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Product Description
Product Description
In Just 18 Months, Nicolas Darvas Turned $25,000 into Over $2 Million... This is How He Did It... ...and How You Can Do it Too! With just fifty pounds sterling to his name, at the age of 23, Nicolas Darvas fled his native Hungary using a forged exit visa, to escape the Nazis. A dancer by trade, he toured nightclubs and other venues, making a living as a performer. While on tour in 1952, a Toronto nightclub offered Darvas $3000 worth of stock in a Canadian mining company, instead of his normal cash payment. He accepted the offer, and within two months, made an $8000 profit. When this happened, Darvas became very interested in the stock market. Seeing the potential for easy money in the stock market, but realizing that his initial success was based on luck, over the next several years, Darvas became committed to conquering Wall Street. He read as much as he possibly could about the stock market. He analyzed company balance sheets, studied analyst forecasts, and read dozens of investment newsletters. This book is the result of that study, including how Darvas used his system to take a $25,000 investment and turn it into a $2.25 million fortune in just 18 months. Nicolas Darvas wasn't a professional stock trader. He was a dancer. Yet, his unique approach to stock trading, which allowed him to make money regardless of whether the market rose or fell, enabled him to make a fortune. Will this system work for you? Yes! Unlike most stock trading systems, Darvas' unique strategies work, regardless of the economy or other market conditions. In fact, thanks to modern day analysis tools, his system works as well today as it ever has. Every day, people make money in the stock market. You can too!
About the Author
Before emigrating to America, Darvas studied economics at the
University of Budapest. Arriving in the US in 1951, Darvas trained with his
half-sister, Julia, to be a ballroom dancer, becoming extremely succesful
and touring the world by 1956.
University of Budapest. Arriving in the US in 1951, Darvas trained with his
half-sister, Julia, to be a ballroom dancer, becoming extremely succesful
and touring the world by 1956.
He discovered investing in 1952, when a Toronto nightclub, unable to pay
him in cash, instead paid him with shares.
It was on a two-year tour of the world that he initially developed his
`Darvas Box' method of screening stocks - a method of picking stocks based
on the stock's price and volume - and later went on to refine this to
remove any human element from his trading to susbtantial success.
Nicolas Darvas is regarded as one of the best traders in the history of the
market and his method, whilst complicated and difficult to master, has been
rigorously tested and has been found to be one of the best trading systems
yet developed.
--This text refers to the
Hardcover
edition.
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Customer Reviews
Most Helpful Customer Reviews
18 of 18 people found the following review helpful
Format:Hardcover
Nicolas Darvas was a professional dancer who became interested in the stock market. Because his professional job meant he travelled the world he became reliant on information that was mailed to him. He would scour Barrons Weekly for stocks with unusal volumes and when they 'broke out' of their 'box', he would buy.
His technique was in essence a breakout strategy, buying when levels of resistance became levels of support.
For me, the book delivered 3 very important lessons.
1. You need to develop your own system through trial and error and hard work
2. Scaling into positions is key (and an incredibly tough skill to master)
3. If you find a successful formula, stick with it and reap its rewards.
If you want to know the technical details of the 'Darvas Box' method, then you are probably better off searching the internet for free information - In fact you can download the Darvas box method for Tradestation (for free) and use it in your trading, however if you enjoy a well written success story that reinforces (or introduces) some basic tenets of trading, then buy this book.
His technique was in essence a breakout strategy, buying when levels of resistance became levels of support.
For me, the book delivered 3 very important lessons.
1. You need to develop your own system through trial and error and hard work
2. Scaling into positions is key (and an incredibly tough skill to master)
3. If you find a successful formula, stick with it and reap its rewards.
If you want to know the technical details of the 'Darvas Box' method, then you are probably better off searching the internet for free information - In fact you can download the Darvas box method for Tradestation (for free) and use it in your trading, however if you enjoy a well written success story that reinforces (or introduces) some basic tenets of trading, then buy this book.
5 of 5 people found the following review helpful
Format:Paperback
This book details the trades of an investor/trader who turned a small stake into $2 million in 18 months. As with most successful investor/traders he survived years of failure before developing a system and the discipline to adhere to that system which would make him rich. This is NOT your typical "I get rich by selling the book" publication. This is real, and readable.
4 of 4 people found the following review helpful
Format:Paperback
If one looks at the biggest winners of the past several decades, one finds that practically all show the same "chart behavior" that he writes about in his book. Learn from the past. A word of caution to value-oriented investors: This will probably be a waste of your time. But for the person who naturally gravitates to growth stocks, and who doesn't shy away from a stock due to its high valuation, this is second only to William J. O'Neil's "How to Make Money in Stocks" as the best book written on how to use charts to limit risk, yet expose yourself to each year's big winners.
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Most Recent Customer Reviews
Great book
I enjoyed this book a lot, it is well written and an easy read, it details the author's life and experiences, frustration and ecstasy. Read more
Published 6 months ago by Gabe
Well past the sell by date
Not worth the money, just sets out a strategy of investing when a stock moves up a trading range, with stop losses against the risk of getting momentum calls wrong, but without any... Read more
Published 7 months ago by LaughingMagpie
Good read and very interesting
I read this book in 2 days as i trade myself and heard it was a worty read. Its more of a fun story book where you learn exactly the kind of work and effort involved to be a true... Read more
Published 23 months ago by Shanetrader
Good experiences to learn from
I read this book in 1 night. It must be very well written since it gripped me since i picked it up. Read more
Published on 25 Mar 2010 by Rob
Question marks about Darvas's story
This book is very short on detail, and there are question marks about Darvas's story.
Darvas explains in a very simplified manner how he made his trades and the profits from... Read more
Darvas explains in a very simplified manner how he made his trades and the profits from... Read more
Published on 17 Mar 2010 by Sharp Trader
Great book
It is just so interesting to read how Darvas started in stock market investing. First, he was clueless about the stock market so he was asking others for hot tips. Read more
Published on 15 Nov 2009 by Mariusz Skonieczny
How to Avoid the Usual Mistakes of Trading
The delightful thing about this book is that it is so human. Nicolas Darvas is often reported as a dancer with little knowledge of the stock market or finance in general who... Read more
Published on 1 Oct 2008 by Jean Michel
Still works like a gem today!
This is a truly great book! I had been aware of the importance of having a trading system to "protect" you against the emotions of stock trading for a while now. Read more
Published on 2 Dec 2004 by Dr. Alexander Chambers
A 1950's system that made $2million in 18 months still works
This is a truly great book! I had been aware of the importance of having a trading system to "protect" you against the emotions of stock trading for a while now. Read more
Published on 2 Dec 2004 by Dr. Alexander Chambers
Considered a classic & worth it
This book teaches not only about Darvas method of trading but its storytelling aspect makes it both easy to read and gripping. Read more
Published on 5 Jan 2001 by thalys1@hotmail.com
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