Lesson Six – Fine Tuning Your Entry
Most trading platforms show market depth 20 levels deep. It is only the first five levels on the buy side and the sell side that interest me. Looking at the picture below we can see that the top 5 levels on the buy side (left) show 160 buyers wanting 10,710,316 shares while on the sell side there are 79 sellers offering 5,178,139 shares. This is the perfect situation! Twice as many buyers as sellers, wanting twice as much stock as is being offered. It is time now to place your buy order tic above the breakout line.