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

Multiple Choice Questions

1. Why does Livingston keep losing money on stocks?
(a) He doesn't understand some of the companies.
(b) He plays like it's a game.
(c) He gets distracted by numbers.
(d) He's reacting to price and movement.

2. What is Livingston's job at a bucket shop?
(a) Runner.
(b) Trader.
(c) Quotation boy.
(d) Stock broker.

3. What does Livingston discuss at the beginning of this chapter about stocks?
(a) How one stock is good and one isn't.
(b) How stocks come in all sizes.
(c) How it's all random.
(d) Various patterns.

4. Where does Livingston go with his $500?
(a) To St. Louis.
(b) To Boston.
(c) To Dallas.
(d) To Atlanta.

5. Why does Livingston want to sell Union Pacific?
(a) He never travels by train.
(b) They've been going down.
(c) He doesn't like the owner.
(d) He has a strong hunch.

Short Answer Questions

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

2. What has he regretted ignoring in the past?

3. Where is Livingston trading at the start of Chapter V?

4. What does Livingston do after he sold all the stock in Union Pacific and after the earthquake?

5. What should one do in a bull market?

(see the answer key)

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