Best Top Penny Stocks - The FAMOUS Penny Stock Quiz

Do you have what it takes to be a SUCCESSFUL PENNY STOCK TRADER?
Prove it! Test your knowledge now and see where you rank among your competitors.
The FAMOUS Penny Stock Quiz gives you the answer to one simple question:
Are you good enough?

The FAMOUS Penny Stock Quiz takes only a few moments to complete and provides real insight into your trading abilities and instincts. Start with the "Warmup Question" and complete each question thereafter by selecting the correct answer below. Good Luck!

Warm Up Question:

1) In Eastern Standard Time (EST) what time does the Stock Market open and close on a normal, non-holiday trading day?

a. The stock market opens at 8:30AM and closes at 3:00PM b. The stock market opens at 9:00AM and closes at 3:30PM c. The stock market opens at 9:30AM and closes at 4:00PM d. The stock market opens at 10:00AM and closes at 4:30PM

2) According to the Securities and Exchange Commission (SEC) what is the definition of a Penny Stock?

a. A penny stock is a stock that trades for less than 10 dollars per share b. A penny stock is a stock that trades for less than 5 dollars per share c. A penny stock is a stock that trades for less than 1 dollar per share d. A penny stock is a stock that trades for 1 penny per share

3) You are prepared to enter a trade on a stock before the market opens. At the open the stock "gaps up" 30% from the previous day's close. The best course of action is:

a. Chase it and pay whatever you have to b. Scream at your computer and hope someone lets you buy it lower c. Wait to see if it comes back down and holds a price above the previous close d. Swallow your anxiety and live to fight another day

4) Penny Stocks are not only traded on the OTCBB (Over-The-Counter Bulletin Board) or Pink Sheets. What other markets are they traded on?

a. AMEX (NYSE Amex Equities) b. NYSE c. NASDAQ d. Penny stocks can be traded on any of the exchanges listed above and more

5) Day trading question: Before entering a trade you should ALWAYS consider:

a. A predetermined exit price to book profits if the stock goes up b. A predetermined exit price to cut losses if the stock goes down c. Both a predetermined exit price to book profits and a predetermined exit price to cut losses d. You do not think before entering a trade, you just hope for the best

6) When referring to stock quotes, what does Level 2 refer to?

a. The risk rating of any particular stock or bond b. A real-time trading service that provides access to the Bid and Ask of each individual market makers register to trade a stock c. The best Bid available at any given time d. An indicator that measures how quickly your hairline is receding

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