Study Guide for Come Into My Trading Room - Forex Factory

136 ANSWERS AND RATING SCALES
your selling grade above 50%. This is much harder to accomplish than
it looks.
Answer 91
C. 1, 2, and 3. Give yourself four points for choosing the right answer
(two points if you chose B).
Rapidly changing prices affect people like the noise and flashing of
slot machines, tempting them to put in another quarter. Making decisions
to buy, sell, or stand aside when the markets are closed offers
traders the luxury of time. Comparing your stock or future to others adds
an extra dimension to your decision-making process. It is a bad idea to
ask for advice on specific trades before taking them—those trades are
yours and the decision is yours alone.
Answer 92
1. A
2. B
3. C
4. E
5. D
Give yourself a point for each correct answer.
Having to describe a chart forces you to focus on specific signals that
led to a trading decision. Live charts often seduce traders into joining
emotional crowds; reading your orders from a printed sheet reinforces
discipline. If you planned to buy a stock if it trades flat, but it gaps up
the next morning and you have not planned for it, there is no reason to
trade. When a stock does something you have not anticipated, that is a
clear signal that your decision making was not in gear with the market,
and putting on a trade is not a good idea.