How I Made $2,000,000 in the Stock Market

I'm new to investing and trading, I will admit it, I've been doing it for a few months now, and I started with only a thousand dollars, even though Darvas once said that if you don't have five thousand you shouldn't even step in--though I'd say that was probably because the cost of the commission made it so much more difficult. I've read this book four times, once out loud to my mother who has also opened an account, and used this strategy with William O'Neil's CANSLIM to start growing her retirement, already up five thousand from the twenty thousand account she opened. This book helped me spot stocks like FUQI at ten to fifteen, STEC at twenty. I had lost five hundred dollars of my thousand before I found this book and started reading it, with it, I was able to use it to catch the trend upwards on Borders Group and ALD from April to May which turned my five hundred into twelve hundred. Through a series of stocks, I'm up to nearly three thousand, I also put a little money in the account, about a hundred and twenty, for full disclosure, but this book is excellent. I understood it right off the bat, and along with William O'Neil, I have been very profitable. I bought fifty shares of STEC it up to thirty four, FUQI is up to twenty five and I bought a hundred shares of that. I'm up to nearly five thousand dollars. This small bull market has been doing me great, and I've been prospering in it, making sure to keep my stop losses reasonably close so not to give back all my profits. I have taken a lot of losses, nearly fifteen hundred dollars worth of losses, but I've always made that back with my winners. I was trading small cap until I had a good deal of money, and used to get stopped out at thirty five cents daily. This book should be required reading for anyone considering getting into stocks, its an uplifting story, its entertaining, its fun, it lets you get a good look into the work it takes to become very profitable in the stock market. The rules I come away from with this book are simple. 1: You're going to be wrong half the time if not more, so always make sure you cut your losses. 2: Only buy into rising stocks. 3: Use volume, new products, earning growth, and price to decide if the stock is about to move. 4: Never listen to the news or analysts, they're human and can be just as wrong as you, and their information is usually late and of no use. 5: Annual Reports and Company Records mean nothing about the companies future. I've used these rules and I plan to keep using these rules. This is an excelent book, and at 8.99,7.99, its too cheap not to buy.

The best thing about Darvas' book is the simplicity. Yes, he had a degree in economics and read lots of investing books. However, he makes it clear that none of this helped his success in the market. Darvas went through a lot of heartache before he became successful and fortunately he never gave up. That is a big lesson right there. But the basic point of his story is to eliminate the noise. And I believe that's even more important today as the noise is extremely amplified by social media and too much news. I've been investing for a few years and I also found I did better when I stopped reading too much stock information. There are too many analysts and pundits out there giving recommendations. Some reviewers are upset because they believe Darvas didn't reveal his "secret." His secret box formula is nothing more than support/resistance. It should be even simpler today if you learn how to read a stock chart. The only negative I have about this book is the title. Yes, Darvas made $2 million. However, he was putting a fortune into his stocks. At the beginning of his endeavor he was buying $20-50K worth of stocks in the 1950s, which is several times over the average annual salary of that time period. I'm not even close to the point of putting $50K into one stock today. The book is great and reinforces the most basic idea of stock investing--keep it simple. It can be difficult to keep it simple, but it must be done.

Nicolas Darvas' 'How I Made $2,000,000 in the Stock Market' is a timeless masterpiece that every investor, novice or experienced, should have in their library. Darvas' storytelling grips you from the start as he takes you on his remarkable journey from a dancer to a successful stock market trader. What sets this book apart is Darvas' unique approach to trading, blending elements of technical analysis with his own intuitive insights. His "box theory" is revolutionary and offers practical guidance for identifying winning stocks. Darvas doesn't just share his successes, but also candidly discusses his failures, providing invaluable lessons for readers. His emphasis on discipline, patience, and emotional control resonates deeply in today's volatile market. Whether you're looking to enhance your trading strategy or seeking inspiration, 'How I Made $2,000,000 in the Stock Market' is a must-read. Darvas' timeless wisdom continues to shape the way I approach investing, and I'm confident it will do the same for you.

Um dos melhores livros sobre relatos de casos de sucesso em investimento! A leitura é simples, direta e bem fluida, o Sr. Darvas vai direto ao ponto e detalha cada operação sua sem a enrolação costumeira que alguns traders apresentam para falar de sua história, tanto é que ele mostra de forma bem objetiva seus trades fracassados. O que chama atenção nesse livro é que apesar de ter se tornado um excelente trader, o autor não parece longe da dimensão humana: ele não foi uma máquina de fazer dinheiro ambulante, mas uma pessoa comum que persistiu na ideia de enriquecer no mercado de ações e conseguiu. Recomendo a leitura como hobby ou parte do processo de aprendizado, vale a pena!

libro storico che illustra una tecnica di investimento long only che può dare i suoi frutti e che rimane ad oggi ancora valida, lettura interessante e istruttiva.ottimo libro.

This book is very informative for a new trader. Presents the possibility for any person to become a trader or investor, as long as, you are willing to do some study, dedicate time and effort. Learn from your mistakes and keep learning with a realistic and positive attitude. I would recommend this book to anybody who wants to have some exposure to a great investment mind. Cheers

Excellent book, is a good read for anyone interested in stock markets.

Une histoire incroyable qui nous rappelle encore une fois les règles élémentaires du trading et l'importance de l'analyse technique ... validée d'un contrôle des fondamentaux. À lire sans aucun doute.