Your Trading Plan Stolen By Your Ego

There Is No Easy Way To Manage Our Ego 

​In this article on unconscious slippage, I would like to explain that traders identify as hopelessness are usually not the fact of their disability to overcome. The matter which reason these sign are frequently  complicated and different, and many have their original in the tangled relationship between us, our self and our ego. ​It is also vital to ken that pass on completely on a valid system or method with a positive expectation does not guarantee outcome. You have a strong outer game and a conservative outlook, but many traders still struggle to achieve outcome if you cannot remain committed to the process so that you can observe that positive expectancy.​Staying on-progress is complicated, specially when the ego is active and wants to invade the host.​In fact when the ego is keep in check, it is always looking for get a chance to break free and take over of the host’s activity. This is  happening to most of the traders.

​Would you like me to help you summarize the key psychological concepts in this text ? 

We Need To Think Critically In Parallal way.

•  Identify Problem + Origin Of Problem + Take Action = Outcome
• Our problem is ego( identified)
• Origin of ego is psychological concepts or beliefs ( identified)
• Take action (will be explain in conclusion)

Identified problem (ego)

Identify and manage your ego is not a simple word. When ego will take over traders psychology, trader will never known that he or she already in a unconscious slippage mood. This is not normal situation for most of the traders. Only a handful of traders able to identify it. Because ego wants quick rewards and massive wins, not the tolerant application of the procedure. Ego doesn't wants the many days, weeks, even hours expense of learning, learning for a year it's out of context for ego. But making a structure and improving a procedure of capacity of winning.

Origin of your ego 

Your grasp of how your ego operates depends on how self-aware you are.People at the minimum level of awareness are not even awake to the ego exists and, as a result, are beslave by it.On the other hand, people with high self-awareness can see past their ego. They're able to observe their thoughts and emotions without getting caught up in them.They understand how belief works and how excessive attachment to a set of beliefs can create suffering in their life.They understand how their thoughts and beliefs affect them. By being aware of their mind, they find peace and don't get caught up in stress. They can manage their emotions better and live more calmly. Ego is our invisible biological part of our life. We do not have them, they have us like our shadow.

Keep it in mind that the ego is neither good nor bad, it’s just a result of a lack of self-consciousness. It fades away as you become aware of it, since ego and self conscious cannot coexist.  

Ego always active to get an identity.

 Ego is a self serving entity in our body, its only worried about its own survival. Moreover, it’s rather familiar to our brain in the way it manipulate. It has its own survival technique and it will try do whatever it can to preserve. As with our brain, its primary worry is not our happiness or not our peace of mind. On other hand, our ego has countless expectations. It wants us to be a go-getter. It wants us to do, have and achieve the great things endlessly, so you can become a ‘someone unique.’

Early I've already mentioned, our ego needs an identity to survive. The way our does that is through identification with things, prestige power, people, or perception and ideas.

Let’s take look at some of the things your ego identifies with to strengthen its identity:

Ego wants to show up in real life.

There are many fancy traders in social media, they always try to show up their lifestyle, luxury cars, houses and even plenty of cash, that's not possible for a successful trader. Have you seen any successful trader doing this thing, who dominated the financial market ? Not even a single person, those who earned billions of Dollar from financial market. Our ego loves to own things. It wants us to define ourselves by what we have—like our clothes, phones, or cars. Because so many people feel this way, we have built a world focused on buying and selling.​You could say that modern capitalism is just a result of all our egos working together. This is likely why our society focuses so much on shopping and status; it’s exactly what the ego wants.

Ego leading Traders face few barrier which live in their ability to effectively make better educated guesses. These include, but are not limited to:

• Holding strong opinions for their position and views that they are right to their opinion of they observe. A trader hold a strong view on a company which makes it difficult to view their results compassionately.

• Inclination to strong beliefs that stop them from seeing matters clearly.
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• Their ego being wed to a governing narrative that needs to justify and prove right. Again this happened with some traders, they could have exited the trade while they still had a chance to book some profit.

• Seeing the markets as predictable and obvious, rather than complex, unpredictable and random. Traders who see the world as the latter are more likely to approach it from a aspect of detached interests.

• The impact of our  behavioural narrative and our biological ability. These include loss phobia, our impulse towards confirmation bias, our inability to make good predictions when tired, among many other overconfident biases which impact our ability to practice true objectivity.

• Our natural bias to make sure to the crowd, led by our ego trying to fill up its protectorate responsibilities to us.

• Outside pressures, which up the prior to getting positive results The importance to generate an income or return, responsibility for stakeholders, and other external life pressures(home, car, loan)

•  When the situation is insecure, like walking in the fragile floor, the trader's ego is continually crazed, this feeling their ability to make better-quality choices.

These barriers limit the trader's capability to get into and follow the best trader state, which itself is a necessary condition to measuring a flow state. We will explore some of these barriers in more detail in the next couple of articles. Working to limit the impact of these barriers will be necessary  to make sure you are making the most informed decisions you can.

Take action

What is Right thing to do such a confusing condition 

It is in this complex and unknowable world that traders must make educated guesses. They are not helped by the ego’s need to be right, nor by our various education systems and social structures, in which being right - ‘rightness’ - is the golden ticket for advancement.

 We were a schoolchild,we had been praised and rewarded for being right. This continued as you went through school, college, university, social gathering and then into the world of work.

Our education prepares us for a preordained world; in this world where everything is discribed, anticipated, and comprehended. This is the map the first 20-plus years of our life embeds us with. This is the wrong map for a world where you have to live by making educated guesses.

The map of the world that most of us carry says that the world is knowable, understandable, explainable. This map sees the world as complicated, but as a place where everything can be understood through oversimplified processes. This reduces problems to recipes and formulas.

The real world's complex, not complicated  Complex systems can't be controlled or predicted easily. Problems can't be simplified by breaking them down to basics. Complex systems are like, inherently messy and can't be fully controlled or predicted. Breaking down problems into simpler parts might miss the bigger picture.

In this complex world, solutions derived from a complicated world map fall short.

Not everyone holds this complicated map of the world. When you realise that the world will not bend to your will, you see things differently.

An anecdotal observation, shared between me and some coaching colleagues, is that there is a high prevalence of successful traders who suffered some sort of early life trauma.

We suspect that their life experiences endowed them with the complex mental map of the world. Life demonstrates to these people, at an early age,