How I Made Money Using the Nicolas Darvas System, Which Made Him $2,000,000 in the Stock Market

Solid trading information look at this book to see a detailed back test of the Darvis method in below mentioned book. The Universal Tactics of Successful Trend Trading: Finding Opportunity in Uncertainty delivers powerful and practical advice for the serious trend trader. Using the principles identified in The Universal Principles of Successful Trading, author Brent Penfold shows curious investors how to become a long-term winner with tried-and-true trend trading methodologies Or Would look at the undermentioned book on how to implement a stop loss to the technical analysis in this book. W. H.C. Bassetti StairStops Using John Magee's Basing Points to Ratchet Stops in Trends: Using John Magee's Basing Points to Ratchet Stops in Trends Describes a robust and powerful method for setting rising (or falling) stops in trends. Using wave analysis similar to Dow Theory it is a virtual algorithmic, but natural, method for trend following

Nicholas Darvas' book describes one man's journey from novice to master trader with details of his stock trading system and how it evolved. Steve Burns' commentary adds value and updates Darvas' ideas for the 21st century. Burns' nicely summarizes all of Nicholas Darvas' trading rules and variants in modern terminology. I found the entire work enjoyably written in a conversational style without technical jargon. Author Steve Burns documents his successful application of Darvas' rules-based trading system first published in 1960. It is the story of how Burns evolved over a 15-year period from a typical corporate employee with a 401k plan to a seasoned trader. In particular it highlights his success at keeping his trading profits as the 2003-2007 bull market ended by following Darvas' rules. Keeping what you have earned from the market eludes most non-professional traders and many pros as well, a fact first noted in print by none other than Jesse Livermore in his 1940 book How To Trade In Stocks The Livermore Formula for Combining Time Element and Price . The book is a valuable refresher on Darvas' simple yet powerful trading system. The method emphasizes 1) participation in bull markets and avoidance of bear markets; 2) trading only with the trend; 3) holding only a handful of the top high-growth stocks as they rise in price; 4) entry and exit on pre-determined stops; 5) riding winners and cutting losses; 6) ignoring news and fundamentals; and 7) willingness to sit on the sidelines when conditions are not favorable. Regarding item (7) the author notes that in choppy or bear markets one runs the danger of having the right method in the wrong market and suffering the consequences. Readers may have some difficulty putting the discussions of Nicholas Darvas' price-momentum trading system into context without having previously read Darvas' first book. There are no charts or graphics in Burns' book that might help the reader to understand the Darvas "box " terminology. The discussions of Darvas' philosophy are delivered from varied perspectives in each chapter such that readers from different backgrounds have multiple opportunities to understand the underlying concepts. I found this somewhat repetitive. The material is not cleanly separated by topic, for example advice for 401k investors is mixed with trading guidance and personal anecdotes. This does not diminish the value of the author's observations about how to succeed as a trader and what to avoid to minimize losses. The final chapter ("Rules") brings together all of Darvas' trading methodology and variations in one place. I know of no other publication that has done this. Among the ranks of market wizards nearly all are professional money managers. Nicholas Darvas stands apart as a dedicated individual trader who succeeded on his own merits by diligently studying market literature in his spare time, developing a system that fit his personality, and sticking to his rules. Author Steve Burns seems to be following in his footsteps. I rate this a 3-star book that is a worthwhile read for anyone interested in the markets (please see my rating system, below, to understand what a "3 Star" rating means). It will be particularly interesting for anyone who has studied the Darvas method and looked into this fascinating character's background. ----------- My Amazon Star Rating Scale: Five Stars=Outstanding! A Modern Classic; Four Stars=Excellent. High value content and/or very entertaining plus well-written; Three Stars=Good. Offers a new perspective or interesting subject matter or at least it's entertaining; Two Stars=Fair. Usually means did not meet expectations. One Star=Oops. Does not add value and/or poorly written. My objectives: fair, consistent, balanced ratings.

This is hardly a book..67 numbered pages..many of them with out a stitch of print...and the actual "book" starts on page 11!!! I cannot imagine it selling a copy in a bookstore..you could pick it up and finish it in 15 minutes. The content is a total ripoff. Want to know about Darvas? how about reading the original...you would be far better off. In addition the authors claim to success rest on the fact that he participated in his firms 401 plan and the companies stock took off. This is another story of a genius who found himself in a stock run simply by luck. My advice is to save your money...unfortunately you won't save much time by avoiding this read.

I would recommend this kindle book. I would have been disappointed if I had paid up and waited for the hard copy. The author does a nice job of going into the back story. I felt sometimes the author was repetitive, trying to lengthen the story. The chapters could have been shortened down to four or five, but I guess you wouldn't have much of a book. it was helpful reading about the authors personal account of his trading. I've learned to pay more attention to the account of others experiences.

This is a quick read for traders interested in applying Nicolas Darvas's system to 21st century trading. Steve Burns' own testimony of how he has used the Darvas box is inspiring confirmation that it works. His practical applications of the Darvas system will help you be a confident and successful trader. The last chapter - "Rules" - is gold. One thing I hoped for but didn't get was illustrations. If you are a visual learner that finds chart illustrations helpful, I would recommend doing some brief research on the Darvas box system so you can see what Burns is describing. (Gene Jennings, author of The God Robbers, Laughing With Sarah, and Timely Words)

Love the fact that the Author actually used the methods to succeed, encouraging its readers that opportunities still exist to turn our 401K's into something actually worth retiring on and not the measly gains buying and hoping that we are all used to now days. Most people have no clue what is really going on in their retirement accounts, trusting the so called fund managers to your life savings, collecting ridiculously high fees. Steve Burns helps the modern day Investor/Trader to navigate their own Financial Ships toward Retirement Freedom. After all if you why wait for your ship to come in, when you can send it out yourself. Thanks Todd T.

Read this if you are skeptical that Darvas approach can be used by other people. Otherwise it really doesn't add anything.

Quick, focused view of Vargas' trading method and how to apply it trading. Good to read about these methods from another traders view.

You get a Coles notes version of the book by darvas. Good insight but this was thoroughly explained in darvas' book. If you need a Coles notes version to shortcut your trading, you should not be trading. Barns has commentary on darvas' book which I think is better than this book.

Don't buy this book because then you'll know as much as me about trading and I'll lose my edge. An interesting variation on the Darvas method that works.

肝は、第9章。3ページの文章ですが、そこにダーバスシステムのテクニカル部分の要点がまとめられています。 今までわかったようなつもりでいて、わかっていなかった部分が幾つか発見できたのが収穫でした。 ちなみにダーバスシステムとは、素人投資家ニコラス・ダーバスを投資で大金持ちにしたシステムです。 内容は、銘柄の上昇トレンドに乗るトレンドフォロープレイ。 本業を別に持ち、場の開いている日中には場の情報に触れることの出来ないサラリーマンにこそおすすめの本です。 全部英語で書かれていますが、翻訳されていないのでしょうがない。 でも70ページ弱の薄い本なので、ナントカ読みこなせるでしょう。 薄い本であるだけでなく、要点部分は更に薄いのですが、そこに書かれていたノウハウは、 まさに宝島に眠る宝箱の在処を記す地図そのもの。その意味では買って損はないと思います。

I have read the original book of Nicolas Darvas and purchased this book at such a high price thinking that there would be some interesting examples and experiences. However, this book just summarises the book by Darvas. It is just 60 pages in total with hardly any good thing to teach. It should be priced not more than ₹100.

A near empty potboiler of a book. Adds nothing to understanding the Darvas method or how to update the theory.