The Dancing Investor: How I Made $2 Million in the Stock Market
Nicolas Darvas's book is a bestseller, familiar to virtually every trader considering working in the stock market.
The invaluable nature of this work lies in its simple stock trading strategy, which requires no knowledge of economics or fundamental analysis.
It presents in accessible language a method for selecting the most attractive stocks and the specifics of stock trading.
The author reveals his own success story, describes the difficult path that preceded it, and outlines the fundamental principles on which his trading is based.
Thanks to these principles, Nicolas Darvas himself was able to earn $2 million in a single trade in 1959, which, adjusted for inflation, is approximately $30 million today.
Summary:
• Chapter 2 – Getting to know the New York Stock Exchange, first successes and finding a trading strategy.
• Chapter 3 – Opening Industry Groups and the Risk of Bankruptcy.
• Chapter 4 – Even the best theory does not always prove itself 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 the theories.
• Chapter 8 – Justifying Expectations and Making Big Earnings.
• Chapter 9 – The pernicious influence of the crowd and the sad consequences.
• Chapter 10 – Independent Trading as the Best Way to Make $2 Million.
Nicolas Darvas is a great example of how anyone can make money on the stock exchange. A man completely uninvolved in the stock market world managed to earn a decent fortune in just a few years and wrote a book about it.
Author's biography - http://time-forex.com/treyder/nikolos-darvas
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