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Well my dear of course I do believe 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.
Do You Always have Plan B?
and futures. If I cannot protect my capital by taking positive action either
before or when a market moves adversely, as opposed to the simple supine
action of willy-nilly accepting a loss, I see no reason whatever to trade in
Planning is very important in forex, and as a trader it takes some planning, because the trade can also occur several possibilities. so I think it is necessary for traders to plan B. so when any condition that occurs in the trade, can still make decisions appropriately. and the trader should always be disciplined by the plan.Quote:
Originally Posted by sana_iiml
Do You Always have Plan B?
and the relation in the price of the two assets may itself change adversely
over time for a wide variety of reasons.
From the standpoint of flexibility, the pure asset trader is similar to a
Main hamesha ek hi plan ke sath mein trading karta hoon, kabhi koi plab B nahi banaya hai bhai, main yaha par ek order place karke usmein stop loss aur take profits daal kar chor deta hoon bhai. :)
Forex ke business me hu ek hi plane ke sath Kaam kiya hai yaha par kabhi bhi plan change nahi ki hai lekin yaha par business me bahut such samjhkar Kaam karni hogi aur hard work bhi karni hogi uske baad hi achha kar sakte hai.
yaha par trader ko ek hi plan lekar chalna chahiye aur ache se kaam karna chahiye apne plan ke sath chalna sahi rehta hai aur hard work humesha karna chahiye trading mai jyada risk lekar kaam nahi karna chahiye kaam risk par kaam karna sahi rehta haiQuote:
Originally Posted by sayinifx
Aksar trader yai sochta hai k jab us ko loss ho jaye ga to wo next kia kry ga kio k humy nhi pata hota hai k is mai agly pal kia hony wala hai hum is field mai jab kam krty hain to bhut hi soch samjh krchalna prta hai hamary pass jab tak koi plan nhi ho ga tab tak kuch nhi ho sakta hai...
I think we do need a good solid plan to get success in trading and if we have alternate plan then it would be more better and I think we need to understand that with a solid plan we can make good money and an alternate plan helps to save us at bad trading.
hanji forex trader ke paas yahan plan b tabhi ho sakta hai agar wo yahan experience market ka rakhta ho,trader ko ess business me sabb achhe se samajhna hoga,trader yahan achhe se analysis karta hai to uske baad he wo yahan achha kar sakenga..