Jan 10, 20 his main source of stock selection was barrons magazine. Download it once and read it on your kindle device, pc, phones or tablets. Nicholas darvas had made this money in a matter of two years. He was one half of the highest paid dance team in show business. But not easy, otherwise every fool would become a millionaire in the market. The dividend was 80 cents so his father must have paid only 16 cents for the stock. Nicolas darvas 19201977 was a dancer, selftaught investor and author. Darvas was not a stock market professional trading on inside information. This is not to say or imply though you need to be a supernatural genius to succeed in the market trading. Dancing with the charts or a story of incredible success.
How we made 18,000% in the stock market wiley trading read more. The bulk of the book is a discussion of the various trades the author made over about a 6 year time frame. Yet he was able to make himself a millionaire several. All you need is common sense street smarts, and people smarts, and book smarts, and market smarts. And sometimes investors not typically remembered as trend following traderswere exactly that.
Darvas documented his techniques in the book, how i made 2,000,000 in the stock market. Mar 08, 2018 a substantial chunk of one of the books is available free, as a pdf download, on the authors website, if you want a taste. Unknown to most trend following has endured for centuries. Darvas is still a dancer, because that is his profession. Nobody is born a professional trader with exact knowledge of how to enter trades and make profits. How this book came to be it was in the issue of may 25, 1959, that time magazine devoted almost a full page in its bu. At the age of 39, after accumulating his fortune, darvas documented his techniques in the book, how i made 2,000,000 in the stock market. It tells one of the most unusual success stories in the history of the stock market. Jun 29, 2015 the book describes his unique box system, which he used to buy and sell stocks. Full facsimile of the original edition, not reproduced with optical recognition software. The book describes his unique box system, which he used to buy and sell stocks. People come into trading from very different businesses.
I wanted to contribute to more traders learning about him and his trading philosophy. Reluctant to remain in hungary until either the nazis or the soviets took over, he fled at the age of 23 with a forged exit visa and fifty pounds sterling to stave off hunger in istanbul, turkey. I did not realize he had probably been holding his fathers stock for thirty five years. Success in this business is a gradual process that can be triggered purely accidentally. Hungarian by birth, nicolas darvas trained as an economist at the university of budapest. Darvas book remains a classic stock market text to this day.
How i made 2 million in the stock market swing trade systems for. His main source of stock selection was barrons magazine. Discussion in educational resources started by saltynuts, mar 8, 2018. Between price moving between areas and mean reversion, a trader can do well with a few thousand hours of screen time and a good brain. That stock shot up in value and he realized that there was a great deal of money to be made investing in stocks. Some readers will find that interesting, others will yawn. Yes, the darvis method is a form of trend following. How we made 18,000% in the stock market wiley trading.