Trading Blog

Tape reading remains one of the most overlooked skills in trading. This guide breaks down how to read Time & Sales, Level 2, hidden orders, liquidity pressure, and how advanced traders use tape shifts to predict breakouts before charts show them.

Level 2 (Level II) data shows you the real-time order book behind a stock’s price — who’s bidding, who’s selling, and where the big orders sit. In this guide, we break down how beginners and advanced traders can use Level 2 to time entries, avoid traps, and spot potential breakouts the way our Prodigy Trading Team analysts do every day.