Wall Street

Copyright 2006 http://darvas-investing.chambers-media.com

Online Stock Market Trading Hi - let me introduce myself. My name is Alex Chambers. I'm a UK medical doctor who has an interest in the stock market. I use a system first invented by a dancer called Nicolas Darvas in the 1950's. He made $2,000,000 working part-time - whilst travelling round the world on a dancing tour.

It seems like every week Wall Street comes up with some new, exotic investment idea that puts your money at risk. Thankfully, traded funds (ETFs) are less volatile than individual stocks, cheaper than most mutual funds, and subject to minimal taxation. But how do you use this wonderful product to diversify your investments in today’ changing market

Stock Investing Course Why am I telling you this? Because his methods still work today. And they are deceptively simple to use. I used them to snag a lovely 120% gain on TZOO (NASDAQ) in 6 weeks in 2004 - using weekly data only and working my day job.

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Stock Market Game Nicolas Darvas was one half of a dancing team in the 1950's called Julia and Darvas. Dancing was his day (or night) job. His dance team was one of the highest paid dancing acts in the world and Nicolas Darvas was successful in almost everything he did - this includes playing championship table tennis and creating crossword puzzles.

This data signals a positive sign in the US market, taking in consideration the last major difficulties in the US market; housing, tighter credit, and turmoil on Wall Street in recent weeks, which caused a big wave of layoffs.

Stock Investing Game However, the stock market was his true love and it is this that really fascinates me about the guy. He was self-taught in the market but managed against all odds to accumulate a fortune, working part-time, of just over $2,000,000 in 18 months. Nicolas Darvas started from a stake of about $25,000 and made his fortune whilst travelling round the world on various dancing commitments.

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Journal Prime Rate Street Wall Darvas detailed his exploits and how he created his system in his classic 1963 text, "How I Made $2,000,000 in the Stock Market". It's a great read and I highly recommended it. Many investors regard the text as a classic. In it he provides an honest and open look at his experience from his naive start to his eventual success. He lays out, in great detail, exactly what he did and how foolish some of his actions were. Then he explains how he came to find success by focusing on the price and volume action of stocks.

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Stock Market News A key message of his strategy is as quoted as follows:

Stock Investing Basics "...My only sound reason for buying a stock is that it is rising in price. If that is happening, no other reason is required. If that is not happening, no other reason is worth considering..."

Stock Investing Software Sounds simple eh? The only other investor I know of before Darvas who used such a strategy was the legendary Jesse Livermore.

Stock Market Trading Also, remember that there was no internet in the 1950s and Darvas had to rely on outdated information in the form of a newspaper and daily telegrams on selected stocks to acquire information for his trading system. His broker mailed a copy of Barrons newspaper each week which contained weekly prices of stocks together with volumes for the week.

Stock Investing For Dummy Darvas used a top down approach to investing - he only watched stocks from futuristic industries. In the 50's these were credit card industries and the jet age. Darvas realised that the expectation of earnings was one of the greatest lures to raise stock prices higher, and together with the futuristic industry screen, these were the only fundamental factors used in his Darvas Trading System. Today all you have to do is log onto Yahoo.com, go to Finance, and all this information is free.

Stock Market Crash Once he had satisfied his requirements for fundamentals, he tracked technical data in the stock. He liked stocks that were:

Stock Investing Tip 1) At or near their all-time high

Stock Market Chart 2) Bouncing up and down in their "Darvas Boxes" (trading ranges - see below)

Online Stock Investing 3) Had "Boxes" stacked on-top of each other like a pyramid

Stock Market Crash Of 4) Showing an increase in volume with advancing prices

Stock Investing For Beginner 5) Priced greater than $10

Finance Journal Personal He used "Darvas Boxes" as a way of entering and exiting stock positions. These are in essence a definition of a high and low trading range. A buy signal was created if the price just pushed through the top of a Darvas Box and the price reached a new all-time high. He used stop losses at the low of the trading ranges to protect the downside, and raised the stop loss as new higher boxes were formed. I believe Darvas was the first to use stop loss orders in such a way, and many financial institutions today still use Darvas Boxes as trading ranges, albeit on a smaller time scale.

Stock Market Report That's essentially it. The story is utterly remarkable and has placed Darvas in the legends of investing history. If you're interested in more details and about how I use his system, please check out my website. All information is free.

Finance Investing Stock Market To your stock market success also, Alex Chambers

Wall Street Journal Com
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Stock Market Investing Advice Alex Chambers is a UK medical doctor who likes to buy & sell profitable shares. He also likes to go out dancing and lie around in bed, as well as enjoy the company of ladies.
http://darvas-investing.chambers-media.com

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