Trading Strategy Essentials Quiz

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Trading Strategy Essentials Quiz

Test your knowledge and understanding of key trading strategies with our engaging quiz!

Whether you're a novice or an experienced trader, this quiz offers:

10 carefully curated questions
Insights into effective trading practices
A chance to evaluate your trading strategy knowledge

10 Questions2 MinutesCreated by TradingTiger234

Why do you add a stop loss to plays you take?

All of the above

To protect your capital (account)

Formulate a set of rules to stick to

To prepare for the best and worst scenarios

To help your mentality while in a trade

If I were to trade this, where would I put my entry?

Above candle 1

Above candle 2

Below candle 1

Below candle 2

Where would I put my stop loss once Iv entered the trade?

3-8% below my entry

9-15% below my entry

3-8% above my entry

9-15% above my entry

If you are in profit (at the point of my cursor) what happens to your stop loss?

Stop loss stays the same

Stop loss moves down 3-8%

Stop loss moves above entry 3-8%

Stop loss move to the top of the 2 candle

When we get rejected back down for the first time, what am I looking for? And what do I do?

I’m looking for areas of resistance farther back that we may have hit, I’m exiting the trade.

I’m looking for areas of resistance farther back that we may have hit, I'm staying in because there wasn't any and my stop loss hasn't been hit.

I’m looking for areas of resistance farther back, there was some, so I exit

I’m looking at the % I made, deciding I’m happy with it, and getting out

As we start to recover from the small rejection, what is the next thing I’m looking for?

Rejection/continuation near the gap fill

Rejection/continuation at the top of the previous green 2 candle

What should I be looking for if the current price is at my cursor?

A continuation up

To take profit

If we are approaching any past resistances near current price

Take profit, and buy another contract the opposite way

Where should my stop loss be if current price is at my cursor?

Close of previous 2 candle/open of current 2 candle

Top of previous 2 candle

Low of current candle

Low of previous 2 candle

If current price is at my cursor, what am I looking for?

A continuation up

A rejection down

A continuation up or rejection down

To take profit

Where should my stop loss be if current price is at my cursor?

At the top of the previous 2 candle

Stop loss stays the same

Lower the stop loss to the high of the first red 2 candle

Trading Strategy Essentials Quiz

Trading Strategy Essentials Quiz

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