Level 2, Time & Sales on Webull

Explained Easily
In this video, we discuss Level 2 and Time & Sales - what they are, why they are important, how to incorporate them in our day trading and/or investing, as well as providing a real life example to follow along. Enjoy!
0:00 Intro
0:20 Adding Level2 & T&S Widgets
2:02 What are they? + Why they are important
7:24 Real Life Example
13:40 Conclusion/Thoughts
#level2 #timeandsales #daytrading #stocks #webull #technicalanalysis

[@LoneWolfSniperTrading]

Have you found this video helpful?

[@LoneWolfSniperTrading]

@@NoSaiCeeNxT I will definitely get better as I progress in my learning, excel in my explanations, and figure out YT more and more. Thanks for the honest feedback 👍

[@brandonacklin1913]

💎💎

[@aryol8816]

I think on the top, the area shows the ratio of total ordered positions, If the red area in the graphip bigger than green does it means stock will go up?

[@masmik70]

I help spread da word of the Sniper on webull!

[@jaybuddhamusic]

@@LoneWolfSniperTrading Hey there Lone wolf! Awesome video :) Would you happen to know if Webull offers Level 2 for the OTC market?

[@theoherro823]

A well presented video, reading and understanding the charts is not an easy task for a beginner, if you can't handle it. I highly recommend you hire a qualified personnel who can decipher it and assist you.

[@alonzocaridad1448]

I decided i could do it on my own, tried different indicators and I am yet to yield profits can you assist me in anyway?

[@adammuller9594]

To fully understand the market you have to fully devote your time to research.

[@ethangavin5348]

I'm still new to trading so I am practicing with a demo account

[@theoherro823]

I am still instructed by the renowned CONS. Edwin Earl and i rely on his experience to make me profit weekly.

[@ralphpeterson6806]

I keep seeing CONS. Edwin Earl recommendations on multiple forums, I would like to know more about his services or platform first?

[@trendjitman0919]

This is the best video I ever watched and cleared my confusion about level 2 in option trading. Thank you very much for this video!

[@masmik70]

Brah you are so underrated! Best setup video and beginner explanation of level 2 ever of webull. Thank you! Definately gonna help spread your gospel!

[@MRSKim-ox9vv]

Thanks for making the video! Very helpful, straight to the point, and no BS. Love it!

[@flaviochapa3003]

Bro! I really like the way you explained Webull, specially nice and calm, not like others screaming talking really fast, thanks!!

[@gonzo5305]

so much better than other videos, I actually understand it now lmao, thank you

[@godlovesyouy956]

Like another review stated: "this is the best level 2 video with explanation ever seen." Have heard explanations but without an example like this one.

[@JOCECIL]

You have a new subscriber. Everything about this video its perfect. Your asmr soothing voice, your explanation was the best so far for me, also the way you do it visually. Please do more videos!! And please do more explanations on how to read the chart and the time and sales.

[@LoneWolfSniperTrading]

Borigirl, thank you so much for your comment, I will definitely make more videos of such.

[@azertyy3978]

Extremely helpful, thank you! Is the volume analysis something that you use as well in Webull beside the L2 and time and sales?

[@gozzilla]

video is amazing, thanks for explanation

[@skaterdude14b]

Good video. I really liked the real life example 👍

[@siranton14]

This video was actually really helpful thank you !

[@soundzzznimages4423]

You were extremely helpful!!!! Keep it up!👍🏼

[@Hopium51]

Video is very clear and understandable. I like the pace of this video. Others I have watched are too fast to understand. Very good. Thanks

[@Giovann7]

Great video it was very informative Thank you

[@supafrenzcorp3551]

This was the best one i seen! 👏

[@LifeWithALibra1]

Great video man thank you.

[@zeus0710]

Awesome learned alot thanks definitely subscribing

[@jamesburris871]

Good tutorial

[@ryanmcgavock3799]

how does the white effect if the price is going up or down? When we see alot of white instead of red or green in the time and sales how is that effecting the move?

[@stevenk9281]

thanks so much really appreciate u doing this!!! helped alot

[@LoneWolfSniperTrading]

Thanks for watching!

[@brianburris1148]

This was awesome

[@luease1369]

that was a great vid

[@double5nickel5]

Thanks.

[@dreablake42]

Very helpful, this newbie thanks you!!! 😊

[@LoneWolfSniperTrading]

It is my pleasure! 🙂

[@robertquinonez_]

Great explanation, the best so far.

