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

Multiple Choice Questions

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

2. When Livingston is looking at the price of Tropical Trading what is the market doing?
(a) Going up.
(b) Going down.
(c) Staying the same.
(d) Fluctuating wildly.

3. What does Livingston warn about in the beginning of Chapter XV?
(a) Not to be greedy.
(b) Not to stay a trader your whole life.
(c) There are some things that can't be anticipated.
(d) Not to play the market if you need money.

4. When can one only sell stock?
(a) When there's a willing buyer.
(b) When the stock is worth more than paid for.
(c) When the company is stable.
(d) When your manager authorizes the sell.

5. 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.

Short Answer Questions

1. When does Livingston hate losing money the most?

2. Of whom does Livingston make fun?

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

4. The price on the stocks in bucket shops is in what according to time?

5. What does experience give a successful stock trader?

(see the answer key)

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