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

[buttar]

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.

[0307148]

Actually this kind of trading comes from lack of proper knowledge about forex market. But i always maintain a system. I give a trade when i get confirmation from my analysis. 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

[Dinesh]

Kabhi kabhi pressure mai gelet position khul jati hai. Mere sath behot rarely hi asa hota hai. Mai turent use close ker deta hu. Kyuki mujhe andaza nehi k vo jo glti se open hua hai usmai aur kitna loss ho jay islye better mai use turent bend ker deta hu.

[billyboy00007]

2 tools hotay hein trading jab ap kartay hein eak hota hai take profit aor dosra hota hai stop loss ap ko tarding lagatay huway lazmi har haal main stop loss use karna chahiye jab ap kay against jaye gi market to apko koi problem nahi aye gi ap safe zone main rahien gein loss hoga jis hisab say ap ney sl set kiya hoga.

[zahid2016]

it does not happen often that i make a trade and it goes wrong. because i have some experience of trading know and i only trade when i think market situation is good and it is right time to trade. but if it happens that my trade goes wrong from start than i try to analyze quickly and if i feel that i can face big loss i close that trade. i do not wait for long time. than i wait for the good time and make trade again.

[buttar]

i think that sometimes it happens that due to the pressure of forex trading, we will open a wrong position ...so it is the best way to accept that spread loss and close that position....because if we keep it open, then it can be proved more dangerous and can make us to loose alot of money.....

[Supi298]

Aisa kuch hone par mai pehle dekhti hu ki mera loss jyada bada to nahi hai na agar nahi to mai turant apna trade close kar deti hu nahi to fir mai thoda wait karti market ka mere favour mai ane ka kyunki patience bahut jaroori hai hamare liye

[buttar]

Actually that's right we are get anytime a wrong position. but our mind do good.and i will close it.and also in order( our mind) to open a fresh good and right trade.so there is no chance again for me or anymember. We don't like this again opinion a wrong position.

[buttar]

If you have any idea of how to apply or do any other information about the problem, then you have the right to know how to do so, but you can not make any changes, but you have to make sure that you do not use any of the information provided by this person. Even if you have not been able to do so, then you will have to wait until you return home.

[buttar]

Actually this kind of trading comes from lack of proper knowledge about forex market. But i always maintain a system. I give a trade when i get confirmation from my analysis. 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