|Name: _________________________||Period: ___________________|
This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.
Short Answer Questions
1. What does Livingston say will happen in a stock or commodity if a surprise event occurs?
2. What do the small shops agree Livingston can do?
3. What does Livingston say is impossible to catch?
4. What concerns Livingston in 1906?
5. Why doesn't Livingston learn the new techniques for betting on Wall Street?
Short Essay Questions
1. What does Livingston see the market doing, what does he think will happen and what does he do about it?
2. How does LIvingston sell off Union Pacific and why does he do it?
3. What's the difference between trading on Wall Street and bucket shops and how does it affect Livingston?
4. How long does Livingston stay in Boston and then what does he do?
5. What does Livingston discuss concerning stocks in Chapter V?
6. What concerns Livingston in 1906 and why?
7. What does Livingston say makes a successful stock trader?
8. What happens to Livingston in St. Louis?
9. What does Livingston do when he can't bet in Boston and how much money does he have?
10. Why is Livingston still losing money on Wall Street?
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
Eventually the three men who own so much of the stock get angry with him for not raising the price and selling their stock, too. Livingston considers there is never any point in getting angry at the market.
1. Why do you think the men were angry at Livingston? Use examples from the book to support your answer.
2. Do you think what Livingston did with Consolidated Stove was immoral? Why or why not? Use examples from the book to support your answer.
3. Why do you think Livingston says there's no point in getting angry at the market? Use examples from the book to support your answer.
Essay Topic 3
Livingston is convinced his own knowledge, ideas, and hunches serve him better than any other other sources of information. He discusses the importance of being objective and neutral and not preferring a bear or bull market, but trading based on what conditions actually are.
1. How do you think Livingston being convinced about his ideas being better than other people's might help and harm him in trading? Use examples from the book to support your answer.
2. Why do you think a trader has to be objective? Use examples from the book to support your answer.
3. Discuss what you see as the conflict between playing hunches and being objective.
This section contains 1,007 words
(approx. 4 pages at 300 words per page)