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Hey Trader,
Staying Strong in the Market
In trading, as in life, discipline is key.
We often find ourselves with the best intentions, but distractions or impulses can pull us off course. It's essential to stay focused and keep your spirit aligned with your goals.
Stay vigilant in both your trading strategy and your faith.
With consistent prayer and focus, you can overcome the challenges that come your way.
Be Relentless In Pursuit Of The Will Which God Has Set Upon Your Heart,
Anthony Speciale
Stay Steady After A Losing Trade
Welcome to today’s live session recap!
I want to walk you through the trades I took, share the lessons I learned, and provide some insights that may help improve your trading performance.
As retail traders, it’s important to continuously refine our strategies and mindset, so let’s dive into what unfolded in today’s market.
The Session at a Glance
The day started with a small loss, followed by a more substantial win.
Despite a rocky start, the session turned profitable, which emphasizes the importance of staying composed and focused after a loss.
In trading, losses are inevitable, no matter where you are in your career.
It’s what you do after a loss that defines your long-term success.
Today’s session was a reminder of that crucial principle.
Handling Losses: The Key to Long-Term Success
One of the most important lessons I’ve learned over the years is the value of becoming a “great loser.”
You need to learn how to take a loss, absorb it, and move forward as if it never happened.
Getting rattled by a loss or overreacting emotionally can lead to hasty decisions that often compound the problem.
Staying steady and level-headed, even after a setback, is critical to being a successful trader.
Today, I took an early short position as price approached a key resistance level—the white line on my chart.
Unfortunately, the trade didn’t go as planned, and I got knocked out of the position quickly.
However, instead of letting that shake my confidence or affect my judgment, I moved on to the next trade, knowing the market would offer another opportunity.
The Power of Patience: Waiting for the Right Setup
After the initial loss, I stayed patient and waited for price to make a move back through the key resistance level.
I guided my clients to watch for a re-entry, expecting the market to fall back through this level and head toward the VWAP (Volume Weighted Average Price).
As anticipated, once price moved back through that level, it signaled a high-probability setup.
This is where the patience paid off.
By waiting for the right moment and not forcing a trade, I was able to capitalize on what turned out to be my best trade of the day—a grand slam in terms of profit.
The Grand Slam Trade: Breaking it Down
Let’s talk about the details of this grand slam trade.
After price got rejected at the resistance level and fell through, I entered a short position as it headed toward the VWAP.
The VWAP is a critical area that I often use as a target or reference point, especially when the market is trending strongly in one direction.
As price hit the VWAP, I exited the trade with a solid profit.
By sticking to my plan and not getting distracted by the earlier loss, I was able to recover and end the session in the green.
Key Takeaways for Retail Traders
Losses Are Part of the Game – Every trader, no matter how experienced, will face losses. The key is to not let those losses derail your mindset. Be prepared to move on quickly and take the next setup without hesitation.
Patience is Your Best Friend – The best trades often come when you wait for the right moment, rather than forcing something that isn’t there. A rushed or impulsive trade can lead to unnecessary losses, while patience can yield high-quality setups.
Stick to Your Strategy – I entered the day with a plan, and even after a loss, I stuck to that plan. This helped me turn the day around and capitalize on the next opportunity.
Use Key Levels and Indicators – In today’s session, the VWAP served as a critical target area. Understanding and using these key levels in your strategy can improve the accuracy of your trades.
Today’s session highlighted the importance of discipline, patience, and sticking to your trade plan.
Whether you’re a new retail trader or an experienced one, these principles remain foundational to consistent profitability.
Stay informed, stay focused and stay disciplined ! ! !
Thank you for reading, and I look forward to seeing you in our next session . . .
God bless, and have a wonderful day!
If you have any questions or need further guidance, please don't hesitate . . . info@specialeanalysis.com May the markets be ever in your favor!
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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NOTE: Trading involves significant risk, and it's essential to approach it with a well-defined strategy and a disciplined mindset. This blog post is intended for educational purposes and should not be considered financial advice. Always conduct your own research and consult with a professional before making an financial decisions. For further risk related information, please refer to: www.specialeanalysis.com/disclaimer
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