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

Multiple Choice Questions

1. How does he start out selling Union Pacific?
(a) Shares every other week.
(b) All at once.
(c) Slowly at first.
(d) He talks to the brokage manager.

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

3. What does Livingston do when the alternate exchanges start to try and manipulate him?
(a) He quits and goes to New York.
(b) He calls the police.
(c) He buys the exchange.
(d) He starts reverse manipulations.

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

5. What does it take to be one of the best traders?
(a) Knowing when to buy on margin.
(b) Knowing when to borrow money.
(c) Knowing how to use the patterns.
(d) Knowing when bonds are good.

Short Answer Questions

1. What does Livingston notice not long after selling off his Union Pacific stock?

2. What is happening to wheat prices when Livingston is trading it?

3. When can one only sell stock?

4. What concerns Livingston in 1906?

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

(see the answer key)

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