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

Multiple Choice Questions

1. Where is Livingston trading at the start of Chapter V?
(a) Desmond & Rafferty's.
(b) He's self-employed.
(c) Fullerton's.
(d) Charles Tantion's.

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

3. How much money does Livingston have when he goes to Wall Street?
(a) $10,000.
(b) $4500.
(c) $5000.
(d) $2500.

4. After Livingston gets used to Wall Street, how much does he reach at one point in the early part of his career?
(a) $50,000.
(b) $10,000.
(c) A million dollars.
(d) $155000.

5. How old was Livingston when he made his first $1000?
(a) 21.
(b) 15.
(c) 17.
(d) 19.

Short Answer Questions

1. How useful is bucket shop technique on Wall Street?

2. On a rising market what should each trade be?

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

4. Who convinces Livingston that Union Pacific is manipulating him?

5. Why do the bucket shops begin banning Livingston?

(see the answer key)

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