Nicolas Darvas: Biography, Career, and Business Insights

Nicolas Darvas’s Profile Summary

Company	Self-employed
Position	Stock Trader and Author.
Source of wealth	Stock trading profits using the Darvas Box Theory, book royalties from How I Made $2,000,000 in the Stock Market, other business ventures.
Also known as	Dancer, Financial Educator.
Years of life	14.03.1920 - 01.01.1977
Education	University of Budapest - degree in Economics.
Citizenship	Hungarian.
Residence	New York City, USA
Family	Information about family is
Website, Social Media	https://en.wikipedia.org/wiki/Nicolas_Darvas

Nicolas Darvas’s biography

Nicolas Darvas, born in Hungary in 1920, is renowned for his unique journey from professional ballroom dancer to self-taught stock market investor. After fleeing Hungary during World War II, he and his half-sister toured Europe and the United States as a successful dance duo. While performing, Darvas cultivated an interest in stock trading. His breakthrough came after being paid in stock for a performance, sparking his passion for understanding market trends. Darvas developed the "Darvas Box Theory," a trading strategy based on price momentum and volume, which he famously used to turn $36,000 into $2.25 million in the late 1950s. His success story, chronicled in his book How I Made $2,000,000 in the Stock Market, has inspired traders for decades. Known for his disciplined approach and systematic risk management, Darvas concentrated on stocks showing strength in uptrends. His legacy as both a dancer and an innovative trader is still influential today. He passed away in 1977.

How did Nicolas Darvas make money?

Nicolas Darvas makes money in the following areas:

Stock trading profits using the Darvas Box Theory, book royalties from How I Made $2,000,000 in the Stock Market, other business ventures.
What is Nicolas Darvas net worth?

As of 2025, there is no publicly available and reliable information regarding Nicolas Darvas’s net worth.

What is Nicolas Darvas also known as?

Nicolas Darvas first gained recognition as a professional ballroom dancer, performing globally with his half-sister in the "Darvas and Julia" dance team. Beyond dancing, Darvas became a renowned financial author, writing the bestseller How I Made $2,000,000 in the Stock Market, which outlined his unique trading strategy, the Darvas Box Theory. In addition, he educated many aspiring traders through his work, influencing future generations with his disciplined approach to stock trading and risk management

Prominent achievements of Nicolas Darvas

Turned $36,000 into $2.25 million in 1.5 years, developed the widely followed Darvas Box Theory for trading, authored How I Made $2,000,000 in the Stock Market, considered one of the most influential traders of the 20th century

What are Nicolas Darvas’s key insights?

Nicolas Darvas believed in disciplined, systematic trading based on price and volume movements. He emphasized strict risk management through stop-loss orders and a focus on strong, trending stocks. His approach rejected emotional decision-making, instead relying on careful observation of market trends and patience until favorable conditions emerged

Nicolas Darvas’s personal life

Details about Nicolas Darvas's family are not well-documented in public sources, and no specific information is available about his relatives or family life

Useful insights

Advanced strategies for stock and Forex traders

As you progress in your trading journey, it is important to explore more advanced strategies. These books dive deeper into technical analysis and trading psychology, helping traders improve their edge.

John Bollinger – "Bollinger on Bollinger Bands"
- Summary:
  
  Bollinger, the creator of Bollinger Bands, provides an in-depth explanation of how to use this technical indicator to measure market volatility and identify trading opportunities. The book includes detailed examples of how Bollinger Bands can be applied in various market conditions.
- Why read it:
  
  Understanding how to use technical indicators like Bollinger Bands is crucial for identifying market trends and making informed decisions. This book is essential for traders looking to master volatility-based strategies.
Al Brooks – "Trading Price Action Trends"
- Summary:
  
  Brooks focuses on price action trading, a strategy that relies on interpreting raw price movements without the use of lagging indicators. His book teaches how to read price charts, identify trends, and use support and resistance levels effectively.
- Why read it:
  
  As one of the purest forms of technical analysis, price action trading can significantly enhance a trader's ability to react to market movements. Traders seeking a deeper understanding of market behavior will find Brooks' insights invaluable.