Using IF-ELSE Logic in Trading

Keeping trading straightforward is key for us. Making errors is fine but you gotta stick to your bias when you trade. Every setup has its own invalidation point. I went short at around $94.5k and got stopped out at $95.7k. No worries though, I had other positions like POL, SOL, PLAY, DOLO which have actually turned out pretty profitable lately. So really, trading boils down to managing your risk and having discipline. Learn to think in conditions. With conditions, you can create logic, programming, coding so why not use that same thinking in trading? Nail down these five concepts: IF, BUT, AND, OR, ELSE and trading gets a lot simpler. Here’s what I did: IF the STF support holds, we should head towards the purple line. And guess what? We did. Then IF the purple line acts as support AND the VAH breaks, our target is 3.2T. If we break through 3.2T, we might hit the channel top. OR ELSE, the price will keep dropping, breaking levels and retesting them one by one.

I think a lot of people need to learn the 6th important operation: NOT (or DON'T).. Sometimes there's no logic to trading a certain way and you need to leave it for a day or two and come back. Preplanning your trades and sticking to them is a great way to go though. It builds conviction and will let you better predict what's to come based on what you've already seen patterns wise and that's most of trading.

I have a little idea of computer programing and this makes a lot of sense in that it makes trading a process that is governed by rules. If a trader perfects this and following it in his trading, then he will be able to give convincing reason why he entered each and every trade and how he is able to manage the trades. Most people have the habit of entering trades they cannot ex[lain why they enter them and this is where the biggest losses comes from. Developing the IF statement you introduce here will make trading very smooth and sweet.

This IF-ELSE logic is actually how trading should work. The Take-Profit and Stop-Loss is the BREAK in the flow. The problem is trading is not as 2 dimensional as just IF and ELSE. Sometime you see some pattern and you want to minimize lose, then you gotta close the position before you lose even more money because you know your Stop-Loss being hit is imminent. In general though, this is how it works for most of people who know how to trade and very disciplined. However, trading is much more complicated than that.

Exactly how I learnt foreign. And the exact reason for stop loss! I am still amazed of people who call themselves traders and yet they never use limit (if) or stop (if). So their (else) is always out of control...

When you start learning trading, you will see many fake signals that will make your eyes pop, and it will feel unbelievable—almost as if a huge amount of money is coming from trading very easily. At first, you are actually under a wrong assumption, but at that moment you won’t be able to realize it. Later, when you fall into greed and spend your real money while learning trading, you will notice that the people whose profits inspired you to start trading in the first place were actually fake. Haha. This simply means that you should avoid trading based on emotions and instead learn proper guidelines and real skills. If you do that, you too will be able to become a trader one day.

The "IF" there's very much necessary for a trader to adhere to and at the moment of risk, given benefits to doubt of "IN CASE" of necessity because as you're placing your trade on a click and a direction order and the market will be expected to go according to your decision before you can make it otherwise, your bound to the risk on trading would either fetch you profit or lost. Therefore, good risk managements would always be a stepping to stay long and standout to be successful. ,.