Riceman

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Riceman

Riceman

@DougRidgley

Katılım Haziran 2014
284 Takip Edilen128 Takipçiler
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Riceman
Riceman@DougRidgley·
I do no prep, just wake up and determine what to do off the daily and 30 min charts. Buy a contract or two. Just try to end green, quickly. $SPY
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Riceman
Riceman@DougRidgley·
@Gayker1024 @thetechlao Identify your levels. Premarket high/low, Previous Day high/low and any whole number (especially multiples of 5). Observe how price moves approaching those levels. Once trade goes green, exit. Don’t overstay. Try to keep losers small. Basically your scalping and piking. $SPY
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Shen Lao
Shen Lao@thetechlao·
$spy 0dte update Green Day ✅
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Riceman
Riceman@DougRidgley·
@thetechlao Up 16.3% on week so far. I’m trying to make 10% a week for now. Have to be careful here so I don’t give it all back. Looking for quality setups and keeping size small. Only go large size on highest quality set up. $SPY
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Shen Lao
Shen Lao@thetechlao·
$spy 0dte update successful red day 🚩 til tmrw
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Riceman
Riceman@DougRidgley·
@YFIHQ Should shot that fucker when he came on the kid’s boat.
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YFI 𝕏
YFI 𝕏@YFIHQ·
A lovely relaxing day on the boat 😬
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Shen Lao
Shen Lao@thetechlao·
Since $spy went bananas $SPY 0DTE 708P ITM Entry 708.5-708.8 Stop 709 Must open below 708.5 This is first touch rejection play
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InvestWithRian
InvestWithRian@InvestWithRian·
@thetechlao I lost some money too bro. At this point, I think it’s less risky to get calls when it touches support instead of trynna short of rejections. The bull is in control.
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Riceman
Riceman@DougRidgley·
@thetechlao I’m calling it a day, done early. Up 19.1% on my $1000 account in two weeks is close enough to my 10% per week goal. Good luck out there. $spy
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Riceman
Riceman@DougRidgley·
@thetechlao I’m starting think if the trade doesn’t go the way I want it pretty quick I should just dump it and look for a new entry. Sizing way down allows this.
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Shen Lao
Shen Lao@thetechlao·
here's how a 0DTE trade goes from -30% to a total loss. and it happens faster than you think. you enter a trade. it moves against you. you're down 30%. your brain kicks in: "if it gets back to -10%, i'll close it." it doesn't. it goes to -50%. "okay if it just gets back to -30%, i'll take it." it goes to -70%. and at some point around -70% or -80% you stop watching. you just let it go. because the pain of closing it feels worse than the pain of ignoring it. so you let a $SPY 0DTE contract bleed to zero. i've been there. here's what causes it every time: no predefined exit. not a stop based on price action. not a max loss % you committed to BEFORE entering. just hope that it comes back. hope is not a strategy in 0DTE. or in any trading strategy. every minute you hold a losing contract, it loses more value. theta doesn't pause while you wait for a recovery. the fix: before you enter any trade, ask one question: if this goes against me, at what point am i out? you answer that question before you click buy. not after. my answer is always the same: if $SPY closes a 1-min candle back through my level — i'm out. hard max: -20%. the trade that goes from -30% to -70% is never a market problem. it's always a rules problem. rules: - define your exit BEFORE you enter - minus 20% hard max. no holding. no hoping. - overholding builds the worst habit in trading. in trading, rules > strategy every single time. respect your rules or the market won't respect you.
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Riceman
Riceman@DougRidgley·
@thetechlao I logged a green day too. Not much, but it’s green. Needed it after a bad defeat yesterday. Just going to walk away, preserve mental capital. $SPY
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Shen Lao
Shen Lao@thetechlao·
i owe you all some transparency. i broke my rules. not once. multiple times. i've written about revenge trading. about survival brain. about how the worst trade you'll ever take is the one right after a loss. i took all of those trades. and i'm sitting here now having gone from $5,000+ in profits to $1,500 remaining. that's on me. entirely. not the market. not bad luck. not a setup that didn't work. me. my decisions. my broken rules. i'm attaching the PnL calendar because that's what this account has always been about. you've seen the good months. this is the other side of the journey. and to everyone i've seen on X going through something similar — i'm including myself in that list now. (not naming names) we all know the rules. the hard part is following them when it matters most. here's what i'm taking from this: knowing the system isn't the same as living the system. i knew every rule i was breaking. i broke them anyway. that's the humane part of trading nobody talks about enough. we're all capable of this. even the people writing playbooks about it. moving forward: → back to $200 campaigns. rebuild the habit first. → the original system $spy 0dte → every trade posted. no filter. i still have $1,500 in profits. i'm starting from that foundation. and i'm grateful i have one. still here. p.s. happy to hear anybody else’s losing story, I’m sure we all have our fair share
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Riceman
Riceman@DougRidgley·
@thetechlao Your experience mirrors mine. I gave back $746 profit on my $1000 start account. Broke every rule. Still have $69 in profit.
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Morgan Ariel
Morgan Ariel@itsmorganariel·
Watch Loomer go on an unhinged rant about Tucker Carlson. This girl seriously has a chemical imbalance in her brain. She’s a nut job!
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Shen Lao
Shen Lao@thetechlao·
my $SPY 0DTE entry isn’t a price. it’s a zone. most traders wait for SPY to hit $680 exactly. then they enter. then price spikes through $680.30 and stops them out. then it reverses and runs $1 without them. sound familiar? here’s how i avoid that: $680 is my level. but i don’t buy the put AT $680. i let SPY push above it. $680.20 — first entry. small. $680.50 — add if still rejecting. $680.80 — stop. level failed. out. i’m scaling into the rejection zone. not guessing the exact top. same logic on the call side: SPY drops below $680. $679.80 first entry. $679.50 add. $679.20 stop. the zone tells me where i’m wrong. not a random percentage. not a stop set in the app. if price reaches my stop — the level failed. the thesis is over. i exit. no argument. Tier A: $800–$1k base. add $200–$400. per trade stop: $100–$200. daily max: $500. then done. no indicators. no alerts. just zones. try this.
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Shen Lao
Shen Lao@thetechlao·
My month of March+April for full transparency 🤝 25W/4L $4.6k PnL $SPY 0DTE only
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Riceman
Riceman@DougRidgley·
@thetechlao I meant to say $1700 becomes $240,000+ at 10% a week profit in a year with compounding. $spy
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Shen Lao
Shen Lao@thetechlao·
@DougRidgley Great goal to do man I’m all in for that for you
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Shen Lao
Shen Lao@thetechlao·
wanted to share today’s trades since you’ve been asking. the plan was to short 682.5 if $spy got there. it never did. pure chop all morning. but local resistance showed up at 681.5–681.8. tested it three times. those were the plays. shorted all three setups off that level. something i’m noticing and adding to the strategy: previous day’s high is a reliable level. yesterday’s pm-high was 681.7. when spy retests it the next day, puts off that level for a $0.30 move down is a high probability play. filing this as a tier B 0dte setup. not the bread and butter psychological whole dollar levels. but when those aren’t in play, previous day’s high fills the gap. size accordingly. smaller conviction. the strategy keeps evolving. sharing everything in real time with yall have a wonderful weekend
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