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This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

1. What does Livingston decide to buy next?
(a) He decides to buy soy beans.
(b) He goes into oil stock.
(c) He decides to corner the market in cotton.
(d) He moves back to high tech stock.

2. What do the small shops agree Livingston can do?
(a) Trade on the prices quoted.
(b) Buy on margin.
(c) Buy and sell at the same time.
(d) Open a very large account.

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

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

5. What must a successful stock trader do?
(a) Work for a brokage firm.
(b) Borrow money.
(c) Make the actual trade.
(d) Play poker.

Short Answer Questions

1. Where is Livingston trading at the start of Chapter V?

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

3. Why is Livingston having a hard time increasing his money?

4. How long does Livingston stay in Boston the second time he goes there?

5. What don't the new bucket shops in Boston allow?

Short Essay Questions

1. What does Livingston discuss concerning stocks in Chapter V?

2. Why does Livingston say patterns can be used and who uses them well?

3. How long does Livingston stay in Boston and then what does he do?

4. How did Livingston make a lot of money in cotton?

5. What does Livingston say one should do in a rising or falling market?

6. Why was Livingston banned from the bucket shops and what did the last one he bet at do?

7. Why is Livingston still losing money on Wall Street?

8. What concerns Livingston in 1906 and why?

9. How does LIvingston sell off Union Pacific and why does he do it?

10. What cotton trader does Livingston meet and what does he propose?

(see the answer keys)

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