Do You Always have Plan B?

[shahzad0able]

I often wonder while trading if something goes wrong with my strategy there have to be something that is should adopt to lessened my losses. So, I've come up with this question that Do you guys (traders) have a plan b ?
I have a plan B and its called Hedging. I use it when my trades go against my plan A. It does not protect you from losses but it can maintain your loss at a certain level. You can think of many and select the one that suits you best. Share your plan B.

[waheedpcc]

I often wonder while trading if something goes wrong with my strategy there have to be something that is should adopt to lessened my losses. So, I've come up with this question that Do you guys (traders) have a plan b ?
I have a plan B and its called Hedging. I use it when my trades go against my plan A. It does not protect you from losses but it can maintain your loss at a certain level. You can think of many and select the one that suits you best. Share your plan B.
dekho shahzad hedging k use kerne ka be aik ay hota ha kuin her koi forex ko hedging nehe ker sekta ap ka sharp mind hona must mangta ha hedging, o r hain reverse trade ho rehe ho ti to monitors per on rahna lazmi hota ha or jeb profit a ni wali to position close ker lni chahy e greedy nehe bena chahaye

[bestlooser]

ji haan i beleive in plan B. in forex you must have all sorts plan and you should do whatever you can so many situatiosn wil lcome so you must have plan A , b or plan C even. but I think good traders will always have many options so just give your self options and make it simple.

[Ganesh]

plan b can be a very strategised plan with the help of stop loss and hedging coz with these you can atleast avoid chances of making a huge loss, i also use sl now everytime and i m pretty satisfied and also a bit relaxed coz of it while trading.

[gosians]

I often wonder while trading if something goes wrong with my strategy there have to be something that is should adopt to lessened my losses. So, I've come up with this question that Do you guys (traders) have a plan b ?
I have a plan B and its called Hedging. I use it when my trades go against my plan A. It does not protect you from losses but it can maintain your loss at a certain level. You can think of many and select the one that suits you best. Share your plan B.

Hedging ak achi strategy hy but ic ko apply krny sy phly market ki situation ko dykhna prta hy, agr tu apko clear idea ho jaye k trend ab change ho raha hy tu apko chahye apni open position ko close kr k trend ki direction mn new position ko open kren but agr aisa nhi hy tu hedging apply krny main koi problem nhi hy, you can get some extra pips by doing this.

[imbest]

If you are a beginner, hedging is not the right strategy for you as you might not be able to handle your hedge trades properly and facing loss more than profit. It is a very yielding strategy for those who have good experience of market price action.

[BojanHajdinjak]

I often wonder while trading if something goes wrong with my strategy there have to be something that is should adopt to lessened my losses. So, I've come up with this question that Do you guys (traders) have a plan b ?
I have a plan B and its called Hedging. I use it when my trades go against my plan A. It does not protect you from losses but it can maintain your loss at a certain level. You can think of many and select the one that suits you best. Share your plan B.

I have plan B but it is normal part of the system.
It works good on bigger accounts where I can plase enough number of another positions.
But its not very effective for small accounts where cant place enough orders.

[realfun07]

Yes I do have a plan B which means a different strategy in case a trade goes wrong or there are uncertain market conditions or during times when trend is not clear.So a trader should have another plan in mind in case of an emergency.For example one can use Hedging in case of a bad trade or uncertain market conditions.

[nsawork]

I have plan B but it is normal part of the system.
It works good on bigger accounts where I can plase enough number of another positions.
But its not very effective for small accounts where cant place enough orders.

My plan B is to wait for the markets and then trade only when the trend is clear and we are able to see the signals. This is so because we cannot risk of loosing all the capital that we have with us at anytime.

The best thing to do is that we make sure that our backup plan is executed when we make some loss from the Forex markets and thus become ready for the future.

[sanjeev]

I often wonder while trading if something goes wrong with my strategy there have to be something that is should adopt to lessened my losses. So, I've come up with this question that Do you guys (traders) have a plan b ?
I have a plan B and its called Hedging. I use it when my trades go against my plan A. It does not protect you from losses but it can maintain your loss at a certain level. You can think of many and select the one that suits you best. Share your plan B.
ha bhai main bhi hedging karta hu agar mera position mere against chale jaaya, so isme tension nahi hota hai margin call ka

[mayengbam]

If your positions go wrong, the best thing to do is close it,

setting a sl in every position we open is vital to limit the loses

AND NEVER HOLD ON TO A LOSING POSITION

Regarding hedging, never attempt to use it when your equity is low, it is nothing but inviting MC. Its a complex method and requires good knowledge

[sachin]

main waity karta hoon jab tak mera position mujhe profit nahi dete , chahye kitna bhi time kyu na ho 1 week, 1 month ya phir 1 saal

[netra]

Hedging ak achi strategy hy but ic ko apply krny sy phly market ki situation ko dykhna prta hy, agr tu apko clear idea ho jaye k trend ab change ho raha hy tu apko chahye apni open position ko close kr k trend ki direction mn new position ko open kren but agr aisa nhi hy tu hedging apply krny main koi problem nhi hy, you can get some extra pips by doing this.

[akshayfuriya]

no i dont have any b plan, i just wait for my price to come back and if i got margin call then i make new account and start again ,never give up baby

[netra]

If you are a beginner, hedging is not the right strategy for you as you might not be able to handle your hedge trades properly and facing loss more than profit. It is a very yielding strategy for those who have good experience of market price action.

[shahzad0able]

no i dont have any b plan, i just wait for my price to come back and if i got margin call then i make new account and start again ,never give up baby

Looks like you are a millionaire already ;) you wait for your price to come back, till when ? and if you got margin call you make new account ? why. My dear always use stop loss, it will save the rest of your account balance and risk only some percentage of you account. Remember getting margin call will blow you account and you will lose everything but by setting a stop loss will give you a chance to return back with the remaining account balance.

[ketan]

Yes I do have a plan B which means a different strategy in case a trade goes wrong or there are uncertain market conditions or during times when trend is not clear.So a trader should have another plan in mind in case of an emergency.For example one can use Hedging in case of a bad trade or uncertain market conditions.

[vikas]

I often wonder while trading if something goes wrong with my strategy there have to be something that is should adopt to lessened my losses. So, I've come up with this question that Do you guys (traders) have a plan b ?
I have a plan B and its called Hedging. I use it when my trades go against my plan A. It does not protect you from losses but it can maintain your loss at a certain level. You can think of many and select the one that suits you best. Share your plan B.

dekho shahzad hedging k use kerne ka be aik ay hota ha kuin her koi forex ko hedging nehe ker sekta ap ka sharp mind hona must mangta ha hedging, o r hain reverse trade ho rehe ho ti to monitors per on rahna lazmi hota ha or jeb profit a ni wali to position close ker lni chahy e greedy nehe bena chahaye

[james]

plan b can be a very strategised plan with the help of stop loss and hedging coz with these you can atleast avoid chances of making a huge loss, i also use sl now everytime and i m pretty satisfied and also a bit relaxed coz of it while trading.

aree bahi idar plan abc rakne gaya to sab paisa jayega no garentee for that ...so always stick to one plan only ....if you have some new strategies try them in new demo account rathere then taking risks

[anubhavsingh]

main waity karta hoon jab tak mera position mujhe profit nahi dete , chahye kitna bhi time kyu na ho 1 week, 1 month ya phir 1 saal

aisa nahi karna chahiye
ye bahut hi galat strategy hoti hai
aapko hamesha sl ka use karke trading akrni chahaiye...aap 1 trade bachane ke chakkar me bahut trade barbad kar dete ho

[aniket]

Hedging ak achi strategy hy but ic ko apply krny sy phly market ki situation ko dykhna prta hy, agr tu apko clear idea ho jaye k trend ab change ho raha hy tu apko chahye apni open position ko close kr k trend ki direction mn new position ko open kren but agr aisa nhi hy tu hedging apply krny main koi problem nhi hy, you can get some extra pips by doing this.

plan b can be a very strategised plan with the help of stop loss and hedging coz with these you can atleast avoid chances of making a huge loss, i also use sl now everytime and i m pretty satisfied and also a bit relaxed coz of it while trading.

[sachin]

My plan B is to wait for the markets and then trade only when the trend is clear and we are able to see the signals. This is so because we cannot risk of loosing all the capital that we have with us at anytime.

[Victoryindia]

My plan B is to wait for the markets and then trade only when the trend is clear and we are able to see the signals. This is so because we cannot risk of loosing all the capital that we have with us at anytime.

dear aap sahi ho lekin kya kabhi aisa hota hai k trend 1dum clear hai risk kabhi bhi khatam nahi hoti hai ha lekin aap yeh keh sakte hai k ismai risk kam hogi.

[nikhil_rrane]

I do not have plan B while i trade. Most of the time i am not able to manage the balance of the account. If account balance will not be there then to which you will apply the plan B. Plan B is very good idea i like it. i will think it next time.

[bestlooser]

I think in fiorex you must have plan B as every time things will not go according to you and some times you need to have plan B. So better you have all the planing done before you open a positions asif your Plan A does not work and thigns does not ago according to you so you can use plan B then.

[shahzad0able]

I think in fiorex you must have plan B as every time things will not go according to you and some times you need to have plan B. So better you have all the planing done before you open a positions asif your Plan A does not work and thigns does not ago according to you so you can use plan B then.

ji aap nay bilkul sahi kaha, forex trading may plan B ka hona bht zarori hay, baaz traders aesa bhi kertay hain kay agr on ko kisi aik khaas pair may loss ka samna ho to wo foran os pair kay against koi or pair jis ki movement pehlay walay kay opposite ho, os per bhi aik position open ker laytay hain, iss tarah ye onka plan B sabit hota hay.

