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

Multiple Choice Questions

1. How much money did Livingston make on the Union Pacific sell off?
(a) $150,000.
(b) $75,000.
(c) $250,000.
(d) $100,000.

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

3. What does Livingston do when the alternate exchanges start to try and manipulate him?
(a) He starts reverse manipulations.
(b) He quits and goes to New York.
(c) He buys the exchange.
(d) He calls the police.

4. How much regulation is there in the stock market during Livingston's era?
(a) The SDIC is watching everyone constantly.
(b) Very little regulation.
(c) It has many rules.
(d) There is a moderate amount.

5. What can a trader do by applying rules to a pattern?
(a) Decide whether to come to work.
(b) Decide if it is a bull market.
(c) Decide if it is a bear market.
(d) Decide when to buy or sell.

Short Answer Questions

1. What does Livingston decide from the Union Pacific situation?

2. What kind of trading is done at a bucket shop?

3. What does Livingston do with his predictions at first?

4. According to Livingston why should no one trade every day?

5. What does Roberts suggest to Livingston?

(see the answer key)

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