How to Read Level Two and Make More Money with it

Learn all about the Level Two window and how you can use it to help improve your trading! ******. Watch our Live Trading show, Monday to Friday from 9 am to Noon! / tradertvlive
In this video the Trader TV Live team teaches you everything you need to know about a Level Two and how you can use the Level Two to take your trading to the next level.
We'll demonstrate and explain the significance of each data point being displayed and even show you a live trade setup you can use in your trading!
⏳ Outline
0:00 - Introduction
1:10 - How to start trading with only a Level Two
1:28 - The NBBO (National Best Bid and Offer)
2:38 - Difference between Bid and Ask or Offer
4:40 - How to identify support and resistance on the Level Two
6:06 - Shawn uses $WMT to explain size on the Level Two
8:38 - Gateways explained
10:05 - Differences between a Canadian and US listed stock
11:50 - Summary of discussion
Trading Software: daytradetheworld.com/trading-s...
******. Watch our Live Trading show, Monday to Friday from 9 am to Noon! / tradertvlive
🔖 Useful Resources:
• How to Read Level 2 Quotes → www.daytradetheworld.com/trad...
• Is Reading The Tape Still Important for Day Traders? → www.daytradetheworld.com/trad...
📜DISCLAIMER
Legal Notice: The views and opinions expressed on TraderTV.Live are provided for information purposes only and should NOT be taken as (a) a solicitation of an offer to buy or sell a security, (b) an endorsement or recommendation of any particular security or trading strategy, or (c) investment advice.
The trading activity shown on TraderTV.Live are, stocks, futures and Forex purchases and sales, using real money and real-time market data. Our traders may own the securities they are trading on TraderTV.Live in their personal portfolios.
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[@zoratrading]

Great video to help understanding Level 2. This video and the book "Day trading: Momentum, Level 2 and Reading the tape" sharpened my edge to make better trades.

[@jimaragon2110]

Thanks for taking the time to share your knowledge! Love your show!

[@MoreTraderTVLive]

Glad you enjoy it! Please subscribe to this channel to see more educational content!

[@thorbenmaas7848]

Thanks for this very clear explanation, I have been using it for a week or so now and it has really stepped up my trading.

[@MoreTraderTVLive]

Great to hear! Please stay tuned, we post educational content everyday!

[@paulareid8577]

I’m a new subscriber and appreciate the video on explaining Order Book Level 2. Thank you so much.

[@BoogieBoyBrown]

BEST F__KING SHOW EVER - THANK YOU GUYS!!!

[@MoreTraderTVLive]

Thank you for the feedback! Please subscribe and stay tuned to see more educational content!

[@leemartin6439]

Thank you so much for your information! You really don't understand how much good you are doing

[@MoreTraderTVLive]

You are so welcome! Happy it is helpful! Please subscribe and stay tuned to see more educational content!

[@htxtony80]

i just wanted to tell y’all thank you so much for this, i actually made more money after subscribing to you that’s the least i can do !!!

[@MoreTraderTVLive]

You are very welcome! Glad to hear! Keep the good job and stay tuned to see more educational content!

[@joebaby555]

Thank you for sharing and teaching such an important topic. A suggestion for the future, trade live on a simulator small shares while talking through what you are doing and why..that would be such an incredible training video . See you tomorrow morning in the chat. That Walmart level 2 live narrative was such a teachable moment to me.

[@MoreTraderTVLive]

You are welcome! Great suggestion! Stay tuned to see more educational content!

[@RotterStudios]

GREAT VIDEO! LOVE YOUR CHANNEL! Question...so if you were going to short a stock or future, would you ideally sell where there are more sellers and then buy where there are more buyers down below? And if you were going long, would you buy where there are a lot of buyers and sell where there are a lot of sell orders? it's a little confusing and I wonder if I'm thinking the opposite. thanks!

[@jamesburris871]

Excellent

[@penuputta7996]

Great team

[@Lythir1]

Thanks

[@TANthejack]

Thank you, I really appreciate you guys!

[@MoreTraderTVLive]

Our pleasure! Please stay tuned to see more great videos!

[@MrDexter222]

best example about liquidity and risk management, thank you team

[@MoreTraderTVLive]

Glad you liked it! Stay tuned - we are posting educational videos constantly!

[@gruposcalybursadecv997]

yall are AWESOME!!!

[@MoreTraderTVLive]

Thank you! Appreciate your support a lot! Stay tuned - the best is yet to come!

[@tacosandsex]

Great video guys thanks!

[@MoreTraderTVLive]

Our pleasure! A lot of the educational content is coming - stay tuned!

[@thousandlocks3258]

Excellent teaching 👏

[@MoreTraderTVLive]

Glad you think so! Please stay tuned, we post educational content regularly!

[@jamesjung4440]

Thanks for the videos and the live feed in the mornings. One question, do you guys trade using hotkeys and if so, can you make a video on possible hotkey suggestions? Or another good video might be how you layout your side monitors to monitor different stocks. Thanks

[@MoreTraderTVLive]

Could you be more specific? But yet we trade using our keyboards, no clicking! Thank you for the feedback! Please subscribe to this channel - we post educational content constantly!

[@MarcoFinances]

Can someone please explain something for me? Sean was looking at 127.59 lot on the Bid... that order got filled and the stock went down? Isn't buying it at that level suppose to bring the stock up instead to the downside? Like I am assuming the buyers took control on that level and in that case the stock should have gone up, correct?

[@chaseboyd7922]

best show on youtube for traders

[@MoreTraderTVLive]

Thank you very much! Please stay tuned, we post educational content constantly!

