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

Media:	Paperback
Author:	Nicolas Darvas
Publisher:	Carol Publishing Corporation
Release date:	01 April, 1986
List price:	~~$12.95~~
Our price:	$9.71 that is 25% off!

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

Average rating: Stars

An excellent starter's guide to investing and studying stock price movements

Warren Buffet is richer, and Peter Lynch and George Soros are more well-known, but in terms of the capital gains he was able to make in a relatively short timespan (18 months), Nicolas Darvas is perhaps the greatest investor of all time.

That being said, this book shouldn't be taken at face value. It's very telling that the title is "How I Made 2 Million Dollars..." and not, "How YOU Can Make 2 Million Dollars." Neither this, nor any investing method should be trusted until you have had time to study it over time (I recommend developing an artificial portfolio over a period of several months, at least, using a spreadsheet and adjusting for commissions), and until you feel comfortable with it: Darvas' tales of his early losses should show just why that is the case. Another thing is that it is NOT based entirely on a price pattern in its methodology: Darvas was apparently blessed with some remarkable foresight into industries which had a high potential for future demand growth, which is what caused most of the spectacular upward trends he describes in the book. Unless you are able to analyze fundamental market characteristics in a similar manner, you may make some money, but you likely won't match his returns. He also noticed stocks that interested him by unusual surges in volume. Using Barron's or the Wall Street Journal, that would mean studying pages and pages of closing prices (with no charts) in order to qualitatively asses what the normal volume of a stock was...it sounds much more time-consuming than we might wish.

Still, the best thing that this book ever did for me was that it made me curious about what kind of profits a person could expect to make in the market. I decided to investigate this method (and I'm still doing that) to compare it against others, and hopefully it'll do the same for you.

How I Made 2,000,000 in the Stock Market - Nicolas Darvas

Book information applied LOST ME MONEY. Do not lose.

I'm sorry to write this review. The book never lived up to what was promised.

Nicolas Darvas - How I Made 2,000,000 in the Stock Market

Fun Little Book and Useful Too

My style of trading is not similar to Darvas' style, so I didn't learn too much to help me in that respect, but others might. His style closely resembles William O'Neil's CANSLIM trading system.

However, outside of his trading system, the book is well written and engaging. Darvas well conveys the problems with trading and many of the impediments to making money. I'm sure many of us will see something of ourselves in his mistakes, and thus be able to learn something. This is a great book for any beginning investor.

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