Do You Always have Plan B?

[puri]

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 me uljhe rahe

[3mala]

A trader needs to trade with his basic and main strategy most of the times which can be called Plan A in this case but due to risky nature of these markets and unpredictable attitude of these markets it is important to have a contingency plan which can be Plan B in this case .

[aamu]

Since you mentioned that you do not have any plan only then in your case you need to first develop a plan or Plan A in your case and form a direction for your trading and then later on worry about making a plan B

[truegoa]

Yes! We always need a plan B in every trade we made. Every situation in this trading world is full of unexcactly things, so we always a back up plan to face it. Even if this "plan B" means that we have to see our loss position, as long as it would be the best way to save our account, I ll need it, and I ll take it without a doubt!

[engsmsm]

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.

Must be in the forex market for you to have a clear goal and be the goal of a weekly or monthly goal and when to reach the goal you should stop until the Atkhosr and must enter the transaction in a timely manner so as not to lose too

[torquee]

yes i do have a plan B. you see forex is a very risky business and we have to make some standby plans that may help us in the emergency situations. i mean i know what to do if i have loss

[puri]

It is good idea that we should be prepared for worst situation, it happen many times that my trades are in loss so neither i can close those nor i can open new trades to cover losses due to lesser margin, for such situations i am ready with another account and even if my account is stuck on getting another good opportunity i use the second account to reap profits.

[3mala]

forex trading me trader ki strategy juitni zada achi hogi usse utna hi zada profit milega kyunki forex me paisa kamane ke liye trader ko acha plan hona bahut zaruri hai
agar aapki strategy achi nahi hai lekin aapke pas paisa hai tab bhi aap forex se paisa nahi kama payenege..paisa kamane kel iye strategy aur plan hona bahut zaruri haiu

[3mala]

me jab bhi trading karta hon to poori study ke stah hi akrta hon aur yahi koshish karta hon ki mera plan A hi safal ho ajye aur mujhe plan B ki zarurat na pade
lekin fir bhi me dusra plan leke chalta hon taki agar pehla plan fail ho jaye to me apne account ko bacha ke rakh saku..har trader ko yahi soch ke trading karni chahaiye kyunki market ko ekdum sahi predict karna bahut hi mushkil hota hai

[overlau]

yes,I always have plan b.my plan b is backup money.if my trading business goes to loss,I use the backup money & make enough profit to negotiat the loss.

Is it required to have back up money? or just back up plan?? or is this your own way??