Responding With Blessings ... Romans 12:14
- Anthony Speciale
- Oct 24, 2024
- 5 min read
Updated: Nov 4, 2024
Greetings,
Responding With Blessings
Romans 12:14 reminds us: “Bless those who persecute you; bless and do not curse.”
In times of challenge, it’s easy to react with frustration or anger. But God calls us to a higher standard — to bless even those who stand against us.
This doesn't just change how we interact with others; it transforms our hearts, allowing God’s grace to work through us.
When we choose blessing over bitterness, we reflect the love of Christ, which has the power to heal and uplift.
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 -
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Today’s trading session was a perfect example of the power of precision, discipline, and knowing when to step away. As retail traders, we constantly juggle the balance between market opportunities and risk management.
In this post, I’ll walk you through my single trade for the day, why I chose to wrap it up early, and what lessons we can take away from this session for sustainable long-term success in trading.
One Trade, Done Early
I began the day with one clear trade that allowed me to exceed my daily quota early on. While some traders might be tempted to push for more, my experience has taught me that knowing when to quit is often as valuable as knowing when to enter a trade.
The key to my decision today was rooted in the upcoming economic events—the release of unemployment numbers. I wasn’t keen on sticking around for the volatility that would likely follow, especially when my first trade already delivered more than enough.
By focusing on a single, high-probability setup, I avoided the noise and potential stress of navigating unpredictable post-announcement price movements. Sometimes, the best move is to step away once you’ve hit your goal, allowing you to preserve your gains without risking unnecessary exposure to volatile market reactions.
Market Conditions and Risk Management
Let’s dive into the trade itself. The move I capitalized on was a well-timed short as I noticed a downward momentum pushing through a multi-touch trendline.
The retest of the VWAP (Volume Weighted Average Price) and the break back through confirmed my decision to take a conservative trade. Liquidity at key levels—$71.10 and $71.00—acted as magnets for price action.
One important point to note is that I’m not a fan of setting rigid daily profit goals. Markets are dynamic, and what works on one day may not be available the next.
However, when conditions are favorable, I always strive to make the most of it. Today, the market presented a great opportunity early on, and I chose to take it without getting greedy.
Why Liquidity Matters
For those newer to trading, understanding liquidity is crucial. In today’s session, the presence of liquidity at $71.10 played a key role in shaping my decision.
When there’s a high concentration of resting orders at certain levels, it can often act as a temporary ceiling or floor for price action. I saw this as an opportunity to take a short-term trade, aiming to capitalize on the expected reaction at this level.
By choosing the more conservative of the two liquidity targets, I ensured that my trade aligned with my risk tolerance. This conservative approach allowed me to avoid unnecessary risk and close the trade before the market had a chance to reverse.
The Importance of Not Fighting the Market
If you’ve followed my content, you’ll know that I always stress the importance of not forcing trades. Yesterday, I found myself fighting the market and ended up in a frustrating position. When you force trades, it’s easy to stray from your trading plan, and that’s when mistakes happen. After reflecting on yesterday’s challenges, I made the conscious decision today to stick to the plan and avoid overtrading.
As retail traders, we often face the temptation to "make up" for a rough day by jumping back into the market. However, this can be a dangerous strategy. The market doesn’t care about your past losses or your desire to break even. Instead, the goal should always be to take the trades that align with your setup and strategy, regardless of what happened yesterday.
Walking Away After a Win
After locking in today’s gain, I made a conscious decision to step away from the market!
There’s nothing wrong with calling it a day early when you’ve already achieved your objectives. In fact, it’s one of the major perks of being a trader—being able to decide when you’re done for the day, whether that’s at 8:00 AM or 4:00 PM.
Today’s lesson is simple: don’t force it. If the market gives you an opportunity early, and you’ve capitalized on it, there’s no need to chase more trades.
Overtrading can lead to giving back hard-earned profits or getting caught in unnecessary risk during less favorable market conditions.
Learning from Each Session
I’ve been trading for over 14 years now, and I can honestly say that every day presents a new lesson. Sometimes those lessons come from success, and sometimes they come from setbacks. Yesterday’s session was a humbling reminder to not fight the market.
As we near the weekend, I tend to become more conservative with my trades. Nothing ruins a weekend quite like an avoidable mistake on a Friday.
By maintaining discipline throughout the week and sticking to your strategy, you can ensure that you’re consistently moving in the right direction.
Key Takeaways for Retail Traders
Don’t Fight the Market: Stick to your plan, and don’t force trades if the market isn’t cooperating. Chasing trades outside your plan can lead to unnecessary losses.
Understand Liquidity: Look for liquidity at key levels, as it often offers strong trade setups. Trading based on liquidity can help you make more informed decisions with a clearer understanding of where price may react.
One Trade Can Be Enough: You don’t need multiple trades to have a successful day. If your first trade hits your target, there’s no shame in logging out early and enjoying the rest of your day.
Don’t Set Rigid Daily Goals: While it’s good to have objectives, remember that market conditions are dynamic. Some days will offer better opportunities than others. Be flexible and adapt to the day’s market environment.
Continual Growth: Even with years of experience, there’s always something to learn. Reflect on both your wins and losses to keep improving.
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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