How I Made $2,000,000 In The Stock Market

How I Made $2,000,000 In The Stock Market
by Nicolas Darvas

How I Made $2,000,000 In The Stock Market
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Book Summary Information

Author: Nicolas Darvas
Edition: Paperback
Published: 2001-02-01
ISBN: 0818403969
Number of pages: 197
Publisher: Lyle Stuart

Book Reviews of How I Made $2,000,000 In The Stock Market

Book Review: Fun & Quick Read
Summary: 4 Stars

In review of How I Made 2,000,000 In the Stock Market, I found the book to be overall worth the read. The story is about a young professional dancer who happens to begin trading in the stock market during the early part of the twentieth century. The book goes over a lot of the lessons he learns, some of which are applicable today and some of which are not.

A few key items to keep in mind are:

1. Learn to take a profit
2. Minimize your losses
3. Think about utilizing Stop Loss Orders when you purchase a stock.
4. Buy only appreciating stocks, never depreciating.

The author develops what I call "box theory" throughout the book. This translates to the author following a stock for a given period of time and drawing a high and a low point in which he expects the stock to trade inside. Once the stock breaks the top of a box (into the low of a new box) he will buy the stock.

If anything, I would recommend this book for the very begining person who is interested in making trades inside of the market. It's a fun read and very short. It might be a little dated where as the Internet has GREATLY changed the way we trade and the extension of how many people can obtain information quickly compared to the author, but most of his thinking still holds true today.

Summary of How I Made $2,000,000 In The Stock Market

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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