You can sign up for the full class (10 Webinars + Bonus resources) here: 👉 traderlion.com/historical-analysis-masterclass/ 👇 What you get in the full course! -------------------------------------------------------------------------------------------------------------------------------------------------------------- 10 Comprehensive Live Webinars covering Legendary Traders, Monster Stocks, and Market Cycles 230+ Page Textbook which culminates 20+ years of Research 460+ Slides compiling the material Special Guests: Hedge Fund Managers, United States Investing Champions 2 Bonus eBooks for every student ( How To Make Money In Stocks by O'Neil and Monster Stock Lessons by John)
It's fascinating how EVERY trader starts off with that one lucky trade picked randomly. Seeing how "easy it is" to quadruple your money is like the dopamine hit of a brand new drug. Then the drug wears off as you fail to repeat, but you keep chasing that high. Until finally it's not even about the high anymore. You just learn to appreciate the craft for what it is.
Darvas' first book is absolutely phenomenal. It is even funny! When he starts to invest and makes every mistake in the book and always proclaims that he knows what he is doing and great riches are just around the corner.
Timestamps 0:00 The Story of Nicolas Darvas 4:55 Darvas's Failures 8:00 Successes and making 2,000,000 17:37 Darvas's Best Stocks 18:18 Darvas's Strategy and Box Method 21:32 Best Quotes 22:55 Excerpts 28:00 Universal Controls Trade - Darvas Box Method
There are 2 important lessons in Darvas' book. One is his description of the mental and emotional journey he took in learning to trade. Every trader goes thru a similar learning experience, this book is a helpful guide or at least reassurance. The second lesson is his trading method, do not be dismissive, it seems simple but it works. If you are a technical trader at heart it will make sense to you, if you are a fundamentalist it won't, in that case it may be better to go elsewhere for lessons.
Darvas' book - always re-read it EVERY summer on vavaction along with Edwin Lefèvre book, Reminiscences of a Stock Operator. BTW, just out of curiosirty, how come John Boik doesn't mention any trades from 1962 to 1973? That's an 11 year gap.... Did Darvas stop trading??
A dancer buys few stocks that are at all time high, holds them as long as they are going up , uses a trailing stop and makes lots of money. Totally opposite of a day-trader scalping options on 5 minute chart.
@@TraderLion Thanks Richard. I have the book and its been a few years since I last read it. But From Livermore to Darvas to Stan to Mark Minervini they really all share the same process. It's positive! Have a nice weekend.
It's definitely an impressive stock in history, but there are plenty of stocks making similar moves! NVDA up 325% since October, SMCI up 339% since January. Numerous stocks in 2020/21 had over 300% runs.
📘 Get your FREE 115-page Ultimate Trading Guide! - traderlion.com/YTC-UTG 👇 What you'll learn! -------------------------------------------------------------------------------------------------------------------------------------------------------------- Lesson 1: Build a sturdy trading foundation to overcome the biggest obstacles holding you back. Lesson 2: Master 3 powerful trading setups to adapt and thrive in various market conditions. Lesson 3: Efficiently screen and find top-performing stocks with strong momentum and high growth potential. Lesson 4: Establish a streamlined risk management strategy using stop losses, position sizing, and portfolio heat analysis. Lesson 5: Optimize selling decisions by identifying late-stage bases or key trend reversals by analyzing daily and weekly charts. Lesson 6: Sharpen your trading analysis and decision-making by integrating cutting-edge analytical tools and techniques. Lesson 7: How to establish and maintain routine weekly and daily trading practices to ensure consistent performance and continuous improvement.
You can sign up for the full class (10 Webinars + Bonus resources) here:
👉 traderlion.com/historical-analysis-masterclass/
👇 What you get in the full course!
--------------------------------------------------------------------------------------------------------------------------------------------------------------
10 Comprehensive Live Webinars covering Legendary Traders, Monster Stocks, and Market Cycles
230+ Page Textbook which culminates 20+ years of Research
460+ Slides compiling the material
Special Guests: Hedge Fund Managers, United States Investing Champions
2 Bonus eBooks for every student ( How To Make Money In Stocks by O'Neil and Monster Stock Lessons by John)
It's fascinating how EVERY trader starts off with that one lucky trade picked randomly. Seeing how "easy it is" to quadruple your money is like the dopamine hit of a brand new drug. Then the drug wears off as you fail to repeat, but you keep chasing that high. Until finally it's not even about the high anymore. You just learn to appreciate the craft for what it is.
Darvas' first book is absolutely phenomenal. It is even funny! When he starts to invest and makes every mistake in the book and always proclaims that he knows what he is doing and great riches are just around the corner.
