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+--- Thread: Day Trading: Momentum, Level 2 and Reading the Tape (/Thread-Day-Trading-Momentum-Level-2-and-Reading-the-Tape)
Day Trading: Momentum, Level 2 and Reading the Tape - BaDshaH - 05-30-2024
![[Image: ed12ce66f6a72e33f4072b2b92d3b852.jpg]](https://i123.fastpic.org/big/2024/0530/52/ed12ce66f6a72e33f4072b2b92d3b852.jpg)
Day Trading: Momentum, Level 2 and Reading the Tape
English | October 27, 2023 | ISBN: N/A | ASIN: B0CM1KHR1L | PDF | 10 Mb
Level 2 is the most predominant source of information in day trading. Neither charts or any indicators can provide such valuable data as Level 2 does. When I started learning day trading, Level 2 was a mystery, a noise where numbers would make no sense and when I tried to learn more about it - there was no literature about it. It was really hard to write about it because Level 2 is in constant movement and displaying it on the paper took a lot of effort. You can have a perfect strategy, you can back test it, but it will never provide correct information just because it does not take Level 2 information into an account. That's why understanding how Level 2 is so important to trading.