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

[azanraza897]

yea first thing to do open again trade in profit opposite to that to counter the loss
my strategy for loss stop and wen both are done im done

[Nawaj hussain]

bro mera agr trading wrong ho jaata hai to mai apni trading zald se zald close kar deta hu or uski jagha dusri trade suru kar deta hu jis se mai market se profit kar leta hu or apna loss recover kar leta hu foredx mai humesa humy aleart rahna zaruri hai kyki yaha kabi kabi kuch esa ho jaata hai jiska hum koi andaza nahi laga paate hai ....forex ik accha business hai jismai humy bahut he active ho kar kam karna padhta hai

[sdcfesco]

If i enter for a wrong entry i wait for the the trade for five minutes. If the trade comes in profit its ok otherwise i stop the trade in the loss.

[dareking]

I will cut loss the wrong positions as soon as possible to keep my risk low. If i do not cut loss the positions, then i will get more losses. It is not good to let it happened. I think it is very important for us to keep our trading risk low, and avoid mistakes in our trading, so we will not get more losses

Bhai sahi kaha agar aap apni trade ko turant band nahi karenge to apko ushi trade mein aur bhi jayda loss ka samna karna padega bhai, yaha par humare ko galat trade ko turant band karna hota hai bhai.

[amind]

I will cut loss the wrong positions as soon as possible to keep my risk low. If i do not cut loss the positions, then i will get more losses. It is not good to let it happened. I think it is very important for us to keep our trading risk low, and avoid mistakes in our trading, so we will not get more losses

[fxearner]

han g bhaiya g agar tu koi chance hay k market ma hamari favour ma move kar sakti hay tu phr hamay wait kar laina cahiyay lakin agar aisa koi chance nh hay tu phr hamay koshish karni cahiyay k jald az jald es ko close kar day .

hanji agar koi trade market me reverse ja raha hai to usmein wait karna he nahi chahiye uss trade ko trader ko jald he close kardena chahiye kyunki asia karke he trader yahan achha kar sakenga,ess business me achhe se sochlena chahiye..

[naziakhan]

Bhai ji agar market ke favour mein aane ke chances honge toh main wait karunga aur trades close nahi karung stop loss ka use karunga agar mujhe lagta hai ke marke against hi jayega toh main trade ko close karna hi sahi samjhunga.

han g bhaiya g agar tu koi chance hay k market ma hamari favour ma move kar sakti hay tu phr hamay wait kar laina cahiyay lakin agar aisa koi chance nh hay tu phr hamay koshish karni cahiyay k jald az jald es ko close kar day .

[Fxwin]

Humen jaise hi pata chalata hai ki hum koi wrong position open kar liye hai to phir humen usko jald se jald close kar dena chahiye aur aise kisi bhi situation ko handle karne ke liye humen pahle forex market ki technical analysis karne ki jarurat hoti hai aur stop loss ka use karna bhi most important hota hai.

[Pardeep7651]

Well in that situation i will only wait for automatically closed my order because when if due to wrong decision we get loss then to equalize that sometimes we open more order to overcome but sometimes it may leads to more loss so better to just wait and watch.

[dareking]

Bhai ji agar market ke favour mein aane ke chances honge toh main wait karunga aur trades close nahi karung stop loss ka use karunga agar mujhe lagta hai ke marke against hi jayega toh main trade ko close karna hi sahi samjhunga.

Haan bhai agar market apne favour mein hai to trade ko close karna humare liye befkufi ho sakti hai, lekin trend kab badalega ye bata nahi sakte hai bhai, trend yaha par badal jata hai, to humare ko loss ho sakta hai bhai.