Quiz

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Question #4
There are not 2 (bulls, bears) types of traders but 3.
What is 3rd type and how is it characterised?

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!

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.

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.

Borrowing money in order to trade is totally nuts. I pity the fool that does that. That will never turn our well.

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!

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?

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?

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

Wanna more questions

?

togr posted:
Wanna more questions

Nobody replied so I am closing the quiz

Keep it going. I like the quiz

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!

Question #6:
If your backtesting results are like the one attached,
can you expect to see the same trading it on real account?

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

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?

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!