Investor-dancer. How I Made $2 Million in the Stock Market
The book by Nicholas Darvas is one of the superbestsellers, which almost every trader who decides to work in the stock market is familiar with.
The pricelessness of this work lies in the fact that it outlines a simple stock trading strategy that does not require knowledge of economics or fundamental analysis.
The methodology for selecting the most attractive shares and the features of stock trading on the stock exchange are presented in accessible language.
The author reveals to readers the story of his own success, describes the difficult path that preceded it and describes the basic principles on which his trading is based.
Thanks to these principles, Nicholas Darvas himself was able to earn $2 million in one transaction in 1959, which, taking into account inflation, is currently about $30 million.
Summary:
• Chapter 2 – Introduction to the New York Stock Exchange, first successes and search for a trading strategy.
• Chapter 3 – Starting industry groups and the risk of bankruptcy.
• Chapter 4 – Even the best theory does not always work out in practice.
• Chapter 5 – Telegrams are the best way to be the first to know the news.
• Chapter 6 – Market decline under bearish pressure.
• Chapter 7 – The first good news and confirmation of the correctness of theories.
• Chapter 8 – Living up to expectations and making big money.
• Chapter 9 – The harmful influence of the crowd and sad consequences.
• Chapter 10 – Self-trading as the best way to earn 2 million dollars.
Nicholas Darvas is an excellent example of the fact that anyone can make money on the stock exchange; a person completely far from the stock exchange world was able to earn a decent fortune in a few years and wrote a book about it.
Author's biography - http://time-forex.com/treyder/nikolos-darvas
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