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home Funnels How to Read Level 2 Time and Sales, Tape Reading – Day Trading for Beginners 2021

How to Read Level 2 Time and Sales, Tape Reading – Day Trading for Beginners 2021



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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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DISCLAIMER: I am not a financial adviser nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.

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