![]() “If I make a mistake I admit it immediately and get out fast.” Darvas thinks his system is the height of conservatism. “I have no ego in the stock market,” he says. He bought in at 51, though he knew nothing about the company, and “I didn’t care what they made.” (They make hardwood flooring.) He sold out at 171 six weeks later. Suddenly, on 35,000 shares moved from 16 to 50. Basically, his approach is that of a chartist: he watches price and volume. Since he has to do trading from wherever he is dancing (he recently completed an Asian tour) he ignores tips, financial stories and brokers’ letters, has never been in a broker’s office. You can’t fight the tape, or the public.”ĭarvas’ system is tailored to his job. You have to find out what the public wants and go along with it. “In my dancing I know how to judge an audience,” he says. Instead of studying what Wall Street calls the fundamentals-price-earning ratios and dividends-he judges public enthusiasm, a method that works best in volatile markets. Monevman Darvas’ methods would raise the eyebrows of most Wall Streeters. 25, 1959: Nicolas Darvas in Time Magazine He is best known for his book, “ How I Made $2,000,000 in the Stock Market.”įrom Time Magazine Monday, May. Nicolas Darvas (1920–1977) was a dancer, self-taught investor and author. And sometimes investors not typically remembered as trend following traders– were exactly that. Unknown to most trend following has endured for centuries. How I Made $2,000,000 in the Stock Market by Nicolas Darvas ![]()
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