Wall Street: The Other Las Vegas

Rating:
Summary: Disarming Title
Review: Being the author of the book "Futures For Small Speculators", I am not a big fan for equating investing with gambling, but Mr. Darvas has successfully done it again. Somehow he is able to make the negative connotation of gambling and turn it into a lesson for the novice and experienced trading.

This is essential, because if you don't know what you are doing wrong, how can you learn to do it right?

So by making traders realize that their is a risk of loss it puts them on the alert.

Rating:
Summary: The nature of stock investing & the details of his method.
Review: I read it in one sitting. This title fleshes out the contents of his first. I found its chief value to be in the identification of stock investing with gambling, and also the detailed mechanics used to define and time his entries and exits. Anyone at least mildly excited by his first offering ought to enjoy a little more of Darvas's company.

Rating:
Summary: A bona fide Wall Street classic!
Review: Nicolas Darvas was both an excellent trader and writer. This book presents a clear exposition of his successful, break-out trading method. It shows how he was able to ride the winners by using his nested "box" system. Further, it shows how he used "techno-fundamental" screening to select only those issues which had the best chance for sustained rally after the break-out event. Event-trading is useful because it is real-time, gives definite signals, and affords minimal lag in response time. This book should prove to be of great utility to someone who wants to learn to trade or to improve his or her trading skills.