That was an awsome learning experience today. I jumped in and back out with a 100 shares of paper trade money on think or swim and made 39.00 bucks. Lol. My first Green Day!
Same here! I never knew there was such a thing! But I'm guessing it may have been institutions that were accumulating the stock once they discovered what was going on.
@@DaytradeWarrior Absolute quality!! Why not, as you said near the end of the video, do a quick ride of the wave/momentum this whale was creating? If it's a short, it's a long, even a small one... right?
Taking Notes on this one!!!!! I will gladly take all the Level 2 training that I can get! This is also Great example of reading volume! (turning volume indicator back on as we speak!) This stock reminds me of so many others that have burned me! Typically I jump in during the middle of the first rip, then stop out while it trickles down......only to watch it spike back up. This exact pattern has caused me a ton of confusion & discouragement throughout the years, mostly with mid/small caps. Very helpful!!!! Thanks again Ross
Great Video Ross. Even after a year and a half of being warrior pro student it's always great to watch your RUclips videos. I always seem to get some new Perspective and knowledge out of them. Thanks
Your analysis, teaching through live stocks, coordinating chart with level2 orders is my favorite thing about you and when I learn the most. When you do this, I gain confidence. Thanks Ross. Btw, I saw this stock and was surprised but didn’t take a trade because my account is way to small. Have a great evening Ross! :-)
The mysteries of volume. Good eye for analysis of time and sales and level 2. Years ago I was shorting 10K shares and watching buyers buy 100K blocks into the close. My analysis was pure technical and probability based. My broker at the time was a market maker and had him call the floor to see if he could get any more information that's really hard to do. I was curious to know who was buying/selling. Essentially its confidential and off limits. I was swing trading at the time and the next day the stock broke down. My analysis was correct. I Love how you say this looks weak. This is my favorite place to buy. I am either right or wrong really fast. I think this was just a big trader setting up rookie shorts many times they will do a false break buy it up and sell all their open position into the short squeeze. This is called smart money. Follow the smart money. Many things can be learned by watching the volume very closely. 👍👍
So cool seeing this. This was actually my first big winning stock. No clue what I was doing I bought 30 shares around $48 with no day trades left and was forced to hold over night. I think the next morning it ran up to $160 or so. I was hooked after that haha
After watching you and picking up tips from you for about 10 days , I have finally stopped loosing money, I am gonna watch every video and everything you do and I bet I will be making money soon. A big thanks to you from everyone that trades. 👍
Love what you're doing here. Thanks for walking us through this trade with such detail and clarity. Subscribed and looking forward to comparing screeners with you. Cheers!
Damn good vid!!!!!! I was geekin' all the way through your analysis and finding. I need to get a better understanding of Level 2's. Thanks for your contribution to the 'little guy'. Great job Ross!
Opportunities like these are why traders trade. Great break down of the level 2 and the “hidden” buyer. Was definitely a tricky stock to trade technically.
I've learnt in this Video more than what I have since I started thinking about Day Trading... Thank you Ross... Definitely coming to class as soon as I can.
This video ages well. Now when you look at KRTX chart on the daily, you can see what that buyer was looking for. Gives you a new point of view coming back to this video again and looking at everything in retrospect. Ross you tha boss.
First thing I noticed was the bullish pennant pattern that it made. From what I was taught that means the stock is usually just pulling over for some gass before it decides to keep driving up. That high volume red candle fallowed up with a bearish hammer really threw me off also. That level 2 really helped identify this break out forsure!
15:05 Where do you see that the hidden buyer bought 33k shares where is the number on the level2? Time and sales or on bit and ask or where? i really don't see it. And if the hidden buyer set his limit order at 54$ and is buying and getting filled at 54$ why is the time and sales red and not green at 54$ like why are all the the orders that are going through at 54$ red and not green if he is buying the stock?
Damn it’s crazy to think of the different types of traders there are. At 20:30 how you talked about these investors that were taking potential shares of 200k making millions, and us on the other hand think 10k shares is a big position and others think 1k shares is even big. Everyone is still trading that stock but come from way different approaches?!