[speedy]

I think in fiorex you must have plan B as every time things will not go according to you and some times you need to have plan B. So better you have all the planing done before you open a positions asif your Plan A does not work and thigns does not ago according to you so you can use plan B then.

I agree with you as far as plan B is concerned. Forex is a very risky business and we should expect the unexpected situation here, so plan B is must. We should not trade in forex without plan B as plan A can be failed at any time.

[100c�]

It is true one strategy who works on some pairs and not fit for all. So we always take option two or three. oor yeh bhi nahi hota k jo strategy kisi pair per good result dairahi hai oor wo her waqat uss per hi kaam kerti hai so meray khayal se her trader ko 2 se 3 strategy ko istamaal kerna chaiyay. buray waqat mein kaam aah jaiti hain.

[keset]

I think is okay to use a strategy that both origins are also in accordance with good analytical ability and we have learned the test..
good luck :respect:

[s19]

i dont have any plan B. I trade just only simple way with my analysis & money management rules.
but after reading all post of this thread i am thinking that i should have plan B. but now i got confuse what will be become my plan B. i am thinking about money backup.

[Jazpa]

I often wonder while trading if something goes wrong with my strategy there have to be something that is should adopt to lessened my losses. So, I've come up with this question that Do you guys (traders) have a plan b ?
I have a plan B and its called Hedging. I use it when my trades go against my plan A. It does not protect you from losses but it can maintain your loss at a certain level. You can think of many and select the one that suits you best. Share your plan B.

I don't believe in going with plan B or many plans. I target on only one plan and work hard to make it success. It is good to just to focus on one plan rather than making more plans and wasting time and efforts on them. I go with certain plan and if that plan does not work, the only plan that I take or believe in is closing the position.

[miracle]

I don't believe in going with plan B or many plans. I target on only one plan and work hard to make it success. It is good to just to focus on one plan rather than making more plans and wasting time and efforts on them. I go with certain plan and if that plan does not work, the only plan that I take or believe in is closing the position.

same as me, i only do i plan and focus on it. if the plan is fail i will upgrade the plan and make it better and keep doing that until can make consistent profit.

[shahzad0able]

i dont have any plan B. I trade just only simple way with my analysis & money management rules.
but after reading all post of this thread i am thinking that i should have plan B. but now i got confuse what will be become my plan B. i am thinking about money backup.

Yes this can be a great Plan B "money backup". Like its always said don't invest all you have in forex, keep something for backup and that backup I think can't be better than keeping some amount as backup.

[newentry]

I often wonder while trading if something goes wrong with my strategy there have to be something that is should adopt to lessened my losses. So, I've come up with this question that Do you guys (traders) have a plan b ?
I have a plan B and its called Hedging. I use it when my trades go against my plan A. It does not protect you from losses but it can maintain your loss at a certain level. You can think of many and select the one that suits you best. Share your plan B.

yes i do, sometimes i double my volume and that is my plan B, all we thing to do is how to get back the money?we have to be patient in this bussiness

[Mr. Tukul]

yes i do, sometimes i double my volume and that is my plan B, all we thing to do is how to get back the money?we have to be patient in this bussiness

double lot is very risky, as we have the wrong position and then open a new position again with a larger lot that would be we do not want to admit the error analysis that we did the first time ...
if prices continue to fight our position, we can quickly get a margin call

[newentry]

double lot is very risky, as we have the wrong position and then open a new position again with a larger lot that would be we do not want to admit the error analysis that we did the first time ...
if prices continue to fight our position, we can quickly get a margin call

you are right my friend,before i did it, i have to wait for good moment with compare all stochastic at smaller to higher,we must be confident with this strategy,I used it when the chart move back and that is the best time for it,and i always get it well...
can you please share me here, what will you do if you were in this position...?so i can make your opinion as my good consideration
thank you very much

[s19]

Yes this can be a great Plan B "money backup". Like its always said don't invest all you have in forex, keep something for backup and that backup I think can't be better than keeping some amount as backup.

yes you are right..in forex do not invest all we have. so from last month i am going to be made backup money.
but in forex i did not invest my real money i invest that i got bonus. i decied to withdrawn 10% monthly of my profit for back up.

[WORLDEMO1]

Plan B is a good option when things starts to go wrong. Also, hedging is one of my plans. it can help me to cut my loss and getting balance again.

[anubhavsingh]

same as me, i only do i plan and focus on it. if the plan is fail i will upgrade the plan and make it better and keep doing that until can make consistent profit.

plan B hone ke bahut fayde ote hai
kayi bar aap plan B ko heding me bhi use kar sakte hai
plan B hone se apke loss kechancesb ahut kam ho jayenge..har trader ko aise hi trade karna chahaiye

[kamla]

no i dont have any b plan, i just wait for my price to come back and if i got margin call then i make new account and start again ,never give up baby

Looks like you are a millionaire already you wait for your price to come back, till when ? and if you got margin call you make new account ? why. My dear always use stop loss, it will save the rest of your account balance and risk only some percentage of you account. Remember getting margin call will blow you account and you will lose everything but by setting a stop loss will give you a chance to return back with the remaining account balance.

[kamla]

ji aap nay bilkul sahi kaha, forex trading may plan B ka hona bht zarori hay, baaz traders aesa bhi kertay hain kay agr on ko kisi aik khaas pair may loss ka samna ho to wo foran os pair kay against koi or pair jis ki movement pehlay walay kay opposite ho, os per bhi aik position open ker laytay hain, iss tarah ye onka plan B sabit hota hay.

[patil]

योजना ख बंद करो हानि और कम से कम आप एक बहुत बड़ा नुकसान बनाने की संभावना से बचने कर सकते हैं इन के साथ हेजिंग coz की मदद के साथ एक बहुत ही strategised योजना जा सकता है, मैं भी उपयोग sl अब हर और im बहुत संतुष्ट और भी इसे थोड़ा सा आराम coz जबकि व्यापार.

[patil]

मैं योजना बी नहीं है, जबकि मैं व्यापार. समय के अधिकांश मैं खाते की शेष राशि का प्रबंधन करने में सक्षम नहीं हूँ. यदि खाते की शेष राशि वहाँ नहीं किया जाएगा तो जो आप के लिए योजना बी योजना b बहुत अच्छा विचार है मुझे यह पसंद है है लागू होगा. मैं यह अगली बार में सोचना होगा.

[hiren]

I don't believe in going with plan B or many plans. I target on only one plan and work hard to make it success. It is good to just to focus on one plan rather than making more plans and wasting time and efforts on them. I go with certain plan and if that plan does not work, the only plan that I take or believe in is closing the position.

[kamla]

I do not have plan B while i trade. Most of the time i am not able to manage the balance of the account. If account balance will not be there then to which you will apply the plan B. Plan B is very good idea i like it. i will think it next time.

[chintan]

Mujhay naheen lagat kay koi bhui trade trade kay doraan apna plan ko change kar kay kuch faida lay sakta hay. Ye forex market hay koi cricket ka medan naheen jahan aap jab chahiye plan badal lo. Aap ko yahan plan change karny ki keemat chukana parrte hay.

[hetal]

aree bahi idar plan abc rakne gaya to sab paisa jayega no garentee for that ...so always stick to one plan only ....if you have some new strategies try them in new demo account rathere then taking risks

[vineet]

I think is okay to use a strategy that both origins are also in accordance with good analytical ability and we have learned the test..

[chintan]

If your positions go wrong, the best thing to do is close it,

setting a sl in every position we open is vital to limit the loses

AND NEVER HOLD ON TO A LOSING POSITION

Regarding hedging, never attempt to use it when your equity is low, it is nothing but inviting MC. Its a complex method and requires good knowledge

[narendra]

dear aap sahi ho lekin kya kabhi aisa hota hai k trend 1dum clear hai risk kabhi bhi khatam nahi hoti hai ha lekin aap yeh keh sakte hai k ismai risk kam hogi.

[hetal]

ya you should always have b plan with you because if your first plan fail then you can apply your other plans and strategies to earn profits which will be better than trading without b plans becuse trading without other backup plans and straregies will lead you to suffer a great loss

[anubhavsingh]

dear aap sahi ho lekin kya kabhi aisa hota hai k trend 1dum clear hai risk kabhi bhi khatam nahi hoti hai ha lekin aap yeh keh sakte hai k ismai risk kam hogi.

Plan B leke trading karna kafik safe tarika rehta hai forex me
lekin mere khaytal se Sl aur TP set karne se aap is situation se bach sakte hai kyunki jaise hi koi bhio pioint strike ho jata hai aur apki deal close ho jati hai fir aap apni next strategy pe kaam kar sakte hai
hamehsa plan B leke tyrading karna bahut mushkil ho jata hai..lekin ye bahut safe tarika hai trading ka

[jai]

Hedging ak achi strategy hy but ic ko apply krny sy phly market ki situation ko dykhna prta hy, agr tu apko clear idea ho jaye k trend ab change ho raha hy tu apko chahye apni open position ko close kr k trend ki direction mn new position ko open kren but agr aisa nhi hy tu hedging apply krny main koi problem nhi hy, you can get some extra pips by doing this.

[Mr. Tukul]

i dont have plan b, so it really depends on the condition at that time, we as trader should be ready for any situation, and analyse what will be the best , it could be hedging or even stop loss nor cut loss. please correct me if i am wrong.

each trader has their own way of anticipating the market, some have a plan B and some that did not have ...
I do not have a plan B, just like you I always use a stop loss ... if stop loss is hit, then I no longer trade on that day ...

