What you will do.when you position 300$+ loss?Close or not??

[gulab]

i dont care when a market goes in opposite of me and i have a clear idea what will i do when the market goes so many pips opposite of me i mean it is pre planned before opinion a position.

[cozard007]

This is just an absolute problem in the realm of forex trading, the trading will be absolutely cut of since 300$ is still a small portion of the account (I believe), you need a better trading really.

[trading4life]

in my puiont of view first of all, you should apply stop loss on your trades and do not let it go so much in loss...but if you are already losing such big money

[leherchand]

Good question, i have fallen this type of problem when i was newbie but i did not close my trade because my account balance was very big and after some days my all of loss trade gave me profit and if you have low invest then you should close it , now i use stop loss in my all of trade.

[girin]

i think this good close the trade after get the high loss and sign with a unspoilt strategy as if your luck is bad you can loss any many quantity.Specified condition shows that you are using big lot size or not putting any grab loss .

[Sun-Moon]

i want to know from fellow members..
what you will do when your position is 300$+ loss..my current position in silver with 340$+ loss..
i am not able to decide did i have to close it or not.
Even, no expert comment from fellow member on silver in live discussion area..may be..they are sleeping.so what i have to do now??
please guide me in such tough situation

At first I will take a position according to my main balance. It may be 2% of total capital. If price hit my stops, I will just get out from the market.

[Farhad]

well, in this situation you should close your position.

[nomz]

i always make use of the trailing stop in such situations and there is one thing more that we have to be very much making an eye on the news as well so that we have a better idea of the trend reversal

[doyinfaloni]

well fellow trader the truth of the matter is that forex trading is a very risky
market so the trader should be aware that the forex market is a very risky market,but if i am to answer the question
if i am in that situation i will not close the market i will hope that the trend will soon go along my predictions

[yasir dhoom]

yeh depend krta hai mere capital par agar mera capital 1000 dollars kay ass pass hai to main trade close kr don ga or agar mera capital 15000 hazar say uper hai to main trade close nai kro ga koun yeh capital kay hesab say kafi kam profit hai .