Deal or no deal.......

Politicians are busy working on some sort of deal.....outcome of that coming through remains as elusive as ever.....whole world knows for month what is keeping politicians apart...but politicians rhetoric is the same old "solve nothing mode"

Here is technical picture of our indices :

S&P 500 below 50 DMA

Nasdaq below 50 & 200 DMA

Dow below 50 & 200 DMA

CMF is still positive but getting awfully close to negative....

Considering the damage to investors psychy by politicians, indices has held up relatively well.

As the year has closed for most traders, it is important to evaluate trading result.

For me, 2012 was saved by my currency exposure, i ended up positive for 2012 by +.20%......way less than a % gain...but gain is a gain......

My worst trade was on NTES which i bought June 21st 2012 for $62.69 & sold on Sep 5th, 2012 @ $48.80..a loss of $13.89 per share or losing 22.16%........IF i had held this stock until now, i would have lost another $6.46 per share or further loss of 13.24%........i generally do not stay long in any losing scenario but i stayed too long with steeper loss in NTES.....i generally get out close to 10% max as volatility has been very high in 2012.......

My trading resolution for 2012 is to keep locking profit & buy back the same stock @ lower price....in my universe i have about 50 stocks which i keep a very close eye on trading pattern.....IF i had changed this strategy in 2012...i would have gone into loss scenario. Most stocks keep trading in a 10% range......

I sincerely hope that you have looked @ your 2012 trades closely to come up with an "executable trading style"

IF there is a deal tonight & a yes vote by both Senate & House, i expect a strong rally......quality of agreement may dictate IF rally can be sustained or sold......

Good luck in your review of 2012 & strategy for 2013.

BLOG does NOT give buy or sell.

Saleem