[realfun07]

plan b can be a very strategised plan with the help of stop loss and hedging coz with these you can atleast avoid chances of making a huge loss, i also use sl now everytime and i m pretty satisfied and also a bit relaxed coz of it while trading.

Plan B could be anything and not only hedging or stop loss.Plan B basically refers to a second plan or contingency plan which a trader can use in case the markets are different or in different circumstances than normal.

[blackprince4u]

Well generally plan B is considered as hedging.As it cuts the losses and keeps our account safe from getting margin call. But plan B may also be another trade on any other pair which covers you losses and also gives you a little profit.

[bestlooser]

Plan B could be anything and not only hedging or stop loss.Plan B basically refers to a second plan or contingency plan which a trader can use in case the markets are different or in different circumstances than normal.

yes plan B should always be in when you enter a trade and when plan A fails then you can be ready with plan B or C and even more and planning is very important in forex as it is important in other fields and forex really test your potentials and it is not easy to be successful. As we know forex is tough job.

[krishan]

योजना ख बंद करो हानि और कम से कम आप एक बहुत बड़ा नुकसान बनाने की संभावना से बचने कर सकते हैं इन के साथ हेजिंग coz की मदद के साथ एक बहुत ही strategised योजना जा सकता है, मैं भी उपयोग sl अब हर और im बहुत संतुष्ट और भी इसे थोड़ा सा आराम coz जबकि व्यापार.

[sunil]

you are right my friend,before i did it, i have to wait for good moment with compare all stochastic at smaller to higher,we must be confident with this strategy,I used it when the chart move back and that is the best time for it,and i always get it well...
can you please share me here, what will you do if you were in this position...?so i can make your opinion as my good consideration
thank you very much

[sunil]

yes i do, sometimes i double my volume and that is my plan B, all we thing to do is how to get back the money?we have to be patient in this bussiness

[eddis]

plan b is always ready if my first plan is not using in bad market
trading without plan is very bad result for get profit in market
plan b make possible profit than not using plan when open transaction

[krishan]

मैं योजना बी नहीं है जब मैं व्यापार करते हैं. समय के अधिकांश मैं खाते की शेष राशि का प्रबंधन करने में सक्षम नहीं हूँ. यदि खाते की शेष राशि वहाँ नहीं किया जाएगा तो जो आप के लिए योजना बी योजना b बहुत अच्छा विचार है मुझे यह पसंद है है लागू होगा. मैं यह अगली बार में सोचना होगा.

[sanjeev]

योजना ख बंद करो हानि और कम से कम आप एक बहुत बड़ा नुकसान बनाने की संभावना से बचने कर सकते हैं इन के साथ हेजिंग coz की मदद के साथ एक बहुत ही strategised योजना जा सकता है, मैं भी उपयोग sl अब हर और im बहुत संतुष्ट और भी इसे थोड़ा सा आराम coz जबकि व्यापार.

[bestlooser]

@ sunil
yes at beggining your focus should not be expect profits and do not go for profits and expect losses and your focus should be on learning and then expect results when you are experience. yes as you hedging and other strategies a experience trader can use his experience and he can make strategies and implement them easily.

[realfun07]

If you are a beginner, hedging is not the right strategy for you as you might not be able to handle your hedge trades properly and facing loss more than profit. It is a very yielding strategy for those who have good experience of market price action.

Hedging does not always work as hedging is a substitute if a trader performs a wrong trade and he comes to know that the markets will go in reverse direction he can perform a trade in opposite direction and reduce his losses by doing that.Plan B is like a different plan which can be put in place in case of uncertain markets.

[bhanu]

My plan B is to wait for the markets and then trade only when the trend is clear and we are able to see the signals. This is so because we cannot risk of loosing all the capital that we have with us at anytime.

[realfun07]

My plan B is to wait for the markets and then trade only when the trend is clear and we are able to see the signals. This is so because we cannot risk of loosing all the capital that we have with us at anytime.

If your plan B is to wait for the markets and trade when you see clear signals then I want to ask you what is your Plan A ? do you trade any time and every time ? I think you should trade with Plan B then.

[aryan]

Well generally plan B is considered as hedging.As it cuts the losses and keeps our account safe from getting margin call. But plan B may also be another trade on any other pair which covers you losses and also gives you a little profit.

[weekager]

I often wonder while trading if something goes wrong with my strategy there have to be something that is should adopt to lessened my losses. So, I've come up with this question that Do you guys (traders) have a plan b ?
I have a plan B and its called Hedging. I use it when my trades go against my plan A. It does not protect you from losses but it can maintain your loss at a certain level. You can think of many and select the one that suits you best. Share your plan B.

han bilkul main plane b tiyaar rakta houn kioun k forex trading kafi risky ha es liye main jab koi trade open kata hnn tab es k sath us ka mukhalif plane bhi rakhta hnn k kis taran es ka toorr karna ha

[blackprince4u]

han bilkul main plane b tiyaar rakta houn kioun k forex trading kafi risky ha es liye main jab koi trade open kata hnn tab es k sath us ka mukhalif plane bhi rakhta hnn k kis taran es ka toorr karna ha

ye zaruri nahi hy kiu k agar aap ki strategy achi hy jo ap ko profit deti hy to us ko he folow karo. lekin agar koi chance hy k loss ho ga to plan b ka option rakhna chaheay.

[kamla]

dekho shahzad hedging k use kerne ka be aik ay hota ha kuin her koi forex ko hedging nehe ker sekta ap ka sharp mind hona must mangta ha hedging, o r hain reverse trade ho rehe ho ti to monitors per on rahna lazmi hota ha or jeb profit a ni wali to position close ker lni chahy e greedy nehe bena chahaye

[arihant]

It is true one strategy who works on some pairs and not fit for all. So we always take option two or three. oor yeh bhi nahi hota k jo strategy kisi pair per good result dairahi hai oor wo her waqat uss per hi kaam kerti hai so meray khayal se her trader ko 2 se 3 strategy ko istamaal kerna chaiyay. buray waqat mein kaam aah jaiti hain.

[tibasingh]

I often wonder while trading if something goes wrong with my strategy there have to be something that is should adopt to lessened my losses. So, I've come up with this question that Do you guys (traders) have a plan b ?
I have a plan B and its called Hedging. I use it when my trades go against my plan A. It does not protect you from losses but it can maintain your loss at a certain level. You can think of many and select the one that suits you best. Share your plan B.

han ye to lazmi cheez ha forex trading main kioun k ager app ka banaya howa plane ager fail ho raha ho to app plan b jo app ne es condition k liye banaya ho ga us ko apply karo es taran se app kafi achi trading rezuilt le saktey ho

[s19]

aree bahi idar plan abc rakne gaya to sab paisa jayega no garentee for that ...so always stick to one plan only ....if you have some new strategies try them in new demo account rathere then taking risks

friend i am not agree with you. we can check our strategy in demo account its not plan B . we should have have plan B. like withdrawing money after some interval.
we can use that money whenever we are near to margin call or when ever we need money.

[alvabra2010]

I always have a Plan B, and its none other than Hedging. I hedge my funds if i am going in loss. For eg: If EUR/USD was going in sell when i was on buy, i would immediately open a new trade selling the pair because of which i don't end up losing my capital.

[jabrik1991]

This is a key system, but when we take off the key and not in accordance with the analysis of the expected, we would be very easy to lose, we should definitely know where the bear, the saturation point, so we do not make mistakes,

[zoomfire]

well,i dont have any plan exactly like back up plan.Once the trade enters into loss,i again analyse the market and check out whether any possibility of reverse trend.
or else i will close the trade.

[kampung]

well,i dont have any plan exactly like back up plan.Once the trade enters into loss,i again analyse the market and check out whether any possibility of reverse trend.
or else i will close the trade.

I think for our trading plan must have as a trader because I have confidence that this trade plan we gave the trade route guidance is good for us and we must be disciplined in the running

[lovereurusd]

I often wonder while trading if something goes wrong with my strategy there have to be something that is should adopt to lessened my losses. So, I've come up with this question that Do you guys (traders) have a plan b ?
I have a plan B and its called Hedging. I use it when my trades go against my plan A. It does not protect you from losses but it can maintain your loss at a certain level. You can think of many and select the one that suits you best. Share your plan B.

hn ye to her kisi k mind main hota ha jab woh koi bhi trade open karne lagta ha kioun koi bhi trader jab koi trade open karta ha to 2 conditions hoti hane us k samney ek par aamal karta ha or dosri ko woh mind main k es k bad kiya karna ha

[nuh514]

I often wonder while trading if something goes wrong with my strategy there have to be something that is should adopt to lessened my losses. So, I've come up with this question that Do you guys (traders) have a plan b ?
I have a plan B and its called Hedging. I use it when my trades go against my plan A. It does not protect you from losses but it can maintain your loss at a certain level. You can think of many and select the one that suits you best. Share your plan B.

I think you must have explained the term hedging here before using this word because most of the people here at this forum do not even know about the function of this term hedging. So I request you to please explain it so that we should be clear about it and increase out knowledge.

[hiren]

Plan B could be anything and not only hedging or stop loss.Plan B basically refers to a second plan or contingency plan which a trader can use in case the markets are different or in different circumstances than normal.

[Ammie]

Main abhi forex me naya hu. Is forum me bohot experts log hai jo rojke bohot paise kamate hoge.
Mujhebhi forex ki kuch acchi strategies sikhna hai jisse main bhi kama saku.
Koi mujhe achhi strategies sikhaygakya jo work karti hai.
Mai uske badle me paise deneko tayar hu.

