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

Multiple Choice Questions

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

2. How much money does Livingston make when he first comes back from St. Louis?
(a) He makes a huge amount of money.
(b) He makes a moderate amount of money.
(c) He gains slowly, but steadily.
(d) He loses money.

3. What should one do in a bull market?
(a) Buy stock.
(b) Stick with index funds.
(c) Wait and see.
(d) Buy one week, sell the next.

4. How much money did Livingston make on the Union Pacific sell off?
(a) $75,000.
(b) $250,000.
(c) $150,000.
(d) $100,000.

5. Under what authority are bucket shops allowed?
(a) They are not legal.
(b) The local constable signs the permit.
(c) The NYSE authorizes them.
(d) Thet are established by New York State government.

Short Answer Questions

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

2. When can one only sell stock?

3. Why does it take Livingston so long to understand how to trade?

4. What does Livingston say is impossible to catch?

5. What does Livingston finally begin to study?

(see the answer key)

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