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

[msm]

If I can understand that I open the position in wrong then I will close the trade immediately because I have to minimize the losses and if I wait to come the trade in certain level then I need to keep good capital to wait long time.

[owaiskhan]

If i opened a wrong position trade going to against my capital then close immediately in that position but if i have a handsome amount of capital then i will trade that pair for long term trade and wait for recover it was already happened to me when i was newbie in forex and i trade that time for long time and recover also it depend on your strategy and situation.

[advance]

if i know that i open a worng position then first i will try to close at the same price at i open.
the second way is is just close the position and will open the right position. we can loss money with wrong trade so we close that.

[RKL]

if I know I have done wrong entry, then I will cutloss, because most likely, loss will be growing, but it is sometimes hard to accept by some traders, because they just want the profit on each transaction only when the position we are wrong, maybe I will melakuka cutloss, then open another position in accordance with the direction of the market at that time, I have experienced great loss and margin call, because I did not dare cutloss enlarged, and finally my margin call within 2 days, but I get it with 40 days profit , for traders! do not be afraid to cut loss!

[anjan1987]

All traders could create deplorable psychotherapy so they leave agape job in wrongheaded route, if we bonk realized that we opened stance
in deplorable selection, we can determine essay management strategy to confine losses. If you're allay assured if motion of value could displace
as your analysis few writer pips, then you can let it gushing and unventilated it when the losses is inferior. But you moldiness love bound to in communicative it,
and also you can use evasion to bosom situation and unlock it later when there is alter precondition.

[lalbai]

I'll let him wait until minus can be reduced and then I will close it quickly so I could avoid a defeat that could be even greater in my account, after that then I will open more positions to be very careful...thank you.

[rk225325]

when you think that you have opened the trade in the opposite direction then you can wait for sometime on that trade and whatever profit you get within few minutes get book it and close the trade immediately. and if you dont think that you get profit from that trade then close it instantly.

I'm gonna do when I already know that I am one of the possible trade I will trade by cutting losses on these thresholded so that way we will have a trade that would make us be better in the existing trade.

[DANISH]

when i know about me that i am going to wrong position then i will try to use stop loss and save my money and bonus which i earn or invest.

[minoa]

Forex trader training and movement analysis in the analysis of the market trying to forex traders, depending on market conditions to trade profitably and in the analysis, to analyze that more profitable

I will put Sl on my position., analyze in forex one of key to success in trading but i have make it and it works..so the trader make take it positive and not to emotional..coz market never let u gain profit but u will gain them..

[Jack]

When i opened wrong trade or by mistake i entered in wrong direction, i will see the closing opportunity for that trade and after got it in trading i will close my trade. Actually, Forex trader should not wait for more time by wrong trade open and try to close it immediately.