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

Multiple Choice Questions

1. How do some smaller exchanges double their money?
(a) Getting different customers to buy and sell at the same time.
(b) Taking out too much taxes.
(c) Allowing margin play.
(d) Switching prices at the last minute.

2. Why does Livingston say traders are often vilified in the press and by other traders?
(a) When they make too much money.
(b) When they sell short and the price drops.
(c) When they hold onto food crops.
(d) When they corner a market.

3. What does Livingston say gives a trader the sense of what to do?
(a) Listening to friends.
(b) Feeling it in your gut.
(c) Reading the Wall Street Journal.
(d) Time and training.

4. From where does Livingston say urges arise?
(a) The subconscious.
(b) Listening to others.
(c) Reading too many stock reports.
(d) The ego.

5. The price on the stocks in bucket shops is in what according to time?
(a) Elasped time.
(b) Two days old.
(c) Several hours old.
(d) Real time.

Short Answer Questions

1. What does Livingston say to do with anything showing a loss?

2. What does Livingston do when the alternate exchanges start to try and manipulate him?

3. How old was Livingston when he made his first $1000?

4. Who does Livingston think benefits most from tips?

5. What does an operator tell people when cornering a market?

(see the answer key)

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