How to use Level 2 Market Data with Lightspeed Trader
Vložit
- čas přidán 8. 05. 2019
- Want to Learn More ❓❓ Get info on My Strategy and Courses here: www.warriortrading.com/strategy/ 📈
Before we continue...👀
💰Remember, day trading is risky and most traders lose money. You should never trade with money you can’t afford to lose. Prove profitability in a simulator before trading with real money.
❗❗My results are not typical. We do not track the typical results of past or current customers. As a provider of trading tools and educational courses, we do not have access to the personal trading accounts or brokerage statements of our customers. As a result, we have no reason to believe our customers perform better or worse than traders as a whole.
❌Do not mirror trade me, or anyone else. Mirror trading is extremely risky www.warriortrading.com/why-mi...
🍏 All of the content on our channel is for educational purposes only. No data, content, or information provided by Warrior Trading, the Site, or the other products and services of Warrior Trading, is intended, and shall not constitute or be construed as, advice or any recommendation to buy, sell or hold a particular security or pursue any particular investment strategy.
✔️If you don’t agree with those terms and our full disclaimer (www.warriortrading.com/discla..., you should not continue watching our videos.
Still with me?
Now let’s dig into some helpful information …
What’s my story? ✏️ You can read it here: www.warriortrading.com/ross-c...
And check out my broker statements here 📝 www.warriortrading.com/ross-c...
Our website is filled with free info 🔎 Start with this guide, no opt-in required: www.warriortrading.com/day-tr...
Learn about my stock selection process, how I determine entries/exits, my strategy, and more in my free class 💻 Register here: www.warriortrading.com/free-d...
#daytrading #warriortrading #rosscameron #stocks #learntotrade
Warrior Trading // Ross Cameron // Day Trade Warrior
Hey Ross! Thanks for all you do in posting the daily videos and letting people who aren't subscribed still participate in your journey. I personally also saw massive option buying on AAPL today deep ITM leaps 32 mil a pop about 10 tranches of them 15 mins before close. Might be something to take note of for the next couple days. Dont know how often you take trades in mega caps. Peace :)
Glad you enjoy the content Art!
Thanks for the video and the free webinar last week
Happy to help C Little, glad you enjoyed!
Great educational videos, Ross. All of these must have come out of your years of trading experience and financial market expertise. Keep it up, brother.
I am so grateful I signed up for Warrior Pro. Thanks for being such a great teacher
It's my pleasure david! I hope you enjoy the course!
7:13 until the end of the video cracked me up... lol. youre a great teacher Ross. thanks for all of your videos
You are very welcome, thanks for watching!
Great video, I now have a better understanding of level 2 data, excited to apply this new knowledge to my future trading actions
Thanks john!
Thanks again Ross 👍
Great explanation, as always. I would just ask to make some comments on market makers, ecn, whosalers and the ax.
Anyway, GREAT material!
Thanks Marco!
Hey Ross. Gotta say, i really enjoy your videos and your momentum trading strategy. Definitely considering to take your course someday. I have only one questions about your screener (Trade Ideas). Im considering to subscribe to one but not sure if i should go for the basic package or the premium. Which subscription do you use and is there a really big different if you're only going to be going long with a momentum strategy. Is the premium really worth it (AI Holy)?
Im new to trading. studying the hustle. thanks for the video
Awesome! Happy to help!
Thank you so much 😃👍🏼
You're welcome!
Biggest fan of Rose. Love every video you upload. Your videos really helped me get out of my 80 hrs per week job.
I'm happy I could help you out! 80 hours a week isn't fun at all.
Warrior Trading no it’s not and I was only earning equivalent of $2960 USD after tax. With trading I make around $4000 USD after tax and I started with small amount of $1400 USD.
@@AusieGamer834 me too i will star with small capital 1.5k or 2k
@@AusieGamer834 thanks for sharing. really been thinking about doing this. Trying to watch as many vids on you tube as possible so I don't waste money/time by the time I actually get into it. I have worked in the cable industry over 20 years and and this body isn't getting any younger
thanks
Hello Ross thank you for this great video! Quick question, you mentioned Level 2 Data is subscription based, I was wondering how much does your platform charges for the subscription? Thank you
Hey Vision, for the data feeds I think it's around $30-40 dollars a month. You can find out more about the cost of day trading here: support.warriortrading.com/solution/articles/19000080962
Hi WT, I’m confused because I though stocks could only be on one exchange, but we can see buyers from many exchanges, why is that ?
Thank-you, that helped...
