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

[alimartono]

because I am still new in forex then I did when I opened the wrong position is, ask someone more inexperienced in order to assist in problem resolution.

[niks]

Same thing i apply . Its not with just Newbies , many trader do such silly mistake .
I simply go for longer term analysis , if its favor of wrongly opened trade then i hold or
else i close it min possible loss.

[malik]

I get in to trouble before two weeks when i have to close my position in profits bunt unconsciously i clicked on the buy tab of new order ticket that was already opened. When i realized my order not closed and new order opened i just again closed that order but newly placed order went in losses without going one pip in my direction. Finally i hedged my positions that i locked and unlocked for more than one weak and closed in profits in the end.

[bhagawanta]

if that things happen to me i will closed imediatly and quickly Open possition again with opposite direction..so we can earn profit..if we didnt close the wrong possition,it will be a danger for us..because we never knows when the prices will go up or go down..its better if we close the possition!

[roopesh11]

Its very simple that i will first check the market status and if the market is in my favor then i will continue otherwise i will stop at that moment only. If we do so then we will cure from big loss. Because bad market entry is very risky thing.

[esif]

the wrong position of entry?

if i just opened a wrong trade, i will try for the reversal and then i will close my trade in profit, but if it is not, possible, then one should close his position as soon as it is possible, because floating loss can become more bigger..

[Rak]

agar galti se aisa ho jaye to sab se achha tarika to yehi hai ki hume usi time jitna bhi loss ho jaye use book kar ke trade ko band kar de. kyo ki agar aisa nahi kare ge to ho sakta hai ki bahut loss ho jaye or ek bar jab loss bar jata hai to feer use book karne ka man hi nahi karta. to bus jaise hi pta chale ki aap galat position pe hai use band kar do

[lishader]

every transaction I use stoploss and takeprofit so it would be safe to my account when I know I has open in the wrong location, I will close that position and do not step on the market

[hamadmuneer]

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?

asal main kafi baar aisa hua hai ke galat side pe tade lag jati hia lakin phir usi waqt band karny ko be dil nahi karta hia so mainn sab se pehly yehi karta hun ke us ki oppsite side pe trade laga leta hun phir us ke bad dekhta hun ke konsi kab band karni hia

[chandmoon]

if i find that i open wrong trade and its just open than i close that trade.
but after making some big loss at that time i open other opposite trade.