97. Which of the following is a characteristic of the necessary mindset to succe
ID: 2806478 • Letter: 9
Question
97. Which of the following is a characteristic of 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
97.
A successful tradubg depends on right mindset of the individuals. first mindset is, he should realize that losses will certainly occur so they should try to make its small and less frequent. they do not have opinion of the market;from or losses are made from reacting the market but they should never acticipate always profit. they should be well organized in term f trading and research..
So, all of the above option are correct.
98.
GAp is defined as an empty space in chart becaus eof strong increase or decrease the price of stock from previous day closing price. the stock was trading in range of $29 to 31 in last 2 month but today it is closed at $32.50. today the stock gapped up and closed at $32.50. this Gap is most likely a runway Gap.
Option (A) is correct answer.
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