Do You Always have Plan B?

having a plan b can be of great help. as easy as it sounds it is not that easy to always execute a plan and also get the desired results. so having a plan b is important as we can ensure that we dont lose and that we can profit from our tradings.

plan B is a part form plan A but I don't have a separate strategy B it is a good Idea to have a one but I still making a plan A and after finishing it I will try to find a B

me apki strategy se bilklul bhi sehmat nahi hon kyunki mujhe lagta hai ki hedging har trader ke bas ki bat nahi hai
aur rahi position ulta jane ki, to aise cases me aapko stop loss laga ke rakhan chahiye jisse ki position ulti jane ke bad close ho jaye aur uske baad ap fir se trading pe dhyan de sae na ki hedge karke apni dono position ko fasa ke market

think good traders will always have many options so just give your self options and make it simple.best thing to do is thaey make sure that our backup plan is executed when we make some loss from the Forex markets and thus become ready for the future.

Yes i also have plan B during my trade but i use this very few times in my trade because my plan A is very good for me and i am getting very good result from this, i think i can continue this to get profit but if i see that my plan A is not working then i use plan B.

In my opinion a good trading strategy always contains a plan B and in my view the hedging is not the plan B,the plan B is basically the proper use of the stop loss and the take profits.The hedging should be used as a last resort to save the accounts from draw downs.the more calculated we try to trade including the setting of these parameters the more are the chances that we will get good results in the trading.

of course I have plan B. but this plan is going wrong with my strategy because it can't reduce losses. as a result I am now using hedging so that my trade goes according to me. and it can resist my losses and occur profit.

Quote:

---

Originally Posted by munim041

if your strategy doesn't work,then you want try to trade.at first try to understand which is the reason of your loss and try to recover the problem then trade again.

---

yes you are right, if we already have a strategy, and we have failed with our strategy, we must be willing to make corrections and fix our mistakes, and do not continue the trade before you get a solution to your error.

everyone needs to have a plan B. because we can't know where the markets well be against us.
for me I have a plan B and C. as having another capital in cash for starting again if I lost my initial capital.

i never had any thing like plan B but i good to have any thing like plan b but it should be like a good plan to make good profit .hope this help