HOMEWORK ALERT – Complete your homework before starting Class 9

Welcome to your ACTIVE - Day Trading Quiz: Chapter 8

1. Where do you set your stop on a Parabolic Setup
2. If a stock is halted and reopens lower, what price would you consider an entry?
3. If you buy 1k shares at 6.50 and 1k shares at 7.00, then sell ½ your position at 7.25, then add back 1k shares at 7.75, and the current price is 7.75, what is your cost basis, your realized profit, and your unrealized profit?
4. If you see a 100k share seller on the ask at 6.00, and you are long 5k shares at 5.95, what do you do?
5. If you are buying a Momentum Bull Flag where is your entry?
6. Is it safe to blindly follow alerts from other traders via Twitter, Chat Rooms, Email Newsletters?

ACTIVE - Chapter 8 - Parabolic Movers: Homework #8

Completing your homework is for your own benefit.  Answers should be in Paragraph form.  If you want to succeed as a trader, you have to show motivation & discipline.

1. What are you going to do to prepare yourself for the next stock that moves 50-100%?  How will you trade it?  What setups will you utilize?  How will you find the stocks?