[@LoneWolfSniperTrading]

Thank you, Robert!

[@runningman5738]

Thanks! 😊

[@renzowalter3027]

Hi Mr. Sniper, or anyone who can answer. All input is helpful. Do these numbers include options contracts?

[@Gofastbeepbeep]

Came across your video, great content and vid...however one question I can't seem to get answered on level 2 is on the time and sales part...if you look at certain sales or buys they are highlighted almost and sometimes look grouped together as they were like 1 sale or buy vs other sales or buys don't have this highlighted look to them. This is only in the time and sales box on level 2 webull. New trader and trying to learn. Ty again for the great video.

[@lynnhuynh5782]

Thank you for the video. It is so helpful for a newbie like me. I have a question. So red is seller, green is buyer , what is the white?

[@twicely_nice_boutique7314]

What a great video this was ! The calm voice you have made it that much better. Thanks for explaining this and showing it all in real time 💕

[@lifestyles2482]

Good job bro. Drill it in. Oh I would have preferred even more slow detail when the ask gets purchased and switched to time and sales. Showing where that comes in. More on that.

[@Dm-rm6ti]

Excellent video! Thank you for breaking it down so simply. I’m just getting started with Webull, transitioning from Robinhood...it looks different for us beginners lol

[@LoneWolfSniperTrading]

It is my pleasure! Though there’s definitely some getting used to, Webull is a great platform for beginners.

[@Dm-rm6ti]

@@LoneWolfSniperTrading also, you’re right there isn’t any other channel discussing level2 and time and sales on Webull

[@NextStop2030]

Good job man. Surprised how few others put content out on L2. I would recommend a slight bit more energy. Its me, stupid ADHD.

[@LoneWolfSniperTrading]

Hi Curt, I appreciate the compliment and the recommendation. You’re right - I do acknowledge I should add a slight bit more energy to my work, especially my voice haha - there’s always room for improvement!

[@joeysworldtour9367]

Sick video

[@samhovey9058]

What do the different colors mean on time and sales? (Red, green, white)

[@brassmonkeyballs1682]

Question...can you do a video on the webulls imbalance and paired crossovers

[@staticsurfer1382]

What are the white colored sales in time and sales?

[@josecityforce2284]

GREAT VIDEO, WISH I WOULD HAD SEEN IT BEFORE I LOST MY A**. DO YOU DO LIVE TRADING?

[@romanokison819]

On the time and sales, green means buyers red means sellers what does the white tick mean?

[@Kimtesfaye]

great vid hahaha

[@truth_serum3188]

Subscribed

[@coalakida]

How is the order book a real level 2 ? Is it better now in 2023 ?

[@sirsmith77]

Good explanation on Webull level 2. What does it mean when the text is white (as opposed to green or red) of a sale listed under "time and sales" "tick by tick"?

[@Zenpreneur]

it means order was executed between ask and bid

[@Link-ji7kx]

Ok this might be a dumb question but what I’m confused about is the red and the green on Time & Sales. I know green = buyers and red = sellers, but for every buy - there’s a sell. So, what how is something considered a sell or a buy then? If it drives the price up its green and vice versa?

[@LoneWolfSniperTrading]

hi Marc, that's not a dumb question at all, it's actually a very good questions. This might be a bit confusing at first, because it is inversely related. What do I mean by inversely related? Well, when the T&S shows GREEN, it means orders are being filled on the ASK, meaning the price is moving upwards. And when the numbers are RED, they are being filled on the BID, meaning the price is moving downwards. The flashes of WHITE prices on the T&S means a person decided to buy (or sell) between the bid and the ask (within the spread) and that can be done through a market order (wanting to get in or out immediately at the current price), as oppose to submitting a limit order.

[@Jaysnipes]

12:48 I see how there were big sellers especially at 3 dollars, but inevitably it pushed up anyways. Had it resist would you say, it was due to that large sell order? That seems like guessing. I couldn't see how order flow help. Now had it pushed up after seeing an order for 3m buy at 3 that would be interesting, but that doesn't exactly mean it would continue up right? Not seeing how order flows edge in making trading decisions.

[@Anthony-tc6vu]

This was one of the best total view explanations- how do you use the oscillating bars above the bid and ask?

[@LoneWolfSniperTrading]

Hi Anthony, those are simply an illustration that compiles what is occurring in the bid and the ask.

