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| Mastering Darvas "How I Made $2,000,000 in The Stock Market" |
| (c) Dr. Scott Brown |
| |
| Publisher ....: Udemy |
| Level ........: beginner level |
| Runtime ......: 53 mins |
| Language .....: English |
| Release Type .: Retail |
| Release Format: ISO |
| Store Date ...: 2015.12.29 |
| Release Date .: 2016.03.16 |
| ISO Size .....: 481,769,472 |
| ISO Checksum .: 824D20D1 |
| Disk Count ...: 10 * 50MB |
| Disk Name ....: comprised_umdim2000000sm |
| |
| Link/URL .....: http://v.gd/OASwVj |
| |
| |
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| UPDATED JAN 10 2016 ù 1,013 STUDENTS ENROLLED IN FIRST DAY! |
| |
| [2016 COURSE UPDATE SCHEDULE] |
| |
| * February 29 ù Adding Chapters 3 and 4 ù Tuition Adjusts to $49. |
| * March 31 ù Adding Chapters 5 and 6 ù Tuition Adjusts to $99. |
| * April 30 ù Adding Chapters 7 and 8 ù Tuition adjusts to $199. |
| * May 31 ù Adding Chapters 9, 10 & Appendix ù Tuition Adjusts to $299. |
| |
| New York, New York (Time Magazine), Monday, May 25, 1959, 12:00:00 EDT |
| |
| RE: A Financial Documentary of the Astounding Success of Nicolas Darvas |
| |
| Dear stock investor, |
| |
| It was the last early summer of the 1950s. |
| |
| The Darvas brother and sister dance team were as entrenched in the media |
| then as Circe de Soleil is today. Their graceful dances delighted |
| television viewers in Europe and America. |
| |
| The Darvas name was regarded with respect in show business circles in Las |
| Vegas, New York, Toronto and far overseas. Nicolas Darvas had cemented his|
| name in the public conscious as one of the best dancers worldwide. |
| |
| Celebrities were shocked when a full page article in Time Magazine covered |
| Nicolas not as a dancer but as a rich stock investor "who ignores tips, |
| financial stories and brokerÆs letters." This was followed with a 1960 |
| book entitled, ôHow I Made $2,000,000 In The Stock Market.ö The book |
| fell out of favor when business schools began teaching that the market |
| could not be beaten by reasoned analysis. |
| |
| And by The Way, He Made $2.5 Million in 6.5 Years. |
| |
| Away from the public hidden underneath arcane math exists recent evidence |
| from the very top of investing that Darvas was correct. See ** Moskowitz, |
| T., Cliff Asness and Lasse Pedersen, ôValue and Momentum Everywhere,ö |
| Journal of Finance (2012). |
| |
| World class performance comes from world class brains. Darvas studied at |
| the University of Budapest ù the most erudite of Hungary. |
| |
| He was trained not just in classical dance but also as an economist. |
| |
| Economics paid less than dance. But he was a brilliant scholar with precise|
| organization. |
| |
| This allowed him to precisely document his agonies and elations on a |
| trade-by-trade basis, ôI decided I had been missing a good thing all my |
| life. I made up my mind to go into the stock market. I have never gone |
| back on this decision.ö -Nicolas Darvas |
| |
| Learn What Worked from A Major State University Finance Professor! |
| |
| You can read his book but will you really understand it? Not likely. |
| |
| I donÆt want to push your buttons. I am just pointing out that most of my|
| adult life has been a sole minded dedication to mastering finance. |
| |
| Just read my Udemy profile. I am a finance professor at a major state |
| university ù The University of Puerto Rico Graduate School of Business. |
| We are the leading business school in the Caribbean. |
| |
| Look Over My Shoulder as I Dissect Nicolas DarvasÆ Secrets For You à |
| |
| Thousands of MBA students grasp the deepest principles of finance in my |
| classes. They work in diverse industries from pharmaceuticals to Wall |
| Street. |
| |
| I train these professional financial managers. And I can train you to go |
| toe-to-toe against the wolves of Wall Street. |
| |
| Level the playing field with the skills you will learn in this course. And |
