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

Multiple Choice Questions

1. What type of time is the trading at a bucket shop?
(a) Several weeks.
(b) Over a lifetime.
(c) Long term.
(d) Short term.

2. What can a trader do by applying rules to a pattern?
(a) Decide when to buy or sell.
(b) Decide if it is a bear market.
(c) Decide whether to come to work.
(d) Decide if it is a bull market.

3. What does Livingston do at several small alternate exchanges?
(a) Get kicked out.
(b) Let Roberts handle everything.
(c) Lose a lot of money.
(d) Establish accounts.

4. What does Livingston figure out he has to do to make a lot of money?
(a) Trade on broad principles.
(b) Play one stock consistently.
(c) Keep his money riding longer.
(d) Spread his money around.

5. What does Livingston decide from the Union Pacific situation?
(a) To listen more carefully to his manager.
(b) To go back to school to learn more.
(c) To practice understanding insider actions.
(d) To only trust himself.

Short Answer Questions

1. When should one stay clear of a stock?

2. What does Livingston finally begin to study?

3. Why do the bucket shops begin banning Livingston?

4. Where does Livingston go when he leaves Boston?

5. What's the difference between working on the stock exchange and the bucket shops?

(see the answer key)

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