Trading Advice by Youssef Kassantini

Forex trading strategies and techniques are designed to help traders optimize trading styles and systems.¦nbsp; We hope you enjoy our Forex strategies!
Youssef Kassantini
The following strategies are posted for the purpose of education only.¦nbsp; Trading rules may be subject to different interpretation. Planned risk levels may be increased dramatically under extreme market conditions. Use ideas and/or modify them to suit your trading style, but only at your own risk. We recommend testing your trading system on demo account prior to investing real money.
Trading Advice by Youssef Kassantini
1. There is no sure method to always win, do not look for it.
2. Stocks do not sell for their worth, but for what traders think they are worth.
3. Buy on rumors; sell before news (not on news).
4. Be "objective", minimize emotion.
5. Do not overtrade; you pay the dues in health and commissions.
6. Never trade or invest based on hope.
7. The real news is not in the headlines, but behind them.
8. Pay little attention to gossips and rumors.
9. Cut losses, let profits run.
10. Look after your losses, your gains will look after themselves.
11. The crowd is correct most of the time; it is at turning points that they get things wrong.
12. News known is news discounted in the price.
13. A suitable broker is selected by referral, not newspapers.
14. Mental rehearsal helps in anticipating possible outcomes.
15. Most successful traders are loners; they think independently from the crown.
16. Buy when stocks have few friends.
17. Keep an eye on what smart traders are doing.
18. Never risk more than 10% on any single trade.
19. If you lose 50% of your capital, you have to make 100% for breakeven.
20. When in doubt, stay out.
21. Don't try to call every market turn.
22. Never invest more than you can reasonably afford to lose.
23. Trade liquid markets.
24. Cut down losses at a logical point, not convenient.
25. Investment objectives should be Liquidity, Income and Growth.
26. Don't speculate unless you can make it a full time job.
27. Don't buy too many securities you cannot follow up on.
28. Always keep cash reserve.
29. Never trade with a serious personal problem.
30. Ask yourself what you really want.
31. Learn to wait, be patient.
32. Always understand the Risk/Reward ratio.
33. Look at the big picture at all times.
34. Undertrading is better than overtrading.
35. Trade in steps, never buy the quantity of stocks you need at one time.
36. Speculation requires cool judgment, flexibility and courage. Pliability.
37. The worst losses come from uninformed people buying greatly overvalued stocks.
38. Never speculate with money you need to live.
39. Expect the unexpected when investor opinions are too unanimous.
40. Specify risk capital and the level of risk.
41. The trend is your friend, never trade against the trend.
42. Pay all bills before speculating.
43. Don't speculate with other person's money.
44. Don't neglect your business to speculate
45. Money you invest should be money you do not need.
46. Don't go joint account with a friend, play a lone hand.
47. Corrections are three times more severe than rallies.
48. Don't take advice from the uninformed; they know no more than you do.
49. It is easier to buy than to sell.
50. Don't spend your paper losses, they might turn into losses.
51. Don't give tips, they get you in trouble and seldom pays you back.
52. Don't blame others for mistakes. A professional trader should consider everything.
53. If you cannot sleep over an investment, it shouldn't have been done in the first place.
54. Protect profits, avoid uncertainties.
55. Plan the trade then trade the plan.
56. Be patient.
57. Know and follow the above rules!