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

[ramsha aliza]

it is the most ideal approach to acknowledge that spread loss and close that position since in the event that we keep it open, then it might be demonstrated more hazardous and can make us to detached alot of cash

[ishvara]

As soon as i discover that there is a mistake in the trade that i opened, i quickly close such a trade. This is because in forex trading, we should not use any wrong analysis or allow a losing trade to continue

[oussama.]

helo ebery body
thank you for posting
its a very good subject to disscus
including a very important informations

[nvd.adil]

i just close the position urgently that is suitable for me instead of that i get more loss that can change my financial position. if you feel your mistake at same point then do not hesitate from changing your decision.

[bablu7832]

If we have opened a trade then we must wait patiently for the trade to conclude automatically by either hitting stop loss or take profit.We must trade only after complete market analysis and never take high risk.We must never get panic after opening trade.

[fxearner]

Stop loss laga kar hi trading karne ka fayda hota hai, kyunki sabhi orders hum sahi nahi laga sakte hai, aur jab hum jaan jaye, ki order galat lagaya hai, to stop loss hit hone se pahle hi order ko close kar dena chahiye.

hanji bhai mai bhi apni sabhi trades mein stop loss jaroor lagata hoon,kyunki mujhe pata hai stop loss bahut jaroori hai aur jab bhi mujhse kabhi galat entry ho jaati hai tou mai uss trade ko jaldi se close kardeta hoon,stop loss ki wait nahi karta hoon..

[axe]

i hope market moving will change as my estimate but if it do not work i will stop my trading even it take loss because if continue i will take so many loss,so becarefull for open position small mistake make us can take so many loss.

[dareking]

ma market ko pahley analyse karta hon phr trade open karta hon phr be ager wrong direction ho jae to stop loss strategy istmaal karta hon. i think hume is condition ma ziyada wait nahe karna chaheye close krr kay new position ka plan tiyar karna chaheye.

Stop loss laga kar hi trading karne ka fayda hota hai, kyunki sabhi orders hum sahi nahi laga sakte hai, aur jab hum jaan jaye, ki order galat lagaya hai, to stop loss hit hone se pahle hi order ko close kar dena chahiye.

[greener]

well there is only one thing to do when you open a wrong position which is just close the trade and accept the loss because mistake is a part of forex so close the trade and open the right one

[sheeda]

ma market ko pahley analyse karta hon phr trade open karta hon phr be ager wrong direction ho jae to stop loss strategy istmaal karta hon. i think hume is condition ma ziyada wait nahe karna chaheye close krr kay new position ka plan tiyar karna chaheye.