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

[shribalajimaharaj]

Pahli baat to humare ko yaad rakhna hota hai bhai, ki hum agar koi trading yaha par kar rahe hai, to stop loss lagaye, market ka trend ek dum se badal jata hai, agar stop loss laga rakha hoga to loss bade se bacha ja sakta hai.

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

[dareking]

Pahli baat to humare ko yaad rakhna hota hai bhai, ki hum agar koi trading yaha par kar rahe hai, to stop loss lagaye, market ka trend ek dum se badal jata hai, agar stop loss laga rakha hoga to loss bade se bacha ja sakta hai.

[dafi]

Well dear, definitely I do believe your opinion is a good strategy if you are opened any position or orders wrongly. I am also maintain the same if I open any wrong position. After opened order and if it is wrong trend, I monitor/observed market for M15 or M30 and it is running negative trend, immediately I close it but if there is any opportunity that market can be move on my trend positively within H1 or H4 time frame.

[pakpa]

If we make a wrong entry, i think we should to close it as soon as possible. Because if the trades then move in opposite direction, we will get so much losses. It is much better for us to close it when we know that we have make wrong entry. it can help us to reduce the risk because of our own mistakes

[minok]

yes my dear, in fact I surely do believe that it is so simple that you can close the trade as soon as you realise that this is a wrong trade open by you and this happens with the experience traders also but what makes them successful is that they never shy from closing that trader at losses cause they knew it can give even more big losses if remain open.

[shribalajimaharaj]

jab bhi hum trade open karte hai to hum kafi baar trend ke against kar dete hai, to humare liye tab ye kafi important hota hai, ki hum us samay us trade ko close kare bhai, new order ke liye fir se analysis karna jaruri hota hai bhai.

jab trading mai loss ho raha ho us time par trader ko trade close kar dena chahiye us time par yehi karna sahi rehta hai aur sahi time dekh kar new order open karna chahiye aur pehle ache se analysis kar lena chahiye

[fxlife2015]

My friend we should close the account immediately and should wait for the right trend of the market and we have to trade with the proper analysis of the market and if we can trade with proper analysis then we can easily get the right Entry Points.

[dareking]

jab bhi hum trade open karte hai to hum kafi baar trend ke against kar dete hai, to humare liye tab ye kafi important hota hai, ki hum us samay us trade ko close kare bhai, new order ke liye fir se analysis karna jaruri hota hai bhai.

[sunila]

daikhy agar hum proper analyse kar laity hain laikin us k bad mai bhi humy pata chaly k position wrong open hoye hai tou humy chayay k hum us ka wait kary kio k ho sakta hai k trend ap k mutabiq chaly jou ap nay analyse kia hota hai is leyay yai mistake khud sai nahe karni chayay k ap is field mai closed kar dain apna account yai sahe nahe rahta hai...

[mubshar iqbal]

forx main agr wrong poistion per trade ho jay to main worry nahe hota main jo bhi trade karta ho wo mony managamant sy trade karta ho aur forx main markt ka long waut karta ho aur startgy sy is wrong trade ko cover kar lata ho .