The War of Trading

In his mind-blowing book, The War of Art, Steven Pressfield discusses the concept of Resistance and how it works against us, preventing us from accomplishing the great work that we set out to create.

For traders, the Resistance is strong. Because trading is a form of art, we can directly apply much of what Pressfield writes about in order to explain our own successes and failures in the market.

The Magic of Successful Trading

magician

"Maugham reckoned another, deeper truth: that by performing the mundane physical act of sitting down and starting to work, he set in motion a mysterious but infallible sequence of events that would produce inspirations, as surely as if the goddess had synchronized her watch with his." -Steven Pressfield Now we are getting to the part in The War of Art where Pressfield … [Read more...]

Stop Trading Like an Amateur

amateur

"In my view, the amateur does not love the game enough. If he did, he would not pursue it as a sideline, distinct from his 'real' vocation." -Steven Pressfield This is one of those quotes that make you really take a minute and think about how committed you are to trading success. Pressfield explains that many people believe that the amateur does something because of his love … [Read more...]

Markets Can Be Beaten

beatingresistance

"Defeating Resistance is like giving birth. It seems absolutely impossible until you remember that women have been pulling it off successfully, with support and without, for fifty million years." - Steven Pressfield Sometimes, in the middle of all of our struggling, we lose sight of the fact that we are fighting a battle that can actually be won. We can succeed. Regardless … [Read more...]

When Rationalization Isn’t Complete Bullshit

Changed Priorities Ahead

"What's particularly insidious about the rationalizations that Resistance presents to us is that a lot of them are true. They're legitimate. Our wife may really be in her eighth month of pregnancy; she may in truth need us at home. Our department may really be instituting a changeover that will eat up hours of our time. Indeed it may make sense to put off finishing our … [Read more...]

Rationalizing Your Excuses

mopping

"Rationalization is Resistance's right-hand man. Its job is to keep us from feeling the shame we would feel if we truly faced what cowards we are for not doing our work." - Steven Pressfield Tonight was a bad night. Two cases of wings from our supplier were bad, so we ran out of wings on wing night. Then the urinal got stuck in the on position and overflowed, completely … [Read more...]