“Long before the internet provided real-time stock quotes and online brokers offered instant fills, Nicolas Darvas managed to grow a $36,000 investment into more than $2.25 million in a three-year period. While on a worldwide dance tour in the 1950s, he relied solely on Barron’s, a weekly newspaper, and telegrams to his full-service broker to get quotes and place orders. Although Darvas developed his stock selection techniques many years ago and in a different investing environment, his strategy has withstood the test of time and is a tool that every modern day trader should consider adapting.” – Investopedia
If you are a stock trader, you need to read this amazing book How I Made 2,000,000 in the Stock Market by Nicholas Darvas on his trading styles and how he made 2.5 million dollars in span of three years. From making novice mistakes to taking astounding profits this book is quite a roller coaster.
I have used the below example of CARE ratings a stock listed on NSE and BSE to elucidate how Darvas’s box theory holds good in current times.
How Darvas used to identify a stock to trade
… Read the restI decided that if a usually inactive stock suddenly becomes