Dennis Parmalee, aka EminiWizard, says an important concept to make day trading much easier is knowing what larger traders on a bigger time frame are doing. What does this mean? Larger banks, institutions, and hedge funds are too big to day trade, so their large trades are swing trades (a few days) and position trades (a few weeks, like active investing). It is much easier to trade in sync with the big money instead of fighting them or worse, unaware of what they are doing.
Interview with Dennis Parmalee, aka EminiWizard, by MarketHeist’s James Falvo.
Guest DENNIS PARMALEE (EminiWizard)
http://marketwizardz.com (Mention MARKETHEIST)
http://eminiwizard.com (Mention MARKETHEIST)
Twitter - http://twitter.com/eminiwizard