View a FREE sample

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 want to do when he sees the market rallying?

2. Why do the bucket shops begin banning Livingston?

3. What does Livingston say is impossible to catch?

4. What did Livingston do about individual stocks?

5. What can a trader do by applying rules to a pattern?

Short Essay Questions

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

2. What lesson does Livingston finally learn about markets?

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

4. What does Livingston see the market doing, what does he think will happen and what does he do about it?

5. What kind of trader does Livingston hear had a bad loss and what does he do about it?

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

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

8. What does Livingston say again about the bucket shops and Wall Street?

9. What happens to Livingston in St. Louis?

10. Why does Livingston wish he had not listened to his branch manager?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

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?

Essay Topic 2

This book is a work of fiction yet also a thinly disguised biography. Can a book be both fiction and non-fiction?

1. Would you classify this book as a novel or a biography? Why?

2. Research biography and fiction. Write a short essay explaining the difference.

3. Do you think a novel can have so much of the truth in it that it could be classified as non-fiction? Why or why not?

Essay Topic 3

Livingston, though still losing money, is making enough money to live on, which only delays the inevitable need to learn new trading techniques.

1. Explain why having enough money to live on would delay Livingston learning the stock broker trade.

2. If one has a natural talent for a musical instrument and can play it somewhat when first trying what do you think would be the equivalent for farther learning of the musical instrument if the situation was an analogy for the statement above?

3. If the above statement is true do you think it would mean mediocrity can get in the way of greatness? Why or why not?

(see the answer keys)

This section contains 922 words (approx. 4 pages at 300 words per page) View a FREE sample