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

[ghysalgreen]

when its postion come then we decide but if the loss is more then 100 dollars then mostly i lock the trades like as i trades on them the against on the trades

we calculate the losses should be based on the percentage, if we can calculate the losses that we experience is based on a percentage, we will definitely be more comfortable trading

[truegoa]

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

lol. in any next time, consider to use little tight stop loss to avoid your trade float that much. I suggest you to just follow the trend, be careful reading your signal and enter the market wisely. If market move againts your position just start your back up plan or just cu its loss and start position which follow the new trends. Well, that works for me, hope will works for you too.

[zeshan]

when its postion come then we decide but if the loss is more then 100 dollars then mostly i lock the trades like as i trades on them the against on the trades

[rathod]

I think I have to decide how much money IO have in back and then see how long I can survive in market so I never want to close positions which are negative unless I have overall profit so I would like to wait for few months even. so forex is game of patience

[syphertob]

then it is better to close it in loss and avoid further losses and save some for trading and In fact I won't let my price to go to that big amount in negative floating so if you open it sell and it moves up then hold it and wait for retracements.

[kiran]

in my experience the basic strategy to help us from mistakes in taking the position that:

1. One target shoot with SL OR TP

2. Grid is a specific strategy used only in the market who are quiet

3. averaging, strategies that are common for the market who are trending

4. cut and switch

5. cut and double cover

6. hedging

7. interpair hedging, its strategies must consider the correlation between currencies

[omofx]

close the position and forget about it we all make loss in forex but how you manage it is very important and beside you need to place your stop loss when you open a position it take care of emotional trading

[sayem]

When my position is 300 loss i try to recover my loss and if my balance or equity can stay more then i trade long term trade. but if my balance is low i stop trade instantly.

[puri]

yeh asal me hamari capital par depend karta hai agar harami 10,000$ ki capital hai aur 300$ ka loss ho raha hai to close kar dene me koi harz nahi hai, lekin agar 400$ ki capital par 300$ ka loss dikha raha hai to 75% ka loss to vaise hi ho raha hai 25% ka risk shayad 100% vapas dila de - chance le lena chahiye.

[ishvara]

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

The main way that a forex exchnage trader can actually prevent this problem is through never making that mistakes at all. You should close the trades depending on the strategy because 300 pips loss is possible in a long term trading.