DislikedA position that goes against you is not necessarily a losing position. If you think it still has the potential to be closed at a profit, you shouldn't care about the temporary loss - it is a cost of doing business. If you think, your original idea to put the position is no longer valid, then you really have a losing position. The best way to rescue it, is to close it, and save your account so you can open another position with a better odds of success. The point of trading and investing, is to keep your money in the best possible asset/trade at...Ignored
Positions which go against you will always happen, the trick is not holding on to long, as soon as the momentum is going the wrong way you want to be out and possibly flipped to the other side.
I used to let them run against me to differing MA's but more often than not if it has the strength to get there, it won't reverse it keep on going.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!