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Forex Trading What will you do when you know you have just opened the wrong position of entry?
avatar Zoe19
Question by: Zoe19 - 11 Nov 2013, 04:57:31
What will you do when you know you have just opened the wrong position of entry?
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avatar user 1492
Answer by: Peet - 11 Nov 2013, 05:00:20

when I found out I had just opened the wrong position entry then I immediately take a look to the higher timeframe and the possibility margin that I have to cover it. if sufficient, then I let the floating minus, but if not then I immediately opened a new position in the opposite direction to the previous position.

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