How I Made $2 Million in the Stock Market: The Darvas ... (ISBN 1897597991)

All time greatest stock trading book:
How did a professional dancer start out with a few thousand dollars and a few years later end up with $2,000,000($13,000,000 adjusted for inflation), getting out of the market right before a bear market crushed the prices? Nick Darvas started out with no knowledge and learned from scratch going through the normal phases most go through. First gambling on stocks through tips, and random choice. After that not working he tried the value approach investing in companies with great balance sheets and P/E ratios versus other stocks. After all his frustration he just started buying companies that advanced in price and reached all time highs after forming solid price bases. This worked, he would place buy-stops on stocks for when they broke out of there boxes and would use trailing stops to allow them to run. He stayed away from rumors and the market while it was open and only bet on the winning stocks. I have made $1,000s when I have traded like Darvas. He is one of the models that William O'Neal used to build the IBD system which has been successful for numerous investors. Buy this book and use the mehtods, I have a a trading account that proves it works. Here are the main points of his system: 1). ALWAYS have a stop loss order in place when you buy stocks, about $1.50 to $2.00 under your purchase price, this safeguards you against the huge losses people experience in a bear market. 2). Watch unexpected volume surges in stocks that push the price up, this is a sign that other investors know something that you do not.You can partner with insiders and people in the know with out knowing what is really driving the price. 3). Never sell a stock that is rising in price.Only sell on declines. 4). Watch price boxes that develop in stocks, if a stock is trading at $66 to $70 for 6 months then suddenly goes to $72 it is likely the sign of a new price range box, buy at break outs. 5). Take emotion out of tading set your rules and follow them. 6). Stay away from the rumors and mob mentality of Wall Street, get your information from IBD weekly on Monday (darvas used Barron's)and daily quotes, everything else just leads to confusion. 7). Watch stock prices and go with the patterns you watch develop. 8). Look for the break away stocks that will make you rich, trade the stocks that are at their 52 week high if they are growth stocks and if they appear to be breaking new highs. Darvas has an entertaining writing style and gets to the point. 5 strong stars.

The logical evolution of Growth Momentum Stock Trading:
To the naysayers and the non-believers, this book is the convincing testament that it is unquestionably possible to BEAT THE STOCK MARKET without a single shred of doubt. Moreover, not only is it possible but also quite feasible for ANY TRADERS who are supremely discipline in their trading operations to achieve their wildest trading euphoria. If you identify yourselves as strong opponents of Efficient Market Hypothesis Theorists and Random Walkers and truly desire to knock out the stock market BIG in its own ring, you owe to yourselves to carefully read and study this book several times(at least three times).

Inspired my own trading and writing:
Having read every book I could find on all aspects of trading and investing, I have retained only seven books as lasting inspirations on my 'trading bookshelf'. This book is one of them, and it has also been one of the major inspirations behind the writing of my own stock trading book. If you ignore the 'old world' aspects -- i.e. his trading by 'telegram' -- you will find that the underlying trading lessons are timeless. Tony Loton -- author, DON'T LOSE MONEY! (in the Stock Markets)