How I Made $2,000,000 in the Stock Market

Bought this one for my husband so could have his own copy. Love this book. Darvas was so clever and it’s such an easy read and logical method. My stocks have done so great, although I don’t automatically put trailing stop losses on them, but probably should. I HIGHLY RECOMMEND THIS BOOK, Read this book and buy the IBD (investors business Daily), took at leading industries and top stocks in IBD 50 that comes out on Sat and you’ll do great in the stock market.

This book recounts the author's trading experiences from the late 1950s to 1960. The first half of the book is almost all failure and I'm surprised he kept with it. However, he kept trying to pursue an early success he had on a fluke that doubled his money. Even 50 years later his eventual process of picking stocks makes sense and may work for people, but I'm not a trader and prefer the safer and more tame mutual funds for my investing. A couple of the points he makes that stood out for me was, don't read or listen to the Wall Street pundits. Whenever he did, he lost money. And two, don't take your broker's advice. That one may be a moot point with all the available low cost and no cost trading tools that are available today. By the way, that $2 Million in 1960 would be the equivalent of $16 Million today, all from 3 or 4 years of trading.

This book's title is a summary of its ending doing it injustice. A first hand description of this author's struggle in trading stocks and developing his own strategy. Covering a few years in the 1950s, it is admirable how at that time this one man with no training from anyone else was able to establish his own stocks trading strategy. All on his own he discovers support and resistance, range and trend, buy stop entries and stop loss exits. All tools and concepts that we take for granted in our day and age. He was also able to identify his trading psychology issues and device ways to handle them. Very enjoyable reading.

I very much enjoyed this short book, written with much humility where most are braggarts. Indeed, Darvas' humility seems to have been one of the keys of his success, his constant learning and analyzing his mistakes, taking a hard look at his track record. The second key is persistence, since he stuck with trading after such setbacks as would have scared off most sensible people. The third key, in my view, is the realization that he was "on his own", that nobody could teach him to find the proper path but himself, and in fact that it was good to remove himself from outside influence once his aproach was matured. My only regret is that the final key is left nearly undescribed: the "boxes" which allowed Darvas to develop such a good feel for his stocks. Perhaps it takes a dancer's eye to see them.

This weekend I had assigned myself the task of reading what many consider to be some trading classics, including this one by Darvas.First, let me get my criticisms out of the way:On this particular Kindle version, there appears to be many textual anomalies. They do not make it unreadable, but they are distracting.I don't believe Darvas fully divulges his stock picking strategy. Without that, a lot of the book was meaningless to me.Now the positives:I really was floored by how insightful this man was into trading, especially when it came to what I would consider a topic which resonates today: information overload. This man specifically regimented himself to only receiving updates through telegrams, and he was still able to trade the markets successfully. If this isn't a case against trading off CNBC, I don't know what is, and was very surprised to find this here. I found this to be worth the price of the kindle download alone.For me, it wasn't a huge negative to discover Darvas traded off price breakouts, and used a stop loss strategy. When I read the other negative reviews, you can almost read between the lines that they were expecting some secret potion, or something they haven't heard before that'd answer the question for them, and make them billionaires overnight. There is a basic principle in life about learning and it's this: Information you may read either supports and reinforces an existing belief, or may challenge and change a belief. HOWEVER, if it reinforces, it's actually better, because it means you're on the right track. If you are looking for a magic bullet, you are probably never going to find it. Don't be afraid to hear what you've heard before. If it's in a different voice or different experience, it is just further evidence you are doing the right thing.Takeaway:Two thumbs up on philosophical trading contentTwo thumbs up on the technical aspects of implementing tradesTwo small thumbs down on kindle versionTwo thumbs down on position sizing and pyramiding strategy (seemed very discretional)Two thumbs down for clarity on his stock screening methodology (wasn't clear how he picked stocks)

If you are an experienced trader/investor, start reading from the Box Pattern chapter, or maybe the chapter just it. Like Livermore's "Reminiscences..." book, bhis one is full of wisdom gained from experience, which was gained from bad judgement. I'm shocked that it took me this long to getting around to reading it. Making money is as simply as this: buy stocks that are rising. In other works buy high and sell higher.

This book was easy to read. I've gotten several books on trend following and this is by far the easiest to understand. A lot of others have all these "tips" and tricks and complicated graphs to help you purchase stocks at the exact right time with hours of studying. Nicholas Darvy takes you through his journey of dabbling in stocks and losing money to figuring out a simple strategy on how to get in/get out of a stock. It didn't take long to read this book and I'll probably read it over again. His strategy is not complicated.

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.

An interesting read. Some good advice here, but this guy did his trick in a 53% bull-market. The manuscript in this version is not great - a real 'screw you' attitude to the customer because there are obvious spelling mistakes and poor formatting. Get the PDF free elsewhere

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.

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.

The book is a detailed step by step breakdown of the dealing of Nicholas Darvas in the stock markets of NY and Canada.He agrees that stock market is a wild bull to tame but he somehow found out an unorthodox method to make it work. His findings are quite logical no matter how unorthodox they may seem to a stick market regular trader. Shows how the mind is the most powerful when it is calm and focussed.