How I Made $2,000,000 in the Stock Market Paperback – May 28 2007
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About the Author
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. --This text refers to an alternate Paperback edition.
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Top Customer Reviews
Those mistakes would still be mistakes likely to cost an investor a lot of money. What he got right is much less important than what he got wrong.
Study the errors!!
neverthless, the system is valid, and, although the author didn't use it this way, it can be used to short stocks in bear markets, too, by selling weak stocks as they fall through the bottom of their boxes and placing buy stops just above the tops of new boxes.
the book does a good job of describing the system. in reading some of the negative reviews, i believe these people haven't quite grasped what darvas was trying to say. but it is all here.
Most recent customer reviews
This book is old, but what a classic. A lot of other classic authors and wealthy investors refer to this book and its subject. This is one book that has to be read several times. Read morePublished 6 months ago by Chisa
Whether you are an individual investor or someone who gives investment advice, this is a must-read. Out of the 100+ business and investing books I've read, this one is on the Top... Read morePublished 10 months ago by Gavin Radzick
After getting some great insights in The Perfect Trader: Learn How The Investing Legends Made Fortunes And How You Can Too(A great book by the way) it constently refers to Nicolas... Read morePublished 20 months ago by Alex Taylor
This book is amazing. I love it because it shows how he developed his trading system and make money with real examples. Read morePublished on Jan. 11 2014 by charles
I hestated to buy this book at first because it didn't seem too 'revelant' - Darvas was trading stocks back in the days of telegrams and newspaper quotes! Read morePublished on Sept. 16 2013 by kate
Marvel tell tale of a determined trader who went big and bold on trades through undulating learning curves to find his success.Published on Jan. 3 2013 by mario Dg