How to use Level 2 data in your Day Trading Strategy (WITH LIVE MARKET EXAMPLES)

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Warrior Trading // Ross Cameron // Day Trade Warrior

[@richhamilton]

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!

[@DaytradeWarrior]

Appreciate that kevin, happy to help!

[@hsiang4236]

Excellent technical analysis kevin hamilton lmao

[@WalkingNewYorkCity]

Ross, this was by far, one of my favorite informational/instructional videos from you on Level 2. You are a scholar and a gentleman!

[@DaytradeWarrior]

Thanks Randy, happy to share!

[@aaronlizotte5247]

seriously...so many stock market videos to watch, i have chosen you to be my guru and regret nothing!

[@DaytradeWarrior]

Love to hear it, that's why I do these videos!

[@MAXPRESS-STORE]

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.

[@work2444]

This was a great analysis...really helped me understand about hidden buyers.

[@DaytradeWarrior]

I'm happy to hear that!

[@Mark-zk7mv]

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!

[@Jeff-xy7fv]

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.

[@joshuanorris9785]

@@Jeff-xy7fv I agree!

[@abdelhaqfaouzi]

@@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?

[@kevcomcreations]

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

[@DaytradeWarrior]

Love to hear it, keep it up!

[@kimberleethomas3244]

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 !

[@DaytradeWarrior]

Thanks for watching!

[@marcelmiller4394]

Great Video Ross. Even after a year and a half of being warrior pro student it's always great to watch your KZbin videos. I always seem to get some new Perspective and knowledge out of them. Thanks

[@DaytradeWarrior]

You're welcome Marcel!

[@dba99985]

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

[@DaytradeWarrior]

Awesome work DBA!

[@Noqo3414]

very useful video, watched it 3 times and went back many times. So valuable! Thanks Ross, cant thank you enough for making these videos.

[@etfremd]

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. 👍👍

[@DaytradeWarrior]

👍

[@JMHarsh]

132 today. Solid predictions. My hindsight isn't even as good as your foresight my man. Thanks for sharing.

[@DaytradeWarrior]

Thanks for watching!

Getting good at Level 2 thanks to your videos ::)) TY!!!!!

[@kimmugen3]

Great video - finding that Level II spot to know big whale in the background supporting and using that to make a great play

[@DaytradeWarrior]

Thanks Kim!

[@Tytheentreprenuer]

Made over 2k trading KRTX

[@DaytradeWarrior]

Nice Tyrell!

[@InLawsAttic]

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! :-)

[@DaytradeWarrior]

Thanks for that InLaws, appreciate it!

[@henrysugar7778]

There is so much unadulterated wisdom...many thanks

[@DaytradeWarrior]

You're welcome!

[@jamesd6909]

voice of calm, wisdom and discipline

[@DaytradeWarrior]

I try James!

[@alecunkel1613]

fantastic video thank you man!

[@DaytradeWarrior]

You're welcome Alec!

[@fattofitmyweightlossjourne6431]

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. 👍

[@DaytradeWarrior]

Wow, awesome to hear, glad the videos have helped!

[@troyy1086]

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

[@DaytradeWarrior]

👍

[@lynnstimler1857]

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!

[@DaytradeWarrior]

Thanks Adam, appreciate the support!

[@caseyk263]

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.

[@DaytradeWarrior]

Thank you Casey!

[@bizcochodulce]

Thanks also for this video Ross!

[@DaytradeWarrior]

Thanks for watching!

[@anthonybakowski1936]

Great video just checked the stock today you pin pointed that CRAZYYYY

[@DaytradeWarrior]

Thank you!

[@ruststar]

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

[@DaytradeWarrior]

Awesome, really great to hear it Ruststar!

[@CadenMichnal]

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!

[@DaytradeWarrior]

It certainly can help at times that's for sure!

[@JustMe-ob3nw]

Thank you so much for sharing - you are the find of my life in my day trading learning journey -

[@DaytradeWarrior]

It's my pleasure!

[@johnwilson6271]

Love your talk today ROSS...

[@DaytradeWarrior]

Thanks John, hope it helped

[@CookKayaks3604]

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.

[@DaytradeWarrior]

Happy to help, it certainly wasn't an easy trader.

[@hussammagdy1372]

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.

[@shhmill307]

Always excited to hear your intelligence of the market Ross! Day in and day out

[@DaytradeWarrior]

You bet, happy to share!

[@lonewolf7650]

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.

[@DaytradeWarrior]

That's for sure!

[@2002honda954]

I'm adding level two to my trade plan thanks to you Ross.

[@DaytradeWarrior]

You're welcome!

[@lucjean5750]

Great vid!!👍

[@DaytradeWarrior]

Thanks for watching!

[@peeelee4221]

jeez ! you are so darn god ! once i had enough money i'll join ur class !!!!!!!!!!!!!!!!!

[@acehexed4022]

Just shorted 20 shares on KRTX at 97, risk level 100$ whole dollar, covered 91.5, a quick 5 minutes trade, made 100$.

[@acehexed4022]

Baah, now it's at 85, covered too earlly.

[@DaytradeWarrior]

Nice Roy, that's awesome!

