Level 2 - Tape Reading

Discussion in 'Trading' started by Vespasian, Oct 14, 2009.

  1. In the past I know that many traders where profitable just using Level 2 but recently I've heard that there are prop traders that still only use Level 2 reading as their primary trading tool.

    True or False and why.

  2. I work at a prop shop, i generally only look at the level 2 and time and sales to see what the stock is doing. But you can't even trust the level two with complete certainty, the time and sales is your only true indicator