The Technical and Fundamental Rules of Nicolas Darvas

The Nicolas Darvas story is important for every stock investor. He has inspired traders for many generations throughout countless countries. He made his fortune without the help of computers, mobile phones, fax machines, CNBC, Bloomberg, or any of the technology we have today. He only had access to end-of-day data and a weekly copy of Barrons. Starting with an account of only $10000, Darvas amassed a fortune of over $2.2 million dollars. Putting this into context, these were 1959 dollars and would be equivalent to over $20 million dollars today. All of his trading decisions were made while he was traveling and dancing.