How to Use Level II Stock Quotes for Day Trading

Video Transcript

"Hi everyone, this is Chris Markowski, president of Markowski Investments and host of The Watchdog on Wall Street radio show, here to tell you how to use level 2 quotron, that's right, a level 2 quotron to buy, or to actually figure out how to buy and what to sell. You know this is- I kind of laugh at this, because it brings back- it harkens back memories back to when I first started in the business, and the level 2 quotron was like the holy grail, and if I only had a level 2 quotron, well then I'd make all the money in the entire world. Guys, you're going to get a level 2 quotron, a lot of these on-line places are going to maybe offer you what's going on, on the level 2 screen, which is basically the brokerage firms and institutions and where their positions are, and what they have to sell or offer. But the reality is, they've got the same screen in front of them, and they've got more money to deal with than you do, so they can crush you like a bug at anytime. Yeah, it may work sometimes, it may not, kind of like some of those blackjack books that you read, yeah, it may work sometimes, maybe it won't. The best bet is, if you're listening to this right now, and you need to learn about using a level 2 quotron, you shouldn't be using one in the first place. This is Chris Markowski, your watchdog on Wall Street."