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

[coramel]

If you have not been able to use any of the keywords in the same way, then you will be asked to use the forex market for any other reason that you are not allowed to use any of these services because of which you have to pay a good amount of money to pay for your home. Tunggu can not be used as a result of this and it's bad to close.

[ik yar]

In this case the first thing you have to do is minimize as much loss as you can ... wait until the price takes a leap for you in both cases selling or buying and then closing with a minimum loss

[0307148]

yes, I agree with your opinion. it better immediately close the open position if you know wrong entry. to avoid worse loss, and also in order to open a fresh trade. This is especially useful if there is a limit to open a trade position. for example, maximum is 3 open position trade. so, by closing that wrong entry trade is very useful to be able to immediately start trading again.

[tong]

When I feel that I have predicted the wrong market then I try to close the trade as soon as possible and after earning a small profit or not profit but my first priority is not to cover my trading losses and I feel that if you fix it on your trade then if you still lose you can make something from your trade. And your strategy is also good hedging, but it's not always successful, especially when there is a gap between buying and selling trading.

[adalah]

in the trading business it is very difficult for new traders such as making the entry in the right position usually because impatience in real trading is very due to doubts and nervousness so that the position quickly closes so quickly that the funds in the trading account are reduced.

[januari]

in this trading business some traders make mistakes during the order placement I mean some time traders want to open a position by buying but it is wrong that he binds a sell order because of my experience You have to close your trade at the same time no one is prohibited from doing this business.

[kuda]

I will close the transaction immediately and become the OP again in the right position. in this business we must not assume, do not rely on instinct, but must be based on facts and reality. the market is unpredictable, cannot be controlled, but we can follow to make a profit.

[duua]

When you see that you have placed a position in the wrong direction on the Forex market then immediately closing it is what you have to do, this is to avoid regret because letting the trade you know is wrong is executed based on luck. Or alternatively you have to set it to break even and also set a small stop loss if the trade is not closed at break-even point.

[sambel]

Sometimes it is possible to notice that you have just opened a wrong trade either because of impulse trading or slipping, but when this happens it is better to immediately close or take a little risk by setting a take profit trade to break even and adding a stop loss if the price does not break even before surging in the opposite direction.

[Shahzadahmed4850]

I always tried to discipline. I always put a take profit and stop loss at the beginning of trade. with bagitu, even though the price moves against the position, the loss in accordance with that we put sl. This is the risk of forex. we should be able to accept it.