It's excellent!
Timestamps
0:00 The Story of Nicolas Darvas
4:55 Darvas's Failures
8:00 Successes and making 2,000,000
17:37 Darvas's Best Stocks
18:18 Darvas's Strategy and Box Method
21:32 Best Quotes
22:55 Excerpts
28:00 Universal Controls Trade - Darvas Box Method
😊😊😊😊😊😊😊😊😊😊😊
I absolutly love Jon Boik. Got all his books. Fantastic content 👌
Thank you! He's doing a great job in the Historical Analysis Masterclass 👏🏼
There are 2 important lessons in Darvas' book. One is his description of the mental and emotional journey he took in learning to trade. Every trader goes thru a similar learning experience, this book is a helpful guide or at least reassurance. The second lesson is his trading method, do not be dismissive, it seems simple but it works. If you are a technical trader at heart it will make sense to you, if you are a fundamentalist it won't, in that case it may be better to go elsewhere for lessons.
Couldn't have said it better ourselves!
Darvas used higher highs and higher lows with volume. That is the box. That is all. One tool that every capable technical analyst knows today.
Yes! 👍
Darvas is one of my fave! Thank u!
No problem!
Every event & news gets reflected in price action.
Often before it's even shared publicly!
Great video! Thank you Richard and John!
Our pleasure!
Every trader should be required to read Darvas’ book. Great thumbnail too 🔥
Agreed!
One of the most helpful books on trading that I have ever read. I go back to it when I feel like I am not doing well in the market.
It's always great to have a go-to resource when you need some guidance in the market.
Just Awesome..very lucid explanation & beautiful slides.. Thank you both, & yes of course to Darvas for his knowledge..
Our pleasure!
Thank You Richard & John
You're welcome!
Darvas' book - always re-read it EVERY summer on vavaction along with Edwin Lefèvre book, Reminiscences of a Stock Operator.
BTW, just out of curiosirty, how come John Boik doesn't mention any trades from 1962 to 1973? That's an 11 year gap.... Did Darvas stop trading??
He traded throughout, his books don't cover as many trades from that period.
A dancer buys few stocks that are at all time high, holds them as long as they are going up , uses a trailing stop and makes lots of money.
Totally opposite of a day-trader scalping options on 5 minute chart.
Much less stress and screen time required for one of those trading strategies!
Where can I find John's top 15 book list?
Good work n thanks. What I really enjoy is seeing the common pattern all good traders share. Thanks.
Glad you enjoy it!
@@TraderLion Thanks Richard. I have the book and its been a few years since I last read it. But From Livermore to Darvas to Stan to Mark Minervini they really all share the same process. It's positive! Have a nice weekend.
@@KT-zx9jr You too!
Great story telling, entertaining and insightful, looking forward to the next episode! 👍🏼
Glad you enjoyed it!
is the universal controls chart wrong? 2-1 split, because wont it hit the stop loss?
good content thanks
Glad you enjoyed it!
Please what’s the title of the book he recommended in the start of the video ?
How I made 2 Million in the Stock Market - Nicolas Darvas
For Universal control, it rises 400% in a year. What stock/asset that can do like that in the past 10 years? maybe just crypto
It's definitely an impressive stock in history, but there are plenty of stocks making similar moves! NVDA up 325% since October, SMCI up 339% since January. Numerous stocks in 2020/21 had over 300% runs.
@@TraderLion Thanks for pointing that out
Great Book!
One of the best for new traders!
Phenomenal
Thanks for watching Rahul!
What's the book write by O'Neil?
How to make money in stocks
@@TraderLion thanks sir
THREADS
🪡
I read th e book..he thinks like me
Great book!
📘 Get your FREE 115-page Ultimate Trading Guide! - traderlion.com/YTC-UTG
👇 What you'll learn!
--------------------------------------------------------------------------------------------------------------------------------------------------------------
Lesson 1: Build a sturdy trading foundation to overcome the biggest obstacles holding you back.
Lesson 2: Master 3 powerful trading setups to adapt and thrive in various market conditions.
Lesson 3: Efficiently screen and find top-performing stocks with strong momentum and high growth potential.
Lesson 4: Establish a streamlined risk management strategy using stop losses, position sizing, and portfolio heat analysis.
Lesson 5: Optimize selling decisions by identifying late-stage bases or key trend reversals by analyzing daily and weekly charts.
Lesson 6: Sharpen your trading analysis and decision-making by integrating cutting-edge analytical tools and techniques.
Lesson 7: How to establish and maintain routine weekly and daily trading practices to ensure consistent performance and continuous improvement.