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

Multiple Choice Questions

1. Why did Livingston stop in New Haven on his way to New York?
(a) To take a job.
(b) To see his brother.
(c) To see his mother.
(d) To bet in a bucket shop.

2. What did Livingston do about individual stocks?
(a) Paid absolutely no attention to them.
(b) Stopped focusing on them.
(c) Made charts of their ups.
(d) Followed them carefully.

3. Why does Livingston take his profit out so fast?
(a) He has a problem with cash flow.
(b) He fears reversal.
(c) He needs the money.
(d) He has to support his family.

4. How does Livingston play on the market when he returns from St. Louis?
(a) Confidently.
(b) Carelessly.
(c) Frantically.
(d) Cautiously.

5. When does a trader err when trading?
(a) When the direction of the market is not established.
(b) When he doesn't account for underlying factors.
(c) When he follows hot tips.
(d) When he hasn't followed a stock for at least a year.

Short Answer Questions

1. How much money does Livingston make when he first comes back from St. Louis?

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

3. What does Livingston finally begin to study?

4. What must a successful stock trader do?

5. What does Livingston say is impossible to catch?

(see the answer key)

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