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

Multiple Choice Questions

1. How does he start out selling Union Pacific?
(a) All at once.
(b) He talks to the brokage manager.
(c) Shares every other week.
(d) Slowly at first.

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

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

4. Why does it take Livingston so long to understand how to trade?
(a) He is too confident in his own methods.
(b) He enjoys it so much he doesn't pay attention.
(c) He won't listen to his mentor.
(d) He hates to study hard.

5. What happens when one places an order on Wall Street time wise?
(a) It's never implemented for 24 hours.
(b) There is a short lag.
(c) The SCCI has to check it first.
(d) It is done instantly.

Short Answer Questions

1. Where does Livingston go with his $500?

2. After Livingston gets used to Wall Street, how much does he reach at one point in the early part of his career?

3. What must a successful stock trader do?

4. Why does Livingston take his profit out so fast?

5. For what does young Livingston have an excellent memory?

(see the answer key)

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