Using The Darvas System

Discussion in 'Journals' started by toby, Jun 15, 2005.

  1. mhashe


    I use a derivation of Darvas box system. Only I buy at the bottom of the box and keep a 3% stop from there. When it reaches back up to the box, sell 1/2 position.
    #11     Jun 17, 2005
  2. toby


    Sound very interesting....but how do you buy at the bottom of the box?

    Mind to share? Thanks in advance!!
    #12     Jun 20, 2005
  3. toby


    I only hold 5 to 8 stocks maximum in my actual trading, I just keep track the rest in to see how things are going with these Darvas qualifiers (those that are not in my portfolio).
    #13     Jun 20, 2005
  4. toby,

    Good luck, I'm a fan of Darvas.

    I noticed all the stocks are NYSE listed, any reason for this?

    #14     Jun 20, 2005
  5. toby


    A reverse box theory would work because stocks tend to stack boxes downward. That is a good play for shorting stocks.

    Nicolas's classic book should re-title as "How I Made 3,000,000 in the Stock Market"....:D
    #15     Jun 20, 2005
  6. toby


    Frontier Oil Corporation (NYSE: FTO)

    Adjusted Stop Loss Order for a 2-for-1 stock split = 21.03
    #16     Jun 21, 2005
  7. toby


    Welcome mate....

    The most direct way to participate in large moves is to trade volatile and trendy stocks.

    Then why NYSE, not Nasdaq? Nasdaq stocks are far too much volatile than NYSE stocks; this means we must put up with the fact that we will be stopped out at a higher rate with these Nasdaq stocks.

    Also, by limiting myself to NYSE listed stock is a way to reduce the number of selections and stop me to spend too much time looking at charts.
    #17     Jun 21, 2005
  8. toby


    Jun 21, 2005

    PHS - Breakout buy signal given. Buy @ 68.41
    #18     Jun 23, 2005
  9. toby


    Jun 22, 2005

    Stopped out of BAK at 16.92 for a 12.78% loss.

    #19     Jun 23, 2005
  10. toby


    Jun 23, 2005

    Stopped out of CHS at 33.31 for a loss of 5.61%

    #20     Jun 23, 2005