Does One Really Need A Fancy Theory To Make Money From A Stock Market Trade?

The Nicholas Darvas Stock Market Trade Success Story (part 18)

I held my breath as I anxiously watched the continued rise of my stock market trade. When it hit 40, I had a compelling temptation to sell. But I hung on. For the first time in my stock market career I refused to take a quick profit. I dared not - I had that $9,000 loss to make up from hy previous stock market trade.

I telephoned my broker every hour, sometimes every fifteen minutes. I literally lived with my stock market trade. I followed its every movement, every fluctuation. I was watching it the way an anxious parent watches over his new born child. For five weeks I held it, tensely watching it all the time.

Then one day, when it was standing at 43 & a quarter, I decided not to stretch my luck any further. I sold it and received $42,840.43. I had not got my $9,000 back, but I had recovered more than half of it from this particular stock market trade.

When I sold TEXAS GULF PRODUCING I felt as if I had just passed the crisis in a long, critical illness. I was exhausted, empty, spent. And yet, something began to shine through. It came in the form of a question.

What, I asked myself, was the value of examining company reports, studying the industry outlook, the ratings, the price-earnings ratios? The stock market trade that saved me from disaster was one about which I knew nothing. I picked it for one reason only - it seemed to be rising.

Was this the answer? It could be.
So the unfortunate experience with JONES & LAUGHLIN had its significance. It was not wasted. It led me toward the glimmering of my theory. 

IMPORTANT: Would you like to download Darvas’ story in PDF & MP3 format?
Click Here To Download It Now





Copyright © 2008 - NicolasDarvas.org