Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.
To get the free app, enter your email address or mobile phone number.
How I Made $2,000,000 in the Stock Market Paperback – September 8, 2011
|New from||Used from|
Up to 50% off select books
Featured titles are up to 50% off for a limited time. See all titles
Frequently Bought Together
Customers Who Bought This Item Also Bought
This product is manufactured on demand using CD-R recordable media. Amazon.com's standard return policy will apply. --This text refers to an out of print or unavailable edition of this title.
About the Author
Top Customer Reviews
1. It's very readable.
The author describes his investing style as a narrative. It takes you through his investing evolution step-by-step, detailing his actual experiences. This made it very easy to follow, and also more real.
2. It emphasizes both technical and fundamental criteria.
This is critical to good investing. Both areas tell a story. This is the best book I've seen that details an investors journey through to discover that both matter, and integrate the two pictures.
3. It makes for a better system, in some ways, than Investor's Business Daily.
I noticed other reviews that noted the similarity between IBD and Darvas. While they are similar styles, there are some key differences. First, Darvas looks for companies that have a good high-growth STORY, but does not necessarily require the company to have high-growth earnings. He doesn't look at ROI, earnings growth rate, etc. (at least not in this book)
The potential advantage of this approach over IBD is that sometimes stock prices reflect earnings potential BEFORE actual earnings show up. Alternatively, sometimes stock prices reflect perceived earnings declines BEFORE the actual decline in earnings.
4. His system makes sense from a technical standpoint, but is actually harder to do than you might think.
I like his system because it's technically sound. For example, it emphasizes taking small losses and being patient for large gains (among many other things).
Don't be fooled, however . . . it's trickier to follow that you think. Not because his system doesn't work, but because it requires a lot more discipline that you might imagine.
In his main year of gains, he records investing in only a few stocks.Read more ›
Second, he was a genius! Lucky thing is, YOU don't have to be one to read this highly entertaining, readable book and use the techniques which Darvas intuited, pioneered and refined.
This is the book that stopped me from being terrified of the stock market. The method it uses is so sound and so brilliant that it reduces the risk of loss to an almost negligible level. And despite what some say, it works even in a bear market; in fact, Darvas made most of his money in a period that was historically considered to be a "baby bear" market. The difference is that, during a bull market, Darvas-worthy stocks show up ten times a week. During a bear market, one of these stocks may take six or eight months to show up.
Why do I say it works? I've tried it. The almost shameful secret here is that it's like being an Inside Trader without an inside trader's information. You can still cash in, though. Darvas's system catches stocks that are - in most cases inexplicably and with no accompanying news - suddenly experiencing heavy buying, driving them up powerfully to challenge and break through previous highs.
And why are these stocks doing this? Nobody knows. Why does a pharmaceutical company in business 13 years which has never been able to bring a drug to market, never made a profit, and is predicting worse earnings to come suddenly have people buying it more and more each day, its price running up steadily and strong, with absolutely no news out of the company? Who CARES? In fact, one of Darvas�s rules was to read absolutely NONE OF THE NEWS about the stock!Read more ›
It is a hilarious, amusing story and you enjoy reading it till the very end, when you suddenly come to realize you must have had missed something. This book gives you very little factual knowledge about the Darvas system. In fact, the author had to attach an explanatory appendix to the end of the book, trying to clarify some quite fuzzy concepts (AND referring to his second book!). Reading the rest of the reviews here reveals that many reviewers read this second book from the author that attempted to further clarify the method.
But what is the method? Volume action? Price action? It is a "techno-fundamentalist approach", without any further explanation of what fundamentals are actually considered. (He refers a lot to reading this and that in Barron's...but what?) What is an "Expensive-but-cheap, high velocity stock"? And what is really "techno" about it? His "boxes"? You never figure out how he picked the successful stocks to begin with ("It began to emerge from the swamp of sinking stocks like a beacon...Read more ›
Most Recent Customer Reviews
This is a book on how a amateur stock trader start his journey. In contrary to the norm of stock traders that time , he showed us what a professional trader should do to acheive... Read morePublished 3 days ago by Amazon Customer
Easy to read; good strategies provided one can be disciplined.Published 9 days ago by Ramesh K. Kapoor
This book was recommended by a friend, it's an ok read, if you're pretty advanced in market procedures and trading practices, might not find anything mind boggling. Read morePublished 21 days ago by samuel lozoya
This book is motivating and entertaining while also offers Darvas' philosophy on stock trading. However, it lacks the technical detail on the methode that he used.Published 1 month ago by Amazon Customer
THIS book is funnier-n-crap and a GREAT read. for 0.99 cents in Kindle format you CANNOT lose!!! He taught me some stuff I didn't know before and a different trading strategy. Read morePublished 1 month ago by Rick
This is a classic and some of the techniques i still use today.
it may sound too simple, but sometimes simple works. this is one of them. Read more
Great written, very detailed entire trading journey, unfortunately not much emphasize technical, mostly on trading psychology. Truly enjoyed and fun to read.Published 1 month ago by lucy Chen