...loosing trade

Hello guys and gals!
I would like to know what technical method (averaging, hedging, s/l, cut by market, other?) you are using for a losing trade.
p.s. I trade intraday (1min).

:-)

Stop trading on lower TFs to cut losses.

yes, it is an option. My goal is to start trading 5-15min charts.

Hi,

Use your mouse button. When trading those time frames, bring up the "close order" box as soon as the order is placed and be ready to kill it if it does not go as expected.

ok, let me put my question other way.
I want to trade EUR/USD and GBP/USD (both are trending pairs and the spread is low). If position goes my way (+) after 25 pips I open 2nd position into that direction. If position goes 25 pips the other way I choose to hedge. Unlocking sometimes work, sometimes not (I can have as much as 3-4 locks).
p.s. I trade 5 min graphic (on demo) but I know that on trending pairs averaging is enemy...

You have -40pips on EUR/USD. What would you do?

Hola creative_77,
u must know what type of trader are u..u probably dont suit with small TF or maybe not..u need to try every single TF and system or create ya own system/style of trading..its a learning process..

good luck bro!

Thanks for your replies guys and gals! Much appreciate. Here is my balance (see attachment).
p.s. on dioganal is number of deals; vertical -> $ ;-)

Do you use an EA or trade by yourself?

Averaging is fine if you planned the trade that way at the start but you get clueless fools who take a trade and when it goes against them they start adding rather than accept they were wrong! Typical novice mistake! Sure they may get away with it a few times but eventually they'll get burned, it's only a matter of time!

Pretty much anything goes in trading, as long as you've planned for it before you entered - plan the trade, trade the plan.

"If position goes 25 pips the other way I choose to hedge" - why do that? Why tie up valuable capital and spend time and energy managing a bad trade? If it's not doing as you expected then just cut it and leave youself free to trade something else.

"You have -40pips on EUR/USD. What would you do?" - well what was your plan when you opened the trade?

Nice equity curve by the way, as long as the reasons for it are right!

I used to trade AUD/NZD (intraday trading) and averaging 2-3 times worked fine for me (I remember there very few days in last year when I did 4 averaging and and lost ~10% of capital. risky business, though :-) but since the pair was moving up and down everything was fine. Currently there is no market for AUD/NZD (my strategy) so I decided to go with trending pairs.
I trade GBP/USD nad EUR/USD because of low spreads and my last trade was
-40 (obviosuly the trade went against my expectation).
Actually it is lock -40 (I trade with fxcmmicro). My question then would be how to unlock this lock? Simply add a 3rd position and close all to ZERO. Sounds easy but is there any other way for doing things? ;-)
Thank You!

OK, I made myself clear regarding loosing trade. I believe these techniques will help me to achieve better trading results.

1. Cut losses fast.
2. Never enter your entire position at one price.
3. Never use inverted pyramiding.

Happy trading! :-)

p.s. As to trading I use no indicators and don'u use any stop losses.

If you really wana be successful and be on the road to profit you should learn from your bad trades. Never repeat the mistakes. Find a method , stick to it , manage your trades well , stick to the rules ( if you do not have rules , then find rules which work) and you will make progress.
Adding to losing positions is not wrong. It is how you do it ( rules) that will make you profitable.