Risk management and fallback

" .. You're right, Con. Karla never does anything without a fallback." "He's a professional , darling," Connie Sachs murmured.  - John Le Carre The Honorable Schoolboy

 The true risk manager always has a fallback. There is a "Plan B". There always is an alternative and that is what makes a good investor. He already knows the exit before he enters a trade and he has already thought through the reasons for why he may change a position.