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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 does Livingston do when the alternate exchanges start to try and manipulate him?

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

3. Why is it harder for alternate exchanges to get rid of a customer?

4. What does experience give a successful stock trader?

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

Short Essay Questions

1. What happens when Livingston first comes back from St. Louis?

2. Why does Livingston return to Boston and what happens when he does?

3. Why does Livingston take so long to figure out the stock market and what happens then?

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

5. What happens to Livingston in St. Louis?

6. What commodities has Livingston been trading and how is that going?

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

8. What lesson does Livingston finally learn about markets?

9. What does Livingston do when he can't bet in Boston and how much money does he have?

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

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Having patience and waiting until the right moment is an important aspect of successful trading.

1. Explain, using examples from the book, what you think is meant by this statement.

2. Discuss two situations in your own life that requires patience and good timing.

3. Do you think Livingston's advice could be used in situations other than trading on Wall Street? Why or why not?

Essay Topic 2

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 3

Livingston gives a number of his opinions on the stock market.

1. Discuss Livingston 's opinions of three topics. Do you agree or disagree with him? Why?

2. Compare and contrast Livingston's opinions from this book with what you might imagine he would think today in the 21st century. How do you think his opinions would change? Would remain the same? Explain fully.

3. Discuss how you think Livingston's view on several topics from this essay informs his life as a trader.

(see the answer keys)

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