Using The Darvas System

[toby]

DO - Breakout buy signal given. Buy @ 54.99
WFR - Breakout buy signal given. Buy @ 16.71

 

[SethArb]

do you ever go short using your
variation of the Darvas method?

 

[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.

 

[toby]

Quote from SethArb:

do you ever go short using your
variation of the Darvas method?

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....

 

[risktaker]

So, what returns (+-%) are you getting so far with this method?

 

[toby]

Quote from risktaker:

So, what returns (+-%) are you getting so far with this method?

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.

 

[toby]

Jun 27, 2005

Sold JOE for a loss of 3.4%

 

[zwanatico]

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.

 

[Kicking]

what is your hit rate with this method ? winners/losers and winners + breakeven /losers ? anything above 60%?

 

[toby]

Quote from zwanatico:

Darvas system is great!

Maybe if you look for narrow boxes... you could set up tighter stop losses.

Great idea!

By adding this condition as filter, the scan's result can be greatly reduce....thanks for your suggestion!!