Using The Darvas System

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

  1. toby

    toby

    DO - Breakout buy signal given. Buy @ 54.99
    WFR - Breakout buy signal given. Buy @ 16.71
     
    #21     Jun 24, 2005
  2. do you ever go short using your
    variation of the Darvas method?

    :)
     
    #22     Jun 24, 2005
  3. toby

    toby

    HUM, LDG, MW and MXT are stopped out during the broad market selloff today.

    Please follow this link http://www.darvasboxes.com/report.html to view the current status of Current Darvas Holdings.
     
    #23     Jun 24, 2005
  4. toby

    toby

    As I mentioned in one of my previous posts, a reverse box theory would work because stocks tend to stack boxes downward. That is a good play for shorting stocks.

    However I haven't try it using my real money....:D
     
    #24     Jun 26, 2005
  5. So, what returns (+-%) are you getting so far with this method?
     
    #25     Jun 26, 2005
  6. toby

    toby

    I timidly invested $10,000 into the stock market and now am up to $12,000+ in my first 6 month of learning and trading by using this method.

    However I feel secure and in control for the first time with my investments (I have had 4 losing years in a row before I trade with the Darvas System). Maybe I am just lucky in this round.
     
    #26     Jun 27, 2005
  7. toby

    toby

    Jun 27, 2005

    Sold JOE for a loss of 3.4%
     
    #27     Jun 27, 2005
  8. Darvas system is great!

    But I think you cant afford a single loss of 10% or more.

    Maybe if you look for narrow boxes... you could set up tighter stop losses.
     
    #28     Jun 28, 2005
  9. what is your hit rate with this method ? winners/losers and winners + breakeven /losers ? anything above 60%?
     
    #29     Jun 28, 2005
  10. toby

    toby

    :)
    Great idea!

    By adding this condition as filter, the scan's result can be greatly reduce....thanks for your suggestion!! :cool:
     
    #30     Jun 28, 2005