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

Multiple Choice Questions

1. Why does Livingston return to Boston?
(a) He hates the traffic in New York.
(b) He's broke and frustrated.
(c) He wants to open a bucket shop.
(d) His mother is ill.

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

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

4. Where does Livingston go with his $500?
(a) To Boston.
(b) To Dallas.
(c) To St. Louis.
(d) To Atlanta.

5. How long does Livingston stay in Boston the second time he goes there?
(a) Two weeks.
(b) Two years.
(c) A year.
(d) Six months.

Short Answer Questions

1. What does experience give a successful stock trader?

2. Why doesn't Livingston learn the new techniques for betting on Wall Street?

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

4. What kind of trading is done at a bucket shop?

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

(see the answer key)

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