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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) Being willing to bet on even odds.
(b) Having good advice.
(c) Having enough money.
(d) Having patience and waiting for the right moment.

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

3. According to Livingston why should no one trade every day?
(a) It's not good for the soul.
(b) It cost too much money.
(c) The excitement leads to mistakes.
(d) It is too tiring.

4. The price on the stocks in bucket shops is in what according to time?
(a) Real time.
(b) Elasped time.
(c) Several hours old.
(d) Two days old.

5. How does Livingston play on the market when he returns from St. Louis?
(a) Confidently.
(b) Frantically.
(c) Carelessly.
(d) Cautiously.

Short Answer Questions

1. What has he regretted ignoring in the past?

2. What does experience give a successful stock trader?

3. What does Livingston notice about the price of Tropical Trading stock?

4. What does Livingston think is his best guide to trading?

5. What does any trade do to the price of a stock?

(see the answer key)

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