Many traders who are feeling overwhelmed by the abundance of information out there will benefit from Steven’s emphasis on cutting out the excess noise and focusing on executing a simple but effective strategy.
Chicago, IL (PRWEB) April 28, 2013
Pursuant to its mission of helping traders learn, InformedTrades.com conducted an exclusive interview last week with renowned day trader and forex educator Steven Primo of Specialist Trading. In the nearly 30 minute interview, Mr. Primo and InformedTrades founder Simit Patel discussed many key topics related to what has enabled Primo to achieve consistent success in his 36+ years as a trader -- an especially rare feat in an industry known for producing few profitable traders and an abundance of financial ruin. Primo elaborated on the elements he regards as key to his success:
1. Simplicity: the best trading strategies are un-complicated and conducive to consistent execution
2. Psychology: Having a positive, winning attitude can help traders deal with the occassional stresses of losing
3. Focus: Related to simplicity is Primo’s emphasis on focus; he has a very simple technology setup, trades diligently for a few hours a day, and is generally focused on one trade at a time
Regarding his daily routine, Primo shared that he tends to place between 2 and 5 trades per day, and is in trades for no more than 15 minutes. When he is in a trade, he gives it his full attention, watching price the entire time. Primo revealed that he only spends a few hours per day focused on the markets; the rest of his day is focused on teaching his approach to others.
“Steven is a great communicator and an experienced trader,” said InformedTrades founder Simit Patel. “He is exactly the kind of person we’d like to interview as he can help traders learn. I speak from experience here; I’ve read Steven’s book and watched many of his seminars, and have found them to be thought-provoking and educational. Many traders who are feeling overwhelmed by the abundance of information out there will benefit from Steven’s emphasis on cutting out the excess noise and focusing on executing a simple but effective strategy.”
Visit InformedTrades to listen to the interview with Steven Primo.