O'Reilly logo

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

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Chapter eight: My First Half-Million

The overwhelming success of my handling of E. L. BRUCE should have made me more eager and less cautious. Yet, somehow it made me more cautious. I had made over $325,000 in nine months’ investment, and I was determined not to lose it by a wrong move. So many operators have made big money in nine months and lost it in nine weeks. I decided this would not happen to me. The first step I took was to withdraw half of my profits from the market. With my remaining capital I eyed the market warily, watching for possible new well-behaved stocks. As so often after a coup, I had very little success for a month or so immediately afterwards.

I cautiously bought 500 shares of MOLYBDENUM. I bought it at 27, paying $13,606.25. ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required