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The
Nicolas Darvas story is unique in that there is no mystery to how he made
his fortune. Unlike other theories put forward by so-called market gurus
there is no need to spend years unravelling the mystery of Darvas.
You can trade like Darvas today!
Simple, practical and logical is the best way to describe “The
Darvas Box Theory”.
Darvas’
story and his trading technique were described in his first book
How
I Made $2,000,000 In The Stock Market (1986, Lyle Stuart Kensington
Publishing, New York). His
method, like all good systems is simple and founded in logic. All that is
required is the discipline to follow it. Darvas’ discipline was
remarkable, this coupled with his ability to analyse himself as well as
the market was the root of his trading success. Through his self-analysis
he came to realize that “his ears were his worst enemy”; he was failing
because he was listening to the advice of others.
He made his fortune without the help of computers, mobile phones, fax
machines or any of the communications technology we have at our disposal
today, indeed he only had access to end-of-day data and a weekly copy of Barrons! All of his trading
decisions were made outside trading hours, not sitting watching a live
data screen all day. Starting with an account of only $10000, Darvas amassed a fortune of over $2.2 million dollars. This was in
1959 and would be equivalent to over $20 million dollars today.
Another
unique aspect of the Darvas story is that it is a true story, well
documented and authenticated at the time of his interview with Time
Magazine. Darvas did not have inside information or work within the
financial industry, nor was he some sort of financial whiz kid; in fact
he was one half of the world's highest paid ballroom dancing team.
 The
key to his success was that Darvas was always working on the ultimate
trading plan, incorporating risk management rules that would finally
lead him to build a small fortune within a few years. Few
individuals have the discipline of Nicolas Darvas so Pro Trader
has developed the Darvas Box Scanner that will find the Darvas
Boxes for you, with strict entry criteria as used by Nicolas Darvas.
This is NOT a simple box drawing tool, it is a powerful
application that scans every stock in the market to find potential
trades exhibiting the Darvas Box "signature". You are but a
mouse click away from trading with a PROVEN stock selection and
risk management system. Darvas' method guarantees that at least at
your entry point you are in a rising stock. All you have to do is manage
the risk by trailing your stop loss order; a simple yet very effective
technique. |