Great analysis Ross. Couldn't agree more. Someone clearly wanted this stock to go up, definitely not a typical retail stock. No doubt institutions were involved.
Ross, you are a mind reader!!! :) . I was actually searching youtube this weekend wishing there was a video showing how practically use level 2 while trading. I have found many videos telling us 'theoretically' about level 2 (yes we know we have buyers in one column sellers in second and sizes of their trades) but how to actually act upon this info... lol
Great video, very good analysis....the level II tape is going fast....hard to catch the hidden buyer....I guess you have to train your eyes for this stuff.....amazing insight Ross.
Great video Ross, and great videos from the weekend! I've made the 3 changes to my TOS account, can't believe the default settings? So much great info in these last batch of videos, from LULD, to hidden buyers, to TOS layout and changes, just awesome!! Thank you Ross! How about SSR on TOS? Not that I'm very short bias, just nice to know, thanks.
Thanks for watching! The best way for you to learn more about trading and how you can get started would be to join us in the next live Warrior Trading webinar. The webinar is free to join, and you will receive a copy of my best selling ebook "How To Day Trade" just for sticking around until the Q&A! You can learn more and register here, if you're interested: www.warriortrading.com/free-day-trading-class/
didn't find my way in here either - though I do appreciate your insight as to why stocks may defy certain technical analysis - might show some nice moves when there is more chart
The best way for you to learn more about my trading strategies would be to join us in the next live Warrior Trading webinar. The webinar is free to join, and you will receive a copy of my best selling ebook "How To Day Trade" just for sticking around until the Q&A! You can learn more and register here, if you're interested: www.warriortrading.com/free-day-trading-class/
Wish I would've traded the options on this. Each percentage point gained on the stock basically converts to 10 percentage points on the option side. Great stuff.
Thanks Ross! This is great! I'm just confused.... I know if someone is selling, someone is always buying. But what's the difference between seeing a lot of red in the time and sales and thinking the price is definitely going down rather than seeing a lot of red and thinking it is going to squeeze up (like you did here)? I know we could only see that one buyer at $54.00 with 500 shares, but was it the fact that we were seeing the selling be all at the same price for all that selling (at 15:05) rather than starting to see some selling at $54.00 then maybe $53.99, $53.98, $53.97, etc.? So then seeing that the red prices weren't going down, showed that there was a ton of buying at $54.00? Also, we don't see a seller at 54.00 either, so is there a hidden seller at that point too (at 15:05) who was the actual one selling to that hidden buyer you are speaking of?
It has a lot to do with where the stock is at within its move. If it is extended I am more concerned about the red, but if the move is just starting its ok
@@DaytradeWarriorThanks! Also, we don't see a seller at 54.00 either, so is there a hidden seller at that point too (at 15:05) who was the actual one selling to that hidden buyer you are speaking of?
Extremely informative video, Ross. Huge thanks for this one... Wasn't there also a hidden seller at 54.75? (at 24 min and 49 seconds into the video). If you see both big hidden sellers AND big hidden buyers, do they cancel each other out, and you keep on trading "normaly"? Or you don't actually know how big they are, so you just sit back and wait for it to unfold?
Hey Robert, there are always hidden sellers at levels. Many times the orders will either hold, which means that they didn't fill the full order, or the stock will move through that level which would mean that order got filled or was cancelled by the trader.
Made over 900 bucks on this one today, but really not happy about how I couldn't get in when it was climbing. But in my defense it was really scary lol. As you can see. But man, I had my eye on this one and should have taken the plunge and just cut losses if it didn't work out. But I'll take my 940 bucks. Also this was tremendously insightful thank you.
Incredible observations and so impressive. As you mentioned in another video, it's like gradually learning to play a guitar building your intellectual muscle memory to where it becomes instinctive - second nature. Though you were/are doing the small account challenge, no one could blame you for firing up the big boy account and taking a punt. If you didn't then you truly have the discipline of 'Yoda'.
someone is a genius, letting it set up a classic short analysis and then sucking up all the short sellers. I notice it was coming in blocks, probably to keep it from taking off too soon.
It pays to watch this man. After watching the video I saw the stock was still doing well so I jumped in and made a quick 60 bucks. Thanks Ross!
