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

[abdillahikbal]

I usually analyze the chart first before entering the market, so I can conclude to buy or sell. Although my decision is wrong for example I chose buy, but the candle is down so I wait few minute to analyze again. If my final analyze is wrong, Usually I cut loss in my trading.

I have a step that seems powerful sir, so this strategy berdsarkan on trends in H1 timeframe trend down to eat when we are ready ready to enter the market on M15 timeframe that is what I think is good, can be tried sir

[sripanut]

I usually analyze the chart first before entering the market, so I can conclude to buy or sell. Although my decision is wrong for example I chose buy, but the candle is down so I wait few minute to analyze again. If my final analyze is wrong, Usually I cut loss in my trading.

[marjuck]

it will frequently happen in my life. when i open my computer i can not leave the computer without trading. when i open a wrong trade , i do not close this trade on that time. i analyse the market in d1 pattern. if it seems to be negative then i close my trade if i get any positive result then i keep my position open.

[hardworks]

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

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?

How you know exactly that your deals are in wrong side. If you know it, then why make this analysis before opening deals. Please don't try to cover the loses by following sure fire strategy. This will not work in all time, if it fails, then it will end stop outs. its always better to close the negative deals and wait for the next entry point.

[sufanw1]

If I knew that my position is open so I immediately closed position, because it will endanger our funds. Unless we open position direction of the trend is happening in the market and the NEWS that occurs even in line with our open positions. Although it is still floating just wait and guaranteed to hit TP or Take Profit.

[ashwini]

agar mujhe pata chala ki main galat entery kar chuka hun to bina intezaar ke main order close karna pasand karunga. yeh problem kab hota hain. jab hum ek jyada account main trade karne ki kosis karte hain. aur jab market bahut fluctuate karta hain tab hum jald se jald entery karna chahte hain.. tab hi.. yeh problem hone ka jyada chance hain. so take ur time to entery .. dont be hurry to enter.

[nobby]

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?

For me it is a straightforward thing that I will do. As soon as I realize that the position I JUST opened is the wrong entry I will close it immediately and open a new one in the opposite direction with a bigger lot size. This will help counter any losses made from spread and any other price movement.

[abdul hamid p]

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?

dont be nervous, stay confident and do not open any position without analysis (technical analysis and fundamental analysis). good luck

[brutu]

Than many who are likely to result in the loss of more than our expectations, we will if you keep it, how close the trade immediately because it is close to other wise better. I get from my testimonial from that release, to open a fresh trade, to give another chance, I'll close my trade me all the time when you realize the wrong judgment about your entry.

[yogesh]

I dont like to collect junk and dont want to for long with a losing position, so when i knew my trade is wrong i will get rid from it on first opportunity i get.