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    Thread: What will you do if you know a trade will go wrong? (11)

    1. #21
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      Quote Originally Posted by Sujit 227 View Post
      If i know a trade will go wrong that time i close my trade and again accurate analysis the market then trade the market. I will do more practice in demo account because practice makes a man perfect. I set the stop loss and waiting.
      if I have a losing trade or my trade goes wrong, then I will immediately place a tight lose on my trade and sometime I might just hedge my trade till I see a clear direction of the trend.

      ---------- Post added at 10:05 AM ---------- Previous post was at 06:35 AM ----------

      Quote Originally Posted by Sujit 227 View Post
      If i know a trade will go wrong that time i close my trade and again accurate analysis the market then trade the market. I will do more practice in demo account because practice makes a man perfect. I set the stop loss and waiting.
      If I really realize that my trade will go wrong I will jump out of the trade and wait for another opportunity to make money,and if another opportunity never cam, then I will just sit on my hand or go fishing or jogging.

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    3. #22
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      If we know that trade is going on wrong , then suddenly we close trade , we can't take risk . If trader don't close trade at right time then trade can destroy all the capital money . At this situation trader can open reverse trade for making little profit , sometimes reverse trading are beneficial . Remember that reverse trade are for small profit , don't try to make big profit from reversal trade .

    4. #23
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      If I can know that the trade will go wrong then I will close the trade from the market. And then I will try to open another trade which can bring profit for me. We should not carry the losses in Forex market. We should trade with less loss.

    5. #24
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      Some time our analysis become wrong which cause us in loss. When my trade goes in wrong way than i stop trading that time and reviews my mistakes and i learn from my own mistake. Again i do analysis the market and get latest news about Forex business and also i do practice that time in demo account where i again test my analysis and than i again start Forex trading.

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      The truth is that we can never really know if a trade will go wrong until the trade is already in motion. In fact, there are times when a trade will get close to our stop loss and then again such a trade will move away to hit profit. Therefore it is not always wise to close a trade early, just because you think that it will go wrong.

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      i think that no one can know the direction of the market . you only expect how the market will go but if you can expect that you have made a wrong decision and your trade is going bad so i think that you should close it or try to modify your positions

    8. #27
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      i will be honest with you guy and share my strategy for me i trade like a professional as much as i can so no emotions no fear that this will go wrong or i should close and open another one in the opposite direction for me i put my analyses and read the news that there is no news that will influence my position so i open it and put a stop loss and take profit and close it cause i knew that price has two directions stop loss or take profit this is how the successful traders works

    9. #28
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      if i am sure that a trade will go wrong before i trade it , my discretion will tell me to stay away from the market as that will amount to waste of hard earned money, but if i am in a trade already , and i perceived that, that trade will result into loss, i will cut my loss short and stay out of the market immediately ,and then look for better opportunity to trade

    10. #29
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      If i find the trade going against me then i can close the trade and accept the loss whatever in this trade,then i gather the market why the trade goes wrong what mistake i did,this will gives for me knowledge and next time i can trade very well.this is the learning process if every trader can follow will gives profitable results.

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    12. #30
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      I think personally, if I am wrong in doing trade I will take action to cut loss or I put a stop loss. if not I cut loss surely I would lose all my capital. probably a lot of traders who do like me. after that I will pause to reanalyze and wait for the right moment to trade again.

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