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

Multiple Choice Questions

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

2. What is one trait Livingston says a successful stock trader must have?
(a) Confidence.
(b) Control of emotions.
(c) Ability to spend money.
(d) Ability to make friends.

3. Who convinces Livingston that Union Pacific is manipulating him?
(a) The branch manager.
(b) His mentor.
(c) His wife.
(d) His best friend.

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

5. When can one only sell stock?
(a) When the company is stable.
(b) When the stock is worth more than paid for.
(c) When there's a willing buyer.
(d) When your manager authorizes the sell.

Short Answer Questions

1. What happens when the market falls steeply in 1906?

2. How does Livingston portray himself to the small exchanges?

3. Why does Livingston return to Boston?

4. Where does Livingston go with his $500?

5. Why does it take Livingston so long to understand how to trade?

(see the answer key)

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