Specialist Trading's 3 Keys to the Psychology of a Successful Active Trading Plan

Learn more about the courses offered by Steve Primo (Specialist Trading): http://bit.ly/steveprimo

The main points Primo (Specialist Trading) believes are at the framework of every active trading plan that is successful over the long run are as follows:

1. Simple -- the techniques and strategy need to very simple and easy to understand
2. Consistency -- Simple strategies are more conducive to consistent execution, which is also needed
3. Discretionary -- The strategy should not be entirely rule-based, but rather should have a discretionary component that allows you to fit your personality and lifestyle into the strategy, so that you can trade it with confidence.

Discuss this with us on InformedTrades here:

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remember what was talked to me and one
got my trading to finally turn around
and i was beginning word the transfer
successful trading and that's really
tree he should be simple it's possible
nazi easiest thing in the world to
complicate your trading anyone can
complicate it read as much as you'd like
you can add tens of indicators heating
up twenty screens in front of you you
can be trading hundred markets and you
can have tv go out full blast all day
anyone can do that you can be traded we
can do that he can be trained twenty
years but its most difficult thing in
the world to simplify your trading truly
focus on one of two things to keep it
simple and that's where teaching active
outreach also be consistent you don't
wanna happpy now it looks like a roller
coaster look at your equity curvature
performance for the past
and you're selling secrets gone straight
up and straight down the back straight
up and actually them again
that's not the sign of a consistent
strategy we want something that's going
to have this nice slow upward slope to
your property profit handout lost or
equity account
so that's what we're aiming for
consistency
you have to set the just afford one step
back gain signaled singles instead
trying to go for home runs
and then lastly it should make you a
part of the costs of success esl
training plan should make you a part of
the process there are too many traders
in my opinion that are just taken
themselves out of the day it just simply
wait for a signal to be generated either
by someone telling them one indicator
tonya but they're not part of the
process and ultimately this is not the
lead you to successful program because
you have no idea who say what's going on
uh... most of my strategies seventy five
percent will base that we allot twenty
five percent for discretion for making
your part of the process because i
really feel that's important
it has to fit your persona it has to fit
your style and that's where your own
personal discretion comes and we teach
you how to do that and share my thirty
five years of experience with you so you
can become a part of the process