Do You Always have Plan B?

[lgarhboularbah]

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.

yes you are right i think that the plan b for me is just the hedge i mean that when i open deal and i am going to lose i open the hedge of the deal and wait till the next good signale ..here i will close the bad deal and let the other till recover all the lost

[krishan]

मैं योजना बी नहीं है, जबकि मैं व्यापार. समय के अधिकांश मैं खाते की शेष राशि का प्रबंधन करने में सक्षम नहीं हूँ. यदि खाते की शेष राशि वहाँ नहीं किया जाएगा तो जो आप के लिए योजना बी योजना b बहुत अच्छा विचार है मुझे यह पसंद है है लागू होगा. मैं यह अगली बार में सोचना होगा.

[krishan]

योजना ख बंद करो हानि और कम से कम आप एक बहुत बड़ा नुकसान बनाने की संभावना से बचने कर सकते हैं इन के साथ हेजिंग coz की मदद के साथ एक बहुत ही strategised योजना जा सकता है, मैं भी उपयोग sl अब हर और im बहुत संतुष्ट और भी इसे थोड़ा सा आराम coz जबकि व्यापार.

[siddesh]

since i know that market has it own kinds of movement, i'm already making several type of EA that can be run alternately, so when the market moves sideways, it's time to use martingale system, when the market going to be a trending, using a scalping is the right option, and so on, each moment has it's own plan. so i guess i'm not only having plan b right?

[examin]

Do You Always have Plan B?

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.

plan B in forex does not enough you can make a plans from A to Z and it will be not enough because forex have a lot of prospect and you can lose in all the plans that you do.

[kaji]

in forex trade I do not like doing hadging,I prefer to close the trade if I am convinced that my initial prediction is totally wrong.but I have two accounts and if I doubt the first prediction and did not get a strong signal after the first of my predictions wrong, then I open the position again in my other account in the opposite direction.This I do because I do not like being in a floating position for too long....

[lgarhboularbah]

yes i do and the plan "B" for me is just to convince with what happen to my account and keep trade with the same strategy i think that this is the best way for us to get success ibn teh forex market

[samy124]

Sure, i have a second plan for trading forex. We all know how risky the forex market it and so if you must become a full time forex trader to live by the profits from their tradings, then you must develope a second plan incase there is a loss.

[xiaotanghao]

As far as I am concerned,I think I do not need a plan B there.I just rely on my analysis alone.My strategy is to trade as my analysis there,when the trend goes against my trendline,I think just close the order there.

[iwan]

there must be a backup strategy and I think most traders also have, but if I was actually more likely to secure the capital when I'm wrong and trend analysis to move against the direction of OP as I did earlier. I also did not infrequently direct CL and OP in the direction of the trend.