My name is Tim Grittani (kroyrunner89), and I've been a full-time daytrader since the beginning of 2012. I've learned a lot along the way from my successes and failures and would like to pass along some of these lessons. This blog will hopefully save me time in answering the dozens of questions I get each week through Facebook and Twitter. If not, I guess I just created more work.
Hi Tim....wanted to ask regarding SureTrader....Im not much into OTCBB or Pink sheets and I just wanted to ask about STs executions on Nasdaqs. HOpe all is well.
Tim that was great. I'm so tired right now I didn't absorb it all but I'm going to watch it again in the morning. I see you use level 2 from ST and chart from TOS. That's what I'm currently doing mostly because I couldn't find as good level 2 in TOS. I assume it's not there if you can't find it either.
Joe I was meaning suretrader. As I understand it speedtrader is the american part of the same company so I imagine their software is almost if not exactly identical. I use suretrader to get around the PDT rule.
Wow this is tricky. It seemed apparent that momentum began to turn at .3415, but it turns out on the intraday that was a total false bottom and it ended up going to .30 before starting to really bounce. Looks like I gotta go look at the Level 2 DVD. Thanks a lot for sharing!
This is my biggest challenge, I have difficultyputting level-2 and sales tape together. As well as reading the charts to determine a plan for the following day. Anyone have any advice? Thank you.
Hey Tim. Do most pumps have a parabolic last days pumps that increase the share price like 100+% in a day or two? Should you a wait for a day or two were you get like 100% increase to decide that the dumping is near? I'm asking this since I bought into WPWR at .5633 and so far it has been increasing at a daily increment of 10-16% every day. I'm waiting for a day that it increases 50-100% or even 150%. When I see that it has increased by 50% in a day I would know that the dumping a block away so I would sell.
I wouldn't say WPWR has to have a huge 50-100% increase day before it's over, in fact that's very rare. I also wouldn't bind myself to rules like "first down day means the end". See how far that would have gotten you in NVLX...
Another awesome video. Hey man, if you ever run out of blog/video ideas, you should create a section of your blog called "Spot the Dip" where you record level 2 action like this to find the dip buy on a breakdown or something. Just watching a solid level 2 turnaround is beneficial! Happy Birthday man, live it up buddy!
(Time - Action) 21:21 - MM's on the BID starts soaking up size 21:27 - Flurry of green prints 21:43 - More MM's pile onto the BID 21:48 - ASK starts thinning out 21:54 - Prints above the best BID.......end of dip
I couldn't have done it without your video lessons Tim. I've learned more in a week than I've learned in the past 2 months! So a MASSIVE thanks!
I have a lot of trouble forecasting the next day, I write down what I think the stock is going to do the next day and watch to see, for example I was wrong about NVLX, When it declined early in the day I would have shorted it and did not expexct the spike back up. Can you offer any advice on how to i educate myself on forecasting. Thanks, I appreciate it.
You wouldn't have been wrong to short the weak NVLX open though, it dropped down to $.43 which was about 20% below the opening price. That's a great gain, all you have to do is cover the short! The bounce all the way back and then to new highs is a pretty rare move to see in OTC stocks, so don't get too down on yourself for not being able to call that. It surprised me too.
Tim. One question please. The Time/Sale prints. Some Red. some Green. Usually Red print is a sell and Green is a buy. Why on your Montage Window is the other way around? Just to make sure I understood correctly. I have SureTrader and has similar display as SpeedTrader, which I presume you use.
Pink print = print below best bid Red print = print at bid White print = print between bid and ask Green print = print at ask Bright Green = print above best ask
No matter where the print, in order for it to be a trade there is always a buyer and always a seller. Hope this helps!
This video helped me understand Level II so much, thanks man! I identified the bottom and was actually surprised I found out I was right. Please keep making these level two videos.
Tim, first how do you get your TOS chart to show price in the thousandths? I can't get that in mine, it always has a digit in front of the decimal. Even when I go to settings and type .001
Second I have trouble understanding how you sell on the ASK. I do understand placing an order above or below market and waiting for price to come to you. Is this whats' happening? Or is it when you route through NITE in this example is that MM just taking the order on your behalf, thus you selling on the ASK, sort of like you're acting as the MM NITE? That's all I can think of, not sure if that is it though.
Finally just had my Level 2 AHA! moment!! I can't believe I ever even considered trading before being able to read L2 properly. My eyes have been opened. Thank you so much Tim!
