How to use Level 2 for Beginner Day Traders 🍏

[@DaytradeWarrior]

Want to Learn More ❓❓ Get info on My Strategy and Courses here: www.warriortrading.com/strategy/ 📈

[@jaymunroe2846]

Great informational content thank you! I've got a couple of questions. #1 Is level 2 the same thing as DOM?#2 Are these tools available to anyone such as the scanner and level 2 tools, If so where can I find them? Also can these tools be used in forex and crypto markets? Thank you.

[@hillboy2001]

I understood level 2 when I first got in trading. But executing it like you did is another level of skill that I don't have. What you have is years of experience. Truly a trading warrior!

[@DaytradeWarrior]

👍🤓

[@meetsimgreen]

First time I actually and finally understood level 2. Always watched it, but found it difficult to learn what I was seeing. Thank you Ross for this very timely video, and for adding value.

[@DaytradeWarrior]

Right on! Happy this helped you!

[@darnelljohn7077]

Ross is amazing. Ive been watching him for years like im watching the news

[@mariolopez6068]

Yes he is!

[@heartstrings110]

@@DaytradeWarriorYou are an effective instructor. Thanks so much for the value you offer to the KZbin community.

[@cindilewis9]

So glad you updated this. Got even more out of it than the previous version. You're a great teacher!!

[@DaytradeWarrior]

Glad it was helpful!

[@OJTBCR]

I was in warrior trading 2 years ago and i always come back to watch what else you have to teach! My first teacher, thank Ross!

[@DaytradeWarrior]

Awesome to hear, thanks for sharing.

[@user_abcxyzz]

Why did you leave? Are you still trading. Need update lol

[@papagiorgio2493]

One of the best educational videos about trading on you tube I must say.

[@DaytradeWarrior]

We're glad to be able to share these videos with you!

[@StillGotiTGolf]

Still an awesome video 1 year after OP!! Watching. Learning. Rewind. Watching. Learning. Rewind. On the repeat! Thanks Ross!

[@DaytradeWarrior]

You're welcome!

[@oliverh.6793]

Thanks a ton, it's like you just taught me how to read another language that just looked like gibberish before

[@DaytradeWarrior]

Sorry for the late reply, but we're so glad to have been able to help!

[@1StarSpangledBanner2]

Outstanding demonstration. Level II was always a mystery to me. Not anymore. Thank you.

[@Anthony-wp1by]

Finally someone explaining the level 2 properly. Thank you Ross👍. By the way you also make a great English teacher - Have you ever thought about it?

[@DaytradeWarrior]

Glad it was helpful, and thanks for the compliment!

[@nuraiymsardarbekova6509]

holly shmolly what a man!!! How the hell you managed to boil it down like that. One more video like that and I think I am gonna be your student along with my frieds, you are just a godsend dude. Not surprised why you get good comments, not to mention you reply to every single comment, WOOOW

[@DaytradeWarrior]

Thank you!

[@TO9729]

Your live examples of spotting big buyers and sellers is so helpful. I've been rewatching the examples over and over again to visually understand what to look for and where to look most importantly. Thanks for sharing!

[@DaytradeWarrior]

Glad it was helpful!

[@andrewhelmer6853]

Level 2 is where its at. Reading it on Ross' level ...... thats insane. Being able to spot hidden sellers and buyers ... still reads like magic to me.

[@DaytradeWarrior]

It's a great tool for day traders!

[@des2552]

Hi Ross - Great session & good reminder on L2. May I comment to those who are hesitating or thinking about joining WT - it’s not only Ross who gives such amazingly detailed course lessons as there is a fantastic team which includes Mike Herman on Large Cap stocks & several other accomplished and proven traders who provide first rate Mentor advice. Trading psychology is also covered with Ted & Diane. There is no guarantee you will become a profitable trader or overnight millionaire but with the numerous courses, WT technical support & your own hard work, you will gain a genuine level of understanding on most intermediate and some advanced stock Day Trading techniques. On a personal, I am still trading in WT Simulator after nearly 12 months but plan to go live in near future and yes it has been hard work & stressful especially as I live in Malaysia 12 hours ahead of Eastern time zone. Keep up the fantastic broadcasts Ross you are indeed a Legend!

[@battlecore501]

Thanks!

[@DaytradeWarrior]

Welcome!

[@user-mu2se2gj6t]

One of the BEST... Can't THANK YOU enough for what you do for the community and novice traders like us....

[@DaytradeWarrior]

We appreciate that!