[@chrisleonard1761]

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.

[@DaytradeWarrior]

right on!

[@berghoutcful]

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!

[@DaytradeWarrior]

Thanks for watching!

[@alirewan7112]

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

[@DaytradeWarrior]

You're welcome Andrew!

[@jonderrick8508]

Like the analysis aspect Ross. Keep up the good work! Thanks for the very useful information.

[@DaytradeWarrior]

Glad you enjoyed! Thanks for the feedback!

[@tr4gik11]

Excellent analysis of the Level 2 mate, one of the best I've seen. Liked

[@DaytradeWarrior]

Glad you enjoyed! Appreciate the feedback!

[@rustyhill9156]

Just discovered this video. This was extremely helpful for me in understanding how to read Level 2. Thanks, Ross!

[@DaytradeWarrior]

Glad it was helpful!

[@jessewilliams1129]

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!

[@DaytradeWarrior]

Awesome, thanks for watching! Search the channel for level 2 we have a few other videos on it as well!

[@yaxairarodriguez4755]

love your analysis, thank you for your input

[@DaytradeWarrior]

My pleasure!

[@Roy-lm4rc]

Thanks Ross, for your time to teach great lessons. Very informative about level 2

[@DaytradeWarrior]

Thanks for watching!

[@Sreenivasvoore]

So far the best / useful video I have seen as a learning day trader

[@DaytradeWarrior]

Thanks Sreenivas!

[@DaytradeWarrior]

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/

[@stacktrader5856]

As always - another awesome video. Thanks Ross!!

[@DaytradeWarrior]

Appreciate the feedback Jacob, happy to share!

[@kellycanavan924]

AMAZING video! Definitely the best one I've seen yet! You're literally the best

[@DaytradeWarrior]

Thanks a lot Kelly!

[@rippedlikrambo1]

This was extremely helpful

[@DaytradeWarrior]

👍🤓

[@RajeshSharma-so9lx]

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🌹🌹🙏🙏

[@DaytradeWarrior]

Thanks Rajesh!

[@joshuanorris9785]

Thanks Ross great video!

[@DaytradeWarrior]

You're welcome Joshua!

[@jeremyjohnson8361]

Great video i really enjoy watching your videos. Thanks

[@DaytradeWarrior]

Glad you like them!

[@patrickmccartney8805]

Great analysis. Thanks Ross!

[@DaytradeWarrior]

Thanks Patrick!

[@DavidBadilloMusic]

And here we are, 7 months later and the stock is indeed $100+ ... very interesting!

[@DaytradeWarrior]

👍

[@AlexWinkler]

Awesome breakdown of the KRTX morning rally

[@DaytradeWarrior]

Thanks Alex, hope it helps!

[@amorgan5844]

Alex, just started following your channel! Did not know you were in Ross comments🤣 see ya monday.

[@Ronenavital]

Every movie it's better then the other - Thank You ,Ross The Man !!!

[@DaytradeWarrior]

You're welcome Ronen!

[@rajschrijer]

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?

[@DaytradeWarrior]

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/

[@rsprodftw1]

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!

[@DaytradeWarrior]

Nice, that's sweet!

[@barryp7278]

Crazy momentum for mid cap this month. Managed to scalp few breakouts for KRTX with small share size.

[@DaytradeWarrior]

Nice Barry, no reason to take too much risk on this

[@jamespagnam2036]

Thanks Ross, awesome analysis and very helpful.

[@DaytradeWarrior]

You're welcome Happy to share!

[@sightingsmax]

Great analysis, thank you.

[@DaytradeWarrior]

You're welcome Max!

[@cliffcoast]

Thanks Ross ! You explaned how the hidden buyer was there, but wasn't the seller(s) hidden as well ? I didn't see any sellers on the ASK @ $54 when $54 was printing. Anyone that can help me understand this will be most appreciated. Thanks !

[@DaytradeWarrior]

Hey Cliff, I did not see a hidden seller, as the ask was moving around alot, whereas the bid stayed steady at $54 on small share size. If there was a lot of trades going through at the ask of $55 and the price wasn't moving, then I would think there is a hidden seller.

[@cliffcoast]

Warrior Trading Thanks Ross, I'm learning every day ‼️

[@cisco1336]

great content thanks for sharing your knowledge with us thanks

[@DaytradeWarrior]

Thanks Cisco!

[@MOTWMB]

Great catch, love hearing your thinking process and learning from it !

[@DaytradeWarrior]

Thanks for watching!

[@RobertA-11-11]

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?

[@DaytradeWarrior]

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.

[@luisparades5661]

I traded it ....took 600 shares and got about 1.30 move and got out.....💸💸💸

[@DaytradeWarrior]

Nice Luis, that's awesome!

[@bobbyskills128]

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.

[@DaytradeWarrior]

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!

[@beApex]

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

[@DaytradeWarrior]

lol glad that it was a timely video!

[@softetixcom8224]

Thank you for the video.

[@DaytradeWarrior]

Glad you enjoyed, be sure to get subscribed for more content!

[@LaughMuBai]

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'.

[@jonderrick8508]

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.

