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!

[@StillGotiTGolf]

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

[@DaytradeWarrior]

You're welcome!

[@battlecore501]

Thanks!

[@DaytradeWarrior]

Welcome!

[@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!

[@1StarSpangledBanner2]

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

[@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!

[@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!

[@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!

[@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!

[@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!

[@firsttimejimmy9791]

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

[@DaytradeWarrior]

Love to hear it!

[@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!

[@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!

[@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.

[@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!

[@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!

[@stb2799]

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

[@DaytradeWarrior]

Great to hear!

[@tonyvain100]

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

[@DaytradeWarrior]

You're welcome Tony!

[@TMTrader_T]

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

[@DaytradeWarrior]

Thanks for watching!

[@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 🙏

[@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!

[@swoods7720]

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

[@DaytradeWarrior]

You're welcome!

[@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!

[@MauricioCuencaUnique]

Excelent explanation and examples were amazing

[@DaytradeWarrior]

Thank you Mauro!

[@lucacarraro9739]

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

[@DaytradeWarrior]

Thanks for the thoughts!

[@cubbie8330]

Thank you for a fantastic explanation, Ross !

[@DaytradeWarrior]

You bet Cubbie83!

[@darrellfreeman4872]

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

[@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!

[@sehajbrar9795]

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

[@DaytradeWarrior]

Glad you enjoyed it

[@emotions5666]

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

[@TheGreatTomDix]

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

[@DaytradeWarrior]

Great to hear that!

[@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!

[@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!

[@steveburch5113]

Simply outstanding My understanding increased an order of magnitude. TYVM

[@DaytradeWarrior]

Thanks Steve!

[@Ahmedma8]

The only video that I understand level 2 from ty

[@DaytradeWarrior]

Glad to hear that Ahmed, thanks for watching 🙂

[@WreckerR]

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

[@DaytradeWarrior]

🙏

[@MattEssex33]

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

[@DaytradeWarrior]

Of course, happy to help!

[@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!!!

[@aikidoshi007]

Brilliant, very inspiring!

[@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!

[@crypticwealth2956]

More level 2 videos please. Valuable topic.

[@DaytradeWarrior]

Thanks for the comment!

[@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!

[@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!

[@kronikrides5143]

Dang man. Love your videos. Learning so much. I don’t have the capital to day trade though my only thing. Appreciate what you do man. Great teacher, I’d love to join one day! Much love. ✌🏼

[@DaytradeWarrior]

Thank you!!

[@arsen_egi]

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

[@DaytradeWarrior]

Glad to help!

[@jamesjean8276]

Thanks for all of the informations you provide.

[@DaytradeWarrior]

Any time 🙂

[@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!

[@TheArt0053]

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

[@DaytradeWarrior]

Thanks for watching!

[@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/

[@bobganderson]

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

[@DaytradeWarrior]

Glad to help!

[@olavlind]

Great content Ross 🙂 One unrelated question though: What type of camera and audio equipment do you use?

[@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.

[@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!

[@patrickmccartney1246]

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

[@DaytradeWarrior]

Thanks Patrick, I appreciate you

[@estebanfalcon9046]

Awesome, Thank you Ross.

[@DaytradeWarrior]

You're welcome Esteban!

[@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.

[@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!

[@NormanThompson-lf9nb]

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

[@DaytradeWarrior]

You're welcome Norman!

[@ryanblake1066]

Love the content Ross!

[@DaytradeWarrior]

Thanks Ryan!

[@Flow_State1991]

Im back again. 830am here. Round figure being 10.00 psychological also easy to spot on the level 2/tape? 👌 Sorry newbie here 😅

[@DaytradeWarrior]

Thanks for watching!

[@AlphaOmega888]

21:20 he talks about "Hidden Sellers"

[@DaytradeWarrior]

👍

[@semilemafa3661]

Big mahalo for this one as well Ross.

[@DaytradeWarrior]

Thanks for watching!

[@davidboehm3312]

Great class!

[@DaytradeWarrior]

Thanks 🙂

[@michaeljahn9058]

Hi Ross, frist of all: thank you. I learn a lot from your videos. My question: I use tradeview, where ist the tape or level 2 to be seen? I cannot find it. Thanks Michael from Germany

[@eddyravelo887]

Great video Ross, Thanks!

[@DaytradeWarrior]

Glad you liked it!

[@sayanmondal6640]

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

[@DaytradeWarrior]

lightspeed.com/

[@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?

[@reknine]

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

[@DaytradeWarrior]

You’re welcome!

[@kellis773]

Good coverage of level 2, TY

[@DaytradeWarrior]

Glad you enjoyed it!

[@JustinSlone-qp7pt]

What equipment such as scanners should i buy? Names and software? Im wanting to take this as a second job. Im all in.

[@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!

[@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

[@lisaspera8590]

you are awesome I love the way you explain things.

[@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/

[@earthling808]

I'm new to trading and I'm wondering why is there not some kind graphical indicator that represents Level 2 on the chart? Or is there? Would that not be a 'leading' indicator instead of a lagging indicator?

[@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]

💯💯

[@amandal5696]

Much appreciated!

[@DaytradeWarrior]

You're welcome!

[@Dejan_23Unlimited]

16:08 👍

[@DaytradeWarrior]

🤓👍

[@charleabythesea]

Thank you Ross!

[@DaytradeWarrior]

You bet!

[@matthale5388]

great level 2 video

[@DaytradeWarrior]

Thanks for the comment!

[@narinostuiver642]

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

[@pabloottawa]

Quick question; How do you keep up with the speed at which the orders go through? Like, where are your eyes when you finally decide to 1) BUY and 2) Sell?

[@DaytradeWarrior]

I am watching the tape and level 2

[@csg388]

Does anyone have a recommendation on which broker would be best for paper trading, Ive been using webull but it has some lag (buy at 2.20 but by the time its filled its 2.25 etc...) not very good for quick entries and exits in my opinion.

[@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!

[@_S.J.B_]

Love Your Videos

[@DaytradeWarrior]

Thank you!

[@jozefriskalcik7105]

The colours explanation is confusing. It’s just saying without giving info what ask /bid means because all records are ask/bid records in particular column

[@DaytradeWarrior]

👍🤓

[@coryswenor1804]

YOU THE MAN ROSS

[@DaytradeWarrior]

Thanks Cory!

[@treasurehunt7812]

Great lesson. Thanks

[@osluocra]

excellent explanation! Thanks so much!

[@golstoggolstog3283]

Thank you ross. very useful video. Love it.

[@DaytradeWarrior]

Thanks for the comment!

[@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.

[@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!

I enjoyed this video and learned a lot. TY

[@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.

[@Elie941]

thanks ross for this video amaizing boss

[@DaytradeWarrior]

You're welcome!

[@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/