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00:00 - Intro
02:19 - A huge thank you to our listeners for leaving your 5-star reviews in iTunes, and please share this podcast with a like-minded friend: https://top-traders-unplugged.captivate.fm/listen
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08:17 - Weekly review of returns
13:08 - Question 1: One should favour long or short positions. Is that true or false?
14:56 - Question 2: One should know precisely when to liquidate if a profit occurs. True or false?
14:56 - Question 3: One should trade the same number of contracts in all markets. True or false?
16:08 - Question 4: If one has £100,000 to trade, one ought to risk £25,000 on every trade. True or false?
16:26 - Question 5: On initiation, one should know precisely where to liquidate if a loss occurs. True or false?
16:34 - Question 6: On initiation, one should know precisely where to liquidate if a loss occurs. True or false?
17:02 - Question 7: It helps to have the fundamentals in your favour before you initiate. True or false?
17:26 - Question 8: A gap up is a good place to initiate if an uptrend has started. True or false?
17:52 - Question 9: If you anticipate buy stops in the market, wait until they are finished, and buy a little higher than that. True or false?
19:29 - Question 10: Out of our 3 types of orders, market orders, stop orders, and resting, market orders cause the least skid. True or false?
20:34 - Question 11: The more bullish news you hear, and the more people going long, the less likely an uptrend is to continue after a substantial uptrend. True or false?
21:02 - Question 12: The majority of traders are always wrong. True or false?
21:29 - Question 13: Trading bigger is an overall handicap on one’s trading performance. True or false?
21:57 - Question 14: Larger traders can muscle markets to their advantage. True or false?
22:15 - Question 15: Vacations are important for traders to keep the proper perspective. True or false?
23:16 - Question 16: Under-trading is almost never a problem. True or false?
23:47 - Question 17: Ideally, average profits should be about 3 or 4 times average losers . True or false?
24:07 - Question 18: Traders should be willing to let winners turn into losses . True or false?
24:45 - Question 19: A very high percentage of trades should be profits. True or false?
25:02 - Question 20: A trader should like to take losses. True or false?
25:53 - Question 21: It is especially relevant when the market is higher than it’s been in 4 and 13 weeks. True or false?
26:19 - Question 22: Needing and wanting money are good motivators for good trading. True or false?
26:36 - Question 23: Ones natural inclinations are good guides to decision making in trading. True or false?
28:01 - Question 24: Luck is an ingredient for successful trading in the long run. True or false?
28:46 - Question 25: When you’re wrong, limit up is a good place to take a profit. True or false?
29:16 - Question 26: It takes money to make money. True or false?
30:21 - Question 27: It’s good to follow hunches in trading. True or false?
30:32 - Question 28: There are players in each market one should not trade against. True or false?
30:49 - Question 29: All speculators die broke. True or false?
31:51 - Question 30: The market can be understood better through social psychology rather than economics. True or false?
32:36 - Question 31: Taking a loss should be a difficult decision for traders. True or false?
32:55 - Question 32: After a big profit the next Trend Following trade is likely to be a loss. True or false?
33:32 - Question 33: Trends are not likely to persist. True or false?
34:55 - Question 34: Almost all information about a commodity is at least a little useful in helping to make decisions. True or false?
35:39 - Question 35: It’s better to be an expert in one market rather than try to trade 10 or more markets. True or false?
36:20 - Question 36: In a winning streak, total risk should rise dramatically. True or false?
36:57 - Question 37: Trading stocks is similar to trading commodities. True or false?
38:04 - Question 38: It’s important to know how much you are ahead or behind during a trading session. True or false?
38:33 - Question 39: A losing month is an indication of doing something wrong. True or false?
38:47 - Question 40: A losing week is an indication of doing something wrong. True or false?
38:55 - Question 41: The big money in trading is made when one can get long at the lows after a big downtrend. True or false?
39:10 - Question 42: It’s good to average down when buying. True or false?
39:28 - Question 43: After a long trend, the market requires more consolidation before a new trend starts. True or false?
40:43 - Question 44: It’s important to know what to do if trading commodities doesn’t succeed. True or false?
41:44 - Question 45: It’s not helpful to watch every quote in the market one trades. True or false?
42:32 - Question 46: It’s a good idea to put on or take a position all at once. True or false?
42:49 - Question 47: Diversification in commodities is always better than being in one or two markets. True or false?
43:07 - Question 48: If today’s profit or loss makes a significant difference to your net worth you’re over-trading. True or false?
43:40 - Question 49: A trader learns more from his losses than from his profits. True or false?
44:32 - Question 50: Except for commission and brokerage fees, execution costs for entering orders are minimal over the course of a year. True or false?
45:03 - Question 51: It’s easier to trade well than to trade poorly. True or false?
45:25 - Question 52: It’s important to know what success in trading will do for you later in life. True or false?
46:10 - Question 53: Uptrends end when everyone gets bearish. True or false?
46:25 - Question 54: The more bullish news you hear, the less likely a market is break out to the upside. True or false?
47:11 - Question 55: For an off-floor trader, a long-term trade ought to last 3 or 4 weeks or less. True or false?
47:40 - Question 56: Others opinions of the markets are good to follow. True or false?
47:49 - Question 57: Volume and open interest are as important as price action. True or false?
48:39 - Question 58: Daily strength and weakness is a good guide for liquidating long term positions with big profits. True or false?
49:28 - Question 59: Off-floor traders should spread different markets of different market groups. True or false?
49:48 - Question 60: The more people going long, the less likely an uptrend is to continue in the beginning of a trend. True or false?
50:11 - Question 61: Off-floor traders should not spread the same delivery month across different commodities. True or false?
50:20 - Question 62: Buying dips and selling rallies is a good strategy. True or false?
51:24 - Question 63: It’s important to take a profit most of the time. True or false?
52:04 - Niels: What one or two questions would you add to this test today?
55:53 - Jerry’s score results
55:57 - Benchmark performance update