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:
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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:
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...
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
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.
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.
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.
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.
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.
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 .
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.