RE: RE: Just sold at 1.1371 Nov 2018 15:07
Woody
That is complete nonsense and you have it backwards.
L2 is only really useful on AIM and small cap stocks because it shows us what the market makers are doing, if they are buying or selling the stock, it aids you when you want to buy/sell as you are able to see if you can sell at a certain point in time or not. It also allows you some insight into background sentiment
If it’s 1-4 then you won’t get a quote to sell and you’ll probably have to do an ‘at best’ sell order to shift your stock, and thus it will be a cr*ap price vice versa if you want to buy. If it’s 1-4 and you’re buying then you’ll get a decent quote to buy
L2 is useless wherever market makers have no clout and that is pretty much everywhere else other than the illiquid AIM market