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Tape Reading 101 || Level 2 and Time u0026 Sales

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Carmine Rosato

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This video I talk about how to read the tape, tape reading 101.
Reading the tape can consist of many different things, but the two main components are the level 2 & time and sales.

Level 2 shows the order book or the liquidity of bids (buyers) or ask (sellers)
Level 2 shows all the passive limit orders on the market
Time and Sales shows completed transactions. On ThinkorSwim red on the time and sales does not mean a sell order and green does not mean a buy order.

Reading the tape is VERY important to gauge volume/buyers seller interest at an important reference area on a chart.

Hope you all enjoy ! :)

If you have any suggestions for future videos such as Day Trading, Investing, Stock Market, Option Trading, Real Estate, Robinhood, TD Ameritrade, ThinkorSwim, Crypto & bitcoin, Entrepreneurship, Forex, or fun daily vlogs. Please let me know.

Keywords: thinkorswim, options, options trading, td amertitrade, trading, carmine rosato, stock trading, options, supply and demand, live trading, trade recap
#tradingpsychology #daytrading #tradingprofits

posted by poporalth