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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 finally begin to study?
(a) Mutual funds.
(b) Bond and index funds.
(c) Longer-term stock movements.
(d) Trading on margin and call.

2. Where does Livingston go when he leaves Boston?
(a) Pittsburgh.
(b) Washington D.C.
(c) New York.
(d) Florida.

3. What is happening to wheat prices when Livingston is trading it?
(a) It's staying the same.
(b) It's going up.
(c) It's declining.
(d) It's moving up and down everyday.

4. How old was Livingston when he made his first $1000?
(a) 21.
(b) 19.
(c) 15.
(d) 17.

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

Short Answer Questions

1. What does Livingston discuss at the beginning of this chapter about stocks?

2. What does Livingston say is impossible to catch?

3. What should one do in a bull market?

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

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

(see the answer key)

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