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- THE DEGENS STRIKE BACK (+MFF with JPOW AT 10:05 AM 🚨)
THE DEGENS STRIKE BACK (+MFF with JPOW AT 10:05 AM 🚨)
It’s been the type of week that makes you question everything you thought you knew, the things you knew you thought, a look in the mirror week where all you see and smell is weak...
It’s been the type of week that makes you question everything you thought you knew, the things you knew you thought, a look in the mirror week where all you see and smell is weak, you question whether you can do this or you want to do this or you even have it in you to do this, everyone… everyone… says it’s impossible to do this, why are you evening trying to do this, but you don’t leave you can’t leave, you can’t tell why you can’t leave what it is or what it’s not, you stay in the game and then Thursday we get the turn and you think you see it, then you see it, and you feel it starting with a small the tingle in the toes that transforms into this tenacity in the temporal lobe and now you know it, it’s time, the time you’ve been waiting for, the time you earned, for the time you cut too early, the time you cut too late, the time you had no size, the time you were driven by fear, the time you were driven by greed, but this time… this time you’re ready and it is the time and you fuck this market back and the numbers oh god the numbers are fantastic but it’s not the numbers, the numbers mean something but nothing because they can’t compare they don’t compare to the euphoria the elation of winning at just this time at the world’s most difficult most infinite game, this time you overcame the mental hurdles, the emotional setbacks, the lost sleep over poor decisions and the blood flow pulses throughout the body a recycle of your entire system as your experience bar fills and your confidence builds, you know more while knowing less but know you can do this time and time again.
The numbers are numbers.
You stay in this game and you’ll learn how to make them and get better at losing less of them over time.
But seeing you guys with experience levels that make us look like we’ve done two decades on the Citadel desk… stay in the game after getting BPI’d with absolutely no lubrication continue to trust the system and the alerts and the signals and then you saw it and you knew it and you took it and it brought you back from the brink… it truly and we are being serious for once brings us just this overwhelming uncontrollable feeling of pure joy.
There’s simply nothing like seeing the homies win.
Privately we’ve shared this sentiment with the members we know… but this goes out to every one of you. It’s unbelievable. You’re unbelievable. Let’s all keep building, stacking the wins, and keeping the losses butthole tight.
You know we’re not going to spend all this time over here cuttin’ onions and shit without any kind of request so here it is…
Burn this into your brain and pay the mf forward.
When you were pushing too hard, when you were forcing instead of letting it flow, when you thought there’s no way and wanted to quit but then when you turned it around and fucked back.
We need you to carry it with you and when you see the next guy who’s going through it and you’ll know it when you see it, we need you to reach out and we need you to encourage them and we need you build them up because if you can do it then they can do it and this thing… whatever this thing is… it’s only special when all the homies win.
Let’s keep it fucking rolling…
(back to normal starts now)
MFF ALERT - JPOW SPEAKS AT 10:05 AM 🚨
It’s Friday option expiry but we’re throwing on the MFF (max fuckery friday) label because Jerome Powell will be speaking today from Jackson Hole.
This is a known market event.
This will be crazy.
There will be an initial move, it will be faded, and then ______?
TREAD EXTREMELY LIGHT AND KEEP IT TIGHT.
THERE WILL BE LOTS OF BOMBS AND FLORBS.
We’ve traded a lot of Jerome Powell events, some successfully and others we would have been better off putting thirty on the 000 in roulette.
The lead up to last year’s Jackson Hole was remarkably different, fed whisperer Nickileaks promised fire and fury and that’s exactly what we got.
Look at the opening price of SPY on the day of the speech versus Monday.
SPY 8/26/2022 - $419.39
SPY 8/29/2022 - $402.20 (-4.10%)
Let’s pretend for the sake of imaginary gains that we get the same type of move.
You buy a Monday SPY 430p for 0.54 and get a 4.10% move to the downside by Monday and you’d be sitting at a 19x.
It’s crazy we’re even talking about a 430p!
Today SPY is $436.89 a remarkable 4.17% higher a year after Jerome’s fire and fury speech with interest rates at a 22-year high in the most aggressive sequence of rate increases in 40 years.
The market is the market.
This year the runup is remarkably different with Nickileaks pushing the narrative of whether the 2% inflation goal posts should be moved.
Fed officials could try to get to 2% quickly, such as by the end of next year, by raising rates higher and only slowly reducing them as the economy weakens. That would risk a sharper downturn and possibly kill the chances of achieving the soft landing.
On the other hand, if they’re satisfied that inflation is slowing durably, they could hold them at their current level and consider trimming rates later next year. That would take more time to get to the inflation target—around three years.
What if getting to 2% isn’t worth the pain? Another strain of thinking says the Fed should accept a rate around 3% as the new target. Powell and other Fed officials say moving the goal posts like that isn’t an option.
Here’s the only thing we know…
If there’s any semblance of anything coming close to moving the inflation goal or they would consider changing the target range… if Jerome’s eyes go to whatever part of the brain says he’s lying or thinking about it or he flicks a gooey oooey boogie when asked the question… this thing will hulk beyond the likes of any we’ve ever seen.
The lizards have us setup for as much with up Monday, down Tuesday, up Wednesday, down Thursday, ??? Friday.
At this point…
Would you even be surprised?
Stay frosty!
Additional RIGD AI notes:
Lotto feature is live. There will be LOTS of these today. We’re probably going to trade the hell out of them because they’re low risk (cheap) and high return. It’s a way to play for small with maximum upsides and limited downside.
New UI updates shipped. We pushed a few things mainly to the alerts which brings three distinct boxes for the alert, market status and live stats. This should make theme easier to understand and trade. The time is also back to the left side. Next up we plan to add filtering so you can show only 500+ score, bulls only, bears only. Customize RIGD AI to your liking.
Beginner and intro content. Due to the degenerate nature of trading, especially in the 0dte context we have largely avoided any marketing and actively discouraged new users from signing up. However seeing you guys come in and use the system to win and then make mistakes (ones we have repeated over and over again), we kind of realized that since RIGD AI is a totally unique system no one with any respect for themselves will actually signup and our core audience is you, the 0XP degen. We have to do more to help you and we will.
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