How to Read Level 2 Time and Sales, Tape Reading – Day Trading for Beginners 2022
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🔽Time stamps:
1:34 What is Level 2 Market Depth
5:13 What is Time and Sales (tape)
7:35 Adding and Removing Liquidity from the market
9:15 How to get good at reading Level 2 and time and sales
10:25 What to look for on Level 2 (Order stacking & Hidden Orders)
14:52 How to use the stock chart and Tape together
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How to Read Level 2 Market Depth:
The montage window show the pending orders waiting to get filled. In Level II you’ll see bids and asks, exchange routes, order size to buy and sell.
-L2 Bids are the buyers
-L2 Asks or Offers are sellers
-Colors: No meaning, but can show buyer or seller stacking orders
-Exchange routes: where the orders are sent from
How to Read Time and Sales or Tape reading:
T&S show real time orders from Level 2 that got filled.
-Red prints are orders filled on the bid side
-Green prints are ordered filled on the ask
Using the chart, Level 2, and Time and sales together can tell you when a stock is selling heavy, order stacking, hidden sellers or buyers.
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Link do vídeo
🤔Do you use Level 2 and T&S when trading???
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I like the way you explained .
My head imploded.
Hey just curious, are you Vietnamese?
I learned new things from this video , thank you for posting it.
how much can i make if i deposit 2500 on this broker, do i need 5k to trade 1 hour time frame and make decent profits?
Great video!
in the Tape, is the Red always buyer and green are seller? sometimes i see different color, like white
Hey guys one question. Where can i see the lv2 data on ibkr mobile, i have the subscription and everything
Thanks 👍
Thank you so much. I am just starting to trade and suffered some trade not executing which i thought i badly needed to average out. I’ll subscribe to level 2 data and give it a try.
I do have a question, do you trade options or stocks. And if it options, how far out are you buying the contract for while day trading.
Thank you again!! Good luck
Another great video…by the way…it's 'hit the bid' or 'lift the offer'….keep up the good work!
Now that was funny… made me laugh… not all asians can do math….lol.. good job!
Thank you, great video!
I’m a fan.. funny and insightful… nice job
Hi Who are you with for Das Trader Pro platform? I used it before, but the company I was with closed down. Looking for new. Much appreciated. Thanks!
thank you ive watched so many videos with lvl2 not knowing what theyre looking at,, but now i do.
Did it further dump after the halt? Plssss reply… thanks
Excellent material , hello from Bolivia !
What do the white prints on the tape mean?
Good video. Just FYI for others note… Level 2 is comprised of limit orders. Doesn’t take into account market orders
Hahahahahahah 💀
I lost you in the last part where you basically predicted the dump l
Great info! I should have learned these things before the GME YOLO
Has anyone tried reverse engineering their file recordings? Looks like a good high frequency log which would be great for deterministic bot development
Of course, regarding last comment, you with your cash, me with my cash. But you're absolutely right hear in terms of l2. Useless.
I wish you lived closer to me so we could trade together.
Can you make a Tutorial video how to create your lvl2, time n sales , window color ?
Is fluff common in penny stocks alone?
“The best way to get good at reading the tape is to hit the like button.”
ROTFLMAO!!!
You are my favorite by far. Great info, best personality. Love to laugh and learn. the best way to remember info. Thank you….
Is time and sales a good substitute for using the NYSE ticker?
Level 2 is a must of cause. It is way better than all the candles, Level 2 predicts the future.
For anyone looking to get started in technical trading, she is on point. Very thought out and well crafted information.
Really clear video, thanks
Beware of beans, they make you fluff.
"🍻CHEERS SHAY!"
Very helpful, thanks!
What level 2 are you using?
🍻 Cheers Shay!
🍻 Cheers Shay