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

Multiple Choice Questions

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

2. How much regulation is there in the stock market during Livingston's era?
(a) It has many rules.
(b) The SDIC is watching everyone constantly.
(c) Very little regulation.
(d) There is a moderate amount.

3. 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.

4. What does Livingston do when the alternate exchanges start to try and manipulate him?
(a) He quits and goes to New York.
(b) He calls the police.
(c) He starts reverse manipulations.
(d) He buys the exchange.

5. What do customers at a bucket shop do?
(a) Play the lottery.
(b) Bet on a stock going up or down.
(c) Buy feed buckets.
(d) Buy stock.

Short Answer Questions

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

2. Why does Livingston keep losing money on stocks?

3. What's the difference between working on the stock exchange and the bucket shops?

4. What must a successful stock trader do?

5. What happens when one places an order on Wall Street time wise?

(see the answer key)

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