Do emotions determine profits more than analysis?

[Bambang Sugiarto]

Do emotions have a greater impact on profits than analysis? Many traders fail not because of poor strategies, but because they cannot control their emotions. Let's discuss! Share your opinions and experiences about the role of emotions in trading or investing. Which is more dominant: logic or feelings?

[arabitech]

Emotions may lead to second opinion and that creates trouble in the middle of the trading, so better to back test any strategy on a demo account and write a proper trade management plan in order to curb emotions.

[binaryowner]

Emotions decide whether you execute the plan; analysis just writes it. I use a pre-trade checklist and strict “if–then” exit rules. Basically a “proper trade management plan”, i.e. to curb second-guessing