Nicolas Darvas was born in Hungary. Darvas studied economics at the university of Budapest. At the age of 23, he fled Hungary during World War II. Eventually, he met up with his half-sister, who became his dancing partner. The team became one of the most successful acts in Europe, and the United States.
Darvas first became interested in the stock market in 1952. Like all beginners, he made a lot of mistakes, and lost money. He then realized that proper trading knowledge and experience are the keys to success in the stock market. Ultimately, he read over 200 books about trading the markets. His two favorite books were, "Tape Reading and Market Tactics", by Humphrey Neill, and "The Battle for Investment Survival", by Gerald Loeb. He basically read both of these books every week for a long time. This is how you become successful. Study, learn, and then implement, proper trading knowledge.
Between 1956 and 1958, Darvas turned $25,000 into over $2,000,000. He implemented a successful method, which fit his personality. This is very important.
Basically, Darvas looked for stocks that made a big advance, on much heavier than normal volume. He was a technical analyst, who bought when the big institutional buyers entered the market. He knew at this point, buyers were in control.
Darvas developed, "The Box Theory". The keys to this method included, searching for high volume increases as a stock moved higher in price. He especially liked the smaller issues, which typically moved faster. He would use a box to establish a price range. He would only buy if the stock broke through the top of the box on a major increase in volume.
I'm going to give you a basic idea of the method that Darvas used so successfully.