1.5.5 Quiz – GhosTrades

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Question 1 of 5

1. Question
What does the concept of “trading naked” refer to in the context of the stock market?
- A controversial strategy that disregards the use of indicators and relies solely on intuition and gut feelings.
- An approach to trading that emphasizes a deep understanding of market dynamics, technical analysis, and well-informed decision-making.
- A strategy that involves trading without any clothing attire for increased focus and concentration.
- A concept where traders are able to see closing market prices on a daily basis, at the time the market opens, due to zero indicators, lines or clutter being on their charts.
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Question 2 of 5

2. Question
Why is risk management important for naked traders in the market?
- Proper risk management ensures the protection of capital by setting stop-loss orders and implementing position sizing techniques.
- Risk management is irrelevant for naked traders as they solely rely on price action analysis.
- Naked traders carefully manage all known risks as they have zero protection from the outside world.
- Naked traders are exempt from risk management since their strategy guarantees profitable trades.
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Question 3 of 5

3. Question
What is the first thing someone who wants to trade naked charts needs to do?
- Add 5 indicators below their charts and 3 moving averages over the candlesticks.
- Turn on some music.
- Clear all stop-loss and limit orders from any existing open trades in their account.
- Declutter their charts.
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Question 4 of 5

4. Question
What advantage does naked trading offer in terms of flexibility?
- Naked trading allows you to adapt to different market conditions effectively due to its reliance on price action.
- Flexibility is not relevant in naked trading as it solely focuses on technical indicators.
- Naked trading is limited to specific market conditions and timeframes, making it inflexible for traders.
- Flexibility is perfect for naked trading because you can analyze one market or asset and place a trade on another market or asset based on the previous assets analysis.
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Question 5 of 5

5. Question
What is essential for traders who want to engage in naked trading?
- One only needs to know the names of the candlesticks and the candlestick patterns as they dictate what the market does in the future.
- A solid foundation in technical analysis and the ability to accurately interpret price action and price patterns are crucial for successful naked trading.
- Naked trading can be mastered without any knowledge of market dynamics or technical analysis.
- Novice traders can easily grasp the complexities of naked trading without prior experience or technical analysis skills.
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