I believe emotions run high because the trader lacks planning.
Todays traders isn't planning, instead they're speculating on market outlooks and going whole heartedly off that alone.
Emotions come into play when the trader realizes they're wrong in their analytics and hasn't protected the exposed position.
A planned trader has ran every scenario before the trade is open and proceeds accordingly. The planned trader has a solid entry, position protection, and profit targets.
The planned trader's position is 'iron clad'. They've prepared for the best and worst case scenario so there is no need for emotions at this point.
Todays traders isn't planning, instead they're speculating on market outlooks and going whole heartedly off that alone.
Emotions come into play when the trader realizes they're wrong in their analytics and hasn't protected the exposed position.
A planned trader has ran every scenario before the trade is open and proceeds accordingly. The planned trader has a solid entry, position protection, and profit targets.
The planned trader's position is 'iron clad'. They've prepared for the best and worst case scenario so there is no need for emotions at this point.