Wall Street The Other Las Vegas by Nicolas Darvas the author of How I Made $2000000 In The Stock Market eBook Nicolas Darvas
Download As PDF : Wall Street The Other Las Vegas by Nicolas Darvas the author of How I Made $2000000 In The Stock Market eBook Nicolas Darvas 
Nicolas Darvas, the man who made $2,000,000 in the stock market in his spare time, shows you exactly how he answers the all-important question "Which stocks are going to make money for me?" In this book, Darvas first portrays the market he knows so intimately - the gambling house with dealers on one side, winners on the other. He also shows how he places the odds in his favor and reduces the element of risk. This brilliant book reveals the treasury of methods Darvas developed to enable him to make - and keep - a fortune. Now you can learn what Nicolas Darvas knows How to pick stocks that are going to make money for you!
Wall Street The Other Las Vegas by Nicolas Darvas the author of How I Made $2000000 In The Stock Market eBook Nicolas Darvas
I spent $150 on this book with no regrets. After reading over 70 books on stock trading and studying the greatest stock traders of all timen in my opinion Nicolas Darvas is the greatest stock trader who ever lived. No one that I am aware of ever made so much money in such a short amount of time with such a small starting point. Darvas started with a few $2,000 in stock, his 1st stock quadrupled in a few months. With in a few years of trial and error he had turned $8,000 into $100,000 then finished out his final 18 months turning that into $2.4 million dollars. He then removed his money from the market due to no stocks meeting his criteria and avoided the bear market of the early 60's. On his journey he never lost any of his own money, only losing previous winnings.I love this book and his previous one because he gives specifics, with dates and amounts of stocks he purchased and when he sold. His books are text books for stock traders. In this book he discusses how brokers and tip services make money off each generation of suckers in Wall Street and how to keep from being ripped off. I agree with his point that if your broker or the tip service were so great they would be following their own advice and making a killing in the market instead of working and selling you services and information for a few dollars. It is very important to be very careful in the Wall Street casino and not getted ripped off.
This book goes into much more detail than his other book and explains exactly how to use his techno-fundamentalist system.
His method of stock investment:
TECHNICAL-
Only buy stocks that have established solid price boxes and have moved through them consistently.
Buy stocks that move into higher boxes on increased volume.
Only buy stocks breaking into all time new highs after coming out of a previous solid price box.
Set on stop buy orders to enable you to buy the stock as it breaks out of the box into the next one. This is where the big moves happen.
FUNDAMENTAL-
Trade stocks based on there capitalation. This will determine proper volume and price movement due to number of outstanding shares.
Buy stocks in strong industry groups.
Buy stocks that have the greatest expectations of future earnings.
Even though this book has not been recommended by Willim O'Neal it is an excellent companion book for followers of the CAN SLIM method of stock trading. Darvas encourages us to bet on the fastest horse with the best record not to worry so much about the kind of hay it eats or spectators opinions. I have made $1,000's of dollars using these methods and you will to. This book is a jewel in the ocean of stock trading books.
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Wall Street The Other Las Vegas by Nicolas Darvas the author of How I Made $2000000 In The Stock Market eBook Nicolas Darvas Reviews
This book is great but I think without a significant amount of previous investing knowledge it will be lost. A reader without a significant amount of investing knowledge may not be able to see the difference between this and lots of overly simplistic get rich quick ideas. Darvas provides a great treasure trove of information but you need to read with great attention. You need to read and re-read this to get out of it all the subtle detail he provides. I also believe you need to go beyond what he lays out in his books to understand the value of his points.
I strongly recommend Reminiscences of a Stock Operator (Wiley Investment Classics) as one of the other books to read along with How I Made $2,000,000 In The Stock Market (the best of all Darvas' books in my opinion).
I spent $150 on this book to buy it used before this new version was published,and I have no regrets about paying the $150. After reading over 85 books on stock trading and studying the greatest stock traders of all time, in my opinion Nicolas Darvas is the greatest stock trader who ever lived. No one that I am aware of ever made so much money in such a short amount of time with such a small starting point. Darvas started with only $2,000 in stock, his 1st stock quadrupled in a few months. With in a few years of trial and error he had turned $8,000 into $100,000 then finished out his final 18 months turning that into $2.4 million dollars (This is about 13 million adjusted for inflation). He then removed his money from the market due to no stocks meeting his criteria and avoided the bear market of the early 60's. On his journey he never lost any of his own money, only losing previous winnings.
