The following definition is needed for my actual question:
For $A, B \in \mathcal{M}_{n \times n}$ define $$ \langle A, B \rangle = \text{Trace}(B^{T}A) = \sum_{j=1}^{n}\sum_{i=1}^{n}b_{ij} \, a_{ij} $$
And here is the actual question:
For $B \in \mathcal{M}_{n \times n}$ show that $$ \text{Trace}(B)^{2} \:\leq\: n \,\text{Trace}(B^{T}B) $$
I know I have to use the Cauchy-Schwarz Inequality, but I wasn't exactly sure how to. Here is my attempt:
Since I only have one matrix I decided to use the identity matrix $$ \begin{align} \text{Trace}(B)^{2} \:&\leq\: n \,\text{Trace}(B^{T}B) \\ \text{Trace}(I^{T}B)^{2} \:&\leq\: n \, \langle B, B \rangle \\ \langle I_{n}, B \rangle^{2} \:&\leq\: n \, \Vert B \Vert^{2} \\ \langle I_{n}, B \rangle \:&\leq\: \sqrt{n} \, \Vert B \Vert \end{align} $$
I feel like I either did it incorrect, or that I'm close but am missing something.
It seems like you pretty much have the solution: $$ \operatorname{trace}(B)^2 = \overbrace{\langle I,B \rangle^2 \leq \langle I,I \rangle \langle B,B \rangle}^{\text{Cauchy Schwarz}} = \operatorname{trace}(I) \operatorname{trace}(B^TB) = n\operatorname{trace}(B^TB) $$ So, we have $$ \operatorname{trace}(B)^2 \leq n\operatorname{trace}(B^TB) $$ which is what we wanted.