Do You Always have Plan B?

[irfankhan640]

Yes Plan B is very useful In Forex if you are loosing in Forex so you must have a plan to get out of the trade.

[salati]

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.

hi friends,

obviously , Then we should always move to plan "B" because Its better to analyze the faults in plan A if we fail in that. We should always upgrade our strategy not to find another one. That strategy should suits

[mcceducation]

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 i cannot use plan b because i am all ways use the stop loss so all time the stop loss protect my present capital so no need to plan B.

[solidperson]

yes i have always plan B ..and i think we all should having the plan B which should be as back up money ..i think we need to invest only 40% of our money for the first time and when we are seeing huge loss or having critical moment that time we should use our rest of money and active our plan B

[rpi85_fx]

Yes I always like the plan B.I think that this is the great back support in forex trading business.plan B always support us for back up.I also think that its sweet able/helpful for bigger account.I think that plan B should not use by the small account.

[surip]

My plan is a plan B for the unexpected, when entering the market is not as expected then I use plan B, so it was an emergency we can still trading and profit, although it is very risky, so we must always be vigilant when executing transaction

correct sir, it must be associated with everything we have planned to make a profit purely, with many plans we would have to push up any losses ever experienced but I think it� it takes a lot of money

[kaia]

Of course plan B that should always exist, it is one way to solve the problem if we face a problem that can not be resolved with plan A. Due to changing market situations tend to change, it is recommended as a trader we must be more vigilant.

[norix]

plan b can be a actual strategised plan with the advice of stop accident and ambiguity coz with these you can atleast abstain affairs of authoritative a huge loss, i aswell use sl now everytime and i m appealing annoyed and aswell a bit airy because of it while trading.

My plan is a plan B for the unexpected, when entering the market is not as expected then I use plan B, so it was an emergency we can still trading and profit, although it is very risky, so we must always be vigilant when executing transaction

[gandha]

i do have a plan B and i call it as the rescue plan and that is very essential because you do not just close the bad trades rather you rescue them so that you have the balance of the loss

all traders should have to have a second plan, this is done after we have open positions
how many pips targets that we will reach, and how many pips loss that will be ready to accept if we have lose.and what to do next in order after the first we've come to the target (profit or lose)

[torquee]

i do have a plan B and i call it as the rescue plan and that is very essential because you do not just close the bad trades rather you rescue them so that you have the balance of the loss