There is a paradox at work here. What your ego is doing, is making you feel others are judging you, your decisions, and your actions. It is thus seemingly handling control of some of your trading decisions.

Often, when we delve into these issues, the ‘ego’ belief is rarely even remotely true. If anything, it is more likely that most people are too worried wondering what you may be thinking about them, to be thinking about and judging you.

The challenge in trading is to harness the part of your ego which motivates and drives you forward, whilst working to eliminate the negative aspects, the self-judgement and the damaging self-talk that goes with this. By doing so, you will reduce the possibility that your ego leads you astray away from your goal.

There are few things which are more guaranteed to undermine your ability to succeed in trading than letting your ego take control and you losing touch with reality.

An attitude of ‘It’s OK to fail’ is a reminder to balance and contain your ego, and to ensure as much as possible you remain travelling in the right direction.

During your inner storm. Don’t resist, because your resistance will empower this inner storm. Be gentle and resilient to endure. Be the grass that flows and bends in the storm. Rather than the oak tree that bends in half due to its strong resistance. This too shall pass.

Sources used:

Article by Steven Goldstein: https://alphamindblog.blogspot.com/2019/04/a-traders-ego-ultimate-battle.html