Free Access CMTAssociation.CMT-Level-II.v2022-08-18.q91 Practice Test (Page 12)

Question 51

Which of the following is a CORRECT guideline in pyramiding trades positions?

A.Add to losing positions, as a form of dollar cost averaging

B.Each successive layer should be larger than the prior layer

C.Take profits on winning positions

D.Adjust protective stops to the breakeven point

Question 52

Which of the following would NOT be true in designing a trading system utilizing bands?

A.Sell when price breaks below the lower band

B.Close out longs when prices reverse and go below the center of the band

C.Close out shorts when prices reverse and go below the center of the band

D.Buy when prices penetrate the upper band

Question 53

Allen Johnson, CMT, is working in the Singapore office of German Investment Corporation. From an informal conversation, Allen learns that the company's most recent annual report contains misappropriated information. No one at the Singapore office expresses concern, however, because there has been no breach of Singapore's law. Barrett should:

A.do nothing because the branch is outside of German jurisdiction.

B.disassociate himself from the case with a written report to his supervisor.

C.do nothing because the branch is outside of Singapore's jurisdiction.

D.seek advice from the company counsel to determine appropriate action.

Question 54

Which of the following methods is not used to portray the volume of trade?

A.Leaf and stem

B.Point-and-Figure

C.Bar/candle

D.Equivolume

Question 55

Which of the following are valid point and figure chart trading tactics?

A.Stop losses should be placed below the last column of Os in an uptrend

B.All of the ab

C.Long positions are closed when they fall below the trend line and short positions are closed when they rise above the trend line

D.Simple trade signals can be used for new commitments whereas complex signals are needed for liquidation purposes

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Question 51

Question 52

Question 53

Question 54

Question 55

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