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

Multiple Choice Questions

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

2. The price on the stocks in bucket shops is in what according to time?
(a) Elasped time.
(b) Real time.
(c) Several hours old.
(d) Two days old.

3. Where does Livingston get his money to start to recoup his losses?
(a) His father.
(b) The president of his brokerage firm.
(c) His best friend.
(d) He gets a regular job.

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

5. What does Livingston decide from the Union Pacific situation?
(a) To listen more carefully to his manager.
(b) To go back to school to learn more.
(c) To practice understanding insider actions.
(d) To only trust himself.

Short Answer Questions

1. How much regulation is there in the stock market during Livingston's era?

2. Where does Livingston go when he leaves Boston?

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

4. How does Livingston play on the market when he returns from St. Louis?

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

(see the answer key)

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