How I made $2000000 in the Stock Market by Nicholas Darvas

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How I made $2000000 in the Stock Market by Nicholas Darvas

Product description

How I Made $2,000,000 in the Stock Market by Nicholas Darvas is an engaging and inspirational ebook that chronicles the author's remarkable journey from being a dancer with no knowledge of the stock markets to becoming a millionaire through his unique investment approach. Written in a narrative style, Darvas tells the story of how, through trial and error, he developed the "Darvas Box" method, a technique that involves buying stocks that are breaking out to new highs on increasing volume and selling them when they fail to make new highs.

Darvas's story is not just about the financial strategies he employed but also about the discipline, research, and emotional control required to succeed in the stock market. He emphasizes the importance of setting stop-loss orders to minimize losses and the need to ignore market 'noise' that can lead to impulsive decisions.

The ebook is a mix of autobiography, trading diary, and a how-to guide, providing readers with insights into Darvas's thought process and the specific criteria he used to select stocks. Despite being first published in the 1960s, Darvas's approach and lessons on the psychological aspects of trading remain relevant for today's investors and traders.

"How I Made $2,000,000 in the Stock Market" is a motivational read for anyone interested in the stock market, offering practical advice and the encouraging message that with the right approach, discipline, and dedication, anyone can achieve success in investing.