I'm told that it is your ego that might be holding you back from being more successful in life and trading. It was explained that you have a conscious and subconscious part of your mind and it is the subconscious side that holds your ego. The ego is what pushes you to over trade, move stops, revenge trade and other habits causing losses. Then there is the conscious side, the side that should be calling the shots, don't over trade, move stops or revenge trade.

Knowing this has helped me more than anything else. I have made other post here about how to stop moving Stops and blowing accounts and some have given advice but the advice at the time didn't sink in or I didn't think it applied. Thinking back one response was to look into the psychology side. That was good advice but I wasn't ready to accept that as to why I couldn't keep from breaking my own promises.

Knowing now about the ego, my trading has improved. The reason for me, and it may sound strange, I have never liked being told what to do and to think my ego has been directing me all this time, just irks me. It doesn't bother me (as much) now to get stopped out, I only move my stops now to tighten up, not to make the loss more of a loss. I find it easier to let the trade run to my target and not get scared out of the trade. I've still got much to learn both mentally and technically but just learning about the ego has helped in my trading more than anything else.

Rambling a bit, I know but I think I'm in the right forum for this

Happy trading

JMAL 

I'm told that it is your ego that might be holding you back from being more successful in life and trading. It was explained that you have a conscious and subconscious part of your mind and it is the subconscious side that holds your ego. The ego is what pushes you to over trade, move stops, revenge trade and other habits causing losses. Then there is the conscious side, the side that should be calling the shots, don't over trade, move stops or revenge trade. Knowing this has helped me more than anything else. I have made other post here about how to stop moving StopIt s and blowing accounts and some have given advice but the advice at the time didn't sink in or I didn't think it applied. Thinking back one response was to look into the psychology side. That was good advice but I wasn't ready to accept that as to why I couldn't keep from breaking my own promises. Knowing now about the ego, my trading has improved. The reason for me, and it may sound strange, I have never liked being told what to do and to think my ego has been directing me all this time, just irks me. It doesn't bother me (as much) now to get stopped out, I only move my stops now to tighten up, not to make the loss more of a loss. I find it easier to let the trade run to my target and not get scared out of the trade. I've still got much to learn both mentally and technically but just learning about the ego has helped in my trading more than anything else. Rambling a bit, I know but I think I'm in the right forum for this Happy trading

You are touching on a very good point. Yes, ego has a lot to do with trading. And your "trick thinking" is a very creative way to try and circumvent its negative effect.

But here's another thought: instead of trying to "disable" your ego (you can't), try tying it up with the right things. Rather than armwrestle your ego, try to use your opponent's strength against it. Harness your ego to work for you.

Pride yourself on having a clear system and executing it flawlessly!
Before you know it, your ego will start boasting about the important things, rather than the immaterial things (a random good win). And when that happens, it will actually do the work for you and drive you in the right direction!
Your ego will keep you from breaking your rules (because you view that as a bad thing).
Your ego will drive you to set clearer rules (because you view that as a sign of mastery)

True client story: kept taking trades against their own system (shorted where it said to buy) because they had the subconscoius notioin that "master traders see trades no one else can" - and they wanted to be masters. Guess what happened once they switched to "My mastery of trading is consistently executing my plan”?


Good fortune in your trading!

JMAL 

I'm told that it is your ego that might be holding you back from being more successful in life and trading. It was explained that you have a conscious and subconscious part of your mind and it is the subconscious side that holds your ego. The ego is what pushes you to over trade, move stops, revenge trade and other habits causing losses. Then there is the conscious side, the side that should be calling the shots, don't over trade, move stops or revenge trade. Knowing this has helped me more than anything else. I have made other post here about how to stop moving Stops and blowing accounts and some have given advice but the advice at the time didn't sink in or I didn't think it applied. Thinking back one response was to look into the psychology side. That was good advice but I wasn't ready to accept that as to why I couldn't keep from breaking my own promises. Knowing now about the ego, my trading has improved. The reason for me, and it may sound strange, I have never liked being told what to do and to think my ego has been directing me all this time, just irks me. It doesn't bother me (as much) now to get stopped out, I only move my stops now to tighten up, not to make the loss more of a loss. I find it easier to let the trade run to my target and not get scared out of the trade. I've still got much to learn both mentally and technically but just learning about the ego has helped in my trading more than anything else. Rambling a bit, I know but I think I'm in the right forum for this Happy trading

Yes, ego is important to tackle but a bit of confidence to back yourself is not bad too, after all, being told by others how to trade, who are they for you to listen and obey blindly? Resilience has also been very important for me.