[@kurtgilbertson]

Literally was just watching your previous level 2 video! You’ve been reading my mind this past week (tax video). Appreciate all you do Ross

[@DaytradeWarrior]

Fantastic!

[@bradseidl357]

Nice video! I trade with TD Ameritrade (Thing or Swim) and I like how they integrated level 2 in the Active Trading ladder. I can see the total bid/ask size at each price level. I find it a lot easier to look at than the standard level 2 window. I'm curious on what other users think.

[@DaytradeWarrior]

All comes down to personal preference.

[@firsttimejimmy9791]

I've watched a bunch of your videos; this right here is the most important one! Mind Blown

[@DaytradeWarrior]

Love to hear it!

[@acumen8791]

Such a phenomenal video man. Probably one of the best teachers I’ve ever seen 🍻

[@DaytradeWarrior]

Thank you! That means the world to me 🙏

[@stb2799]

Been waiting on this to drop like some new Jordans. Thank you for the continued content Ross.

[@DaytradeWarrior]

Great to hear!

[@90sPorscheguy]

I watched this video the other day. Wow! It has already saved my hind end a few times. Thanks for the education.

[@DaytradeWarrior]

Glad to hear it!

[@MauricioCuencaUnique]

Excelent explanation and examples were amazing

[@DaytradeWarrior]

Thank you Mauro!

[@tc96z1]

Very well explained. You’re a very good teacher and the explanation on hidden (dark orders) far exceeds most traders level of competency. The biggest thing I have gotten concerns the number of shares. Hands down, Ross, you blow all the trainers I have paid to attend course and when I started owe had to fly to their location and pay for a hotel room, air fares, car rentals and meals. A five training course that was really not strategy based cost double what you charge for a year at Warrior and that was in dollars 25 years ago. Under 5k is a bargain and it isn’t for 5 days. The company I went to Texas from Florida to spend a week in class is STILL using the same animated slides that show what is going on and how it works but never touched on any of the nuances such as this L2 explanation.

[@DaytradeWarrior]

Thank you!

[@lucacarraro9739]

This video will become a milestone, like many others, but this one in particular

[@DaytradeWarrior]

Thanks for the thoughts!

[@Tampanda]

I think reading level 2 is very helpful for small caps but not as important for large caps.

[@MattEssex33]

Good point

[@DaytradeWarrior]

Thanks for the comment!

[@crypticwealth2956]

More level 2 videos please. Valuable topic.

[@DaytradeWarrior]

Thanks for the comment!

[@TheGreatTomDix]

Remind me to rewatch this. It's worth a rewatch!

[@DaytradeWarrior]

Great to hear that!

[@tyldarprod1399]

Thank you for your valuable instructions. Now that may trades are stable using the charts I understand the value of the level II. Stay green.

[@DaytradeWarrior]

Thanks for watching!

[@tonyvain100]

Ross, Great video. I really enjoyed the way you teach. I learned something from this. Thank you

[@DaytradeWarrior]

You're welcome Tony!

[@sehajbrar9795]

Best video out there on level 2 great video ross loved it. Thankyou for the info

[@DaytradeWarrior]

Glad you enjoyed it

[@TMTrader_T]

Boy I tell you, this video is quite humbling, ty 🙏🏽

[@DaytradeWarrior]

Thanks for watching!

[@MattEssex33]

This class is brilliant thank you for this video. I learned alot from it.

[@DaytradeWarrior]

Of course, happy to help!

[@cubbie8330]

Thank you for a fantastic explanation, Ross !

[@DaytradeWarrior]

You bet Cubbie83!

[@itsjaydub1851]

Have you ever seen eye trackers? I think it would a cool video where as you're live trading there is an eye tracker showing what you're looking at and when. So paired with your commentary, you can see your thought process of when you're watching the chart, bouncing to level 2 and the tape, etc.

[@DaytradeWarrior]

Yeah, Ross has used them in the past!

[@WreckerR]

Thank you! Thank you Ross! This just filled a massive gap. This is exactly what I needed to know. Thank you!

[@DaytradeWarrior]

🙏

[@swoods7720]

Now I get it!! Thanks for your clear explanation.

[@DaytradeWarrior]

You're welcome!

[@steveburch5113]

Simply outstanding My understanding increased an order of magnitude. TYVM

[@DaytradeWarrior]

Thanks Steve!

