by Mike L.
I'll save you the trouble from the speculation of what is going to happen on Wednesday. The ex-spurts will talk about how the probability of tapering is closer to 90%.
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In the end, it doesn't matter. Whether it's happening at this meeting or the next in December, it's going to happen. The markets will force them because of the ballooning FED balance sheet. That is really it. You don't need to keep listening and watching Bloomberg or CNBC with tons of charts that make no damn sense and will not contribute to your overall profitability in trading.
It's really simple, if you believe they will taper, short the market. If you believe they won't taper, go long the market. There, that's not something you'll ever hear from the people on finance TV.
Mike Lim is currently the CEO and Co-Founder of Equity Sense. He founded Equity Sense together with Gavin Martinsson. His twitter handle is @MEQSENSE. He has been trading for close to 10 years. He mainly trades futures and options.
Traders from Equity Sense will be writing on this blog on positions and other market-related things.