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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter XX.

Multiple Choice Questions

1. What happens when one places an order on Wall Street time wise?
(a) The SCCI has to check it first.
(b) It's never implemented for 24 hours.
(c) It is done instantly.
(d) There is a short lag.

2. Why doesn't Livingston learn the new techniques for betting on Wall Street?
(a) He doesn't read well.
(b) He makes enough to live on.
(c) He has a night job.
(d) He has to study harder.

3. When does a trader err when trading?
(a) When the direction of the market is not established.
(b) When he hasn't followed a stock for at least a year.
(c) When he follows hot tips.
(d) When he doesn't account for underlying factors.

4. What does Livingston say cornering a market can do to a price?
(a) Influence it.
(b) Make the price go down.
(c) Nothing.
(d) Make the price go up.

5. What has he regretted ignoring in the past?
(a) Stocks going down.
(b) His mentor's advice.
(c) Strong hunches.
(d) Not liking a company.

Short Answer Questions

1. What type of time is the trading at a bucket shop?

2. What does Livingston figure out he has to do to make a lot of money?

3. What does the phrase "go short" mean?

4. On a rising market what should each trade be?

5. Why is Livingston having a hard time increasing his money?

(see the answer key)

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