"Second I have trouble understanding how you sell on the ASK. I do understand placing an order above or below market and waiting for price to come to you. Is this whats' happening? Or is it when you route through NITE in this example is that MM just taking the order on your behalf, thus you selling on the ASK, sort of like you're acting as the MM NITE? That's all I can think of, not sure if that is it though."
Thank you so much for your LVL2 videos, you've got the best teachings for that subject. Seeing momentum swings like that is very important and thank you for explaining your knowledge
The video's on these level 2 videos are really poor. You need to post a new one. I want to learn to read the level 2 charts because the chart pattern and the level 2 make it much easier to see the volatility of the stock. Thank You,Roberto Baca.
The simple truth about binary options which many of us do not know is the fact that it is mainly based on predictions. Without proper knowledge of what next can happen to the stock market, you are sure to lose your funds. That is why it is important to be tutored or mentored by a professional trader in binary options. During few days of being mentored by Sir Robert I've learnt much and also succeeding in trades and has been doing successful withdrawals and was able to recover all my lost funds. Feel free to contact him on: Robertseaman939@gmail.com
This was an awesome video time. It really helped bring an edge when studying level 2. Previously I looked for bigger size and while that helps to have big size on your side, your video helped me see that VISIBLE size isn't everything. Seeing the way the bid starts to soak here even though it didn't have massive size at first really helped iron out what to look for when checking for a turn. When the bid started to soak up size it then started to firm up with more bidders and then the ask thinned out and the price started pushing back up. Awesome content!
Investing online has been a main source of income,that's why knowledge plays a very important role in humanity,you don't need to over work yourself for money.All you need is the right information,and you could build your own wealth from the comfort of your home!Binary trading is dependent on timely signals,assets or controlled strategies which when mastered increases chance of winning up to 90%-100% with trading. It’s possible to earn $10,000 to $20,000 trading weekly-monthly,just file a complaint with Robert,I had almost given up on everything about binary trading and ever getting my lost funds back,till i met with him,with his help now i have my lost funds back to my bank account and I can now trade successfully with his profitable strategies and software!! Email: Robertseaman939@gmail.com or whatsApp: +44 7466 770724
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Thank you.
ReplyDeleteThanks for posting this. Did you cover your short around the first green candle (~0.345) or did you hold through that and cover lower down?
ReplyDeleteI covered at .34ish fake bottom and failed to reshort when the bounce failed
DeleteHi Tim....wanted to ask regarding SureTrader....Im not much into OTCBB or Pink sheets and I just wanted to ask about STs executions on Nasdaqs. HOpe all is well.
DeleteNick
Tim that was great. I'm so tired right now I didn't absorb it all but I'm going to watch it again in the morning. I see you use level 2 from ST and chart from TOS. That's what I'm currently doing mostly because I couldn't find as good level 2 in TOS. I assume it's not there if you can't find it either.
ReplyDeleteMalcolm - did u mean suretrader or speedtrader?
DeleteJoe I was meaning suretrader. As I understand it speedtrader is the american part of the same company so I imagine their software is almost if not exactly identical. I use suretrader to get around the PDT rule.
DeleteThis is the missing link for me. Can't wrap my mind around it right now will watch it over and over again until in get it. Thank you so so much
ReplyDeleteNailed the bottom. Great vid Tim, thanks a lot man! Very informative
ReplyDeleteWow this is tricky. It seemed apparent that momentum began to turn at .3415, but it turns out on the intraday that was a total false bottom and it ended up going to .30 before starting to really bounce. Looks like I gotta go look at the Level 2 DVD. Thanks a lot for sharing!
ReplyDeleteThis is my biggest challenge, I have difficultyputting level-2 and sales tape together. As well as reading the charts to determine a plan for the following day. Anyone have any advice? Thank you.
ReplyDeleteHey Tim. Do most pumps have a parabolic last days pumps that increase the share
ReplyDeleteprice like 100+% in a day or two? Should you a wait for a day or two were you get like 100% increase to decide that the dumping is near? I'm asking this since I bought into WPWR at .5633 and so far it has been increasing at a daily increment of 10-16% every day. I'm waiting for a day that it increases 50-100% or even 150%.
When I see that it has increased by 50% in a day I would know that the dumping a block away so I would sell.
