Fannie Mae-No Politics (FNMA)

[Sogo]

How about we share some of our Tips for using L2 with each other? It would help kill some time before the Aug earnings and help some people learn to be better traders. I'm no expert, but I've found myself mostly using L2 in a basic way, simply gauging the depth of buyers and sellers, and to get a small idea of how far and which way the pps might move in the very near future. Seeing that has prevented me from entering some positions when otherwise I thought I should. I know I'm only scratching the surface of how to use L2 though.

I understand some of the MM games that are played on L2 and can sometimes notice them as they happen. I see them flashing fake orders, etc. But There's a lot I need to learn about how to more effectively use L2! Perhaps some of the more experienced traders can share one or two examples of how they use L2?