The following short quiz consists of 4 question and will tell you whether you are qualified to be a professional trader.
Scroll down for each answer. The questions are NOT that difficult.
1. How do you put a bond trader into a refrigerator?
The correct answer is: Open the refrigerator, put in
the bond trader and close the door.
This question tests whether you tend to do simple
things in an overly complicated way.
2. How do you put a stock trader into the refrigerator?
Open the refrigerator, put in the stock trader and close
the refrigerator…… Wrong Answer.
Correct Answer: Open the refrigerator, take out the
bond trader, put in the stock trader and close the door.
This tests your ability to think through the repercussions of your previous actions.
3. Legendary trader Warren Buffet is hosting a professional trader conference. All the pros attend except one. Which one does not attend?
Correct Answer: The stock trader. The stock trader is in the refrigerator. This tests your memory.
OK, even if you did not answer the first three questions correctly, you still have one more chance to show your true abilities.
4. You must sell 500 contracts in a thinly traded market. But thin markets are known for their horrible slippage. How do you manage it?
Correct Answer: You walk onto the exchange floor and sell to the public. All the other traders are attending the Warren Buffet meeting. This tests whether you learn quickly from your mistakes.
According to Anderson Consulting Worldwide, around 90% of the professional traders they tested got all questions wrong. But many preschoolers got several correct answers. Anderson Consulting says this conclusively disproves the theory that most professional traders have the brains of a four year old !
Well I thought after the previous few genuine tests we needed a little light relief !