How to Save your Money in Chopy Market, Learn these Strategies by Ripster
Ripster , Tenet Trade Group
[{'start': '0.520', 'end': '2.400', 'text': "Hello guys, welcome. Welcome to another episode of Riftster daily trade recaps and daily teachings. Hope everybody's doing good, doing good. So alright guys, another day wrapped up. Was kind of a weird day and did give us a nice little breakout on the market in the middle of the day. After that it was a chop, morning chop, and there was just one big push and we were going to recap that. Earning players have been doing good. There are some solid earning players, Lilly, Hood, Qualcomm, we'll discuss all those. Meta was alright, just the morning profit takes short, that's it. But anyways, before we start our recaps and our teaching, let's do a quick introduction to anybody who's new. New to my YouTube, new to our TwitterX accounts, or new to our community. We trade a repeatable system, a repeatable system called Riftster EMA cloud system that thousands of traders across the world use to trade consistently. We do not trade random, we have repeatable setups. Setups is what you trade, system is how you trade. Every morning, me and my team, we make a game plan for the day. You can see the game plan right here. For the day, we have news plays, we have, you know, we have news plays, we have earning plays, upgrades, downgrades. We have a, we make a plan live in the pre-market half an hour before the market opens, I make a live pre -market plan. We have initial support and resistance pivots, and then make, you know, we have initial buys for the day. What we're going to do, that's the buys for the day. So, we trade with this game plan. I highlight any plays which are red, and which are my focus. I highlight those plays that those are the plays I'm going to, you know, focus on to trade them with the system. So, that was the plan on those main plays, but we also trade a lot of other stuff in the community. We do trade, we trade futures, we trade futures. I provide these levels of SPI QQQ, and I also provide these levels of NASDAQ and ES futures that you can use to trade the futures with our repeatable EMA cloud system to trade the market. We also have something called day two, day three strategy. The day two, day three strategy covers stocks which had news yesterday or day before yesterday, and we try to trade them. I did a free webinar on this as well a while back, and we try to trade them based upon our system. We also provide daily levels for the indices, magnificent seven stocks, the stocks which trade most volume. We drive those levels to the community, and we also trade these with our SPI VIX strategy to trade the marketplace that will cover some of those today. In addition to that, we also share the levels for coin, MSTR, and all the Bitcoin -dependent plays, so we can trade those plays in the community using the Ripster EMA cloud system. In addition to that, we also trade low floats. We have a low floats watch list, IPOs. We have an IPO watch list as well. I'm on the voice first few hours of the market open, guiding the traders to the market. If needed, I'm on the voice all day. Any trade I'm taking or even if I don't take the trade, guiding the traders through the trade setups that we trade. Our community has thousands of traders on our trading floor all day sharing ideas. We are not an alert or signal service, but we have an active trading floor where all the traders all day long share the trade ideas that we try to trade together, keeping our losers small and winners big. That's what we try to do. We have a bunch of free tools in the community. We have three-option scanners. We have a stock scanner. We have audio news alerts. We have breaking news alerts on our trading floor. We have halt, unhalt level. We have bookmap and a bunch of other tools which we provide which are worth $500, $600 a month, which are free to anybody who joins the community. It is free for them. That being said, I will show you my timestamp guidance on our players, winners and losers, and we'll try to learn from those and see how we can learn and keep implementing the system, avoiding big losers and having big winners. Let's start. All right. Let's start with SPY QQQ. Let's see what the market did today. Let's look at the daily candle, how it closed. If you see this candle, the daily candle is closed pretty bearish, and there's a gap over there in the market. Today, action was, most of the day, it was choppy, but it did give us a little breakout in the middle of the day. Let's recap here. Let's start with our pre-market planning. What was our pre-market planning on the SPY QQQ? I usually provide the pre-market planning in our pre-market guidance. I did put it on the floor today. I said, SPY, we only long if VIX breaks 24. That was the plan. We long SPY if 24 breaks and 2367 breaks. Breaks down, then we will long it. That was the plan to trade the market in the morning. Now, when the market opened, let's go here. Once the market opened, it didn't really have any direction because it was a big gap. You see, whenever there's a big gap, there's always a gap filled. Yesterday, you saw that we had a 10 -day bounce. Today, we had no direction whatsoever. We did try