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 say one should do when a stock that's being sold is dropping?

2. Where does Livingston go after the dealings with Percy?

3. Why does Livingston declare bankruptcy?

4. What does Livingston say is the most important thing?

5. How does Livingston end up in his dealings with Tropical Trading?

Short Essay Questions

1. What does Livingston begin to do for a living?

2. What does Livingston do about all his debt?

3. What does Jim Barnes ask of Livingston? How was Consolidated Stove formed?

4. Is Livingston asked for tips? What does he say?

5. How does Livingston feel about tips and to what does he attribute his success?

6. How does Livingston feel about hunches?

7. What happens to Livingston after he follows Percy's advice?

8. What does Livingston say about forces that can cause plans to go wrong?

9. Why were the three main stock holders of Consolidated Stove angry at Livingston?

10. How does Livingston think James R. Keene would do in the market of Livingston's era.

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Livingston discusses the patterns various stocks show and how charts can be kept of these patterns and compared to market trends. By applying certain rules to the patterns, traders can decide if it is a good time to buy or sell a particular stock. Only the best traders make money with this approach.

1. Why does Livingston say only the best traders make money by using the patterns? Use examples from the book to support your answer.

2. Discuss several other situations in life where studying patterns are the best way to understand a situation.

3. Does this statement of Livingston's seem too simplistic, considering how few people actually make money in the stock market? Why or why not?

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 goes back and forth between cities trying to earn money. He won't settle down and learn how to do Wall Street. Given his circumstances he doesn't seem to be a very stable individual.

1. Would you agree or disagree with the above statement? Why or why not? Use examples from the book to support your answer.

2. Given what we've seen thus far of Livingston's character explain, in detail, why he probably wouldn't be happy in a steady job.

3. Why do you think Livingston keeps moving around? Use examples from the book to support your answer.

(see the answer keys)

This section contains 1,065 words (approx. 4 pages at 300 words per page) View a FREE sample