[@LadyDmultiappOG]

Ross, Fellow (ex) Bershirian here. Lived in Lee and Great Barrington until my teenage years. I love your outdoor videos. Brings happy memories for me.TY With that said, I really want to thank you for free access to this video. As well, others you have posted in recent. You have provided essential information for new traders ( and experienced) that is priceless.❤️ You are just as great of a teacher as you are a trader. Your voice, patience and ability to make even complicated subject matter easy to digest for all education and intelligence levels is a gift and talent few have. An amazing gift 🎁. Thank you for sharing❗

[@DaytradeWarrior]

Really cool, thanks so much for sharing!

[@blacktycoon888]

Thanks for lessons and dedication Ross! You are gifted to be a great teacher as well as extraordinary trader. Hope some of us would also discover some hidden talents on this path of becoming succesfull stock trader..

[@DaytradeWarrior]

I hope so!

[@Ahmedma8]

The only video that I understand level 2 from ty

[@DaytradeWarrior]

Glad to hear that Ahmed, thanks for watching 🙂

[@tinaparker1780]

After i started using Level 2 i really didnt know how i ever traded without it. I would feel like i was trading blind now. Makes a huge difference. Probably one of the things that helped me to become a consistently profitable trader

[@DaytradeWarrior]

💯💯

[@TheArt0053]

Really helpful! Thank you for doing this.. Can't wait to take your class

[@DaytradeWarrior]

Thanks for watching!

[@bobganderson]

Had no idea there can be hidden order sitting in there. Explains alot....Thanks

[@DaytradeWarrior]

Glad to help!

[@jamesjean8276]

Thanks for all of the informations you provide.

[@DaytradeWarrior]

Any time 🙂

[@ryanblake1066]

Love the content Ross!

[@DaytradeWarrior]

Thanks Ryan!

[@NickBmc]

Is there a video more in depth on the buy and ask ect

[@DaytradeWarrior]

If you haven't had a chance to attend yet, one of the best ways to learn more about the level 2 bid and ask would be to join us in the next Warrior Trading webinar. The webinar is free to join, and you will receive a copy of Ross' 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/

[@arsen_egi]

that was a super valuable video thank you for sharing the knowledge

[@DaytradeWarrior]

Glad to help!

[@crusher189]

your one of my favirote trading mentors. This guy has so much free content its crazy. Its invaluable and if your intersted his course digs deep into it and it lets you be part of the community. I myself am not part of it but i do belong to a different ones. Hes is a very good break out trader. (morning scan trades/generalizing here). I doubted him and when i gave it a shot, i started learning more and everything started to slowly clique. Love his videos.

[@DaytradeWarrior]

Appreciate that, glad you enjoyed!

[@robertflindall4692]

I really appreciate this video. I've found it a struggle to wrap my head around Lvl 2 and how to read it properly - but this has really helped.

[@DaytradeWarrior]

Thanks Robert!

[@isaactan3918]

Hi Ross! Thank you for your video. Would like to clarify regarding the "upper hand" that you mentioned @ 6mins mark. If there's 4 buyers at $2.25 and there's only 2 sellers at $2.26. Wouldn't the sellers have the upper hand? If buyers were to buy that 13k shares at $2.26, the price would have moved to $2.27 Would appreciate your thoughts on this. Thank you!

[@aikidoshi007]

Brilliant, very inspiring!

[@reknine]

Awesome content as usual. Thanks for giving me the option to learn to be a better trader!

[@DaytradeWarrior]

You’re welcome!

[@sayanmondal6640]

Hey Ross can u tell me how much ecns are there in lightspeed

[@DaytradeWarrior]

lightspeed.com/

[@emotions5666]

Cool. Got your book and was really great. One of the best resources I have found. Thanks for the guidance.

[@tradingsimplified8158]

Can’t thank you enough ross. I’m up 10,000 this year and I believe it’s because of your tips and tricks. Appreciate you

[@DaytradeWarrior]

Great job!!!

[@NormanThompson-lf9nb]

dude youre the man thank you for your time and lessons amazing!!!

[@DaytradeWarrior]

You're welcome Norman!

[@estebanfalcon9046]

Awesome, Thank you Ross.

[@DaytradeWarrior]

You're welcome Esteban!

[@eddyravelo887]

Great video Ross, Thanks!

[@DaytradeWarrior]

Glad you liked it!

[@ricardodiaz8719]

Hi Ross, I am becoming profitable in day trading and I owe you a lot. I feel confident when I am trading while hearing you speak on this channel and I have learned a lot from you. Thanks Ross big thanks.

[@DaytradeWarrior]

Sorry for the late reply, but thanks for these thoughts! Great to hear that!

