You can not miss to have a plan B just incase plan A fails. Without Plan B you can be stranded. You should rely on the strategy that works for you well well but have another one incase one fails.
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You can not miss to have a plan B just incase plan A fails. Without Plan B you can be stranded. You should rely on the strategy that works for you well well but have another one incase one fails.
forex trading is uncertain market and it be change at time so you should must have a pla b and the best way to protect your account from the loss is to set stop loss if it goes agaist you then it will stop on the point you have set. the second way is to hedge you trade if you hope that the trend will reverse.
yaha par trader agar ache se kaam karta hai planning ke sath trading karta hai trader yaha se trading karke acha kama pata hai yaha par trade tabhi acha kama nahi pate hai wo galati karte haiQuote:
Originally Posted by dareking
Ji nahi dear mai kabhi bhi plan b ke bare me nahi sochta hu mai hamesa kevel ek hi plan per kam karta hu aur mujhe yah trust hai ki mai usme kabhi na kabhi jarur kamyab ho sakta hu kyoki jab hamare experience dhire dhire high hoga tab hame success bhi jarur milegi.Quote:
Originally Posted by azhar
I do not need plan B in my trading. Some traders loves to have a few trading plan, but for me, have many trading plan at the same times will makes me confuse and hard to be consistent also. I think trading with one plan is good enough. Trading with one plan can help me to make easier trading and make more profit
A business man must have a several amount of plans. When one got crashed then other plan will be activated. This trick makes the business more secure and more comfortable. Using all those plan must have a well planned.
Trader need good plan because when they follow their plan that is very useful for them. I think trader need to follow their plan properly because only then profit come. but some time traders plan cant work properly then they need plan B and if they have that is very good for trader.
plan b could be a very strategised plan using the assist of stop loss and hedging coz with one of these u can atleast prevent chances of making a large loss, i also make use of stope lose currently everytime and i m fairly happy and also a little tad calm coz of this whilst trading.
bhai ji galti karne se earn nahi kiya ja sakta hai,esme trader ko apna galti dekhna hoga aur market me hamesha plan ke saat he kaam karna chahiye,trader achhe se sabb samjhenga to uske baad he wo ess business me achha kar sakenga..Quote:
Originally Posted by shribalajimaharaj
Everyone will have a plan B if you are unfortunate. It also occurred to me at the time of floating very much on my account. Maybe you do will do cutloss. but you can do it this way by using the averaging method and also hedging that way I'm sure we'll be able to get results and avoid a lot of loss that much if we all make it's way to the correct trading. My advice to those who want to use this method you should use a good Money Management.