| View Larger Image | How I Made $2,000,000 in the Stock Market | Paperbackby Nicolas Darvas (Author), Nicholas Darvas (Author)
| List Price: | $8.95 | | | Available: | Usually ships in 24 hours |
| | Binding: | Paperback | | Publisher: | Classic Business Bookshelf | | Page Count: | 184 Pages | | Publication Date: | April 14, 2009 | | Sales Rank: | 28,820th |
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EDITORIAL REVIEWS |
Product Description
In Just 18 Months, Nicolas Darvas Turned $25,000 into Over $2 Million... This is How He Did It... ...and How You Can Do it Too! With just fifty pounds sterling to his name, at the age of 23, Nicolas Darvas fled his native Hungary using a forged exit visa, to escape the Nazis. A dancer by trade, he toured nightclubs and other venues, making a living as a performer. While on tour in 1952, a Toronto nightclub offered Darvas $3000 worth of stock in a Canadian mining company, instead of his normal cash payment. He accepted the offer, and within two months, made an $8000 profit. When this happened, Darvas became very interested in the stock market. Seeing the potential for easy money in the stock market, but realizing that his initial success was based on luck, over the next several years, Darvas became committed to conquering Wall Street. He read as much as he possibly could about the stock market. He analyzed company balance sheets, studied analyst forecasts, and read dozens of investment newsletters. This book is the result of that study, including how Darvas used his system to take a $25,000 investment and turn it into a $2.25 million fortune in just 18 months. Nicolas Darvas wasn't a professional stock trader. He was a dancer. Yet, his unique approach to stock trading, which allowed him to make money regardless of whether the market rose or fell, enabled him to make a fortune. Will this system work for you? Yes! Unlike most stock trading systems, Darvas' unique strategies work, regardless of the economy or other market conditions. In fact, thanks to modern day analysis tools, his system works as well today as it ever has. Every day, people make money in the stock market. You can too! |
CUSTOMER REVIEWS (Average Customer Rating: 4.0 based on 145 reviews)
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Good read and enlightening. by Clarence B. Johnson (Longwood, FL USA)  5 Stars
November 19, 2009
Very good value. Interesting insights to the markets of yesterday and useful pointers for todays investor and trader.
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Great introduction to the market, but use it as a stepping stone only.... by H. Jin (Melbourne, Australia)  4 Stars
October 31, 2009
For newcomers interested in share trading, Nicolas Darvas' account of his exploits in the stock market is highly recommended. While not containing anywhere near the level of technical detail of other books, 'How I Made 2 Million...' has several advantages for the beginner:
Firstly, Darvas himself is a financial "layman" (he was a dancer by profession), and therefore appreciates exactly how intimidating the financial markets can be for outsiders. Also, his language is very straightforward and easy to read; he explains his experiences in the market very clearly, never becoming bogged down in technical jargon or complicated formulae.
Even more importantly, during his initial forays into the stock market, he makes exactly the sorts of mistakes most new traders are guilty of: over-trading, impulse trading, reliance on rumours and tips, cutting his profits short, and spending every waking moment worrying about the slightest price movement. In fact, I'd almost suggest the first part of the book is the most important, as Darvas shows beginners (through his own errors) exactly what NOT to do.
As the book progresses, Darvas begins developing and refining his system. His method is a bit primitive by modern standards, but many of its principles remain sound; essentially, the Darvas Box is a simple form of Stage Analysis. Once again, Darvas shows newcomers through his own mistakes what not to do once you've had a few successes. He highlights the problems of over-confidence, believing you have a "feel" for the market, and trying to over-think things that are best kept simple. It's only once Darvas develops the discipline to stick with his system that the money comes rolling in.
As great as this book is, it is very important to emphasise, however, that this is not a substitute for a proper technical reference. Darvas' method is brilliant in its simplicity, but only touches the surface of technical analysis. To succeed in the market long-term, there are many more skills, techniques and indicators that need to be learnt. Please do not start to trade using only this book as a guide; rather, use it as a jumping off point for more detailed books by Stan Weinstein or (if you're Australian) Louise Bedford.
With the above proviso, I would strongly recommend this as an easy-to-understand introduction to those who have an interest in becoming traders.
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can be useful by T.L.Walker (Fayetteville, GA.)  3 Stars
October 18, 2009
I read this book and it was interesting. It is very much like Jesse livermores' approach of only buying on price increases. The approach is the same. I suggest that anyone who gets this book also get "jesse Livermore, worlds' greatest stock trader" by richard smitten and read that too.
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Classics by Tadas Talaikis (Europe) 5 Stars
September 28, 2009
Good book. One of series how ordinary (ok, in this case, almost ordinary) people understood how markets work and achieved great trading success. Darvas boxes are just one of break out strategies you can use even in today's markets.
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Fascinating Success Story by Khalfani Rushiddin (Atlanta, Georgia United States) 5 Stars
September 21, 2009
All in-depth analysis of the book's finer points aside, this VERY attractively titled book, "How I Made $2,000,000 In The Stock Market" is a Very exciting & true stock success story that will take your hopes and imagination soaring. Whether you're in it for Darvas' strategy (which, though there are some dated elements to it, i.e. telegrams, and fractional stock prices, it is still fundamentally a doable strategy); or, if you're just along for the literary ride, this sorta rags-to, definitely, read: Riches, book, is a Must purchase.
As I flip back through it's pages, what stands out to me most now, is how extensive and illustrative (yes, actual photos of his charts, And original Western Union telegrams, in black & white) his trading activity is proven and presented to the reader. And what's great is that even his ongoing Profit/Loss math that is well-placed throughout the book in basic facts and figures, doesn't take anything away from his otherwise suspense-fully fascinating story. They actual help maintain it's authenticity.
As one of my first reviews, I had to give a solid, 5 star, winning review for an even more amazing book, that I hope you'll eventually choose to enjoy as well.
Happy Reading,
Khalfani Rushiddin
[...]
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