| you will improve over the years to come. |
| |
| I am your ultimate financial coach. I know how to guide you through chunks |
| of financial knowledge that are hard for all. |
| |
| ThatÆs because I have trained thousands of young adults in finance. Let |
| me guide you through the black forest. |
| |
| Here Are The 25 School of Hard Knocks Worst Challenges for Beginning Stock |
| Investors à |
| |
| Nicolas Darvas faced many of the same challenges at the start that I have. |
| That is part of the reason that his classic book rings so true for so many|
| stock investors in-the-know today. Here is a sample of difficulties Darvas|
| had to overcome. |
| |
| CHALLENGE #1: BLIND LUCK. The first profit in stocks Darvas landed was not |
| from his own thought process making him naively believe investing was |
| easy. |
| |
| CHALLENGE #2: GOSSIP. Nicolas Darvas in realizing that he knew nothing |
| about stocks seeks the wisdom of random strangers leading to a chaotic |
| portfolio from asking ôDo you know a good stock?ö |
| |
| CHALLENGE #3: MISFEASANCE. Neither casual acquaintances in his travels nor |
| brokers know the secret to making money in stocks. |
| |
| CHALLENGE #4: COSTS. Brokerage commissions and transfer taxes decimate the |
| initial stock market returns of Nicolas Darvas ù and he realizes he must|
| control them. |
| |
| CHALLENGE #5: OVER-TRADING. Darvas fidgets for fast profits spreading his |
| stake between upwards of thirty stocks ù degrading control and tracking |
| while ramping up account depleting fees. |
| |
| CHALLENGE #5: LOSER-LOVE. Nicolas became attached to particular stocks |
| giving him the proclivity of holding loss exploding falling shares. |
| |
| CHALLENGE #6: GAMBLERS-ANNONYMOUS. On stage this trained dancer was the |
| pinnacle of disciplined control. Chasing a fast buck over-trading stocks |
| was quickly losing him two hundred dollars a day. |
| |
| CHALLENGE #7: GURUS. Nicolas Darvas was attracted to advisory service that |
| made speculation sound like a snap and fed his need for urgently making |
| money fast but recommended falling stocks. Have you been spending hundreds|
| or even thousands on investment newsletter financial advisory services? If|
| so, you have probably asked yourself, ôwhere are all those hundred |
| percent returns promised in the glossy marketing?ö |
| |
| CHALLENGE #8: DATES. The famous dancer does not know when to enter the |
| market. This pulls eleven thousand dollars down to five thousand eight |
| hundred. |
| |
| CHALLENGE #9: TIPS. A broker offers up advice in the form of a safe stock |
| based on fundamentals ù that drops. Brokers are bad for advice as well. |
| |
| CHALLENGE #10: PROJECTION. Darvas is quick to blame his broker for mistakes|
| truncating his ability to learn. |
| |
| CHALLENGE #11: IGNORANCE. Even the greatest dancer in the world is a dunce |
| without an understanding of the jargon making it hard for Nicolas to |
| communicate clearly with his broker ù remember that this was before |
| online trading and retail stock investors had to have a broker. |
| |
| CHALLENGE #12: VISION. Nicolas Darvas quickly realizes that he cannot see |
| the strongest trees in the forest and sets out to find the most strongly |
| rising stocks. |
| |
| CHALLENGE #13: LIQUIDITY. Darvas has a hard time reselling his small stocks|
| in the chaotic discontinuously trading over-the-counter (OTC) market. |
| |
| CHALLENGE #14: INSIDE-IDIOTS. The Hungarian trained economist gone world |
| class classical dancer begins tracking inside trades of the largest |
| executives. He quickly finds that insiders donÆt know any more about the|
| direction of the stocks of the firms they manage than you do! And we |
| confirmed this ôtoo-late-too-soonö factoid in Brown, S., Cao-Alvira, |
| J. & Powers, E. (2013). Do Investment Newsletters Move Markets? Financial |
| Management, Vol. XXXXII, (2), 315-338. |
| |
