SPDR S&P 500 (SPY)

[Perseverance71]

lol, yeah I could see how me saying the word manipulation so much could get tiresome. But seriously though, what's been happening lately is so blatant and disruptive to trading it's angering me, and I guess I'm just venting. Just look at today's $192.00 close, couldn't be more obvious. I will tone down the manipulation talk though, as it's not constructive.

Twice government interference has cost me 5 figure losses, last September I loaded a 50K position of December 185P expecting a larger down turn, a few days later SPY suddenly rallies 5 bucks in one day out of no where, thus began the October rally where SPY floated back to 210, staying overbought on small fractals much longer than should be possible. Didn't know how to explain it at the time, only after seeing it happen again this past week I now realize it was government intervention to prevent a collapse.

Once again last week, the chart looks primed for a drop under 180. I'm like ok cool I will buy some June 170P, and wait for it to unfold. In comes the government again to save the market. No way real buyers or even wall street manipulation alone could make SPY bounce that hard, gapping up each day and rallying 12 bucks in 3 trading days. The government is behind this. They know if SPY broke under 180, people would see the writing on the wall and everyone would bail from the market, causing another August 24th to happen. The market would see a massive drop.

Central banks have no problem destroying the economy but don't want to deal with the consequences of the stock market collapsing as a result. I hold firm this rally would not of happened and Spy would be under 180 if the government didn't interfere. And my puts would be green.

But I will get over it. Life goes on, trading goes on.

I will keep trading. As it's the best way to make large sums of money. It's still better than working at McDonalds for 8 bucks an hour.