Name: _________________________ | Period: ___________________ |
This quiz consists of 5 multiple choice and 5 short answer questions through Chapter XXIII.
Multiple Choice Questions
1. Why does Livingston meet with Percy Thomas?
(a) Percy was a friend of Livingston's brother.
(b) Percy caused Livingston to lose a lot of money.
(c) Percy caused Livingston to make a lot of money.
(d) Thomas asked to meet him and he admires Percy.
2. What kind of trading is done at a bucket shop?
(a) Subjective.
(b) Throw back.
(c) Superficial.
(d) Highly technical.
3. What does Livingston say is the most important thing?
(a) Be prepared to hold stocks for years.
(b) Follow your hunches.
(c) Be prepared to lose money.
(d) Have a general strategy and stick with it.
4. 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 when to buy or sell.
(d) Decide if it is a bear market.
5. What do the small shops agree Livingston can do?
(a) Buy on margin.
(b) Open a very large account.
(c) Trade on the prices quoted.
(d) Buy and sell at the same time.
Short Answer Questions
1. What does Livingston do after he sold all the stock in Union Pacific and after the earthquake?
2. What does Livingston say is a good method to make a stock look good?
3. What is the stock Livingston buys to restart his career?
4. What happens after Livingston's initial action on behalf of Imperial Steel?
5. What is an important aspect of trading successfully?
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