Replies to post #52403 on MATRIX Penny Stocks

[capgain]

I think it's useful somewhat but, not all that reliable LOL if that makes any sense. I don't use it when i'm day/swingtrading otc stocks, I just watch a live 4 min chart with time and sales(i use Medved Quotetracker it's free) so i can see the buys and sells. What i do is pretty simple, when a otc stock jumps way outside the upper bb on the daily. and everybody starts selling I sell and take my profit. Hopefully. It doesn't matter how great the news or mo mo or whatever. When a stock price jumps way outside the upper bb on the daily chart. it ALWAYS comes back inside the bbs.

cap.

[DCschmoeka]

And yes, L2 is useful for an average trader as well as pro´s.

Just use it in connection with charts and scans and board sentiment and news etc etc

Be aware that MMs know they are being watched, and they play with it on the OTC since they can do whatever they want.

Level 2 does give indications of resistance levels and if you get into this, you will find out about the ECNs TRAC DATA GNET and other stuff that is always good to consider.

[Sportsjunkie]

abso freaking lutely.
level 2 is what i call another useful tool to make
money..the market is very diverse and changes all the time
and having different tools to use makes it easier to make money many different ways...
not one system is going to make you money all the time,
and you must adjust and make additions to the way you trade ...

chart buster -USGA

ask bill this stock went from 3.00 to .65 cents and destroyed every possible turning point along the way,but as per my level 2 postings about certain mm's,when BAMM showed up on the bid on the turn at .69 sea was smooth sailing ahead and easy money was made by level 2 traders...

the more TOOLS you develop to make money,the easier it becomes..