Do You Always have Plan B?

[naziafarhan]

ji haan i beleive in plan B. in forex you must have all sorts plan and you should do whatever you can so many situatiosn wil lcome so you must have plan A , b or plan C even. but I think good traders will always have many options so just give your self options and make it simple.

Thanks for sharing your experience here. BUt could you please share also that how can we develop a plan B. I am really unclear about it. And I want to learn this. So please help me by suggesting.

[darksaimon]

I do person a think B which substance a distinct strategy in housing a line goes damage or there are dubious industry conditions or during nowadays when trend is not readable.So a monger should bed other arrangement in care in covering of an crisis.For information one can use Security in container of a bad merchandise or doubtful

[ritesh]

by the way i want to say, when you trade upon technical & fundamental analysis it can't be counted as 2 plans
you should have 2 plan for each type of analysis
as you can move with the market & deal with it in flexible way

[girish]

I don't believe in going with plan B or many plans. I target on only one plan and work hard to make it success. It is good to just to focus on one plan rather than making more plans and wasting time and efforts on them. I go with certain plan and if that plan does not work, the only plan that I take or believe in is closing the position.

[rahul]

every traders must use different trading system if dont get success in the current trading system . he must be able to change or modify hi trading system untill he dont get success

[rahul]

Yes, I have also a plan B. if my open position is showing signs of a losing trade I immediately open an opposite position to counter my loses. Actually you might call it hedging. but it is the only way I know how to protect my account. But sometimes it is also a bit risky because the market acts peculiar sometimes..and you never know it goes back to your original position. And you are left with another losing trades.

[gava]

aree bahi idar plan abc rakne gaya to sab paisa jayega no garentee for that ...so always stick to one plan only ....if you have some new strategies try them in new demo account rathere then taking risks

[waqtitrader]

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.

han ham ko forex trading main jo han na lazmi he plan b rakhna chiye kioun k ham ager without plan b kaaam karen ge to es main los k chance kafi barrh jatey hane esi lie main to lazmi sath plan b rakhta houn ager mera a plan loss main ho to plan b par aamal kar k main apne loss ko recover karne ki koshish karta houn es liye plan b must ha

[Forexboy]

For me to have a plan B is something essential, therefore we must wait for markets to trade when the trend is clear and we are able to see the signals. This is so because we can not risk losing all the capital that we have with us at any time and profit as possible we can.

[ishvara]

My plan B is to wait for the markets and then trade only when the trend is clear and we are able to see the signals. This is so because we cannot risk of loosing all the capital that we have with us at anytime.

The best thing to do is that we make sure that our backup plan is executed when we make some loss from the Forex markets and thus become ready for the future.

My plan B is usually involving my opening and losing less trades at the times that i am making too much losses in my forex trades. This helps me to make better analysis with a more relaxed analysis.