What do you Think?
first down day is today. So it's the beginning of the end from now on.
DeleteI wouldn't say WPWR has to have a huge 50-100% increase day before it's over, in fact that's very rare. I also wouldn't bind myself to rules like "first down day means the end". See how far that would have gotten you in NVLX...
DeleteHey Tim! Happy B-day man. Make sure you get extra cheese on that pizza bro. You deserve to splurge a little. :P
ReplyDeleteHaha thanks Cody!
DeleteAnother awesome video. Hey man, if you ever run out of blog/video ideas, you should create a section of your blog called "Spot the Dip" where you record level 2 action like this to find the dip buy on a breakdown or something. Just watching a solid level 2 turnaround is beneficial! Happy Birthday man, live it up buddy!
ReplyDeleteHere's my breakdown of the video.
ReplyDelete(Time - Action)
21:21 - MM's on the BID starts soaking up size
21:27 - Flurry of green prints
21:43 - More MM's pile onto the BID
21:48 - ASK starts thinning out
21:54 - Prints above the best BID.......end of dip
I couldn't have done it without your video lessons Tim. I've learned more in a week than I've learned in the past 2 months! So a MASSIVE thanks!
Exactly what i was looking for - thank you so much for taking the time to do this.
ReplyDeleteHey Tim,
ReplyDeleteI have a lot of trouble forecasting the next day, I write down what I think the stock is going to do the next day and watch to see, for example I was wrong about NVLX, When it declined early in the day I would have shorted it and did not expexct the spike back up. Can you offer any advice on how to i educate myself on forecasting. Thanks, I appreciate it.
You wouldn't have been wrong to short the weak NVLX open though, it dropped down to $.43 which was about 20% below the opening price. That's a great gain, all you have to do is cover the short! The bounce all the way back and then to new highs is a pretty rare move to see in OTC stocks, so don't get too down on yourself for not being able to call that. It surprised me too.
DeleteTim. One question please.
ReplyDeleteThe Time/Sale prints. Some Red. some Green. Usually Red print is a sell and Green is a buy. Why on your Montage Window is the other way around? Just to make sure I understood correctly. I have SureTrader and has similar display as SpeedTrader, which I presume you use.
Thanks
Pink print = print below best bid
DeleteRed print = print at bid
White print = print between bid and ask
Green print = print at ask
Bright Green = print above best ask
No matter where the print, in order for it to be a trade there is always a buyer and always a seller. Hope this helps!
This video helped me understand Level II so much, thanks man! I identified the bottom and was actually surprised I found out I was right. Please keep making these level two videos.
ReplyDeleteTim, first how do you get your TOS chart to show price in the thousandths? I can't get that in mine, it always has a digit in front of the decimal. Even when I go to settings and type .001
ReplyDeleteSecond I have trouble understanding how you sell on the ASK. I do understand placing an order above or below market and waiting for price to come to you. Is this whats' happening? Or is it when you route through NITE in this example is that MM just taking the order on your behalf, thus you selling on the ASK, sort of like you're acting as the MM NITE? That's all I can think of, not sure if that is it though.
Hey Tim, how do you place bids on the ask vs the Bid like you said you did?
ReplyDeleteNice video
ReplyDeleteFinally just had my Level 2 AHA! moment!! I can't believe I ever even considered trading before being able to read L2 properly. My eyes have been opened. Thank you so much Tim!
ReplyDeleteSame question as Adam:
ReplyDelete"Second I have trouble understanding how you sell on the ASK. I do understand placing an order above or below market and waiting for price to come to you. Is this whats' happening? Or is it when you route through NITE in this example is that MM just taking the order on your behalf, thus you selling on the ASK, sort of like you're acting as the MM NITE? That's all I can think of, not sure if that is it though."
Thanks for the video and the help!
Thank you so much for your LVL2 videos, you've got the best teachings for that subject. Seeing momentum swings like that is very important and thank you for explaining your knowledge
ReplyDeleteThe video's on these level 2 videos are really poor. You need to post a new one. I want to learn to read the level 2 charts because the chart pattern and the level 2 make it much easier to see the volatility of the stock. Thank You,Roberto Baca.
ReplyDeleteThis comment has been removed by a blog administrator.
ReplyDeleteBrilliant, finally learnt how the bid/ask works from a volume perspective .. so grateful for the commentary and for the record ... nailed the turn :)
ReplyDeleteAnother Great Video, I was able to identify it when it started turning. This is such great help, greatly appreciated!
