Do You Always have Plan B?

[s19]

when i have starting my trading i dont have any b plan for forex after reading this thread i fill the importance of plan b.
now i have plan b.
i withdraw 50% every months. its give me a good feeling that i am getting moeny form forex and i will use it as backup when ever i need.

[atif58]

I always put stop loss and it is my plan B. Hedging is so difficult and i never take more risk to hedge the market. Hedging required very high demand of knowledge and analytical skills which comes by time. In initial stages i can not even think of hedging.

[norix]

i think plan b is risky for begainer ,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?
suppose we have a plan that others in the sense we have of the other strategies when the entry where we do wrong and led to loss, we should use the plan as soon as possible if b Since it is the first step must have failed to step into two
b > headging?

[adil.iub]

i think plan b is risky for begainer ,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.

[mohit]

yes i think every trader must have a backup plan in case if your first plan fails , because if you have a back up plan then it will help you to switch on to the next plan and to continue your trading

[kastur]

I have many plans for different positions and I am always fighting to get success and keep on planning that if this happens then what will I do? so I am ready for all kind of preparation and I am ready for any kind of shock in market so this is how we can become strong traders.

[manoj]

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

[manoj]

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.

[burayak]

have a plan B that will be executed if plan A has failed it should be done because if traders are doing the OP did not correspond to the initial analysis is to have a plan B then we can decide to cut losses or using SL to keep the accounts of MC and or OP again perform in accordance with the trend going.

[tajdarbet]

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.

mere khiyal main to plan b lazmi hona choye kioun k app koi bhi open trade jo ha woh loss main jasakti ha or us ko ovr karne k liye lazmi plan b banaya karain es taran app ka loss kaam ho sakta ha ya phr loss profit main tabdeel ho jata ha