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T**T
Don’t come looking for a tutorial
The book starts off really promising and you feel you will really uncover the techniques he used to trade successfully. But it soon disappoints and becomes just a an account of events that led him to making his money. There is no teaching here after the initial early chapters and even those are just to use stop and buy orders effectively. It’s also set in a time prior to online digital trading so doesn’t relate to today. Disappointed
C**N
An entertaining story with serious lessons for the private investor.
Darvas’s name survives in Technical analysis with the pseudonymous ‘Darvas Box’ - simple Support & Resistance lines used by Darvas.However, this is not a book aboutTechnical Analysis. The key message is that an investor must have (1) a plan & style [Darvas’s is Growth/ Momentum]; (2) be disciplined in keeping to it: e.g. when you buy set a Stop Loss and ALWAYS keep to it; and (3) NEVER buy on tips, newspaper recommendations, etc.The story is entertaining; the serious message shows that some rules are perennial.
A**R
Books is fine, print isn’t the highest quality.
I ordered the paperback version.In general it’s fine and I’m happy enough for the price however the printing isn’t great so the words although clear have a slightly blurred edge.And not that it’s an issue but it’s a little larger than your normal book size (thinking a penguin classic) and more the size of a folded OS map.Good enough though, don’t regret ordering it.
M**D
Some good advice - poor formatting by publisher
An interesting read. Some good advice here, but this guy did his trick in a 53% bull-market. The manuscript in this version is not great - a real 'screw you' attitude to the customer because there are obvious spelling mistakes and poor formatting. Get the PDF free elsewhere
J**L
How to Avoid the Usual Mistakes of Trading
The delightful thing about this book is that it is so human. Nicolas Darvas is often reported as a dancer with little knowledge of the stock market or finance in general who turned $10,000 into $2million. What is left out was that he was an immigrant fleeing war torn Europe, where he had earned a degree in economics. Furthermore, he read a number of books on investing over a period of time as he moved from novice investor in 1952 towards a disciplined and knowledgeable trader in the late 1950s. In other words this was a person who knew a thing or two by the time he made his millions. The book tells his story from a personal viewpoint. He is open in admitting to all those kinds of mistakes that most investors and traders experience before they realise they need a system or they will lose all their capital. His system is harder to extract, since this is not a modern day "How to ...." type of book. However, its real value lies in highlighting the importance of developing a discipline to trading which is often lacking and of cutting out the typical mistakes.
P**M
The Best Book On Investing
Changed my investment philosophy completely and saved my career.
P**N
Woohoo
Fantastic read, makes total sense this guy was ahead of his time . Brilliant book no more to say really
J**E
Definitely worth a read.
Very interesting and insightful. I'm sceptical whether these methods would work today, but that doesn't detract from the quality of the book. Darvas is very thorough in his explanations, sometimes I would have to reread certain parts to remember all the details since there are lots of factors to consider. A worthy read for any new trader.
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