[@101propertymgmtinc9]

Can you explain how to read level 2 when is a good time to buy or sell a position base on the bid/ask prices.

[@LoneWolfSniperTrading]

Hi 101, for example, say the first BID is 4.95$ and the first ASK is 5.00$. This means that the spread of the stock is 5 cents. Say the price of the stock is currently sitting at 4.99$ (within the spread, within those 5cents) and its moved up from 4.98$. This means the current price is moving closer to the ASK, and depending on how big the ASK is, price has the possibility of hitting resistance/ceiling/wall at 5$; or moving up higher, if it breaks above that wall. That’s where you’ll have to read the BID. If the bids/buyers have suddenly moved up from their 4.95$ bid, closer to the 5$, to meet the sellers on the ask, and we look back at the ASK, and we see them decreasing, then with enough influx of buyer volume, we may break above that resistance/wall. And that’s just for breakouts, when we anticipate the stock is going up higher by breaking resistance levels. Buying the dip is inversely similar, we are seeing if there is enough bid support or buyers at an area of value when the stock is going down. That’s when you make the decision, will the probabilities stack in your favor. Smh I wrote an entire essay hope this helps

[@eYeZiQ]

@@LoneWolfSniperTrading Very helpful indeed! I wish I were able to read further out though, to predict trends an hour or two ahead. It's tough to add up the math and figure which side is likely to win out, especially when it's shuffling so quickly. Aargh! Could you explain what the shifting Y lines above the ask and bid indicate exactly? Is it volume at each $ level, or a price / volume weighted indicator on the y-axis? And what could I learn from steeper slopes? Thanks!

[@LoneWolfSniperTrading]

@@eYeZiQ to be able to predict trends that far ahead, you would have to use larger time frames. And even then, there is no way to 100% know the price of the stock exactly, just a prediction, or else we'd all be rich, but trading would be boring lol. You are correct, the shifting lines above the bid and the ask is referring to the volume for each price, though they are being added exponentially. For example, if there are 100 shares sitting on the first bid price of 7.01, and 200 on the second bid price of 7.00, then the line above will reflect a volume of 300 for the price of 7.00. So on and so fourth. Same goes with the ask. Therefore, you can see why sometimes a very STEEP illustration will appear with those lines, that's because suddenly there is a huge influx of volume, on either side bid or ask. It's just an illustration that sort of does help us visualize the level 2 in a different perspective.

[@Ambryland]

Thank you so much for this AMAZING video! By far the best for Webull users looking to understand Level 2!

[@LoneWolfSniperTrading]

Thank you for your support, Ambryland!

[@anthonyputeet8275]

one question!!!! what if you are looking at the shorting part. what if you want the stock to go down. then how do you read it???

[@LoneWolfSniperTrading]

Hi Anthony, it is the same thing - buyers and sellers, supply & demand. Basically, the only thing that changes is your own conviction of the direction of the price, up or down.

[@agboogie9396]

Watched 10 other videos on LvL 2 before finding this one. All useless lol Well done sir 🤝

[@skaterdude14b]

Did you learn from someone like Ross or SJ? Are you primarily a breakout daytrader or do you do any support buying/retest, EMA crossovers, or buy when people like Will Meade tweet about a stock?

[@LoneWolfSniperTrading]

I learned mainly from Ross of Warrior Trading, and Jared Wesley of Live Traders here on YT. But, also from doing my own due diligence. I do not take trades from tweets; I don’t even have a Twitter or social media lol

[@Javier-kx8zm]

Where it says time and sales yours is all white mine on the app has some in white, green , red, im trying to figure out how to see the shorts i think the shorts are the white? 🤷‍♂️

[@LoneWolfSniperTrading]

hi Javier, they are white and standing still because at the time I recorded this video, it was over the weekend, and no orders go thru during that time.... check out the live example at the given time stamp. This might be a bit confusing at first, because it is inversely related. What do I mean by inversely related? Well, when the T&S shows GREEN, it means orders are being filled on the ASK, meaning the price is moving upwards. And when the numbers are RED, they are being filled on the BID, meaning the price is moving downwards. The flashes of WHITE prices on the T&S means a person decided to buy (or sell) between the bid and the ask (within the spread) and that can be done through a market order (wanting to get in or out immediately at the current price), as oppose to submitting a limit order.

[@Javier-kx8zm]

@@LoneWolfSniperTrading thanks for the reply, that makes sense.

[@Javier-kx8zm]

@@LoneWolfSniperTrading ill check out the other vid.

