Mistakes are one of the best ways to make money. Nobody can succeed without making a mistake. But after making a loss in trading, we should not be greedy or give up this. Because for me Forex is the best online business. We can make a lot of money from here. And there are losses and profits in every business. So no one can make money without mistakes.
When I face a loss, without hesitation I close the position instead of thinking of an alternative plan, but if the position is for intra-day but if my position is for position then I think about the average, not close at the stop loss point, so I can get out of both positions quickly at some point of profit.