Nicholas Davas's box theory
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Description
Book Introduction
"Heroes of Wall Street" Series 03: The Complete Encounter with the Master's Masterpiece
Complete translation of the first edition without any edits
Founder of box theory
[Time] [Barron's] Highly Recommended Books
The third book in the most complete investment classic series, "Heroes of Wall Street," "Nicholas Davas Box Theory," has been published.
This is the sequel to "I Made $2.5 Million Through Stock Investment," which sold 400,000 copies as soon as it was published in the United States. In particular, this book is a reprint of "The Amazing Box Theory," which sells for up to 160,000 won on the used market.
After understanding the fundamentals of the stock market, Nicolas Davas developed his own investment principles and box theory, and achieved success with his own investment principles.
Unlike the first book, which contained the success story of the box theory, this book generously contains Dabas's sharp market insight and the know-how to succeed as an individual investor without being swayed by institutions, powerful forces, or short sellers.
Through his secrets to high investment success, readers will get one step closer to successful investing.
Complete translation of the first edition without any edits
Founder of box theory
[Time] [Barron's] Highly Recommended Books
The third book in the most complete investment classic series, "Heroes of Wall Street," "Nicholas Davas Box Theory," has been published.
This is the sequel to "I Made $2.5 Million Through Stock Investment," which sold 400,000 copies as soon as it was published in the United States. In particular, this book is a reprint of "The Amazing Box Theory," which sells for up to 160,000 won on the used market.
After understanding the fundamentals of the stock market, Nicolas Davas developed his own investment principles and box theory, and achieved success with his own investment principles.
Unlike the first book, which contained the success story of the box theory, this book generously contains Dabas's sharp market insight and the know-how to succeed as an individual investor without being swayed by institutions, powerful forces, or short sellers.
Through his secrets to high investment success, readers will get one step closer to successful investing.
- You can preview some of the book's contents.
Preview
index
How to Win at the Game of Forex Trading
Recommendation
Chapter 1: The Stock Market Is Another Casino
Is a new bull market underway?
Chapter 2 Even Honest Dealers Can Give Bad Advice
Chapter 3 Who is destroying the market?
Chapter 4 'Without a doubt' goes up.
Or else
Chapter 5: Why You're Losing Money Right After You Start Investing
Investment Club
mutual funds
Monthly Investment Plan
What's on 'Main Street'?
Chapter 6 How to Play the Buy Game
My box theory developed in this way
The beginning of box theory
When should I buy?
How should we live?
How to choose the right stock
Check the trading volume
stock fundamentals
Chapter 7: The Best Way to Protect Your Profits
How to apply a stop-loss order
How did I become a minor prophet through bulk selling?
Chapter 8 I succeeded with just two things!
Chronology of Nicholas Davas
Recommendation
Chapter 1: The Stock Market Is Another Casino
Is a new bull market underway?
Chapter 2 Even Honest Dealers Can Give Bad Advice
Chapter 3 Who is destroying the market?
Chapter 4 'Without a doubt' goes up.
Or else
Chapter 5: Why You're Losing Money Right After You Start Investing
Investment Club
mutual funds
Monthly Investment Plan
What's on 'Main Street'?
Chapter 6 How to Play the Buy Game
My box theory developed in this way
The beginning of box theory
When should I buy?
How should we live?
How to choose the right stock
Check the trading volume
stock fundamentals
Chapter 7: The Best Way to Protect Your Profits
How to apply a stop-loss order
How did I become a minor prophet through bulk selling?
Chapter 8 I succeeded with just two things!
Chronology of Nicholas Davas
Detailed image
Into the book
It wasn't a particularly painful or life-or-death decision.
The stop-loss order, which I had carefully calculated and set based on the 'box theory' that I had considered every time I bought stocks, made the decision for me.
Even if I had gone against the trend and bought back my shares after they had all been sold, my stop-loss order would have been triggered by automatic safety control at the first downward movement, and my shares would have been automatically sold again at that moment.
--- p.23~24
My first adventure in stock investing came purely by chance.
It wasn't Wall Street, it was Canada.
I was asked to perform at a nightclub in Toronto, and they made an unusual offer: instead of cash, I would be paid in shares of the Canadian mining company Breland.
At the time, I was performing in New York's Latin Quarter and had other performances scheduled, so it was difficult for me to continue performing in Toronto.
Due to personal reasons, I was unable to keep my performance appointment.
Feeling sorry, I offered to buy $3,000 worth of Breland stock with my own money.
--- p.33
Why do stock prices fluctuate so wildly? At first glance, the IBM chart seems illogical.
Moreover, the stock price fluctuation had nothing to do with IBM.
The rollercoaster price fluctuated with IBM's price on the New York Stock Exchange. IBM paid an annual dividend of $4 per share.
