Level II Trading Warfare: The Undergroundtrader's Powerful Weapons for Winning

Ok

Not great in the presentation/clarity.... but there is a lot of meat to the content. Sometimes it's not so easy to grasp. This is definitely not for beginners.

Trust Score

5.0

User’s Review Ratings

Overall

No Level II screen shots

If you are looking for a video that shows Level II screen shots and how to read them, you won't find it here. I'm a beginner in trading mist was above my head. I wad looking for something to show me how to understand Level II and how to tell what stock is going to do. I wasn't to happy with this one.

Trust Score

1.0

User’s Review Ratings

Overall

Not for a beginner

This gives you great detailed advice on Level 2 trading but I think is really for more experienced traders. It's not the clearest presentation in the world buty Jea Yu is obviously very bright and has lots to offer if you can struggle through the content.

Trust Score

5.0

User’s Review Ratings

Overall

expensive, but very high quality

I was a member of undergroundtrader.com for over a year. Jea has wrote three, main books: The Undergroundtrader Guide to Electronic Trading, Secrets of the Undergroundtrader, and the 2010 release Undergroundtrader: Full Circle. I've read the first two books, and from the chartroom membership, I understand the last book. Jea's style is completely technical analysis. He is very good. He does not trade all of his own calls. If you learn his methods fully, you will probably make money and be able to trade for a living. However, learning his methods is extremely difficult, the learning curve is steep, and I don't know of anyone from the chartroom that is actually trading for a living using only Jea's methods. All the professional, full-time, make-money-from-trading-only chartroom members have incorporated Jea's style into their own style and found something that suited them. I highly recommend the room. Jea is extremely wise and caring. He is also extremely fast and won't hesitate to yell at you if you don't know the methods! It's a serious chartroom for serious traders. Don't expect to be able to piggyback on Jea's trading calls and make money. You might for a few days, but you will lose it all and more if you don't understand what he's doing over the long haul.

If (and only if) you've been in the chartroom for a few months and decide that you really like his style, Jea offers a 5-day mentorship for $5k. Very expensive. But if you wanted to really dedicate yourself to one method and only one method, that might be a nice option for you. I would never dedicate that much money to a single education program, but it might be for someone else.

Trust Score

10

User’s Review Ratings

Overall

Full of information

First of all, this video is pre-decimalization. Some of the things he talks about no longer apply. He was talking about 2.5 point resistance levels and stuff, but that has nothing to do with trading today.

Now, he mentions different types of tricks that market makers use (which is the number one thing I wanted to learn) in the beginning of the video. But there are no examples of it shown on level 2 screens, it's just spoken dialogue.

Then he talks about different strategies of scalping with one minute charts or swing trading with three minute charts, and using the stochastics as an indicator along with the futures charts. If you don't have any interest in trading off one or three minute charts because you don't want to scalp, then this video is not for you. I was ok with hearing about it because I might be able to use it for better entries and exits.

And Jea seems extremely knowledgeable on trading, it seems like every sentence is deliberate and you learn something every minute. I definitely don't think that I will make his extremely short term strategy my bread and butter, but this is definitely the best video of the batch I've ordered recently so far. Most are fluff, and man, this is 100% fluff free.

That being said, he mentions that if you trade long-term enough where you use 5 minute charts, you shouldn't be staring at the L2 screen, you should pay attention to the charts, so the fact that he didn't show real-time level two screens for examples might be ok for me since I wouldn't be staring at them either.

He also talks about trade management, which is helpful advice if you're trying to avoid losing money.

Basically, this is the most high-energy, full-of-information speaker I have seen in a video yet. I'm glad for that since most of the ones I just bought are the exact opposite.

Trust Score

10

User’s Review Ratings

Overall