Appreciate that kevin, happy to help!
Excellent technical analysis kevin hamilton lmao
seriously...so many stock market videos to watch, i have chosen you to be my guru and regret nothing!
Love to hear it, that's why I do these videos!
Ross, this was by far, one of my favorite informational/instructional videos from you on Level 2. You are a scholar and a gentleman!
Thanks Randy, happy to share!
This was a great analysis...really helped me understand about hidden buyers.
I'm happy to hear that!
That was an awsome learning experience today. I jumped in and back out with a 100 shares of paper trade money on think or swim and made 39.00 bucks. Lol. My first Green Day!
Same here! I never knew there was such a thing! But I'm guessing it may have been institutions that were accumulating the stock once they discovered what was going on.
@@Jeff-xy7fv I agree!
@@DaytradeWarrior Absolute quality!! Why not, as you said near the end of the video, do a quick ride of the wave/momentum this whale was creating? If it's a short, it's a long, even a small one... right?
Taking Notes on this one!!!!! I will gladly take all the Level 2 training that I can get! This is also Great example of reading volume! (turning volume indicator back on as we speak!)
This stock reminds me of so many others that have burned me! Typically I jump in during the middle of the first rip, then stop out while it trickles down......only to watch it spike back up.
This exact pattern has caused me a ton of confusion & discouragement throughout the years, mostly with mid/small caps.
Very helpful!!!!
Thanks again Ross
Love to hear it, keep it up!
Great Video Ross. Even after a year and a half of being warrior pro student it's always great to watch your RUclips videos. I always seem to get some new Perspective and knowledge out of them. Thanks
You're welcome Marcel!
He's so humble...! Thank you, Ross. Sadly I can't afford to join your community but I will follow every bit of knowledge you share on your videos.
Your analysis, teaching through live stocks, coordinating chart with level2 orders is my favorite thing about you and when I learn the most. When you do this, I gain confidence. Thanks Ross. Btw, I saw this stock and was surprised but didn’t take a trade because my account is way to small. Have a great evening Ross! :-)
Thanks for that InLaws, appreciate it!
The mysteries of volume. Good eye for analysis of time and sales and level 2. Years ago I was shorting 10K shares and watching buyers buy 100K blocks into the close. My analysis was pure technical and probability based. My broker at the time was a market maker and had him call the floor to see if he could get any more information that's really hard to do. I was curious to know who was buying/selling. Essentially its confidential and off limits. I was swing trading at the time and the next day the stock broke down. My analysis was correct. I Love how you say this looks weak. This is my favorite place to buy. I am either right or wrong really fast. I think this was just a big trader setting up rookie shorts many times they will do a false break buy it up and sell all their open position into the short squeeze. This is called smart money. Follow the smart money. Many things can be learned by watching the volume very closely. 👍👍
👍
One of the coolest videos yet. I really enjoyed. The lesson within the lesson. You are a true master of your trade. Thank you for your awesomeness !
Thanks for watching!
I am starting to unsubscribe to tge others and focus on to you. I am learning so much. Thank you for teaching and making more videos like this
It's my pleasure Sharon!
So cool seeing this. This was actually my first big winning stock. No clue what I was doing I bought 30 shares around $48 with no day trades left and was forced to hold over night. I think the next morning it ran up to $160 or so. I was hooked after that haha
👍
Ross, you are amazing. Thank you for being such a generous teacher. Awhile ago you were down and after introspection you are rolling again. Thank you!
Thanks Adam, appreciate the support!
jeez ! you are so darn god ! once i had enough money i'll join ur class !!!!!!!!!!!!!!!!!
After watching you and picking up tips from you for about 10 days , I have finally stopped loosing money, I am gonna watch every video and everything you do and I bet I will be making money soon. A big thanks to you from everyone that trades. 👍
Wow, awesome to hear, glad the videos have helped!
Love what you're doing here. Thanks for walking us through this trade with such detail and clarity. Subscribed and looking forward to comparing screeners with you. Cheers!
Thanks for watching!
very useful video, watched it 3 times and went back many times. So valuable! Thanks Ross, cant thank you enough for making these videos.
