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

[rehanayaz]

ager ap palynig se treding kro gy toloss se bach sakty ho hain warna loss ho 90% forex me paliynig ka ye matlub ha k ap lalch na kro or ye seb km dil demagh ka ha soch sajhm kr forex treding ko krna hota ha

[Mohamedmossa]

In this case the first thing you have to do is minimize the losses as possible as you can .. wait until the price take a leap forward for you in the both cases selling or buying and then close it with the minimum lose

[zahid2016]

agr main koi trade galti se open kar leta hon to main tension main a ke usi time trade close nae karta hon balke wait karta ho q ke jab bi hum trade lgate hain to market usi time profit main nae jati hai balke loss bi hota hai to agr trade wrong lg jaye to thora bohat profit lazmi hota hai.

[incomejobs]

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?

bhai agar wrong trade ka app ko pata lag jata hai tu app us ko close kar do app ki market mein account safe ho jye ga agar app us ko close na karo gye tu app ka loss bhar jye ga or app ki trade big loss mein chali jye gi or account be wash ho skata hai

[munibkhan]

dear mein jab koi trade open kart hon aur mujhy us k bad mujhy pta gtla hai k mein ne wo trade wrong side pe open ki hai to phar mein ya to us trade ko close kar deta hon ya phar mein stop loss use karta hon

[BAZRYK]

I take a new position against previously treading.be always start treading with stop loss.in this way you mentally prepare for the tiny loss.in forex treading Ups and downs are a part of your job.

[Abniali05]

The most important thing is you have to keep an eye on the market ups and downs. It is one of the trading techniques that keep your eyes on the market rates. And then decide consciously what you have going to do for your future for your success.

[murphy]

if you just notice that , then u better get out abd close that trades . but if it took you long time to notice and starting losing then it's better to hedging and defending your balance with any other necessary plan untill things get better and close it . pace and good luck m8s

---------- Post added at 05:40 AM ---------- Previous post was at 05:40 AM ----------

if you just notice that , then u better get out abd close that trades . but if it took you long time to notice and starting losing then it's better to hedging and defending your balance with any other necessary plan untill things get better and close it . pace and good luck m8s

[dareking]

Bhai main to samjhata hoon ki humare ko jayda der time tak apna wo order kabhi open nahi rakhna hota hai jo trend ke against mein hota ho bhai, waise order humare ko bada loss de sakta hai usse avoid karna hota hai bhai.

[aasiaz]

When I feel that I have predicted the market wrong then I try to close the trade as soon as I can and after getting small profit or no profit but my first priority is not to close my trade in loss and I feel that if you put right sl on your trade then if you lose still you can make something from your trade. And your strategy is also good hedging is good but its not always fruitful especially when there is a gap between sell and buy trade.