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.
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....
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.
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.
what is your hit rate with this method ? winners/losers and winners + breakeven /losers ? anything above 60%?
Great idea! By adding this condition as filter, the scan's result can be greatly reduce....thanks for your suggestion!!