by Nicolas Darvas
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| List Price: | $7.99 |
| Amazon Price: | $7.99 & eligible for FREE Super Saver Shipping on orders over $25. |
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| Lowest New Price: | $4.72 |
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Product Description
How did a world-famous dancer with no knowledge of the stock market, or of finance in general, make 2 million dollars in the stock market in 18 months starting with only $10,000? Darvas is legendary, and with good reason. Find out why.
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Average Customer Review:
0 of 0 people found the following review helpful:
 Great first book to read if your interested in technical analysis, 2010-02-17
I'm a part time trader who utilizes mainly technical analysis to trade momentum stocks in a 1 week to 2 month time frame. This was one of the first books that got me interested in using technical analysis. I have recommended this book for all my friends interested in trading.
This book is a good primer for anyone interested in learning more about technical analysis.This book is not going to give you great fundamentals or teach you about technical analysis but gives you a good story on how Darvas improved his trading and made a tremendous amount of money.
0 of 0 people found the following review helpful:
Very entertaining, but don't try this at home!, 2010-02-05
"Box theories" and techno-fundamentalism aside, this book is an enjoyable ride through the swinging 1950s and 60s. Even if Darvas was successful, one has to imagine luck played some role. (He admittedly lost plenty before hitting it big with just a few choice picks.) In any case, some variables have changed (trading regulations) and others were always going to be risky (using margin heavily). On the other hand, getting up-to-date stock information nowadays would be A LOT easier, though surely Investor's Business Daily would be favored over Barron's.
None of this minimizes the readability of the book. Following Darvas as he dances around the world, reading his cryptic telegrams voyeuristically, wondering if many of the companies in which he invested are even still in business, all makes for a great read. And there *are* nuggets of wisdom ("Whenever a trade was successful I praised myself; when I lost, I blamed it on the broker"). But there is also a lot of ego and plenty of grey area ("I could 'feel' my stocks...It was a marvelous, unexplainable instinct").
All in all, one of the most fun investing books I have seen. In terms of rating this book, I think it depends on your expectations:
Expect an entertaining biography (and a fast read, at that) and you will be pleased.
Expect the secret to unlocking millions of dollars in stock market profits and you will be disappointed.
NOTE: The current edition for sale here is a reprint, through Martino Fine Books, who I have never heard of. Maybe best to just pick up a used copy.
0 of 0 people found the following review helpful:
Real world trading experience, 2010-02-04
For anyone genuinely interested in trading stock market this is a must read. Not because the author happened to make a lot of money in a short time, but because it gives real insight into what it takes to trade successfully in a very difficult environment that most fail at. It is a short read but manages to encapsulate the key aspects of technical analysis, trading psychology, devising and sticking rigidly to a trading plan and risk management. It shows the pitfalls by real experience of ignoring or mismanaging any of these aspects.
0 of 1 people found the following review helpful:
An amazing story..., 2010-01-25
...into how someone with no stock trading experience was able to develop a trading system and make it big. The pre-curser to breakout trading.
A great book!
If Nicolas Darvas can do it, so can you!!
2 of 2 people found the following review helpful:
 Disappointing book but interesting read, 2009-12-13
For those looking to find out the exact methods Nicolas Darvas used to obtain his $2 million, you will be disappointed. The title is what it is and a little misleading. The "How" part is more a play on words on what stock issues he traded and more of the faith he had in himself to hold onto his stocks. Basically Darvas looked for volume spikes and then sought strong fundamentals in stocks. His approach wasn't revolutionary other than trading ranges and buying breakouts.
It is an entertaining read no doubt but will leave experienced traders asking for more.
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