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22 of 22 people found the following review helpful
4.0 out of 5 stars Proof that simple is best
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...
Published on 14 May 2008 by Future Futures Trader

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10 of 11 people found the following review helpful
1.0 out of 5 stars 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 each trade. The whole thing makes sense, but somehow doesn't add up - it all looks too easy. Following publication of the book, Darvas was investigated by the New York Attorney General, who...
Published on 17 Mar 2010 by Sharp Trader


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22 of 22 people found the following review helpful
4.0 out of 5 stars Proof that simple is best, 14 May 2008
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.
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5 of 5 people found the following review helpful
5.0 out of 5 stars Cutesy title - serious work, 28 Sep 1997
By A Customer
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.
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4 of 4 people found the following review helpful
5.0 out of 5 stars One of the top three stock market books I've read, 5 Sep 1998
By A Customer
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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10 of 11 people found the following review helpful
1.0 out of 5 stars Question marks about Darvas's story, 17 Mar 2010
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 each trade. The whole thing makes sense, but somehow doesn't add up - it all looks too easy. Following publication of the book, Darvas was investigated by the New York Attorney General, who concluded that he had only made $216,000 - see Wikipedia for full story.
For a much more realistic account of a trader's life read: Reminiscences of a Stock Operator
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3 of 3 people found the following review helpful
5.0 out of 5 stars Great book, 15 Nov 2009
By 
Mariusz Skonieczny "Author" (classicvalueinvestors com) - See all my reviews
(REAL NAME)   
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. Since they were all amateurs, these tips did not bring him much success. So he moved on to asking professionals for hot tips. To his surprise, they did not work either. Reading his story makes me laugh because people still keep doing this even though there is so much information available now on the stock market. All it takes is a trip to the bookstore. When Darvas was playing the stock market, he had to learn the hard way because of the lack of information.

After failing, he needed to learn how to think for himself. He developed a techno-fundamentalist theory where he decided to take a 20-year view. This did not mean he wanted to hold the stock for 20 years. It meant that the stocks had a bright future. This is just a fabulous story of a person who started with zero knowledge and built himself up to a successful operator. I recommend this book to any investor.

- Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market
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1 of 1 people found the following review helpful
5.0 out of 5 stars How to Avoid the Usual Mistakes of Trading, 1 Oct 2008
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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 turned $10,000 into $2million. What is left out was that he was an immigrant fleeing war torn Europe, where he had earned a degree in economics. Furthermore, he read a number of books on investing over a period of time as he moved from novice investor in 1952 towards a disciplined and knowledgeable trader in the late 1950s. In other words this was a person who knew a thing or two by the time he made his millions. The book tells his story from a personal viewpoint. He is open in admitting to all those kinds of mistakes that most investors and traders experience before they realise they need a system or they will lose all their capital. His system is harder to extract, since this is not a modern day "How to ...." type of book. However, its real value lies in highlighting the importance of developing a discipline to trading which is often lacking and of cutting out the typical mistakes.
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6 of 7 people found the following review helpful
5.0 out of 5 stars One of the Best Books Written on Stock Market Strategy, 18 Nov 1998
By A Customer
This is probably my favorite book on maneuvering in the stock market. If you read William O'neill's "How to make Money in Stocks", which is also excellent, you will find he uses and expands upon many of Darvas' principles. O'neill also lists it as one of his top ten must reads on the stock market. Darvas' rules for cutting losses have helped me to limit my losses from 2 to 5 percent on average. I have avoided some serious losses from time to time(some up to 75 percent) by using Darvas' principles and cutting my losses quickly and have avoided avery market downturn in the last two years. While everyone was in distress about the '98 bear market, I was comfortably on the sidelines with my funds in cash thanks to this wonderful book. If more stars were available to rate this book, I surely would have given them. By the way, they're out of print, but if you can get Darvas' other books, "Wall Street-The Other Las Vegas" and "You Can Still Make it the Market", these are other followups that are just as good as "How I Made $2,000,000" and will really drive the points of his methods home.
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2 of 2 people found the following review helpful
5.0 out of 5 stars Simple and Disciplined, 29 Oct 2012
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This book is not only a pleasant read, but it also emphasized one thing, discipline is the core of any investing strategy. Whilst in a different area, a lot of the Darvas Box theories have been adapted into modern investing theory.

To read the original text is interesting.

Cal
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2 of 2 people found the following review helpful
5.0 out of 5 stars Simple But Brilliant, 3 Jun 2012
By 
Nick Atherton - See all my reviews
(REAL NAME)   
How I Made $2,000,000 In The Stock Market by Nicolas Darvas, is undoubtedly my favourite trading book of all. Simple and brilliant.

Darvas was a professional dancer (which he never gave up) who taught himself to trade stocks during the late 1950s. Essentially Darvas was a resistance breakout trader (the Darvas Box) and the principles he discusses, which can be applied to any market, cover pretty much every aspect of successful trading as he recounts his journey from hopeless beginner to one of the most successful amateur traders in history.

Perhaps the 'resistance breakout' as a trading strategy is not quite as powerful as it used to be (though it still has merit), but that's not really the point of the book - its not meant to be a trading strategy manual. The key learnings from this book include; the importance of setting and adhering to your trading strategy rules, setting and keeping to stop losses, riding your winning positions (not taking profits too soon) and keeping a healthy distance from market noise i.e. - ignoring the financial press & broker tipping services etc.

Perhaps most amazingly Darvas amassed his fortune whilst all the while performing on tour in some of the furthest reaches of the world, relying only on simple telegrams to and from his broker with price data and trading instructions. Darvas makes a point of attributing much of his success to this separation from the market, allowing him to keep his focus.

It is a very short book, a very easy read and worth its weight in gold in my opinion.
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1 of 1 people found the following review helpful
5.0 out of 5 stars Beautifully condenses the advice of countless other books, 14 July 1998
By A Customer
Darvas frankly admits his initial ignorance of the market as he describes and analyses his initial failures and eventual success. His technique brings together advice you'll find scattered across many other less readable books, such as the use of points of resistance and support (his boxes)and simple fundamental analysis. Combining his method with the powerful online investing and research tools available on the Internet today has got to help make you some money.
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How I Made $2,000,000 in the Stock Market
How I Made $2,000,000 in the Stock Market by Nicolas Darvas (Paperback - 8 Sep 2011)
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