Do You Always have Plan B?

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Originally Posted by 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.

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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

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.

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.

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.

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.

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.

Quote:

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Originally Posted by 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.

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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

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.

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.

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.