Experts Please Advice

I have opened few positioned but they are not favourable to me. With the Italian Referendum I need to protect my position. Now all my positions are negative. Please someone help me to protect my trading.

Thank you.

just close them when the market reopens tonight and open them again tomorrow evening. thats easiest and most effective protection that exists and cost you nothing more than any other protection you could get/find/set up.

It’s harsh, but this might be the lesson you have to have.

You need to have a plan for each scenario that might occur BEFORE you enter any trade. So simply put just know what you will do if price goes against you and know what you will do if price goes your way.

Having a stop and sticking to it can be the best risk management procedure for new traders. Yes you would have been stopped out here locking in a loss, but that also means that you live to trade another day with zero chance of you blowing your account.

Good luck heading forward man, you’ll get there!