Nicolas Darvas - as did $ 2 million in stock

Nicolas Darvas was a famous dancer of the new American world in the mid-1900. He also became famous for making $ 2 million in the stock market in less than two years with an initial investment of less than $ 20,000.

After making a profit in any stock of a Canadian mining company (which was bought by the owners of a local dance-Canadian), Darvas was engaged in search of easy money on the stock exchange.

Like many before him, Darvas was convinced that, after an initial profit, was a kind of natural born stock market speculator. But (again like many before him) Darvas loss after loss on the Canadian stock market after buying in and out of the market on the advice of brokers and newsletters unreliable.

Saying that the Canadian stock market was for small fish, has changed course for the New York Stock Exchange. Here (again) took the loss after loss, and buying off the market on the advice of brokers and newsletters. Always seemingly buying at the top - then we see a sharp retracement - and selling low.

Sick of buying on the high and low on the sale, and in a fit of desperation, Darvas plowed his money into a couple of titles that had been hit their 52 week high. It was absolutely surprised that stocks have continued to increase and then sold them to make a profit rare.

Darvas decide to regroup to assess this extraordinary event. It was here that Darvas came up with his plan for trading stocks that had to see him build a multi million-dollar fortune in just a couple of years.

From now on Darvas would execute his famous trading plan. Selected titles with new 52-week highs and suitable spikes in volume coupled with favorable fundamental company research.

This method also showed Darvas remarkable insights in the evolution of prices of stocks, often with signs of 'inside buying' before a release of favorable news to the public companies.

After accumulating his fortune, and also be exposed in Time magazine, Darvas was to document its actions in the book How I made 2 million on the stock market, which of course, worth a read, if you're interested in learning more about His techniques. Could it be the best $ 10 spent on your stock market investing education! ......