Trading mindset quiz · TradeBridge IB

1.A trader holds a losing trade far beyond their planned exit, hoping it will come back, but closes winning trades quickly. Which bias does this mainly show?

Recency biasOverconfidenceLoss aversionConfirmation bias

2.Which question best counters the sunk cost fallacy when you are in a losing trade?

If I had no position right now, would I open this trade at this price?How many pips have I already lost on this trade?Can I add to the position to improve my average price?What did I win on my last trade?

3.According to the course, when should rules in your trading plan be changed?

Immediately after any losing tradeWhenever a winning streak makes you feel more confidentNever, under any circumstancesAt a scheduled review, based on journal evidence, one rule at a time

4.You risked 100 USD on a trade and made 150 USD. What is the result in R?

Plus 1.0RPlus 1.5RPlus 0.67RPlus 150R

5.Over 20 trades you have 8 winners averaging plus 2R and 12 losers averaging minus 1R. What is your expectancy per trade?

Minus 0.2RPlus 0.2RPlus 0.4RPlus 1.0R

6.What should usually be the first question in a weekly journal review?

Which pair had the biggest price move this week?How can I double my position size next week?Which setup made the most money in a single trade?What share of my trades fully followed my plan?

7.A trade followed every rule in your plan, with correct size and stop, but it lost money. How should you grade it?

As a good process, because the decision followed the planAs a poor process, because it lost moneyAs a reason to abandon the strategyAs a signal to increase size on the next trade

8.Why does the course describe small, fixed risk per trade as a psychological tool?

Because it stops losing streaks from happeningBecause it removes the need for a stop-lossBecause it keeps normal losing streaks within a range you can tolerate calmlyBecause it increases your win rate