Do You Always have Plan B?

[biku23]

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.

[wahidaaa]

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.

[sazzad]

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.

[Narr]

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.

[roshan]

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

[Forex oscar]

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

[pyro]

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.

[suresh]

Using hedge is not just simple, it also requires a lot of practice and understanding or market. Your slightest of mistake can cause you to lose on both ends or if market move too much in one direction, then you will become more worried.

[wulandari]

I am a beginner so I am at the level of making the plan A first. I think that it will be very great that I start preparing my trades for the market conditions and then have the alternative methods to control them.

yes, you need to have backup strategy when market isnt in one way with our prediction, also remember to have good money management, its really help you to stay away from margin call, and survive in forex for a long time

[badar]

I am a beginner so I am at the level of making the plan A first. I think that it will be very great that I start preparing my trades for the market conditions and then have the alternative methods to control them.