[@nutIcase666]

Thank you for the guidance. Can someone please explain what happened from 5:57 - 7 50 when Shawn shows a buy order of 50 lot filled should it not atleast marginally increase the price of the stock as the buyers are stepping up rather than the price moving down. Does the price only move up when the buyers have to increase the price of the bids? I am new to stock markets so this might be amateurish question.

[@MoreTraderTVLive]

Sometimes a big bed showing up can cause the price to move up but it is no guarantee, in this case somebody aggressively sold to that bid and it is typically aggressive order flow that drives 'momentum' in the markets. Please stay tuned, we post educational content everyday!

[@RedEyeJedigaming]

You guys are awesome 👌

[@MoreTraderTVLive]

Thank you! Glad you like it! Please subscribe to see more educational content!

[@popkahchin]

keep making this type of videos. I can guaranter you that you will get tons of subscribers if you keep this up and no bullshits with attractive titles. we all traders need this kind of gold materials that we can only find from the books or paid courses.

[@MoreTraderTVLive]

Thank you for the feedback! We will keep it up! Stay tuned - more educational content is coming!

[@joshuasimms7787]

Nice breakdown video

[@MoreTraderTVLive]

Glad you liked it! Please subscribe to see more educational content!

[@GlitchinXRP]

what website are you guys subscribed to for the level 2 data? or which would you recommend, thanks!

[@MoreTraderTVLive]

Shawn and Neal use the PPro8 Trading Platform. Learn more: dttw.com!

[@darrylflinch5274]

Pretty cool to re-watch this 5:55. Good example on Walmart.

[@MoreTraderTVLive]

Glad you like it! Please subscribe to this channel to see more educational content!

[@darrylflinch5274]

@@MoreTraderTVLive Subscribed a while ago when you started this. Happy to be part of this journey. Learning something new everyday during the live trading. Very grateful for what you guys are doing.

[@jimintheweb632]

Excellent . . . . . roger that

[@MoreTraderTVLive]

Glad you enjoyed the video! Please stay tuned, more great videos are coming!

[@jz5748]

If the lot in bid size > ask size ,does it mean there’s more buyer and could likely go up?

[@MoreTraderTVLive]

Yes, just supply and demand!

[@mytube99]

The classic Level 2 only shows Bid Ask Level Liquidity. Do you also use the Market Depth or the Matrix, where you can see the full book and Large Orders? Also what about Level 2 History as a Heatmap? Do you use a Heatmap like Bookmap? I find the Heatmap very useful

[@MoreTraderTVLive]

We don't have heatmap, although we agree it's a great feature! We mostly stick to the standard visual representations! Please stay tuned, we post educational content everyday!

[@GuoSlice]

Does anyone know why there's such a big price difference between level 2 in webull and level 2 in interactive brokers? Webull charges 2.6/month whereas IBKR charges 80/month. What's inferior with the webull level 2 data? Aren't they all pulled from the same source?

[@chickencurry3891]

Hey , What Trading Software are these Gentlemen using please?

[@jking8544]

hey guys, just started trading. im using trading veiw paper trading. where can i find a level 2 that i can use for paper trading. not trying to spend too much money. not ready yet

[@MoreTraderTVLive]

Hello! We would recommend you to find the broker with the platform that has Level 2! Shawn and Neal use the PPro8 Trading Platform. Learn more: dttw.com Please subscribe to this channel to see more trading content!

[@osamaghejam696]

Honestly it’s high education really appreciate that.

[@MoreTraderTVLive]

Glad you say so! Please subscribe, we post educational videos constantly!

[@cindymai5624]

@@MoreTraderTVLive s

[@DeclanZapala]

What is the platform that the guys use to trade?

[@MoreTraderTVLive]

We trade on Ppro8 platform powered by : dttw.com Please stay tuned, we post educational content everyday!

[@DeclanZapala]

Market Wisdom by TraderTV Live thankyou!:0)

[@Topcat-yx3hd]

Just discovered your channel. Great content. Count me as a subscriber!

[@MoreTraderTVLive]

Awesome, thank you! Please stay tuned, we post educational videos constantly!

[@rugoshath]

Record more of this

[@MoreTraderTVLive]

We will! Please subscribe and stay tuned to see more educational content!

[@robh.1212]

In the future on the live show can you tell us the amount you are buying or selling? I'm a professional sports bettor and we take our bankroll and divide it by 1,000 and then when we pick a bet we rate it as "5 units" or if we love it as "20 Units" etc. It would be great if we could see the weighted amounts you are buying or selling. We do not need to see your actual amount of money, but if we knew it was a 5% b/s or a 15% b/s etc. it would help us as we shadow you. Thanks.

[@MoreTraderTVLive]

Thank you for the feedback, we will take it in consideration! Profits and shares are not provided for the regulatory reasons!

[@prodcountryjames]

Is it me or does it seem like they are still Live 🤔😂

[@MoreTraderTVLive]

This is recorded! Please stay tuned to see more educational content!

[@anonismust]

Trade the order books ? Come on guys ONE CLICK then orders are pulled and it will feel like the floor has been pulled from beneath your feet..

[@MoreTraderTVLive]

Please subscribe to this channel to see more educational content!

[@afgluda]

The hell, they are giving wrong info right there. U could clearly see the price went down when people sold at bid and that means more demand equal yo more sellers and vice versa

[@MoreTraderTVLive]

You probably didn't get right what we were saying! Please stay tuned to see more educational videos!

[@afgluda]

Thats that mean i am right

[@westfordtrickshots5848]

Just chatter no information

[@MoreTraderTVLive]

Maybe you need a little bit more trading experience to understand this! We would recommend you to check out investopedia.com!

[@FractalTrades]

Are you guys hiring?