How to Read Level 2 Time and Sales, Tape Reading - Day Trading for Beginners 2020

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🔽Time stamps:
1:34 What is Level 2 Market Depth
5:13 What is Time and Sales (tape)
7:35 Adding and Removing Liquidity from the market
9:15 How to get good at reading Level 2 and time and sales
10:25 What to look for on Level 2 (Order stacking & Hidden Orders)
14:52 How to use the stock chart and Tape together

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How to Read Level 2 Market Depth:
The montage window show the pending orders waiting to get filled. In Level II you'll see bids and asks, exchange routes, order size to buy and sell.
-L2 Bids are the buyers
-L2 Asks or Offers are sellers
-Colors: No meaning, but can show buyer or seller stacking orders
-Exchange routes: where the orders are sent from

How to Read Time and Sales or Tape reading:
T&S show real time orders from Level 2 that got filled.
-Red prints are orders filled on the bid side
-Green prints are ordered filled on the ask

Using the chart, Level 2, and Time and sales together can tell you when a stock is selling heavy, order stacking, hidden sellers or buyers.
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