You Can Still Make It In The Market by Nicolas Darvas (the author of How I Made $2,000,000 In The Stock Market) Reviews

Review by Steve Burns for You Can Still Make It In The Market by Nicolas Darvas (the author of How I Made $2,000,000 In The Stock Market)
Rating:
I am so glad this book is back in print, I bought my copy for over $150 last year in very poor condition, and have never regretted it. Nicolas Darvas is one of the greatest stock traders to ever live by measuring his results. This is the very little known about, 3rd book of the legendary stock trader who made $2.4 million dollars in the stock market in 18 months in the sixties bull market. His first two books are still in print and I strongly urge you buy, read and study both of them. I made a 20% return in one month following his principles during the 2007 bull market. All my best trades have been using his system of price strength and pschology. This book was written in 1976 after he had experienced a long bear market. (He kept all of his bull market profits).

This book introduces his Dar*Card, which is a chart of separate price boxes representing the range a stock was trading at in different time periods. The system is to buy a stock the 2nd time it breaks above a price range to a new high. (Preferably an all time high) but a 52 week high can also be used when a stock is recovering from a bear market. The stock also must have increased trading volume and be on a long term uptrend. Also the “Darvas” stock should be in a new cutting edge field where investors earnings expectations are running very high for the future.

Darvas did not invest in blue chip stocks or stocks that were to big to grow. He looked for stocks that could be the future big cap stock that would change the way we did things. He was interested primarily in price action and did not care as much about why a stock was going up only that it was making him money. His money management consisted of stop losses set at the top of the old price box that the stock broke out of. He also set buy-stops to buy stocks when the broke out of price boxes. He advised shorting stocks when they fell through the bottom of the established price range. He was a technical trading genius and in this book he briefly talks about how contrariness can do very well in the right market, buying when stocks are ridiculously low.

Excellent book, buy it and read it. It will pay you back the purchase price many times over.

Reply

Review by Jeff for You Can Still Make It In The Market by Nicolas Darvas (the author of How I Made $2,000,000 In The Stock Market)
Rating:
I have Darvas’s other two books How I made 2 Million Dollars In The Stock Market and Wall Street – The Other Las Vegas. This is essentially a rehash of the concepts and rules that have already been presented. One notable exception is that the rule that a stock be at a historical high has been tossed out.

His earlier works were entertaining reads and I suppose had some fairly good ideas. I studied them and made some trades based on his methods but eventually moved on to other ideas. If you research Darvas online you will find that 99% of the reviews are glowing – but there is some information out there that questions his success. I’m returning the book.

Reply

Review by R.W. Reagan for You Can Still Make It In The Market by Nicolas Darvas (the author of How I Made $2,000,000 In The Stock Market)
Rating:
Darvas is a true financial entertainer. I’m so glad this book was reprinted. The concept is simple and works if studied for a while. A must read after his first book.

Reply