Join 10,000+ savvy traders that get Michael's exclusive insights & podcast episodes.

as seen on:

Ep. 360: “Pas de Dough” with Michael Covel on Trend Following Radio

How I Made $2,000,000 in the Stock Market by Nicolas Darvas

How I Made $2,000,000 in the Stock Market by Nicolas Darvas

Subscribe to Trend Following Radio on iTunes

A May 25, 1959 Time Magazine article called “Pas de Dough” was recently forwarded to Michael Covel. It was about a professional dancer named Nicolas Darvas, who had made two million dollars trading stocks. This was probably one of the first trend following articles to appear in a major publication.

Sports metaphors when it comes to trend following work great, but there are clearly others. For example, both trend following and dancing judge the public’s enthusiasm and use that as the indicator for the next move.

In this monologue, Covel talks about the article and Darvas’ book, breaks down the fundamentals of trend following, and explains why the philosophy behind trend following still applies today. He also comments on how trend following can be applied to the current black swan economic situations in China and Greece.

In this episode of Trend Following Radio:

  • What trend following and dancing have in common
  • The philosophical foundations of trend following
  • Stock trading and location independence
  • Why relying on “fundamentals” is fool’s gold
  • What being a silent partner in the trend means
  • Why Darvas’ thinking from 1959 still applies today
  • The importance of having no ego when it comes to trading

“The only sound reason for my buying a stock is that it is rising in price. If that is happening, no other reason is required. If that is not happening, no other reason is worth considering” –Nicolas Darvas

Mentions & Resources:

Rate and Review Trend Following Radio on iTunes

Want a FREE trend following DVD? Get it here.

Get the foundation to making money in up, down and *surprise markets on the Trend Following mailing list.

Have a question or comment about this episode? Post it below.

Tagged with: , , , , , , , , , , , ,
Posted in Podcasts, Trading 101, Trend Following
Free Market Wizard Video!

Receive FREE expert trader video now!

Covel Books & Film
Massive Performance

Trend following performance numbers.

Trend Trading Systems

Pricing for trend following systems. 1000s of clients across 70+ countries.

Live Trend Following

Michael Covel's live events.

Trend Following Podcast

Michael Covel's podcast. 3M+ listens; 400+ episodes: iTunes & Android.

 

Free Market Wizard Video!

Receive FREE expert trader video now!

Online Payments

 

Regular guy makes Trend Following fortune. His free video lesson: Watch It Now.