* Emotions in trading
This is very common and I can give my own example and own experience for this:
For example, you entered a trade and before you entered a trade you already have the plan for an entry price, stop loss price, and exit price.
The position is already open and you are already in profit suddenly you saw some news or post on social media which causes a price drop, and then you panic and feel to close your trade immediately even if the stop loss price is not yet met.
See? Your emotion ruined your trade position even you already plan everything before you open a trade.
Emotions in trading is something that we can’t easily get rid of especially if you are weak and easily fall on your dumb emotions. But know that when you enter trading, the more you rely and get hold of your emotions, the more you will doom to failure and losses. That’s the reason why you need to stick with your original plan and not settle on taking a new plan, otherwise you will face inevitable losses because of your hard to control emotions.