Register as a Member
    Why join? See our testimonials.

Register Front Page See Today's Posts Site
Free Trading
Front Page > Forum Central > InformedTrades Front Page Stories

Thread Tools Search this Thread Display Modes
Old 04-16-2013, 08:22 AM   #1 (permalink)
InformedTrades Founder
Simit Patel's Avatar
Join Date: Mar 2008
Location: informedtrades
Posts: 5,998

Thanks Stats
Thanks (Given): 760
Thanks (Received): 616

Steven Primo (Specialist Trading) Interview: Good Trading is Boring and Simplicity is the Key

Below is an interview I conducted with day trader Steve Primo. Be sure to check out our free course from Primo as well.

Key points from the interview:

1. Primo has been trading for 36+ years; he got started as a specialist on the now defunct Pacific Stock Exchange.

2. At first the adjustment to trading off the floor and without the sound of traders was a bit of a challenge, but now he believes he can get better information easier and less expensive than before. As such, he believes electronic trading has made it easier than trading was before.

3. Primo spends about 2 hours per day focused on the markets (typically the open hours of the session), placing between 2 and 5 trades per day.

4. He has a very simple setup: just one screen and a regular laptop.

4. Trades primarily off the tick chart, looking at 1,000 tick history. Typically in trades for no more than 15 minutes. When day trading, he trades just one position at a time.

5. "Good trading is boring."

6. Traders bring their own psychology to the market. A positive attitude that embraces and enjoys life will help traders find the easiest and most lucrative path to success.

7. He states that while it varies greatly from student to student based on their commitment level and their psychology, he believes it is reasonable for his students to reach consistent profitability within 4 months.

If you enjoyed this interview, you may also like our other interviews, as well as the page in our University on Profiles of Winning Traders.

To visit Primo's web site, click here.

My IT Blog | My Trading Bio | Google+
Simit Patel is online now   Reply With Quote
Old 04-16-2013, 11:24 AM   #2 (permalink)
Luke Myers's Avatar
Join Date: Jul 2011
Location: Califonia
Posts: 835

Thanks Stats
Thanks (Given): 70
Thanks (Received): 207

Great interview Simit.
Luke Myers is offline   Reply With Quote
Old 04-16-2013, 12:47 PM   #3 (permalink)
Join Date: Apr 2010
Posts: 137

Thanks Stats
Thanks (Given): 1
Thanks (Received): 17

Great interview
Rob123 is offline   Reply With Quote
Old 04-16-2013, 06:49 PM   #4 (permalink)
InformedTrades Founder
Simit Patel's Avatar
Join Date: Mar 2008
Location: informedtrades
Posts: 5,998

Thanks Stats
Thanks (Given): 760
Thanks (Received): 616

i really enjoyed interviewing steve and talking to him about his approach to trading, and plan to interview him again at some point. if folks have any questions for steve, feel free to share them here.
Simit Patel is online now   Reply With Quote

informedtrades interview, steve primo

Help InformedTrades grow. Click +1 if you enjoyed this thread.

Register to Comment
Thread Tools Search this Thread
Search this Thread:

Advanced Site Search
Display Modes

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off

All times are GMT -5. The time now is 04:18 PM.

Creative Commons License

InformedTrades is dedicated to empowering traders with knowledge. Learn more about our mission statement, and our charity endeavors.

Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Search Engine Optimization by vBSEO 3.3.2
vBulletin Optimisation by vB Optimise (Reduced on this page: MySQL 7.14%).
vBCommerce I v2.0.0 Gold ©2010, PixelFX Studios
vBCredits v1.4 Copyright ©2007 - 2008, PixelFX Studios