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

[eddy]

things I do when I take one of the open price of the current price then what I do is make modifications by using stop loss orders or also use the buy sell stop loss take profits could cover the open price of the last one will get a small profit or loss too small

[owlapdakdajnwa]

For me i'm wait till the first reversal and then i cut lost because i think holding lost positions in a long times is not great you can lost big and earn profit short it is not normal of the winning rate ratio and you should changes its !!

[Mr.JoCKeR]

han ye to mugh se kai dafa hota ha main khud bhi akser aesi entry kar beteta houn or bad main mugh ko pata chalta ha k main ne ye entery kafi ghalat time par ki ha to us k bad main wait he karta houn takey condition mere haq main ho

[aariya16]

I invariably tried to discipline. I invariably place a take profit and stop loss at the start of trade. with bagitu, despite the fact that the worth moves against the position, the loss in accordance therewith we tend to place Shining Path. this is often the danger of forex. we must always be ready to settle for it...........

[ayesha faizan]

i imagine that off and on again it happens that because of the force of forex trading and we can open a wrong position so it is the most ideal route to acknowledge that spread loss and shut that position on the grounds that assuming that we keep it open then it could be demonstrated more hazardous and can make us to detached alot of cash.

[rajkumar1991]

jab humse koi galt order lag jay to hume usse turant hi nhi band kar dna chahiy thoda wait karna haiy jab wo 0 me a jay tabhi hume ise band kar dena chahiy jaldi basi nhi karna chahiy nhi to nuksaan ho sakta hai .

[lisan]

The manuals of trading platform to learn how to trade with all the tools available secondly go to come forget other sites for the moment and stick to it and thirdly Forex forum and forum with the as know is creature of all things in this world got this site benefited for earning money.

[shazer ehsan]

I think you should close the order as soon as it is revealed that you have open a wrong trade. Its better to get a little loss than to get a bigger loss.

[solomonfx]

mental readiness was the most important according to me. because in trading especially for beginners will often experience loss even margin call. if from the beginning we were not mentally ready, then it could be when we experience mc be frustrating.

[fariza]

if open wrong position in my trading i will cut loss because i dont want to loss all of my
money only in that time so i will wait until next momment to get in the market in the right position.