I'm curious how Level 2 data can be useful at all in day trading considering orders can be hidden/iceberg, and can be pulled instantly as well. I've seen large size resting at a level and in instances where the size is fully absorbed I've seen support or resistance established at that level (rarely), and I've seen the level fail to hold resulting in a significant breakout of the level. More often than not the level fails to hold when the significant size is absorbed. That ("more often than not") in and of itself is an edge.
Poor racoon RIP Could be legit. Why not? Doubt though one would make enough for that superyacht at the end of the vid with that attitude. BTW Palmer Johnson yacht builders (USA) went bankrupt a few months back.
Look at that ES liquidity that day... Crazy....20s and 30s.... Looks like gc or CL. Is it real? Anyone that knows anything about the dom already knows the answer. He reversed a 300 position order using the ninja "rev" butten. That basically throws a 600 lot market order in the direction of very low bids/offers but very little slippage. The real question is live sim or replay. Personally I could care less... His videos are entertaining and interesting to watch for comedic and cool dubstep qualities.
Over the years, i've seen lakai's videos once in a while and always have wondered. One thing going for him in my view is that his size has incrementally increased over the years on his vids so if he was fake why wouldn't he just start out with 500 lots like a poser? The animations, video games ect. make me think he is some wannabe but I still am up in the air. He does talk shop as if he is a real trader and knows his stuff, but whether he is a 5 lot trader or a 500 lot trader remains a question to me. Why would one go for years pretending. If he's a fake that's pretty damn sad, if real deal, awesome and an inspiration. The majority of the time it seems he does actually use limits so this vid where he's throwing market orders everywhere may just be because he had to that day.
He throws mkt orders because he knows that he cannot game the demo while recording. The guy posts stock images of Ferraris or peasant-model MBs where he's in the passenger seat. One of the YT he took-down showed him at a dealership walking around a Ferrari and a salesman can be heard, "please don't take a recording of the car as the plates are on it!" The tradeit guy stated it was "his new car" in the comments.
Starting to sound like he's just an odd-ball! Just someone desperately trying to convince strangers online that he's a rich trader. Dissapointing that any time it looks like someone actually can make lots of money trading, it always turns out to be a hoax. Is it actually bloody well impossible?!!! lol
Am I missing something, @nodjoi, or did you not just provide yourself with one example where you yourself could, if you wanted to incorporate it into your trading plan, find level 2 information useful? I find it useful. Friday, for example, 6E traded down to 1.1031 in the AM of the American session, and I was able to see, based on the level 2 info on repeated tests of that level that it was quite likely that that level would hold for at least a test up to where I had gotten short. That was all it took for me to exit my short at 1.1032. Now, here's the thing: I really don't know how to tell you or explain what exactly it is that I was looking at that "told" me that that was likely the best move for me at that moment, unlike your example, which is very specific, and, in my experience, a common day to day, week to week occurrence in the markets I trade.
Alright I'm correcting my earlier statement that he has sized up over the years, I must have been mistaken from looking at his instagram account in thinking that because I went and watched the very first youtube video from 2010 and he was swinging 400 ES lots in that video. Supposedly started trading in 08 with $13,000 dollars. Smells of bullshit. and btw, that was a quick "retirement" ...
Yes, I did, and I use it often. (I'm not supposed to be watching the DOM, though, that's not part of my plan!)
Whad'ya know! As predicted, The twitter profile has now been deleted He's found enough people to pay him £500 each for his DVD course, made his 50K or so in a few weeks, and now to make a new twitter handle with new 'material' to do it all over again. If I didn't have a conscience, I'd join him!