Quiz

Jul 14, 2019 at 10:40
3,110 Views
64 Replies
Member Since Aug 08, 2019   10 posts
Aug 08, 2019 at 11:53
Any more quiz questions?
Member Since Feb 22, 2011   4862 posts
Aug 09, 2019 at 06:58
Question #4
There are not 2 (bulls, bears) types of traders but 3.
What is 3rd type and how is it characterised?
Member Since Apr 18, 2017   920 posts
Aug 26, 2019 at 15:44
togr posted:
Question #4
There are not 2 (bulls, bears) types of traders but 3.
What is 3rd type and how is it characterised?

Losers! Because as I know; a number of traders are the losers!
Member Since Jul 24, 2019   23 posts
Aug 27, 2019 at 10:30
togr posted:
Question #4
There are not 2 (bulls, bears) types of traders but 3.
What is 3rd type and how is it characterised?

out of market or lockers.
Member Since Feb 22, 2011   4862 posts
Aug 27, 2019 at 11:09
Question #4: answer 'Bulls make money, bears make money and pigs get slaughtered.'
Pig
A pig is any investor who puts greed ahead of his or her investment principles or sound strategies. Anyone who watches investment guru Jim Cramer knows one of his most famous expressions: 'Bulls make money, bears make money and pigs get slaughtered.' A pig tends to think that a 100% return over a 12-month period is not good enough. As a result, the pig may then go and borrow money on margin or mortgage his or her home to buy more of a stock at a higher price with the hope of making more money on the investment. The pig can get slaughtered if the stock drops and all the original gains are lost.
Member Since Aug 27, 2019   10 posts
Aug 27, 2019 at 12:29
Borrowing money in order to trade is totally nuts. I pity the fool that does that. That will never turn our well.
Member Since Aug 27, 2017   994 posts
Aug 27, 2019 at 13:53
togr posted:
Question #4: answer 'Bulls make money, bears make money and pigs get slaughtered.'
Pig
A pig is any investor who puts greed ahead of his or her investment principles or sound strategies. Anyone who watches investment guru Jim Cramer knows one of his most famous expressions: 'Bulls make money, bears make money and pigs get slaughtered.' A pig tends to think that a 100% return over a 12-month period is not good enough. As a result, the pig may then go and borrow money on margin or mortgage his or her home to buy more of a stock at a higher price with the hope of making more money on the investment. The pig can get slaughtered if the stock drops and all the original gains are lost.

Nice observation buddy! Hope you’ll continue with this type of exclusive questions!
keeping patience.......
Member Since Feb 22, 2011   4862 posts
Aug 28, 2019 at 10:28
Question #5: You have opened position, lets say 0.01 lot long eurusd. It is currently in the loss of 100.0 pips.
What are all options you can do to close trade(s) at profit?
Member Since Apr 18, 2017   920 posts
Aug 28, 2019 at 17:53
togr posted:
Question #5: You have opened position, lets say 0.01 lot long eurusd. It is currently in the loss of 100.0 pips.
What are all options you can do to close trade(s) at profit?

Using no SL & waiting for the reverse of the market! Correct or anything else?
Member Since Feb 22, 2011   4862 posts
Sep 18, 2019 at 07:25
AniLorak posted:
togr posted:
Question #5: You have opened position, lets say 0.01 lot long eurusd. It is currently in the loss of 100.0 pips.
What are all options you can do to close trade(s) at profit?

Using no SL & waiting for the reverse of the market! Correct or anything else?

That is one option.
Another is adding more trades of the same direction so more long trades. That is what is called averaging as you get better price closes to market.
Adding more trades with higher amount is martingale.
And another option is to take opposite direction trade which is called hedging and closing each position once market reach its price.
Last option another trade, opposite direction, higher amount.

So there is always a solution, even accepting the loss is an solution. You should decide based on your trading plan
Member Since Feb 22, 2011   4862 posts
Sep 18, 2019 at 07:25
Wanna more questions
Member Since Feb 22, 2011   4862 posts
Sep 18, 2019 at 07:25
?
Member Since Feb 22, 2011   4862 posts
Sep 24, 2019 at 07:39
togr posted:
Wanna more questions
Nobody replied so I am closing the quiz
Member Since Sep 24, 2019   10 posts
Sep 24, 2019 at 11:04
Keep it going. I like the quiz
Member Since Apr 18, 2017   718 posts
Sep 25, 2019 at 12:56
togr posted:
togr posted:
Wanna more questions
Nobody replied so I am closing the quiz

Please; don’t close! We all are interested buddy! Please; add more interesting question!
Member Since Feb 22, 2011   4862 posts
Sep 26, 2019 at 11:22
Question #6:
If your backtesting results are like the one attached,
can you expect to see the same trading it on real account?

Attachments:

Member Since Sep 27, 2019   10 posts
Sep 27, 2019 at 11:18
I would expect very similar results. Sure there will be slippage and maybe higher spread costs on a real account but basically you should get a good positive return
Member Since Feb 22, 2011   4862 posts
Sep 27, 2019 at 12:09
pleasingoink posted:
I would expect very similar results. Sure there will be slippage and maybe higher spread costs on a real account but basically you should get a good positive return

What is the important criteria for a backtest to trust it?
Member Since Aug 27, 2017   994 posts
Sep 28, 2019 at 10:53
togr posted:
Question #6:
If your backtesting results are like the one attached,
can you expect to see the same trading it on real account?

Not at all; the real trading result will be different for sure! Because of emotion’s issue!
keeping patience.......
Member Since Feb 22, 2011   4862 posts
Oct 09, 2019 at 10:36
Adribaasmet posted:
togr posted:
Question #6:
If your backtesting results are like the one attached,
can you expect to see the same trading it on real account?

Not at all; the real trading result will be different for sure! Because of emotion’s issue!

Backtests is from EA trading. There are no emotions...
Sign In / Sign Up to comment
You must be connected to Myfxbook in order to leave a comment
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.