Problem
You refuse to close losing trades because admitting you’re wrong hurts your ego.
Cause
- Identity tied to “being right.”
- Over-attachment to analysis.
How the Brain Works
- The ego interprets losses as personal failure.
- Denial delays pain → making losses bigger.
Real-Life Example
Simona shorts NAS100, convinced it must fall. The market rallies. She holds, unwilling to admit she’s wrong, and blows her account.
Practical Solutions
- Separate Self from Trade – being wrong ≠ being a bad trader.
- Celebrate Discipline – reward following stops.
- Worst-Case Visualization – prepare to lose before entering.
- Reframe Losses – they’re business expenses, not failures.
Key Takeaway: Ego kills faster than bad setups 🧠.
Drop pride, keep capital 💼.