Reminiscences of a Stock Operator Test | Mid-Book Test - Easy

Edwin Lefèvre
This set of Lesson Plans consists of approximately 135 pages of tests, essay questions, lessons, and other teaching materials.

Reminiscences of a Stock Operator Test | Mid-Book Test - Easy

Edwin Lefèvre
This set of Lesson Plans consists of approximately 135 pages of tests, essay questions, lessons, and other teaching materials.
Buy the Reminiscences of a Stock Operator Lesson Plans
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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. What is affected the most by timing on Wall Street?
(a) Bonds.
(b) Small trades.
(c) Large trades.
(d) Index funds.

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

3. What fascinates the young Livingston?
(a) The way the stocks move up and down.
(b) Why people come to bucket shops.
(c) The patterns on the ticker tape.
(d) How people bet.

4. What does Livingston do when he proves himself right about the market in Chapter IX?
(a) Holds steady.
(b) Sells stock.
(c) Sells high end stock and buys low end stock.
(d) Buys stock.

5. What do customers at a bucket shop do?
(a) Bet on a stock going up or down.
(b) Play the lottery.
(c) Buy feed buckets.
(d) Buy stock.

6. What does Livingston decide from the Union Pacific situation?
(a) To only trust himself.
(b) To go back to school to learn more.
(c) To practice understanding insider actions.
(d) To listen more carefully to his manager.

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

8. What does Roberts suggest to Livingston?
(a) Smaller, alternate exchanges.
(b) Betting on corn and wheat.
(c) Going back to school.
(d) Opening a bucket shop himself.

9. What does Livingston say to do with anything showing a loss?
(a) Sell it immediately.
(b) Buy more of it.
(c) Hold it until it goes up.
(d) Sell it after it moves in either direction.

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

11. How does Livingston portray himself to the small exchanges?
(a) Someone who is very, very wealthy.
(b) Someone who is very knowledgeable.
(c) Someone who has never thought about stocks.
(d) Someone who has lost a lot of money on Wall Street.

12. What happens to Livingston when someone buys up all the corn?
(a) He makes $50,000.
(b) He isn't involved in corn trade.
(c) He breaks even.
(d) He loses money.

13. What does Livingston do at several small alternate exchanges?
(a) Let Roberts handle everything.
(b) Get kicked out.
(c) Establish accounts.
(d) Lose a lot of money.

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

15. Why is Livingston having a hard time increasing his money?
(a) It's a new game he doesn't know.
(b) His name is too well known.
(c) He keeps losing his bets.
(d) The bucket shops are mostly shut down.

Short Answer Questions

1. What kind of trading is done at a bucket shop?

2. After Livingston gets used to Wall Street, how much does he reach at one point in the early part of his career?

3. What happens when one places an order on Wall Street time wise?

4. How do some smaller exchanges double their money?

5. What happens shortly after he starts selling Union Pacific stock by the thousands?

(see the answer keys)

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