Audiobook3 hours
How I Made $2,000,000 in the Stock Market
Written by Nicolas Darvas
Narrated by Jason McCoy
Rating: 4.5 out of 5 stars
4.5/5
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About this audiobook
Hungarian by birth, Nicolas Darvas trained as an economist at the University of Budapest. Reluctant to remain in Hungary until either the Nazis or the Soviets took over, he fled at the age of 23 with a forged exit visa and fifty pounds sterling to stave off hunger in Istanbul, Turkey. During his off hours as a dancer, he read some 200 books on the market and the great speculators, spending as much as eight hours a day studying.
Darvas invested his money into a couple of stocks that had been hitting their 52-week high. He was utterly surprised that the stocks continued to rise and subsequently sold them to make a large profit. His main source of stock selection was Barron's Magazine. At the age of 39, after accumulating his fortune, Darvas documented his techniques in the book, How I Made 2,000,000 in the Stock Market. The book describes his unique "Box System", which he used to buy and sell stocks. Darvas' book remains a classic stock market text to this day.
Darvas invested his money into a couple of stocks that had been hitting their 52-week high. He was utterly surprised that the stocks continued to rise and subsequently sold them to make a large profit. His main source of stock selection was Barron's Magazine. At the age of 39, after accumulating his fortune, Darvas documented his techniques in the book, How I Made 2,000,000 in the Stock Market. The book describes his unique "Box System", which he used to buy and sell stocks. Darvas' book remains a classic stock market text to this day.
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Reviews for How I Made $2,000,000 in the Stock Market
Rating: 4.544117647058823 out of 5 stars
4.5/5
136 ratings12 reviews
- Rating: 5 out of 5 stars5/53 thing I take from this book
1. Make investing Smart (know what you are doing) and boring ( trade only on opportunities)
2. Cut all news just focus on plain facts
3. Stop loss is the most important, ignore it and you are on the path of losing all1 person found this helpful
- Rating: 5 out of 5 stars5/5This book was really good .pointed out where i went wrong in the market made me realise the mistakes i make , this book totally worth it .
- Rating: 5 out of 5 stars5/5Good audiobook. Simple and clear explanation as to how he made the 2 million. Good story as well.
- Rating: 5 out of 5 stars5/5Great book. Found it off a recommendation. We all can resonate with the authors story starting out as retail trader, it’s very interesting how the author overcame obstacles on the way to making $2M (in 1954). He talks about his techniques and lessons he learned over the years that are still applicable to this day. This book also gave me new appreciation for stop orders.
- Rating: 5 out of 5 stars5/5Great book. I’ve experienced similar emotions as the Author while trading and I am happy to have learned his trading psychology method to dealing with these issues. This book also emphasizes on the importance of keeping a log book or trading journal of all your trades.
- Rating: 3 out of 5 stars3/5No real how to, he just bought and sold repeatedly.
- Rating: 5 out of 5 stars5/5This book, the man, the system he followed was so simple yet interesting. System are meant to be followed, do not listen to the noise surrounding the market, do your know simple yet proficient research and always-always follow the rules you have made. Never listen to the pandits around. A great and simple book every market participant must be reading.
- Rating: 4 out of 5 stars4/5Inspirational indeed. Motivation to enter into the market. great story
- Rating: 5 out of 5 stars5/5How he showed the experts can be wrong made it great!
- Rating: 4 out of 5 stars4/5No doubt an awesome achievement. The way it is read, however, it seems as though the author needs to eat some humble pie.
- Rating: 5 out of 5 stars5/5Great book to start trading career. Highly recommended to today’s retail traders
- Rating: 5 out of 5 stars5/5I felt it was very inspiring to make money through markets.