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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter VII.

Multiple Choice Questions

1. What does the phrase "go short" mean?
(a) To sell stock.
(b) To buy any stock within 30 days.
(c) To wait a short time to sell.
(d) To buy stock that's been on the market a short time.

2. What is one trait Livingston says a successful stock trader must have?
(a) Ability to make friends.
(b) Confidence.
(c) Control of emotions.
(d) Ability to spend money.

3. What do the small shops agree Livingston can do?
(a) Buy and sell at the same time.
(b) Open a very large account.
(c) Buy on margin.
(d) Trade on the prices quoted.

4. How does Livingston portray himself to the small exchanges?
(a) Someone who is very, very wealthy.
(b) Someone who has lost a lot of money on Wall Street.
(c) Someone who has never thought about stocks.
(d) Someone who is very knowledgeable.

5. What has he regretted ignoring in the past?
(a) His mentor's advice.
(b) Strong hunches.
(c) Not liking a company.
(d) Stocks going down.

Short Answer Questions

1. What does Livingston notice not long after selling off his Union Pacific stock?

2. What happens shortly after he starts selling Union Pacific stock by the thousands?

3. When can one only sell stock?

4. Where does Livingston go with his $500?

5. What does Livingston do after he sold all the stock in Union Pacific and after the earthquake?

(see the answer key)

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