I've been looking for a trading system which will show you the shares buying/selling from different investors in the market at the moment. I saw that one time in the show "Wall street Warriors" and I was wondering how those day traders can find out there is a let's say 15,000 shares buying of a stock at the moment. Am I missing something?
Thanks in advance for any help.
DO
dom993
Rep: 3,560
Posts: 310
Hi there,
Most direct-access platforms will show you all possible Level-2 details. That said, you won't be able to do anything useful with that information because it is available to a million other traders, too, and all too often the orders are fake, just bait to get people go in that direction then stop them.
Trading is very competitive ... I suspect it is the most difficult way of making a living - at least for most people. If you are just new to it, it might be good starting with reading a few (good) books ...
... start with Ken Fisher's "The Only Three Questions that Count" - it is more about investing than it is about trading, but those 3 questions should be eye openers anyway!
Happy Thanksgiving
Most direct-access platforms will show you all possible Level-2 details. That said, you won't be able to do anything useful with that information because it is available to a million other traders, too, and all too often the orders are fake, just bait to get people go in that direction then stop them.
Trading is very competitive ... I suspect it is the most difficult way of making a living - at least for most people. If you are just new to it, it might be good starting with reading a few (good) books ...
... start with Ken Fisher's "The Only Three Questions that Count" - it is more about investing than it is about trading, but those 3 questions should be eye openers anyway!
Happy Thanksgiving