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

Multiple Choice Questions

1. What does Livingston think one should never feel about the market?
(a) Confidence.
(b) Anger.
(c) Elation.
(d) Depression.

2. What did Livingston decide to look at when thinking about what to buy or sell?
(a) Mutual funds.
(b) The overall market.
(c) The ten best stocks.
(d) Index funds.

3. What has he regretted ignoring in the past?
(a) His mentor's advice.
(b) Not liking a company.
(c) Stocks going down.
(d) Strong hunches.

4. Why does Livingston declare bankruptcy?
(a) To be able to retire.
(b) To clear his record off.
(c) To gain money for a stake.
(d) To get rid of two persistent creditors.

5. What does Livingston suggest is the reason for urges?
(a) Being competitive.
(b) Small warnings.
(c) Being fearful.
(d) Human nature.

Short Answer Questions

1. What does Livingston say one must be in order to be a good trader?

2. What is one of the forces that can cause a stock spectator's plans to go awry?

3. What has happened to Percy recently in the market?

4. What must a successful stock trader do?

5. What kind of trading is done at a bucket shop?

(see the answer key)

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