Was Nicolas Darvas One of the Greatest Traders Ever? Day Trading Online Trade Stocks, Forex, Commodities Free Klfx forex factory RM50 without deposit! Urgent Stock Forecast Free Report: 5 Safe Stocks To Help You Grow Your Nest Egg.
Throughout Wall Street history, there have been a handful of traders who have reached legendary status. They inspired a generation of traders with outstanding results as well their willingness to teach others how to follow in their footsteps. Names like Jesse Livermore, Richard Dennis, Bernard Baruch, and Ed Seykota come quickly to mind. Another name that has reached Hall of Fame status in trading is Nicolas Darvas. Nicolas Darvas was just an “average Joe” making his living as a traveling ballroom dancer in the 1950s when he turned his attention to stock trading. 2,000,000 in the Stock Market” – a book that remains a Wall Street classic, found on the bookshelf of numerous professional traders. Nicolas Darvas’ success undoubtedly inspired a generation of traders.
But perhaps much more significant than Darvas’ personal success in the market was the success of those who learned from his teachings and mastered his strategy. There are many “Darvas Millionaires” who credit Nicolas Darvas and his stock trading system with their success and this article will give you a snapshot of just a few of the more famous Darvas-influenced people who have traded their way to millions and recommended Darvas’ teachings to others who wish to do the same. William O’Neil is probably the most famous name on this list of Darvas Millionaires. He used his winnings to buy a seat on the NYSE and never looked back. He would later become the founder of the highly-respected financial newspaper, Investors Business Daily, and the powerful investment website, Investors. O’Neil lists Nicolas Darvas as one of his trading strategy’s primary influences and recommends that all traders learn from his teachings.
His amazing story garnered national attention, but what wasn’t surprising was the method he used to produce such phenomenal returns. Zanger quickly become somewhat of a celebrity in trading circles and his advice was highly sought after. His statement could not have been more accurate. Zanger is still a big advocate of Darvas’ teachings and he tells traders that applying the Darvas method will “yield fortunes beyond the reader’s wildest dreams.
He more than doubled this account in less than one year. This quick success gave Ryan the confidence to enter the prestigious U. Not surprisingly, Ryan credits Darvas as being a major influence on his trading method. He credits Nicolas Darvas for having the most impact on his career as a full time trader.