|Name: _________________________||Period: ___________________|
This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.
Short Answer Questions
1. Why can bets be carefully timed in bucket shops?
2. What does it take to be one of the best traders?
3. What is happening to wheat prices when Livingston is trading it?
4. Where does Livingston go when he leaves Boston?
5. Why is it harder for alternate exchanges to get rid of a customer?
Short Essay Questions
1. What happens a few days after he sells Union Pacific and how did that help Livingston?
2. What does the trader Roberts suggest to Livingston?
3. Why is Livingston still losing money on Wall Street?
4. What does Livingston say one should do in a rising or falling market?
5. What does Livingston say makes a successful stock trader?
6. What do customers in bucket shops do?
7. What concerns Livingston in 1906 and why?
8. Why does Livingston return to Boston and what happens when he does?
9. What does Livingston do when he can't bet in Boston and how much money does he have?
10. What commodities has Livingston been trading and how is that going?
Write an essay for ONE of the following topics:
Essay Topic 1
Livingston has met and become friends and/or colleagues or discussed a number of notable people, many of whom he discusses in this book. Discuss he following:
1. Choose three people whom Livingston mentions positively and give a brief idea of his opinions about those three people (or stereotypes).
2. Choose three people whom Livingston mentions negatively and give a brief idea of his opinions about those three people (or stereotypes).
3. Judging what Livingston says about different people in his text, how would you characterize him as a friend? As a colleague?
Essay Topic 2
One can only sell shares of a stock if there are willing buyers. There is only so much stock for a particular company, and individual traders can strongly affect the market through their actions.
1. What do you think would happen to a stock if everyone wanted to sell but no one wanted to buy? Use examples from the book to support your answer.
2. Do you think given the size of the market when Livingston was a trader and now that individual traders can still affect the market? Why or why not?
3. Given the difference in size between the market of Livingston's day and the present time, discuss ways in which his advice might not be relevant today.
Essay Topic 3
Livingston is flat broke and becomes ill. He goes to Chicago to recover. He wonders how he made so many mistakes. He goes back to New York.
1. What do you think the typical person would do if she/he were in Livingston's position?
2. Why do you think Livingston has continued to make mistakes in his trading? Use examples from the book to support your answer.
3. Given that Livingston is flat broke yet again, still he returns to New York. Why do you think Livingston keeps trying?
This section contains 903 words
(approx. 4 pages at 300 words per page)