Do You Always have Plan B?
Quote:
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.
No dear brother I don't have plan B every time because I do trade with complete information and knowledge about the business. Business is not doing only on speculations there must be clear trading stretagy. But some time we make plan B for doing further move in trading. So there is not every time plan B