Redux: Hell Isn’t the Market. It’s the Mirror.

Sartre was right—and social media is your room with no exit.

This ended up being one of my favorite things I wrote in 2025… not because it performed the best, or got the most engagement, but because it captured something I’ve lived through in real time. Trading isn’t just charts, cycles, and risk management. It’s identity. It’s ego. It’s the quiet pressure of being watched, judged, and compared, in a world where everyone’s opinion is one scroll away.

This post wasn’t written to explain a setup or defend a trade. It was written to explain why most people sabotage themselves long before the market ever does. It’s about freedom, responsibility, and the cost of outsourcing your conviction to other people. And it’s why Sartre ended up making more sense to me this year than most market commentary ever could.

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When Jean-Paul Sartre wrote the now-infamous line “Hell is other people,” he wasn’t talking about torture chambers or brimstone. He was talking about perception—more specifically, how we come to see ourselves through the gaze of others.

In his 1944 existentialist play No Exit, three characters are trapped in a room together for eternity. There's no fire, no devil, no physical torment. Just a room—and the unrelenting pressure of being seen, judged, and defined by others. That’s what makes it hell.

For traders, this idea isn’t abstract philosophy—it’s reality.

Trading Isn’t Just a Battle with the Market—It’s a Battle with Yourself

Most people think trading is about predicting prices, analyzing charts, managing risk. And it is.

But underneath that, it’s something much more personal: a mirror. A mirror that forces you to confront who you are when things go wrong.

But it’s not just your own reflection staring back. It’s everyone else’s gaze too.

What will they think of me if I get stopped out again?
What if I post my trade idea and it flops?
Am I even cut out for this?

Every trader has heard these thoughts.

They’re not about the market. They’re about identity.

The Sartre Trap: “The Look” and the Gaze of Judgment

Sartre called this the look. The moment you realize someone else sees you—and that their perception now influences how you see yourself.

In No Exit, Garcin, the male protagonist, is tormented by the idea that the others in the room might think he's a coward. He insists he fled war for noble reasons, but deep down, he doubts it. And because he can’t convince the others otherwise, he’s stuck—forever seeking validation, never finding peace.

Sound familiar?

In trading, we do this all the time. We try to rationalize bad trades to ourselves, and even worse, to others.

We craft narratives: “It was a good setup.” “The Fed messed it up.” “It was a fakeout.”

But what we’re really doing is protecting an image—of ourselves, for others.

This is the Sartre trap: when your identity depends on how others see you, you’re no longer free. You're a prisoner in your own mind.

Social Media: A Modern Trading Hell

Social media amplifies this problem tenfold. It’s a 24/7 feedback loop of other people’s trades, opinions, P&Ls, and projections.

It's a digital No Exit room—where you're never really alone, never really unwatched.

And it’s corrosive.

You start measuring your worth by someone else’s gains. You abandon your edge to copy a popular setup. You hold a losing position longer than you should because you posted it publicly and don’t want to look “wrong.”

You trade for them, not for yourself.

That’s when hell begins. Not because the trade failed—but because you let someone else’s gaze dictate your decisions.

Bad Faith: When We Lie to Ourselves

Sartre called this bad faith: the act of deceiving yourself to avoid the weight of your freedom and responsibility.

Garcin does this. He tells himself—and others—that he’s principled. A man of courage. But deep down, he knows he ran from war. Rather than accept that truth, he demands others validate his lie. He can’t walk through the open door. He can’t leave the room.

Because the real prison isn’t the space—it’s his refusal to face himself.

Traders do this too.

They tell themselves they have a process—yet they size too big.
They say they’re disciplined—yet they move stops or revenge trade.
They claim they’re in control—but every action is tied to someone else’s approval.

They’re trading in bad faith. And the result is the same: torment, frustration, self-doubt.

The Way Out: Trading in Good Faith

There is a way out. Sartre called it authenticity. In trading terms, it means owning your process, your decisions, and your outcomes—without needing others to approve.

You don’t trade to prove something.
You don’t trade to look smart.

You trade because it aligns with your philosophy, your edge, and your vision of success.

You win? Good.
You lose? That’s part of the game.
You stay consistent? That’s everything.

That’s trading in good faith.
And it’s the only way to escape the room.

Hell Can Become Heaven—If You Take Responsibility

Late in No Exit, Garcin says something profound: “I think I could stay 2,000 years with only my thoughts for company.” It’s a lie. He’s trying to convince himself—and the others—that he doesn’t need them. That their judgments don’t matter.

But he’s wrong. He can’t leave. He’s tethered to their perception of him.

That’s most traders. They say they’re independent. They say they don’t care what others think. But they do. They’re still trading for attention, for recognition, for someone else’s scoreboard.

Freedom begins when you stop doing that.

When you take full responsibility for your decisions. When you stop outsourcing your self-worth to other people’s opinions. When you stop needing to be right, and start needing to be real.

Then and only then… hell becomes something else.

Not easy. Not painless. But yours.

And that’s the point. Because as Sartre reminds us, you are your life—and nothing else.

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