Darvas Profits
Darvas ploughed his money into a couple of stocks that had been hitting their 52-week high. He was utterly surprised that the stocks continued to rise and subsequently sold them to make a rare profit.
Darvas decided to regroup to assess this remarkable occurrence. And it was here that Darvas came up with this approach and plan for trading stocks that was to see him achieve $2,450,000.00 fortune in just 18 months, during the 1957-58 bull market. In total, just 7 long years since his first trade.
Read more about this topic: Nicolas Darvas
Famous quotes containing the word profits:
“It little profits that an idle king,
By this still hearth, among these barren crags,
Matched with an aged wife, I mete and dole
Unequal laws unto a savage race
That hoard, and sleep, and feed,”
—Alfred Tennyson (1809–1892)