[@thane1448]

Questions: Don't some people prevent their trades from showing on the LEVEL 2 somehow? What % of people do that? How does buying on the bid work if that level is a buyer, not a seller? Does buying on the big get your order treated differently by zero-commission outlets like TD Ameritrade? I'm currently learning with Webull, trading single shares, and my buy/sell entries look like winners visually, but in my trade history im losing a small percent. Also, with all the white colored text, in the sales window, how can you factor that in?

[@patrickmccartney1246]

Good video, thanks Ross. Am a member. Highly recommend the course.

[@DaytradeWarrior]

Thanks Patrick, I appreciate you

[@DS-gn5vu]

God bless you for this video it was simple, straight to the point and informative.

[@DaytradeWarrior]

Thanks for the feedback, glad you enjoyed!

[@kellis773]

Good coverage of level 2, TY

[@DaytradeWarrior]

Glad you enjoyed it!

[@apurvamonal3581]

I am using these technique to trade low volume stocks between spreads, not able to process same thing in high volume fast moving stocks, please make such kind of videos which are actually prop desk setups for trading thanks.

[@DaytradeWarrior]

Thanks wil make a note

[@davidboehm3312]

Great class!

[@DaytradeWarrior]

Thanks 🙂

[@treefrogs2894]

I always use level 2 the only time I do not use level 2 is when I'm swing trading

[@DaytradeWarrior]

Thanks for the comment!

[@watchmanonthewallquebec]

Thank you Ross for this great explanation.

[@DaytradeWarrior]

Thanks for watching!

[@golstoggolstog3283]

Thank you ross. very useful video. Love it.

[@DaytradeWarrior]

Thanks for the comment!

[@charleabythesea]

Thank you Ross!

[@DaytradeWarrior]

You bet!

[@robertmayer1176]

Thank you so much for posting videos like this. I am going to watch it at least six times. I have so much to learn.

[@semilemafa3661]

Big mahalo for this one as well Ross.

[@DaytradeWarrior]

Thanks for watching!

[@Benb9903]

Thanks Ross. Learning everyday

[@DaytradeWarrior]

Glad to hear it!

[@samdoral4927]

Great educational content on Level2

[@DaytradeWarrior]

Happy to share!

[@wallas5949]

Level 2: Why do you focus on the ASK rather than the BID? Is there an advantage to focusing more on the ASK than the BID? Thanks!

[@DaytradeWarrior]

I’ve always trained my eye to look at the ask because it’s the highest price, and it indicates whether or not the price is going to keep going higher based on how many sellers are there and how far away the next order is above current ask price

[@wallas5949]

Much thanks for your careful, very helpful response!!!

[@itsmv111]

What's the best level 2 for a beginners without having to pay a monthly subscriptions? DAS is too expensive! Thanks Ross

[@DaytradeWarrior]

TD Ameritrade offers level 2 that doesn't require additional market data. We'd recommend checking with them to confirm this as these things can change.

[@coryswenor1804]

YOU THE MAN ROSS

[@DaytradeWarrior]

Thanks Cory!

[@TuneintoLearning]

What does your scanner look for when deciding that stock would be a good trade? Does it look for volume largely as well as volatility?

[@DaytradeWarrior]

Sorry for the late reply, but If you haven't had a chance to attend yet, the best way for you to learn more about the scanner criteria would be to join us in the next Warrior Trading webinar. The webinar is free to join, and you will receive a copy of Ross' 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/

[@TuneintoLearning]

Also, how many companies have you traded with in stock? Is it like 10 companies that has made you, your income?

[@DaytradeWarrior]

Ross trades different stocks on a daily basis! If you haven't had a chance to attend yet, the best way for you to learn more would be to join us in the next Warrior Trading webinar. The webinar is free to join, and you will receive a copy of Ross' 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/

[@SD-mg7np]

Hey Ross in your course do you teach any strategies which can be used for a 1:2 risk to reward or better? Also as a person who has tried to find good level 2 content on you tube yours is the best I’ve found . Please if you can make these videos at least once a month that would be so helpful for people. I know I speak for a lot of traders when I say this. Thanks

[@DaytradeWarrior]

If you haven't had a chance to attend yet, the best way for you to learn more about Ross' trading strategies would be to join us in the next Warrior Trading webinar. The webinar is free to join, and you will receive a copy of Ross' 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/

[@matthale5388]

great level 2 video

[@DaytradeWarrior]

Thanks for the comment!

[@darrellfreeman4872]

I love this Level 2 scanner & your explanation of it. Is it proprietary?

[@sallydavis8310]

Ross what is the best way to play a stock with a big spread

[@DaytradeWarrior]

Sally, that depends on the current market conditions, if the spreads are too wide Ross may just look for sympathy momentum so he is able to manage his risk better.