[venkiaries61]

I think that we should always be perfect on our decision. If this happens, then there is no worry about plan b. But, according to forex market, anything may happens in future. So, its better to have plan b in forex trading to avoid some sorrows.

[gosians]

Mera plan b tu mostly ak different strategy hoti hy us sy jo ma use kr raha hota hn, i think jyada log plan b ko b sath ly k chlty hen but jo experts hen unka plan A itna strong hota hy k plan b ki jarorat nhi hoti.

[realfun07]

Plan B could be anything and not only hedging or stop loss.Plan B basically refers to a second plan or contingency plan which a trader can use in case the markets are different or in different circumstances than normal.

It is always better to have a plan B in place as these markets are unpredictable and risky and some times not even the best of strategies work in these kinds of market so a plan B can always reduce the risks.

[kampung]

It is always better to have a plan B in place as these markets are unpredictable and risky and some times not even the best of strategies work in these kinds of market so a plan B can always reduce the risks.

yeah really does not do trade transactions is also a plan B because we have the time and a strong signal in the trade then we would transact and trade is better

[MTEBESSI]

I have try this strategies of hedging but I hate it because I feel with great number of ordres that in a moment I can't recognize why I opened it! i prefer to stop position and re analyses the situation and go on the good direction.

[jabrik1991]

If your plan B is to wait for the markets and trade when you see clear signals then I want to ask you what is your Plan A ? do you trade any time and every time ? I think you should trade with Plan B then.

A plan consistent position remains at the beginning of our transaction. then in a visible indicator of the movement signal is already at saturation point, I think I started off point A and then I open a transaction for plan B.

[zoomfire]

I think that we should always be perfect on our decision. If this happens, then there is no worry about plan b. But, according to forex market, anything may happens in future. So, its better to have plan b in forex trading to avoid some sorrows.

yes, you are right,but nothing can be done after we open a trade in market.We can delete the order or modify TP SL values.Maybe we should think of some back up plan if our money is lost in forex.

[kamla]

Looks like you are a millionaire already you wait for your price to come back, till when ? and if you got margin call you make new account ? why. My dear always use stop loss, it will save the rest of your account balance and risk only some percentage of you account. Remember getting margin call will blow you account and you will lose everything but by setting a stop loss will give you a chance to return back with the remaining account balance.

[kamla]

ji aap nay bilkul sahi kaha, forex trading may plan B ka hona bht zarori hay, baaz traders aesa bhi kertay hain kay agr on ko kisi aik khaas pair may loss ka samna ho to wo foran os pair kay against koi or pair jis ki movement pehlay walay kay opposite ho, os per bhi aik position open ker laytay hain, iss tarah ye onka plan B sabit hota hay.

[kamla]

Yes this can be a great Plan B "money backup". Like its always said don't invest all you have in forex, keep something for backup and that backup I think can't be better than keeping some amount as backup.

[bestlooser]

@kamla and this is what is money management and you must have full plan that how much to buy and sell and how much funds you have to use? and how much you have to keep on back up and what to do in different situations as you can have as many plans you want. if one fails what to do then? so planning is importnat.,

[nikhil]

Yes this can be a great Plan B "money backup". Like its always said don't invest all you have in forex, keep something for backup and that backup I think can't be better than keeping some amount as backup.

[nikhil]

ji aap nay bilkul sahi kaha, forex trading may plan B ka hona bht zarori hay, baaz traders aesa bhi kertay hain kay agr on ko kisi aik khaas pair may loss ka samna ho to wo foran os pair kay against koi or pair jis ki movement pehlay walay kay opposite ho, os per bhi aik position open ker laytay hain, iss tarah ye onka plan B sabit hota hay.

[nikhil]

Looks like you are a millionaire already you wait for your price to come back, till when ? and if you got margin call you make new account ? why. My dear always use stop loss, it will save the rest of your account balance and risk only some percentage of you account. Remember getting margin call will blow you account and you will lose everything but by setting a stop loss will give you a chance to return back with the remaining account balance.

[yogesh]

I dont follow hedging offen but to reduce my losses and increasing winning chances i open small trades and even my trade goes in loss i open other trades i keep doing so on some intervals, when some trades start showing descent profit i start closing those trades ... so i just follow buying at lower levels and selling on higher, simple that is what we can earn from.

[rakesh]

Mujhay naheen lagat kay koi bhui trade trade kay doraan apna plan ko change kar kay kuch faida lay sakta hay. Ye forex market hay koi cricket ka medan naheen jahan aap jab chahiye plan badal lo. Aap ko yahan plan change karny ki keemat chukana parrte hay.

[ali1011]

meray kheyal sy yeh boaht he bari bewaqoofi hy ku k apko dekhna chaiye k aap apny balance ko manage kaisy karen gee balky agar ap stoop loss b belive nahi karty to apko bohat feature me apko bohat prblem ho sakti hy or yeh problem apki success me sab sy bari wajha hogi.please control it

[hardworks]

If we have plan B. Then we should always move to plan B. Its better to analyze the faults in plan A if we fail in that. We should always upgrade our strategy not to find another one. That strategy should suits.

[azhar]

ha bhai main bhi hedging karta hu agar mera position mere against chale jaaya, so isme tension nahi hota hai margin call ka

G bahi me b jub daikta ho k market againts ja rahi he tu me hedging laga daita ho aik aur trade same lot par aur pehlay wali close kar daita ho is liye mujay b koi masla nahi hota

[wolfkamikaz]

My plan be is hedge too, i don't like to use stop loss and i believe it's just to destroy my account
All the plan may be failed in forex market, so we should keep an eye on the market

[dmambi]

My plan be is hedge too, i don't like to use stop loss and i believe it's just to destroy my account
All the plan may be failed in forex market, so we should keep an eye on the market

It is true that most of our plans wont work in forex market regularly , today the plan may work but tomorrow it may not, so in such conditions our plan should also be dynamic to adapt to the changing Forex market.

[cumil]

If we have plan B. Then we should always move to plan B. Its better to analyze the faults in plan A if we fail in that. We should always upgrade our strategy not to find another one. That strategy should suits.

find a suitable strategy and in accordance with our style is very difficult, let alone find a profitable strategy,

probably I will not prepare a trading plan B because I will try to fix the lack of the plan A, and seek solutions from the lack such a strategy

[lovefx]

when i started forex trading i didn't have any second plan. for this i had to regret . But now i always have plan 1, plan 2 and even i have another plan which i call survive plan. its really necessary.

[india]

My plan be is hedge too, i don't like to use stop loss and i believe it's just to destroy my account
All the plan may be failed in forex market, so we should keep an eye on the market

trading system without stop loss is good for trading activities with many experiece in forex market, but for beginner in forex market we need many system and using stop loss to more safe account and get a good result in forex market, my plan b in forex market is cut and switch position with more lot

[bestlooser]

when i started forex trading i didn't have any second plan. for this i had to regret . But now i always have plan 1, plan 2 and even i have another plan which i call survive plan. its really necessary.

I have many plans for different positions and I am always fighting to get success and keep on planning that if this happens then what will I do? so I am ready for all kind of preparation and I am ready for any kind of shock in market so this is how we can become strong traders.

[azhar]

Heding se betar koi cheez nahi meray kiyal se kiyun k is se agar ap ko firts potition me loss ho raha he to 2nd me profit ho ga aur ap firts band kar do aur 2nd ko hold kar

[realfun07]

Heding se betar koi cheez nahi meray kiyal se kiyun k is se agar ap ko firts potition me loss ho raha he to 2nd me profit ho ga aur ap firts band kar do aur 2nd ko hold kar

You have to monitor your trade while you do hedging as if you close one trade which is loosing trade and thereafter markets reverse both the trades can be lost resulting in double loss.

[hardworks]

although you are looking very interesting my friend and i think if you are ready to face the every situation in the market then you can be good trader. just remember that you should find the best time to trade.

Yes, the trader want to success in his trades. Then the trader should always remember that trading in true trend is safe. So, you should always make some analysis for the entry point. There are lot of signal providing websites, just clarify with that. And also check with your demo trades.

[anitagala124]

I think in fiorex you must have plan B as every time things will not go according to you and some times you need to have plan B. So better you have all the planing done before you open a positions asif your Plan A does not work and thigns does not ago according to you so you can use plan B then.

[anitagala124]

yeah really does not do trade transactions is also a plan B because we have the time and a strong signal in the trade then we would transact and trade is better

[anitagala124]

I think for our trading plan must have as a trader because I have confidence that this trade plan we gave the trade route guidance is good for us and we must be disciplined in the running

[hetal]

plan B hone ke bahut fayde ote hai
kayi bar aap plan B ko heding me bhi use kar sakte hai
plan B hone se apke loss kechancesb ahut kam ho jayenge..har trader ko aise hi trade karna chahaiye

[100c�]

Plan B leke trading karna kafik safe tarika rehta hai forex me
lekin mere khaytal se Sl aur TP set karne se aap is situation se bach sakte hai kyunki jaise hi koi bhio pioint strike ho jata hai aur apki deal close ho jati hai fir aap apni next strategy pe kaam kar sakte hai
hamehsa plan B leke tyrading karna bahut mushkil ho jata hai..lekin ye bahut safe tarika hai trading ka

No doubt stop loss and take profit are most important in this business but plan B has it own importance. Some time our Plan A goes fail and we are in loss and then we need to recover the loss or to balance the loss, then we need plan B which always give me good response all the time when used.

[iiuu86]

I have not much experience with my trading , i am tring hard to develop my first plan and i will keep ready my second plans as well. this what i am looking to do now . working hard to make my own strategy very soon .

