View a FREE sample

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

Multiple Choice Questions

1. What does it take to be one of the best traders?
(a) Knowing when bonds are good.
(b) Knowing when to buy on margin.
(c) Knowing when to borrow money.
(d) Knowing how to use the patterns.

2. How does Livingston start his job with Imperial Steel?
(a) Selling Bethleham Steel.
(b) Selling all of Imperial's free floating stock.
(c) Buying all of Imperial's stock on the market.
(d) Buying Bethleham Steel.

3. What is one trait Livingston says a successful stock trader must have?
(a) Ability to make friends.
(b) Control of emotions.
(c) Ability to spend money.
(d) Confidence.

4. When is a good time to sell a stock?
(a) When the price is rising.
(b) When it is dropping.
(c) When it reaches its top price.
(d) When others are selling.

5. Why does Livingston want to sell Union Pacific?
(a) They've been going down.
(b) He has a strong hunch.
(c) He doesn't like the owner.
(d) He never travels by train.

Short Answer Questions

1. Why does Livingston keep losing money on stocks?

2. Who was a famous stock manipulator Livingston mentions?

3. What does Livingston decide from the Union Pacific situation?

4. What does Livingston discuss at the beginning of this chapter about stocks?

5. How does Livingston end up in his dealings with Tropical Trading?

(see the answer key)

This section contains 290 words (approx. 1 page at 300 words per page) View a FREE sample