Anthony Speciale Stock Market Analyst

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How I Captured a Big Gain in Crude Oil Over Memorial Day Weekend

How was your Memorial Day weekend? I cashed in on an ultra-fast profit opportunity in the West Texas Intermediate (WTI) crude market.

How was your Memorial Day weekend?

Mine started off rather relaxing but ended up pretty exciting as I cashed in on an ultra-fast profit opportunity in the West Texas Intermediate (WTI) crude market.

Plan the Trade

On Sunday afternoon, I sent the following to my members of my premium trading service, The Speciale Report

“For those of you with a bit of a higher risk tolerance, this trade does not meet all of our criteria for our trade plan, but on the weekly chart we did confirm 1%+ close above a resistance structure.

If there’s some quick follow through into this short week ahead, this could transpire fast. I’ve attached the weekly chart image with the link provided.

The portfolio will be awaiting the big picture opportunity to trade a weekly settlement ABOVE $117 towards the 2008 high at $147.

I’m sharing this so you all see my thought process, for those of you who are simply looking for more action and/or those who also employ a smaller time frame approach.

I’d consider a BUY just a hair higher than last week’s settlement, a STOP just below Friday’s low and a TARGET 1%+ short of ascending resistance.”

So, in the middle of enjoying the long holiday weekend, I fired up the old TradeStation platform and set up the idea.

Trade the Plan

I placed a buy order, a stop loss and a target. I also placed an alarm 1% short of my target. This trade was tight. If it was going to work, it was going to happen FAST!

As soon as price action touched my alarm, I was prompted to move my stop to breakeven. That’s when I truly enjoyed the balance of my Memorial Day.

All the risk was off the table, and I was either going to ring the register on some profit or I was going to be stopped out at breakeven.

In all honesty, I was fine either way. I just absolutely HATE to lose. I know it’s impossible not to lose, but that doesn’t make me like it!

Daily Chart of Crude Oil Futures – Source: TradingView

But fortunately for me, the globex market reopened at 6:00 p.m. ET on Monday evening, and the market just kept pushing higher. Shortly after that, my target was hit!

So, inside of approximately 26 hours during a holiday weekend, I was able to cash in on $28,256.00 in net deposited profits in my trading account.

Source: TradeStation Web Based Trading

This trade may have not checked all our boxes for our portfolio.

But as I’ve done in the past and as I will do in the future, when I see an opportunity (even if it’s outside of the trade plan we’re employing) I have no reason not to share it with my members.

Another Quick Hit

I also took a position several weeks back that I prompted members about. I had purchased some United States Oil Fund, LP (USO) call options when price was hovering around $107.

And I sold those call options for nearly a double once the underlying asset tested $117.

Experience in trading the market doesn’t guarantee you’ll always be right. But when it feels right and it reads right on the chart, it’s the best feeling when placing a trade.

If you’re forcing a trade just to trade, you can definitely expect a different outcome.

In any instance, I’m putting my hard-earned money to work. I’m sharing it with others. I have no shame if it fails. It’s more important to me that folks know what real trading is.

So, if you want to know more about the strategies I use in The Speciale Report, click here now.

Join Us for a Special Alpha Stocks Session

Before I go, I want to personally invite you to a special LIVE presentation with my colleague and expert stock trader Ross Givens.

Ross’s premium Alpha Stocks research service focuses on only the very best stock trading opportunities — both on the long side as stocks rise and on the short side when markets are crashing.

He recently recorded a huge winning trade on the downside in only eight days as Pegasystems Inc. (PEGA) stock plunged…

He’ll talk more about his strategy in a special live session today, which you can register for by clicking right here…

Rules to Live By

“For me, I am driven by two main philosophies: know more today about the world than I knew yesterday and lessen the suffering of others. You’d be surprised how far that gets you.” Neil deGrasse Tyson

Until next time, I wish you a beautiful and blessed day!

Yours In Trading Success,

Anthony Speciale Jr.

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