[balakalimuthu]

No, I just trade with one stop-loss and one target. I heard that hedgers increases lots according the trend to manage the against direction. But I just do plain trade. Even after hitting stop-loss I do not go for recovery in the same day as per golden rules. So, no plan-B for me as of now..

[barmanitrade]

I often wonder while trading if something goes wrong with my strategy there have to be something that is should adopt to lessened my losses. So, I've come up with this question that Do you guys (traders) have a plan b ?
I have a plan B and its called Hedging. I use it when my trades go against my plan A. It does not protect you from losses but it can maintain your loss at a certain level. You can think of many and select the one that suits you best. Share your plan B.
han bilkul mere khiyal main her koi plan b rakhta ha jab woh koi bhi trade open kar raha hota ha kioun k aap jab bhi koi trade open kartey ho to app us k loss k barey main bhi soctey ho k ager ye open ki hoie position loss main chali gai to phr app ko kiya karna ho ga

[aniket]

han ye to lazmi cheez ha forex trading main kioun k ager app ka banaya howa plane ager fail ho raha ho to app plan b jo app ne es condition k liye banaya ho ga us ko apply karo es taran se app kafi achi trading rezuilt le saktey ho

[vikas]

han bilkul main plane b tiyaar rakta houn kioun k forex trading kafi risky ha es liye main jab koi trade open kata hnn tab es k sath us ka mukhalif plane bhi rakhta hnn k kis taran es ka toorr karna ha

[vikas]

since i know that market has it own kinds of movement, i'm already making several type of EA that can be run alternately, so when the market moves sideways, it's time to use martingale system, when the market going to be a trending, using a scalping is the right option, and so on, each moment has it's own plan. so i guess i'm not only having plan b right?

[realfun07]

han bilkul main plane b tiyaar rakta houn kioun k forex trading kafi risky ha es liye main jab koi trade open kata hnn tab es k sath us ka mukhalif plane bhi rakhta hnn k kis taran es ka toorr karna ha

I just wanted to ask you that what do you generally do when you place a trade and it is loosing or in negative float ? Do you use a plan B or any other trade you open just let me know and share with me here.

[aniket]

The best thing to do is that we make sure that our backup plan is executed when we make some loss from the Forex markets and thus become ready for the future.

[vikas]

same as me, i only do i plan and focus on it. if the plan is fail i will upgrade the plan and make it better and keep doing that until can make consistent profit.

[zdaina]

yes most the time i have a plan B just in case if i lose i don't leave the market soon , because it's easy to say goodbye to the forex market , i advice you to have a plan B to make good trading .

[jadhav]

Mujhay naheen lagat kay koi bhui trade trade kay doraan apna plan ko change kar kay kuch faida lay sakta hay. Ye forex market hay koi cricket ka medan naheen jahan aap jab chahiye plan badal lo. Aap ko yahan plan change karny ki keemat chukana parrte hay.

[furiya]

yes i do, sometimes i double my volume and that is my plan B, all we thing to do is how to get back the money?we have to be patient in this bussiness

[furiya]

you are right my friend,before i did it, i have to wait for good moment with compare all stochastic at smaller to higher,we must be confident with this strategy,I used it when the chart move back and that is the best time for it,and i always get it well...
can you please share me here, what will you do if you were in this position...?so i can make your opinion as my good consideration
thank you very much

[bigearners]

waise sabhi trader ko koi na koi plan B toh rakhna chahiye agar kisi trade mein loss ho gaya ya ho raha hai toh....Plan B mein jata tar main scalping use karke apne loss ko cover kar leta hun aur phir jab loss cover ho jaate hain toh wapas plan mein aa jata hun.

[jadhav]

I don't believe in going with plan B or many plans. I target on only one plan and work hard to make it success. It is good to just to focus on one plan rather than making more plans and wasting time and efforts on them. I go with certain plan and if that plan does not work, the only plan that I take or believe in is closing the position.

[shinde]

plan b can be a very strategised plan with the help of stop loss and hedging coz with these you can atleast avoid chances of making a huge loss, i also use sl now everytime and i m pretty satisfied and also a bit relaxed coz of it while trading.

[shinde]

It is always better to have a plan B in place as these markets are unpredictable and risky and some times not even the best of strategies work in these kinds of market so a plan B can always reduce the risks.

[shinde]

I think is okay to use a strategy that both origins are also in accordance with good analytical ability and we have learned the test..
good luck

[anubhavsingh]

It is always better to have a plan B in place as these markets are unpredictable and risky and some times not even the best of strategies work in these kinds of market so a plan B can always reduce the risks.

me hamesha to nahi lekin zadatar 2-3 plans ko ek stah leke chalta hon..kayi bar situation aisi hoti hai ki koi aur plan nahi smajh me ata lekin me koshish karta hon ki jab bhi tarde karu , ek sath 2-3 plans leke hi tarde karu taki agar meri pehle wali strategy bekar ho jaey to me aur bhi kuch karke usko barabar akr saku..har tarder ko ye baat sekehni chahiye

[aadrika]

If I have a plan B, it simply means that my plan A is unreliable. I think having no plan B is he best way to make that your Plan A gives you the most profits. If you have a plan B, then you will just be waiting for your initial strategy to fail so that you can resort to the better one. Let us think about it. It becomes obvious that the backup strategy must be better than the initial one before it can help us make profits where the first one fails. The question then is why keep the more profitable strategy and trade with the bad one?

[forexprophet]

If I have a plan B, it simply means that my plan A is unreliable. I think having no plan B is he best way to make that your Plan A gives you the most profits. If you have a plan B, then you will just be waiting for your initial strategy to fail so that you can resort to the better one. Let us think about it. It becomes obvious that the backup strategy must be better than the initial one before it can help us make profits where the first one fails. The question then is why keep the more profitable strategy and trade with the bad one?

Nicely said, aadrika. There is no plan B in trading because everything you want to do or every action you need to take should have its place in Plan A itself. Dont ever think that the market will give you enough time to perform your plan B when your plan A tumbles. Your plan A should have an entry, exit, stop loss, Take profit, rr ratio, hedging if necessary, and most importantly money management.

[muhammadatif]

Yes I have always plan B because plan B is more strategic by using stop loss option, this option helps you to protect yourself from a big loss.

[shinde]

Yes this can be a great Plan B "money backup". Like its always said don't invest all you have in forex, keep something for backup and that backup I think can't be better than keeping some amount as backup.

[shinde]

ji aap nay bilkul sahi kaha, forex trading may plan B ka hona bht zarori hay, baaz traders aesa bhi kertay hain kay agr on ko kisi aik khaas pair may loss ka samna ho to wo foran os pair kay against koi or pair jis ki movement pehlay walay kay opposite ho, os per bhi aik position open ker laytay hain, iss tarah ye onka plan B sabit hota hay.

[shinde]

Looks like you are a millionaire already you wait for your price to come back, till when ? and if you got margin call you make new account ? why. My dear always use stop loss, it will save the rest of your account balance and risk only some percentage of you account. Remember getting margin call will blow you account and you will lose everything but by setting a stop loss will give you a chance to return back with the remaining account balance.

[shinde]

My plan B is to wait for the markets and then trade only when the trend is clear and we are able to see the signals. This is so because we cannot risk of loosing all the capital that we have with us at anytime.

The best thing to do is that we make sure that our backup plan is executed when we make some loss from the Forex markets and thus become ready for the future.

[lax]

You have to monitor your trade while you do hedging as if you close one trade which is loosing trade and thereafter markets reverse both the trades can be lost resulting in double loss.

[twinkling star]

I think k jab ap ko lagay k ap sahi say expert ho gayay hain in trading jab hi ap hedging kerna ka sochain . as is k liyay sahi sa knowlege jaroori hai. ap ko market k ups and downs ka sahi say pata ha tab hi hedging ka sochay. as kisi bhi time market apni position change ker sakti hai so ap ko bhi phir forun sa position close kerni perti ha. and ap ko new position open kerni perti ha.

[ermaniso2011]

some of the traders always throwing some feeds before the fish will come and hoping that the fish will eat the feeds but the fish is very smart it mostly dont eat.this is what is happening for the addicted forex trader :)some of the trader want to see an open position to feel better and even it is not right time then they will open already and wait if wher it will go .then it is the time plans A-Z will come out.mostly that plans are out of control.at the end boom.this is happening to most of the traders like me :)just wait for the right signal and open a reasonable trade.dont try to get rich or double your account with one or two trades.if there is clear signals enter of no signals just patiently wait for any of the pair gives you a signal.so that you will not need so many plans to recover your looses .good luck

[forexman]

i dont have any plan b and really dont understand much about hedging so i will try to close my trades in case of loss and then will again enter into trade and try to recover my losses but i dont use hedging in my trading as i did not find it useful

[zeghbadrahem]

yes i think that when you want to make money you should always put the plan B for me i open the hedge order when i see that the market dont clear and they will go against me

[hsngs14]

i do not like to use this kind of plan mostly i have a lot of plane but every plane on diffrent account and if some account loss the other gain the profit i am using multi strategies .

[tajdarbet]

I often wonder while trading if something goes wrong with my strategy there have to be something that is should adopt to lessened my losses. So, I've come up with this question that Do you guys (traders) have a plan b ?
I have a plan B and its called Hedging. I use it when my trades go against my plan A. It does not protect you from losses but it can maintain your loss at a certain level. You can think of many and select the one that suits you best. Share your plan B.
mere khiyal main to plan b lazmi hona choye kioun k app koi bhi open trade jo ha woh loss main jasakti ha or us ko ovr karne k liye lazmi plan b banaya karain es taran app ka loss kaam ho sakta ha ya phr loss profit main tabdeel ho jata ha

[burayak]

have a plan B that will be executed if plan A has failed it should be done because if traders are doing the OP did not correspond to the initial analysis is to have a plan B then we can decide to cut losses or using SL to keep the accounts of MC and or OP again perform in accordance with the trend going.

