What will you do when you know that just opened the wrong position or entry?

[babar hanif]

mere kheyal sy kai bar admi ka zehan kai bar aisi hota hai k osay pata b hota hai magar wo pher b karta hai aisi galtiyan kuch na kuch hoti he rehti hai our enhe galtion sy insan sekhta hai our pher he kesi mokam tak pohanch jata hai

[nidji]

If I notice that I've just opened the wrong position, I'll just close that position immediately to avoid following a negative trade. In order for us to avoid such mistakes, it is advisable for us to clear our minds when trading and also for us to stay away from any disturbance. and if you realize the order has been placed wrong, do not hesitate to cut the loss order, if you wait until the price will only change bad habits let it float too long.

[prabowo]

I think that in general it happens as a result of the pressure of forex commercialism, we will open the wrong position ... so it is the simplest thanks to settle the losses revealed and close the position .... because if we have the tendency to stay open, it often proves to be a lot dangerous and might build America for losing a lot of money. I agree with your opinion. Better to close the open position immediately if you know the wrong entry. to avoid worse losses, and also to open up new trades. This is very useful if there is a limit to open trading positions. for example, the maximum is 3 open positions trading. so, by closing that incorrect entry trade is very useful to be able to immediately start trading again.

[damage]

I find that When we unconsciously open orders and markets as opposed to our orders, we do not have to close orders as soon. Because the market can return in a very short time. So if we have a good balance then we can keep it position for a long time, but smallers as a trade should not take the highest as risky! I think in crucial situations it is best to place a certain pips limit and then do not try to watch the forex market continuously and keep patient for some time until your order is opened will not close automatically.

[volatip]

my error in my analysis is detected after opening position then i will close it immediately. there is no meaning to open a trade that will lose money. most beginners do not close trading losses they hope that it will generate profit in some time. they keep holding it, even though they know it is the wrong position. but because of the lack of back up pips they were forced to close it with big losses or their account exploded just like that. a very good habit of this habit can save you the amount of big losses so everyone should use both the take profit limit and the stop loss command also try to finally close all open positions because nobody knows about that market the next day where it can go

[kenapo]

I also often make mistakes in trading. when I make a mistake, I will see the development of trade. if possible i will maintain the best position. but if not possible I will immediately close so the loss is not too big.
My error in my analysis was detected after opening the position so I will immediately close it. there is no meaning to open a trade that will lose money. most beginners do not close trading losses they hope that it will generate profit in some time. they keep holding it, even though they know it is the wrong position. but because of the lack of back up pips they were forced to close it with big losses or their account exploded just like that.

[kalakuan]

I like merchants who can always figure out their trading mistakes and fix them as soon as possible, this is what you have done by changing from a bad scalping sales way to long-term trading, I would advise you that you must learn how to manage money from the market itself, it will help you better. You will create lower risk and higher rewards. When I find this kind of problem in it then I will stop trading and make a new trade and if this is lost in it many losses then I will wait in it for recovery and then I will return to trade. in it and make a good plan for this ..

[ghaffar500]

dear trader aisi sorat mai hum nay krna kia hay hum yehi krain gay k apni trades ko kat dain gay agar hamain pta chal jaiy to agar nahain katain gay to phr hamain eska loss hoga may be hamara acount bhi wash ho jaiy so hamain es say bachna chahiay..........

[akmil]

forex trading is a very risky business and you can earn huge profits if you study well so that learning is required to get big profits You can get unlimited profit if the right traning so you must first learn well.
when we will use a small time frame like 15 m or 30 m we can see so many wrong signals. as long as the trader will always put sl and tp then there is nothing to worry about but if you are so sure that it is totally wrong Position then the best way is to stop from it very quickly.

[Taiyab]

. I always put stop loss and take profit at the beginning of my trade. So, there is no chance for me to opening a wrong position. Thanks