10 Best Nicholas Darvas Quotes On Trading

INVESTOPAPER

Nicholas Darvas was a professional dancer. However, he is best known for his book ‘How I Made $2,000,000 in the Stock Market’. In his book, he explains his ‘Box Theory’ of trading from which he made $2.25 million in a period of 2 years.

Here are some of the best quotes from his book.

Best Nicholas Darvas Quotes

“I believe in analysis and not forecasting.”


“Buy high and sell higher.”


“I decided never again to risk more money than I could afford to lose without ruining myself.”


“I listened eagerly to what they had to say and religiously followed others’ tips. Whatever I was told to buy, I bought. It took me a long time to discover that this is one method that never works.”


“My only sound reason for buying a stock is that it is rising in price. If that is happening, no other reason is required. If that is not happening, no other reason is worth considering.”


“First check whether the market as a whole is rising or falling. In other words, are you in a bull market or a bear market? If the latter, stay out. The odds are against you.”


“Accept everything for what it is, not what you want it to be.”


“There are no good or bad stocks, there are only rising and falling stocks.”


“I keep out in a bear market and leave such exceptional stocks to those who don’t mind risking their money against the market trend.”


“All a company report and balance sheet can tell you is the past and the present. They cannot tell future.”


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