For sport Fantasy Teams, such as Premier League Fantasy Football (English Football/Soccer). Trades that are made straight after seeing either a player you have in your team does not play/does something stupid, or seeing a player you were thinking about getting into your team go off-tap and score a bajillion points.
Usually made while the gameweek is still going or barely finished.
A viable strategy in fantasy leagues.
Did you see Jerome last night? I made a rage trade this morning to get him into my side, pity I miss out on those 12 points.
I rage traded Drogba out of my side after he put the ball into the back of Saha's head for, what I'm calling, an own goal.