The Origin of Darvas Box Theory While traveling as a dancer in the 1950s, Darvas obtained copies of The Wall Street Journal and Barron's, but only used the listed stock prices to determine his. –Nicholas Darvas, “Wall Street: The Other Las Vegas” I am in Las Vegas for FreedomFest, “the world’s largest gathering of free minds.” Among our hundred-plus speakers and several thousand attendees are wealthy investors and top-performing money managers and investment writers, including Donald Smith, Alexander Green, Peter Schiff, Bert Dohmen, Chris Versace, David Norcom, Jack Reed and Adrian Day.
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20 members have voted
Nicolas Darvas Trading System
Probably not a good idea... especially if you get caught.
I would say it is only a bad idea if you get caught.
Probably not a good idea... especially if you get caught.
excerpt:
http://articles.latimes.com/1999/nov/17/news/mn-34537
Wow! She tried to make sure that she wouldn't have to share her Lottery winnings with her husband so she pulled that stunt and now he gets all of her Lottery Winnings. She is a prime example of a Smart Idiot. Hope she enjoys throwing away 25 years of a GOOD marriage for money she doesn't even get a penny of. {<:(
I asked this before, but if anyone has suggestions of financial instruments that accept in the tens or hundreds of millions of dollars with clearly defined rules, I'm all ears.
Look no farther than CNBC. The stock market has been a game for big players for over a hundred years and very often the player's expectation is positive. The simile was suggested in the book
Wall Street The Other Las Vegas by Nicholas Darvas. There are 7,000 stocks traded on American exchanges but I look at only the 2,000 most actively traded ones. I think I could place $100 Billion within three days.Edward O. Thorp, the same one who discovered advantage play in blackjack, became a hedge fund manager and realized a return of 20% a year using a strategy involving arbitrage. He describes this in his new book A Man For All Markets. With your mathematical skills I think you could do quite well with a little instruction and I would be willing to provide it.
I play the stock market with $100,000 chips and get good executions with market orders. I could play with $1,000,000 chips if I were willing to wait fifteen minutes for a fill. There are also block trading desks that large mutual funds use. Because of the size of my account I pay only $2 per trade commission regardless of the size of the trade.
There is a technique called short selling that isn't used by ordinary investors, but can be profitable when the market goes down. Jesse Livermore made $100 Million in the crash of October 1929 when other traders were losing their shirts. One advantage of stocks sold short is that you don't have to pay for them. All you need is margin money, which can be kept earning interest.
For smaller players there are stock options and futures contracts. These are highly leveraged investments offering large gains (or losses) with a small bet, but they are not so attractive for high rollers because of large commissions.
I have read all of the books on investments but fail to see how Warren Buffett could have made all of his money following his own advice, so all I can learn from Warren Buffett is that I can learn nothing from Warren Buffett.