Do You Always have Plan B?

[MTEBESSI]

I have try this strategies of hedging but I hate it because I feel with great number of ordres that in a moment I can't recognize why I opened it! i prefer to stop position and re analyses the situation and go on the good direction.

[kampung]

It is always better to have a plan B in place as these markets are unpredictable and risky and some times not even the best of strategies work in these kinds of market so a plan B can always reduce the risks.

yeah really does not do trade transactions is also a plan B because we have the time and a strong signal in the trade then we would transact and trade is better

[realfun07]

Plan B could be anything and not only hedging or stop loss.Plan B basically refers to a second plan or contingency plan which a trader can use in case the markets are different or in different circumstances than normal.

It is always better to have a plan B in place as these markets are unpredictable and risky and some times not even the best of strategies work in these kinds of market so a plan B can always reduce the risks.

[gosians]

Mera plan b tu mostly ak different strategy hoti hy us sy jo ma use kr raha hota hn, i think jyada log plan b ko b sath ly k chlty hen but jo experts hen unka plan A itna strong hota hy k plan b ki jarorat nhi hoti.

[venkiaries61]

I think that we should always be perfect on our decision. If this happens, then there is no worry about plan b. But, according to forex market, anything may happens in future. So, its better to have plan b in forex trading to avoid some sorrows.

[Ammie]

Main abhi forex me naya hu. Is forum me bohot experts log hai jo rojke bohot paise kamate hoge.
Mujhebhi forex ki kuch acchi strategies sikhna hai jisse main bhi kama saku.
Koi mujhe achhi strategies sikhaygakya jo work karti hai.
Mai uske badle me paise deneko tayar hu.

[hiren]

Plan B could be anything and not only hedging or stop loss.Plan B basically refers to a second plan or contingency plan which a trader can use in case the markets are different or in different circumstances than normal.

[nuh514]

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.

I think you must have explained the term hedging here before using this word because most of the people here at this forum do not even know about the function of this term hedging. So I request you to please explain it so that we should be clear about it and increase out knowledge.

[lovereurusd]

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.

hn ye to her kisi k mind main hota ha jab woh koi bhi trade open karne lagta ha kioun koi bhi trader jab koi trade open karta ha to 2 conditions hoti hane us k samney ek par aamal karta ha or dosri ko woh mind main k es k bad kiya karna ha

[kampung]

well,i dont have any plan exactly like back up plan.Once the trade enters into loss,i again analyse the market and check out whether any possibility of reverse trend.
or else i will close the trade.

I think for our trading plan must have as a trader because I have confidence that this trade plan we gave the trade route guidance is good for us and we must be disciplined in the running