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How I Made $2,000,000 In The Stock Market
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How I Made $2,000,000 In The Stock Market

4.21  ·  Rating details ·  4,734 ratings  ·  366 reviews
Annotation: 2009 reprint of 1960 edition. 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 ...more
Paperback, 197 pages
Published February 1st 2001 by Lyle Stuart (first published 1960)
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Average rating 4.21  · 
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 ·  4,734 ratings  ·  366 reviews


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Marco den Ouden
Aug 02, 2014 rated it it was amazing
I’d wanted to read this stock market classic for a long time but it is notoriously hard to find. Finally I bought it through a reseller on Amazon.com. The seller was in England and the book arrived in my mailbox a couple of weeks later. It was worth the wait!

What adds to the book’s appeal is that, unlike Jesse Livermore, Darvas was not a professional investor. He was a professional dancer. He and his dance partner Julia entertained at nightclubs around the world. And because he was not a profess
...more
John Delgado
Feb 14, 2015 rated it really liked it  ·  review of another edition
This book was recommended online as a good book for any novice traders/investors. I enjoyed the story and I wasn't expecting anything too technical and that's exactly what I got. This was a tale of a not so sophisticated investing who created a basic system to help him wisely invest his money to a level of 2 million. The biggest thing I took from this book was the importance of a stop loss order when in any trade.

It was an easy read and I think worth the read for anyone who is investing or trad
...more
Lee Spano
May 03, 2016 rated it it was amazing  ·  review of another edition
Darvas’ classic text explains his unique experiences in the American stock market in the 1950s. He explains in very readable terms how he made a small fortune in a relatively short period of time. He explains a simple approach, now known as the Darvas Box for entering and exiting the market. Many still use this approach today. However, there are a couple of cautionary points to remember. First, his method and results are subject to the state of the US stock market during the 1950s. At that time ...more
Wayne
Darvus takes us on a fast paced ride through the relatively short time that it took him to evolve from an absolute novice to someone who made $2M in the market. He keeps the pace of the book fast by writing in small succint paragraphs. As a result the book is a quick read, but for entertainment value it is great. The downside of his writing style and content length is that I took this book as more of a entertaining personal reflection rather than something that can be used fro immediate applicat ...more
Ste Ven
Sep 09, 2014 rated it it was amazing  ·  review of another edition
I was studying for the CPA exam at a local Starbucks. I met an old man who had a bag of books. The old man is a retired accounting & finance professor at Pepperdine University. He had his kindle with him and I was picking his favorite useful books. He marked this one as one of the must reads. So far, I have made only few hundred bucks speculating and buying derivatives. I have to read 200 more books about investing. This is just the beginning. Good luck and enjoy!
Justin Bartram
Jun 18, 2021 rated it liked it
A wonderful story of one very successful man's success but I had figured that it would go into more detail into the actual strategies that he utilized in his implementations.

Overall a great read for any trader as there are still gold mines of valuable information jam packed inside.
...more
Ryan
Sep 18, 2007 rated it it was amazing
deeeeaaaaaarrrrrrrrr rrrrrrrrrrrreeeeaaaaadddderrrrrrr!

holy shit you cockamamie pervert, it's so nice to see you've hung around for another week! yes, i've hung around for another week, another week indeed, and that can only mean one thing: my girlfriend still hasn't finished filing the court papaers yet! that bitch! don't believe her when she says i killed jesse, because she's a liar!

oh, i tease, i tease! one person who isn't a liar is nicholas darvas, an endlessly intriguing man who, as he tra
...more
Terry Kim
Mar 04, 2016 rated it it was amazing
As I finish this short, entertaining and astonishing self account of Nicolas Darvas career, I am lost for words...

Nicolas Darvas was an ordinary 'dancer' who in early 1950s received a payment for his dancing acts in company's stocks. This stock worth $3000 at the time turned into $10000 a few month later spiking the interest in the financial markets for Nicolas.

