View a FREE sample

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

Multiple Choice Questions

1. What does the phrase "go long" mean?
(a) To buy stock that's been on the market a long time.
(b) To sell any stock within 30 days.
(c) To buy stock.
(d) To wait a long time to sell.

2. After Livingston gets used to Wall Street, how much does he reach at one point in the early part of his career?
(a) $155000.
(b) $50,000.
(c) $10,000.
(d) A million dollars.

3. What does Roberts suggest to Livingston?
(a) Smaller, alternate exchanges.
(b) Opening a bucket shop himself.
(c) Betting on corn and wheat.
(d) Going back to school.

4. Why does Livingston want to sell Union Pacific?
(a) He doesn't like the owner.
(b) They've been going down.
(c) He has a strong hunch.
(d) He never travels by train.

5. What does Livingston figure out he has to do to make a lot of money?
(a) Play one stock consistently.
(b) Spread his money around.
(c) Trade on broad principles.
(d) Keep his money riding longer.

Short Answer Questions

1. What does Livingston do after receiving advice from his manager?

2. What happens shortly after he starts selling Union Pacific stock by the thousands?

3. What is an important aspect of trading successfully?

4. What did Livingston decide to look at when thinking about what to buy or sell?

5. What has he regretted ignoring in the past?

(see the answer key)

This section contains 273 words (approx. 1 page at 300 words per page) View a FREE sample