AI tools for traders quiz

1. Which job is an AI assistant good at?

1. Summarizing a long article
2. Knowing tomorrow's closing price
3. Promising a profit
4. Seeing live prices it was never given

2. How does a large language model write its answers?

1. By reading tomorrow's news
2. By predicting likely next words
3. By copying a secret price feed
4. By asking the exchange

3. An AI says a price 'will surely hit 2,700 by Friday'. What is that?

1. A checked fact
2. A rule of the exchange
3. A guess dressed up as certainty
4. A stop-loss

4. Which picture fits an AI assistant best?

1. A crystal ball
2. A locked safe
3. A weather satellite
4. A fast, well-read helper whose homework you check

5. Why might an AI assistant not know about last week's news?

1. Its knowledge can stop at a training cutoff date
2. News is secret
3. AIs cannot read
4. Markets close on Fridays

6. Which request gives an answer you can check?

1. Will this coin go up tomorrow?
2. List the support levels on this chart with their prices
3. Which stock will double this year?
4. Tell me a sure trade

7. Close is 2,500 and support is 2,450. The AI says price is 4% above support. What is the true gap?

1. 4%
2. 5%
3. 2%
4. 50%

8. Why can an AI sound sure while being wrong?

1. It predicts likely-sounding text, and likely-sounding is not always true
2. It lies on purpose
3. It has too much live data
4. It always checks facts before answering

9. The assistant describes support correctly and also forecasts a rally. What should shape your trade?

1. The forecast, because it sounds confident
2. Nothing, skip every chart that has an AI note
3. Whatever most people online say
4. Your own plan, using only the parts you checked on the chart

10. What does the US futures regulator (CFTC) say about AI and markets?

1. AI can predict every market move
2. AI technology can't predict the future or sudden market changes
3. AI bots always make money
4. AI makes stop-losses unnecessary

11. What is a prompt?

1. A type of candle
2. The message you give an AI assistant
3. A stop-loss order
4. A chart timeframe

12. Which prompt is clearer?

1. Is this good?
2. Thoughts?
3. Daily chart: list support and resistance with prices, as a table
4. Buy or not?

13. Which of these is a limit you might add to a prompt?

1. Do not predict price
2. Use a table
3. Daily chart
4. List the key levels

14. What are the four parts of the prompt recipe?

1. Open, high, low, close
2. Trend, level, stop, size
3. Buy, sell, hold, wait
4. Context, task, limits, format

15. Why ask the AI to say when it is unsure?

1. It makes the AI faster
2. It makes weak claims easier to spot and check
3. It guarantees a correct answer
4. It hides the AI's mistakes

16. Prompt: 'List the levels on this chart.' Which part is missing?

1. Context, such as the market and timeframe
2. A task
3. The word please
4. An emoji

17. Support is 1,180, resistance is 1,260 and price closed at 1,220. Where is price in the range?

1. At the top
2. Below support
3. Halfway between them
4. Above resistance

18. Why do short follow-up questions often beat one giant prompt?

1. AIs cannot read long prompts
2. Follow-ups are free and prompts cost money
3. Long prompts break exchange rules
4. Each answer is smaller and easier to check before you build on it

19. The answer lists a level at 1,208, but the chart shows 1,280. What should you do?

1. Use the chart's number and note that the AI misread it
2. Trust the AI's number
3. Average the two numbers
4. Ask the AI to guess again and pick the answer you like

20. Which prompt is best for a checkable answer?

1. What will this chart do next week?
2. Is gold a good buy?
3. Give me your best trade today
4. Hourly gold chart, last 5 days: list swing highs and lows with prices, no forecasts, say if unsure, as a table

21. What can many AI assistants do with a chart image?

1. Show tomorrow's candle
2. Describe the trend and levels they see
3. Change the real price
4. Guarantee the pattern works

22. What mistake do AIs often make with chart pictures?

1. They misread small axis numbers
2. They refuse to look
3. They always get every price exactly right
4. They draw new candles

23. Which screenshot is easiest for an AI to read correctly?

1. A blurry photo of a screen
2. A tiny cropped corner
3. A chart with the price axis cut off
4. A sharp, full-size chart with the price axis showing

24. The AI says support is 1,480, but the lows are near 1,408. Which number do you use?

1. 1,480
2. The average of the two
3. 1,408, the number on the chart
4. Neither, skip charts forever

