeah. Unfortunately, I don't. I wish I did. Every week -- I have a weekly email that goes out. It's an opt-in. Anybody can go to UndergroundTrader.com and sign up for the free email. And I send that out once a week and in that weekly report, I go through and I put up my analysis and then I'll throw some ideas out there for the week. But I have to pretty much manually scan. So, I always start from the SPY and work my way down to the sectors. There is a program that I use StockFetcher.com. StockFetcher is actually free and then for like 10 bucks you can get the StockFetcher 2.0. It's in beta mode. It's like been in beta mode for the past 5 years. But it's got a nice scanner that actually scans for hammers and stars and ascending, descending triangles, you know double bottoms, double stops. Those are -- you know, that's usually way after the fact when it's just on a scanner. But I like the -- anything that's going to give you a star or hammer scanner, that's always great. I think Nison's got one. Steve Nison has one that does that too. I haven't had that the chance to take a look at that, but I'm sure it's pretty good. And you know, you start from there. If the market is strong and uptrending, you want to look for hammers that form -- okay, pull up a chart and if it's forming at a lower Bollinger band on that daily, well that's good. That's a meal right there. Okay that's a meal actually. So, like I said just like McKesson you know, awesome.

Tim Bourquin: I like this because you've kind of -- you're freely talking about these strategies you use because it's not a big secret, right? It's just finding something that works for you.

Jea Yu: Really, Tim, it's not. You know -- and people -- here's what it boils down to. All this stuff is already out there man. You have moving averages, I know all about them and stochastics are about them and all this stuff; and that's fine. The thing is there are nuances these stuff and having the right balance of the components together and most importantly, knowing when to set it off, when to use to it, okay. These tools they are weapons, all right, but they've got to be used. You cannot use a rifle underwater all right. So, the environment has to be measured. So, these are all little things, little tweaks, just little things that got calibrated throughout the years, all right. You know, once again, full circle is the whole underlying concept. Calibrate throughout the years, it's been documented, and spit out, you know.

Tim Bourquin: What about goals, Jea? Do you set goals in terms of dollars you want to make in a monthly basis since you're a trader full time? How do you decide?

Jea Yu: You know what, that's -- I used to talk about when I would set a daily goal, but you know what, I've given that up. Because anytime you put pressure on yourself to meet any type of monetary line in the sand, you put pressure -- unnecessary pressure on yourself, you know? Basically, you want to measure your progress on a weekly basis, okay. In fact, I know this sounds odd okay, but don't even think - don't even focus on profits. Don't focus on the money and don't focus on the blotter. If possible, don't even look at your blotter till the end of the day, all right. And I mentioned this in the most sincere way because people tend to focus so much on the end product, the profit, that I've got to make profit - that if I don't make the profit, I'm in trouble --that they neglect the process, okay. A + B = C. Well we know A is the starting point, okay, and that's when you get up in the morning and you start trading or when you start your trading journey. C is the ultimate goal. The profits, the profits, okay. What the people tend to take for granted and miss is B, the process. Well how does the stock move? You know how does this weapon work and what environments is at most effective in? You know, what, let me just focus on the process. Let me focus scanning, filtering when you find these hammers at the daily lower Bollinger Bands, let me focus on the convergent timeframes, and let me focus on allocating the shares correctly; and I'm just going to focus on that. And guess what? Something very interesting happens. C takes care of itself. The profits take care of themselves. They are a byproduct. And that why these should always be considered, a byproduct. Because your main goal is to work on calibrating the process, which is B.

Tim Bourquin: Right. I've heard that. I hear that from every successful trader. They talk about that. That the money will just come when you do everything else in the right fashion.

Jea Yu: Exactly, exactly. Because a big chunk of my system is filtering, okay. It's just like playing, you know, playing poker. You're going to throw most of the setups out. You know throw them out, throw them out, throw them out, to the point where you find something, where you'll say wow, you know, actually, it's too pretty. You know, I can't throw that out. And that takes care of itself. Because you want to meet the model of fitting a square peg into a square hole, a round peg into a round hole. And when it comes to discipline, when it comes to, you know, sticking it out, it's not about taking a beating and still hitting the buy button, okay. It's about how long can you weather the waiting period, okay. The resilience comes in the form of waiting and being patient, waiting, scanning, throwing your crab pots out there, okay and allowing things to trigger. That's what it all boils down to.

Tim Bourquin: All right Jea and one last thing here. Talk about you've got some new DVDs out with Trader's Library. What did you talk about in those DVDs?

Jea Yu: Right. This was the Chicago Expo and at The Legends of Trading Forum and I basically went over, pretty much my whole system that I spoke to you about. And, you know, if people want to get a more detailed and elaborate version of what I've said, they can definitely get that DVD. Obviously the book, "Trading Full Circle" has everything in there. I make a very key distinction, okay, about evolution. People think that markets have evolved, okay. And they haven't evolved, what they do is they've mutated, okay. You still have a version of it the institutional access only into the net. You know, back in the days, everybody wanted to get access to an InstaNet machine, you know. But now they leveled the market playing field and transparency. No. That's why you get - they've got bar pools out there, you know, with these -- look at your time of sales, anything past two decimal spots over from or two spots from the decimal point, taking these -- those are illegal, all right. Those are dark pools and the little guy has no access to those, okay. So, nothing's changed. It's still a game of hide the transparency, hide the transparency, don't let anybody see you, get in and get out. And by the time you finish -- you know, you got in, with everybody else, it's too late, you know. So, that's still the same. When it comes to a trader, he or she also has to understand the same concept. Are you just simply mutating, are you repeating the same stuff, all right, and focusing on the same stuff? Once again, focusing so much on the C that you overlook B. Everybody wants B to be easy, the Holy Grail, you know, one indicator, one system, B, all right. Now, I'm just focused on the C, all right. And that's how you mutate. Until you embrace B, the process, okay, you're not going to evolve. So, I make that very key distinction in the DVD and that's not in the book. So...

Tim Bourquin: I appreciate that Jea. We're going to link to Jea's website and to his DVD on Trader's Library as well as in the transcript. Jea thanks very much for your time today. I really appreciate you sharing some of these strategies. It's a lot to take in, but it's been some great stuff. So thank you.

Jea Yu: Well thank you Tim and one last thing. My website undergroundtrader.com, you can always sign up for a free trial. And also check out the intraday report that gets reported everyday on that and so is the alerts that were called during the day along with voluntary and then I put up a chalkboard, which is a chalkboard of one our trades and break it down. So, there's a lot of free stuff on the site too.

Tim Bourquin: Excellent, excellent.

Jea Yu: So, you go and get your feet wet. All right?

Tim Bourquin: That sounds great.

Jea Yu: Tim, I appreciate it. Thank you so much. Take care now. Bye-bye.