Basic Day Trading Quiz by Jai Catalano | Mar 13, 2016 | Millionaire Challenge | 0 comments Basic Day Trading Quiz Do you have what it takes to trade stocks? Test yourself with this Basic Day Trading Quiz to see if you know the basics. Click the next button to advance to the questions. Question #1: What kind of chart is this? A bearish chart. A bullish chart. A consolidating chart. A pie chart.Opps... Try again! Question #2: As a day trader how many times a day should you trade? At least once a day to maintain day trader status. 2 times. 1 time to buy and 1 time to sell. When my preferred setups present themeselves. All day. Question #3: If you are long a position in Facebook (FB) you? Bought stock in FB. Sold stock in FB. Bought a covered call in FB. None of the above. Question #4: If you are short selling a stock you want the price to? Go higher. Go lower. Consolidate. Go backwards. Question #5: Where is Wall Street? Chicago. New York City. London. Brazil. Question #6: The bid and the ask are? Buyers and sellers. Sellers and buyers. Market makers. None of the above. Question #7: If a stock has good earnings you should? Buy the stock immediately. Short the stock immediately. Box your position. Wait for the price action to dictate your decision. Question #8: A day trader is? A person who buys and sells stock within the same trading day. A person who holds a stock for a 24 hour period of time. An investor. All of the above. Question #9: Another word for an equity is? Bond. Stock. Commodities. Money Question #10: It is said that 90% of day traders? Get married. Lose sleep. Make money. Lose money. Question #11: Which behavior will eventually result in losses? Chasing unconfirmed news. Following someone else's trade. Averaging down. All of the above. Question #12: As a day trader what should you do if a stock goes against you? Cut your losses. Add to your lossing position. Hope and pray. Forget about it. Question #13: What followed the stock market crash of 1929? The great recession. The great expression. The great depression. The great suppression. Question #14: A stock that has a short rally right before crashing is called? Pony espress. Dog day afternoon. Seesaw show. Dead cat bounce. Question #15: Which popular public company went bankrupt? Blockbuster. Enron. Crumbs. All of the above. Question #16: How many stocks are chosen for the S&P 500 index? More than 500. Less than 500. 500. 500 plus the S&P Question #17: Stocks listed on the pink sheets are usually called? Large cap stocks. Mid cap stocks. Small cap stocks Penny stocks. Question #18: What animal is a weak economy attributed to? Bull. Bear. Wolf. Pig. Question #19: Which federal agency is responsible for regulating the stock markets? (FTC) Federal Trade Commission. (RMA) Risk Management Agency. (FCC) Federal Communication Commission. (SEC) Securities and Exchange Commision. Question #20: Who is the CEO of Facebook? Mark Zuckerberg Bill Gates Steve Jobs Jesse Eisenberg Congratulations on passing the basic day trading quiz. Don't forget 90% of traders lose money. Trade smart! YOU LOSE! If you can't pass this short selling stock quiz you will most likely join the 90% of traders who lose money. next Save Important Resources Read my frequently asked questions or if you need personal 1 on 1 guidance from me on how to fully prepare as well as protect yourself from the misrepresentation please click here. Every month I update this post here for my personal "Millionaire Challenge". I suggest you read the entire post and when you reach the bottom you can see my updated progress. I highly recommend the Simple Path to Wealth book to grow Your wealth simply and steadily. It will educate you beyond your financial imagination. This is my review of the book. If you are new to stock trading test your knowledge here with a basic stock market quiz. There are a lot of secrets in trading stocks and I reveal 20 of them in this popular post. If you are confused about short selling stocks then read this simple explanation that will clear it all up. This free stock research tool will give you all the necessary information on any stock you type into the search bar. Do your best to avoid day trading distractions. Especially the 10 I list here. Related Submit a Comment Cancel reply Your email address will not be published. Required fields are marked *Comment Name * Email * Website Notify me of follow-up comments by email. Notify me of new posts by email.