Level two We saw money gigsmas of you here. What continued the video guys? So in today's video I want to talk to you guys about level two data for trading So if you've been trading you probably hear about people talking about hey I want to see level two. I want to know what's happening in level two You're asking yourself what's the significant of level two So I want to take a look and explain why level two is important for you as a trader in today's video But before we get started guys if you're new to the channel We'll cover how to earn money how to save money how to invest and build wealth So if that's something that interests you go ahead and hit that subscribe But an any notification bell so you don't miss out on new content So when it comes to level two information on the we will apply from again That's the platform that I use for trading other platforms might have something else But level two data is pretty much level two data for any particular stack So basically you have people there are they have ask and you have bit So people that are bidding a people that want to buy so they look and say hey I want to buy this particular stock, but I'm only willing to pay X amount of dollars for for a share And then people that are have the ask they own this they own the stock and they're saying I want to sell it But I'm only willing to sell at a particular price So if you the pressure between the the as and the bit can determine which direction the price is going up So if the bit are so much lower and then the ask you can see the price of the stock was that probably start going down If the ask is way higher than the bit in terms of percentages You see the price of the stock was that going up So that is something that can actually inform you to decide when you want to get into a particular position Or you want to get out of a particular position because when you look at that data You can see what people are asking for and you can see what people are bidding or willing to pay for that particular stock before you can get out So it's very important for you to have an understanding of level two information before you put in a trade And also I look at it I mean I have it on my dashboard so each time I'm actually going to trade I'm actually looking at level two whether people bidding and whether people asking So I look at that information before I even put in my percentage rate Level two information is not free on many platforms on the global platform I think you have to have a subscription now they're giving out a free level two information to some people I don't know if you qualify. I don't know why the criteria are for for you to get free level two information But otherwise you'd have to subscribe to have level two information some people pay as much as a hundred dollars a month for level two information That's how important level two information is so I'm going to show you guys how to use that on on the Weibo platform So let's jump right in here on desktop and I'm going to show you again here guys Well, I'm I'm using the the Weibo platform and I'm using the web app in this particular situation Remember Weibo has three major platforms or areas where you can trade so they have the mobile app Which is a really good platform as well. They have the web app if you don't want to install anything on your computer And then they have a desktop app which you have to download and install on your computer So you can look at that. So right here if you see I'm moving it around This is the level two information that you can see how the ass and the bits are coming in So how do you get to this point again? If you want to create a dashboard you go under trade and then you go to new board and just click on that You'll create a new board and you can put the information that you want on that board So in this case I have this board And then if I go to under widget I go to stacks and this is where I can actually add The level two information here. I think the level two information here is active Active trade. So if you click an active trade and then now I will bring you to this window here where you can actually start looking at it So right now Let's just take a deeper look at the level two and so you can understand what's going on here So on the left side here We see this is the bit and on the right side. This is their Ask so bit is in green and the ass is in red. So As are people that are on the stocks and they're willing to sell at a particular price So again, it's like an auction you step in you own you have you have something and you're trying to sell it And people are bidding for that particular thing you have a set price in your head So most auction will be like hey starting Starting bid is $200 and then somebody on the bid sell would be like hey $201 and then you know if you like it you say no But if you see like it and then somebody will come and say nope $202 and the price just keeps going up or down from there so that is how this works So you come in here. So let's take for instance again, oh I'm looking at Tesla here Oh, we can pick it. I need a start too. So we can look at Neil right now if you see people are asking For right now is $49 and for the five cents somebody has two a thousand shares if he's it's moving so fast That you can't even keep track of but see what people are bidding and what people are asking So these will kind of guide you to kind of see where your entry point is so let's say on the on the bid side here Most people were bidding say 48 dollars for the eight dollars for the eight dollars And you're out here trying to sell at $49 and 45 cents You're probably not going to be able to sell that because nobody is going to buy it because all the bids that are coming in on this side are at 48 And if you're looking to get out of that position You have you don't have a choice but you try to lower that price to get out or if you feel comfortable holding it for the longer And then you can hold it but again if you're trading where you want to go in and out of a position Very very fast you have to be able to make that decision as quicker as possible And looking at level two will guide you to make that that decision again It'll help you know when to get in and will help you know exactly when to get out of a particular trade So that is the significance of level two information when it comes to trading again This is not free information if you go on major platforms for trading You have to subscribe or pay to get this information because again I don't know how they collected but I think it's something that is important They spend money to collect this information and if you think that it guides you to make a better decision to become a better trader Definitely something that you can consider subscribing to to it um I know some platforms will probably give you a free trial that you can test it and see And some people don't really care about level two as well They just go with their own instincts and look at the charts and that guide them to trade But most traders um level two information comes in handy Really does help you guide with what you're trading when to place your trade and when to get out of a trade So let me know in the comment section guys have you used level two information or do you Use level two information if not do you plan on using it if not what do you use to kind of guide you to go in and out of Trade again guys if you're new to the channel We took about how to earn money how to save money how to invest and build wealth So if that's something that interests you go ahead and hit that subscribe button any notification bell too Don't miss out on new content and also if you're looking to get started with investing guys again We boys doing a promotion where they're giving you four free stocks If you sign up and deposit a hundred dollars in your account for free stock I think the value somewhere between uh eight dollars and sixteen hundred dollars Uh per share that they give out so average that I've seen is about twelve dollars So definitely take advantage of these links in the description below when you sign up you get a free stock I get a free stock and that's what helps me continue to put content out like this from you guys And as always guys don't be a greedy savage and stay motivated