Do You Always have Plan B?

[bestlooser]

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.

yes plan B should always be in when you enter a trade and when plan A fails then you can be ready with plan B or C and even more and planning is very important in forex as it is important in other fields and forex really test your potentials and it is not easy to be successful. As we know forex is tough job.

[blackprince4u]

Well generally plan B is considered as hedging.As it cuts the losses and keeps our account safe from getting margin call. But plan B may also be another trade on any other pair which covers you losses and also gives you a little profit.

[realfun07]

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.

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.

[Mr. Tukul]

i dont have plan b, so it really depends on the condition at that time, we as trader should be ready for any situation, and analyse what will be the best , it could be hedging or even stop loss nor cut loss. please correct me if i am wrong.

each trader has their own way of anticipating the market, some have a plan B and some that did not have ...
I do not have a plan B, just like you I always use a stop loss ... if stop loss is hit, then I no longer trade on that day ...

[jai]

Hedging ak achi strategy hy but ic ko apply krny sy phly market ki situation ko dykhna prta hy, agr tu apko clear idea ho jaye k trend ab change ho raha hy tu apko chahye apni open position ko close kr k trend ki direction mn new position ko open kren but agr aisa nhi hy tu hedging apply krny main koi problem nhi hy, you can get some extra pips by doing this.

[anubhavsingh]

dear aap sahi ho lekin kya kabhi aisa hota hai k trend 1dum clear hai risk kabhi bhi khatam nahi hoti hai ha lekin aap yeh keh sakte hai k ismai risk kam hogi.

Plan B leke trading karna kafik safe tarika rehta hai forex me
lekin mere khaytal se Sl aur TP set karne se aap is situation se bach sakte hai kyunki jaise hi koi bhio pioint strike ho jata hai aur apki deal close ho jati hai fir aap apni next strategy pe kaam kar sakte hai
hamehsa plan B leke tyrading karna bahut mushkil ho jata hai..lekin ye bahut safe tarika hai trading ka

[hetal]

ya you should always have b plan with you because if your first plan fail then you can apply your other plans and strategies to earn profits which will be better than trading without b plans becuse trading without other backup plans and straregies will lead you to suffer a great loss

[narendra]

dear aap sahi ho lekin kya kabhi aisa hota hai k trend 1dum clear hai risk kabhi bhi khatam nahi hoti hai ha lekin aap yeh keh sakte hai k ismai risk kam hogi.

[chintan]

If your positions go wrong, the best thing to do is close it,

setting a sl in every position we open is vital to limit the loses

AND NEVER HOLD ON TO A LOSING POSITION

Regarding hedging, never attempt to use it when your equity is low, it is nothing but inviting MC. Its a complex method and requires good knowledge

[vineet]

I think is okay to use a strategy that both origins are also in accordance with good analytical ability and we have learned the test..