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WorksheetsSurprise Me
Total questions: 20
Worksheet time: 15mins
Journaling should be a part of your trading plan.
True
False
What percentage of your account are you supposed to trade with?
10%
2%
Whatever you're comfortable WITH losing
Enough to make some money
Stop- (a) orders buy or sell at a specific price once the contract reaches a certain stop price.
What is GTC?
Good Til Christmas
Get Two Cans
Good Til Canceled
Great Til Canceled
If you fail to plan you plan to........!
FAIL
FALL
FORGET
FEED
What Is a Trailing Stop?
A typical stop order
modified contract
a modification of a typical stop order that can be set at a defined percentage or dollar amount
WHat stop?
What times of the day have the most volume (buying & selling).
12pm-1pm
9am-11am
4pm-5pm
11am-2pm
Trading can be exciting and even profitable if you are able to stay......
in the streets
focused, do due diligence, and keep emotions at bay.
on social media, do little work, over emotional and lazy
If you scale into a trade, what are you doing?
I am Buying a little number of contracts as soon as i see it go up.
Going all in at once waiting to buy more
I am buying contracts slowly until I reach my peak only after my entry has been confirmed
I am buying my maxed size contracts then selling for a loss.
What should you do first when it comes to trading?
Watch CNBC
Wait for Cramer to tell me what todo
Due diligence
open my charts
What Is a Stop-Loss Order?
used to limit loss or lock in a profit on an existing position
Stop losing weight order
Order to stop profits
Profit order
You should have a trading plan.
False
True
Stop
Loss
Risk
Management
Breake
Even
Average
Down
Scale
In
Every battle is won before...
the holidays start
it is fought.
it is agreed on
the next day
How Can you avoid risk as a trader?
When considering risk management when is your stop loss determined?
I never use a stop loss
Prior to entering the trade
After I have lost the trade
While I am in the trade
Averaging down means what?
Lowers the average the trader paid for the assest.
Increases the underlined stock
The average trades i take
The average market time
Risk management refers to......
the processes that are put into place when trading to help keep losses under control and keep a good risk/reward ratio.
Processes put in place for manufacturing my recipes
Processes put in place to help aid in my portfolio
Processes put in place to help make me a better trader
Placing a sensible sized trade in relation to the funds that you have available on your account is the first step towards
implementing a sound risk management strategy.
implementing a stop loss.
recovery.
seeing the move before the trade.
Remembering these 3 ideas will save a lot of trauma...
trade size in relation to capital available on the account
the use of stop loss and limit orders
sticking to the 1% rule
implementing a 1:2 or greater risk reward ratio.