Great video - finding that Level II spot to know big whale in the background supporting and using that to make a great play
Thanks Kim!
Made today 20% on KRTX on my 100$ challenge, tiny step on this journey, long way to go
What a crazy run at 2pm krtx hit 100$ per share
Awesome work DBA!
Made over 2k trading KRTX
Nice Tyrell!
Damn good vid!!!!!!
I was geekin' all the way through your analysis and finding. I need to get a better understanding of Level 2's. Thanks for your contribution to the 'little guy'.
Great job Ross!
Awesome, thanks for watching! Search the channel for level 2 we have a few other videos on it as well!
Thank you so much for sharing - you are the find of my life in my day trading learning journey -
It's my pleasure!
I have been trading for years and the way you teach and explain is just amazing. Its not what you know its how you teach it.
right on!
Celena’s RSI tutorial really helped me with KRTX today, made $254 with 100 shares, that’s $2.54 per.
Thanx Ross for having Celena on your team
Cheers
Awesome, really great to hear it Ruststar!
Excellent analysis of the Level 2 mate, one of the best I've seen. Liked
Glad you enjoyed! Appreciate the feedback!
Opportunities like these are why traders trade. Great break down of the level 2 and the “hidden” buyer. Was definitely a tricky stock to trade technically.
Happy to help, it certainly wasn't an easy trader.
I've learnt in this Video more than what I have since I started thinking about Day Trading... Thank you Ross...
Definitely coming to class as soon as I can.
Just discovered this video. This was extremely helpful for me in understanding how to read Level 2. Thanks, Ross!
Glad it was helpful!
And here we are, 7 months later and the stock is indeed $100+ ... very interesting!
👍
132 today. Solid predictions. My hindsight isn't even as good as your foresight my man. Thanks for sharing.
Thanks for watching!
Like the analysis aspect Ross. Keep up the good work! Thanks for the very useful information.
Glad you enjoyed! Thanks for the feedback!
This video ages well. Now when you look at KRTX chart on the daily, you can see what that buyer was looking for. Gives you a new point of view coming back to this video again and looking at everything in retrospect. Ross you tha boss.
Thank you Casey!
Awesome breakdown of the KRTX morning rally
Thanks Alex, hope it helps!
Alex, just started following your channel! Did not know you were in Ross comments🤣 see ya monday.
There is so much unadulterated wisdom...many thanks
You're welcome!
Great vid!!👍
Thanks for watching!
First thing I noticed was the bullish pennant pattern that it made. From what I was taught that means the stock is usually just pulling over for some gass before it decides to keep driving up. That high volume red candle fallowed up with a bearish hammer really threw me off also. That level 2 really helped identify this break out forsure!
It certainly can help at times that's for sure!
Always excited to hear your intelligence of the market Ross! Day in and day out
You bet, happy to share!
you are already famous from your ''Whats up everyone''
👍😂
So far the best / useful video I have seen as a learning day trader
Thanks Sreenivas!
There's more where this came from! If you'd like to learn more about our courses you can here: www.warriortrading.com/warrior-pro-info/
Listening to you explain this in the chat room and then watching it jump 10 bucks was unreal.
Pretty crazy right!
Getting good at Level 2 thanks to your videos ::)) TY!!!!!
17:50 it looks like a bull flag so the next move could be up?
👍🤓
fantastic video thank you man!
You're welcome Alec!
15:05 Where do you see that the hidden buyer bought 33k shares where is the number on the level2? Time and sales or on bit and ask or where? i really don't see it.
And if the hidden buyer set his limit order at 54$ and is buying and getting filled at 54$ why is the time and sales red and not green at 54$ like why are all the the orders that are going through at 54$ red and not green if he is buying the stock?
the red orders are the market orders selling to the hidden buyer
thannks ross for this video now i know why sometimes stocks doesn't respect technical analysis. i was so confused today and this video helped me alot
You're welcome Andrew!
love your analysis, thank you for your input
My pleasure!
Damn it’s crazy to think of the different types of traders there are. At 20:30 how you talked about these investors that were taking potential shares of 200k making millions, and us on the other hand think 10k shares is a big position and others think 1k shares is even big. Everyone is still trading that stock but come from way different approaches?!
