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Are you ready to trade options?
Eight questions. Five are about how the instrument actually behaves, and three are about whether you have a process. They are scored separately, because they are different problems and most people have exactly one of them.
Every wrong answer is explained as you go, so the quiz is worth taking even if you never open an account.
Educational only. Nothing here is investment advice, and no result is a recommendation to trade.
Question 1 of 8
Your result
What grading actually looks like
A trade that made money, and was wrong
This is a real position from the product. A put on Procter and Gamble, closed for a gain of $110. Most journals would record that as a win and move on.
- The thesis, written before entry
- The stock breaks down through support on weak guidance.
- What actually happened
- Support held. The stock drifted sideways and implied volatility fell away after the announcement.
- Why it still paid
- The position was long a put in a falling volatility environment, and the contraction was worth more than the direction was wrong.
- The grade
- Thesis wrong, outcome positive. Repeating this reasoning loses money roughly as often as it makes it.
That distinction is the whole product. A journal that only records the profit teaches you to repeat whatever happened to work. Over a hundred trades, that is the difference between a method and a streak.
$200,000 practice account. Real market data. No credit card, and no real money at risk.