GRADING YOUR ANSWERS

If a question requires only one answer, you earn a point by answering it correctly. If a question requires several answers, rate your answer proportionately. If you answer both correctly, give yourself a point, but if only one, then half a point.
25-29: Excellent. You have a good grasp of selling short. The markets await you. Be sure to keep good records in order to learn from your experience.
21-24: Fairly good. Successful trading demands top performance. Look up the answers to the questions you’ve missed, review them, and retake the test in a few days before moving on to the next section.
Below 21:Alarm! Being below the top third in your answers is a sign of great danger in trading. Professional traders are waiting for you in the markets, ready to take your money. Before you do battle with them, you must bring yourself up to speed. Please study the third section of The New Sell and Sell Short and retake the test. If your grade remains low on the second pass, look up the books recommended in that section and study them. Avoid shorting until your performance on this test has improved.

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