25. Why is a misread level dangerous for your stop?

1. Stops never matter
2. The stop can end up in the wrong place, such as above the real support
3. It makes the chart load slowly
4. It changes the candle colours

26. The AI calls a pattern a double bottom. What do you check?

1. Two lows near the same price with a peak between them
2. The colour of the candles
3. The time of day you asked
4. Whether the AI sounded confident

27. The lows are 1,408, 1,411 and 1,405. Roughly where is the support zone?

1. Around 1,480
2. Around 1,300
3. There is no support
4. Around 1,405 to 1,411

28. The AI says 'touched 3 times' but you count only 2 clear touches. What is the best next step?

1. Trust the AI because it counted faster
2. Ask a different AI and pick the answer you like
3. Use your own count and note the miscount in your log
4. Delete the chart

29. With the AI's level of 1,480 your stop would be 1,470; with the true level of 1,408 it would be 1,398. How far off is the wrong stop?

1. 10 points
2. 72 points
3. 88 points
4. 7 points

30. Why keep a log of the AI's misreads?

1. To learn which kinds of claims need the closest checking
2. To make the AI apologize
3. To share on social media
4. Because the exchange requires it

31. What is an AI hallucination?

1. A chart pattern
2. A very fast answer
3. A false statement said as if it were true
4. A type of stop-loss

32. Does a confident tone prove an answer is right?

1. Yes, always
2. No, confident and correct are different things
3. Only on Mondays
4. Only if it has numbers

33. Which is a warning sign of a hallucination?

1. A very precise number with no source
2. The AI shows where the number came from
3. The AI says it is unsure
4. The answer matches the filing

34. You ask the same question twice and get two different numbers. What does that tell you?

1. Both are surely right
2. Markets changed in one second
3. The AI is broken forever
4. At least one answer is wrong, so check the source

35. An AI quotes a report and gives a link. What should you do first?

1. Trust it because it has a link
2. Open the link and check the report exists and says that
3. Share it with friends
4. Ask the AI whether it is sure

36. Why might an AI invent news about last week?

1. It reads the future
2. News is always fake
3. Its training may stop before last week, but it still writes likely-sounding text
4. It wants you to lose

37. The filing says 400 million and the AI said 412 million. How far off is the AI, in percent?

1. 3%
2. 12%
3. 1.2%
4. 30%

38. Why do hallucinations happen?

1. Someone hacks the AI every time
2. The chart is too colourful
3. Exchanges send wrong data on purpose
4. The model predicts likely text instead of looking up checked facts

39. Which answer should make you most suspicious?

1. 'I am not sure; please check the company's filing.'
2. 'Support looks near 1,408 on your chart.'
3. 'Revenue was exactly 7,341.28 million, up 18.37%', with no source
4. 'Here is the filing; the number is on page 3.'

40. What does US government guidance call confident but false AI output?

1. Confabulation
2. Compounding
3. Correlation
4. Consolidation

41. What are the four checks in this lesson?

1. Buy, sell, hold, wait
2. Chart, data, date and source
3. Open, high, low, close
4. Speed, colour, size, sound

42. Is 'the AI said so' a source?

1. Yes, AIs are always right
2. Yes, if it sounds sure
3. Only for prices
4. No, you need the original data or document

43. A claim cannot be verified. What should it do to your plan?

1. Nothing, it should not change your plan
2. Change it completely
3. Double your size
4. Move your stop

44. Where do you check an AI's support level?

1. In a text message
2. In another AI
3. On the chart itself
4. On a social media post

45. What is a primary source?

1. A blog summarizing a filing
2. An AI's summary
3. A friend's opinion
4. The original document or data, such as a company filing

46. The AI says news happened 'this week', but it is three weeks old. Which check catches it?

1. The chart check
2. The size check
3. The date check
4. The colour check

47. Where can anyone search US company filings for free?

1. A price alert
2. The SEC's EDGAR system
3. A trading bot
4. A chat window

48. Why check the claims you agree with too?

1. Errors you agree with are the ones you are least likely to notice
2. Because checking is fun
3. Claims you agree with are always wrong
4. Because the AI asks you to

49. The AI's weekly high is 2,460 but the chart shows 2,420. How far off is it?

1. 20
2. 40
3. 2,420
4. 4,880

50. Your log shows the AI is right on levels but often wrong on dates. What should you do?

1. Stop checking levels
2. Trust dates more
3. Check dates first and hardest, and still spot-check levels
4. Stop using charts

