Belmont Resources Inc V.BEA

Using Levell ll

[mrsgoldminer]

How helpful is having levell ll?
Is it worth the money! $100 per month and insider trading.As a serious investor,I have been using for a few years now.,and it's worth it to me.
So nice as I have a alarm on each stock I am interested in,so I do not have to sit at the computer all day.

Way back when we did not have it ,we would have to call the broker to see if they could get the buy and sell orders and volume as it was not ready available.
The norm would be to buy into weakness or when it was under attrition and sell into heavy volume
When  the new computer age came along and so did the day traders and the fancy software
Having used Stockwatch  stockstream it was fun to see the trades and especially when a stock took off into good news
Would this will help me to be a winner as I could see behind me and in front what was going on.No
I forgot not only I could  see it but everybody else that had it could see it too mainly brokers.
I thought I could move a stock up by taking out the small volumes and increase the price
Wrong as soon as I move it up another order was played right away into the sell side
In other words  who placed the order so fast as these guys or gals don't have time to sit at that one stock and watch it all day
Well I guess it's all preprogrammed by computer https://en.wikipedia.org/wiki/Algorithmic_trading
Brokers pay very little commission so they can go in and out at very little expense as way back in the 80's  commission was $40 in and more on the way out.
Are we really seeing the true picture,as I think not
Takes time to know how to read  level  II
Points
Were is a good entree point and can I get out with out too much of a  loss,check 10 year chart for average on pass performance.
How many shares on the ask,,light,heavy and were can I get in at the lowest point and out.
Is there blockers in place to drive the price down? Resistance.
I always look for sudden changes in bids and asks.Big volume on the bid side getting ready to move up,or same on  the ask side-maybe time to get out due to very heavy sells.
It's not a complete science ,but it's helped me many times on my buying and selling decisions
Sometimes they will make small run to get traders out,and then after run it again.
The old way still works good,as in buy weakness and sell into heavy volume.

Professional's and traders do not show their hand all the time.It's like poker,,would you show what cards you had.
Why would you show your hand,as it might prevent the ones involved from running it,if they knew what  big resistance lied  ahead so not always accurate.
What I am saying it's a tool if you know how to use it..as the figures could change in seconds,plus it's all computer driven.
https://en.wikipedia.org/wiki/Algorithmic_trading

Use it as a tool but don't let it be your only guide