Do You Always have Plan B?

[m16kamran]

yes. when I shut on my computer and see the news and data available . than I male my own analysis and compare it with experts analysis. than I make two plans . one for taking profit at specific point. and either for stopping loss at my defined point. so in case if my trades become opposite than I am in small loss. this is my plan b in each trade .

[dridinho10]

The type to go against fate. No, I was passing, it should take its course.
And with regards to the plan trader - always expose the stop loss and never carry them in a big minus. It is necessary to trim losses in time. Every trader has losing trades. All we ever make mistakes and wrong on a major.

[mahmed051198]

I think everybody must have plan B. But First you should fully concentrate on your plan A. If you have fear in you heart then it means that you have already seen half of the failure. So you should be very confident and brave enough to bear the loss and never give up. Try your best to make your first plan a successful one.

[traderfreetime]

you have to be more confirmed in case of this kind of trading and you also have to stick on your PC always. otherwise you could lose by either trade. better you accept the losses and make a better analysis and strateg

[noman9t8]

yes i have plan for my every day trade i make plan and i want to make every day but it not possible for every trader and i think i am not loss big amount for this am saying doing plan is the best for all trader without plan you can not do this

[mahmed051198]

Do You Always have Plan B?

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, Do you guys have plan b??

[SunnyGB]

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.

Yea i always have plane B in forex. it is must here.

[shawon02]

fx you must have a variety approach and you should complete whatever you decide to can certainly a great number of situations wil lcome and so you must have approach Some sort of, m or maybe approach G possibly. the suitable strategy for people seeing that you may not have the capacity to cope with ones hedge trading adequately in addition to struggling with burning in excess of benefit. This can be a incredibly containing approach if you have beneficial experience of market price steps.

[brand]

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 brother, even tough we dont have any plan in trade, we still can make money. That sometimes called "luck". But sure, we cannot depend on luck only. So thats why, we need a proper planning and strategy to be able to make the profit, continous, trading plan is not difficult to make but difficult merchants is how we as traders execute a trading plan is not an easy thing to do at the trade show that we worked so hard to run any trading plan that you have to provide learning and training waltu more in running the trading plan

[nini]

it's right action that many of us ought to ready for worst situation, it happen persistently that my trades are really in loss therefore neither i will shut those nor i will open new trades to firmly cover losses because of lesser margin, for such things i'm willing with another account and no matter if my account is stuck on obtaining another smart chance i exploit the second account to firmly reap profits.