didn't look at all the posts, so forgive me if this is repeated. Turn CNBC off. Remember he goes to Asia, I believe. He gets Barron's late, etc. Goes back to NY, sits in the brokers' office, and loses his ass. CNBC is poison.
I do not remember Nicholas Darvas writing much about how much risk to use when planning a trade. I remember one of his trades - the one with warrants - as a very risky trade. I recall reading Nicholas Darvas' book many times. Darvas' ability to hold a position and follow the trend is an inspiration to me.
It took me 5 or 6 reads before I realized "the key" to Darvas' stock selection process... it's funny because he barely discusses it and most of his readers think the boxes and the stops are the break through information... you may want to re-read the book and see if you can pick up what I did.
Wasn't Darvas under fire for fraud and doctored transactions before his death? Don't shoot, it's just a question.
Darvas box:breakout/ trend support/resistance buy/sell Better still--author a book. http://www.sethi.org/investments/darvas/index.phtml http://www.darvasboxes.com/ I have no affiliation or ulterior motives for posting these links ...just some things I found while cleaning out my cache addendum: There's nothing new under the sun here. Darvas used a visual process with rules, nothing more.