Book Review - Secrets of a Stock Exchange Specialist by Steven Primo
Secrets of a Stock Exchange Specialist lays out the detailed methods of
stock market success from 32 year veteran Steven Primo, founder of
SpecialistTrading.com Mr. Primo was previously a nine-year specialist on
the floor of the Pacific Stock Exchange for Donaldson, Lufkin and
Jenrette, one of the premier investment firms on Wall Street. In
addition to having been an Exchange Specialist, Mr. Primo was also a
General Partner and Head Trader for a private investment partnership in
California.
Secrets of a Stock Exchange Specialist is his no-holds examination and account of getting ahead in the trading world.
Buy this book on amazon here.
Book Review
This is interesting video where Simit Patel is introducing the book of Steven Primo : "I recently finished reading Steven Primo's book, Secrets of a Stock Exchange Specialist. Below is my video review.
A few key points:
1. The book is for active traders; if you are not interested in active trading, this book is not for you.
2. Primo shares 3 strategies in the book that operate from the three pillars of his framework for trading:
- Trade with the trend
- Wait for a pullback, and end to this pullback, before entering
- Exit when the trend shows signs of exhaustion
4. My favorite part of the book is that it's short: just 88 pages.
5. The ebook is not formatted as a true ebook; rather it is a PDF. I still found this to be readable without any problems, although ebooks that are formatted properly are easier to read and prettier to look at.
6. The book is available for $20.
7. For new traders, I think this book can really help them learn what to focus on, so that they are not left feeling overwhelmed".
