Reading Level 2 Was HARD Until I Followed These 3 Simple Steps
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- Опубликовано: 3 май 2024
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Warrior Trading // Ross Cameron // Day Trade Warrior 
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Ross has been dropping HEAT all month. What did we do to deserve this?
FACTS
we could never be worthy of papa ross
Yea he really has. Really like pertainent stuff!
💯
No I thought I was tripping or he was just too genuine it’s crazy bc he’s getting more active when the market is at its most volatile moment like gme and just now nvidia
I’m 7 years in and just now getting into level 2. I’m decent but need to get to the next level. I think this is it! Videos like this help a ton!
clarifying when you look at the level 2 and when you look at the charts. that was a huge gem thank you
Some level 2 allows for highlighting extra large orders in level 2. i set up das trader to highlight any order > 100k shares with a white background and red text. if i see that, i immediately know to keep my eye on it.
Game changer! Keep 'em coming Ross on Level 2.
Idk why it took the algorithm so long to start pushing your content to me, but I'm stoked to be here
I agree Ross that TOS could definitely be improved in its Level 2 module and stock scanner such as adding in the float as a selection criteria. Getting back to TOS's Level 2, I do two things many might not know about. 1. I expand the default view by clicking on the drop down in the upper right corner and selecting the Nasdaq Order Book. 2. I then detach it to the right side of my screen and back on my Flexibke Grid, do the same thing but open the BATS Order Book and detaching that Level 2 to the right of my screen next to the detached Level 2 of the Nasdaq Order Book. I then drag both modules down the full side on the right of my laptop screen. I only take a trade when both detached Level 2 order books shw more buyers than sellers. I think you understand this but hopefully others can figure it out. Occasionally I take a trade when both order books buyers and sellers are equal and filled up but I try to stay out of congested stocks. God bless. Jake
Jake do you have a video on how to do this?
Make a video.
u say if u want a deepp dive in elevel 2, click here, but theres notthing there , were ur clicking,
I bought your book today. Can't wait to get it. I'll get mire books an candles interpretation. Next month. I have a list that you suggested and a few more
Outside of contact amazing production quality
THIS was the video I needed. Thank you so much for just being as open as you are, eventually i hope to be investing in your course.
every time i'm stuck or had a couple red days magically a video on a topic I need to go forward shows up. Just another piece to my trading puzzle. Your morning lives and chat helps a lot too
Thank you for the detailed description on how you handle the L2. i also watch the ask and green on the tape to punch it.
Right on!!
Thanks for the Vid!!
Another great teaching Ross, see you Monday morning
Great insight, thank you!
Exactly the video I was waiting for!
Awesome as always. Thanks Ross
Thank you Ross!
As always great lesson.
It would be great it these tools allowed you to put subtle color differences on the Level 2 depending on the volume of the the contract. For example, light green for normal lv 1 and very bright green for lv 1 orders of more than 100 shares.
Wow! Masterpiece..
Good lesson today 👍❤
Ross , i think you’re a blessing 😂
I just thought about getting more education on level 2 since i wanna be good at it and improve my self. And you uploaded a video !
Thanks ross!
I really like it how the quality of the video has now gone up to 4K. I really enjoy watching your videos
Thanks for this
Thank you for finnally explaining this...which TOS would revamp the Level II...I have just used the Time in Sales to guide me which direcction it was going but with your explanation of the hidden seller show casing 100 on the Time Sales...makes sense. One way to suplement the TOS level II....
What’s really sad is the ToS mobile app now has a Level II tab that shows colored prices (like how Ross has his L2 setup) but nothing within the desktop version allows users to change L2 formatting to match what the mobile app does. It’s pretty ridiculous imo
Ross you’re the man, I was just thinking a out level two data !
My Sunday fix… thanks Ross!!
Thank you for sharing your knowledge for free on RUclips. You are my first stop for all trading content.
Great content as always
You make it look so easy!!!
So so good man. I've learned a ton from you in the last 2 weeks.
Thank you!
A gem!
thank you ross
I'm trying. It'll be a while before I'm reading to absorb L2. I'm still getting comfortable with ToS... by that I mean... I'm stopping trading entirely until I get a handle on ToS.
ahhh yes the lvl 2.....a beautiful art easily manipulated.
Thank you Ross you are truly doing gods work with your videos. I plan to be joining warrior pro trading asap!
Cheers!! Happy Saturday! Study up 🙏
thanks Ross
Just what I needed
Awesome! I'm a bit confused regarding which subscriptions to enroll in. There are many different ones with different prices. For this type of trading, what are the necessary subscriptions?
Wow Ross! You're by far the best trading RUclipsr. Thank you for all the knowledge
I looooooooove you Ross the Boss. Great teacher par excellence!!!!
