The Technical and Fundamental Rules of Nicolas Darvas
The Nicolas Darvas story is important for every stock investor. He has inspired traders for many generations throughout countless countries. He made his fortune without the help of computers, mobile phones, fax machines, CNBC, Bloomberg, or any of the technology we have today. He only had access to end-of-day data and a weekly copy of Barrons. Starting with an account of only $10000, Darvas amassed a fortune of over $2.2 million dollars. Putting this into context, these were 1959 dollars and would be equivalent to over $20 million dollars today. All of his trading decisions were made while he was traveling and dancing.
Nicolas Darvas developed a trading system that matched his personality, and became a student of the markets where he learned from his mistakes.
Trend Followers like Darvas prove that buying a stock when it’s high can be a profitable strategy.
Buying high and selling even higher is a very hard concept for most to fathom however after reading this short ebook you will see how plausible it is.
Like the trend trading strategies, the Darvas Box System stands the test of time.