| CHALLENGE #15: OVER-CONFIDENCE. Fundamental filtering as is done widely |
| with Value-Line leads Nicolas into the limbo land of false-hope. |
| |
| CHALLENGE #16: REGRET-AVOIDANCE. If Darvas were alive today, he would be |
| glued to the screen for fear of a loss on his stock. He wastes massive |
| amounts of energy over-monitoring his equity returns. |
| |
| CHALLENGE #17: TOPPING-OUT. Buying into the very top of a run burns Nicolas|
| out so he focuses on price consolidations he terms ôboxes.ö |
| |
| CHALLENGE #18: EXHAUSTION. Chasing stocks just because they rise brings his|
| attention too late by the time the broker calls. |
| |
| CHALLENGE #19: COIN-FLIP. Making more on profitable trades than is lost on |
| losers becomes his mantra as he realizes that he is never better at |
| picking a winner than a simple coin toss ù but that is pretty darn good!|
| |
| CHALLENGE #20: DATA. Darvas realizes that he must have access to high |
| quality data on not just price but also volume. |
| |
| CHALLENGE #21: PAPER-TRADE-THIS. Nicolas eventually figures out that paper |
| trading gets him nowhere ù he has to be emotionally involved. |
| |
| CHALLENGE #22: DIONYSUS. In embracing the central truth that stocks owned |
| and watched make unexplained price collapses ù and in so realizing |
| understands that he is as knowledgeable as any guru. |
| |
| CHALLENGE #23: TAX-PARALYSIS. |
| |
| Many people hold on to stocks for more than a year for a lower tax rate on |
| capital rather than short-term gains. He decides that he has to sell even |
| if the taxes on his gains will he higher. |
| |
| CHALLENGE #24: BUY-&-CRUMBLE. Holding stocks for very long periods of time |
| doesnÆt work for Nicolas Darvas ù buy-&-hold strategies he decides are|
| for gamblers, |
| |
| CHALLENGE #25: CYCLE. Nicolas notices that stocks cycle from small to large|
| in and out of fad creating even less predictability. |
| |
| Darvas was gifted enough to find his own way up and out into the light from|
| deep within his initial darkness in PlatoÆs cave with secrets he |
| willingly shared to those even unborn who could understand. |
| |
| HereÆs 15 Cures for The 25 Worst Challenges for Stock Investors à |
| |
| CURE #1: TABLES. Tracking the relationship between volume and price allowed|
| Darvas to identify stocks with sudden explosions of volume. |
| |
| CURE #2: MOMENTUM. Simply buying stocks that are rising saves Nicolas |
| Darvas. |
| |
| CURE #3: TRADING-VOLUME. The highest money makers are stocks with fast |
| rising prices on accelerating volume. |
| |
| CURE #4: BUSINESS. Darvas treats his stock investing as a business by |
| giving it the required attention. |
| |
| CURE #5: CHANNELS. Trend consolidations map entry and exit points for |
| Darvas. |
| |
| CURE #6: BUY-STOP. Runaway stocks are captured from above by a simple limit|
| stop buy order. |
| |
| CURE #7: SELL-STOP. A simple sell limit stop-order saves Nicholas Darvas |
| from being wrong half of the time. |
| |
| CURE #8: TEST-PURCHASE. Test purchase of 4 or fewer stocks work for |
| Nicholas Darvas like risk cutting little experimental oil wells in |
| wildcatting. |
| |
| CURE #9: GODZILLA. A slumping stock market can stomp out even the strongest|
| stock with the same dynamic as when Bambi Meets Godzilla in 1969 ù watch|
| the classic movie on YouTube for more. |
| |
| CURE #10: BOTTOM-LINE. Sharply up trending earnings foretell the strongest |
| of the strong rising stocks on pumped up volume. |
| |
| CURE #11: NEWCOMERS. Overtime the most important hunting ground for Darvas |
| is new industries ù these are more important than specific products |
| within those sectors. |
| |
| CURE #12: MARGIN. Leverage dramatically increases the portfolio beta and |
| the gain for Nicolas Darvas ù today we use deep in the money call |
| options. |
| |
| CURE #13: SAFETY. A critical rule becomes the resolute decision to never |
| feed passive losses with active income. |
