How to Trade the 'Fiscal Cliff' Drama If No Deal Is Reached
Markets haven't yet priced in the possibility that Congress and the President could fail to reach a deal, but traders are already taking positions anticipating that some elements of the 'fiscal cliff' could occur.
As there are only 3 trading days left for this year - I assume that pretty much now is already priced in:
mostly on the negative or "No Solution" outcome.
If congress makes a step forward - prices may react accordingly.
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Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
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