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This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.

Short Answer Questions

1. What happens to Livingston when someone buys up all the corn?

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

3. What should one do in a bull market?

4. What does Livingston want to do when he sees the market rallying?

5. What does Livingston do about his concerns in 1906?

Short Essay Questions

1. What does the trader Roberts suggest to Livingston?

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

3. What difference of opinion do Livingston and Percy have and who convinces who?

4. What does Livingston do with Roberts suggestion?

5. What job did Livingston have when the book opened and how are stock quotes done?

6. What do customers in bucket shops do?

7. What does Livingston believe is his best guide to trading and what does he say a good trader must be?

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

9. What commodities is Livingston trading and how is that going?

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

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Livingston has met and become friends and/or colleagues or discussed a number of notable people, many of whom he discusses in this book. Discuss he following:

1. Choose three people whom Livingston mentions positively and give a brief idea of his opinions about those three people (or stereotypes).

2. Choose three people whom Livingston mentions negatively and give a brief idea of his opinions about those three people (or stereotypes).

3. Judging what Livingston says about different people in his text, how would you characterize him as a friend? As a colleague?

Essay Topic 2

Livingston is flat broke and becomes ill. He goes to Chicago to recover. He wonders how he made so many mistakes. He goes back to New York.

1. What do you think the typical person would do if she/he were in Livingston's position?

2. Why do you think Livingston has continued to make mistakes in his trading? Use examples from the book to support your answer.

3. Given that Livingston is flat broke yet again, still he returns to New York. Why do you think Livingston keeps trying?

Essay Topic 3

Livingston says the important thing is to have a general strategy, stick to it, and use good information.

1. Why do you think it is important to have a general strategy in trading stocks? Give an example from the book.

2. Do you think it is difficult to stick to a plan when the plan is failing? Why or why not?

3. How difficult is it to get good information today? Do you believe what you read on the Internet? Why or why not?

(see the answer keys)

This section contains 947 words (approx. 4 pages at 300 words per page) View a FREE sample