| |
| CURE #14: ENTITY. Nicolas Darvas could have used a corporate structure to |
| reduce taxes ù learn more inside. |
| |
| CURE #15: ISOLATION. Independent thought becomes the saving grace for |
| Darvas he can only find through solitude as he stops all gossip and chat |
| calls. |
| |
| Once Darvas understood what worked he began to reap huge benefitsà |
| |
| Nab These 5 Advantages of Curing the 25 Worst Stock Investing Challenges |
| |
| ADVANTAGE #1: SCHOOLED. Develop a broad financial vocabulary to condense |
| investment data into your Holy grail to finding the fastest rising |
| momentum stocks. |
| |
| ADVANTAGE #2: CONCENTRATION. Focusing on no more than ten [10] stocks at a |
| time kept Nicolas Darvas attentive to just his most worthwhile finds. |
| |
| ADVANTAGE #3: PROFICIENCY. Mastering a compact group of essential skills |
| gives you massive advantages as was so for our dancing economist. |
| |
| ADVANTAGE #4: PEACE. Maturity as a stock investor brings the wisdom of |
| simply reversing, and learning from, mistakes. This gives you an |
| unexpected benefit of having your safety net in place. |
| |
| ADVANTAGE #5: WORTH. |
| |
| And just as Akhrot becomes the richest man in Babylon so did Nicholas |
| Darvas continue to enrich himself with the knowledge herein. |
| |
| Read some of these rave words about this course and the way I teach... |
| |
| ôI started by taking a finance refresher with Robert SchillerÆs |
| openYale course on Financial Markets. Then through a book recommendation |
| for How I Made $2,000,000, I came across your Nicholas Darvas course which|
| I thoroughly enjoyed. I think its your teaching style coupled with the |
| simplistic message of volume, earnings, and making decisions as an |
| individual that intrigue me. My finance courses in the past would teach |
| you about equations and fundamentals, but you never encounter any real |
| coaching on how to effectively invest.ö -Gavin Ripley, MBA North |
| Carolina; March 15, 2015 |
| |
| ôListening to the Darvas Lecture with my 15-year-old now. He is |
| developing an interest in the markets without me ever even talking about |
| it. You are the perfect teacher for all ages.ö -Jeff |
| |
| ôYou are a great teacher, mentor and writer. I wish i could articulate my|
| gratitude for you, but I would fail miserably. To put in the present day |
| vernacular- YOU ROCK MAN! So PLEASE keep on rockin. Well, I'm going to |
| go...I'm getting all misty.ö -T-Bone |
| |
| Enroll now while this course tuition is just $19! |
| |
| This is a no brainer win-win-win for you since Udemy gives you a 30 day |
| full money back guarantee. They ask no questions. And if you like this |
| course you get to learn from me for life! |
| |
| Time Waits for Nobody! |
| |
| I wish I could just plug a cord into your head and download everything to |
| your mind directly and permanently in a few seconds. But I canÆt. |
| |
| This material will take you time to learn. The longer you wait to learn |
| this the more opportunities you will have missed. |
| |
| Enroll Now to Super-Charge your Investment Education! |
| |
| -Scott |
| |
| Dr. Scott Brown, Associate Professor of Finance of the AACSB Accredited |
| Graduate School of Business of the University of Puerto Rico |
| |
| P.S. The tuition of this course will rise. DonÆt wait enroll now. |
| |
| P.P.S. As my community grows my time per student naturally diminishes. Get |
| the most out of my teaching while you can! |
| |
| |
| |
| |
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\/ No news is good news! _|/
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\/ Some hardworking groups, and maybe you? _|/
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:___/\______);;: ...::, /________________\%%%%%%/_____________\ ::.. ;;;;: : :
:: ... . ., : : ...,, . ::: :, \%%%%/ ::: :;,,..., : .
\%%/ nfo by griskokare/impure!ascii
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