An Interview with Nicolas Darvas

This book is a simple interview conducted in 1974 with the legendary trader Nicolas Darvas, author of "How I made $2 million in the stock market". Yes, this book is only 43 pages long. Yes, this is basically the same material from his first three books. However I am a successful trader and Nicolas Darvas is my main influence. His techniques allowed me to make a 25% average return trading from 2003 to 2007 and also enabled me to go to cash at the beginning of January of 2008 to lock in my profits. I will gladly pay $10 to read an interview with him that I had not read before. The fact that on page 15 he predicted that his methods would work even in the year 2000, was worth the price of the book. "And I am certain it will be the same going into the year 2000. It's all about riding huge waves of emotion to the maximum." His methods of buying the stocks making new highs with the best volume in the hottest sectors was the way to trade the late 90's bull market. Author Timothy Sykes of "An American Hedge Fund" made his own $2 million following Darvas's methods in the late nineties. Mr. Darvas's principles of buying break outs to new highs, using stop losses at support to limit downside, while using trailing stops to lock in profits as you let a stock run is the basis of all my successful trading systems. The book explains the basics of the Darvas system:Let your system dictate when you get out of a winning stock to avoid being anxious and excited. Realize that the stock market is a game. If you follow the markets rules you make money if you break them you lose money, the challenge is following the rules. The markets are simply human emotion reflected in dollars. It's not about logic, results, or mathematics, but emotion. You'll always find the simplest methods work the best, this is why Darvas and myself never really studied fancy technical analysis. It simply didn't make sense to him and never made sense to me. So WHY should a stock go up because of a cycle, wave, or stochastic line cross over etc.? The main determinant of the stocks trend is the total sum of the traders emotions of fear and greed which are reflected in price and volume. Gamblers are the people who buy and hope. Darvas traded big, buy ONLY when all the right elements pieced together. the key to managing risk is getting out with a small loss when you are wrong. The key to the Darvas system is to only trade in bull markets in new industries where there is a huge expectation for future profits.Trade where the hype is, and most stocks trade not on what they have done but on what people think they will do in the future. A Darvas stock is a leading, high priced active stock that can gain 100% in less than 6 months. The patterns to failure in the market is that traders are not dedicated to one method. They gamble on tips, advice, and in low priced stocks. They lack discipline to stick to one method and wait for the very best opportunities. I highly advise reading this and all three of the other books by Nicolas Darvas and following his principles in what ever your style of trading is, it will be the break through in your trading, it was in mine. The Darvas system could make you a millionaire trading in our next new hot industry in a new bull market.

Towards the end of this booklet the extremely anonymous Mr. Interviewer isasking "Nic" about the any change in method based on his latest " You can still make it in the Market" bookand Nic responds and goes on and on, but wait a minute: this very "secretive" (until now) interview was taken in 1974-yet the "previous" book mentioned was finished in 1976 and published first edition in 1977.Something is wrong or fake and the publisher comment (if any) will be welcome!

I am a Darvas fan. Otherwise I will give it one star.The book had only 43 pages and the real important part starts at page 7. So it is only 36 pages long. Of these 36 pages, the words have big font and double spaced.As for the content of the book, if you read a few of Darva's books, there is nothing new here.You only need 20 minutes to read it. Seriously.

I have bought 100's of financial book,most of them have a few page worth their price.This one is totally useless especially if your already read the other Darvas books.

No substance to the book, very short, riding off the fame of how I made 2 million in the stock market