Do You Always have Plan B?

[shimul992]

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.

this plan b can be a very strategised plan with the help of stop loss and hedging coz with these you can atleast avoid chances of making a huge loss, i also use sl now everytime and i m pretty satisfied and also a bit relaxed cause of it while trading.

[got2luvyou25]

no i dont have any b plan, i just wait for my price to come back and if i got margin call then i make new account and start again ,never give up baby

well see dude ager apke pass plan b nahi ha to market main recklessly trader ker rehe ho or jeb tek ap serious ho ker trade nahi kero gey to teb apo market main khud ko winner nahi bana sektey

[mohosin]

I don't know what is plan b? How can I do this plan and how it can be effective.

[Awaischamp]

g han mary pass hamasha plan b hota hai mujy pata hota hai k kabi b mujy loss ho sakta hai lakin main apny plan b use kr k loss sy safe rahta hon aur acha earn krta hon

[nonprado]

plan b can be a very strategised plan with the help of stop loss and hedging coz with these you can atleast avoid chances of making a huge loss, i also use sl now everytime and i m pretty satisfied and also a bit relaxed coz of it while trading.

If you are a beginner, the coverage is not the right strategy for you that you might not be able to manage your hedges and properly deal with the loss of more profit. This provides significant performance for those who have good experience of the market price action.

[Pereira]

it is a good idea to have a plan B , to be on the standby mode . if your A strategy fail, you quickly switch to plan B , that doesn't means that you will trade with two strategies it is only one at a time

[nurhidayah]

All of we know that people make only one plan to get his success. The successful person not only make one plan but also make other plan. when plan a is not possible they use plan b.

plan that is tailored to the trade rules that we will make as a process that we can understand and live with some decent trading rules to we get to our understanding of the rules themselves with the procedures we live with every procedure that we think is safe

[mdkhan]

All of we know that people make only one plan to get his success. The successful person not only make one plan but also make other plan. when plan a is not possible they use plan b.

[sunnyboy]

Hedging ak achi strategy hy but ic ko apply kernay sy pehly market ki situation ko daikhna perta hai, agr to apko clear idea ho jaye k trend ab change ho raha hai to apko chahay apni open position ko close ker k trend ki direction main new position ko open krain but agr aisa nahi hai to hedging apply krnay main koi problem nahi hai

[persie]

Preparation for the loss is very important in Forex trading if we prepared loss then we face can't loss but if we make good planer and adopted stop losing strategy then it is batter for all newbie