How to Use Level 2 While Trading Stocks - Tutorial on Level 2 using Etrade Pro with stock CDOI

Trying to improve your day trading skills? Want to learn more about how to use level 2 while trading stocks? Then watch our other level 2 videos!!! How to use level 2 trading TSLA stock and NFLX stock: http://bit.ly/1GZh52M How to use level 2 trading GPRO stock: http://bit.ly/1GwrTHv How to use level 2 to buy put options: http://bit.ly/1b3zaAf Trading stocks or options is not easy. However, level 2 is one of the best tools you have for identifying instant trading opportunities. Learning how to use level 2 is extremely important for anyone who is hoping to become a successful day trader. One of the main aspects to keep in mind with level 2 is really quite simple: which "side" looks to be "winning?" If the "bid side" is winning than the stock is going to go up. If the "ask side" is winning then the stock is going to go down. The person who made this video and the other ones posted above has started a brand new stock trading and options trading website called http://watchhimtrade.com/! Level 2 is one of his specialities, as you can see from his many videos. http://watchhimtrade.com/ is a growing community that brings together traders of all skill levels and styles. The community helps new traders learn how to trade stocks or options and provides veterans a fun group to be around while they make their trades. If you're looking for a kick-ass live chat room featuring live trade alerts, then you should check out the new site! You can sign up for the chat room here: http://bit.ly/14SqABP You can subscribe to the WatchHimTrade youtube channel here: http://bit.ly/1CLl1Oy Follow us on Twitter: http://bit.ly/1GwAAl1

Comments

1. thank you for the lesson
2. I see you are trading an OTC. Does this apply to low float (under 50 million float) listed stocks on the NASDAQ/NYSE? Thanks for the video :)
3. This video was very helpful. Thanks for sharing.
4. Hey check out RICH TV LIVE channel, if you want some winners.
5. hi, how do we acquire this level 2 platform? tnx
6. hi, how do we acquire this level 2 platform? tnx
7. Why towards the end did the price drop to .0795 then back up. Did some people sell at .0795 trying to knock it into a down trend?
8. so simple .. thanks for that explanation
9. do you go by the big ask as a signal in level 2 as well ?
10. stockhaven i just want to thank you for teaching me how to read level 2 you made it simple enough for me thanks again!!! your the man
11. Great video. Thanks for uploading., What trading software is this?
12. I have been looking for a video that describes using level 2. Thanks for uploading.
13. hi thanks its very goog
14. could you also explain what the 4 colors mean on level 2? Green, Red, Yellow and ble
15. I have been Day Trading for 17 years , if you think watching this will give you some secret as to which was a stock will move your kidding yourself. Most of the time you can’t see a MM true intention based only on a Market Depth screen. And now more than ever most market MM’s are hidden behind , bats, edgx, nsda , arca, etc etc etc . And if you trade penny stocks your playing a losing game anyway .
16. I'm sorry to say this; but, in these days and ages, with these super computers along with HFT, this level II will work in reverse for the retail user causing consternation.
17. Really good video, made me get that AHA moment and earned my sub, im a first year finance student in Finland and have last month fallen in LOVE with penny stocks, been doing all the research i can while i save up for a 300-500€ to start making small trades and slowly gain! thank u! :)
18. great video man !!
19. I'm kind of confused .. When there's more bids stacked than asks on level 2, price goes up or down? And vice versa ? What makes the bids and asks go up ? If there's demand there have to be supply right ? So how does the price go down or up when all orders are getting filled ?
20. thank you for sharing :) i noticed we only look at the stacking of bids. how about the size? is it not that important?