This book entails Nicolas journey of failure, struggle and ultimately legendary success where he makes over $2000000 in course of 6.5 y
...more
Ramaswamy
Jul 28, 2014 rated it liked it
As a part of a self imposed project to review 50 books in Finance, I read this book. Even though the book was well written, the message was too simple and can be expressed in four of five sentences. While everyone know these rules, none bother to follow them. That is the strength of this book since it demonstrates to you that by following simple, common sense rules one can make significant amount of money in Stock Market. I liked the way Mr.Darvas compares stocks to people. For example he says t ...more
Milan
Apr 18, 2013 rated it really liked it  ·  review of another edition
Shelves: non-fiction, markets
When I started Reading Nicolas Darvas's book I was expecting to learn something but I ended up learning something else. He was a dancer who started dabbling in the stock market and lost some money. He tried different strategies until he found the one which started working for him. He made $2 million dollars in less than 2 years. However, he spent 5 years to arrive at his method. The book is easy to understand and his method looks simple on paper, but would not be so easy to follow. The biggest l ...more
Coffee Store Guy
Aug 22, 2019 rated it did not like it
I did what this book said and put $20,000 dollars in the stock market. I ended up losing $19,580 dollars because the stock market crashed again (don't look it up, it happened). At least I still have $420 dollars.

nice.
...more
Siddharth
Its just, Meh. The story is enjoyable and traders can relate to some of the experiences which darvas goes through. Probably the only real advice here is to put a strict stoploss everytime u trade.. but other than that its just a fast paced tale of a guy who just got lucky!
Amith Guthi
May 18, 2015 rated it it was ok
Lacks technical stuff.
Jonathan Birnbaum
Oct 07, 2020 rated it really liked it
Surprisingly solid first hand account of a motivated man who developed an independent system to play the stock market. Darvas was a dancer who traveled the world, and relied upon telegrams from his brokers to see daily quotes. He eventually made 2M from a very little starting stake over a couple years, and recounts exactly how.

Key takeaways:

-must develop a system to trade
-Darvas developed his 'box theory' which draws boxes around stock price ranges. if a stock moves into a new higher range, he
...more
Saeed sobhani
Aug 09, 2021 rated it liked it
This book is a story of an amateur investor who turned $25,000 to $2million in less than two years. It’s an easy read, but the negative side of this book, in my opinion, is that it goes too deep into his trading details, which isn’t necessary. I recommend this book to everyone who wants to learn about the psychological aspects of the market. But I don’t consider this book helpful in terms of technical analysis because the approach he mentioned is only applicable to trending markets, not ranging ...more
Puneet Lahoty
This is a great read for someone interested in starting to invest in equities. Darvas highlights the mistakes he made as an investor and lays out the details of the investment methodology he developed, which largely depends on technical analysis

Techno Analysis: Study of stocks purely on its price action.

1) Box Theory, stock prices move in boxes. Pick the ones that show signs of moving on the upward box