to short the SPY on the amateur move, but it never broke the 34.50. We closed the short. We took a loss on our short because you see this candle, it never broke under 34.50. If it doesn't break under 34 .50, it means there's no gap filled. Also, the earnings were overall good, but it was just a profit taking. It never really gave us a chance on the short side. You see that right at the open, what the market was doing, let's look here at 9.30, you see the VIX started to spike over 24. You see the VIX was spiking over 24. That's why, as per our plan, we're not supposed to long the market. The problem with the market was that after we took a loss, because you see that it's not confirmed, it was not really giving us anything. It started chop, chop, chop, chop, chop, up, down, up, down. It chopped for the first 30 minutes. That's what the market did. But after that was done, I told everybody to sit on hands. Our morning trade on the market at least didn't work. I was not really interested in market unless it broke over pre-market high. Pre-market high is a very important concept that all of you need to understand. Let's go back in time and I'll show you what happened later. Then SPY started to show this downtrend channel here. If you look at the downtrend channel, it started to show this downtrend channel and it started to push over that. You see that? This tells you it's turning bullish. It's starting to turn bullish. The QQQs and SPY, both of those were trying to turn bullish. As it was turning bullish, I told traders, watch out the pre-market highs. You can add position here. That's fine. But once it started to push, you see it pushed. It started to push over the breakout. I told the traders, get the next pullback. Let's look here. You see that it's breaking out. It's breaking out of that candle. Now you will see that it's a breakout. But before it was doing this, there was this pullback. You see this pullback? This pullback, I told the traders, add on this pullback. Then if it breaks out, you further add into that position once it's breaking out. You can add your calls, 563 calls or 483 calls on QQQ. Doesn't really matter what you want to add there. Once it's confirmed the breakout, you see this was the pullback candle. If I can show you that again, maybe I can show you that on SPY here. Let me show you here on the pullback on the SPY candle. You see this breakout? This is your initial long once it's breaking the trend line. I was more interested to see if we can break the top of the pre-market highs. That's what I was interested in. Let's see here. You see that big push and then there was actually, you don't see it, but there was this pullback. This is where I told the traders to add on that pullback. A lot of traders did add on that pullback. Once it broke out of the pre-market highs, I told the traders, add into your position. From that, I told the traders to hold the longs, let it work out, and we pushed. You can see that my timestamp guidance and we pushed. We pushed decent. Our staffs were now at 512s. The traders who were long here or here, if you look at the QQQ calls, we can look at today's expiry. Let's look here at 483s or 484s. Those calls on that breakout right at 1020, they went from one buck all the way to four bucks. That was almost 250% gain on this breakout, the one that I'm trying to explain it to you. We got the loss, but there was a small loss, but the winner was two, three times much more than what the loss we took. That's how you turn it green. There was no setup after the first loss. The setup was here, the setup was here. That's what we traded. You could trade the leverage ETF on their breakout, you could trade whatever. Not only that, if I show you that what I was talking about, because I try to teach these setups live, I never try to do hindsight things. Let me show you something here. What I told on X, let's see here. If you see that, I told the traders, if VIX drops, we will get the trend out of the pre-market highs. This was the setup even before we broke out. This was the next breakout add into the position. You see that, that was the breakout. What we noticed was these candles, this is where you add. When this is happening, you know it's going to go higher, you add. This is happening again, you know it's going to go higher, you add. You see the move from 483.50s all the way to 485.86. That was the trade to make money in the market. Either you're trading S&P, SPY, Nasdaq Futures, QQQQ, ES Futures, leverage ETFs, options, anything you're trading, that's your repeatable setup to make money on. You sit on the hand when this is happening, you take an initial loss, you sit on the hand because it's not giving us a short, it's chopped, so you get out. We took that morning loss, but you see this move and just like that, I showed the move before and after that it happened. Your entry could be here, add into more position here, your entry, which I specifically mentioned on the voice, that your entry can be here, and then that it takes you way higher there. Now what happened later was the market gave up. The reason market gave up at, what was it, 11.30. 