QQQ same same but different? (it's different)

Hello frosty friends we hope you had a wonderful weekend.

Ours wasn’t so great as max fuckery Friday lived up to its name as the market ripped then dipped leaving our gains to get obliterated.

Should we have taken the 50% in 20 minutes on the QQQ trade?

Absolutely yes…

Are we ashamed that we did not?

No because god dammmmit we’ll do it again.

Setting your take profit and stop loss levels is a conversation between you and whatever god you believe in or happens to favor you the most.

Ours didn’t follow through on Friday nor on the powerball drawing… (yet).

QQQ Bombs on 7-14

This is exactly what we’re looking for when it comes to taking trades.

The first fires at 9:51:10 for 367 score and the next is 9:52:31 for 585 score.

Back to back high values = $$$

It’s even better when the second score is higher than the first. Unfortunately the lizard people running the markets didn’t want everyone to get rich and rugged us all after thirty minutes.

2x QQQ Bombs Today… Same Same or Different?

RIGD fired two bull bombs on the QQQ at 261 score at 9:37 and 280 score at 9:45am.

It’s different than Friday and an example where the chart can be helpful to guide your degenerate decision making.

Bomb 1 - 280 score strike 381

You’ll notice the first bomb fires at the high of the day and there’s also one red florb (bearish flow) before.

It’s not a trade to take.

Why?

Typically when we see a breakout move up either the score is higher (500+) or there’s a number of green florbs (bullish flow) before the bull bomb.

The current return for this alert is -49.02% 😭

Bomb 2 - 261 score strike 380

The second bomb fires as the price is going down. We want to see bull bombs at the bottom and bear bombs at the top because catching the reversal is where the most money is made.

If you took the 380 call option immediately after there was a max drawdown of -9.78% before it was profitable. This is well within even the most conservative degenerate’s risk profile.

The live gain is currently 68.48%.

Buying is hard but selling is harder.

Eventually we’ll have AI recommendations on when to take profit based off our historical data, but looking at the chart there’s kind of a ping pong of florbs (flow orbs) which typically means price action is going to be choppy and the only person getting rich today is Ken Griffin and every other lizard writing options and collecting premium.

Let’s look back at Thursday July 13…

Here’s where you have bull bombs firing and a ton of green florbs and the market ripped up after.

Ultimately we’re doing two things with RIGD that are actually a bit contradictory now that we’re writing them out.

No need to look - looking at charts and screens is boring, so eventually the recommendations will be so juicy you won’t need to check the chart or look at the app. Buy time and sell time juiced with machine learning and AI based on our historical data.

You really want to look - since charts and screens are boring and do a poor job of highlighting the underlying activity, our flow pages will be interactive like a sportscast giving you an entertaining way to gamble trade the alerts, flex in the chat and really understand the events happening under the hood.

It will definitely be better than whatever it is you do for a day job.

Priorities and Updates

QQQ tweaks - Yesterday we spent a lot of time looking at our historical data and will be making a few tweaks to our weighting for the QQQ. This will bring scores more in-line with what happens with SPY where there’s significantly higher volume and activity.

SPY upgrades - We’re monitoring SPX option activity to see whether we can use what happens on the index to improve our bombs on SPY. Given SPY is the retail friendly clone you would think trading would mirror one another but the stock market is rigged and they don’t.

Dashboard - Having a functional but not yet pretty dashboard is priority one, so users can see what alerts perform best by score, session (open, middle, close) and average hold times. This requires a cleanup of our backend data which currently resembles a 600lb man identifying as a woman living in one room in a 5000sq ft mcmansion with an unlimited uber eats budget. Yea… it’s messy.

Florbs - Flow orbs calculate our weighted (call premium - put premium) every minute. As you can tell they’re super useful to guide decision making. We’ll be replacing marketflow on our flow pages with FLORB Ratio which will be the cumulative weight call - put premium for the day.

Here are a few select definitely real reviews:

“Wow RIGD is an incredible value because it pays for itself many times over with just one good trade!” - one of our moms

“Wow I love trading 0dte options the most I can lose is 100%!” - ex gf with 3 DUIs

Stay frosty!

thanks for reading THE REPORT by RIGD AI

First time reader?

Check out what is RIGD AI

we’re building tools for the modern degen investor

follow us on twitter @rigd_ai-17