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How I Made $2 Million in the Stock Market: The Darvas system for stock market profits by Nicolas Darvas

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Chapter four: Developing the Box Theory

After my frightening experience with JONES & LAUGHLIN, and my more fortunate experience with TEXAS GULF PRODUCING, I sat down to assess my position. By now I had been scared and beaten by the market enough to appreciate that I should not regard the stock market as a mysterious machine from which, if I were lucky, fortunes could be extracted like the jackpot in a slot machine. I realized that although there is an element of chance in every field in life, I could not base my operations on luck. I could be lucky once, maybe twice – but not constantly.

No, this was not for me. I must rely on knowledge. I must learn how to operate in the market. Could I win at bridge without knowing the rules? Or in a chess ...

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