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

[truegoa]

it is a bad luck and the other reason is here to be trade with out analyze and in this position i decided to stop this order on small loss because in next hour with analyze i can recover it and a big loss is very hard to recover

If I were you, I will not immidiately close my position. I will just doing some proper analysis to predict what will actually going on to the market and decide anything based on that. If I have to close my false trade, than I will just use stop loss with good strict risk management for sure. And, if I should close it manually, then I will just try to limit my loss as little as possible.

[joya]

its done when i trade with out analyzing and this is very bad luck for me and when it is i tried to use the stop loss strategy for to save my account butt if will not then i want to close my trade on small loss because i can recover it

[azez]

it is a bad luck and the other reason is here to be trade with out analyze and in this position i decided to stop this order on small loss because in next hour with analyze i can recover it and a big loss is very hard to recover

[lulu50]

you immidietly close it because you are not able to understand what its all about. when you lose like 4 to 10pips you just avoid losing alot of mme and your traing margin is intact. you are able to understand everythn. these is forex and you can make alot from it.

[forexlearn]

I am dong when I know that just open a wrong position of Entry. Then I want same volume make a open a trade opposite site. How long time that position not coming to same trend that time I waiting for that. After that close one side to come to the nearest to my open entry. I am using in this way.

[joya]

it will be done with me when i am not analyze the market and put a trading order and at this position i want to putt the take profit and stop loss and more chances to close it because i loss is small then i can recover and if the margin call is act then i can not do nothing

[zaish]

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

main to trade ko ager wrong kr do to usi time py us ko opsiyt lmain trade laga daita ho jis sy mujy kam loss hota hy othewise is main trader apna kemti capital loss kr daita hy or forex main wohi trader successful hy jo is main capital ko sahi manage krta hy is lea koi bhi trade soch samj k legani chahea

[rzza]

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?

hi,
usually the expert trader will say, cut your loss immediately.
but for me, i myself find hedging more useful.
i will let the positions floating until it's close with profit. but of course will a strong margin to back me up. if not i will certainly meet overloss account.

[truegoa]

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

That will be better for our account when we know if we need to cut our loss. Some traders just stick open their false trade and hoping the price movement will just come back to their position's direction. That will never be wise if just based on hope since that high risk to harm even destroy our account's life. Better for us to limit our loss by cut it once our trade can be analized as fail trade.

[diljaladj]

Normally most people let it go on as sometimes a mistake can bring profit but if you are really sure that it will bring you heavy losses than obviously you should closed it instantly to avoid further losses but from my experience i always get in profit because of such mistakes.