The danger is greatest when the finish line is in sight. At this point, Resistance knows we’re about to beat it. – Steven Pressfield
To better explain this concept, Pressfield tells the story of Odysseus, who lost focus near the very end of his long journey. Because Odysseus let up his guard as he was about to cross the finish line, Resistance got the best of him and he was forced to start his long journey all over again.
As traders, we don’t necessarily have a defined finish line. We are continually looking to outperform whatever benchmark we choose to compete against. However, the closer we get to consistent trading success, the stronger Resistance will work to push us off of our path.
As soon as you find an approach, strategy, or system that works for your trading personality, you can be certain that something like the dot-com bubble or the real estate bubble will show up to distract you with what appears to be easy money. That’s the Resistance. It’s fucking with you.
You work your ass off to build a successful trading plan, and then a bunch of idiots will start making boatloads of money without even trying to understand why, and you will be tempted to join them.
Another way that Resistance likes to show up after you put in all of the hard work is by boosting your confidence. This can lead to overtrading or choosing to ignore the detailed attention you used to focus on risk management.
As we get closer and closer to the finish line of consistent trading success, we have to be extra careful not to let Resistance corrupt our minds and take us back to the beginning of our journey.