Emotions tend to ruin the plans we have made and involving emotions in trading or investing can cloud the initial strategy. In trading, emotions are very influential because when control is lost, it can actually cause problems.
Investment and business are also the same actually because when someone is unable to control emotions we do not run according to the strategy that has been set well.
But in a certain capacity I also disagree if investment is similar to gambling because that is the behavior of people who do not understand the concept of investment with gambling.
In gambling, people hope for luck to make a profit, but in investment we cannot follow this pattern because without good analysis we will not understand how to invest properly.
If we cannot control our emotions, we cannot be the king of strategy. Emotions oppose predetermined strategies, judgment, and decisive decisions, and as a result, the quality of our investments is greatly affected. Again, investing is not just a game of making profits - it is the result of patience, discipline, and long-term planning. You cannot control the market, but you can control yourself - and that will be the main condition for successful investing. Seeing sudden price fluctuations can often destroy your inner stability. If you have a risk management strategy, DCA plays an important role. Having a trading plan means that you are creating a mental safety net where market fluctuations cannot force you to make sudden decisions.
Totally agree with this.