What I understood for several years of real trading (according to Mr Mozart)

YouTube channelMr MozartI would put it in first place in the ranking of channels related to trading. 

Extremehis video is about (see title) here are actually all the points:

1. The ability to be out of the market, in anticipation of a good setup.
The desire to constantly be in a position is disastrous.

2. Competent placement of stops, as well as the use of logical stops.
No ATP*N; no fixed stops N (0.5 - 2% of the deposit) (as Elder recommends for example); no indicators for placing a stop (for example, Elder's safety zone).

3. Competent placement of take.
Takes only on the following levels (area of ​​interest). No takes on formula: stop * N (2-3); no take-ins on movings or channels.

4. Fast transfer to breakeven.

5. After opening a trade, you must be in the market at the close of each working candle.
This is necessary for logical setting of stops.

6. Maintaining detailed statistics of transactions and their analysis.
It is necessary to reflect: day of the week, time, setup, type of instrument, screenshots before and after the transaction.

7. The number of monitors does not mean success trader.

8. Long-distance algorithmic trading is unprofitable due to the fact that the market is changing.

9. Indicators really help in trading.
Especially if these indicators are your personal development.

10. The biggest profits in trading are made by scalpers.

11. The fastest in trading also scalpers burn out.

12. The psyche determines the success of trade at 60-80%.
This is the most important element in successful trading. The ability to be outside the market, the ability not to be greedy, the ability to enjoy little. Learn
change yourself, your habits. Many life laws on the market are dangerous: “A man said, a man did” - leads to a zeroing of the deposit.

13. The most unprofitable transactions are obtained when you give yourself the setting that this setup is 100%.
Stupidly the law of meanness.

14. You can re-enter the transaction at the same level from 1 to 3 times.
As a rule, after the first loss, people are afraid to jump into a deal in the same direction.

15. Strict rules in the trading system are unprofitable.
It is necessary to be flexible and be able to adapt to the market.

16. The best trading book you can read is your own.

17. The most dangerous words of the trader: "Now I understand everything."

18. On average and senior TF using Alerts are required.
This allows you to control a large number of tools.

19. You can’t trade on weekends - burn out, the brain must rest from trade.

20. The most difficult thing in trading is to learn not to lose money.
If a person has positive dynamics over the course of 150-200 trades, then he is very good at trading.

21. The most successful traders are tough introverts.

22. Trades against the trend, trades on channel breakdown, and trades based on news will most likely be unprofitable.

23. The most profitable trades are buying from past bottoms in a rising market and selling from past tops in a declining market.

24. Using a junior TF to assist a trading TF allows you to double the price of opening a position.

25. As efficiently as possible you can trade only 3-4 hours a day.

I agree with almost all of MR Mozart’s theses, andhow do you like What do you disagree with?I am especially interested in the opinion regarding thesis No. 8 about algorithmic trading.