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Klim Dyachkov
Klim Dyachkov

How I Made $2,000,000 In The Stock Market: Now ...

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.

How I Made $2,000,000 in the Stock Market: Now ...


While he was touring the world, Darvas was also trading stocks. He wrote about his stock-picking strategy in the 1960 book, "How I Made $2,000,000 in the Stock Market." The book explains how he started with just under $37,000 and grew his account to more than $2.25 million in a three-year period.

Nicolas Darvas, the man who made $2, 000, 000 in the stock market in his spare time, shows you exactly how he answers the all-important question: "Which stocks are going to make money for me?" In this book, Darvas first portrays the market he knows so intimately - the gambling house with dealers on one side, winners on the other. He also shows how he places the odds in his favor and reduces the element of risk.

Nicholas Darvas made $2,000,000 in an 18-month period by trading stocks using this method in the 1950s, while he travelled the world for his dance tours. Based on this successful stint, he wrote a book, called How I Made $2,000,000 in the Stock Market. The approach is rather simple if one understands the basic rationale.

This is one of the most unique stories about a person that made a fortune in the stock market using a simple trading system that is still used today. This inspiring story will keep you reading until the end!

"After a few weeks of being without a single share, I decided to take a closer, clinical look at the situation. To understand it clearly, I made a comparison between the two markets. The bull market I saw as a sunny summer camp filled with powerful athletes, but I had to remember that some stocks were stronger than others. The bear market, the summer camp had changed to a hospital. The great majority of stocks were sick, but some were more sick than others. When the break came almost all of the stocks had been hurt or fractured. It was now a question of estimating how sick the stocks were, and how long their sickness would last. I reasoned that if a stock has fallen from $100 to $40, it will almost certainly not climb back up to the same high again for a long, long time. It was like an athlete with a badly injured leg, who would need a long period of recuperation before he could run and jump again as before.

His system was to wait until a stock broke out of a trading range (a box) on big volume,set a tight stop and he never went short.He also did fundamental research on the stocks he bought and looked for those making 52 week highs..Pretty simple stuff,which is ok.Lke a lot of people he made his money in a bull market. 041b061a72


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