www.todaytrader.com.Live real time trading video from my screen. Learn from my winners and my losers with commentary. Direct access and Level 2 is better than using a broker I think. I use software filters and setups on the chart to determine what trades I enter. Use this video as a virtual coach for your day trading goals. It’s not easy, but this demo shows you that it can be done day after day for small consistent profits. No secrets, just years of wisdom to share with you all.
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I would call your broker and ask them. You might have some suppressed. We use a Direct Access platform. Watch the video on the top of the main page and you will see the difference if your not using direct access. I used to use stochastics but not quite comfortable with the Lightspeed charting at this point.
Sgomez,
Hi. Great effort on educating people interested in becoming day traders. I have swing traded part-time for years but now want to day trade for a living. I have a couple of questions:
– What is the purpose of level two?
– You mentioned an organization that could
provide discounts for commissions and
leverage?
I am currently using Ameritrade Izone for trading, ($5.00 trades) and a package called
Ablesys Trading system to help me time in and outs.
Thanks, Jack
I am new to trading. My level 2 doesn’t have the same MMID as your. Does it mean each broker ruote and show order from different level 2 pool? Will price be different because of it?
Do you use stochastic look Steve does?
Thanks
My sector watchlist pretty much remains the same.
I trade more relative strength and weakness using charts and volume indicators. I might use T&S and LII to peg my entry at times. I will not discount either of the two because I know some traders in China who kill it trading off nothing but LII.
Thx for showing your sector watchlist – does it change on a daily basis? If so on what basis do you change it? Also, some traders swear by the T&S and say LII isn’t necessary as it doesn’t show actual trades which are far more important, whaddya think?
great job