Day Trading
 

  1. Question: What is "technical analysis"?

    A
    Stock analysis based on price movements and charting

    B
    Stock analysis based on company fundamentals such as financial statements

    C
    Stock analysis based on new reports during the day

    D
    Stock analysis based on volume sales

    Note: Answer not sure
    1. Report

  2. Question: When a range trader sees a breakout, what does he see?

    A
    A stock is new to the market.

    B
    A stock is now trading outside of its normal price band.

    C
    A stock has issued a press release.

    D
    A stock has had lower than the normal volume of trading.

    Note: Answer not sure
    1. Report

  3. Question: What is the "settlement date"?

    A
    The date on which a transaction is executed

    B
    The date on which an account holder's statement comes out

    C
    The date on which a company's dividend is declared

    D
    The day on which a transaction is finalized by the broker transferring ownership of the security

    Note: Answer not sure
    1. Report

  4. Question: Why is it important for a day trader to have a methodology to adhere to?

    A
    Because it is required to by law

    B
    Because it reduces their tax obligations

    C
    Because the brokerage will ask from time to time what their strategy is

    D
    In order to consistently pick stocks which fit their portfolio without getting distracted by other opportunities

    Note: Answer not sure
    1. Report

  5. Question: Which of the following is a method of leveraging the capital available?

    A
    Going into currency exchange even if you know nothing about it

    B
    Diversifying trading into multiple stocks

    C
    Stopping trading all together

    D
    Investing in the community

    Note: Answer not sure
    1. Report

  6. Question: Why is news trading a relatively simple strategy?

    A
    Because it is cheaper to trade

    B
    Because it can be done months in advance

    C
    Because it does not require as much analysis

    D
    Because brokerages will provide you with the news and tell you what to do

    Note: Answer not sure
    1. Report

  7. Question: On which of the following counts are the legal requirements on day traders criticized?

    A
    Traders will often enter transactions overnight in order to avoid the classification, exposing themselves to more risk and potential loss than if they were allowed to trade as they know best.

    B
    No one can afford a $25,000 margin account.

    C
    It makes day trading non accessible to inexperienced people.

    D
    The government should not meddle in the public's well being.

    Note: Answer not sure
    1. Report

  8. Question: What stipulation does the SEC place on a pattern day trader?

    A
    They must make at least ten transactions a week.

    B
    They must pay minimum commissions of $10 per transaction.

    C
    They must maintain at least $25,000 in a margin account.

    D
    They can only trade on the US exchanges.

    Note: Answer not sure
    1. Report

  9. Question: What type of order will a short seller subsequently place in order to limit their potential losses?

    A
    Purchase limit order

    B
    Option contract purchase

    C
    Stop loss order

    D
    Arbitrage trade

    Note: Answer not sure
    1. Report

  10. Question: Which of the following is closest in meaning to arbitrage trading?

    A
    Day trading

    B
    Short selling

    C
    Scalping

    D
    Profiting

    Note: Answer not sure
    1. Report
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