Do You Always have Plan B?

[overlau]

This can be your back up if your Plan A didn't succeed... Trading has many option, strategy, and better go to the strategy that you truly know.. and you thinks best for you!

[shg1910]

Yes, main hamesha plan B rakhne me bharosa karta ho, ye bhi strategy ka hi ek part hai. ye kabhi bhi jarori nahi hata ki planing hamesha safal hogi hume second though rakhna chiye isse options badh jate hai or nuksa hone ke karan kum ho jate hai.

[Lightning Hawk]

yes,I always have plan b.my plan b is backup money.if my trading business goes to loss,I use the backup money & make enough profit to negotiat the loss.

[forextrader38]

The stop loss level of coverage, and all this after strategised coz you can avoid a huge loss, I also use the ps command, and that convenience is a little laid-back and im very happy coz it is in the same market.

[goldenfx]

Having another plan and reacting according to current market situations are professional approach and I'm also aiming for that. As per expert's advice we must need plan-B. But being a beginner I just stay away when my conditions are not satisfied as I do not have plan-B.

[3mala]

No doubt stop loss and take profit are most important in this business but plan B has it own importance. Some time our Plan A goes fail and we are in loss and then we need to recover the loss or to balance the loss, then we need plan B which always give me good response all the time when used.

[rahulsagar]

We also plan on sisni always clear, suppose that the first plan fails we must immediately make a plan b, because of other contributing factors could have got a hard impact on the trade market regards

[boitali06]

If you are a beginner, security is not the honorable strategy for you as you might not be competent to grip your sidestep trades properly and coat loss more than profit. It is a real relinquishment strategy for those who jazz discriminating change of market damage sue.

[waleedkhan]

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.

bahi hedging ka use karna ka bhi aik treeka hota hai kion kay koi forex ko hedging nhi karah sakta hai app ka sharp mind hona must hai hai hedging aur hain reverse trade ho raha hai to monitors per on rahna lazmi hota ha

[kapil_chemical_07]

It is good for a special plan B keep in traders hand.But,I do not do that kind of work.I generally,depend on the news for trading in forex market. And most of the time I win.So,I do not plan for a new strategy.But,I think it should be keep in hand.