Nicolas Darvas quotes

Nicolas Darvas was a world-renowned dancer turned successful stock trader. Born in Hungary in 1920, he moved to the United States and started trading in the stock market. Darvas developed a unique trading strategy based on technical analysis and trend following, which helped him make millions in the market. His book, "How I Made $2,000,000 in the Stock Market," became a bestseller and inspired many to follow in his footsteps. Darvas' story is a testament to the power of determination and learning in the world of investing.

There is no reason to sell a rising stock.

- Nicolas Darvas

There are no good or bad stocks, there are only rising and falling stocks.

- Nicolas Darvas

The truth was that as my pocket had strengthened, my head had weakened.

- Nicolas Darvas

My only sound reason for buying a stock is that it is rising in price. If that is happening, no other reason is required. If that is not happening, no other reason is worth considering.

- Nicolas Darvas

Like human beings, stocks behave differently. Some of them are calm, slow, conservative. Others are jumpy, nervous, tense. Some of them I found easy to predict. They were consistent in their moves, logical in their behavior. They were like dependable friends.

- Nicolas Darvas

I was successful in taking larger profits than losses in proportion to the amounts invested.

- Nicolas Darvas

I made up my mind to buy high and sell higher.

- Nicolas Darvas

I listened eagerly to what they had to say and religiously followed their tips. Whatever I was told to buy, I bought. It took me a long time to discover that this is one method that never works.

- Nicolas Darvas

I knew now that I had to keep rigidly to the system I had carved out for myself.

- Nicolas Darvas

I keep out in a bear market and leave such exceptional stocks to those who don’t mind risking their money against the market trend.

- Nicolas Darvas

I did not know it but I was already coming up against one of the great pitfalls of the small operator — the almost insoluble problem of when to enter the market.

- Nicolas Darvas

I decided to let my stop-loss decide.

- Nicolas Darvas

I decided never again to risk more money than I could afford to lose without ruining myself.

- Nicolas Darvas

I bought with bold confidence when I thought I was right and coldly, without hurt ego, I took my limited losses when I thought I was proven wrong.

- Nicolas Darvas

I believe in analysis and not forecasting.

- Nicolas Darvas

I became over-confident, and that is the most dangerous state of mind anyone can develop in the stock market.

- Nicolas Darvas

I also learned to stay out of bear markets unless my individual stocks remain in their boxes or advance.

- Nicolas Darvas

First check whether the market as a whole is rising or falling. In other words, are you in a bull market or a bear market? If the latter, stay out. The odds are against you.

- Nicolas Darvas

Buy high and sell higher.

- Nicolas Darvas

All a company report and balance sheet can tell you is the past and the present. They cannot tell future.

- Nicolas Darvas

Accept everything for what it is, not what you want it to be.

- Nicolas Darvas