Being Cognizant Part 1

Question 1 of 4

1. Question

The problem with “mentally monetizing” profits is….

You will likely be tempted to violate your trading plan.
There is nothing wrong with mentally monitizing profits: If you're happy with your profits, then TAKE EM!
None of the above.

Question 2 of 4

2. Question

True or false: Dave NEVER uses a limit order.

True
False

Question 3 of 4

3. Question

The problem with watching a screen after you have made a trading decision based on following your plan (e.g. a limit order to take partial profits) is:

a) You must be "detached" when following your plan. Watching the screen too much will more-than-likely put you into a state of regret–even when you are following the plan.
b) There IS no problem watching a screen. In fact, you MUST watch a screen!!!
Neither (a) or (b) is correct.

Question 4 of 4

4. Question

One way to be cognizant of your emotions would be to:

a) Notice (maybe even count) the number of expletives you use on adverse market moves-even, and especially, normal "noise" of the market.
b) Keep an emotional journal.
c) Just be a man and supress your emotions!
Both (a) and (b).

Being Cognizant Part 1

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