[@Justin11897]

@@LoneWolfSniperTrading appreciate that info but I’m just curious about 1 thing. If the white orders are market orders do you know why PM and AH are only white on the T & S? That’s why I thought white orders were limit orders. Thanks ahead 😁👍

[@Dougie_dee]

Bruh wtf?! This has help me so much! You’re so underrated.. Do you have a twitter? i’ll be sure to shout you out

[@LoneWolfSniperTrading]

Thank you, Thanos, but I don’t have social media other than KZbin lol

[@fight4right696]

Do you have any discord or training courses ?

[@augustoliver2779]

This is a good video. Thanks for making it. I do think it is above my level of understanding of how things work. I wonder if you can answer a question for me. Why do traders want to hide what they are doing? I would think that when knowing when people are buying is good because buying drives the price up. Same as with selling. So why the trickery manipulation with the intent to deceive?

[@LoneWolfSniperTrading]

Regular, retail traders, as you & me do not have the access to dark pools. It is the large institutions such as hedge funds which use them. They hide their large block orders in order to foot ahead of the general crowd. So once the general population begins to buy, the hedge funds are taking profits (selling). It is to some degree deceitful and manipulative. To better understand this, type in “Axe Capital & Dark Pools Trading Stocks Explained” by AK Fallible. His explanation helped me understand it a whole lot better. Thanks for watching, cheers 🥂

[@Jacked2theTs]

Came here looking for info about Webull... Ended up with ASMR. lol

[@LoneWolfSniperTrading]

Lol is that good or bad? 🤔😅

[@kengthor4801]

Love this video. Very throughly explanation. SUBSCRIBE!!!

[@negenreider]

This video explained it so well! Thank you for taking the time to do this. I do have a question and hoping you are still replying to comments here. It looks to me when the graph in Level 2 is big red area, price goes up and if the graph is a big green mountain the price goes down. It seems opposite to me. Am I understanding it wrong?

[@LoneWolfSniperTrading]

Hi Nina, a large green mountain means there are BIDS stacking up, or in other words BUYERS; therefore, the stock price will go up. Likewise and inversely applicable to the ASK side (red mountain)

[@negenreider]

@@LoneWolfSniperTrading so it the is a large mountain either side, the price goes up?

[@LoneWolfSniperTrading]

Green mountain=up Red mountain=down

[@negenreider]

@@LoneWolfSniperTrading So why do I see the price go up sometimes, red mountian, asking higher price? Thank you for being patient with me so I understand correctly.

[@LoneWolfSniperTrading]

That’s because there was a big red wall/mountain of sellers, who got bought up by the buyers at that price area (a lot of sellers on the ASK creating a big red mountain, but OVERALL MORE BUYERS will then make the price will go up) I hope that helps

[@Swissalchemist]

Is this the desktop app or web app?

[@LoneWolfSniperTrading]

Hi Andrew, this is Webull for Windows (not desktop 4.0)

[@waldrobfarms3946]

perfect, except for the music at the end lol

[@LoneWolfSniperTrading]

Lol I was playing around with the KZbin music player 😂😂

[@MickyLion5527]

Webull shows only nasdaq exhange orders which is very bad.......level2 is incomplete in webull

[@LoneWolfSniperTrading]

Yes, this is true. Now, Webull has a NBBO widget which allows us to see all the other exchanges.

[@MickyLion5527]

@@LoneWolfSniperTrading wherr i can see that?

[@maumolina123]

most ppl doesnt undertand this data is almost worthless. overall because the way he explained is no how it works , read an order flow book , u will see that most of those large order shown on level 2 never got hit , its a trap for rookies

[@ashleyabad6278]

hey bro you got an IG? wiling to follow you

[@LoneWolfSniperTrading]

hi Ashley, I do not have an Instagram account at the moment. I deactivated my ig in order to focus more on trading.

[@brysonwilliamson6269]

Good info, minus the smacking of your lips. Couldn't make it all the way through.

[@Randy-no5mi]

Thought I'd spend some time this weekend to learn a little about how to read the tape. You did well explaining it but I was lost. I would have said its going down at $2.50 and for sure at $3.00. There were no bids at $3.00 and then share price just jumped up. Where did all of the buys come from? People hitting the ask? I've tried learning this a few times and I don't think I'll ever get it. It all moves so fast and trying to watch everything and buy or sell at the same time is something I just cannot do.