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

[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?

mere khial main jab app se wrong trade lag jay to thory se loss pe humain apni trade close kara deni chhaye aor ager app ko lagta ke market wapis a be sakti hai to wait be kar lena chahye main to ager aisa ho jay to us trade ke opposite dosri trade laga leta hun aor dono trades ka he profit uthata hun loss main band be kion karain hum

[embrio]

if I knew that I had opened the wrong position, then I would immediately cut loss or close my position, my problem is not a disadvantage, because if I go then I will experience even greater losses.

[sazzad]

If i open any wrong position in this market then i have to close this position immediately because i do not want to take any high risk and i will give another trade on the basis of trend and i think it will be very good for me.

[rathod]

I always tried to discipline. I always put a take profit and stop loss at the beginning of trade. with bagitu, even though the price moves against the position, the loss in accordance with that we put sl. This is the risk of forex. we should be able to accept it.

[sayem]

I think that time i firstly see what my position in profit or loss. if profit I close my position or trade and if not or if see my position is in loss then wait and trade that long time to recover. but balance also big factor hare.

[ceestech]

sometimes what i do is to watch the direction if it has the hope of reverting in the next session if not i hedge the trade.

[Maham Gill]

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?

kabi kabi trading main asa be hota ha hum wrong postion open karta han or esi ke waja sa haama boht sara loss earned karna parata ha esi waja sa to hum achi or best trading nahi kra pa rha han or trading main kafi loss earned hota ha..

[abdillahikbal]

I try two kind of solutions :
First I wil open new possition using largest lots and closing my wrong possition
Second, I am using hedging mechanism to save my money at wrong possition

system a good system, but when put into practice will be very difficult to come out for beginner trader like me, first I tried to hedging, but this thing never even thought I thought appear erratic price moves only at the center of the center would open my all taxable income items ultimately due to lack patience then I close all my OP, since anxiety may

[ernestina]

If I open position the wrong way, I will watch it run if perhaps it will turn out to be good trade. When I see it will not become good trade I will still wait to see if I can close at zero price (no profit not loss). If not I will just close the trade at smallest possible loss.

[biyen]

I try two kind of solutions :
First I wil open new possition using largest lots and closing my wrong possition
Second, I am using hedging mechanism to save my money at wrong possition