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1. Stop the trade: This is very good but difficult for many traders to do it but if you do that, you have potential loss that you have saved.
2. Use of stoploss all the time: This help your losses to be minimal.
3. Try to adjust your stoploss: You can do this if your trade is already in profit and you suspect that it is going back to your entry price, so you can take your stoploss to entry and all the order to run for profit or it stops at your entry.
1. Stop the trade: This is very good but difficult for many traders to do it but if you do that, you have potential loss that you have saved.
2. Use of stoploss all the time: This help your losses to be minimal.
3. Try to adjust your stoploss: You can do this if your trade is already in profit and you suspect that it is going back to your entry price, so you can take your stoploss to entry and all the order to run for profit or it stops at your entry.
You've got some pretty nice tips up there. However, I like to think that what we do about our losing trades ultimately depends on the situation at that point in time. I mean, I've seen losing trades turn to winning trades and vice versa. Majority of the time, our analysis might be off by a few % here and there; say 0.5% - 2% then the trade resumes back in the direction we originally intended for it to go. I've seen professional traders that apply DCA at support levels to keep their positions open for as long as possible. Like I said, it depends
.