Do You Always have Plan B?

A succesful strategy should have a back up plan or say plan B. It ensure that in times of crisis or when something goes wrong you still have the means to survive in forex market and can come out of any losses if occurred. This may be by way of having another account where funds are loaded but you dont touch it until it is emergency or any other similar means.

If you are thinking about alternative plans, that means you are thinking about alternative positions. It is like that, if a trade go against you you should be ready with you counter position with that if a buy go against you and hit the stop loss the sell will automatically take off from the terminal.

I think myself as a smart person and my activities should show the smartness also. I always have plan B , plan C, plan D or plan E. But the plan A comes out always to be perfect and other plans are not needed to be used.

I opine if you are mitigated in your one counseling the do not try to change it again and again as it may break your tradings. if you want to difference your project then use it in demonstrate archetypal. I always try to adhere to exclusive one arrangement

i think that plan B can not applied always. when i see that the market condition is not so good then i use the plan B. i think that plan B plays a vital role in this trading market.

I have a target of B, when the target of A is not going well. because a lot of possibilities that will happen, we must be ready when it is in a difficult situation, we must get out of pressure. so that we can analyze with good.

Instead of plan B i try to patient and never give up. No matter what happend, I 'm still learning and trading.
So i guess this is my Plan B - I try to learn from my mistakes.

Every trader should have a trading plan B, so that when plan A failed we can immediately apply plan B.
If we don't have a backup plan, our account may got margin call when there is some error or mistake in our analysis.

having plan b is needed for you to decrease the loss of your profit. Using this minimize your loss and giving you knowldege in doing this business

i think you are saying that open an opposite trade or hedge.Both are not good in my view for hedging we have to pay spreads and our working capital is also used and for other it is also not good.