How I made $2,000,000 In The Stock Market by Nicolas Darvas is one of the best-selling trading books of all time.

Despite being written about 60 years ago, it has some lessons to be learned.

Here are a few timeless lessons Darvas learned:

#trading $spy #tradingquotes $qqq
1/7 1. My estimate that I would be right half of the time could be optimistic.
2. I knew that I had to adopt a cold, unemotional attitude toward stocks; that I must not fall in love with them when they rose and I must not get angry when they fell.

2/7

There are three important elements in #trading (in somewhat ranked order):
1. Having a true statistical trading edge(s).
2. Avoid behavioral mistakes (having a good trading mindset).
3. Have proper risk management.

#riskmanagement #risk What is most important in trading?

Having a statistical #edge is the most important.

No trading mindset and/or risk management can ever replace a true statistical edge.

quantifiedstrategies.com/psychology-ove…