Holding A Losing Position

Hello All people from all around the world

i wanna ask some question, because this is happening on me lately
i was buying gbpusd and eurousd, after i buying a few moment later
it drop like hell, i was holding that trade for a week and still in loss posisition
the yesterday i finaly cut the loss, its pretty much eat my balance account

now i wanna ask to you guys, are you buying gbp and euro when drop like hell, same as me
or youve been in the condition like me, holding loss posisition for more than a week

the question is, what are you doing in this condition?, holding a losing trade

Linkback: https://www.forex.zone/general-forex-discussion/1/holding-a-losing-position/1475/

If I get a loss, sometimes I make a cut loss if I am in the wrong direction, but if I experience a loss, but if the previous entry matches the overall trend, then I will hold where I put the profit.

ooohh okayy, thanks for the answer! 

Hello All people from all around the world

i wanna ask some question, because this is happening on me lately
i was buying gbpusd and eurousd, after i buying a few moment later
it drop like hell, i was holding that trade for a week and still in loss posisition
the yesterday i finaly cut the loss, its pretty much eat my balance account

now i wanna ask to you guys, are you buying gbp and euro when drop like hell, same as me
or youve been in the condition like me, holding loss posisition for more than a week

the question is, what are you doing in this condition?, holding a losing trade

Good trading is not recommended to hold the position for too long, we should put a stop loss instead of wasting time holding back the floating, which in the end will not necessarily profit even more drain our margins.

Hello All people from all around the world

i wanna ask some question, because this is happening on me lately
i was buying gbpusd and eurousd, after i buying a few moment later
it drop like hell, i was holding that trade for a week and still in loss posisition
the yesterday i finaly cut the loss, its pretty much eat my balance account

now i wanna ask to you guys, are you buying gbp and euro when drop like hell, same as me
or youve been in the condition like me, holding loss posisition for more than a week

the question is, what are you doing in this condition?, holding a losing trade

I will cut losses, let losses make the losses bigger, it's dangerous for my account.

so you pick to cut it immediately? what the reason you cut it?

Cutting off losses after re-analyzing and ensuring that I open the wrong position, allowing losses will only make my capital run out.

when my loss will cut loss if I think the movement of the candle will get worse

Hello All people from all around the world

i wanna ask some question, because this is happening on me lately
i was buying gbpusd and eurousd, after i buying a few moment later
it drop like hell, i was holding that trade for a week and still in loss posisition
the yesterday i finaly cut the loss, its pretty much eat my balance account

now i wanna ask to you guys, are you buying gbp and euro when drop like hell, same as me
or youve been in the condition like me, holding loss posisition for more than a week

the question is, what are you doing in this condition?, holding a losing trade

Because I learned from experience, I prefer to put stop losses on each of my trades. One of them is to anticipate events like that you experience. Certainty of future market movements we as traders will never find out. Therefore we should be able to always limit the risk of loss that we will certainly experience. In addition, with us holding the floating in a state of loss too long is also not efficient for our trading activities.

Hello All people from all around the world

i wanna ask some question, because this is happening on me lately
i was buying gbpusd and eurousd, after i buying a few moment later
it drop like hell, i was holding that trade for a week and still in loss posisition
the yesterday i finaly cut the loss, its pretty much eat my balance account

now i wanna ask to you guys, are you buying gbp and euro when drop like hell, same as me
or youve been in the condition like me, holding loss posisition for more than a week

the question is, what are you doing in this condition?, holding a losing trade

I always use stop loss 40 to 50 pips from the entry position. so no need to worry about the original balance using the appropriate mm. I don't dare to take more risks