Wall Street: The Other Las Vegas by Nicolas Darvas (The Author of How I Made $2,000,000 in the Stock Market)

I spent $150 on this book with no regrets. After reading over 70 books on stock trading and studying the greatest stock traders of all timen in my opinion Nicolas Darvas is the greatest stock trader who ever lived. No one that I am aware of ever made so much money in such a short amount of time with such a small starting point. Darvas started with a few $2,000 in stock, his 1st stock quadrupled in a few months. With in a few years of trial and error he had turned $8,000 into $100,000 then finished out his final 18 months turning that into $2.4 million dollars. He then removed his money from the market due to no stocks meeting his criteria and avoided the bear market of the early 60's. On his journey he never lost any of his own money, only losing previous winnings. I love this book and his previous one because he gives specifics, with dates and amounts of stocks he purchased and when he sold. His books are text books for stock traders. In this book he discusses how brokers and tip services make money off each generation of suckers in Wall Street and how to keep from being ripped off. I agree with his point that if your broker or the tip service were so great they would be following their own advice and making a killing in the market instead of working and selling you services and information for a few dollars. It is very important to be very careful in the Wall Street casino and not getted ripped off. This book goes into much more detail than his other book and explains exactly how to use his techno-fundamentalist system.His method of stock investment:TECHNICAL-Only buy stocks that have established solid price boxes and have moved through them consistently.Buy stocks that move into higher boxes on increased volume.Only buy stocks breaking into all time new highs after coming out of a previous solid price box.Set on stop buy orders to enable you to buy the stock as it breaks out of the box into the next one. This is where the big moves happen.FUNDAMENTAL-Trade stocks based on there capitalation. This will determine proper volume and price movement due to number of outstanding shares.Buy stocks in strong industry groups.Buy stocks that have the greatest expectations of future earnings.Even though this book has not been recommended by Willim O'Neal it is an excellent companion book for followers of the CAN SLIM method of stock trading. Darvas encourages us to bet on the fastest horse with the best record not to worry so much about the kind of hay it eats or spectators opinions. I have made $1,000's of dollars using these methods and you will to. This book is a jewel in the ocean of stock trading books.

Excellent read and well worth the time spent.

This book is no way near as good as the first. It is mostly the same material told in a less engaging way. He uses the metaphor of Wall Street as Roulette Game in a Casino which cheats it's clients. If you like Darvas's first book it is certainly worth reading to gain little insights on his method which youdon't get in the first. There a few new anecdotes and a chapter which explains his method but on the whole the book is not as amusing a read and lacks the freshness of the first, nor do I think it takes his story much farther than where the last ends. I would love to know what happened to Darvas in the late sixties and early seventies but not in this book.

This book is great but I think without a significant amount of previous investing knowledge it will be lost. A reader without a significant amount of investing knowledge may not be able to see the difference between this and lots of overly simplistic get rich quick ideas. Darvas provides a great treasure trove of information but you need to read with great attention. You need to read and re-read this to get out of it all the subtle detail he provides. I also believe you need to go beyond what he lays out in his books to understand the value of his points.I strongly recommend  Reminiscences of a Stock Operator (Wiley Investment Classics)  as one of the other books to read along with  How I Made $2,000,000 In The Stock Market  (the best of all Darvas' books in my opinion).

Nicholas Darius is the reason that I started investing. The original work how I made $2 million in the stock market was the catalyst for me to begin investing at a very young age. This work is a great addition to his other two books. I would highly recommend any investor or novice read this book. Following his methods gave me a model that made me financially independent. I wish I could shake his hand today I'm very grateful.

Great addition to "How I made $2,000,000 in the stock market" if you want to learn more about Darvas' method.Also contains plenty of timeless wisdom

A classic book very much worth the price. Nicolas Darvas describes his investing journey and gives the reader a clear opportunity to learn from his success. I wish more people will "get" his message.

This is the one that puts it all together. Good story too. This is THE... system! Simple to use, simple to put into practice.

I think Darvas was a genius, not just in trading, he was an artist, I read also all of his other books. Here he opens the eyes to those who believe buying stocks is a way to support the industry. In some case it may be, but in most cases it's just pure gambling, seen by people as more respectable than casinos. The reality is there is no difference and most people lose money because they don't know this, both now and as it was when he wrote the book, while who really makes the big money all the time, regardless of the market going up or down, is the brokers/croupiers who want you to keep buying and selling.It can help people to be more cautios of their actions when thinking of investing/gambling.

I guess this book must have been a bigger "shock" when it first came out, however, today when news is travelling so fast and almost nothing being "sacred", with banks and big corporations robbing people in day-light, this book may have lost it "revealing-ness".However, it is still a great read and if you are involved with trading at all, it is a definite must.

If you have read the previous book by this author don't bother with this one. It contains large chunks of the other book quoted verbatim and the rest of the book is irrelevant waffle. How the publisher had the cheek to publish this one I have no idea. Don't make my mistake and buy it.

I found this more helpful. It relates his strategy with greater clarity than his first book (How I made....) An easy, pleasurable and helpful read.

A follow up to "How I made $2m.." and is just as good and for me his system is as relevant today as decades ago. This repeats a lot of the last book but goes into more depth and I learnt a little more of his methods. It also deals with the authors concerns of certain practices at that time. The last book helped me enormously and paradoxically helped stop me losing money. I really enjoyed both. PB.