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

3. What happens to Livingston when someone buys up all the corn?
(a) He makes $50,000.
(b) He loses money.
(c) He breaks even.
(d) He isn't involved in corn trade.

4. What does Livingston decide from the Union Pacific situation?
(a) To go back to school to learn more.
(b) To listen more carefully to his manager.
(c) To practice understanding insider actions.
(d) To only trust himself.

5. Where is Livingston trading at the start of Chapter V?
(a) Charles Tantion's.
(b) Fullerton's.
(c) He's self-employed.
(d) Desmond & Rafferty's.

6. What happens to Livingston when he takes Percy's advice?
(a) He didn't take Percy's advice.
(b) He doubles his money.
(c) He loses almost everything he has.
(d) He breaks even.

7. What does Livingston say to do with anything showing a loss?
(a) Buy more of it.
(b) Hold it until it goes up.
(c) Sell it after it moves in either direction.
(d) Sell it immediately.

8. What does experience give a successful stock trader?
(a) Learning.
(b) Respect.
(c) A job.
(d) Friends.

9. What does Livingston say is impossible to catch?
(a) Two stocks related moving in different directions.
(b) A stock on the rise.
(c) A stock just being offered.
(d) Tiny fluctuations of the market.

10. What does Livingston conclude when Union Pacific announces a dividend?
(a) The company is poorly run.
(b) They are borrowing money from somewhere.
(c) He had read the insiders correctly.
(d) The stock is worthless.

11. What do some people claim about a newspaper article that helped Livingston?
(a) He engineered it.
(b) His brother wrote it.
(c) The newspaper interviewed him for it.
(d) His wife wrote it.

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

13. What does Percy believe about the cotton market?
(a) It's a bull market.
(b) It's an exciting market.
(c) It's very stable.
(d) It's a bear market.

14. Why can bets be carefully timed in bucket shops?
(a) There's only three stocks involved.
(b) They can be bought and sold instantly.
(c) It's carefully controlled by the government.
(d) There's less people betting.

15. Why did Livingston stop in New Haven on his way to New York?
(a) To see his mother.
(b) To see his brother.
(c) To bet in a bucket shop.
(d) To take a job.