Traders trade their emotions , they don't trade methods or systems.They suffer from emotional hijackings or amygdala hijackings . https://www.google.co.uk/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=amygdala hijackings The Amygdala & Emotions The amygdala triggers your emotions faster than your conscious awareness. The unique “speed dial circuits” of the two almond sized nuclei within your brain are the first to react to emotionally significant events. These organs protect you from harm by interpreting subconscious hints of danger to trigger lightning fast responses.
Traders get emotional because they can't read the trend. Thus trends exist. One of the world's greatest traders once said: "Trends will always exist in the markets as long as there are people who cannot read them."
A great phsychologist said "traders don't trade trends , they trade their emotions" The orignal trend trader mr turtle failed , markets have become innefficient?or more efficient ? Nowadays you have gigantic computer power , eroding the trend trading edge. Trend-following and quantitative specialists, often known as commodity trading advisers due to their legal set-up, tend to profit when markets have a clear direction. They have lost money in four of the past five years. http://www.cnbc.com/2016/03/18/hedge-fund-closing-at-fastest-pace-since-global-financial-crisis.html
Most don't have a clue of the work involved in making a viable Trading Plan/System. Many don't understand the 10,000 hours deals what doesn't work and too much information on internet and videos galore. Knowing what I know now, if I could visit myself at beginning to learn day trading, I would slap myself till I stopped thinking of doing it and keep telling the big money and smaller risk is in Long Term. Consider this, trading 10 lots of ES, 10 signals a day, risking $150 a lot is $15,000 for the day, each day. On ten lot of any market long term I don't risk $15,000 and even less since I hedge. There are hundreds of reasons why people lose money, often times has nothing to do with emotions, has to do with horrible Trading Plan, not back tested well enough. There no books on every single thing in a Trading Plan either, it is add as you go, you have to make your own as you understand it.
There is an industry that makes money from the illusion of trend holy grail , these are books sellers , course sellers , education sellers and bucket shop /brokerages.They make the money from this trend holy grail.These charlatans have to keep the holy grail of trend trading going.
This is why you have 5,000 free systems on forex forums , they even delete all phsychology threads puposely.These forums want to hide the truth and market all their courses to the blind. If those systems were any good , they would be selling them for serious money.There is no free lunch.
I would say it's more of a Hybrid, or varying degrees thereof, depending on the day Nothing in trading is, or should be, black or white -- there's always alot of Grey to constantly consider.