How to Read Level 2 Data in Webull | Level 2 and Time & Sales

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Today we’ll be quickly covering Level II and Time & Sale within the Webull platform. These two tools will let us get a better look at a stocks liquidity and supply and demand in real time.
Level 2 is essentially the order book. It’s simply a list of all the open orders out there to buy and sell the stock right now. Time and sales on the other hand is a list of all the trades that have already filled and the prices they filled at.
Timestamps
0:00 Intro to Level 2 Data
0:42 How to Add Level 2
2:20 Level 2 Explained
6:24 Time & Sales Explained
9:29 Outro
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[@shortthestrike]

Webull Link (UP TO 12 FREE STOCKS): a.webull.com/KJLaoiDnnHrFKovdOg

[@troypereira588]

Nice video but trust me, all the huge hidden orders are the ones that push the stock up or down

[@Enigma_Vids]

They can be hidden on the order book but everything will show up on the time and sales.

[@josee1984]

Great video !!

[@Reb_Leibel]

well explained. tx!

[@CamLima7]

great video

[@AquariusVlog]

do you have a video talking about the LEVEL 2 quotes? aggregate order, cross orders, imbalances?

[@linlhin5028]

Hi how to show webull chart timer on timeframes?

[@miguel30215]

What does it mean when the time and sales is highlighted?

[@BeardTrader1178]

Are u able to get the abbreviated names on their? So I'm able to see market makers and pumpers?

[@jigarpatel1978]

on the time and sales there is one that is shaded in as green. What does that mean? I have also seen them shaded in as red too. Thanks!

[@SeeyouinPittsburgh]

How do you see predicted reopening price in a halt on a nasdaq stock?

[@robsiddall6086]

what is the graph for?

[@tmasst07]

Thank you. A few questions: 1. Where is the spread number in the L2 section? is it that middle number between the green and red graph? 2. For size, is that at value or abbreviated? For ex., if it says '100' does that mean 100 shares or abbreviated for 10x that amount (1000) shares?

[@BigBankzSon]

Yes to your last question

[@KDONeal1]

White prices?

[@daveoswalt519]

The prints in Red - are not those prints where the price ticked down from the previous price and not just a sell order? Because, there had to be someone on the end of the trade who was buying, so it could be a buy order too.

[@FracturedParadigms]

Isn't that the market maker buying the position initially and then a slight delay before it processes the purchase on the other side. Could be 5+ seconds on the order book showing the sell first and then following with a delay the buy appears

[@mr.futurestrader2115]

I heard the level 2 on Webull is only Arca orders which is why the data is so cheap. You’re seeing less than a quarter of the true flow

[@YouStillNeedToSleep]

does it show orders on webull only or the entire stock market

[@777dingo]

I believe it shows the entire stock market buy and sell activity for each stock.

[@KDONeal1]

What's the white prices mea

[@Xeluv]

Filled in between

[@_httpantwon]

you didn't show how to pay for it..

[@thechuck141]

I don't see how our helps it goes so fast I can't read it

[@josee1984]

That's exactly how it could help. If you see the speed of the tape speed up in either direction, that means there's momentum in that direction

[@FracturedParadigms]

That's the point. That's the data you need and the speed you need it to predict the movement before the charts reflect it. Learn to read it, and you can see a red or green candle before it forms.

[@courtneyds91]

well someone knows something jus none of us. Im sure those in charge of the data are telling their family something lol

[@Jess-wtf]

Thanks dude !!

[@shortthestrike]

No problem!

[@MUNZERI]

GOOD, THANK YOU BUT SPEAKING TOO FAST WOULD SURELY MAKE AUDIENCE KNOW THAT YOU KNOW THE SUBJECT WELL AND APPARENTLY YOU DO. BUT...TEACHING SHOULD BE IN CLEARER LANGUAGE AND QUIET SPEECH. I HAD TO GO BACK AND FORTH FREQUENTLY REPEATING THE VIDEO IN ORDER TO CATCH UP THE IDEA.

[@alexnvlp]

From my point of view he speaks very clearly and uses a normal pace. Just immaculate. You may adjust your youtube speed and / or pause it. Actually, you might have it accelerated.

[@FracturedParadigms]

Slow it down. You have a setting for it. Also the caps lock key is on the left my dude

[@courtneyds91]

well someone knows something jus none of us. Im sure those in charge of the data are telling their family something lol