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

[shribalajimaharaj]

hanji agar trader ne stop loss nahi use kiya hota hai to usko ess business me kaafi bada loss ho saakta hai,yahan trader ko stop loss lagana bahut he jaroori hai fir uske baad he wo ess business me achhe se kaam kar sakenga..

har trader ko stop loss ka use karna chahiye ye tool bohot acha hai iska use karne se bohot fayeda hota hai trader ka bada loss hone se bacha deta hai jo trader iska use nahi karte hai wo apna bada loss kar dete hai isse capital safe rehta hai

[minok]

yes dear, to me I personally do consider that in forex trading wrong passion trade is very tension-able for us. We should very careful when we will open any trade. I use zero take profit when I open wrong position trade.

[Uhuru]

really rough but I usually wait for it to be close to where I can be okay in closing it and then am done and then i have to run a new thing in trading forex so being sure that there is a starndard way of trading forex is the best way and can work well in certain area that are well process ed and well interfered with so some reason are well booked

[fxearner]

ji trading mein stop loss lagana hota hain taki yaha par wo trader safe ho sake bina stop loss ke yaha par to trading bhi karna nahi hota hain is tarah se to usko kafi bada trading mein loss ho sakte hain hamesha stop loss lagaye

hanji agar trader ne stop loss nahi use kiya hota hai to usko ess business me kaafi bada loss ho saakta hai,yahan trader ko stop loss lagana bahut he jaroori hai fir uske baad he wo ess business me achhe se kaam kar sakenga..

[eniolafxt]

If i place a trade i will first look at what i want to lose in the forex market that i enter and after that i will try to place the order and if i notice is wrong order i ll leave it to hit my stop loss order because know one is controlling the market and the market may come to profit

---------- Post added at 01:42 PM ---------- Previous post was at 01:28 PM ----------

If i place a trade i will first look at what i want to lose in the forex market that i enter and after that i will try to place the order and if i notice is wrong order i ll leave it to hit my stop loss order because know one is controlling the market and the market may come to profit

[sana01]

it is the best way to accept that spread loss and close that position.because if we keep it open it better immediately close the open position if you know wrong entry. to avoid worse loss, and also in order to open a fresh trade

[erlangga]

When i know that i have opened a wrong position, then i will close the position. It is much better for me to get small loss, than get so much losses if i dont cut loss the wrong trades immediately. It is a common mistakes that we can do in our daily trading, and we can avoid big loss by close the trade immediately

[naveed_ahmad6864]

han kbhi kbhi aisa ho jata hai ke wrong position click ho jati hai lkin aggr mere bare mn poocho to mn thra wait krr leta hn aggr to positive mn chli jaye to jesy hee positive ho mn close krr deta hn orr agr negitive jati hai to mn phir bhee close krr deta hn kyun ke inse zyadh loss bhee ho sakta hai

[umair121]

hi agar aisa ho to main is kaam main boaht ziada nuksaan uthaun ga or is main agar to ziada profit ho raha hai tujhay to fit hai, or agar aisa ho k galat kaam ho jay agar to investment ziada hai to aap ko wait karna chaiy warna trade off is best idea,

[m.shahid]

Agr hum worng position pr entry daal detn hain to phir usi time close kr dyn tah k zyda loss se bach jaye. or sahi time ka intazar kryn or phir entry kryn to hum loss ko recover kr skte hyn. is myn confidence ki zarorat hoti ha. apna positive think rakyn agr ap ne sahi entry ki ha to thora wait kr lyn.