Thanks for the info, but what does it mean hit the ask and hit the bid mean? and what does stacking mean? is it when for an example if there is a lot of byers on the bid, the bid stacks up (the green color wich shows the highest price gets bigger) or do you see "stacking effect" on the time & sales section?
"Hitting" is simply where the order is placed. If you want to buy right now and not try to do so on the bid, you "hit" the ask buy paying the price on the ask. If you want to sell right now and not wait for a buyer to "hit" the ask, you sell at the price on the bid, "hitting" it. "Stacking" is when the shares are piling up at a given price on either side. It's usually indicative of which side is stronger at the moment but can change VERY rapidly with just one or a few sales and the tide turns.
Also, here are Tim Grittani's videos on lvl2: http://tradetheticker.blogspot.com/p/level-2-videos.html
Thanks for the support i realy appreciate it
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A lot of Silver video lessons on the topic as well. Just Watching a pump crash or a successfull dip buy with level 2 action is awesome. It's like a serious tug of war between buyers and sellers and new people are joining the tug of war all the time and BIG buyers and sellers are like bodybuilders joining the tug of war
so when you see Big ol Arnold Schwarsawhatever join the other side you get scared. I better stop there but you'll get it in Time.
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Many, many others will have gone down the same route learning similar amounts. GOOD LUCK in 2017 glad you're on the right track.
Thank you for your transparency. Also, I appreciate the details you log in your trades. Good stuff. Best of luck to you!
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@MetalHat No restrictions on INNL at suretrader currently 6 :1 Goodluck
I can picture "Johnny 5" from the movie "Short Circuit" reading books at 100mph!
That's a solid idea!
Great idea!
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Best thing I learned was to sell half my position when it has claimed an equal amount to what my risk was. Then I set my stop to the buy price so at worst I have made $ on the first half and broken even on the second. Then, with no way to LOSE money anymore, I let the chart guide me and only get out when it tells me. Took all the nasty emotional/nervously trading away for me. It has been the #1 reason I've been green the past few days, albeit small gains.
So, for example, if I am in at 2.02 and my risk was 1.92, when it (hopefuly) hits 2.12, I sell half and set my stop to 2.02. Then I can't lose and feel relaxed to let the chart speak to me on the second half of the position.
No, it's on my list when I have more money.
I have it, looking for a way to switch with someone who have HTMM
Oh, well my HTMM is streaming not a disk so no way I can help. Honestly though, HTMM is WELL worth the $$ if you can. It's very good.
OK, tnx, no problem !
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