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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 is the stock Livingston buys to restart his career?

2. What is one of the main problems of people paying you to do something on the market?

3. What is a broker letter?

4. How does Livingston feel about selling stocks on a payment plan and stock splits?

5. What does Livingston do after the Tropical Trading event?

Short Essay Questions

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

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

3. What is one of the primary tools to manipulate a stock?

4. What does Livingston do when insiders in Tropical Trading try to knock him out of the market?

5. What does Livingston do when he returns to New York?

6. What does Livingston say when people say a stock drops because someone sells it?

7. What does Livingston say about the press and insider trading?

8. What does Livingston say about selling stocks on a payment plan and stock splits?

9. Sum up what Livingston says about cornering the market.

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

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

The young Livingston is fascinated by patterns in the tape and has an excellent memory for numbers. He is able to remember the patterns various stocks normally exhibit well enough to predict their behavior or notice if they act strangely. He records his predictions and compares them to the actual performance of the stocks. Livingston trusts his observations more than tips from others.

1. What would you say about Livingston as a person based on the above paragraph?

2. Livingston is 15-years-old when the book opens. Describe the characteristics you see in Livingston that you would consider typical for a 15 year old and the ones you consider more adult like.

3. Livingston from the brief description above seems like a very organized, possibly even obsessive individual. Discuss the ways you believe this type of personality might do well as a stock broker.

Essay Topic 2

Livingston is broke and the market is not good for making money. He declares bankruptcy to get rid of two creditors. He goes back to Williamson to ask for help.

1. Do you think it was honest or fair to Livingston's creditors to declare bankruptcy? Why or why not?

2. What kind of person do you think Livingston is that he has gone to Williamson for help? Describe your reaction in detail.

3. Do you think if a lot of people played the market and went broke they should all be allowed to declare bankruptcy? Why or why not?

Essay Topic 3

He considers commodities down to earth and less prone to complex maneuvering than stocks. They are affected by supply and demand and conditions that don't affect stock as much.

1. Why do you think Livingston thinks the above statement is true? Use examples from the book to support your answer.

2. Having read the entire book do you think trading in commodities would be easier than in stock? Why or why not?

3. Given the differences in transportation and the wider global market do you think commodity trading has become more complex? Why or why not?

(see the answer keys)

This section contains 1,171 words (approx. 4 pages at 300 words per page) View a FREE sample