51. Who should decide the rules in your trading plan?

1. The AI
2. A stranger online
3. You, from your own testing
4. Whoever sounds most confident

52. Which of these belongs in a trading plan?

1. Where your stop goes
2. Your favourite colour
3. The weather
4. Your phone model

53. What can an AI do well for your plan?

1. Promise profits
2. Turn your notes into a clean template and list the gaps
3. Pick the market's next move
4. Trade for you while you sleep

54. What is a no-trade rule?

1. A rule to trade every day
2. A rule for bigger size
3. A rule to move stops
4. A rule for when you stay out, such as before big news

55. Which rule is testable?

1. Enter on strength
2. Buy when it feels right
3. Enter on a daily close above the range high
4. Sell when it looks weak

56. With 20,000 dollars and 1% risk, how much can you lose on one trade?

1. 2,000 dollars
2. 20 dollars
3. 1 dollar
4. 200 dollars

57. Entry 50, stop 48 and risk 200 dollars. What size?

1. 50 shares
2. 100 shares
3. 400 shares
4. 10 shares

58. Why is 'enter on strength' a problem?

1. Two people could read it differently, so it cannot be tested
2. It is too short to type
3. It breaks exchange rules
4. It uses a stop

59. The AI suggests a brand-new strategy with a 'high win rate'. What is the right move?

1. Use it tomorrow at full size
2. Treat it as an untested idea and test it on past charts first
3. Trust it because AIs read a lot
4. Ask it to double the win rate

60. Entry 50 and stop 48. Where is a 2R target?

1. 54
2. 52
3. 56
4. 100

61. What is a trading journal?

1. A list of stocks to buy
2. A record of every trade you take
3. A news website
4. A type of chart

62. What should you remove before pasting a journal into an AI?

1. Your results in R
2. The setup names
3. Account numbers and personal details
4. Your emotion tags

63. If you only journal your wins, what can the AI find?

1. Only a rosy, incomplete picture
2. Every habit
3. Your biggest leaks
4. Tomorrow's price

64. What does a result of +2R mean?

1. You lost twice
2. You traded two times
3. You used 2% of your account
4. You made twice what you risked

65. News-day trades were -1R, -1R, -1R and +2R. What is the total?

1. +1R
2. -1R
3. -3R
4. +2R

66. The AI says 'you lose after two wins in a row.' What do you do?

1. Believe it
2. Delete the journal
3. Count those trades in your journal to check
4. Trade bigger after wins

67. Why add an emotion tag to each trade?

1. It makes the chart prettier
2. Exchanges require it
3. It raises the win rate by itself
4. It shows whether feelings like fear or excitement line up with losses

68. Six trades: +2, -1, +2, -1, +2, -1 (in R). What is the average per trade?

1. +0.5R
2. +3R
3. +1R
4. -0.5R

69. The AI finds a pattern in just 4 trades. How should you treat it?

1. As proof
2. As a rule for every market
3. As a reason to quit trading
4. As a hint to watch over more trades

70. Why keep your raw journal as the source of truth?

1. Raw journals are shorter
2. AI summaries can drop or change details, so the raw record lets you check
3. AIs cannot read raw journals
4. It is required by law

71. What does an AI news summary do?

1. Predicts the next candle
2. Places a trade
3. Turns a long article into a few short lines
4. Checks your stop

72. What should you always check in a news summary?

1. The date and the original source
2. The font
3. How long the summary is
4. Whether the AI used emojis

73. Revenue rose from 1,000 million to 1,200 million. What is the growth?

1. 2%
2. 12%
3. 200%
4. 20%

74. What is company guidance?

1. A rule of the exchange
2. The company's own forecast for the coming months
3. A price alert
4. A tax form

75. Why can good results still be followed by a falling price?

1. Summaries are always wrong
2. Prices never react to news
3. The market compares news with what it expected
4. Profit does not matter

76. Guidance was cut from 5,000 million to 4,600 million. By what percent?

1. 8%
2. 4%
3. 10%
4. 46%

77. The summary calls a three-week-old event 'today'. Which check catches this?

1. The size check
2. The date check
3. The stop check
4. The candle check

78. Why paste the full original text into the AI instead of just asking what happened?

1. The AI may not know recent events, so giving it the text keeps it working from the real source
2. Pasting is faster to type
3. AIs refuse questions
4. It makes the summary longer

