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

Multiple Choice Questions

1. 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.

2. Why doesn't Livingston learn the new techniques for betting on Wall Street?
(a) He doesn't read well.
(b) He has to study harder.
(c) He makes enough to live on.
(d) He has a night job.

3. What type of time is the trading at a bucket shop?
(a) Several weeks.
(b) Long term.
(c) Short term.
(d) Over a lifetime.

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

5. How old was Livingston when he made his first $1000?
(a) 21.
(b) 19.
(c) 17.
(d) 15.

Short Answer Questions

1. How are the quotes for stocks disseminated?

2. What is one trait Livingston says a successful stock trader must have?

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

4. How much money does Livingston have when he goes to Wall Street?

5. What is an important aspect of trading successfully?

(see the answer key)

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