Every so often we like to re-read classic investing books. One of my personal favorites is “How I Made Two Million Dollars in The Stock Market” by Nicolas Darvas. This is an excellent story about how the market really works. It illustrates how Darvas evolved as a trader.
Nicolas Darvas began like most of us with no idea on how the market functions. After several failures, he went through a severe period of introspection and began “learning” how the market worked.
Lesson 1: Focus On Strong Fundamentals
Lesson 2: Strong Technicals Matter
Lesson 3: Follow Rules
Lesson 4: Be Flexible
Check out some of our other recent posts:
- 10 Critical Rules for Investing
- Lesson 1: Don’t Be a Wall Street Fool
- Trading is Like War: Sun Tzu’s Advice for Wall Street