Forex Zone - Forex Forum
  1. Forex Zone - Forex Forum
  2. General Category
  3. General Forex Discussion
  4. Holding A Losing Position

Holding A Losing Position in General Forex Discussion_67f83ac065b44

Holding A Losing Position

Discussion started on General Forex Discussion

Print
Pages: 1 ... 47 48 [49] 50 51 ... 74   Go Down

Ikhtiar

VIP
  • Hero Member
  • Posts: 20255
  • Points: 3964
  • Likes Received: 456
  • Reputation: +4/-0
You have to make a trading plan first and carry it out consistently so that you don't hold on to plotting losses for too long, you have to have the courage to cut losses because of course this is in accordance with your trading plan.
#721 - March 10, 2024, 11:27:03 AM

Vernalta

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
Holding a losing position is important, but don't make it too big because when you become more like that, you will have difficulty getting high profits.
#722 - March 14, 2024, 06:52:33 AM

Ikhtiar

VIP
  • Hero Member
  • Posts: 20255
  • Points: 3964
  • Likes Received: 456
  • Reputation: +4/-0
One of the basic skills that traders must have to reduce the risk of loss is being willing to cut losses. If they don't want to cut losses and allow plotting losses, it means that the trader has not mastered the basics of trading.
#723 - March 14, 2024, 08:25:23 AM

Sponsored

Holding A Losing Position in General Forex Discussion_6803a6c52eb12
#724 - Today at 11:04:48 PM

Dyandra

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
Holding a losing position is indeed one of the wrong things that you shouldn't do as a trader. So you should be able to try not to do that.
#724 - March 14, 2024, 08:28:53 AM

Nettawa

  • Hero Member
  • Posts: 32214
  • Points: 670
  • Likes Received: 46
  • Reputation: +51/-45
Holding a losing position is indeed one of the things you should not do. The point is that you are obliged to trade according to what you can.
#725 - March 14, 2024, 08:31:00 AM

Vernalta

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
holding a losing position is the wrong thing, when you do that, the possibility of losing will be higher. You should use a stop loss in this case.
#726 - March 16, 2024, 05:27:21 AM

Ikhtiar

VIP
  • Hero Member
  • Posts: 20255
  • Points: 3964
  • Likes Received: 456
  • Reputation: +4/-0
A trader who holds a losing position for too long means he does not comply with trading rules and ensures his account is in a dangerous condition and is vulnerable to margin calls.
#727 - March 16, 2024, 05:29:44 AM

Vernalta

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
This is the wrong example because when you always hold a position like that, it will make you unable to trade well and always make mistakes.
#728 - March 17, 2024, 04:30:00 AM

Ikhtiar

VIP
  • Hero Member
  • Posts: 20255
  • Points: 3964
  • Likes Received: 456
  • Reputation: +4/-0
Not holding losing positions too often is the main condition for successful forex trading. For example, for the GBPUSD currency you have to estimate how many pips the farthest range will be and if it exceeds it then you have to immediately cut loss.
#729 - March 17, 2024, 04:34:09 AM

Yengoc

  • Hero Member
  • Posts: 7558
  • Points: 138
  • Likes Received: 25
  • Reputation: +0/-0
This is the position that you should not do because when you always hold a position that you actually know is losing, then your money will always run out and it is impossible for you to always win in the future.
#730 - March 18, 2024, 09:53:04 AM

Sponsored

#731 - Today at 11:04:48 PM

Ikhtiar

VIP
  • Hero Member
  • Posts: 20255
  • Points: 3964
  • Likes Received: 456
  • Reputation: +4/-0
If you survive a margin call when holding a loss for too long, in my opinion it is lucky, because I see that few traders escape this case and more people make margin calls.
#731 - March 18, 2024, 08:05:28 PM

Yengoc

  • Hero Member
  • Posts: 7558
  • Points: 138
  • Likes Received: 25
  • Reputation: +0/-0
You should not hold a losing position because after all you have to have strong management. You have to have good management and you have to have an effective way of trading to be successful.
#732 - March 19, 2024, 08:56:11 AM

Ikhtiar

VIP
  • Hero Member
  • Posts: 20255
  • Points: 3964
  • Likes Received: 456
  • Reputation: +4/-0
Holding a loss position of more than 300 pips in my opinion is a bad thing, because of course it is outside the trading plan. Usually the ideal loss is around 50 pips, but sometimes we don't want to cut losses so there are lots of plotting losses.
#733 - March 19, 2024, 11:38:10 AM

Lyra

  • Hero Member
  • Posts: 20250
  • Points: 77
  • Likes Received: 10
  • Reputation: +0/-0
Holding a losing position should not be repeated because it is something wrong that you should not do as a trader who is an expert in that field.
#734 - March 20, 2024, 09:50:01 AM

Ascella

  • Hero Member
  • Posts: 19260
  • Points: 74
  • Likes Received: 4
  • Reputation: +0/-0
Holding a losing position. In my opinion, this is a wrong thing, which you should later understand. To do that, you need something called stop loss.
#735 - March 21, 2024, 07:24:28 AM
Print
Pages: 1 ... 47 48 [49] 50 51 ... 74   Go Up
  1. Forex Zone - Forex Forum
  2. General Category
  3. General Forex Discussion
  4. Holding A Losing Position

Members:

0 Members and 1 Guest are viewing this topic.


Holding A Losing Position in General Forex Discussion_collapse Refresh Activity Stream (It's automatically updated) Open Activity Stream in Popup Activity:


Kraken Crypto Trading