[manoj]

Yes, I have also a plan B. if my open position is showing signs of a losing trade I immediately open an opposite position to counter my loses. Actually you might call it hedging. but it is the only way I know how to protect my account. But sometimes it is also a bit risky because the market acts peculiar sometimes..and you never know it goes back to your original position. And you are left with another losing trades.

[manoj]

every traders must use different trading system if dont get success in the current trading system . he must be able to change or modify hi trading system untill he dont get success

[kastur]

I have many plans for different positions and I am always fighting to get success and keep on planning that if this happens then what will I do? so I am ready for all kind of preparation and I am ready for any kind of shock in market so this is how we can become strong traders.

[mohit]

yes i think every trader must have a backup plan in case if your first plan fails , because if you have a back up plan then it will help you to switch on to the next plan and to continue your trading

[adil.iub]

:respect:i think plan b is risky for begainer ,I have a plan B and its called Hedging. I use it when my trades go against my plan A. It does not protect you from losses but it can maintain your loss at a certain level. You can think of many and select the one that suits you best. Share your plan B.

[norix]

:respect:i think plan b is risky for begainer ,I have a plan B and its called Hedging. I use it when my trades go against my plan A. It does not protect you from losses but it can maintain your loss at a certain level. You can think of many and select the one that suits you best. Share your plan B.

plan b?
suppose we have a plan that others in the sense we have of the other strategies when the entry where we do wrong and led to loss, we should use the plan as soon as possible if b Since it is the first step must have failed to step into two
b > headging?

[atif58]

I always put stop loss and it is my plan B. Hedging is so difficult and i never take more risk to hedge the market. Hedging required very high demand of knowledge and analytical skills which comes by time. In initial stages i can not even think of hedging.

[s19]

when i have starting my trading i dont have any b plan for forex after reading this thread i fill the importance of plan b.
now i have plan b.
i withdraw 50% every months. its give me a good feeling that i am getting moeny form forex and i will use it as backup when ever i need.

[gala]

Using hedge is not just simple, it also requires a lot of practice and understanding or market. Your slightest of mistake can cause you to lose on both ends or if market move too much in one direction, then you will become more worried.

[gala]

han ye to lazmi cheez ha forex trading main kioun k ager app ka banaya howa plane ager fail ho raha ho to app plan b jo app ne es condition k liye banaya ho ga us ko apply karo es taran se app kafi achi trading rezuilt le saktey ho

[arihant]

yes i think every trader must have a backup plan in case if your first plan fails , because if you have a back up plan then it will help you to switch on to the next plan and to continue your trading

[fxtenam]

while trading I often surprised to notice that my strategy doesn't works well. On the mean time I think my self that if I had another plan.
From that moment on I just have an alternative plan to reduce the risk.:yahoo:

[adahidayat]

while trading, if my strategy does not work well and i suffer some losses, then i will have an alternate for that...i will make two strategy everytime, one strategy will be a little risky but more profitable, and another plan B strategy, which will be less profitable, but a safe strategy...so i my first strategy does not work well...then i will switch to second plan and trade safely and will not take too much risk...i will just open one or two positions and do hedging...

[alam]

meray kheyal sy yeh boaht he bari bewaqoofi hy ku k apko dekhna chaiye k aap apny balance ko manage kaisy karen gee balky agar ap stoop loss b belive nahi karty to apko bohat feature me apko bohat prblem ho sakti hy or yeh problem apki success me sab sy bari wajha hogi.please control it

[shinde]

well,i dont have any plan exactly like back up plan.Once the trade enters into loss,i again analyse the market and check out whether any possibility of reverse trend.
or else i will close the trade.

[shinde]

yes, you are right,but nothing can be done after we open a trade in market.We can delete the order or modify TP SL values.Maybe we should think of some back up plan if our money is lost in forex.

[nilesh]

I think that we should always be perfect on our decision. If this happens, then there is no worry about plan b. But, according to forex market, anything may happens in future. So, its better to have plan b in forex trading to avoid some sorrows.

[vikas]

plan b can be a very strategised plan with the help of stop loss and hedging coz with these you can atleast avoid chances of making a huge loss, i also use sl now everytime and i m pretty satisfied and also a bit relaxed coz of it while trading.

[vikas]

मैं योजना बी नहीं है जब मैं व्यापार करते हैं. समय के अधिकांश मैं खाते की शेष राशि का प्रबंधन करने में सक्षम नहीं हूँ. यदि खाते की शेष राशि वहाँ नहीं किया जाएगा तो जो आप के लिए योजना बी योजना b बहुत अच्छा विचार है मुझे यह पसंद है है लागू होगा. मैं यह अगली बार में सोचना होगा.

[Abdomhadi]

Of course we should have a plan B because the traders should have in the all time the ability to use an other plan if his startegy of change or trading does not work or they lose in a lot of time .

[miracle]

i don't have plan B, focusing only in one trading strategy i use currently. plan B is only for trader who is not have confident with their own strategy. we should believe and rely our life to that strategy.

[forexbroker123]

I often wonder while trading if something goes wrong with my strategy there have to be something that is should adopt to lessened my losses. So, I've come up with this question that Do you guys (traders) have a plan b ?
I have a plan B and its called Hedging. I use it when my trades go against my plan A. It does not protect you from losses but it can maintain your loss at a certain level. You can think of many and select the one that suits you best. Share your plan B.

plan b han mere khiyal main jo yahan forex traing main hane sab k mind main plan b lazmi he hota ho ga kioun es main ham ko pata ha k kisi bhi time app ki open ki hoie trade loss main ja sakti ha esi liye main to app ko yahi kahoun ga k app es main lazmi plan b rakhain ager app ki open trade loss main jaye to dosrey plan par aamal kar k us ko control kiya jaye

[vikas]

योजना ख बंद करो हानि और कम से कम आप एक बहुत बड़ा नुकसान बनाने की संभावना से बचने कर सकते हैं इन के साथ हेजिंग coz की मदद के साथ एक बहुत ही strategised योजना जा सकता है, मैं भी उपयोग sl अब हर और im बहुत संतुष्ट और भी इसे थोड़ा सा आराम coz जबकि व्यापार.

[miracle]

i have back up plan if there is something happen with my trading. the back up is put more deposit into the acct. i believe good , big acct is good to handle resistant when market come against us.

[niteshforex]

My plan B is to wait for the markets and then trade only when the trend is clear and we are able to see the signals. This is so because we cannot risk of loosing all the capital that we have with us at anytime.

The best thing to do is that we make sure that our backup plan is executed when we make some loss from the Forex markets and thus become ready for the future.

[maryosa]

Plan B is good for trader so if one strategy not work, then the other strategy work for him. Is not good to have only one strategy. If can use more than one strategy for trade then can make more profit.

[Tarek]

I never trader using plan A and plan B, I prepare my strategy and has a single plane, if you create more than one plan, you lose a lot of time, and you will not enter and leave the good for earn a good profit, you must set your plan in SL and TP.

[bambang]

I often wonder while trading if something goes wrong with my strategy there have to be something that is should adopt to lessened my losses. So, I've come up with this question that Do you guys (traders) have a plan b ?
I have a plan B and its called Hedging. I use it when my trades go against my plan A. It does not protect you from losses but it can maintain your loss at a certain level. You can think of many and select the one that suits you best. Share your plan B.
I myself would have a backup plan. I usually trading with scalping strategies in sideway market. If my analysis is wrong, and the price goes the opposite. then I will run my backup strategy, namely martingale. opening the same order but, with lot more. I think this strategy is safe if in sideway market

[iwan]

there must be a backup strategy and I think most traders also have, but if I was actually more likely to secure the capital when I'm wrong and trend analysis to move against the direction of OP as I did earlier. I also did not infrequently direct CL and OP in the direction of the trend.

[xiaotanghao]

As far as I am concerned,I think I do not need a plan B there.I just rely on my analysis alone.My strategy is to trade as my analysis there,when the trend goes against my trendline,I think just close the order there.

[samy124]

Sure, i have a second plan for trading forex. We all know how risky the forex market it and so if you must become a full time forex trader to live by the profits from their tradings, then you must develope a second plan incase there is a loss.

[lgarhboularbah]

yes i do and the plan "B" for me is just to convince with what happen to my account and keep trade with the same strategy i think that this is the best way for us to get success ibn teh forex market

[kaji]

in forex trade I do not like doing hadging,I prefer to close the trade if I am convinced that my initial prediction is totally wrong.but I have two accounts and if I doubt the first prediction and did not get a strong signal after the first of my predictions wrong, then I open the position again in my other account in the opposite direction.This I do because I do not like being in a floating position for too long....

[examin]

Do You Always have Plan B?

I often wonder while trading if something goes wrong with my strategy there have to be something that is should adopt to lessened my losses. So, I've come up with this question that Do you guys (traders) have a plan b ?
I have a plan B and its called Hedging. I use it when my trades go against my plan A. It does not protect you from losses but it can maintain your loss at a certain level. You can think of many and select the one that suits you best. Share your plan B.
plan B in forex does not enough you can make a plans from A to Z and it will be not enough because forex have a lot of prospect and you can lose in all the plans that you do.