ReplyDeleteGreenking49-Challenge Student!
The simple truth about binary options which many of us do not know is the fact that it is mainly based on predictions. Without proper knowledge of what next can happen to the stock market, you are sure to lose your funds. That is why it is important to be tutored or mentored by a professional trader in binary options. During few days of being mentored by Sir Robert I've learnt much and also succeeding in trades and has been doing successful withdrawals and was able to recover all my lost funds. Feel free to contact him on: Robertseaman939@gmail.com
ReplyDeleteThis was an awesome video time. It really helped bring an edge when studying level 2. Previously I looked for bigger size and while that helps to have big size on your side, your video helped me see that VISIBLE size isn't everything. Seeing the way the bid starts to soak here even though it didn't have massive size at first really helped iron out what to look for when checking for a turn. When the bid started to soak up size it then started to firm up with more bidders and then the ask thinned out and the price started pushing back up. Awesome content!
ReplyDeleteInvesting online has been a main source of income,that's why knowledge plays a very important role in humanity,you don't need to over work yourself for money.All you need is the right information,and you could build your own wealth from the comfort of your home!Binary trading is dependent on timely signals,assets or controlled strategies which when mastered increases chance of winning up to 90%-100% with trading. It’s possible to earn $10,000 to $20,000 trading weekly-monthly,just file a complaint with Robert,I had almost given up on everything about binary trading and ever getting my lost funds back,till i met with him,with his help now i have my lost funds back to my bank account and I can now trade successfully with his profitable strategies and software!! Email: Robertseaman939@gmail.com or whatsApp: +44 7466 770724
ReplyDeleteHe is a professional hacker, he is absolutely reliable and I strongly recommend him for any types of hacking jobs you require. why i said this is because I have engaged him severally in various hacking jobs and he has never disappointed me nor any of my friends who have hired him also, He has really proven himself to be a professional and a reliable hacker, He can help you out with any hacking jobs including this:
ReplyDelete-Cell Phones hacking (remotely)
-Credit Repair
-Bitcoin Recovery (Any type of Cryptocurrencies)
-Make money from Home (Any Countries)
-Social media Hacking
-Website Hacking
-Erasing of criminal Records (Any Countries)
-Grade Change
Email him via: hackingsetting50@gmail.com
.3415 was tne bounce when bidders started to support the bid and asks thinned out. More green prints came in and pushed upwards.
ReplyDeleteThank you Tim
My name is Castro, an expatriate living in Maryland, USA. Am so overwhelmed with gratitude to let the world know how CYBER GENIE. A great cryptocurrency recovery expert who changed my life for good. It all started when I lost my job and I was down financially. Investing in cryptocurrencies is a good idea, but when I first started, I made a mistake and invested in the wrong company, which took over $179,000 from me. It was a terrible time, and I was in need of help recovering my crypto funds as I wasn't even able to provide for my two kids because I had invested wrongfully and had no job or any more savings. I saw a series of testimonies by people on how they were assisted by Cyber Genie. I honestly didn’t believe it, but after noticing that these testimonials are from different parts of the world, and being poor with lots of debts and a family to care for, I had no choice but to give them a shot. I consulted them for assistance, they ruled out their working terms, and we agreed and they commenced working. Please get in touch with this crypto recovery expert if you had invested wrongfully with a fake crypto broker or investment website. I am writing this testimony to express my utmost gratitude and satisfaction with the exceptional services provided by Cyber Genie Recovery Expert. Their expertise and dedication resulted in me recovering my investment and profits at the same time after months of pleading with the cocky broker to let me have access to all I had sent. Their info are: [ CyberGenie(@)CyberServices.C OM ][ Whatsapp, + -1 -2-5'2'5-1-2-0'3-9'1 ]
ReplyDelete
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A phishing scam was used by an imposter pretending to be a celebrity artist to steal $204,700 worth of cryptocurrency from my Trust wallet. I was helpless, depressed, and ready to do anything to get my money back. I used all essential methods, but to no avail. I came across numerous glowing testimonials for Captain WebGenesis, a company that helps most victims of financial fraud recover their money. I took action and made contact with the professional. Fortunately, all of my misplaced money was found and returned to my wallet. I wholeheartedly recommend Captain WebGenesis to all victims of scam who want their money returned.
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