Bull Swing PS 1 goes +377.90% (but you didn't trade it???)

Good evening frosty friends,

Whoa baby a face ripping low volume rip to the upside!

The green 18 Mondays of green in a row for the $QQQ ended last week, but now we’re soooooo back.

No mean reversion.

No Christmas for bears.

We thought this would happen, we just wish we traded it better.

WHY DID STONKS RIP ON LOW VOLUME?

Most low volume days we see mean reversion which means 2-strikes up or down max.

Today was not one of those days.

Why?

AN EVENT!

Excerpt from the RIGD Docs:

So what was it?

The 20y bond auction which we are not even going to fake understanding was good.

On 11/09/23 the auction was bad and we nuked.

Today the auction was good and price ripped.

That’s markets.

After losing a trade before, we caught the upmove with size and of course did the thing we always do which is sell too early.

Why did we trade it?

Because on 11/09/23 the auction was bad and we went 4-strikes down.

So when we see all these green florbs come and price start to go up.

We follow the move.

That’s expert degeneracy built up over a few months of building the RIGD AI system and living and breathing 0DTE.

Pro RIGD traders could have also cashed big today!

PRO RIGD AI TRADER MODE ON

First our apologies for the delay on initial alerts. We had to update this thing called heroku because apparently the internet webistix application we’ve created is growing too fast.

All fixed now.

The top alert today was the 10:24 - 280 BULL SWING PS 1.0 on SPY.

SWING Alerts = swings in volatility. BULL SWING means we’ve come down from the high.

These are rare in the open session.

Take the trade and survive a meager -13.60% drawdown and this bad bull boy goes +377.90% at the high or if you bought and did nothing you went up +244.20%.

Absolutely killer.

If we go to the 10:24 timestamp on tradingview you can see this exact candle is the lowest SPY will be for the rest of the session.

Your furu cannot do this.

The lizards of wall street determine the bottom.

We copytrade them and win when they win.

THE BEAR BOMB THAT KILLED A FEW PEOPLE

A few members got killed by this BEAR BOMB on QQQ.

We were in the trade too.

This thing fires at 11:01 - 249 Score PS 5.52.

It’s a lot what we look for in a mean reversion trade outside of the time (prefer later in the session).

But it does not work.

As soon as you reach the 20% or 30% loss threshold, it’s time to exit.

There were plenty of opportunities before the hulk to the upside.

Starting at 12:15 there’s a ton of green florbs versus three red ones. That’s the bat signal to exit the mf, take the loss and move on.

0DTE Psychology:

Wall Street does not win every trade and neither will we (this bomb was like 300k in calls sold and puts bought at the ask so they are also having a very bad day and likely in a lot of pain).

The problem is when you’re new at this, your mindset is something like 80% hope and 20% fear.

80% hope the QQQ will move down and you can get out at breakeven

20% fear that the 20% loss will spiral into a 30-40-50% loss

Remember:

always lose small

sometimes win big

always be patient

never be stupid

fear it will go down

hope it will go up

Mastering these things takes a lot of time but we will keep repeating them.

If you can’t do the above, you won’t make it in 0DTE.

RIGD is easy.

Being patient and not stupid is hard (especially for us).

Take the loss and move on.

Marry a wife or a man. Do not marry your positions.

ONE MORE LESSON BEFORE WE GO…

Now that you mastered everything above, we’re going throw one more rule into the mix.

Never step in front of a train.

If Greg Plitt couldn’t survive it, you definitely won’t either.

Don’t step in front of the train means when the market decides to trend one way or another, don’t take the opposite side.

After SPY and QQQ made their big move up, we see a few alerts come in all with relatively low score (sub 500).

And they’re all terrible.

Low volume, you make your money and get out.

Today that meant buying the early BULLS and holding on.

RIGD NEWS:

30 days of free credit is being added to all active subscriber accounts now.

we just applied for a new data license which will become the “mona lisa” indicator which should help A LOT if you’re in a trade

mona lisa is designed to help traders know if a nuke or hulk is coming. backtests are extremely promising and go-live will probably be january.

new signups at rigd.ai get 30 days credit added to their account from now until the end of the month

can’t wait to run it back tomorrow with more patience, less stupidity and hopefully some volume and sweet tasty gains.

stay frosty!

-@rigd_ai

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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