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What did you like best about How I Made $2,000,000 in the Stock Market? What did you like least?
The story and the reading of the story are fine. However, there are paragraphs omitted, even pages in some areas. This, at least to me anyway, is not what 'UNABRIDGED' means.
I found that some of the abridged paragraphs contained interesting insights from the author and not something that I would have skimmed over if I were actually reading the printed version.
If you're going to put the words 'UNABRIDGED' on an audiobook, don't remove anything.
20 of 21 people found this review helpful
I really enjoyed listening to Nicolas's story. A bit of luck launched his investing career. Repeated failures almost ended it. Determination, self examination, and lots of hard work led to eventual success and a repeatable method to consistently make money in stocks.
As I listened to the story, I could see elements of Reminiscences of a Stock Operator by Edwin Lefevre, Market Wizards by Jack Schwager, Rule #1 by Phil Town and How to Make Money in Stocks by William O’Neil. What Nicolas discovered was that to make money in stocks, he needed to 1) find the right company and put it on a watch list; 2) wait for the stock price to start moving up before buying in; 3) always protect the downside by placing a protective stop, 4) sell losers and keep winners; and 5) sell when the price stops going up.
Nicolas's “box” method is very close to the Turtle trading method. It can work spectacularly well, but it does require discipline. He made money as long as he remained disciplined. He lost money when he failed to be disciplined. Excellent story, great message, I highly recommend this listen.
17 of 18 people found this review helpful
The title is clickbait 60 years before clickbait existed, and parts of the book are definitely period pieces, such as dealing with suspicious Japanese telegraphers who thought his stock symbols might be a sign of espionage. But if you can look past the cheese-ball title, and occasional anachronisms, there is a ton of great advice here.
The learning process he describes, his mistakes, his flawed reasoning and false assumptions will be instantly recognizable to most of us who have tried our hands at being our own fund managers. The solutions he gradually and painfully comes up with for those problems remain relevant, despite a hugely different investing world, because they are based on the human psychology that drives people to make the same mistakes in the 21st century as they made in the 1950s.
I do wish he hadn't put quite so many long lists of trades in however.
Narrator does a good job.
finish it in no time. great and fun read. Highly recommend anyone interested in trading!
Don’t waste your money
Narrator was very good to put you to sleep when tired
As a fundamental investor I have learnt to use charts to find price action and volume. I use LEAP options where I can or if buying the underlying stock I use limited leverage with trailing stop losses. The Darvas system is similar to my trading and after reading this book I believe I have learned how to improve my trading but ultimately like Darvas if anyone wants to learn how to invest and trade successfully there is no substitution for live trading with your own money, not dummy accounts.