I created this for all challenge students. Enjoy! 

 

Millionaire Challenge Quiz

 

 

 

1)     What is Tim’s favorite pattern on a Friday morning?

 

a.      Friday Morning Spike

 

b.      Friday Morning Short

 

c.      Friday Morning Short Squeeze

 

d.      Friday Morning Swing

 

2)     What is Tims number one rule?

 

a.      Hold and Hope

 

b.      Cut losses quickly

 

c.      Be patient

 

d.      Be aggressive with good setups.

 

3)     According to Mark Croock; what is the number 1 catalyst?

 

a.      Big percent gainers

 

b.      Sector momentum

 

c.      Buy the rumor sell the news

 

d.      Chat pumps

 

4)     According to Tim when are the best times of day to trade?

 

a.      Market open (9:30-10:30)

 

b.      Mid day (lunch time)

 

c.      Pre Market

 

d.      Last hours (3:00-4:00)

 

e.      A & D

 

5)     When is “Power Hour”?

 

a.      9:00-10:00 A.M

 

b.      11:00 A.M-12:00 P.M

 

c.      3:00-4:00 P.M

 

d.      2:00-3:00 P.M.

 

6)     When does Tim like to perform his “Morning Dip Buy Pattern”

 

a.      At the market open

 

b.      Mid day

 

c.      Last hour of trading day

 

d.      Pre market

 

7)     What are some examples of Shipping Stocks?

 

a.      DCIX, TOPS, ESEA

 

b.      TLRY, ALEAF, CVSI

 

c.      ONTX, AMMA, AXON

 

d.      MGTI, BTCS, BTSC

 

8)     What are the seven indicators that Tim looks at on EVERY trade?

 

a.      Pattern/Price; Volume; Ease of Entry/Exit; Past Performance; At what time of day is it; Reason/Catalyst; Market Environment.

 

b.      Pattern/Price; Risk/Reward; Ease of Entry/Exit; Past Performance; At what time of day is it; Reason/Catalyst; Sector Momentum.

 

c.      Pattern/Price; Risk/Reward; Ease of Entry/Exit; Past Performance; At what time of day is it; Reason/Catalyst; Market Environment.

 

d.      Pattern/Price; Risk/Reward; Big Percent Gainer; Past Performance; At what time of day is it; Reason/Catalyst; Market Environment.

 

9)     What is the SSS?

 

a.      Sykes Shitty Stuff

 

b.      Sykes Sliding Scale

 

c.      Sykes Stock Scanner

 

d.      Sykes Stock Screener

 

10)  What are some of the tickers for the overall markets?

 

a.      TLRY, QQQ, JBU

 

b.      QQQ, JAGX, KODK

 

c.      QQQ, DIA, SPY

 

d.      QQQ, DRYS, IGC

 

11)  When building a watchlist what are the first and second steps you should take?

 

a.      Look at biggest percent losers; then find shares to short

 

b.      Look at biggest percent winners; then look to go long on the biggest winner

 

c.      Look at biggest percent winners; then add them all on your watchlist

 

d.      Look at biggest percent winners; then see what news caused the run up.

 

12)  “Sometimes the best trade is”

 

a.      “No Trade at All”

 

b.      “Biggest Percent Winner”

 

c.      “Most Violate Play”

 

d.      “Breaking News Play”

 

13)  What does VWAP stand for?

 

a.      Volume Weighted Average Price

 

b.      Volume Weighted Average Pattern

 

c.      Volume Weighted Action Price

 

d.      Volume Weighted Answer Pattern

 

14)  What is an 8K?

 

a.      SEC filing reporting an important event, news, change, etc

 

b.      VWAP number

 

c.      Trend Indicator

 

d.      SEC filing reporting the quarterly report.

 

15)  What are other examples of SEC filings?

 

a.      LGK, 3K5, 6KL

 

b.      10Q, 10K, 4, 10K/A

 

c.      JJJ, KKK, LLL

 

d.      SPY, DIA, QQQ

 

16)  What timeframe charts should you look at?

 

a.      One day

 

b.