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Holding A Losing Position

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If we hold back loss positions according to the plan it is not a problem, but if we hold back loss because it doesn't want to accept the loss, then it's the beginning of the disaster
#61 - July 13, 2021, 09:46:21 AM

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it is completely wrong, the wrong position should be terminated rather than your money runs out continuously, for that we should be careful in analyzing do not carelessly in open positions
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#62 - July 13, 2021, 07:29:44 PM
« Last Edit: October 22, 2021, 12:42:30 AM by artasu »

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this is also something wrong if I think, because holding a position that is clearly wrong will have an impact on psychology that is not clear and tends to be emotional
#63 - July 14, 2021, 05:01:10 AM

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Holding the loss position cannot be careless, we can only hold the loss position when we have planned from the beginning like that
#64 - July 14, 2021, 05:56:25 AM

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withstand losses as long as you believe the analysis that the price will return, plus a stop loss system.
#65 - July 14, 2021, 07:27:14 AM

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if we hold a losing position just because we hope, then it will be very dangerous for our trading continuity and will become a habit
#66 - July 14, 2021, 01:37:29 PM

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we should not continue to hold a losing position or floating minus because it shows you can't play trading, it's better to use a stoploss
#67 - July 15, 2021, 01:07:28 AM

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When we hold back the position of Loss Make sure it is in accordance with our trading plan, otherwise you should quickly close it because it can be a disaster
#68 - July 15, 2021, 01:43:10 AM

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at floating minus, it's best if you just cut loss because whatever we never know until when the floating minus happens, that's why I suggest you use a stop loss
#69 - July 17, 2021, 12:52:54 AM

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Traders who do not have a clear concept in their trading will on average think to always profit. usually their thoughts are when profit wants to be cut profit immediately so that the results can be felt, but when experiencing floating loss, they are left in the hope that the price can return to profit.
#70 - July 17, 2021, 10:44:25 AM

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this is my message, do not like to hold a position that is clearly the wrong direction, determine how many points you consider wrong, if for example you have floating as much as 30 points you should cutloss or use stop losses because the more you hold the more losses you
#71 - July 22, 2021, 03:20:06 AM

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I sometimes wonder with that type of trader, they are willing to lose their money for something that is clearly wrong, I do not want to be like that because they do not deserve to trade forex actually
#72 - July 24, 2021, 12:46:25 PM

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holding a position for too long will have a bad effect on your portfolio, because holding a position loss is just like you waste your money in vain, so you don't do that anymore
#73 - July 25, 2021, 09:17:33 AM

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From my experience so far, it turns out that it is not effective at holding floating minus for too long. it is true that one day the price movement will definitely reverse towards the original OP point but it takes a long time so a lot of time is wasted. it's better to cut loss immediately and make a new OP in the same direction as the price moves so that it always follows the trending direction.
#74 - July 25, 2021, 09:39:12 AM

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never once try to hold a minus position that is too severe because it will only eliminate your own balance, do not expect the market will reverse direction because it is up to the market in power we can only follow it
#75 - July 25, 2021, 09:05:47 PM

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