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

Multiple Choice Questions

1. What does Livingston say is a good method to make a stock look good?
(a) Buy and sell rapidly.
(b) Sell most of the stock.
(c) Use inside trading.
(d) Buy a lot of that stock.

2. What does Livingston say is impossible to catch?
(a) A stock on the rise.
(b) Tiny fluctuations of the market.
(c) Two stocks related moving in different directions.
(d) A stock just being offered.

3. What does Livingston discuss at the beginning of this chapter about stocks?
(a) How it's all random.
(b) How stocks come in all sizes.
(c) How one stock is good and one isn't.
(d) Various patterns.

4. What does he think his debts are doing to his trading?
(a) Causing him to be less objective.
(b) Making him too cautious.
(c) Making it impossible to play on a margin.
(d) Making it too hard to borrow money.

5. What does Livingston believe about the cotton market when he and Percy are discussing it?
(a) It's a dull market.
(b) It's a bull market.
(c) It's a bear market.
(d) It's too volatile.

Short Answer Questions

1. What does Livingston say he has to do with a strong urge?

2. Under what authority are bucket shops allowed?

3. What is happening to wheat prices when Livingston is trading it?

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

5. What is affected the most by timing on Wall Street?

(see the answer key)

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