Do You Always have Plan B?

[aliakram]

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.

[amine856]

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[khan44]

Aap ek kameyab trader tabhi ban saktay hain jab aap kay pass trading kernay kay ek say zeyada plans hoon agar trading kertay waqat ek plan kaam na keray tou dusra palan use kery jay.

[zam]

Yes I do have an inspiration B which suggests a distinct strategy just in case a trade goes wrong or there are unsure market conditions or throughout times once trend isn't clear.So a merchandiser ought to have associate other set up in mind just in case of an emergency.For example one will use Hedging just in case of a nasty trade or unsure market conditions.

My plan B is using stop loss. Using stop loss on our order will keep our account more safe from bigger loss. In forex trading we should manage our risk using stop loss and money management rules

[muskan]

Kabil trader ki yeh nishani hoti hay keh jab bhee woh market main trading kerta hay tou us kay bass plan B bhee hota hay agar plan A kaam na keray tou woh dusra plan use kerta hay.

[fx4profit]

Yes I do have an inspiration B which suggests a distinct strategy just in case a trade goes wrong or there are unsure market conditions or throughout times once trend isn't clear.So a merchandiser ought to have associate other set up in mind just in case of an emergency.For example one will use Hedging just in case of a nasty trade or unsure market conditions.

[kowalsky1988]

yes i always have a backup plan

for example, when I do open the second position will be different then the lot may be a little large or when I want to determine the TP or SL is my backup plan if there is something related to my first entry position

persiapakan so your best plan because no one knows where the price will be and where

[submarinepirate]

not i dont have plan B With the advent of online Forex trading investing, at one point of time right from the comfort and convenience of your home. Unlike the stock market, the forex trading market never closes. you can do forex trading anytime and from anywhere. Further, you can make investment in forex markets of different countries, with different time zones,

[dady420]

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.

[gustileuser]

I am sorry until now no other plans in this forex trading. I am still trying to learn forex trading knowledge base that I can to understand forex well. but if any of my friends here who have advice and knowledge about this I am very happy, this could add to the knowledge I have now. thanks in advance.......