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

[awais]

i will just close it with accepting that lose because i do not want to lose my more capital by my mischievous mistake . if mistakenly you have opened it so we have no any other choose to do just accept it rather you lose any more capital

[biyen]

Usually I feel so bad if my possition is wong and try to trap me. If I am not so sure with the possition, usually I do my bad desission, cut loss and closing my possition before I lost deeply. I am usially cut my possition before reaching 20 pips and let it gone. I try to do savely trading

[ayakcalysta]

I agree with you that it's better if we close our trade had been proven wrong in positioning and more waiting to get another chance in this trade because there will always be a good chance as long as we are prepared to wait in our trade

indeed sir, I agree with your opinion that we are running in the forex business then we would expect to be able to control your emotions and be patient in analyzing the market so that we can benefit in the forex business.

[didikebenaran]

In such conditions,its better to close that trading order at once instead of just waiting that to bounce back .
Traders have to accept the minimum loss because of their fault and again start with a new idea and strategy as soon as possible as our main target should be earning profit and trade positively. .

I agree with you that it's better if we close our trade had been proven wrong in positioning and more waiting to get another chance in this trade because there will always be a good chance as long as we are prepared to wait in our trade

[esporti]

i always prefer to discipline, try to earn and evit the lose right after open a position when i know it going to lose anyway

[chaya12345]

Its better to close that trade immidiately because its better to close it on other wise if we keep it than may be it bring loss more than our expectation. so i always close and when i get a enough profit from what i expected if anyone would want more than that will come over with loss

[zahidrock]

When i face this type trouble on my trading on that time i try to recover my losses balance with hedge system. And i can easily do this on my trading. I think hedge is the best on that time for recover losses balance.

[coiruahmad]

If indeed we are wrong in taking the op should we wait whether the market moves against your position.See whether any time frame to move in the direction or not.If that is the direction we should all do not hesitate cutloss and plug in the direction op market.

[rakib25]

I just cease my business when I believe it goes agaist my orientation, but after final in loss and when I see that it goes at that measure where I set knob loss then I became so untold foiled then, I anticipate it needs much participate and knowlege to cognise the content of trade..

[julianambas]

position of the entry is wrong?? I think if I did the entry position then the entry is through the analysis that results in a valid signal. If entry points I make loss then entry is the entry I was wrong and will soon be doing actions that a viable solution. i.e. cut loss or do the opposite direction. text entry or I'm doing locking in hopes the price will turn