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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 Livingston complain about Wall Street?
(a) How the market goes up and down too much.
(b) How everyone is unfriendly.
(c) How slow trades are.
(d) How much money he lost.

2. What happens shortly after he starts selling Union Pacific stock by the thousands?
(a) The San Francisco tidal wave.
(b) The San Francisco fire.
(c) Nothing happens.
(d) The San Francisco earthquake.

3. What is an important aspect of trading successfully?
(a) Being willing to bet on even odds.
(b) Having enough money.
(c) Having good advice.
(d) Having patience and waiting for the right moment.

4. What did Livingston decide to look at when thinking about what to buy or sell?
(a) Index funds.
(b) Mutual funds.
(c) The overall market.
(d) The ten best stocks.

5. Why can bets be carefully timed in bucket shops?
(a) There's less people betting.
(b) It's carefully controlled by the government.
(c) There's only three stocks involved.
(d) They can be bought and sold instantly.

Short Answer Questions

1. What does experience give a successful stock trader?

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

3. Why did Livingston stop in New Haven on his way to New York?

4. Why does Livingston return to Boston?

5. What don't the new bucket shops in Boston allow?

(see the answer key)

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