This amount represents less than 1% of the stock price. It's difficult to attach much significance to IBM's stock price movements.
Because no one would invest money to make 1%.
--- p.49
The New York Stock Exchange says its brokerage fees average around 1%.
This is the fee when the trading unit is 100 shares or more.
Short-term transactions incur higher fees.
You might think 1% is nothing.
To be honest, when I first got into the stock market in Toronto, I didn't even know that brokers charged commissions.
I had no time to think about where and how much he took in commission.
I was only concerned with the benefits I would gain.
At the time, the movement of the entire market seemed like a mysterious phenomenon to me.
--- p.71
The New York Stock Exchange found that of the 1.28 million people who said they were "intending to buy stocks soon," about half could not properly define what constitutes a common stock stake.
Did they ever consider investing in common stocks? Of course.
Based on various sources, we estimate that approximately 650,000 Americans believe that investing in stocks is a good idea.
What stocks, exactly, did you plan to invest in? Wall Street, with its brick walls, seemed to be all about stocks, but no one could clearly define what constituted a stock.
Given the circumstances, it was only natural that information experts would start raking in the money!
--- p.123
Another friend harbored the delusion that a declining stock would 'recover'.
He said to me:
“I am a small investor.
If we drop 8 points again, we won't be able to hold on any longer.
So I have no choice but to wait until the stock price rises to the price I bought it at to recover my losses.” When I heard that, I replied like this.
"You're waiting? The stock you bought at $33 a share is now worth $25.
Looking at the chart for the past six months, it seems impossible for this stock to rise again.
Rather than rising, it continues to fall gradually.
If you were thinking about entering the market right now, what would you do? You wouldn't even consider a $25 stock that's been losing money for months.
Of course, you'll want to look for stocks that are cheaper and show a steady upward trend.
So, why don't you just cut your losses on that stock and look for another one? Sell now to cut your losses.
--- p.146~147
We set a buy price at the point where the stock has accumulated enough energy to break through the ceiling and enter a new box at its highest level in history, or closest to a possible penetration point.
If a stock is within a box set between $36.50 and $41, and $40 is the all-time high based on closing price, I would place a buy order when I expected it to break through the upper limit of $41.
For example, if the daily high actually breaks through the $41 ceiling for three consecutive days, regardless of the actual daily price.
The stop-loss order, which I had carefully calculated and set based on the 'box theory' that I had considered every time I bought stocks, made the decision for me.
Even if I had gone against the trend and bought back my shares after they had all been sold, my stop-loss order would have been triggered by automatic safety control at the first downward movement, and my shares would have been automatically sold again at that moment.
--- p.23~24
My first adventure in stock investing came purely by chance.
It wasn't Wall Street, it was Canada.
I was asked to perform at a nightclub in Toronto, and they made an unusual offer: instead of cash, I would be paid in shares of the Canadian mining company Breland.
At the time, I was performing in New York's Latin Quarter and had other performances scheduled, so it was difficult for me to continue performing in Toronto.
Due to personal reasons, I was unable to keep my performance appointment.
Feeling sorry, I offered to buy $3,000 worth of Breland stock with my own money.
--- p.33
Why do stock prices fluctuate so wildly? At first glance, the IBM chart seems illogical.
Moreover, the stock price fluctuation had nothing to do with IBM.
The rollercoaster price fluctuated with IBM's price on the New York Stock Exchange. IBM paid an annual dividend of $4 per share.
This amount represents less than 1% of the stock price. It's difficult to attach much significance to IBM's stock price movements.
Because no one would invest money to make 1%.
--- p.49
The New York Stock Exchange says its brokerage fees average around 1%.
This is the fee when the trading unit is 100 shares or more.
Short-term transactions incur higher fees.
You might think 1% is nothing.
To be honest, when I first got into the stock market in Toronto, I didn't even know that brokers charged commissions.
I had no time to think about where and how much he took in commission.
I was only concerned with the benefits I would gain.
At the time, the movement of the entire market seemed like a mysterious phenomenon to me.
--- p.71
The New York Stock Exchange found that of the 1.28 million people who said they were "intending to buy stocks soon," about half could not properly define what constitutes a common stock stake.
Did they ever consider investing in common stocks? Of course.
Based on various sources, we estimate that approximately 650,000 Americans believe that investing in stocks is a good idea.
What stocks, exactly, did you plan to invest in? Wall Street, with its brick walls, seemed to be all about stocks, but no one could clearly define what constituted a stock.
Given the circumstances, it was only natural that information experts would start raking in the money!
--- p.123
Another friend harbored the delusion that a declining stock would 'recover'.
He said to me:
“I am a small investor.
If we drop 8 points again, we won't be able to hold on any longer.
So I have no choice but to wait until the stock price rises to the price I bought it at to recover my losses.” When I heard that, I replied like this.
