* 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 could be the best destruction in trading. Simply because people are born with different set of emotions and in every feeling that we experienced, there’s always a corresponding emotion with it. That’s why once we enter trading, controlling our emotions is of high necessity, otherwise we will consistently achieve losses and failed trading experience especially if we let our emotions decide in trading.