TH » Test: Emotions in Trading: An Introduction

Test: Emotions in Trading: An Introduction

Question 01: Which skill listed below can be considered the most important in trading:

a) The ability to perform technical and fundamental analysis

b) The ability to perform profit analysis

c) The ability to control emotions

d) The ability to control the market

Question 02: It will be difficult for a trader to achieve success if:

a) They are not disciplined enough to stick to the strategy even during periods of drawdown

b) They do not profit from every trade

c) They allow emotions to influence the decision-making process

Question 03: When a trader is in the comfort zone, they:

a) Plan future purchases from trading profits

b) Are heavily influenced by emotions

c) Think clearly and are not influenced by emotions

d) Have no desire to continue trading

Question 04: Which of the following factors did Dr. Van Tharp name as the least important for success in trading?

a) Psychology

b) Trading strategy

c) Capital management

d) High IQ

Question 05: The fear of loss can make a trader:

a) Close a trade early

b) Let trades run their course

c) Take bigger risks

d) Start smoking

Question 06: What is typical for traders who are under the influence of greed?

a) They stick to the strategy and carefully calculate profit levels to get maximum revenue

b) They try to get more profit and do not close the position when needed by the strategy

c) They will constantly close trades prematurely, not allowing them to run their course

d) They will always increase the volume of the trade to earn more

Question 07: A trader who refuses to acknowledge their mistakes is influenced by:

a) Greed

b) Fear

c) Ego

d) Love

Question 08: What is revenge trading?

a) Trading during a drawdown

b) Attempt to earn more money than other traders

c) Chasing losses that the trader incurred

d) Getting back the money the trader previously lost in another trade

Question 09: A good way to gain confidence in your strategy and stay calm under pressure is to:

a) Think about your strategy while practicing yoga

b) Test the strategy on a demo account

c) Start trading real money right away

d) Sign up for pick-up courses

Question 10: A strategy where you win 100% of trades:

a) Is easy to achieve

b) Can be achieved with some training and effort

c) Comes with many years of experience

d) Is impossible

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