I love this book and his previous one because he gives specifics, with dates and amounts of stocks he purchased and when he sold. His books are text books for trend followers and momentum traders. In this book he discusses how brokers and tip services make money off each generation of suckers in Wall Street and how to keep from being ripped off. I agree with his point that if your broker or the tip service were so great they would be following their own advice and making a killing in the market instead of working and selling you services and information for a few dollars. It is very important to be very careful in the Wall Street casino and not get ripped off.
This book goes into much more detail than his other book and explains exactly how to use his techno-fundamentalist system.
His method of stock investment
TECHNICAL-
Only buy stocks that have established solid price boxes and have moved through them consistently.
Buy stocks that move into higher boxes on increased volume.
Only buy stocks breaking into all time new highs after coming out of a previous solid price box.
Set on stop buy orders to enable you to buy the stock as it breaks out of the box into the next one. This is where the big moves happen.
FUNDAMENTAL-
Trade stocks in smaller companies with less outstanding shares. This will enable greater price appreciation based on supply and demand for the shares. Look for a greatly increased volume of trade and an increasing share price.
Buy stocks in strong industry groups.
Buy stocks that have the greatest expectations of future earnings.
Even though this book has not been recommended by Willim O'Neal and IBD, they did recommend Darvas's other book, "How I made $2,000,000 in the stock market". it is an excellent companion book for followers of the CAN SLIM method of stock trading. Darvas encourages us to bet on the fastest horse with the best record not to worry so much about the kind of hay it eats or spectators opinions. I made $8,000 in one month using these methods and you will to. This book is a jewel in the ocean of stock trading books.O DISCLAIMER Although Darvas's system can make you a fortune in the hottest stocks in the market or in a strong up trending bull market however you must stand aside in bear markets or range bound markets just like Darvas himself did and keep your profits.
Once I had read Darvis' first book, I knew I had to buy his other books as well. This "Las Vegas" book tells it just like it is . . . Wall Street is a casino, and playing the stock market is pure legalized gambling. That was a hard lesson for me fully embrace, and it took me half of the book to finally concede his point. I am a very patriotic, free-American Enterprise type of guy, and an O'Neil disciple. I wanted to believe that stock ownership was like mom and apple pie . . . owning part of the company . . . but Darvis cuts through that myth by explaining the price of a stock has nothing to do with the company and everything to do with supply and demand . . . what someone is willing to pay for a colorfully printed stock certificate. Darvis explains how to take the emotion out of trading and stick to the technical's which always trump the fundamentals. Darvis is very O'Neil-like in his stock buying principles, and his writing style is very entertaining.
I spent $150 on this book with no regrets. After reading over 70 books on stock trading and studying the greatest stock traders of all timen in my opinion Nicolas Darvas is the greatest stock trader who ever lived. No one that I am aware of ever made so much money in such a short amount of time with such a small starting point. Darvas started with a few $2,000 in stock, his 1st stock quadrupled in a few months. With in a few years of trial and error he had turned $8,000 into $100,000 then finished out his final 18 months turning that into $2.4 million dollars. He then removed his money from the market due to no stocks meeting his criteria and avoided the bear market of the early 60's. On his journey he never lost any of his own money, only losing previous winnings.
I love this book and his previous one because he gives specifics, with dates and amounts of stocks he purchased and when he sold. His books are text books for stock traders. In this book he discusses how brokers and tip services make money off each generation of suckers in Wall Street and how to keep from being ripped off. I agree with his point that if your broker or the tip service were so great they would be following their own advice and making a killing in the market instead of working and selling you services and information for a few dollars. It is very important to be very careful in the Wall Street casino and not getted ripped off.
This book goes into much more detail than his other book and explains exactly how to use his techno-fundamentalist system.
His method of stock investment
TECHNICAL-
Only buy stocks that have established solid price boxes and have moved through them consistently.
Buy stocks that move into higher boxes on increased volume.
Only buy stocks breaking into all time new highs after coming out of a previous solid price box.
Set on stop buy orders to enable you to buy the stock as it breaks out of the box into the next one. This is where the big moves happen.
FUNDAMENTAL-
Trade stocks based on there capitalation. This will determine proper volume and price movement due to number of outstanding shares.
Buy stocks in strong industry groups.
Buy stocks that have the greatest expectations of future earnings.
Even though this book has not been recommended by Willim O'Neal it is an excellent companion book for followers of the CAN SLIM method of stock trading. Darvas encourages us to bet on the fastest horse with the best record not to worry so much about the kind of hay it eats or spectators opinions. I have made $1,000's of dollars using these methods and you will to. This book is a jewel in the ocean of stock trading books.
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