What I can advice is for the trader to be good, and others will follow. And becoming a good trader is never a bad thing for traders, but it is usually a tough thing to realized. Trading is mostly good when the trader have the determination to make it, and doing the things which will cause them to be discipline, it is very important in that manner.
no i don't close my losing trade and this make a big problem to me because i trade without stop loss and when the trade loss i open more and more trades to compensate the loss trade and this make me earn very good profits by the trading by this way but in one time this way make me in loss because if the price moved against me for 100 or 200 pips i always reach margin call and lose every thing
i think it is better to face small loss then being wiped out from the market. so sometimes i close trade with loss and i do not get worry due to that loss. my all decisions are based on market circumstances of that time so it is not true in all cases that i really open or close trade on specific timings.
not all, sometimes I allow my losing trade because it will retrace to my own favor. you have to be extra careful when you have position in the market, when you have a running market do a proper analysis to know were is heading for the safety of your account? also if you have running market check the capacity of your account whether it will carry it or not, if your account can not carry your running market close it for safety
When i started as a newbie i had an experience, i opened a trade and the trade started going on an opposite direction, i decided not to close it with the hope it will change direction but it never did and i lost much, so i do close my trades when it starts losing from 12 pips and above.
For all time i never close my loosing trade. And all trade for first few minutes show you loosing value. But after few moment it will start movement for more loss or return to profit. So when you place a trade that time you need to monitor the market. And if you able to control your greed then after few moment when it become to profit amount then only you can close this specific trading. using this policy will help you to earn. it will be small but some day this small amount will become a big investment.
No I do not close my losing trade all time.When I can understand market movement ,I use stop loss and take profit in my losing trade.I think it help me hand of big loss or earn profit.I think stop loss and take profit is very very helpful for traders.
Closing the losing trade or does not close, it all depends on the circumstances. If according to the analysis, the price is still a chance to turn around, then I will wait, though in a state of floating, if capital is still sufficient. But if the price is no longer the possibility to turn around, then I would have to cut losses. Sometimes the predictions do not correspond to reality. So, my advice we should have good money management.
Well not always sometimes I keep my losing trade open be Use a lot of times the trend comes back to the same place so I look for that only and in that way I can convert my losses into the profits and I get lucky most of the times regarding this and I make the profits.
Once in a losing trade and there is no chances of market reversing the best thing to do at that time is to close them because, the more we stay in the market the more exposed we become. Every trader should plan their trading from the onset knowing when to take their stop loss and take profit.
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