11.30 was when it started to push over the 512s. You see this is VIX is curling, VIX is curling, and SPY QQQ is breaking down, so you exit. That's when I told everybody, exit all. There was a news on NVIDIA, and we got a little bullish on that and really thought we might push, but NVIDIA news was actually the top. After that, NVIDIA dumped, and then we went into the chop. You short here, you cover here, or you close out everything here, and this was a chop zone, guys. This is where you trade and you lose money. This is where you trade and as you lose money. If we did not exit at the 512, we would have lost money long too. You long here, you long here, take some off. I told the traders to sell 50% off. We were expecting a little bit more push, but regardless, we were not red in this trade. After that, we avoided it. All this action, this action was avoiding the chop. All this was the chop. Nothing else. Up, down, this is not a trend. When the price is stuck between the pre -market highs or the highs of the day or this area, this is a chop zone. My labels also told that it was a chop zone. That is how you save money. Your trade was this, or maybe you short the 512s here, make a little bit of money here. Morning loss, small loss, and big breakout win. That was a beautiful, beautiful trade in the community today. That was one of our good trades that made a little bit of our day there. Let's go to the next one. Next, we're going to look at Google and Microsoft. When this breakout was happening, guys, let's go back. We're done with the VIX. When this breakout was happening on the market, at that time, a lot of stocks ran. That was your opportunity. There was a Google long right here. There was a tough day, but if you stopped trading after this, you would have been okay, took a small loss. Also, remember, it was a gap up. This was a gap up chop. This was what it was, a gap up chop. Google gave an opportunity. I mentioned that Google has a call flow and traders traded Google in the community a little bit there to the higher side as well. A lot of traders were trading on Google as well. There was a Google pushed on that. Amazon gave a nice trade on that as well. There was a nice push there as well. But it was not a huge call. It was just a little bit call, but Apple was a better push on that breakout. Everything moves to the market. Apple, though, was weird because of the earnings. It had weird candles. Then it held up because of the earnings, didn't really break down, but there's no trade in this was a chop, this was a chop, this was a chop, this was a chop. We need, as active traders, we need to learn how to avoid this chop. This was the only setup. Everything pushed on that. When we'll recap Tesla, you will see that what Tesla did, same thing here. All right. Let's talk about Lilly now. Lilly was one of our big trade in the community today. We did try one small call, which failed, but we'll look here. This was Lilly today. All day fader. Let's look at Lilly daily chart. Lilly, it broke the MTF clouds. It was a lot of MTFs there. You see that breaking the MTFs. It also break another MTF middle of the day. That's how Lilly was, but let's look at the pre-market plan on Lilly. Lilly was one of my top focus. We have traded Lilly many, many times. I always highlight any trade which is high focus for me. Lilly plan was watch the 512 calls if PM lows hold neutral to bearish buys. When this happened, as soon as the market opened, I told everybody Lilly short. I even tweeted about that in the morning that Lilly short right away. You see that? When we shorted Lilly, 830 was our first target, 825 was our next target. Why was our 825 our next target? Because 825 was 2021 MTF. By the time we hit 830, the puts already went 100%, right? Nice move from here. Now, it started to bounce. That's fine. When it pushed over here, we closed our puts, and we tried to curl it. We tried to curl it, and when the curl failed, we got out and we re -shorted it. This is a great concept I teach a lot. The 512 breaks is even more bearish. When a bearish stock fails to curl 512 clouds, it often indicates continued downtrend means it's more bearish. It's more bearish. That's why I said Lilly re-short. If you got out of the 830 puts, you could add the 830 puts again. Whatever you want to use to trade it, you add it again. When I told traders, if we break the MTF, we're going to go lower 820. I even told traders on the voice, we can even go to 800. That was our target. As soon as the MTF was gone, Lilly continued to fail, fail, fail, met our 800 target. I told the traders to roll with profits into some other options. If you made, let's say, 4, 5, 6 grand, you throw 7, $800 into further lot options. After that, Lilly bounced and we stopped out of all of our short. Before I discuss the curl, this was a home run setup. There was a short right here, there was a short right here. It should be the shares or the options, you can do whatever. If you just want to look at Lilly lottos, let's just start with 830s. 830s went from $4 by end of the day, it went $38. Initially, it went 400, 200%, 100%. Let's say you shorted here at $6, it went 100%, it pulled back. This was when Lilly failed that curl that I just showed you. Then you can get back in those again, they were $8, or you could trade 820s. It doesn't really matter. You