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

Multiple Choice Questions

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

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

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

4. What can a trader do by applying rules to a pattern?
(a) Decide if it is a bear market.
(b) Decide whether to come to work.
(c) Decide when to buy or sell.
(d) Decide if it is a bull market.

5. What kind of trading is done at a bucket shop?
(a) Superficial.
(b) Throw back.
(c) Highly technical.
(d) Subjective.

Short Answer Questions

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

2. What does Livingston complain about Wall Street?

3. What does it take to be one of the best traders?

4. What type of time is the trading at a bucket shop?

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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