That's right, there's many different types of traders
voice of calm, wisdom and discipline
I try James!
Great analysis Ross. Couldn't agree more. Someone clearly wanted this stock to go up, definitely not a typical retail stock. No doubt institutions were involved.
That's for sure!
I was a part of this stock yesterday. Made a quick buck off 500 shares. Learned a lot from this video as well! Thanks, Ross!
Nice, that's sweet!
Thanks Ross great video!
You're welcome Joshua!
Love your talk today ROSS...
Thanks John, hope it helped
Ross, you are a mind reader!!! :) . I was actually searching youtube this weekend wishing there was a video showing how practically use level 2 while trading. I have found many videos telling us 'theoretically' about level 2 (yes we know we have buyers in one column sellers in second and sizes of their trades) but how to actually act upon this info... lol
lol glad that it was a timely video!
Great video, very good analysis....the level II tape is going fast....hard to catch the hidden buyer....I guess you have to train your eyes for this stuff.....amazing insight Ross.
Experience definitely helps!
Great video just checked the stock today you pin pointed that CRAZYYYY
Thank you!
Sir you are real hero and best teacher and words can not be enough? I just start your Chat Room and I have learn lot from you .God bless you🌹🌹🙏🙏
Thanks Rajesh!
As always - another awesome video. Thanks Ross!!
Appreciate the feedback Jacob, happy to share!
Great video Ross, and great videos from the weekend! I've made the 3 changes to my TOS account, can't believe the default settings? So much great info in these last batch of videos, from LULD, to hidden buyers, to TOS layout and changes, just awesome!! Thank you Ross! How about SSR on TOS? Not that I'm very short bias, just nice to know, thanks.
Awesome, glad to help! As for SSR on TOS, I am not sure if they have that indicator, I would reach out to their support for that!
AMAZING video! Definitely the best one I've seen yet! You're literally the best
Thanks a lot Kelly!
Ross this is a great video! 😊
Thanks Manny!
I'm adding level two to my trade plan thanks to you Ross.
You're welcome!
Is there a way to make a TD Ameritrade scanner to get the similar scanning result like yours?
Daniel, I am not sure, I haven't tried.
That was great. Thank you. Not yet a trader, just trying to see if it's a for me.
Thanks for watching! The best way for you to learn more about trading and how you can get started would be to join us in the next live Warrior Trading webinar. The webinar is free to join, and you will receive a copy of my best selling ebook "How To Day Trade" just for sticking around until the Q&A! You can learn more and register here, if you're interested: www.warriortrading.com/free-day-trading-class/
Thanks also for this video Ross!
Thanks for watching!
didn't find my way in here either - though I do appreciate your insight as to why stocks may defy certain technical analysis - might show some nice moves when there is more chart
That's true Robert, nothing wrong with watching and learning!
Thank you for the video.
Glad you enjoyed, be sure to get subscribed for more content!
Great analysis. Thanks Ross!
Thanks Patrick!
Thanks Ross, for your time to teach great lessons. Very informative about level 2
Thanks for watching!
Great catch, love hearing your thinking process and learning from it !
Thanks for watching!
Hi Ross, Do you have a video somewhere about when to actually step into a position? What are the criteria to actually do it and what setup to use?
The best way for you to learn more about my trading strategies would be to join us in the next live Warrior Trading webinar. The webinar is free to join, and you will receive a copy of my best selling ebook "How To Day Trade" just for sticking around until the Q&A! You can learn more and register here, if you're interested: www.warriortrading.com/free-day-trading-class/
Great video i really enjoy watching your videos. Thanks
Glad you like them!
What software are you using to screen record or go back in time?
OBS
Wish I would've traded the options on this. Each percentage point gained on the stock basically converts to 10 percentage points on the option side. Great stuff.
Interesting, many of these low float stocks don't have options chains unfortunately.
Just shorted 20 shares on KRTX at 97, risk level 100$ whole dollar, covered 91.5, a quick 5 minutes trade, made 100$.
Baah, now it's at 85, covered too earlly.
Nice Roy, that's awesome!
at 15:10 how did you know it was 33k shares of selling ?
