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I too find that looking at the MM on level II is very useful. If you have
several stocks that you like to trade, it pays to pay attention to who is the
top MM in that stock. Usually couple MM stands out and it pays to follow their
lead. These MMs have many tricks they use to take profits from traders like
ourselves so beware. Sometimes they pretend to be a big seller when in truth,
they are keeping down the price so that they can buy at cheaper price.
And when you are first starting to use L2, there's a danger of watching it
too closely and watching every tick. Just follow your TA and don't let the MM
shake you out. I had to learn this the hard way.
Best of Luck,
Dev
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