8/10 Difficult but Following PS YOU MADE MONEY? 🤔

Good evening frosty friends and degens alike.

You didn’t really expect us to rip to the high heavens again and continue Friday’s move did you?

While it would have been nice and a girl can dream, we can only trade what Wall Street gives us and today it wasn’t much at all.

We basically spent the entire session playing the ping-pong-bing-bong between 440 and 441 on SPY.

And 377 and 378 on QQQ.

Zero volatility is good for option sellers, bad for option buyers.

When you notice this happening, it’s best to get on and do whatever it is in that silly little life of yours that makes you happy.

But because RIGD is incredibly based, if you followed the system you were able to make money.

SPY at the OPEN

At the open we prefer alerts where PS (position score) is -1 to 1.

The first alert that meets the criteria is the 284 score BULL BOMB at 9:35.

This is the best trade of the day, going for a 156.55% max gain in 2 hours or 30.69% if held until the end of the day.

SPY begins moving up and we get a ton of bear flow come in, a healthy mix of calls being sold at the bid (bearish) and puts bought at the ask (bearish).

We dumped our calls and took puts because we are system followers.

Every single one of these trades has the PS score we want 0.47 and they all got crushed.

Looking back we should have considered FR (florb ratio aka put call ratio) which is at 0.75.

Basically 0.70 is considered “bullish” so we probably shouldn’t have gone with 40 contracts and used small size like 10.

They market keeps going up and our stop loss gets hit.

We didn’t win the trade.

We we market dumped the 40 puts at the bid which brought our gains to -250 on the day.

And guess what… that’s totally okay.

THIS WILL HAPPEN A LOT!

The RIGD system is designed to help you copytrade Wall Street and Win When they Win.

They didn’t win here, but more or even most importantly than anything else is we keep our losses small.

A small loss is a win.

Holding on for too long in hopes that it will come back will destroy your account and any semblance of mental acuity you may have left from years of going to EDM shows.

To be successful trading 0DTE, you must always keep the losses small and win big. 

Blowing up your account is not cool.

Plus Wall Street gave us a chance to make it all back and then some.

Take the loss on the BEAR BOMBS, price is still moving up and we’re just waiting for the next alert.

10:47 we get a 251 BULL BOMB in the middle session.

Because we’re in the middle, we expand the PS range from -2 to 2.

This is an instant trade for us.

We took it with size and got out like fearful little babies at +14% when if we held for an hour we could have gotten 145.67%.

Initially it felt good to get back in the green, then it felt incredibly stupid knowing these went over 100%.

If we were still holding onto the BEAR BOMB from earlier, we would have “hoped” that the market would go down and the -40% loss would come back to break even and skipped this trade.

But we are RIGD system followers and the system says -2 to 2 in the middle take the damn trade.

The rest of the day we ping-pong-bing-bong around 440 and 441.

There were still good, but not great alerts.

A great alert is really easy… you buy it you get 100% really fast and you don’t have to think. There’s no stress involved. That was Friday. You learn to trade on difficult days with small size and try to double your account on days like Friday.

10:48 we get a BEAR SWING (volatility swing) and BEAR BOMB (large option sweeps) back to back.

PS is +4.9 and +4.57.

Positive PS is generally good for BEAR TRADES because it means the price has moved up from the open and low of the day.

If you trade a BEAR ALERT +4.57 and the price returns to the open, you will get a 100%+ return.

These were great trades with very little drawdown, though there were a few liquidation candles on the way and it was difficult to trade.

We took them and got out for +21.46%

EASIEST TRADE OF THE DAY 13:38 - 254 BULL BOMB = 🤑

We had too much trauma from the SPY puts earlier that we didn’t take this trade. It was easy. It was the best trade of the day.

It gets better (higher returns) but it does not get easier than this.

PS at 1.81 is just within our -2 to 2 range of instant trade regardless of side.

This thing shoots straight up, no mercy no entries for late idiots like ourselves.

80 cents in 12 minutes gets you +75.07% with no drawdown on the way.

A big old frosty shoutout goes to our newest degen ThePowerofGG (who knows what this means) who executed on this perfectly.

Taking a small gain on the puts and then swapping into calls on the first day of using RIGD is further proof we are the worst traders on the platform (that we created).

This is the kind of flexibility you need to do this successfully.

You get an alert in the middle PS -2 to 2, you send it and exit the other side.

Session thoughts:

Tomorrow is CPI (pre-market), so we didn’t expect to see much action today.

We’re kind of surprised they let the green streak for the Nasdaq end today… we could have had 19 weeks in a row of green closes.

We’re also surprised that they didn’t nuke us after making it look like we were going to keep ripping.

Ultimately option sellers make the most money when the majority of calls and puts expire worthless.

Ping-pong between two strike prices for 2/3 of the session is the best way they do it.

BEAR TREND:

RIGD uses the option flow in the first hour to determine a trend for the day.

Today’s bear trend never materialized (no big move down).

Trend provides directional bias for the session. In rare cases like last Friday we move that way the entire day.

Traders could have used the bear trend to take the PS +4 alerts.

Why did the trend fail?

We’ll have to plug this into our chatbutt, but it will be one of maybe six or seven days where a trend had low volume.

We saw a ton of sweeps come in on the QQQ and started at over 100%, but it dropped to 80% by the end of the session.

HIGH VOLUME = THE BEST DAYS TO TRADE

LOW VOLUME = REALLY DIFFICULT TO TRADE

A future update will ship something that allows you to track this change over time.

We’re currently thinking that a notification when it drops below 90% may be needed to tell you that trading will be terribly difficult and likely lead to you blowing up your account.

FREE ADVANCED LESSON IN 0DTE DEGENERACY

Call us conspiracy theorists (we’ve been called much worse), but you know we believe fully the stock market is RIGD against retail traders.

Something we see A LOT is SPY and QQQ are the exact same value by cent.

Here’s a screenshot from today there were a lot of them.

That’s the 0dte-ification of the stock market.

Basically if SPY and QQQ are moving in tandem cent by cent and we get a RIGD alert on one side, we sometimes like to take that trade on the other.

So when we saw this pop-up on SPY…

We went full send into the QQQ for the $377c.

(not recommended or advised)

But just this time (and possibly maybe a few other times) it worked out pretty well.

Tomorrow’s plan is the same as every other day.

PS -1 to 1 at the open

PS -2 to 2 in the middle

LOSE SMALL and WIN BIG.

If we get a crazy CPI reading (up or down who cares), we should get a highly volatile day.

Have a great night and remember to keep it extra frosty!

-RIGD

Join RIGD today for $99/mo (no free trials no discount codes)

p.s. bowlcutcult you also get a shoutout, nice work.

(some of you may be weirder than us and that’s terrifying)

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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