Hey Trader,
The Essential Element for Success in Trading
I hope this message finds you well.
As retail traders, we often focus on strategies, market analysis, and risk management.
While these are crucial, there's an essential element that often gets overlooked—love and purpose in what we do.
1 Corinthians 13:3 reminds us: "If I give all I possess to the poor and give over my body to hardship that I may boast, but do not have love, I gain nothing."
In trading, it's easy to become consumed by numbers and profits. But true success isn't just about financial gains. It's about trading with a purpose, passion, and integrity.
When we love what we do and approach each trade with genuine care, not only do we enrich our own lives, but we also positively impact those around us.
As you navigate the markets, remember to incorporate love and purpose into your trading strategy. It's this passion and dedication that will sustain you through the ups and downs and ultimately lead to a more fulfilling and successful trading journey.
Trade with love, and you'll gain more than just profits—you'll gain a sense of purpose and satisfaction that no market volatility can take away.
Be Relentless In Pursuit Of The Will
Which God Has Set Upon Your Heart,
Anthony Speciale
OLD Support Becomes NEW Resistance: Driving Crude Oil LOWER As Anticipated
Today, I’m excited to share an in-depth look at a recent short play on crude oil.
This post is part of our broader trading experience, covering day trading, swing trading, position trading across various markets such as stocks, futures, forex, cryptocurrencies, and options.
My Mission
My primary goal is to create a resource that benefits every trader, without the typical nickel-and-dime approach that many other services employ.
You’ll either find it an invaluable resource and stay with us, or you might decide it’s not for you and move on.
For me, it’s all about the trading and helping my clients become the best traders they can be.
My Commitment
I’m ultra-committed to being the best trader I can be, and I invest a significant amount of time into research, reading, learning, and training.
This dedication allows me to share valuable insights with you consistently.
The Setup
Now, let's dive into the setup. This trade was focused on light sweet crude oil, a market where I’ve had considerable success.
Here's a detailed look at the price action:
Price Movement: The market was pushing higher, nearing the 88 level, but hit a double top and failed to break through.
Consolidation: There was a concerning consolidative state around the 79.35 level, which the market held nicely.
Breakdown: Price broke down aggressively from the prior low at 80.70, signaling a potential move lower if it stayed below this level.
It could be traded in the futures market, through ETFs, or options, offering flexibility regardless of your preferred trading instrument.
Protecting Profits
One crucial lesson I emphasize is the importance of paying yourself and protecting your profits. Fear and greed are the two primary emotions that drive trading decisions.
By consistently taking profits and adjusting stops, you safeguard against unexpected market moves.
This trade, from entry around 78.50 to a recent low of 74, netted substantial profits. If you entered at 80, the gains were even more significant.
Regardless of the instrument you traded, the key takeaway is to pay yourself and protect your profits.
Trading is about probabilities and consistently applying your edge.
It’s not a get-rich-quick scheme, but a disciplined approach to managing risk and capitalizing on market opportunities.
This crude oil short play is just one example of the setups and strategies I share with the Speciale Analysis Family of Traders.
Thank you for your time, and I look forward to seeing you in the next video. God Bless!
Happy Trading,
Speciale Analysis
About the Author:
Anthony Speciale is a seasoned market analyst with over 13 years of experience trading. Through his platform, Speciale Analysis, he offers in-depth market analysis, interpretation, and expectations designed to help all types of traders, at every skill levels reach their full potential.
Analysis, Interpretation & Expectations
Day, Swing & Position Trade Analysis
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