Nicolas Darvas
Dancer Who Made $2 Million with the Box System
Nicolas Darvas
Momentum Growth
Key Stats
Net Worth
$2 Million (1959)
Origin
Hungarian-American
Lifespan
Born 1920 (106 years old)
Biography
Nicolas Darvas was a world-famous dancer who turned $25,000 into over $2 million in the stock market while touring the world. His "Darvas Box" system became one of the most influential technical trading methods ever developed.
The Dancing Trader
Darvas couldn't watch the market during trading hours due to his dance performances across the globe. He developed a system based on weekly telegram updates of stock prices.
The Darvas Box
His method identified stocks making new highs and forming "boxes" (trading ranges). He would buy when a stock broke out of its box to new highs and sell when it fell below the box.
Remarkable Results
Between 1957 and 1958, Darvas turned $25,000 into over $2 million—equivalent to about $20 million today.
Trading Philosophy
"I was never afraid of buying high and selling low. I was afraid of buying too low and being stopped out."
Famous Trades
Various Growth Stocks
Used his box system to ride momentum stocks to massive gains while touring as a dancer.
Life-Changing
+$2 Million
Legendary Quotes
"I was never afraid of buying high and selling low. I was afraid of buying too low and being stopped out."
"There are no good or bad stocks, there are only rising and falling stocks."
Recommended Reading
How I Made $2,000,000 in the Stock Market
The classic account of his trading journey
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