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Hey Trader,
Patience Pays in Trading and Life
As traders, we know the value of patience. Acting too quickly can lead to mistakes, but waiting for the right moment can bring great rewards. This truth is echoed in Scripture:
In both trading and life, patience builds wisdom. Take the time to evaluate, stay calm, and make informed decisions. Your discipline will pay off, stay focused and patient!
Be Relentless In Pursuit Of The Will Which God Has Set Upon Your Heart,
Anthony Speciale
Retest of High Volume Node into Prior Lows - Highly Calculated Entry
To say this week has been challenging for most traders would be an understatement.
The market has been presenting some less-than-ideal price action, marked by heavy choppiness and sudden aggressive movements that can easily catch even seasoned traders off guard.
As retail traders, when the market throws volatility your way, it's crucial to recognize that not every day will offer clear-cut opportunities.
In this blog post, I’ll discuss how to handle these types of markets, share a personal trade example, and outline key strategies for preserving your trading capital.
Understanding Market Conditions: A Choppy Week
The past few days have been defined by unpredictable swings and erratic movements.
While it’s tempting to stay glued to the screen and try to chase every price movement, this type of market environment can easily cause emotional trading decisions.
When the market is behaving this way, it’s a sign that stepping back might be the best strategy. Trading under pressure or uncertainty leads to mistakes—mistakes that can eat into your capital.
If you’re feeling uneasy, give yourself permission to sit on the sidelines. Capital preservation should always be your top priority.
Trade Setup: Identifying the Opportunity
Today, I took just one trade. The setup presented itself during the morning session when the price began to break through a key level.
As the market fell, I watched closely for a retest of that level, and as soon as the price confirmed the retest, I executed a short position.
It was a clean trade. My plan was simple: take advantage of the market retesting a key level and secure a quick profit as it moved toward the prior lows.
And that’s exactly what I did. Once the price hit those lows, I took my profit and immediately logged out of my trading account.
Why This Trade Worked
There are a few reasons why this trade worked, despite the overall uncertainty in the market:
Patience – I waited for the market to come to me. Instead of trying to force a trade, I waited for the price to break through a significant level, then waited for it to retest that same level. Patience pays off in these types of markets.
Quick Execution – Once the trade was triggered, I didn't waste time. I took profits quickly, knowing that the market could shift at any moment. This type of environment calls for fast execution and a willingness to take smaller profits rather than waiting for the "big move."
Limited Exposure – I was in and out of the market within minutes. Given the volatility, keeping exposure short reduces the risk of sudden price reversals that could otherwise cause losses.
Stepping Back: A Smart Move
After the trade was closed, I logged out and called it a day. In a market like this, where things are uncertain, there’s no point in overtrading or trying to push for more.
One solid trade was enough, and preserving my mental and emotional energy for a better opportunity down the line was the smartest decision.
This highlights a key principle: not every day will be a trading day. Some days, the best trade is no trade at all.
Lessons for Retail Traders
Know When to Step Back – If you don’t feel comfortable, don’t trade. This might sound simple, but many traders push themselves to trade every day, regardless of market conditions. If the market doesn’t align with your plan, it’s perfectly okay to sit it out.
Stick to Your Plan – When you do trade, make sure it’s according to your plan. Don’t deviate, even if the market tempts you. Today’s trade followed a clear setup that I had identified ahead of time, and I executed it without hesitation.
Preserve Your Capital – The number one job for any trader, especially retail traders, is capital preservation. When the market is tough, protecting your money is far more important than trying to squeeze out profits in an unfavorable environment.
This week has been challenging, but that’s part of the game.
There will always be periods of choppy, uncertain markets, and learning to navigate them will set you apart from other traders.
When you feel uncomfortable, listen to that instinct. Step back, evaluate, and only execute if your plan aligns with what the market is offering.
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.
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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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