View a FREE sample

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

Multiple Choice Questions

1. How useful is bucket shop technique on Wall Street?
(a) It is the same technique.
(b) Not very useful.
(c) One has nothing to do with the other.
(d) Very useful.

2. What fascinates the young Livingston?
(a) The patterns on the ticker tape.
(b) The way the stocks move up and down.
(c) How people bet.
(d) Why people come to bucket shops.

3. Why is Livingston having a hard time increasing his money?
(a) The bucket shops are mostly shut down.
(b) He keeps losing his bets.
(c) It's a new game he doesn't know.
(d) His name is too well known.

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

5. What does experience give a successful stock trader?
(a) Respect.
(b) A job.
(c) Learning.
(d) Friends.

Short Answer Questions

1. Under what authority are bucket shops allowed?

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

3. What is Livingston's job at a bucket shop?

4. What does Livingston do when the alternate exchanges start to try and manipulate him?

5. What must a successful stock trader do?

(see the answer key)

This section contains 258 words (approx. 1 page at 300 words per page) View a FREE sample