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

A very good book for traders,Darvas has explained all about his trades starting fom loosers to winners step by step. It includes traging psychology as well without a title called Trading psychology . A must read about his trading journey and this book is unique as all his major trades are detailed here wher you will not find in other books.

The story in Darvas' book was based many years ago but the theories he has described are very relevant today. In fact, the strategy he describes is not only very profitable in today's markets but also a lot easier than Darvas would have found it as we can now use software and the internet to find the potential trades - a luxury he certainly didn't have.A very readable and interesting book - I can certainly relate to some of his early failures when he was trying to come up with a profitable strategy - lessons that anyone who trades stocks could learn from. And again - a strategy that works today!

Give a good insight into investing and the author presents their unusual approach well. More of a novel than a strategy guide with only minimal description of the actual strategy followed.Read if you are interested in investing but don't expect it to teach you anything groundbreaking.

I see a lot of poor reviews claiming this book provides no value on a trading system, ypu should know that is not the purpose of the book. Once you have haines market experience, this book is absolute gold. The book teaches you about emotions and psychology in investing and all the mistakes that can be made that most with experience will relate to. New investors won't gain much from this book on first read, as i did kot years ago, but after gaining marker experience, this book is a classic reread every year!

I ordered the paperback version.In general it’s fine and I’m happy enough for the price however the printing isn’t great so the words although clear have a slightly blurred edge.And not that it’s an issue but it’s a little larger than your normal book size (thinking a penguin classic) and more the size of a folded OS map.Good enough though, don’t regret ordering it.

The delightful thing about this book is that it is so human. Nicolas Darvas is often reported as a dancer with little knowledge of the stock market or finance in general who turned $10,000 into $2million. What is left out was that he was an immigrant fleeing war torn Europe, where he had earned a degree in economics. Furthermore, he read a number of books on investing over a period of time as he moved from novice investor in 1952 towards a disciplined and knowledgeable trader in the late 1950s. In other words this was a person who knew a thing or two by the time he made his millions. The book tells his story from a personal viewpoint. He is open in admitting to all those kinds of mistakes that most investors and traders experience before they realise they need a system or they will lose all their capital. His system is harder to extract, since this is not a modern day "How to ...." type of book. However, its real value lies in highlighting the importance of developing a discipline to trading which is often lacking and of cutting out the typical mistakes.

Darvas’s name survives in Technical analysis with the pseudonymous ‘Darvas Box’ - simple Support & Resistance lines used by Darvas.However, this is not a book aboutTechnical Analysis. The key message is that an investor must have (1) a plan & style [Darvas’s is Growth/ Momentum]; (2) be disciplined in keeping to it: e.g. when you buy set a Stop Loss and ALWAYS keep to it; and (3) NEVER buy on tips, newspaper recommendations, etc.The story is entertaining; the serious message shows that some rules are perennial.

Short book but a good read. Most of the book is about his struggle to find a winning system combined with his career as a professional dancer. The golden nugget is hidden within and i have incoporated some of that in my trading system. Overall worth your time reading if you are a lmedium to longer term invester. Not a bk for short term traders.

Over the years I've bought 3 copies of this book. I've given away one as a gift.It details the story of Nicolas Darvas, a professional ballroom dancer who knew absolutely nothing about stocks. Even though he lived in New York City, the center of world finance, he did not even know a stock market existed!That's all I'll say because I don't want to spoil it for you. It's an amazing story, but also a true one.He was verified and interviewed by Time Magazine, who was skeptical of his claims.However I want to warn people that if they copy his methods, they probably won't achieve the same results. First, Darvas had nerves of steel. Second, alot more people know about this strategy so it's not as effective. However, some of the principles are timeless and it is a must read for beginner and intermediate investors and traders.

O livro conta as peripécias de um investidor amador nos mercados financeiros. Muito engraçado, não só pelo inesperado da situação como também pela informaçao técnica fornecida. É divertido de ler e muito instrutivo.

