Thread: Some interesting questions...

Would really like to see some responses to these questions so if you have a few minutes....


1. You buy 100 shares of Microsoft for $26.50, and a week later one of the company's most powerful Executives is fired for cooking the books. The stock price nose-dives to $23.00. What do you do? Explain in detail.

2. You buy 100 shares of Intel for $29.00. Three days later it drops down to $27.50. What do you do? Explain in detail.

3. What luck! A friend has sold you a plane ticket to New York City for only a hundred bucks! But now you are stuck in traffic on the way to the airport, and to make it to your plane in time will involve some pretty reckless driving, and even then you're not sure you will make it. What do you do? Explain in detail.

4. You buy a CD, take it home and just as you pull it out of the case, you drop it and it gets scratched and won't play. What do you do? Explain in detail.

5. You have been put in charge of purchasing computers for your company's shipping department. You find out that you can get the computers from a guy for much less than through your regular vendor. Without authorization, you buy the computers. When they arrive, they are defective, and the guy who sold them to you has skipped town. What do you do? Explain in detail.

6. You purchased a house 5 years ago for $150,000. Today the house is worth around $250,000. Your neighbor puts his up for sale and it is sold in 3 days to the Hell's Angels who will make a club house out of it. What are you going to do? Explain in detail.

7. You purchase a stock at $19.00 on a tip. You promise yourself that you will sell when the price gets to $20. Before you can call your broker, the stock climbs to $20.10. What do you do? Explain in detail.

8. You purchase a stock at $22.00. You put a self-imposed stop loss on it at $20.00. Before you can call your broker, the stock crashes to $19.00, but slowly climbs back up and sits at $20.10. What do you do? Explain in detail.

The easiest way to answer those questions is to: Just post them on a web forum and get someone else to answer, then tell the teacher you did it yourself.

I think it from a Trade site, and I think some employers have actually used that same test during new hire. There is no right or wrong answer.

can anyone tell me answer for this

Yeah found it interesting. it isn't for school and i realize everyones going to come up with different answers. I just thought it would be interesting to see answers from people that don't trade vs people that do (or at least try to). I got the questions from elitetrader.com. do not understand what you are trying to get at?

I don't always get what I really meant typed onto the screen and I apologize.. More of what I meant was that these same question pop up a lot, they appear as school questions, job interview questions, etc.. doing a search will give you many different threads about the different answers to the same questions... I do agree they are very interesting.

Originally Posted by coy glasscock

I don't always get what I really meant typed onto the screen and I apologize.. More of what I meant was that these same question pop up a lot, they appear as school questions, job interview questions, etc.. doing a search will give you many different threads about the different answers to the same questions... I do agree they are very interesting.

From what I have heard they are from a prop firm in Vancouver that has already closed down. Swift Trading. Most of the time you see these questions posted on trading websites and I've read a lot of interesting answers to them. I just wanted to see what people without a "trader's mindset" would do. Anyways its just for shits and giggles anyways no big deal.

Originally Posted by g5ricky

I just wanted to see what people without a "trader's mindset" would do. Anyways its just for shits and giggles anyways no big deal.

That should have been in your original post. So people can gauge where you are coming from and would be more willing to answer just a thought

I would be interested in hearing peoples responses as well, i am going to try and answer these soon