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

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

2011 reprint of 1960 edition. Full facsimile of the original edition, not reproduced with Optical Recognition Software. Hungarian by birth, Nicolas Darvas trained as an economist at the University of Budapest. Reluctant to remain in Hungary until either the Nazis or the Soviets took over, he fled at the age of 23 with a forged exit visa and fifty pounds sterling to stave off hunger in Istanbul, Turkey. During his off hours as a dancer, he read some 200 books on the market and the great speculators, spending as much as eight hours a day studying.Darvas invested his money into a couple of stocks that had been hitting their 52-week high. He was utterly surprised that the stocks continued to rise and subsequently sold them to make a large profit. His main source of stock selection was Barron's Magazine. At the age of 39, after accumulating his fortune, Darvas documented his techniques in the book, How I Made 2,000,000 in the Stock Market. The book describes his unique Box System, which he used to buy and sell stocks. Darvas' book remains a classic stock market text to this day.

Darvas studied economics at the University of Budapest before immigrating to the United States. Darvas arrived in the United States in 1951 and trained as a ballroom dancer with his half-sister Julia, becoming immensely successful and toured the world by 1956. In 1952, he found investing when a Toronto nightclub, unable to pay him in cash, offered him stock instead. He devised his 'Darvas Box' method of screening stocks - a method of identifying stocks based on the stock's price and volume - while on a two-year globe tour, and later refined it to remove any human factor from his trading to substantial success. Nicolas Darvas is considered as one of the top traders in the history of the market, and his method has been carefully evaluated and determined to be one of the best trading systems ever invented, despite being intricate and difficult to master.

SKU	Unavailable
ISBN 13	9781617202902
ISBN 10	1617202908
Title	How I Made $2,000,000 in the Stock Market
Author	Nicolas Darvas
Condition	Unavailable
Binding Type	Paperback
Publisher	Wilder Publications
Year published	2011-03-04
Number of pages	124
Cover note	Book picture is for illustrative purposes only, actual binding, cover or edition may vary.