How I Made $2,000,000 In The Stock Market

How I Made $2,000,000 In The Stock Market

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by Nicolas Darvas
     
 

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Annotation: 2009 reprint of 1960 edition. Hungarian by birth, Nicolas Darvas trained as an economist at the University of Budapest. 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. During his off hours as a dancer, he

Overview

Annotation: 2009 reprint of 1960 edition. Hungarian by birth, Nicolas Darvas trained as an economist at the University of Budapest. 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. During his off hours as a dancer, he read some 200 books on the market and the great speculators, spending as much as eight hours a day studying.Darvas ploughed his money into a couple of stocks that had been hitting their 52-week high. He was utterly surprised that the stocks continued to rise and subsequently sold them to make a large profit. His main source of stock selection was Barron's Magazine. 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. The book describes his unique "Box System", which he used to buy and sell stocks. Darvas' book remains a classic stock market text to this day.

Product Details

ISBN-13:
9780818403965
Publisher:
Kensington
Publication date:
02/28/2001
Edition description:
Reissue
Pages:
197
Product dimensions:
5.60(w) x 8.14(h) x 0.65(d)

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How I Made $2,000,000 in the Stock Market 4.1 out of 5 based on 0 ratings. 16 reviews.
Guest More than 1 year ago
It's gives good advice AND fun to read. I agree totally with the other 2 reviewers here. The use of the stoploss to limit losses is a key point the author makes. The author tells you to focus on a handful of good companies' stocks and just check their prices daily. Soon you get a 'feel' for the stock's behavior and many are predictable. Then you can play the ups & downs. I've done it myself and it works.
LOTONtech More than 1 year ago
Having read every book I could find on all aspects of trading and investing, I have retained only seven books as lasting inspirations on my 'trading bookshelf'. This book is one of them, and it has also been one of the major inspirations behind the writing of my own stock trading book. If you ignore the 'old world' aspects -- i.e. his trading by 'telegram' -- you will find that the underlying trading lessons are timeless.
Guest More than 1 year ago
This is one of my favorite Stock Trading books, alongside Nicholas Darvas's other book 'Wall Street, The Other Las Vegas'. Don't be put off by the fact that some of the information sounds dated (he traded by sending telegrams). The techniques are timeless.
Guest More than 1 year ago
I had heard about Nicolas Darvas and that he was a great trader but I was not sure about this book at first due to it's title, but after reading how I made $2,000,000 in the stock market I am happy to say it is well worth it. I use his method mixed with some more modern technical indicators (only one) that can be found on most charting programs to help confirm my trades. To sum it up this is a great read and you will learn a great and easy to understand method for buying and selling stocks.
Guest More than 1 year ago
Darvas would emphasize to others that this method is the way that worked for him and he makes no statement about what it can do for you. It is a great story. It is my basic inspiration. I should point out that several key areas are left vague and therefor up to you. What is 'good rythm'? When do you leave more room, or less room, to maneuvre? You can adopt his basic insight but the final specifics you will need to hammer out yourself. Good luck!
Guest More than 1 year ago
I was impressed that with his simple techniques, in the 1950's, he was actually able to make this money. One of his best pieces of advice: don't listen to advisory services, tips, or brokers. I summarized his rules and I keep them in a prominent place for easy reference. Similar to William O'Neil's CANSLIM method without modern tools like charts.
Anonymous More than 1 year ago
Surf2Sunset More than 1 year ago
if you are active or just starting out in the stock market and are interested in a successful trader's strategy in investing i would recommend this book.Some helpful tips and lessons from mistakes.
Anonymous More than 1 year ago
I loved this book. I've been trying out the strategy put forth in this book, along with some modern day chart reading skills, and my portfolio is definitely up due to it. Woohoo!
Anonymous More than 1 year ago
Highly Recommended - you must check it out!!
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