2. What does Livingston do to retaliate against the insiders?
(a) Tells all his friends to sell.
(b) Buys all the low priced shares.
(c) Tells the newspaper it's going under.
(d) Sells a bunch of the parent company stock.

3. How does Livingston feel about selling stocks on a payment plan and stock splits?
(a) He warns against this.
(b) He has no opinion.
(c) He thinks they're a great idea.
(d) He thinks you should do them but on a limited basis.

4. What does Livingston do after the Tropical Trading event?
(a) Goes back to Boston.
(b) Becomes a stock operator.
(c) Retires.
(d) Marries.

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

6. How does Livingston start his job with Imperial Steel?
(a) Selling Bethleham Steel.
(b) Buying Bethleham Steel.
(c) Buying all of Imperial's stock on the market.
(d) Selling all of Imperial's free floating stock.

7. What has the market done about charlatans since Livingston has been trading?
(a) Weeds them out.
(b) Has them arrested.
(c) Nothing.
(d) Tells the newspapers what stocks are bad.

8. What does Williamson agree to allow Livingston to do?
(a) Open an account with him.
(b) Manipulate the price of cotton.
(c) He gives him another stake.
(d) Buy 500 shares of one stock.

9. Who does Livingston say uses tips to no good ends for their customers?
(a) Retirement funds.
(b) Financial advisors.
(c) Banks.
(d) Stock manipulators and promoters.

10. What does Livingston say a trader needs to make a good decision?
(a) To work for a good brokerage firm.
(b) To know a stock really well.
(c) To have good instincts.
(d) To have a lot of money backing him.

11. What actually happens when Livingston is working under an account at Williamson's?
(a) They constantly criticize his work.
(b) They keep asking him to do favors.
(c) They squeeze him for the loan payment.
(d) He makes millions of dollars.

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

13. What does Livingston say is a good method to make a stock look good?
(a) Buy and sell rapidly.
(b) Buy a lot of that stock.
(c) Use inside trading.
(d) Sell most of the stock.

14. Why does Livingston say that after 25 years playing the market, it has become more difficult?
(a) Too many new laws.
(b) There are too many brokers.
(c) There's been a large increase in the number of stocks.
(d) The stocks have become too expensive.

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