[siddesh]

since i know that market has it own kinds of movement, i'm already making several type of EA that can be run alternately, so when the market moves sideways, it's time to use martingale system, when the market going to be a trending, using a scalping is the right option, and so on, each moment has it's own plan. so i guess i'm not only having plan b right?

[krishan]

योजना ख बंद करो हानि और कम से कम आप एक बहुत बड़ा नुकसान बनाने की संभावना से बचने कर सकते हैं इन के साथ हेजिंग coz की मदद के साथ एक बहुत ही strategised योजना जा सकता है, मैं भी उपयोग sl अब हर और im बहुत संतुष्ट और भी इसे थोड़ा सा आराम coz जबकि व्यापार.

[krishan]

मैं योजना बी नहीं है, जबकि मैं व्यापार. समय के अधिकांश मैं खाते की शेष राशि का प्रबंधन करने में सक्षम नहीं हूँ. यदि खाते की शेष राशि वहाँ नहीं किया जाएगा तो जो आप के लिए योजना बी योजना b बहुत अच्छा विचार है मुझे यह पसंद है है लागू होगा. मैं यह अगली बार में सोचना होगा.

[lgarhboularbah]

plan b can be a very strategised plan with the help of stop loss and hedging coz with these you can atleast avoid chances of making a huge loss, i also use sl now everytime and i m pretty satisfied and also a bit relaxed coz of it while trading.

yes you are right i think that the plan b for me is just the hedge i mean that when i open deal and i am going to lose i open the hedge of the deal and wait till the next good signale ..here i will close the bad deal and let the other till recover all the lost

[anubhavsingh]

I dont have back up plan when I was in the forex loss. I just had to stop a while and stay away from forex, to refresh my mind. My way to cover the loss usually stops trading, because if the mind is stressed, open positions are not good.

me hamesha koshish karta hon ki plan B leke chalu kyunki forex market me kab trend badal jaye ye pata lagana bahut mushkil ho jata hai..isliye har trader ko salah di jati hai ki usse plan B leke bhi chalna chahaiye taki agar trend uski study se alag jata hai to bhi wo kuch na kuch karke apna loss kam se kam akr sake aur profit bada sake

[zher_albanfsij]

It does not matter what kind of plans, as long as they plan written and well thought out carefully. There are a lot of plans that you can use ready-made, or you can put your plan. But make sure to try the plan in a default account before you spend real money in it. Do not try and plan for a week or two weeks only and then you do adoption.

[krishan]

yes, you are right,but nothing can be done after we open a trade in market.We can delete the order or modify TP SL values.Maybe we should think of some back up plan if our money is lost in forex.

[krishan]

well,i dont have any plan exactly like back up plan.Once the trade enters into loss,i again analyse the market and check out whether any possibility of reverse trend.
or else i will close the trade.

[theboy2226]

i do not have a plan B because i am kind of a beginner and i do not have enough experience yet to come up with a plan B but when i lose money what i do is try to cover it or at least half of it (i try not to be greedy) and if i lose again i just sop trading for the rest of the day and try the day after maybe my luck will change

[malik83]

when i am trading in forex market then my best try to avoid plan B and always try to improve my strategy and experience for better trading but some time market trend is not adjusted with your trading so i prefer plan B secondary.

[raka999]

I do not have a plan B for sure. it all depends on the condition that occurred. if it's the wrong position, I would have to cut loss at a certain level. I do not like avereging, because it will add to the problem. because it would be very difficult to release it.

[fxquest]

It is good idea that we should be prepared for worst situation, it happen many times that my trades are in loss so neither i can close those nor i can open new trades to cover losses due to lesser margin, for such situations i am ready with another account and even if my account is stuck on getting another good opportunity i use the second account to reap profits.

[krishan]

योजना ख बंद करो हानि और कम से कम आप एक बहुत बड़ा नुकसान बनाने की संभावना से बचने कर सकते हैं इन के साथ हेजिंग coz की मदद के साथ एक बहुत ही strategised योजना जा सकता है, मैं भी उपयोग sl अब हर और im बहुत संतुष्ट और भी इसे थोड़ा सा आराम coz जबकि व्यापार.

[amit]

Mera plan b tu mostly ak different strategy hoti hy us sy jo ma use kr raha hota hn, i think jyada log plan b ko b sath ly k chlty hen but jo experts hen unka plan A itna strong hota hy k plan b ki jarorat nhi hoti.

[sasmita11]

Yes i have always a plan B.although always plan b is sometimes called ringing it.
Realistically theirs something to be said for occasional just going with the moment in the moment your info is more up to date
than a plan made 5 minutes previous something to think about.

[sunil]

jo bhi trader stop loss me bharosa nahi rakhte unke liye forex me trading karna bahut mushkil ho jata hai kyunki forex me stop loss laga ke trading karna bahut hi zaruri hissa hota hai money management ka aur traders isko thik se use karte hai to unke account ke liye bahut ho faydemand hota hai aur unko kabhi bhi margin call nahi lagti

[chirayu]

Using hedge is not just simple, it also requires a lot of practice and understanding or market. Your slightest of mistake can cause you to lose on both ends or if market move too much in one direction, then you will become more worried.

[netra]

Mera plan b tu mostly ak different strategy hoti hy us sy jo ma use kr raha hota hn, i think jyada log plan b ko b sath ly k chlty hen but jo experts hen unka plan A itna strong hota hy k plan b ki jarorat nhi hoti.

[lode]

It is good idea that we should be prepared for worst situation, it happen many times that my trades are in loss so neither i can close those nor i can open new trades to cover losses due to lesser margin, for such situations i am ready with another account and even if my account is stuck on getting another good opportunity i use the second account to reap profits.
hhhhe that is funny i do not think that it is just by B plan i have many plan to forex trading and i have some fear to failed with all my plan we have to make many plan and many prospect for our trading to be sure we get profit and save the capital.

[ken arok]

we must have a trading plan is realistic. The traders who take training before the start Forex trading. They must be get success in mean time because they have a basic good training. Demo account is work exact like the live account so we seek the raise and fall about currency market and other things which is important.

[hemaabdo]

the second plan range between using the hedge of closing the order and wait the most closed chance to make order it is depend on if the price will correct the direction so use the hedge and if it continue in opposite wanted direction and exceed certain limit close the order and wait to closed chances

[bestlooser]

I have a main strategy to trade with which I use normally and then I have a plan b which I use after a couple of consecutive losses which is rarely anyway. But as I trade with my main strategy with 1:2 ratio and when I am in profit I consider that profit to be floating for a couple of next trades so that I never have to put any money from my balance on the stake.
forex is never same all the time and there are not much limitations and you just have to go with the market where it goes. so you just have to have so many back up plans ready for all kind of situations and you really have to be active as trader because market can be quick at times and you also have to be quick.

[forexpips]

Yes i have always ready for it i always use ref feral account because when i go for loss then i close but i got some in my another referral account means i got bonus in this account so i am always in profit. i always use stop loss .:good:

[sinaga]

in my trading has no plans for a second one. I only believe in the original plan which I apply. If the plan fails I'll accept it because it is a risk in the trade. but I will also be pressing as small as possible failure rates

[andhwrey]

I have but only sometimes,in many cases i just makes one plan and accept if there are will going opposite than i expect,
but i learn to makes other plan to reduce my loss or maximize my profit in next

[gemmy]

i think if you are working on only one plan , you may face alot of obstacles and problem , as it is risky business you should always be ready for any unexpected results you may have , so another plans are needed .

[pipsurfer]

I often wonder while trading if something goes wrong with my strategy there have to be something that is should adopt to lessened my losses. So, I've come up with this question that Do you guys (traders) have a plan b ?
I have a plan B and its called Hedging. I use it when my trades go against my plan A. It does not protect you from losses but it can maintain your loss at a certain level. You can think of many and select the one that suits you best. Share your plan B.

plan B is good, but it require a constant watch n the chart, so i didn't use any plan B since i'm a part time trader and don't have enough time and energy to watch the chart always if i have open trade
i just trust it to my SL and TP, and accept the outcome, and of course evaluate every losses

[herono1]

Forex trading is a mind game and better for every trader to get the profit in trading forex to make a best planning and use the best strategy because best planning always display the good result in profit.

[anubhavsingh]

Forex trading is a mind game and better for every trader to get the profit in trading forex to make a best planning and use the best strategy because best planning always display the good result in profit.

forex trading me trader ki strategy juitni zada achi hogi usse utna hi zada profit milega kyunki forex me paisa kamane ke liye trader ko acha plan hona bahut zaruri hai
agar aapki strategy achi nahi hai lekin aapke pas paisa hai tab bhi aap forex se paisa nahi kama payenege..paisa kamane kel iye strategy aur plan hona bahut zaruri haiu

[bestlooser]

Forex trading is a mind game and better for every trader to get the profit in trading forex to make a best planning and use the best strategy because best planning always display the good result in profit.
just see and try to predict the future and just think all the possibilities in future and what will you do in what situation and then you can make a plan and you also have to consider when you will be in loss then what will be your plan.

[vineet]

Mujhay naheen lagat kay koi bhui trade trade kay doraan apna plan ko change kar kay kuch faida lay sakta hay. Ye forex market hay koi cricket ka medan naheen jahan aap jab chahiye plan badal lo. Aap ko yahan plan change karny ki keemat chukana parrte ha

[raka999]

just see and try to predict the future and just think all the possibilities in future and what will you do in what situation and then you can make a plan and you also have to consider when you will be in loss then what will be your plan.
it is often not thought of before. often we only focus on profit, without even thinking about the risk that we can experience. I always tried to discipline in reducing the risk that happening. of them, I always use a stop loss in every position that I created.