I can see the volume on the chart as well as the level 2!
Great analysis, thank you.
You're welcome Max!
This was extremely helpful
👍🤓
Whats up Ross! So thats, erm, a very nice video!
Thanks Dragus, hope it helps!
thanks so much!
You're welcome Sara!
Thanks Ross! This is great! I'm just confused.... I know if someone is selling, someone is always buying. But what's the difference between seeing a lot of red in the time and sales and thinking the price is definitely going down rather than seeing a lot of red and thinking it is going to squeeze up (like you did here)? I know we could only see that one buyer at $54.00 with 500 shares, but was it the fact that we were seeing the selling be all at the same price for all that selling (at 15:05) rather than starting to see some selling at $54.00 then maybe $53.99, $53.98, $53.97, etc.? So then seeing that the red prices weren't going down, showed that there was a ton of buying at $54.00? Also, we don't see a seller at 54.00 either, so is there a hidden seller at that point too (at 15:05) who was the actual one selling to that hidden buyer you are speaking of?
It has a lot to do with where the stock is at within its move. If it is extended I am more concerned about the red, but if the move is just starting its ok
@@DaytradeWarriorThanks! Also, we don't see a seller at 54.00 either, so is there a hidden seller at that point too (at 15:05) who was the actual one selling to that hidden buyer you are speaking of?
Every movie it's better then the other - Thank You ,Ross The Man !!!
You're welcome Ronen!
Extremely informative video, Ross. Huge thanks for this one...
Wasn't there also a hidden seller at 54.75? (at 24 min and 49 seconds into the video).
If you see both big hidden sellers AND big hidden buyers, do they cancel each other out, and you keep on trading "normaly"? Or you don't actually know how big they are, so you just sit back and wait for it to unfold?
Hey Robert, there are always hidden sellers at levels. Many times the orders will either hold, which means that they didn't fill the full order, or the stock will move through that level which would mean that order got filled or was cancelled by the trader.
This is so cool. Never seen this kind of analysis. This makes sense. Also make me aware of how much I don't know.
right on Mel! If you want to learn more check out this class here: warriortrading.com/free-day-trading-class/
great content thanks for sharing your knowledge with us thanks
Thanks Cisco!
Where, an how can I get access to KTRX source you used here?
Thanks Ross, awesome analysis and very helpful.
You're welcome Happy to share!
I Didnt jump in either , i didnt see a good entry point without having a big risk. I saw those buy orders on level 2. crazy to see it live.
Was a tough one to get a good entry to manage risk on that's for sure.
Thanks for pointing this out Ross. Trying to get more LVL2 info. Seeing a hidden buyer is interesting once its pointed out.
Any time!
Made over 900 bucks on this one today, but really not happy about how I couldn't get in when it was climbing. But in my defense it was really scary lol. As you can see. But man, I had my eye on this one and should have taken the plunge and just cut losses if it didn't work out. But I'll take my 940 bucks. Also this was tremendously insightful thank you.
Nice, way to make it out green!
Incredible observations and so impressive. As you mentioned in another video, it's like gradually learning to play a guitar building your intellectual muscle memory to where it becomes instinctive - second nature. Though you were/are doing the small account challenge, no one could blame you for firing up the big boy account and taking a punt. If you didn't then you truly have the discipline of 'Yoda'.
wow amazing analysis. Thanks Ross.
You're welcome!
GREAT ANALYSIS!!!!!
You bet Ever!
Cameron can u try to do the same set up with TOS? You think it's possible?
Yes I do think it's possible.
@@DaytradeWarrior ❤
AWESOME analysis
Hope it helped!
someone is a genius, letting it set up a classic short analysis and then sucking up all the short sellers. I notice it was coming in blocks, probably to keep it from taking off too soon.
forsure
That scanner you have set up. is that part of E Signal, Lightspeed or something different?
It's Trade Ideas - www.warriortrading.com/trade-ideas-review/
Really nice video. Keep level 2 videos. _It helps a lot. Thanks again.
Thank you!
Thank you Ross!
Of course, happy to share!
Refreshing / Iceberg order, great breakdown, thank you
thank you!
Thank you!
You're welcome!