Product Description

Nicolas Darvas, author of the phenomenal best-seller, How I Made $2,000,000 In The Stock Market, has devised a breakthrough system for charting the stock market. Called the DAR-CARD, it is easy to use end has the all-important ingredient that existing systems lack: DAR-CARD needs no interpretation. The philosopher's stone of the stock market, DAR-CARD converts data into profits. It eliminates confusing fluctuations and indicates the trend and the buy and sell points-the factors that matter if you want to make money. DAR-CARD is a compact, visual representation of Nicolas Darvas's system; a simple device to be carried in the pocket, to be checked against each day's closing prices. No bigger than a postcard, DAR-CARD contains its own built-in instructions and all the information necessary to make a decision on whether to buy, sell or hold. In addition to providing this unique tool for dealing with the stock market, Darvas offers straightforward advice on: when to buy; what shall I watch for; five ways to create favorable odds; how to detect a must sale; how long to hold a stock; pitfalls of switching; what to look for before taking action.

Product Details

• Amazon Sales Rank: #124391 in Books
• Published on: 2008-08-20
• Original language: English
• Number of items: 1
• Binding: Paperback
• 152 pages

Customer Reviews

The legendary Nicolas Darvas speaks
I am so glad this book is back in print, I bought my copy for over $150 last year in very poor condition, and have never regretted it. Nicolas Darvas is one of the greatest stock traders to ever live by measuring his results. This is the very little known about, 3rd book of the legendary stock trader who made $2.4 million dollars in the stock market in 18 months in the sixties bull market. His first two books are still in print and I strongly urge you buy, read and study both of them. I made a 20% return in one month following his principles during the 2007 bull market. All my best trades have been using his system of price strength and pschology. This book was written in 1976 after he had experienced a long bear market. (He kept all of his bull market profits).
This book introduces his Dar*Card, which is a chart of separate price boxes representing the range a stock was trading at in different time periods. The system is to buy a stock the 2nd time it breaks above a price range to a new high. (Preferably an all time high) but a 52 week high can also be used when a stock is recovering from a bear market. The stock also must have increased trading volume and be on a long term uptrend. Also the "Darvas" stock should be in a new cutting edge field where investors earnings expectations are running very high for the future.
Darvas did not invest in blue chip stocks or stocks that were to big to grow. He looked for stocks that could be the future big cap stock that would change the way we did things. He was interested primarily in price action and did not care as much about why a stock was going up only that it was making him money. His money management consisted of stop losses set at the top of the old price box that the stock broke out of. He also set buy-stops to buy stocks when the broke out of price boxes. He advised shorting stocks when they fell through the bottom of the established price range. He was a technical trading genius and in this book he briefly talks about how contrariness can do very well in the right market, buying when stocks are ridiculously low.
Excellent book, buy it and read it. It will pay you back the purchase price many times over.

A great book for the Bear Market of 2008 - 2009
Worth every penny. Get this book, it will save you a small fortune in geting trades wrong. Enjoy that this guy figured most of what an equity trader needs to know. Worth every penny. I nearly paid $200 for a hard back edition till I found this reprint. & Its an easy read too boot!

A Rerun
I have Darvas's other two books How I made 2 Million Dollars In The Stock Market and Wall Street - The Other Las Vegas. This is essentially a rehash of the concepts and rules that have already been presented. One notable exception is that the rule that a stock be at a historical high has been tossed out.
His earlier works were entertaining reads and I suppose had some fairly good ideas. I studied them and made some trades based on his methods but eventually moved on to other ideas. If you research Darvas online you will find that 99% of the reviews are glowing - but there is some information out there that questions his success. I'm returning the book.