Test “Path to Becoming a Good Trader”

Test: Path to Becoming a Good Trade

1 / 5

Indicate the non-existent stage in the path to becoming a trader:

a) Moment of excitement

b) Moment of awakening

c) Conscious incompetence

d) Unconscious competence

2 / 5

Which stage of learning will traders most likely go through first?

a) Unconscious incompetence

b) Unconscious competence

c) Complete incompetence

d) Moment of awakening

3 / 5

A negative answer to which of the following questions indicates that you are at the second stage (conscious incompetence)?

a) Are 100% of my trades unprofitable?

b) Did I adhere to the system?

c) Do I review past trades?

d) Do I take responsibility for my losing trades?

4 / 5

During the third stage (moment of awakening), what do traders usually start to realize?

a) Successful trading comes down to the trader's psychology and approach to the markets

b) Discipline is needed to stick to the system

c) It is necessary to cut losing trades in time and let profitable ones run

d) All options are correct

5 / 5

When you reach the fourth stage, "conscious competence," you are definitely not:

a) Coping better with losing trades

b) Making all trades profitable

c) Stop trying to get rich quickly

d) Making risk management a key element of trading

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