ThinkorSwim - A Quick Lesson in Level 2

ThinkorSwim Level 2 refers to a type of market data display used in stock trading that provides detailed information about bid and ask prices, market depth, and liquidity for a particular security. Traders can analyze this information to understand supply and demand dynamics and make informed trading decisions. Level 2 data offers a deeper view of the order book beyond basic stock ticker information. It is important to use Level 2 data in conjunction with other analysis and consider overall market conditions.

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[mynameisnotimportant]

This video was extremely helpful. Thanks and I’m now subscribed

[jaysant]

Does the app version not include the tape on their level 2s?

[swaziithegreat]

I second everyone saying this is a great video, very well explained. I feel like I got it already but I don’t use only one source.

[THEROCKHISTORIAN]

thanks man. very helpful. although I'm still a little confused. I thin k I'm confused on how the actual market works overall. I thought you just buy a stock when you like the price it's at and then sell it when its at the price you like. could you make a video explaining how the market works with buying and selling?

[patsyvictoriousdelvecchioIII]

how did you manage to create its own level 2 window? can you do that for time and sales?