Anthony Speciale Stock Market Analyst

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What to Do When Your Trade Hits Its Target: A Case Study

Last week, we discussed an opportunity in the Crude Oil market. Today, I want to take this opportunity to share with you how it transpired.

Last week, we discussed an opportunity in the WTI Light Sweet Crude Oil Futures market

And today, I want to take this opportunity to share with you how it transpired. 

Let’s check out the chart setup as this trade triggered.

Daily Chart of Crude Oil Futures (March 2022 Contract) — Source: TradingView

This market had confirmed a long entry on Jan. 26 with a buy-up-to entry price of $87.50. 

Had the market closed below $86.50, this trade would have likely failed. We also had a conservative price target set at $92.00, anticipating a three to five week time frame.

Our time frame had transpired in just six short trading days, start to finish. No complaints!

The faster, the better! My favorite position is when my account is all cash.

Let’s take a gander at the chart as this pattern is completed.

Daily Chart of Crude Oil Futures (March 2022 Contract) — Source: TradingView

The market slid right into home plate for us on this trade. Price consolidated for a few days, but it was a lot faster than the few weeks that were originally anticipated.

So, how does this equate into money? It’s great to be accurate, but what does it mean?

Each full e-mini futures contract will cost you approximately $6,000.00 of account margin to hold the position overnight and over the weekends. That’s nothing to sneeze at. 

Fortunately, there are reduced-size 1/2 contracts (QM) and micro-size 1/10 contracts (MCL) for the entry level traders who wish to reduce exposure and account size.

Both require significantly less account margin to partake in the CL move.

I, for one, have been doing this for a while, long enough to have the tolerance to trade a rather significant position size. 

Below is the result of my trade taken. I had entered long on a slight pullback, right at approximately $87.00 and sold as price tested $92.00.

My Trade Results in CL

On a percentage basis, this $6,000.00 of margin investment yielded a profit of $4,500.00 as presented for a respectable return on investment (ROI) of 75% in just six short trading days.

The question you should always be asking yourself is… “And then what?”

For me, my job at the moment is done. I will do what I did prior to taking this trade, which is pool and reserve my resources, wait for the next setup and do it all over again.

For many, they will rush into another trade with the fear of missing out (FOMO).

If the market goes higher, great. If the market goes lower, great. 

I will wait for my technical parameters to gain traction again, and I’ll be ready to put my money back to work.

There’s one thing I’ve learned along the way, which is that there’s always another opportunity!

In the meanwhile, the only FOMO I have is in life. 

I’m going to enjoy my life, my wife, my family, my friends and the things I desire to spend my time doing. 

After all, that is why I started trading to begin with!

Now before I sign off, to learn more about how I trade the Light Sweet Crude market, look out for my brand new service, The Speciale Report, which you’ll be hearing more about very soon!

Rules to Live By

Live as if you were to die tomorrow. Learn as if you were to live forever.
― Mahatma Gandhi

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

Yours In Trading Success,

Anthony Speciale Jr.

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