97. Which of the following is a characteristic o f the necessary mindset to succ

Question

97. Which of the following is a characteristic o f the necessary mindset to successful trading? a. Realize that losses will occur; try to keep them small and infrequent. b. Do not have an opinion of the market; profits are made from reacting to the market, not anticipating it. c. Be organized. d. All of the above. 98, AT&T; with the symbol “T” had been trading in a tight range, bouncing between support at 29 and resistance at 31 over the past two months. Today, the stock gapped up and closed at 32.50. This gap is most likely a a. Runaway gap. b. Measuring gap. c. Exhaustion gap. d. Breakaway gap.

Explanation / Answer

Question 97:-

Option d:

All of the above

The following are the charecteristics of the necessary minndset to successful trading:

1. Realise that losseswill occur, tryto keep them small and infrequent

2. Donot have an opinion of the market, profits are made from reacting to the market, not anticipating it.

3. Be organised

Question 98:-

Option a:

Run away gap

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