Do You Always have Plan B?

[tonmoy]

plan b can be a actual strategised plan with the advice of stop accident and ambiguity coz with these you can atleast abstain affairs of authoritative a huge loss, i aswell use sl now everytime and i m appealing annoyed and aswell a bit airy because of it while trading.

[shozeb]

mera maan na hai ki forex trading ek bahot hi risky bussiness hai gar aapne galat trade ki hai toh aapka account khali hote der nahi lagegi agar aapne SL use nahi kiya hai toh,so aisi cndtn me plan B ki koi zarurat nahi padegi... forex me sirf aapko Plan A par dhayan dena chahiye..

[Awaischamp]

yes i always have plan b ku k mujy pata hota hai k agar mara plan A k hasab sy mujy profit nahi ho raha hai tou plan B hai na main us k zariya is sy acha khasa profit kama sakta hon

[nadeem33aslam]

hedging save rakhnay ka aik behtreen source hai jo baz auqat apko baray baray nuqsan se bacha laita hai iski wajah se hum tension free ho jatay hain aur relax ho kur
next step lay laitay hain

[nurhidayah]

Hmm, from my point of view, I don't have plan B for my trade. When there's a problem or market is going the wrong way from my trade, I will remake my strategies on the spot by observing the latest market conditions. I will try to come up with a profitable strategies and avoid loss.

losses will be avoided from the transaction process should be the provision of our own understanding of each process with clear steps that we can understand very well about the conduct of the obvious trade rules based on a legitimate method of trading for us as a trader

[forexstudentforever1]

In my opinion a good trading strategy always contains a plan B and in my view the hedging is not the plan B,the plan B is basically the proper use of the stop loss and the take profits.The hedging should be used as a last resort to save the accounts from draw downs.the more calculated we try to trade including the setting of these parameters the more are the chances that we will get good results in the trading.

Thanks a lot for giving your precious advice for us. We obviously need to set stop loss and take profit I think It is plan B.

[Isafan87]

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.

Hmm, from my point of view, I don't have plan B for my trade. When there's a problem or market is going the wrong way from my trade, I will remake my strategies on the spot by observing the latest market conditions. I will try to come up with a profitable strategies and avoid loss.

[maheshputta]

i never had any thing like plan B but i good to have any thing like plan b but it should be like a good plan to make good profit .hope this help

[jamalsale]

everyone needs to have a plan B. because we can't know where the markets well be against us.
for me I have a plan B and C. as having another capital in cash for starting again if I lost my initial capital.

[marunet]

if your strategy doesn't work,then you want try to trade.at first try to understand which is the reason of your loss and try to recover the problem then trade again.

yes you are right, if we already have a strategy, and we have failed with our strategy, we must be willing to make corrections and fix our mistakes, and do not continue the trade before you get a solution to your error.