Quiz on Lesson ” Entry Triggers “

What is the definition of an entry trigger in trading?

A. A set of conditions under which a trade idea is materialized into a position

B. A limit order to sell at a certain price

C. A type of resistance that is difficult to break through

Why is having a trading plan important in trading?

A. It helps traders to stumble into the market and make a quick profit

B. It allows for clear expectations, parameters, stop placement, and risk management

C. It is only important for experienced traders, not beginners

What is an example of an entry trigger?

A. Leaving a limit order to sell at resistance for a support-to-resistance flip

B. Using deviation setups for fresh areas of support and resistance with a lot of time and space between the break and retest

C. Placing a stop loss at a predetermined price level

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