You Can Still Make It In The Market

Description

"You Can Still Make It In The Market" is a book written by Nicolas Darvas, a dancer turned stock trader who achieved significant success in the stock market in the 1950s. Here are the details: 1. **Author**: Nicolas Darvas was a Hungarian dancer, known for his success as a self-taught stock trader. He documented his trading experiences and strategies in several books, including "You Can Still Make It In The Market." 2. **Publication Date**: The book was first published in 1977. 3. **Synopsis**: "You Can Still Make It In The Market" outlines Darvas's trading principles and techniques, which he developed through trial and error during his own trading career. The book is a blend of memoir and investment advice, offering insights into Darvas's personal journey to financial success and sharing practical strategies for navigating the stock market. 4. **Key Themes**: - Darvas Box Theory: One of the central concepts introduced in the book is the Darvas Box Theory, a method for identifying stocks with strong upward momentum. Darvas developed this theory based on his observations of price movements and volume patterns, using it to identify stocks that were likely to continue rising in price. - Technical Analysis: Darvas emphasizes the importance of technical analysis in stock trading, focusing on price and volume data rather than fundamental analysis. He discusses various technical indicators and chart patterns that he used to identify potential trading opportunities. - Discipline and Psychology: The book highlights the importance of discipline and psychological resilience in successful trading. Darvas discusses his own struggles with fear, greed, and impatience, and shares strategies for overcoming emotional biases and sticking to a trading plan. - Risk Management: Darvas emphasizes the importance of risk management in trading, advocating for the use of stop-loss orders and position sizing to protect capital and minimize losses. 5. **Writing Style**: "You Can Still Make It In The Market" is written in a conversational and accessible style, making complex trading concepts understandable for readers with varying levels of experience in the stock market. 6. **Audience**: The book is aimed at individual investors and traders interested in learning about Darvas's trading methodology and applying his principles to their own trading strategies. It is suitable for both novice and experienced traders looking to improve their trading skills and achieve consistent profits in the stock market. Overall, "You Can Still Make It In The Market" provides valuable insights into the trading mindset and techniques of Nicolas Darvas, offering readers practical guidance for navigating the stock market and achieving success as traders.