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

  1. #265
    Highly Reputed Member ishvara is a splendid one to behold ishvara is a splendid one to behold ishvara is a splendid one to behold ishvara is a splendid one to behold ishvara is a splendid one to behold ishvara is a splendid one to behold ishvara is a splendid one to behold ishvara's Avatar
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    Well normally, a forex trader does not really know when they have opened a wrong trade in forex, it is based on prediction so at the end of our trade, we will see the results and then know whether our decision was right or wrong.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  2. #264
    Senior Member munna khan is an unknown quantity at this point munna khan's Avatar
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    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.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  3. #263
    Banned hend is on a distinguished road hend's Avatar
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    I think it was a very good decision to cut losses. because after all there is always that we have to accept losses in every trade. Do not get us wrong when we have to take a position in a silent and wait hoping prices will turn around. because it would be a greater loss to me. and a lot of margin call caused by it in this forex trading. because it is the courage to make decisions that are important.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  4. #262
    Banned budis is an unknown quantity at this point budis's Avatar
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    first if I'm wrong position let alone expect prices to return to normal but my attitude like that one better cut loss now than to have to stay in a state minus op

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  5. #261
    Banned hashaam is an unknown quantity at this point hashaam's Avatar
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    Quote Originally Posted by joget View Post
    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?
    yar ager to me ne ghalti se koi position open ker li hai or me ab is me mjhe pta hai k ghalti ker chuka hoon to me us positon ko ager to bari lot algai hai to jald az jald close ker loonga ku k apko thori he der me profit se loss or loss se profit b ho jata hai...

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  6. #260
    Banned FREEDOM is on a distinguished road FREEDOM's Avatar
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    Sometime after i entered the order, price moves against me directly but i am not curious and fear because i have stop lost setup and i will let it going till hit my stop lost or take profit value. It is not take immediately decision after we made an order.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  7. #259
    Trusted Member malik will become famous soon enough malik will become famous soon enough malik's Avatar
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    Aksar esa hota hay kay aap wrong direction main position open kar laty hain lakin asee positions ko lowest loss par hi close kar dena chahiye aur next opportunity ka wait kar chahiye. Jo traders big lots kay saath trade karty hain wo asee positions ko close naheen kar paty wo wo margin call tak wait karty hain.

  8. #258
    Banned fxcot is an unknown quantity at this point fxcot's Avatar
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    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.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  9. #257
    Banned Rak will become famous soon enough Rak's Avatar
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    If we open a trade position and after that immediately we come to know that we have opened a wrong position we should immediately close that position with the small loss that would be there at that point, otherwise it will become very big loss afterwards

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  10. #256
    Member kalponick is on a distinguished road kalponick's Avatar
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    there are some traders who like to close their trade if they find out that they executed a wrong trade and their trade will go against them... this is why I always do my homework before opening any trade.. like analyze it properly, finding my best stop-loss and take profit target etc.. and I dont like to modify my trades after I execute it.. I let it run till the end..
    Searching Myself...

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