Thanks Hannah!
@@DaytradeWarrior My processor is AMD Ryzen 2 3250U with Radeon graphics, 2600 Mhz, 2 Core... Will that meet the system requirement for warrior trading?
So if there's a hidden seller, does that mean price upwards will have alot of resistance
I'm still at the bottom of the learning curve, so this is valuable Intel for sure.
Well! to be honest I have watched other videos of ross, demonstrating level 2, but not in a such a fine text of this nature. I am not sure if all trading platforms provide it, I am at present, just using the chart and yes, been successful with it having other indicators to rely on, which helps me predict what might happen. Level two to me seems like a turbo charge version of buying and selling shares, which gives you a clearer picture of what’s really going on with a particular stock. Would love to get seriously into this later on, but for now as I am still learning to trade on a professional level, best leave it until I am ready to grasp it and make it part of my trading strategy. But! I will be watching other warrior tutorials on This in the meantime, which will allow me to understand it better and long term, prove to be a powerful trading tool, that will help me to make more positive decisions, whether to buy or sell a particular stock.
Thanks for another great lesson ross.
Regards
Bill.
Informative video, as always. Just became a Pro member and thoroughly enjoying it all. I was wondering, how did you superimpose a portion of your trading platform onto your dashboard? TIA
Hi! With Lightspeed you can pop a window out and float it wherever you want
@@DaytradeWarrior Good to know, thank you.
Where do find the level 2 on your broker?
AWESOME! :D
sigh you could’ve zoomed into the lvl 2 window. why do we have to see the charts at all when focusing on one window. hard to see on a tv
I’ll try to zoom on next episode
I agree why wouldn't ToS make a better level 2
Hopefully now that Schwab has bought TD there will be needed improvements or options for things like level2. I really like the active trader on TOS or I likely would have changed platforms.
please make a video REPLAY showing how you use Level 2 when trading
hi ross what about the difference between orders types and what the best ioc or fok or gtc or day or opg or gtx
Instant or cancel, fill or kill, good till cancel, day order (auto cancels at end of day), opg (at the open order) gtx good till cancel
How do we get access to your stock scanner ross?
You can learn more here: www.warriortrading.com/scanners/
Hey Ross. On the T&S, you have red, green and white. I undertsnaad that...but you also have some places where the green is on the background, or the red is on the background...could you explain that?
When green or red are on the background, it means an order swept the book and printed outside the best bid / offer. Very bullish/bearish.
Ross this is off topic but what scanner do you use
Hi! I’m using custom scanners available for warrior members
Ross can we get a another shadow theory breakdown
What trading platform has the best level II display for day trading?
Etrade, Lightspeed, and das trader
@@DaytradeWarrior thank you!
is the Market Maker important in any way? Why not just consider price and size?!?
Which flat form is this TOS??
Does level 2 show bids and asks for executed orders? Matched orders? Before matching
I think level 2 only shows *orders waiting to be filled.* Once filled, they are taken off the books & will pass through the T&S as executed orders!
Level 2 is a book of limit orders sitting and waiting for somebody to execute a trade a buy/sell from them. Market orders go through instantly and show up on the time and sales but never the level 2.
Need to do more live trading.
Ross is a gift. 🎁
On the level 2, does a "2", for example, represent 2, 20, 200, 2000 shares?
Always add 2 zeros “00”. 2 = 200, 20 = 2000, 200 = 20000 etc
Ross the best
Even now it's just flickering
💚💚💚
3:28 60,000 shares not 600 shares, right?
Yes add 2 zeros
ToS doesn't let me change the LII color.
I know 😓
What’s really sad is the ToS mobile app now has a Level II tab that shows colored prices (like how Ross has his L2 setup) but nothing within the desktop version allows users to change L2 formatting to match what the mobile app does. It’s pretty ridiculous imo
why does TOS have such bad level 2 display?
I have no idea, I guess they don’t care about tape reading.
@@DaytradeWarrior I meant like why do you think they do? What is the diff btwn what you use and what TOS has?
ToS desktop only shows a color gradient within the L2 when differentiating between the different prices (ie the different prices are all just a slightly different shading of the same color instead of different prices being completely different colors). This makes it more difficult to quickly see when there are “stacked” buyers and sellers, something that can help quickly assess when certain price points have strong buy/sell sentiment.
What’s really sad is the ToS mobile app now has a Level II tab that shows colored prices (like how Ross has his L2 setup) but nothing within the desktop version allows users to change L2 formatting to match what the mobile app does. It’s pretty ridiculous imo
👍👋👌🎉🎉🎉🇺🇸🇺🇸🇺🇸
Uygh
Thank you Ross. Excellent video!