[bestlooser]

this mean you have a plan and certainly must be know how much you buying and what can happen in what situation? because if you just enter position without experience then you can be surprise at times whats happening so just be aware of the market situations.

[teje]

B plan or strategy that I do is averaging but when prices move away from the OP that I do as much as 500 pips, so I only use 4% of the total margin that I have and I will mengguanakan 2% more than my margin to perform averaging and total margin that I use is 6% ...

[harshbh]

its always convinient to have a PLAN B... back up plan is never worthless... once u have lost smthing (i wish u dnt ever see tht loss), but still if u have any loss, plan B makes it mild and tries to mediate the impact...

[mashrufa]

every time plan is profit but sometime plan did not work. situation create plan so some time plan its not help full.this time god handle.

[anubhavsingh]

i have a plan be.. but sometimes it doesn't seem right to use plan b... stick to your plan a ... it'll make more profit.. don't want to take revenge... it may ruined you... best of luck! :) happy trading...

me jab bhi trading karta hon to poori study ke stah hi akrta hon aur yahi koshish karta hon ki mera plan A hi safal ho ajye aur mujhe plan B ki zarurat na pade
lekin fir bhi me dusra plan leke chalta hon taki agar pehla plan fail ho jaye to me apne account ko bacha ke rakh saku..har trader ko yahi soch ke trading karni chahaiye kyunki market ko ekdum sahi predict karna bahut hi mushkil hota hai

[tarun2305]

mer aplan b ye hai ki volume badha to trade ka agar loss me ja rhe ho aur market ki hi direction me volume badh kar trade karoge bahut jaldi se loss kam hpga
bas ek cheez ka dhyan rakhna hai ki trade ko jaldi close karna padega warna loss aur badh jayega

[vineet]

yes you are right i think that the plan b for me is just the hedge i mean that when i open deal and i am going to lose i open the hedge of the deal and wait till the next good signale ..here i will close the bad deal and let the other till recover all the lost

[narendra]

yes i do and the plan "B" for me is just to convince with what happen to my account and keep trade with the same strategy i think that this is the best way for us to get success ibn teh forex market

[neworder555]

yes it is very important to have plan b in our trading
i am also use heading in my trade when the pair going against my analysis
but i do that from strong point that i think i will can fix this heading from it safely in the future
and may sometime use stop loss and put it at strong support or resistance

[aryan]

my plan b is always written in top of my screen, so i can always able to read it whenever i'm in trouble positions. writing this note help me to think more clearly and objective about things i have to do in just short time.

[vineet]

since i know that market has it own kinds of movement, i'm already making several type of EA that can be run alternately, so when the market moves sideways, it's time to use martingale system, when the market going to be a trending, using a scalping is the right option, and so on, each moment has it's own plan. so i guess i'm not only having plan b right?

[donofforex]

I often wonder while trading if something goes wrong with my strategy there have to be something that is should adopt to lessened my losses. So, I've come up with this question that Do you guys (traders) have a plan b ?
I have a plan B and its called Hedging. I use it when my trades go against my plan A. It does not protect you from losses but it can maintain your loss at a certain level. You can think of many and select the one that suits you best. Share your plan B.

han forex trader k liye lazmi ha k woh apne main plan k sath sath koi plan b bhi rakhey kioun k mugh ko pata ha k jab app ka plan wrong side par ja raha ho to phr app plan b par aamal kar k us ko control kar saktey ho

[ezincenter]

I don't have a plan B only but I have many plans in my head when I am in a trade hh, one of my plans is when I am in wining trade I protect my earning by placing a trailing stop or either I open another position.

[Abdo22]

It There's always plan B and my plan is to wait for markets to trade is clear and when we are able to see the signals. This is so because we can not risk losing all the capital that we have with us.

[over580]

Every successful trader should have a plan B in case run counter to the trend for the Rescue of capital , I sometimes use it disrupts the hedging transaction and gives me more time to successfully Complete

[vineet]

mere pass koi plan b nahi hai.
mera balanc or profit jyda nhi hai so koi bi b plan plan ni kiya hai. ha lekin jab main forex se acha profit kamane laguga tab me b plan jarur banauga.
kuch pesaa backup k liye rkha kaurga.

[patil]

hello bhai plan B mean?
main iske bare mein janna chahta hoon so please mere ko iske bare mein batana ye plane B ka full mean kya hai? i m confuse

[amit]

meray kheyal sy yeh boaht he bari bewaqoofi hy ku k apko dekhna chaiye k aap apny balance ko manage kaisy karen gee balky agar ap stoop loss b belive nahi karty to apko bohat feature me apko bohat prblem ho sakti hy or yeh problem apki success me sab sy bari wajha hogi.please control it

[kameeelforex]

I often wonder while trading if something goes wrong with my strategy there have to be something that is should adopt to lessened my losses. So, I've come up with this question that Do you guys (traders) have a plan b ?
I have a plan B and its called Hedging. I use it when my trades go against my plan A. It does not protect you from losses but it can maintain your loss at a certain level. You can think of many and select the one that suits you best. Share your plan B.
han forex trading main app ko lazmi sath plan b rakhna chiye kioun k main bhi ye rakhta houn ager app kii peheli planing fail ho jaye to phr app ko dosre plan par aamal kar k apne loss ko recober kar lena chiye ye zarori ha forex main

[bestlooser]

forex is all about planing for me because you just have to see the future where a price of currency pair can go? so you just have to plan if it go up then what you will do and if it goes down what you can do then and so you have to be good planner and if one plan fails then you must have other plans ready.

[sagar]

Right while hedging money in forex we should keep watching orders as markets can reverse and can make you profit trade lose and we can avboid using that strategy.

[anitagala124]

There is no plan b there is only one plan we can use while trading.Using many plans and changing plan can make you confuse and it can affects your trading behavior.

[amit]

yes you are right i think that the plan b for me is just the hedge i mean that when i open deal and i am going to lose i open the hedge of the deal and wait till the next good signale ..here i will close the bad deal and let the other till recover all the lost

[jai]

yes i do and the plan "B" for me is just to convince with what happen to my account and keep trade with the same strategy i think that this is the best way for us to get success ibn teh forex market

[sagar]

I do not have plan B while i trade. Most of the time i am not able to manage the balance of the account. If account balance will not be there then to which you will apply the plan B. Plan B is very good idea i like it. i will think it next time.

[Marcs]

For me if my current open position is showing signs of a losing trade I immediately open an opposite position to counter my loses. Actually you might call it hedging. but it is the only way I know how to protect my account....

[jai]

yes,of course and its a must for everyone who trades as at any position your main plan may miss and you can fall into deep trouble and in this condition,if you are having an alternative,its best to get rid off such odd situations of the market with little hard work and positive feeling.

[Marcs]

for me i have also a plan B. if my open position is showing signs of a losing trade I immediately open an opposite position to counter my loses. Actually you might call it hedging...

[bestlooser]

for me i have also a plan B. if my open position is showing signs of a losing trade I immediately open an opposite position to counter my loses. Actually you might call it hedging...

well I hope you get profit in this way but you have to be patient I guess and better to wait if you have amount in back up and you must not be defensive and go positive and if prices are going against you it can be back straight away so that mean you are not confident and you opening more position after loss. so better you have a simple plan that can work.

[norix]

if you don't have a plan be sure that you will not reach any goal and you will never succeed ,, to have a plan is the first thing that you should study and trying to apply it not just in the forex market but in your life in geraal , and in trading " plan your trade and trade your plan

We also plan on sisni always clear, suppose that the first plan fails we must immediately make a plan b, because of other contributing factors could have got a hard impact on the trade market regards

[got2luvyou25]

yes,of course and its a must for everyone who trades as at any position your main plan may miss and you can fall into deep trouble and in this condition,if you are having an alternative,its best to get rid off such odd situations of the market with little hard work and positive feeling.
jeb kisi trader ki koi positons wrong cheli jati ha so i think us k leye better yehe hoga k to wo apni positosn ko hedge ker dey , jeb haim positions ko hedge ker leen gein to aik faisa ye hoga k hum aik or chance mil sekta ha k hum apne loss ko reocover ker leen

[anubhavsingh]

jeb kisi trader ki koi positons wrong cheli jati ha so i think us k leye better yehe hoga k to wo apni positosn ko hedge ker dey , jeb haim positions ko hedge ker leen gein to aik faisa ye hoga k hum aik or chance mil sekta ha k hum apne loss ko reocover ker leen

me apki strategy se bilklul bhi sehmat nahi hon kyunki mujhe lagta hai ki hedging har trader ke bas ki bat nahi hai
aur rahi position ulta jane ki, to aise cases me aapko stop loss laga ke rakhan chahiye jisse ki position ulti jane ke bad close ho jaye aur uske baad ap fir se trading pe dhyan de sae na ki hedge karke apni dono position ko fasa ke market me uljhe rahe

[anchitkole]

It is good idea that we should be prepared for worst situation, it happen many times that my trades are in loss so neither i can close those nor i can open new trades to cover losses due to lesser margin, for such situations i am ready with another account and even if my account is stuck on getting another good opportunity i use the second account to reap profits.

[dimdim]

plan B is placing stop loss, for me, it is roughly 20 to 50 pips. i never place over that because it is just too far away. it is quite hard to determine the best location to place the stop losss in. if you place it too close to the current price, you may risk hitting the SL really soon. if you place it very far away, your losses are also quite high as well.

[anchitkole]

I do not have a plan B for sure. it all depends on the condition that occurred. if it's the wrong position, I would have to cut loss at a certain level. I do not like avereging, because it will add to the problem. because it would be very difficult to release it.