could trade 820s. Let's go there. Let's look at the 820s. Even that 820s went from $6 to 30. There was a 400% gain on that. If you just held your shorts from the morning, if you did not stop out, then of course, you got more than that. If you don't read too many, even if you have two lottos, let's say you had two options for $1,200. At the end of the day, you're making $5,000, $6,000, but you just have to be patient. You don't have to load your whole portfolio into these puts. But anyways, you can see the timestamp guidance, you can see the failed curls, and how we nailed the short. Huge win for us, huge win for the community. You can find some past Lilly trades as well, if you look through my history or recaps. We tried this curl longs like this. When we tried this curls longs over 810, we put our stops at $8.05, $5 risk, it pulled back. We held it on, we moved our stops up to $8.06, $8.07. Then Lilly curl started to work. It started to push from that, it pushed to $8.15, $8.16. But once it break here, remember, you're trying to start shorting here. When it breaks here, you exit it. You exit it, and Lilly actually gave another fail back to $800. I was not part of that, but you see how many failed shorts were there on Lilly. That was a curl, and then this was a failed short again. We gave a little bit money here, but we made money here. This was a scratch, break-even trade, didn't really give us much. But you can see the power of the Rift 3 EMI cloud system. You can see the power of the MTF clouds, MTF1, MTF2. You can see that how the Lilly trade was amazing. You can see we tried to play the curls, but the curls did not work, so we stopped out at $8.11, and we were out of that position end of the day. Let's go to the next one. Next trade, which was a successful trade, was Qualcomm short. Let's look at their Qualcomm. Qualcomm was a highlighted trade, short if it breaks pre-market laws, only long if 140 holds. That was the plan, 139, 141 were the levels I gave in the pre-market. As soon as I saw the weakness, I told everybody to short and watch the pops. When I say pops, you watch the pop back to the high of the day opening price or the 512. You hit it here. That's when I told the traders you can hit it here, right here. When it was testing the 512s, you hit the short right here when it's testing those 512s, and you hit the short here. And then 512 rejections, the target was 135. We almost hit that 135. We're still short of $0.20, but this was a nice fade from here to here. Then it started to curl, and we stopped out. It did fade again. It gave a nice little fade, but then again, never broke that previous lows. This is called higher low on a 30 -minute candle or whatever, but you know that's higher low, higher low, higher low, higher low, means it's not going to be short. The buyers keep coming in on this trend line, and so it was not worth it. It was only the morning short from 138s and all the way to 135.24s. Decent move on the puts, nothing crazy. We can look at the 137 puts, always look at the closer puts. Those ones, if you look here, at the open, of course, they have high IV, but it did from the rejections 175 to 170. Nothing crazy, but it did give a decent trade there for the traders in the community. Let's go to the next one. Next one we're going to look at is Meta. What was Meta doing today? Meta was an opening profit taking short. Let's look here. What was a Meta trade? So, Meta, what was the plan on Meta? Let's see here. The plan on Meta was bullish buys to long pullback, 596 under psychological breakout, no go under the support level. So, we are not going to be long under the 580s or 575s. So, as soon as breaks 512s, I told the traders, no long yet, still a profit taking short, no long yet, 575 big support level. So, you short it, 585, short it, still heavy, and it hit our 575 level. Then it even hit, my next target was 571, and we hit 572. At that time, market started to bounce and it started to recover, but this was the winning trade into 10 AM. That's why we always, always, always recover our profits, first profits into 10 AM. Then it started to bounce. It was trying to call. We tried to play the call, and by the time the call started to work, the market started to fade. So, the calls failed, right? So, you have to add calls right here, and the stops are 580, and that calls kind of failed, and then the call did not work, and we got out, and that was a lot. So, this was a chop again, guys. So, this move up, down, up, down, it's very hard, nothing wrong with it, but we can only manage our risk. So, we just can't just go crazy. Once it does this, just leave it alone. Morning short, that's it. Try to call here. We do not try to buy these dips, but our setup was right here. But again, there was all this resistance here, so it couldn't push higher, and the market started dumping, and the Meta did not work. Meta was overall, I mean, we did get a little short here. It was like a bummer. It has a gap to fill. We'll watch tomorrow what it does. It does have a decent gap from 566s to 540s. We'll see what it does tomorrow. All right. So, next one we're going to look at is Tesla. So, Tesla was a morning loser because it did not hold that 283. We stopped out, and we got