IgazI wrote:BambinoFlex wrote:Finished the Darvas book on how he made 2million in the stock market. Great stuff! Amazon recommended “You Can Still Make It In The Market” and Im stating to understand your 5% lines better. Such a good seller but don’t see many people talk about the Darvas box
I am convinced that his strategy was so successful because he was obsessed with his exit strategy; there is nothing special about his entries.
darvas.jpg
Reading the book, he is very protective, calling his stop loss a crucial part of his system, one that he can’t operate without.
Being that he tried to keep his mind away from trading while the market moved and he slept, I think is another crucial part of it. Less chance of being on an emotional rollercoaster, with time being a good asset. I’ve noticed that on a personal level. Spending an hour or two, finding a box/in and then placing a trade and going on about my business. Sleeping through London, then waking at NY, adding to my position, then going to work. Checking on my trade during lunch, moving stops, then waiting until the close to determine course of action.
My next goal is to be able to hold a position for 2 weekly candles, I think that would be highest I would shoot for.