Prioritize His Kingdom ... Matthew 6:33
- Anthony Speciale
- Oct 30, 2024
- 4 min read
Updated: Nov 11, 2024
Greetings,
Prioritize His Kingdom
“But seek first his kingdom and his righteousness, and all these things will be given to you as well.” — Matthew 6:33
What a powerful reminder to keep our focus on what truly matters!
In a world filled with distractions, Jesus tells us that when we prioritize God’s kingdom and righteousness, everything else falls into place. By aligning our hearts with His will, we invite His blessings and provision into every area of our lives.
Let’s commit today to put His kingdom first and trust that He’ll provide all we need!
Be Relentless In Pursuit Of The Will
Which God Has Set Upon Your Heart,
Anthony Speciale
My goal is to motivate, educate, inspire and make a positive impact on your trading. Whether you're brand new to trading, or you've invested years into the craft -
I invite you to experience the Speciale Analysis Family of Traders difference!
Reentering The Trade Setup After A Stop Out
Welcome to today’s session recap. Today was a bit unconventional as I had to step out early and got a late start. But once I settled in, I focused on a clear setup in crude oil.
Despite facing some obstacles, I remained disciplined and followed my trade plan, ultimately seeing my analysis pay off.
Here’s a detailed breakdown of the trades, the setups, and some key takeaways to help guide you in your own trading journey.
Getting Started: Late to the Game, but Ready to Play
As I mentioned, I started my session a bit later than usual around 9:00 AM. Normally, I’m in the office earlier, using that time to analyze the overnight market data and refine my trade plan.
Today, however, I jumped right in. Starting later meant I needed to be sharp, so I quickly focused on a key level in crude oil that had shown significant activity: 68.30.
Trade # 1: Getting Stopped Out
My first trade idea developed around that 68.30 level, where I saw a promising setup on the footprint chart. This chart is a key tool I use to analyze order flow, helping me identify where buying and selling pressure lie within the market.
As price action approached this level with strong selling momentum, I placed a short position with a tight stop.
Unfortunately, volatility hit just as the market tapped my stop order, briefly pushing me out of the position before reversing.
Right after I was stopped out, price action shifted back in my intended direction.
This is one of those frustrating moments all traders face, where even when the analysis aligns perfectly, a trade still doesn’t pan out.
Trade # 2: Reentering with Composure
Rather than getting discouraged, I reassessed. My initial analysis remained valid; the market structure still signaled a push lower. I decided to reenter the short trade because the evidence on the chart hadn’t negated my original bias.
This time, the trade worked as planned. I held the position and closed it at my original profit target near 68.05, which was a strategic area based on my earlier analysis.
Because I reentered at a slightly improved price level, this second attempt helped recover the initial loss and allowed for a solid gain.
Managing Emotions and Sticking to the Plan
One of the biggest takeaways from today was the importance of maintaining composure. In trading, losses happen even when our analysis is spot-on.
Today was a prime example of that. My first attempt was cut short by volatility, but staying calm allowed me to refocus and reenter when the setup presented itself again.
The experience served as a reminder to stick to my trade plan and let the evidence guide my decisions.
While the loss could have been avoided with a looser stop, hindsight in trading is always 20/20, and my focus is on executing each trade with precision based on current conditions.
Key Insights for Retail Traders
If you’re a retail trader navigating these kinds of scenarios, here are a few insights I hope will resonate:
Follow the Evidence: Even when the first attempt fails, a solid trading plan based on sound analysis is worth revisiting. Trust the data you’ve gathered and don’t let a single stop-out derail your overall strategy.
Stay Composed: Getting stopped out can be frustrating, especially if the market quickly reverses in your favor. In these moments, discipline is key. Maintaining composure lets you re-evaluate the setup and determine if the opportunity still aligns with your analysis.
Accept Losses as Part of the Game: Losses are inevitable. They’re a natural part of trading and don’t necessarily mean the analysis was incorrect. Volatility, slippage, and stop placement are all factors beyond our control. Accepting losses and moving on is essential to long-term success.
After my second trade hit its target, I logged out of my brokerage account, grateful that I’d managed the session well despite the rocky start.
Sometimes trading throws unexpected obstacles our way, and today was one of those days.
But by following my plan and keeping a clear head, I was able to close the session positively. I hope today’s recap offers some helpful insights for you.
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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