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

Multiple Choice Questions

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

2. What does Livingston think is his best guide to trading?
(a) The Fortune 500.
(b) Standard and Poor's index of stock.
(c) What happens in Washington D.C.
(d) Himself.

3. What does Livingston want to do when he sees the market rallying?
(a) Buy a lot of stock.
(b) Switch to bonds.
(c) Not do anything.
(d) Prove it's only temporary.

4. Why is it harder for alternate exchanges to get rid of a customer?
(a) They are regulated by the government.
(b) They are very poor.
(c) They sign contracts that can't be broken.
(d) They have a reputation to uphold.

5. What does Livingston figure out he has to do to make a lot of money?
(a) Play one stock consistently.
(b) Spread his money around.
(c) Keep his money riding longer.
(d) Trade on broad principles.

Short Answer Questions

1. What's the difference between working on the stock exchange and the bucket shops?

2. What can a trader do by applying rules to a pattern?

3. How long does Livingston stay in Boston the second time he goes there?

4. What did Livingston decide to look at when thinking about what to buy or sell?

5. What must a successful stock trader do?

(see the answer key)

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