When you are trading with a plan A, plan B then surely you’ll be able to recover your losses! Because, only one trading plan isn’t enough, since it’s a decentralized market!You are absolutely right . A trade without a plan is surely going to take you nowhere. I spend a good amount of time making a trading plan for myself . A plan helps me decide when to enter or exit a position. Also ,when i have a plan i remain more disciplined and emotionless as a trader than when i am without it.