Unit of order size in Time & Sale

[kabakhu 2]

Hi BBT family, I noticed that the size of orders in Time& Sale is often in hundreds, but in Level 2 it is usually in single digit. I know that Level 2 unit is lot, and should be multiplied by 100. Is the unit in Time & Sale also lot or actual number of shares? Some Youtube videos indicate the size in Time & Sale should also be multiplied by 100, like in Level 2., but if that is the case, Time & Sale and Level 2 will have huge discrepancy in the size of orders, like the big numbers in Time & Sale never seem to appear in Level 2. It doesn't make sense that market orders tend to be larger in orders of magnitude than limit orders. Could anyone please help me get this straight? I'm new to day trading and DAS Trader pro, so forgive me if my question sounds naive. Thank you very much!

[Bailey Nevener 83]

Hi kabakhu,

 

In DAS Trader Pro the default setting is for the Time & Sales window to display the actual share amount and for the Level 2 panel in the Montage window to show shares in lots (multiples of 100 shares).

 

[kabakhu 2]

7 hours ago, Bailey Nevener said:

Hi kabakhu,

 

In DAS Trader Pro the default setting is for the Time & Sales window to display the actual share amount and for the Level 2 panel in the Montage window to show shares in lots (multiples of 100 shares).

 

Ah, that explains it! Thank you, Bailey!