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shotsky

08/05/21 7:26 PM

#165030 RE: Tigerman70 #165018

L2 proves nothing. You can't see whole orders unless they are small. If I was selling 1M shares, it would be at a limit, it would be good for 60 days. It could take days to fill...but L2 shows every partial (tranche). If you try to understand L2 without knowing the sizes of the orders, you will be wrong. Every time.
You CAN'T know what is going on by looking at that. Which is why I quit looking at it a long time ago. You can even see your exact orders going through, bit by bit. Just look at your alerts, the time and size of that tranche, and look on L2 to see them. L2 shows every single partial. If you look long enough, you'll see a buy/sell for 1 share on a penny stock. Proof enough.

stevensander

08/05/21 9:35 PM

#165054 RE: Tigerman70 #165018

Well if you dumb 4 Mio shares as a market order, level 2 will look like it was.