79. Which request makes a summary easiest to check?

1. 'Summarize this'
2. 'Is this good news?'
3. 'Make it exciting'
4. 'Summarize in 3 points and quote the exact line behind each point'

80. The summary says 'profit strong' but skips a guidance cut. How could that mislead a trader?

1. It could not mislead anyone
2. It changes the chart colours
3. It could make the news look better than the market sees it
4. It lowers trading costs

81. What is confirmation bias?

1. Noticing facts that agree with you and missing the rest
2. A type of candle
3. A stop-loss rule
4. A news source

82. Which prompt is neutral?

1. Why will this stock go up?
2. Tell me this is a great trade
3. List the case for and against this trade
4. Why am I right?

83. Why is 'what would prove me wrong' a useful question to ask?

1. It makes the AI agree
2. It finds the weak spots you might not want to see
3. It guarantees a win
4. It changes the price

84. What does a devil's advocate do?

1. Places trades for you
2. Charges a fee
3. Draws chart patterns
4. Argues the other side on purpose to test an idea

85. Research found AI assistants often do what with a user's view?

1. Always argue against it
2. Tilt toward agreeing with it
3. Ignore it completely
4. Report it to the exchange

86. Price is 980 and resistance is 1,000. How much room is there before resistance?

1. 2 points
2. 200 points
3. 20 points
4. 1,980 points

87. Which is a leading prompt?

1. What are the risks here?
2. List both sides with three points each
3. What would make this idea wrong?
4. Why is this breakout going to work?

88. Your stop risks 100 points and resistance is 20 points away. How far is resistance in R?

1. 0.2R
2. 2R
3. 5R
4. 20R

89. You read a strong opposing point that no fact on the chart can answer. What fits a good process?

1. Enter bigger to prove it wrong
2. Skip or shrink the trade, as your plan says
3. Ignore it
4. Keep asking until the AI agrees

90. Why keep your own opinion out of the prompt when asking for both sides?

1. It reduces the AI's pull to echo what you want to hear
2. It saves typing
3. AIs cannot read opinions
4. It is required by law

91. What is a price alert?

1. An order that trades by itself
2. An alarm when price reaches a level you chose
3. A news article
4. A type of candle

92. Your alert rings. What do you do first?

1. Trade immediately
2. Set ten more alerts
3. Open your plan and run the checklist
4. Turn off your phone

93. Which alert waits for the candle to finish beyond a level?

1. A candle-close alert
2. A news reminder
3. A price-cross alert
4. A volume alert

94. How do alerts help against chasing?

1. They make prices move faster
2. They promise wins
3. They show tomorrow's candle
4. You wait for your level instead of watching and getting bored

95. What does RSI measure?

1. The company's profit
2. Recent up moves against down moves, on a 0 to 100 scale
3. The number of traders
4. The spread

96. Price is 1,560, your alert is at 1,510 and the ATR is 25. About how many average days of movement away is it?

1. 1
2. 25
3. 2
4. 50

97. What is the risk of having 40 alerts switched on?

1. Prices stop moving
2. Your broker closes your account
3. Alerts cost a lot each
4. You start ignoring them all, including the important ones

98. You set a price-cross alert and a close-above alert at resistance. Price pokes above it, then closes back below. Which alert fired?

1. The price-cross alert, but not the close-above alert
2. The close-above alert only
3. Both alerts
4. Neither alert

99. Your alert fires, but big news is due in 10 minutes and your plan says no trades before news. What do you do?

1. Trade anyway, the alert rang
2. Double the size
3. Move the alert higher
4. Wait, because the plan's no-trade rule comes first

100. Why review and delete stale alerts each week?

1. Alerts expire by law
2. So every alert still points to a level in a current written plan
3. Old alerts raise costs
4. To make the chart look cleaner for others

101. What is a backtest?

1. Trading backwards
2. A news summary
3. Testing a rule on old price data
4. A type of alert

102. What is look-ahead bias?

1. Using information the test could not have known at that time
2. Looking at a chart from the left
3. Using a stop-loss
4. Testing many markets

103. A backtest curve never dips at all. What should you think?

1. Perfect strategy, go big
2. Markets are easy
3. Costs are too high
4. Probably a bug, so check the code and some trades by hand