"You're waiting? The stock you bought at $33 a share is now worth $25.
Looking at the chart for the past six months, it seems impossible for this stock to rise again.
Rather than rising, it continues to fall gradually.
If you were thinking about entering the market right now, what would you do? You wouldn't even consider a $25 stock that's been losing money for months.
Of course, you'll want to look for stocks that are cheaper and show a steady upward trend.
So, why don't you just cut your losses on that stock and look for another one? Sell now to cut your losses.
--- p.146~147
We set a buy price at the point where the stock has accumulated enough energy to break through the ceiling and enter a new box at its highest level in history, or closest to a possible penetration point.
If a stock is within a box set between $36.50 and $41, and $40 is the all-time high based on closing price, I would place a buy order when I expected it to break through the upper limit of $41.
For example, if the daily high actually breaks through the $41 ceiling for three consecutive days, regardless of the actual daily price.
--- From the text
Publisher's Review
2 million "Sampro TV" strongly recommended books
The sequel to "I Made $2.5 Million Through Stock Investment"
[Time] [Barron's] Highly Recommended Books
“I never sell when the stock price is rising.
Why did you get off the winning horse?
I never buy a falling stock.
Why would you take a losing hand?
As you advance towards the field, there will inevitably come a time when you can mount a horse that has stopped early.”
_ Nicholas Davas
The Wall Street darling who changed the rules for the American stock exchange Amex
Uncovering the essence of the stock market!
The third book in the most complete investment classic series, "Heroes of Wall Street," is "Nicholas Davas' Box Theory."
This book is also a sequel to “I Made $2.5 Million Through Stock Investment,” which sold 400,000 copies immediately after its publication.
Nicolas Davas, a Hungarian exile, was such a great dancer that he had a 14-month long run at the Latin Quarter club in New York.
He started investing by chance and made $2.25 million in profits in 18 months, and his success story soon shook Wall Street.
[Time] introduced Davas as 'the stock market's best forecaster', and [Barron's] featured his amazing success story.
In this way, he wrote his first book about how he was able to beat the market and his success story with the “box theory,” which became the cornerstone of “box rights” in the stock market.
After the success of his first book, the publisher offered him a second one.
After observing the stock market as an individual investor for over a decade, Davas realized that the stock market resembles a casino and that investing is a form of gambling.
After understanding the essence of the stock market, he developed his own investment principles and box theory, and succeeded in investing in his own way.
Unlike the first book, which contained the success story of the box theory, this book generously contains Dabas's sharp market insight and the know-how to succeed as an individual investor without being swayed by institutions, powerful forces, or short sellers.
History repeats itself in the stock market.
Predicting a Crash with Box Theory
The U.S. stock market plummeted by more than 20% due to the Federal Reserve's interest rate hike and tightening policy caused by inflation.
On the first day of the 1962 crash, thousands of securities accounts were wiped out again, just as they had been during the Great Depression of 1929.
The extent of the impact was much larger than [the Post] initially predicted.
$20.8 billion disappeared overnight, and a week later, the loss had grown to $40 billion.
Nicholas Davas, who predicted the crash, was able to protect his assets by liquidating all his accounts before the crash.
It wasn't painful or life-or-death struggles, it was all sorted out automatically.
He was able to avoid the "worst stock market in 30 years" by carefully calculating and setting stop-loss orders based on the "box theory" he considered when trading stocks.
The 1962 landslide bears a striking resemblance to the current market, which is shrinking due to fears of global inflation in 2023.
The stock market, like the economic system, is structured to repeat booms and recessions.
After a recession sweeps the market, there is a slight rebound.
If the stock price goes down, it will definitely go up someday.
Nicholas Davas made a fortune in a casino called Wall Street.
In particular, he confessed that as a more conservative investor than anyone else, his heart sank every time he saw the stock index fall by one or two points.
Because of that fear, he created his own guidelines.
His guidelines, which have a high probability of winning, will certainly increase investors' chances of success in the stock market.
Nicholas Davas,
Success with just two things!
Nicolas Davas said the secret to his success was 'box theory' and 'stop loss'.
In particular, he worked as a dancer at night and slept in the morning when the stock market was open, so he made all his investments through automatic trading.
As his first book became a bestseller, many individual investors who followed him created stop-loss lines and set automatic trading, which caused a downturn in the market and made the market even more difficult, so Amex, one of the US stock exchanges, even created a law prohibiting stop-loss orders.
The then-Attorney General, who found it hard to believe that a Hungarian exile dancer, not even a Wall Street expert, could succeed in stock investing, threw his first book away and called it a complete lie.
Then they went so far as to amend the law to expand the prohibition on fraud or misrepresentation when giving investment advice.
His successful investment seemed to come easily, but after his success in the Breland mine stock, contrary to his wishes, he continued to fail at investments. While working as a dancer, he studied how to succeed in investments by reading about 200 books whenever he had free time.
