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

[sarawa]

if I knew that I had opened the wrong position, then I would immediately cut loss or close my position, my problem is not a disadvantage, because if I go then I will experience even greater losses.

How about reanalyzing your position before closing it? You may be surprised that you will make
a small profit before the position against you. What I would suggest is watch it a bit before jumping
to conclusions because your initial analysis may be wrong.
CMIIW

[noder]

I usually analyze the chart first before entering the market, so I can conclude to buy or sell. Although my decision is wrong for example I chose buy, but the candle is down so I wait few minute to analyze again. If my final analyze is wrong, Usually I cut loss in my trading.

I have a step that seems strong sir, so this strategy based on the trend of H1 time trend to go down when
we are ready to enter the market during the M15 period that I think is good, can be tried pack
greeting

[tatang]

so that mujhe pata chala ki play entery error kar chuka hun to bina intezaar to the main order near karna pasand karunga.
yeh problem kab hota jab hum ek jyada main trading account karne ki kitten karte hain. aur jab market
bahut fluctuate karta hain tab hum jald se jald entery karna chahte hain .. tab hi .. yeh problem hone ka jyada chance hain.
So take time for entries .. do not rush in.
CMIIW

[karmnun]

The first task to be done in such a situation is to get rid of that mistake by closing the trade
at least to lose if you see the power in the opposite movement so you can open up new trade
in that direction and thereby cover that loss and generate a newer profit
becarfull

[hakan]

difficult for the newbie trader like me to make an entry in the right position. this is usually due to impatience in the trade. in fact rarely because of doubt and nervousness so quickly closed position. so fast that the funds in the trading account is reduced.

when I found out I had just opened the wrong position entry then I immediately take a look to the higher timeframe and the possibility margin that I have to cover it? if sufficient, then I let the floating minus, but if not then I immediately opened a new position in the opposite direction to the previous position.

How about you?

That means you are an impatient trader. All traders must be confident with the trading decisions
they make whether it is buying or selling. Because with impatience just because you see trading
floating minus you will immediately kill your account. If I am in that condition,
I will wait for my trading until they float minus about 15 percent then open a hedging position with double lot.
becarfull

[badrita]

if it happened to me, then I would immediately close the transaction and be OP again with the correct position. in this business we must not suppose, do not rely on instinct, but must be based on the facts and realities that exist. markets are unpredictable, uncontrollable, but we can follow to make a profit.

If one of us is so close to the right of the survivors, for although there is little loss is a loss,
that if only we lose some of the capital we keep, if we need to stop until
we are absolutely convinced by the analysis
thank

[aarabane]

if you find it is not the right deal, you must directly close this business and open another. but you have to be careful and do a good analysis so that the price does not come back in the point of going out.

[sufiyan22]

bhia dekho professional treqa to yehi hn ke ap trade jitna jaldi ho sakey loss me close krdo aur kam se kam time me close krdo but agar loss me ni krni close to apko trend ko dekhna chaiye aur support and resistance pr sl laga kr sukoon se mt4 close kr dena chiaye

[sardi]

I always use the 1 hour chart to prevent from wrong signals. When we use a small time frame like 5 m or 15 m we may see so many wrong signals.
As long as the trader always puts his sl and tp then there is nothing to worry about. But if you are absolutely sure that this is the wrong position,
then the best way is to stop there very quickly and put another order in the opposite direction.

[modestrader]

for me, i will close the order and accept losing few pips (spread) and enter the trade which I wanted to open.