2) Stop loss (constantly adjust stop loss to account for stocks moving back to their previous
...more
Landon Brixey
Sep 09, 2021 rated it really liked it  ·  review of another edition
Great book on trading. I can relate to the mistakes he made early on, and also with the challenges/limitations he faced trying to trade while maintaining a full time job. This was encouraging as he was able to find success despite these limitations.
Anurag
Mar 10, 2019 rated it it was amazing
Clear and concise read. Would be interesting to try the approach mentioned.
Kaveh
Jan 13, 2022 rated it it was amazing  ·  review of another edition
Shelves: re-read
Great book of the mindset of a swing-trader! It doesn't go in to any specifics, just covers the human mind - which in many cases is the biggest risk! ...more
Harsh Kahar
Aug 31, 2022 rated it it was amazing
Such a powerful book, changed my perspective towards stock market...
Highly recommend.
Angel Clare
Oct 29, 2020 rated it did not like it
Shelves: unreviewed
Overwhelmingly sad. A profoundly disturbing memoir of a sad, lonely man who has never had a personal relationship with anything but a stock (and, as he writes, those relationships only ever ended in disaster). The stock market and those that trade upon it are a greedy, inhuman cancer upon the earth—and this book proves it resoundingly.
Quang
Dec 06, 2018 rated it it was amazing
Don’t let the title fool you that this is a shallow book.
Jiliac
Aug 08, 2020 rated it it was amazing
Shelves: finance
What I love in this book is how the author is very upfront about all his failures. You can this all of his trial-and-error approach. He is always improving himself, correcting his approach. This is the first key point I'll remember from the book. The second one is to plan your losses ahead of time. This way you can immune yourself against your emotions. Apart from this two points, I'm not sure the technique he used would be doable today. Moreover, Darvas always talk of the "feeling" he got for s ...more
Liam Polkinghorne
Oct 21, 2020 rated it it was amazing
Engaging story of a stock trader and his evolution from trading on hunches and rumour to following advisory services and broker advice to synthesising all he learned in to developing his own trading system. He learned to let his winners run, had the conviction to continually invest larger sums of money as he made profits and acknowledged he was bound to be wrong half the time. It was a trend-following strategy (boxes, technical), focusing on stocks with positive earnings trend (stocks are the sl ...more
David
Jul 28, 2014 rated it really liked it
This was a great book by Darvas. Unlike most stock related books, this is written in a story driven manner. It is easy to follow and outlines the highs and lows of his life. It provides good insight into his philosophy of trading, techno-fundamentalist, and his attitude towards the market. Overall, I thoroughly enjoyed his book and will be taking certain aspects of his strategy but it looks like the same strategy would not translate well in the 21st century.

Pros:
Concise and easy to read
Provides
...more
Arvind Balasubramaniam
Sep 24, 2021 rated it it was ok
Shelves: trading
Essentially a combination of a trading log, a schedule of travel itenararies, some phonecalls, a peek into the emotions of a trader and doesn't really show any charts or TA. All you get from this is that when he listened to noise, he lost. When he overtraded, he underperformed. When he focused on the price, put his stops, pyramided in, he did well. Then again, it happened a couple of times so it's not really statistically valid. Kind of reminded me of Livermore's book but I found that a bit tedi ...more
Ben Scobie
May 29, 2017 rated it did not like it
Is there an equivalent of erotic novels for investing? Because this would fit it perfectly. How does this book have a 4 star rating? It's just a trashy novel about a guy winning and losing tens of thousands of dollars and ending up on top through plain luck. Survivorship bias at its finest. I give it a star because I found the description of sending cables overseas and dealing with brokers fascinating. ...more
Zeeshan
Dec 01, 2014 rated it really liked it
A fascinating read! Darvas takes you on his journey to stock market wealth. A novice, he learns by his mistakes and develops his own theory for investing. As he does not have any previous training on financial markets, he does not have any biases and that is why he could be so successful with his own unique method. One disappointing thing is that the book does not explain his method in detail.
Faisal Alarifi
Jan 21, 2019 rated it it was ok
It is a documentary of sorts, if there were any. He gives detailed schedules of stocks he bough and sold, with company names and prices. It feels like reading a journal rather than a book, I was hoping that it will provide more on the "advisory" aspect. Nevertheless, stock market gurus will enjoy it more than I did. ...more
Massey Pierce
Feb 02, 2015 rated it it was amazing
Simple, fun, and an informative read. You won't learn everything you need to know about the stock market through this book, but you'll learn some things and have a very entertaining read while you do it. ...more
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Nicolas Darvas was a world famous dancer, self-taught investor and a well-known author.

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Here at Goodreads World Headquarters, we tend to read a lot of books. Like, a lot a lot. And every December, as we finish up our...
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“I listened eagerly to what they had to say and religiously followed their tips. Whatever I was told to buy, I bought. It took me a long time to discover that this is one method that never works.” 2 likes
“There are no good or bad stocks, there are only rising and falling stocks.” 1 likes
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