Quote from: Russlenat on Today at 09:52:08 PM

Quote from: GreatArkansas on July 09, 2023, 03:47:58 PM

Quote from: gunhell16 on July 09, 2023, 09:05:32 AM

* 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.

Our emotions could be the best reason why we never succeed on our trades. Instead of being patient, we tend to become more greedy for bigger profits, and end up missing some opportunities to sell for consistent profits. If we keep on tolerating that, we will never be good enough and profitable in trading since emotions could be our best enemy when trading. That’s the reason why we should separate our emotions when we decide to trade.

Emotiosn would be the main culprit on messing up our decisions.