104. Which costs should a realistic backtest include?

1. Your internet bill
2. Fees and slippage
3. Chart colours
4. None, costs don't matter

105. The code buys at the open when that same day closes higher. Why is that wrong?

1. Opens are always higher
2. The close is not known at the open
3. It trades too rarely
4. It uses a stop

106. The fixed code lost 2 points on two trades, and each trade costs 0.5 point. What is the total?

1. -2
2. -1
3. +3
4. -3

107. What is the fastest way to catch many backtest bugs?

1. Hand-check a few trades against the chart
2. Run the code more times
3. Make the chart bigger
4. Ask the AI whether the code is correct

108. Why does testing only today's index members make results look too good?

1. Index members never move
2. It adds too many costs
3. It leaves out companies that failed or were removed, which were often losers
4. It uses future candles

109. The buggy test made +7 points and the fixed test -2 before costs. What does this show?

1. The fixed code is broken
2. The bug created the entire edge
3. Costs caused the difference
4. Both results are equally valid

110. The AI's code assumes you can trade 3.7 futures contracts. Why check this?

1. Contracts come in whole units, so the tested size is impossible
2. Fractions are illegal everywhere
3. It changes the chart
4. It adds look-ahead bias

111. A bot promises 10% profit every month, guaranteed. What is that?

1. A normal offer
2. A classic warning sign of fraud
3. A regulator's promise
4. A stop-loss

112. What is overfitting?

1. Using a small position
2. Placing a stop too far
3. Tuning a rule so tightly to past data that it fails on new data
4. Trading two markets

113. Which is a scam red flag?

1. Clear risk warnings
2. A registration number you can check
3. Showing losing months too
4. Pressure to deposit quickly

114. What do real trading edges usually look like?

1. Small and bumpy
2. Perfectly smooth
3. Guaranteed
4. Only up

115. Out of 1,024 coin-flip strategies, about how many get 9 or 10 of 10 right by luck?

1. None
2. About 500
3. About 11
4. All of them

116. Why is the best of 1,000 tested rules likely to disappoint later?

1. Rules get tired
2. Its great past record is partly luck that won't repeat
3. Markets close
4. Costs fall

117. Where should you check whether a firm is allowed to offer investments?

1. The seller's own website
2. A group chat
3. The bot's results page
4. The regulator's official registration search

118. A backtest was tuned on 2015 to 2020 and never tested after that. What is missing?

1. A test on data it never saw
2. More colours
3. A bigger account
4. A second chart of 2015 to 2020

119. A lucky coin-flip strategy is tested on 10 new days. How many right should it expect?

1. 9
2. 5
3. 10
4. 0

120. What does the US futures regulator say about AI and markets?

1. AI technology can't predict the future or sudden market changes
2. AI can predict prices a day ahead
3. AI bots are safe if they are popular
4. AI makes losses impossible

121. When does AI help most in a trading routine?

1. Only during a live trade
2. Before and after the session
3. Never
4. Only when you are losing

122. Which is safe to paste into an AI tool?

1. Your password
2. A one-time code
3. Your account number
4. A journal with personal details removed

123. During a trade, what guides your decisions?

1. Your written plan
2. A chat window
3. Social media
4. A friend's text

124. Someone asks for your verification code 'to help'. What is true?

1. It is normal
2. Banks ask for it every day
3. They are a scammer
4. It is safe if they sound kind

125. What is an API key?

1. A chart pattern
2. A news filter
3. A secret key that lets software use your account
4. A type of order

126. Your routine is 20 minutes before and 15 after, 5 days a week. How many minutes is that?

1. 35
2. 100
3. 350
4. 175

127. Why treat anything you paste into an AI tool as possibly stored?

1. Tools may keep chats, so private data could be seen or leaked later
2. Pasting deletes data
3. It makes the AI faster
4. Exchanges require it

128. An app offers to let its AI trade your account by itself, all day and night. What fits the safe routine?

1. Accept if the returns look good
2. Decline, because no tool should trade on its own without your tested rules and approval
3. Accept, but only at weekends
4. Give it your password to test it

129. The AI brief lists 12 stocks and your rules keep 3. What share of the list is left?

1. 3%
2. 12%
3. 25%
4. 75%

130. Why change only one rule at a time after reviews?

1. So you can tell which change made the difference
2. AIs can only read one rule
3. Rules expire weekly
4. To trade more often