out. So, that was a morning-long loser, right? So, we were watching the pullbacks, but then it gave a 512 calls right here, and the target I gave was 290, and final target I gave was 293.40. But again, the market started to pull back heavy, and so we stopped out with Tesla. So, everything is the same to what market was doing. This move, this move, if you did not manage, today was a day that if you were not managing it closely, you could lose a lot of money. So, not the best of the day with the price action. This price action is not what we want up down, up big, down big. It is very hard to trade this setup, but we can just manage our risk. When this breaks, you get out. Your entry was here, not here. So, I don't expect anybody to start adding here. Your entry was here, this area. So, if your entry is here, you still get out in positive or a little bit profit. So, that was Tesla. Let's look at Nvidia. So, Nvidia was our loser today because so much chop in Nvidia. We shorted it, and it bounced. We covered the short, pulled back, up, down, up, down, and then there was a news on Nvidia. We tried to long on that news and even lost on that. You see the pre-market high breakout. So, yeah. So, these were the losers, guys. And it's part of the game. That's fine, right? Because you just have to identify this price action. I heard this gap up chop. This is called gap up chop. You see, this was all the chop zone, no trades. This is called chop zone, no trade zone. It's basically there's no trend in this entire thing. I did tweet about that as well. You have to know the market personality. It's not always about making money. It's also about understanding the chop zone. I did tweet about it as well, that this is a chop zone. Ripster labels are telling you it's a chop zone. Chop, chop, chop. After that big push, chop, chop, chop, right? So, that was it today, guys. That's how you do manage that. Let's go to the next one. So, next one we're going to look at is Hood. Hood was our morning short, gap and crap right at the open to the 47 target. And the next level was 46. We did not hit 46. We hit 47. You can see that Hood was, let's look here. Where's Hood? Yeah. 512 fail, wait to see 34 hold, long versus 50, no go under 50. So, basically, under 50, there was no trade. So, Hood was a 50 psychological level short. And you have to be fast. You have to short it right at the open. And when I said that, and you shorted, you shorted, you covered it. And then, of course, 10 AM, right? The 10 AM concept is so important. You see the bounces at 10 AM right into the MDF. You could re-short it as well. But I didn't focus on that later in the day. But this was the main gap and crap. So, then we had CVS. That was a gap and crap as well. You see the first pull down, pushed, you shorted again, faded, faded, cover here. We tried to call it, didn't work, failed big time, and flushed furthermore. So, this is also a gap and crap. But you see the first candle, wiped the whole move up. And then it took all day to just make the first candle. You see that. So, this is something you have to understand, right? And if you draw the Fibonacci on CVS, you see that it's been bouncing from that 61. If you put it high of the, you know, if you put that, even if you put it right here at the high of the pre-market, you see it's bouncing from the Fibonacci levels. Always use Fibonacci on the gap and craps. So, there were some other trades. You know, RGV, one of our lead traders in the community, he was guiding on this day-to-day three setups. I love day-to-day three setups. Actually, they were much better. So, RGV alerted the long there on ODD was long all day. It was one of our day-to-day setups, one of our MTF support and 55. And it was also all-time high breakout. So, that's why it was a long from here into that. And you get out right here. So, there are some other trades as well. There was Wayfair, which was a morning short. Let's see if you had it on our game plan here. Only long if clouds hold daily 50-50 MTF. It could not push over the 50 MTF. And that was a nice short. You would see that breakdown right from there. Then we had our Starbucks, which was our day-to-long. And again, Starbucks, one of our top day -to's. You could see that it pushed over the MTFs, right? And then MTFs really helps to take those long trades, give you a couple of bucks there. There was PLTR, one of our day-to's. It has been running for a few days. That was a short at the open under the MTFs. Traders were on PLTR. And the lower MTF was the target. Never could pull up. You shorted again on that retest and take it down. There was also MSTR. You see this. This was the long setup right here. And it was around the same time the market started to push, mimicking the market, this move. You see that? Mimicking the market move. And it pushed it. It was a 400 breakout. You could long it here and take it there. Traders were trading that one in the community. So yeah, I mean, you can see the guidance by a lot of traders in the community on MSTR. So anyways, guys, this was it today. Not really the best of the day, but you need to understand the chop, the gap up and chop. Hopefully, tomorrow we have a better day. Thank you for watching. Take care. Bye-bye."}]