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How I Made $2,000,000 in the Stock Market Paperback – March 29, 2011
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How did a world-famous dancer with no knowledge of the stock market, or of finance in general, make 2 million dollars in the stock market in 18 months starting with only $10,000? Darvas is legendary, and with good reason. Find out why.
This product is manufactured on demand using CD-R recordable media. Amazon.com's standard return policy will apply. --This text refers to an alternate Paperback edition.
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. 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 an alternate Paperback edition.
Top customer reviews
I am going to try to employ some of this methods to see if my results improve. Overall definitely a five star book.
Although there are some stocks that really behave that way, it is rudimentary in comparison with the range of patterns that stocks might make within support and resistance.Another contribution is just the evolution of his thinking which many traders make and so by reading it early.
However, him being a showman dancer, the story seems to good to be true. He seems to get into the best situation everytime, whether it is a short squeeze or an acquisition and so make it highly unlikely to be all factually true. Moreover, in wikipedia there is information regarding that there was an investigation into his brokerage accounts and could only find 200,000 in profits. Regardless of whether it is factually true, the three lessons mentioned are worth the price and time of reading the book.
I recommend this book for any beginner who would like to become a trader. The author tells us about the nuts and bolts, problems when someone just becomes a trader. He can easily be classified as been-there-done-that kind of example.
And remember, if he could achieve his goal by just using telegram, reading the quotation through newspaper and looking at hand-drawn charts half century ago, then there is no reason for us who live in this digital, internet era cannot achieve the same goal.
It took him five years to make his two million, and is inspiring to anyone who is self teaching themselves about the markets, since Darvas had no previous experience in finance. He worked for his money, and I'd recommend this book to anyone who's ready to work dor theirs too.
Most recent customer reviews
Also showed how important it is emotional control.
I highly recommend it!!!!