[@DaytradeWarrior]

Interesting, many of these low float stocks don't have options chains unfortunately.

[@tonyt3067]

Refreshing / Iceberg order, great breakdown, thank you

[@DaytradeWarrior]

thank you!

[@yorkielovesmoky2766]

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

[@DaytradeWarrior]

It's my pleasure Sharon!

[@michaelquigley9917]

Listening to you explain this in the chat room and then watching it jump 10 bucks was unreal.

[@DaytradeWarrior]

Pretty crazy right!

[@dannyboy9784]

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.

[@DaytradeWarrior]

Experience definitely helps!

[@christianperspective9527]

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.

[@DaytradeWarrior]

forsure

[@Snapshotmanny]

Ross this is a great video! 😊

[@DaytradeWarrior]

Thanks Manny!

[@teatime009]

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.

[@DaytradeWarrior]

Nice, way to make it out green!

[@sahar1usa]

As a sseller i dont rely on red doji only, it wont tell me anything but that red volume is a buy indicator rather than ss. Specially on cheaper Bios

[@DaytradeWarrior]

Thanks for the thoughts!

[@SaraH-dj8xg]

thanks so much!

[@DaytradeWarrior]

You're welcome Sara!

[@golstoggolstog3283]

Really nice video. Keep level 2 videos. _It helps a lot. Thanks again.

[@DaytradeWarrior]

Thank you!

[@Diablo99V]

I'm starting with $100 account on June 1st to see how far can I get with it by December 31st. 💪

[@DaytradeWarrior]

right on!

[@calmguy.4659]

How's it going so far?

[@MelWhite]

This is so cool. Never seen this kind of analysis. This makes sense. Also make me aware of how much I don't know.

[@DaytradeWarrior]

right on Mel! If you want to learn more check out this class here: warriortrading.com/free-day-trading-class/

[@alexandermerino1417]

wow amazing analysis. Thanks Ross.

[@DaytradeWarrior]

You're welcome!

[@1010guille]

AWESOME analysis

[@DaytradeWarrior]

Hope it helped!

[@mikel9524]

Ross, why would a buyer want to hold up the price? If it was that obvious the price wanted to go down, why didnt he try getting shares cheaper?

[@DaytradeWarrior]

Hey Mike there are many reasons, sometimes due to outside factors, hard to know for sure, our jobs are traders is to recognize it and take that into account for our trading.

[@eber129]

GREAT ANALYSIS!!!!!

[@DaytradeWarrior]

You bet Ever!

[@azavala5]

I had $1000 in my account, with 1:3 lev. Made $1214 on KRTX today. Feel bad because I should have made more.

[@DaytradeWarrior]

Awesome Art, green is good!

[@JVSOP]

Perhaps it was a short seller trying to cover after he noticed a bull flag pattern in development with decent buying pressure at support. What do you think? Btw I love your work, Kudos!

[@MrLordmaximus]

Thank you. This was really an insightful video.

[@DaytradeWarrior]

You're welcome, hope it helps!

[@ornizquinones403]

So You know , You get a lot of trash being labeled as a low float price manipulator. But this video has good fundamentals and I understood your reasoning!! can you share youre thoughts on people that diss you for that?

[@DaytradeWarrior]

Hey Orniz, I think it's crazy that people actually believe I have the power to manipulate the market.

[@wulphstein]

It looks fun!

[@DaytradeWarrior]

Best job in the world! www.warriortrading.com/getting-started/

[@franciscoflores2636]

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.

[@DaytradeWarrior]

Was a tough one to get a good entry to manage risk on that's for sure.

[@patcampbell9704]

That was great. Thank you. Not yet a trader, just trying to see if it's a for me.

[@DaytradeWarrior]

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/

[@lukewallace3336]

was thinking about buying KRTX at 55 and holding until the end of the day, seen this so much with these big gainers but don't have the balls to trade them!!!

[@DaytradeWarrior]

lol it's certainly a tough trade to make

[@obijuan3004]

I got a piece of this and made $1.25 a share on 100 shares. I was up almost $600 when I clicked sell bid, but I didn’t notice the spread and sold as the bid as it was dropping. I’m not sure why it didn’t sell. So I had to cancel sell bid and click sell market. The price action was crazy, I clicked buy twice because the first order didn’t fill. The price jumped some $0.95, then it dropped down and I got two orders filled on the dip. I was afraid I was going to be $1000 in the hole so I sold way too early, but I just could not manage my risk in this kind of price action. But I wanted to play this move so I switched to my paper account and made $1100. Funny how calm one gets when there is no risk.

[@DaytradeWarrior]

It certainly can be tough to manage risk on volatile stocks, that's for sure.

[@agbjorn953]

Interesting read on the level 2.

[@DaytradeWarrior]

thank you

[@dragus2904]

Whats up Ross! So thats, erm, a very nice video!

[@DaytradeWarrior]

Thanks Dragus, hope it helps!

[@DanielMartinez-xr6bk]

Cameron can u try to do the same set up with TOS? You think it's possible?

[@DaytradeWarrior]

Yes I do think it's possible.

[@DanielMartinez-xr6bk]

@@DaytradeWarrior ❤