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I get this next question a lot. It's how do you reposition a type layer when you are in the middle of editing text. So, let's get this setup. I going to press T for the Type tool and I'll just click and start typing some 'This is some new text' and then you realize you want to reposition this as you are still typing. Okay, but the problem is most people instinctively remember that you can press letters on your keyboard to switch from tool to tool but you are in Text Edit mode, of course, that's going to enter a new text right. If I press the V to switch to the Move tool, well that just added a V to my text layer there, so I'm going to delete that.
All you need to do is just notice that your cursor, when it's not over the actual text, looks like the Move tool, which means just what it implies. You can actually reposition your text even though you are still in the Text tool. So kind of one of those things that seems obvious after you have seen it but you don't always think about it in the moment. The other thing, if you do hold the Command key down or Ctrl on Windows, it will actually temporarily draw a bounding box around that. So, sometimes that makes it easier to see the shape of the text layer and you can move it. Notice that Photoshop doesn't draw the letters as you are dragging but when you let go and stop dragging, it catches up to you and then draws the next text there in its new position. So again, you can drag anywhere. Once you have stopped dragging the new text, presents itself, if you hold down the Command or the Ctrl key, this lets you actually scale the text, if you want to do it proportionally, hold down the Shift key as well.
So I can do that without actually ever having to leave the Type tool and I can keep typing, wow! That's great and then to exit this, to apply it, just hit the Enter key.
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