+$55,361.00 in 0DTE Options on JPOW Friday

Good evening frosty friends,

On Friday we had opex (option expiry), a double dose of Jerome Powell on the mic with high volume.

It was an insane session… lots of money printing to be had by all with the best trade of the day being… $IWM.

IWM = the shitco ETF for the Russell 2000

6-strike move from the open closing at a high will get ya +895.34%

Ahhh the things we see on Friday’s in high volume.

We run a few high volume names like $IWM, $MSFT, $NVDA, and $AAPL on Fridays because they’re 0DTE.

Definitely something to watch out for in the future!

Personally as shit-tier traders this is one we’ll be crying at for quite some time as we had over 100 of the 180c that we took on this bull bomb.

However given we’re unfamiliar with how it trades and were monitoring other options, we sold for a $600 loss at 0.50 per contract.

The 180c closed at 4.91.

We had 100 contracts.

We can’t really do math anyway, but we missed one of the greatest trades of our career.

Don’t cry too much for us though because even though we broke our don’t be stupid rule with a SPY trade, closed some MSFT calls at 100% when they were 200%+, we still managed to get one of our highest scores this year at +$55,361.00.

Everyone in the discord community knows we’ve been practicing using larger position size in low volume environments.

We told everyone when high volume returned we were prepared to send it.

Send it was did and many maithais were had by all.

Let’s breakdown the action!

At this point in time we’re basically experts in JPOW events.

Basically there’s a quick nuke or hulk and then it gets reversed.

Time and time and time again.

At 11AM his statement drops and as you can see the QQQ is never lower.

Reminder whenever there is a market event…

WE DO NOT CARE. WE DO NOT READ IT. WE DO NOT LOGIN TO THE FURU CESSPOOL X FORMERLY KNOWN AS TWITTER.

We watch the price action and wait for alerts.

That’s how you trade it as a RIGD 0DTE PRO.

11:00 we get a quick nuke and then price moves up a full two strikes from 387 to 389.

We get two BEAR SWINGS (price has move up in a short amount of time) and then a volume spike.

When volume SPIKES… we want to trend follow.

Whatever direction price is going… we want to trade alerts that go that way.

Remember this is a Friday and the lizards love to inflict maximum pain.

Price action is going up.

Volume is going up.

Then we get two BULL BOMBS.

That’s the signal to enter the trade and we took it with enough size to send our ex-wife’s kid to a shithead liberal arts college.

We’re confident in the system.

High volume = follow the trend

Low volume = look for mean reversion

Price going up, volume going up, hit the send button shove the butt plug in and HOPE IT GOES UP while fearing it goes down.

You get the setup, you trade the size and you execute like the bad mf’er you are and sometimes like this… both trades will work out returning over 100% in an hour with no drawdown along the way.

That’s how we made this happen.

And right there is where any reasonably intelligent person would stop trading.

100% in an hour on a Friday basically makes you a golden god.

Unless we see extreme volume (120%+), Friday’s are where the Wall Street lizard’s and their algos are in total control.

Just look at SPY and QQQ they’re basically identical with both hitting highs at 11:45 and then just PPBB closing at 451 and 389.94.

But you know we didn’t stop and hung it out and actually made a little bit of money with the homies.

If you are considering signing up for RIGD, these are the type of degens you will be amongst playing the ping-pong-bing-bong mainly trying to hit the 390c on a Friday which has to be one of the dumbest lowest -ev 0DTE trades you can possibly make.

Everyone was in the trade except for potential psyop-fedbot SlimMilk who was trying to print money on IWM puts (alerts did come in near the end of the session) which is a crazy thing to two on a 2-sigma move.

(we’re not sure what 2-sigma means MoneyJedi said it and it sounds smart)

We did pretty well playing the strike prices and even IWM puts briefly because at 12:31 our score was here:

And we ended even higher calling it quits at 3:41 EST.

This will be the last time we share our daily P&L. 

Which is a weird thing to do if you have a trading system and want to encourage new users to try said system.

However we know from experience that if we keep posting our scores, we’ll be motivated to keep posting bigger and bigger numbers.

Ultimately this is a distraction.

If you are thinking about “the score” then you are not thinking about the trade you are in.

If you are thinking about “making up the loss” then you are not thinking about the trade you are in.

When you are in a trade… execution must be your only focus. 

We said today in discord that RIGD AI is the system, but you still have to build the mental machine.

The mental machine is the hardest part.

Since it’s the last time we’ll walk you through our own Friday story and hopefully you can learn something from it.

Here’s a screenshot from 10:07 AM on Friday morning.

We executed cleanly on the QQQ bear bombs and since it’s the open session, we hit it and quit it taking the money and running.

The -$600 on IWM shouldn’t sting.

But oh boy did it sting and does it sting looking at it right now.

We took 100 of the 180 IWM calls and cut at a -$600 loss.

We thought… “oh we’re not familiar with trading IWM, this was stupid”

We sold the picobottom and the trade is up 2x from where we sold.

We lost small and were basically acting like baby ass Bengals fans always (a trash franchise that has never won a super bowl) whining about Joe Burrow who’s always hurt being out for the season.

We should have realized trading is taking risk and executing does not mean you will win them all.

But you know it felt like we were owed.

This is a terrible way to trade.

But we did it anyway.

We took these SPY BEAR BOMBS at the open PS -1 to 1 is preferred.

Initially they were profitable…

But soon they weren’t.

And we violated our rule of “always lose small and sometimes win big”.

Here’s where we finally cut.

Everything from the morning completely evaporated out of stupidity and poor execution.

In the past… this is exactly where we would blow up.

Reading this now you probably know every emotion and feeling we’re describing.

You think the market owes you something.

You missed a trade so you will “get what’s yours” on the next one.

You HOPE it will go up, instead of FEARing how much it will go down.

You let it crush you.

You start trading without alerts just to make it back.

You blow up.

Everyone is different and most people are not built for this. Not because they can’t trade, trading is easy compared to building the mental machine to get yourself centered and wait for the alerts.

Patience and don’t be stupid.

That’s how we went from being at $0 at 10:30.

To ending our day at 3:41 up $55,361.00.

We thought we’d get back what “we were owed on IWM” and held a large position far beyond the “always lose small” phase.

But we were able to realize it.

That’s why we made the decision.

We were being stupid.

We remembered that being stupid is bad.

We wouldn’t be stupid again.

We got back to following the system, hoping for up and fearing for down.

We still used the same size because we know when volume spikes, we want to follow the price action.

And we crushed it.

Once you can identify when you’re being stupid / why you’re being stupid and then stop being stupid, you can probably make it doing this 0DTE stuff.

But if you can’t stop emotions and tilt drive your decisions, then you’ll probably be here sooner than you expect.

Keep it extra frosty tonight guys and we’ll see you in the morning.

__

s/o to the best degen community out there let’s keep pushing each other for more patience, less stupidity and more winning

we truly love and cherish everyone one of you even magpow who we think about banning 1-2x per day.

Reminder…

RIGD AI is definitely not for everyone!

It’s $197 per month.

It could take you three months to learn to be successful…

Or you could be like MoneyJedi who’s up 3k on the week and coming for Corben’s degen crown.

There’s 19 trading days left in the year.

You want to change or potentially ruin your life?

The RIGD PILL is here.

Disclaimer: We are low iq. This is not financial advice. It’s more like a poor man’s version of satire mixed with a bit of jet fuel and a dose of mental illness. 0DTE options are extremely risky and you will lose 100% of your trading capital if you sign up for RIGD. 

Yes, we are guaranteeing you will lose everything and blowup your account and be homeless on the streets. Do not sign up.

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