Business Plan & Trade Journal Mastery Exam

Trading should be like a business because it puts systems in place to maintain consistency and
profitability.

No Right Answer: Which type of learning style are you?

What is the maximum risk you should take on an individual position trade?

Is it ok to day-trade high risk options in the same account as your retirement account?

No Right Answer: When are your predefined office hours?

Which support level is more likely to hold?

What is batting average per ticker?

What is yield per ticker?

What are Risk Reward Multiples?

If you are swing trading a $1,000 account what is your maximum risk per trade?

If you day trading a $25,000 account what is your maximum risk per trade?

If your Entry is $50.00 and your Stop Out Price is $45.00 what is your stop size?

If you are swing trading a $1,000 account, roughly how many shares should you trade if your
Stop Size is $0.20?

How do you eat an elephant and how should you trade?

If you already have over 10% in long term swing trades what should you probably introduce?