Why this book is great –1. It captures the journey of a trader from being a noob to an expert.2. It explains the mistakes made by novice investors and offers steps to overcome them.3. It talks about a special ‘Box Strategy’ which can be used in the present day stock market.4. It talks about a few very important tips to invest prudently.5. The writing style is smooth without any fancy words.6. It will teach you something about investing.The long version -This book was written by Nicholas Darvas, a self-taught trader who used a simple strategy to analyze the stock market and make money. It reads like an autobiography. The writing style of the author was also very smooth and was written in an easily understandable manner. He doesn't use any fancy words. The book's language was not hard, it was easy to read. The book chronicles his journey from being a novice trader, who learns his roots slowly and starts to understand the market. The book was filled with time-less wisdom, which still applies to the present-day stock market. He talks about some basic strategies for investing and tells you how to analyze stocks. The book also discusses the mistakes made by novice investors and provides strategies to overcome them. The author emphasizes on being a short-term trader, i.e., holding your position only for a few weeks. He says 'invest and forget' is a bad strategy. He talks about his own 'Box Strategy'. I saw many people in the reviews who said that this strategy was not clearly explained in the book. They are wrong, the author clearly explains what the strategy was.Box strategy is not very complicated. It's the present-day equivalent of ' Support and Resistance ' used in technical analysis. The author talks about "TechnoFundamentalism", a strategy where one combines technical analysis with fundamental analysis, in simple terms, checking the price fluctuations of a company along with also its book numbers, i.e., the balance sheet and income statement.One reading of this book can leave you with common sense that every investor should have. This was written over half a century ago, you may think the strategy is dated but it isn’t. The stock market is mysterious, and you can never tell how it’ll behave on any given day. All the stock market strategies that you encounter daily are all based on trial and error. There are many aspects one needs to take into consideration while testing a strategy. All you can do is try the strategy and see if it works for you.The book was great in giving you the journey of a trader who started off with zero skills and slowly used trial and error to iron out a strategy that helped him make money. Read the book to enjoy and learn from the man’s journey.P.S. – The copy I have was published by General Press. It had a few printing and grammatical mistakes. It can be a problem for few.

Recommend this book, interesting and well written. The delivery took over a month, but I was not in a rush so thumbs up anyway

Warum ich das Buch für jeden empfehlen würde, der schon mal länger an der Börse sein Kapital für sich arbeiten ließ?Weil Nicolas Darvas in diesem tollen Buch es schaffte, ein Trader-Leben zu beschreiben, das so vielen von uns allen gleicht. Man denkt, man hätte die ultimative Lösung, die finale Strategie - und schon knallt ein Trade oder eine Börsenphase dazwischen, die jeden Glauben daran vernichtet.Während andere danach loslassen und das Geld von der Börse abziehen, macht Nicolas Darvas exakt das, was das einzig Sinnvolle ist: Er macht weiter. Er entwickelt seine Strategie weiter und passt die verschiedenen, neuen Gegebenheiten an. Das ist für mich eines der Key-Takeaways aus diesem Buch.Der nächste Punkt, der sich bei jedem Trader unbedingt im Hinterkopf befinden sollte, ist seine Herangehensweise. Nicht der Stop Loss, sondern seine Devise, dass man nur eine Aktienauswahl im Blickfeld behält. Durch diese Vorselektion lernt man, die Muster zu lesen, die Aktien zu verstehen - und dann im richtigen Moment zu kaufen.Was ich mir des Weiteren daraus mitgenommen hab, ist, dass Events die großen Schlager sind. Pivotal News Points. Und diese können genau jene großen Schwünge auslösen, die Nicolas Darvas‘ Vermögen in die Höhe schraubte.Zu guter Letzt noch ein besonders wichtiges Learning aus dem Buch: Ein Geheimrezept seines Erfolgs sehe ich auch darin, dass er keinen Zugang zu Nachrichten hatte. Er war off line und das wirklich im wahrsten Sinne des Wortes. Sobald er on line war, zerschoss seine Rendite und er verlor beinahe alles. Doch sobald er wieder die Ruhe hatte, die Muster zu studieren, die Aktien fundamental und technisch zu studieren, ging es (wieder) bergauf.Zusammenfassend eine wirklich beeindruckende und sehr unterhaltsame Trader-Geschichte, die die Basisliteratur für jeden Investor darstellen sollte.