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

Multiple Choice Questions

1. What is one trait Livingston says a successful stock trader must have?
(a) Ability to make friends.
(b) Control of emotions.
(c) Ability to spend money.
(d) Confidence.

2. Why is Livingston having a hard time increasing his money?
(a) His name is too well known.
(b) The bucket shops are mostly shut down.
(c) It's a new game he doesn't know.
(d) He keeps losing his bets.

3. What does Roberts suggest to Livingston?
(a) Betting on corn and wheat.
(b) Smaller, alternate exchanges.
(c) Opening a bucket shop himself.
(d) Going back to school.

4. Why do the bucket shops begin banning Livingston?
(a) He runs other customers away.
(b) He wins too much.
(c) He is obnoxious.
(d) He has stolen money.

5. Why is it harder for alternate exchanges to get rid of a customer?
(a) They are regulated by the government.
(b) They are very poor.
(c) They have a reputation to uphold.
(d) They sign contracts that can't be broken.

Short Answer Questions

1. Why doesn't Livingston learn the new techniques for betting on Wall Street?

2. Where does Livingston go when he leaves Boston?

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

4. Why does Livingston return to Boston?

5. According to Livingston why should no one trade every day?

(see the answer key)

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