[@mariolopez6068]

Thanks again Ross. What do you think of streetsmart edge? I am thinking about buying esignal but is kind of expensive.

[@DaytradeWarrior]

These are two offshore brokers that people in our community or our educators have used that you can research. For accounts under $25,000 (as little as $500), you can take a look at CME Group (US and all international residents except Canada). CME Group review: www.warriortrading.com/capital-markets-elite-group-review/ CME Group website: cmelitegroup.com For accounts under $25,000 Minimum deposit of $1000 available to anyone outside of the USA except Canadians: TradeZero review: www.warriortrading.com/trade-zero-broker-review-how-it-matches-up/ TradeZero website: tradezero.co/ TradeZero WT rebate program: www.warriortrading.com/tradezero-broker-rebate-program/ (Keep in mind that participation in a Broker Rebate Program is not required to trade or to be a member of our community. Rather, they can be an opportunity to receive discounted commission rates if any of these brokerages are a good fit for you.) This article can be a helpful resource for exploring your options for day trading with less than $25k! www.warriortrading.com/how-to-day-trade-without-25k/

[@narinostuiver642]

Ross, you are severly underrated. Keep up the good work ! :D

[@coryswenor1804]

THE VIDEO IVE BEEN FINALLY WAITING FOR LETS GOOOOO

[@DaytradeWarrior]

Haha love it!

[@cliffcoates7982]

Hello Ross, Fantastic video and very well explained. I have one question please. At 18:00 The share SRNE with a 596,000 share seller on the Ask. Although this share broke through and up to over $11 what would happen if the Buyers gave up and it didn't break through the Ask price, would that mean the share would literally go down in price? Thank you again for the great content. Cliff in the UK

[@DaytradeWarrior]

Cliff, if there is a large seller on the ask and that seller doesn't get taken out, and Ross were long anticipating a break of that level, he would likely take his position off and wait for another break out setup through that level.

[@hk-bp5ku]

grate video. but how could we have green in take as ask price and ABOVE . who cold i get more than what i asked for?

[@DaytradeWarrior]

Sometimes market orders will fill above/below best bid or offer.

[@sotheasay872]

look too expensive to join as your student ROSS. Do you have any discount?

[@DaytradeWarrior]

Please reach out to us at [e-mail] or warrior.app/contact

[@JM-et1jk]

Another awesome video! Thank you for your video

[@DaytradeWarrior]

You bet, happy to help!

[@_S.J.B_]

Love Your Videos

[@DaytradeWarrior]

Thank you!

[@lesoza]

Thanks for the video!

[@DaytradeWarrior]

You’re welcome

[@ryanmax1772]

Hi Ross, As a Newcomer, I enjoy your shows. Have a question about the Ask size of 11849 shares you stated as 1184900 shares (at 14 minutes mark) why is that? I have Lv2 but never know that every 100 Ask/Bid order should be counted as 10000? Did I miss something? Thanks

[@DaytradeWarrior]

Must've been a mistake Ryan!

[@osluocra]

excellent explanation! Thanks so much!

[@CarlosMorales-bc6yv]

What’s your take on Andrew aziz’s view that big bids are actually bearish because these buyers are “low balling” and not willing to get in at a higher price (like the ask). Aggressive buyers will get in at the ask, therefore big ask on a stock that is spiking may indicate aggressive buyers

[@DaytradeWarrior]

I don’t really agree

[@Elie941]

thanks ross for this video amaizing boss

[@DaytradeWarrior]

You're welcome!

[@方清-j7d]

Should I focus more on Time and sales or more on level2 when I am reading the tape?

[@DaytradeWarrior]

Ross likes to focus on both equally

[@方清-j7d]

@@DaytradeWarrior Thanks

[@jenniferbrady6468]

Thank you for sharing your knowledge!!

[@DaytradeWarrior]

Of course 🙂​

[@robertstevensob4087]

wow Ross just when i think I am done learning you put amazing content out ..thanks so much .... i never knew about hidden sellers

[@DaytradeWarrior]

Right on Robert! Happy to help!

[@dannahmias5511]

Thank you for the video. How is a trader able to hide a large order like the one we saw in the last example? Why might it be to the trader's advantage to keep their order hidden?

[@DaytradeWarrior]

Dan, there's many reasons. Check out this article for more info: www.warriortrading.com/hidden-seller-definition-day-trading-terminology/

[@dannahmias5511]

@@DaytradeWarrior Exactly what I was looking for. Thank you!