Why kick off our journey without a map? Defining the backtesting objectives is akin to charting our course. By illuminating the end goal, this task shapes our path, ensuring every subsequent step converges towards a specific target. Are you aligning with strategic priorities, satisfying curiosity, or breaking new ground? Recognize the importance of a clear mission—determine what you're measuring and why it's crucial. Resources required might include market analysis tools, stakeholder input, and a big cup of coffee for brainstorming sessions. Possible hiccup? Conflicting objectives might muddle focus. Remedy: involve diverse voices in crafting a unified vision.