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.
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Famous quotes containing the word profits:
“Whoever is content with the world, and who profits from its lack of justice, does not want to change it.”
—Friedrich Dürrenmatt (1921–1990)