Top 10 Nicolas Darvas Quotes for Traders – A Peek into the Mind of a Market Maverick

Trader Quotes

Nicolas Darvas, a world-renowned dancer-turned-trader, achieved remarkable success in the stock market during the 1950s and 1960s.
His unique approach to trading, known as the Darvas Box Theory, combined elements of both technical analysis and fundamental analysis. Darvas' trading journey and insights are chronicled in his bestselling book, "How I Made $2,000,000 in the Stock Market."

In this blog post, we'll explore the top 10 quotes from Nicolas Darvas that will inspire, motivate, and guide traders on their journey to success.

  1. "There is no sure and easy way to make money in the stock market. But if you are intelligent, diligent, and persistent, you can make money."
  2. "I believe in analysis and not forecasting."
  3. "The 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."
  4. "To make a fortune, you must let a fortune grow."
  5. "Every day, I assume every position I have is wrong."
  6. "I never look for the 'reason' behind the move. All I want to know is whether there is a move and in which direction."
  7. "I made up my mind to be guided by facts, not hopes. I decided to be a 'plodder,' to trade only when the odds were in my favor, and to follow a definite method."
  8. "It never was my thinking that made the big money for me. It always was my sitting."
  9. "The most difficult part of the game is to know when to stop. You must learn to quit when you are ahead or when the situation is hopeless."
  10. "Always keep a good part of your capital in a cash reserve. Never invest all your funds."

The wisdom found in Nicolas Darvas' quotes emphasizes the importance of discipline, patience, self-awareness, and the willingness to adapt one's approach to the ever-changing market conditions.

By internalizing these quotes and applying their lessons to your own trading journey, you can develop the mindset and skills required to achieve long-term success in the world of trading.

Remember, the key to a successful trading journey is learning from the experiences of those who have come before you and continually refining your approach to find the strategy that works best for you.