Glad to hear it!
Thanks
Hey Ross! Thanks for all you do for the Trading Community! Do you find Level 2 to be more "accurate" (less games, spoofing, rug pulling orders, etc.) In Mid and Large Cap stocks rather than Small and Micro Caps and/or same question in regards to Low vs High Floats? And does current volume being traded enter into the equation in the sense that less volume being traded would mean less monKey business, and higher volume more monkey business from HFTs and Algos? Do the HFTs and Algos go elsewhere seeking liquidity or do they also randomly initiate liquidity on low volume stocks to "get them moving"?
Thanks for watching! Ross does not trade mid/large cap stocks very frequently but finds level 2 is very effective for his small cap strategies. Ross does prefer higher volume because it finds it helps technical breakouts work better. 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 live 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/
@@DaytradeWarrior Thank you for your response.
Thank you so much 😘😘😘😘😘😘
You're welcome!
Hey Ross, quick question? when you have those 1min or 5min pull backs, do you watch the level at the same time on the support level ? and when is the "best safe entry" at 1min chart or 5min chart? Thanks Ross!
Hey Steve, I watch both the support and the breakout level on the level 2 when a stock is pulling back, on both the 1 minute and 5 minute charts. As for the best safe entry... for my strategy the entry is right as the next green candle breaks the high of the previous pullback candle.
Hi Ross, did you make a video about setting up Sterling for Level 2? I thought I remembered seeing it. Thanks! - Keith
Hey LoveSCs, you can find that video I did here: support.warriortrading.com/support/solutions/articles/19000095675-understanding-the-level-2-window
Thanks Ross! I thought I browsed through that one. Must've missed it. Wish me luck on the warrior simulator today! Good luck in your trades!
Thanks Ross!
You're welcome!
Ross, thanks. Could you please explain how you buy/ sell in level 2 so quickly. Please explain if you ever will have time. Thanks
hotkeys & automation
Hey Farrukh, I use hotkeys to buy and sell, as well has direct access routing. You can learn more about hotkeys here:
How to Use Hot Keys Video Blog: www.warriortrading.com/hot-key-video-lesson/
The Importance of Hot Keys Blog: www.warriortrading.com/importance-hot-keys-trading/
Here is the link where you can download our DAS hot key settings - www.warriortrading.com/how-to-day-trade/
The link is at the bottom of the page.
Here is the link where you can download our Lightspeed hot key settings - www.warriortrading.com/lightspeed-trading-group-rate/
The link is at the top of the page.
Warrior Trading Thank you so much , u r the best.
Does this type of data exist for the Crypto markets and if so, where would you suggest looking?
Lifetime fan. Thank you.
You're welcome Jeffrey!
Great video!! We also put out a video explaining Level 2 and Time & Sales!
Thanks a lot!
Ross may I ask you what market datas do you use right now ?
and also my other question is Do I need to subscribe to level 1 if I want also Level 2 or can I only subscribe to level 2 ?
You can learn more about which type's of market data we like to use for trading here: support.warriortrading.com/support/solutions/articles/19000110555-what-market-data-should-i-use-for-trading-
@@DaytradeWarrior thank you so much , have a nice vacation!!!
Ross- planning to open an account at LS. Can you suggest what to do for a data plan? They have a $60/mo plan that covers most of the main feeds. Or I can go "a la carte" and buy only specific ones. Suggestion?
When setting up my data subscriptions for Lightspeed, CMEG, Esignal or any other market data type, I use the following: NASDAQ Total View, AMEX, and NYSE ARCA book.
@@DaytradeWarrior Just the info I was looking for - Thanks Ross!
Could you explain how time and sales works?
Hey Terry, check out our blog on Time and Sales here - www.warriortrading.com/time-and-sales-definition-day-trading-terminology/
Is level 2 data good for a swing trader or is it only good for day trading?
Level 2 is best for day traders
I'm dying to get it but I'm in Paper Trading only and so I don't have the level 2 on my Platform. It sucks. I try to see if I can get it on the net but can't see so far.
Hey Marco, Check out Lightspeed: www.warriortrading.com/lightspeed-trading-review/
Do they go down to $0.000001
so basically if the bid is heavier than the ask the stock will go up....
Not necessarily Greg, that's why I use chart setups and certain criteria to increase the likely hood of the stock doing what I think it's going to do.
You're like the Bob Ross of stocks! XD
Thank you!!
No one is actually talking about gaining access to the data
Thanks for the comment!
Please make the intro music shorter.
And lower the volume