We often say that it's difficult to succeed as a professional investor because you can't monitor stock prices from the opening of the market. However, Davas succeeded in investing while being passionate about his work.
All of Davas' secrets to successful investment are revealed in this book.
The quickest path to success is to follow the path of the master.
Let's follow the path that Davas shows us.
The sequel to "I Made $2.5 Million Through Stock Investment"
[Time] [Barron's] Highly Recommended Books
“I never sell when the stock price is rising.
Why did you get off the winning horse?
I never buy a falling stock.
Why would you take a losing hand?
As you advance towards the field, there will inevitably come a time when you can mount a horse that has stopped early.”
_ Nicholas Davas
The Wall Street darling who changed the rules for the American stock exchange Amex
Uncovering the essence of the stock market!
The third book in the most complete investment classic series, "Heroes of Wall Street," is "Nicholas Davas' Box Theory."
This book is also a sequel to “I Made $2.5 Million Through Stock Investment,” which sold 400,000 copies immediately after its publication.
Nicolas Davas, a Hungarian exile, was such a great dancer that he had a 14-month long run at the Latin Quarter club in New York.
He started investing by chance and made $2.25 million in profits in 18 months, and his success story soon shook Wall Street.
[Time] introduced Davas as 'the stock market's best forecaster', and [Barron's] featured his amazing success story.
In this way, he wrote his first book about how he was able to beat the market and his success story with the “box theory,” which became the cornerstone of “box rights” in the stock market.
After the success of his first book, the publisher offered him a second one.
After observing the stock market as an individual investor for over a decade, Davas realized that the stock market resembles a casino and that investing is a form of gambling.
After understanding the essence of the stock market, he developed his own investment principles and box theory, and succeeded in investing in his own way.
Unlike the first book, which contained the success story of the box theory, this book generously contains Dabas's sharp market insight and the know-how to succeed as an individual investor without being swayed by institutions, powerful forces, or short sellers.
History repeats itself in the stock market.
Predicting a Crash with Box Theory
The U.S. stock market plummeted by more than 20% due to the Federal Reserve's interest rate hike and tightening policy caused by inflation.
On the first day of the 1962 crash, thousands of securities accounts were wiped out again, just as they had been during the Great Depression of 1929.
The extent of the impact was much larger than [the Post] initially predicted.
$20.8 billion disappeared overnight, and a week later, the loss had grown to $40 billion.
Nicholas Davas, who predicted the crash, was able to protect his assets by liquidating all his accounts before the crash.
It wasn't painful or life-or-death struggles, it was all sorted out automatically.
He was able to avoid the "worst stock market in 30 years" by carefully calculating and setting stop-loss orders based on the "box theory" he considered when trading stocks.
The 1962 landslide bears a striking resemblance to the current market, which is shrinking due to fears of global inflation in 2023.
The stock market, like the economic system, is structured to repeat booms and recessions.
After a recession sweeps the market, there is a slight rebound.
If the stock price goes down, it will definitely go up someday.
Nicholas Davas made a fortune in a casino called Wall Street.
In particular, he confessed that as a more conservative investor than anyone else, his heart sank every time he saw the stock index fall by one or two points.
Because of that fear, he created his own guidelines.
His guidelines, which have a high probability of winning, will certainly increase investors' chances of success in the stock market.
Nicholas Davas,
Success with just two things!
Nicolas Davas said the secret to his success was 'box theory' and 'stop loss'.
In particular, he worked as a dancer at night and slept in the morning when the stock market was open, so he made all his investments through automatic trading.
As his first book became a bestseller, many individual investors who followed him created stop-loss lines and set automatic trading, which caused a downturn in the market and made the market even more difficult, so Amex, one of the US stock exchanges, even created a law prohibiting stop-loss orders.
The then-Attorney General, who found it hard to believe that a Hungarian exile dancer, not even a Wall Street expert, could succeed in stock investing, threw his first book away and called it a complete lie.
Then they went so far as to amend the law to expand the prohibition on fraud or misrepresentation when giving investment advice.
His successful investment seemed to come easily, but after his success in the Breland mine stock, contrary to his wishes, he continued to fail at investments. While working as a dancer, he studied how to succeed in investments by reading about 200 books whenever he had free time.
We often say that it's difficult to succeed as a professional investor because you can't monitor stock prices from the opening of the market. However, Davas succeeded in investing while being passionate about his work.
All of Davas' secrets to successful investment are revealed in this book.
The quickest path to success is to follow the path of the master.
Let's follow the path that Davas shows us.
GOODS SPECIFICS
- Publication date: November 10, 2022
- Page count, weight, size: 232 pages | 398g | 152*225*18mm
- ISBN13: 9791190977869
- ISBN10: 1190977869
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