View a FREE sample

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

Multiple Choice Questions

1. 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 hasn't followed a stock for at least a year.
(d) When he follows hot tips.

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

3. According to Livingston why should no one trade every day?
(a) It cost too much money.
(b) The excitement leads to mistakes.
(c) It is too tiring.
(d) It's not good for the soul.

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

5. What should one decide to do in order to make money?
(a) Sell when you need money.
(b) Let a financial advisor handle your deals.
(c) Stay in for the long haul.
(d) Hold on to the stock until it starts to drop.

Short Answer Questions

1. What is one of the main problems of people paying you to do something on the market?

2. Why doesn't Livingston learn the new techniques for betting on Wall Street?

3. What actually happens when Livingston is working under an account at Williamson's?

4. What does Roberts suggest to Livingston?

5. What does Livingston believe about this famous stock manipulator?

(see the answer key)

This section contains 297 words (approx. 1 page at 300 words per page) View a FREE sample