I impatiently waited for the next day's cable. When I received it, there was
no doubt: the option market investing information was clearer and
more familiar. As though a veil was being lifted, once again the
investing information started to form before my eyes, giving
me some view of the option's option.
In the days that followed my option market investing information became clearer and clearer; I started reading the quotes like my old self. Once more I could see that some of the stocks were stronger, others weaker. Simultaneously my "feeling" started to return. Gradually, like an invalid, I began to regain my confidence. I recovered enough courage to try to approach the market again.
But I had learned my lesson. I decided to make it a permanent rule that I must never visit a brokerage office again for option market investing information. Also my brokers must be prohibited from picking up the telephone and calling me. I must only have option market investing information by cable - and nothing else.
Even if I returned to the New York hotel, the scene of my disastrous dealings, which is within a short taxi ride off Wall Street, my instructions would be unyielding. I must place Wall Street thousands of miles away from me. Every day my brokers must send me a telegram with option market investing information just as if I were in Hong Kong, Karachi or Stockholm.
Also, my brokers must never quote any option market investing
information to me, except the information that I asked for. They
must not tell me about any new option because that would immediately
come into the rumor class. I would pick new option
market investing information information myself, as I had always
done, by reading my weekly financial paper. When I saw one that
interested me and seemed to be preparing for a rise, I would ask
for quotations. I would only ask for one new quotation at a time.
Then, as I did before, I would study it carefully before deciding
if it was worth going into.
Like a man who has survived a plane crash and knows he must fly again immediately or lose his nerve, I knew only one way of making this method foolproof. I booked myself on a plane back to New York.
article is actually only a small snippet of Nicolas
Original Method Of Nicolas Darvas... The Young Dancer
Turned Investor Who, Within 18 Months, Turned $25,000
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Market Investing Information