Nicolas Darvas

Hungarian by birth, Nicolas Darvas trained as an economist at the University of Budapest. Reluctant to remain in Hungary until either the Nazis or the Soviets took over, he fled in June 1943 at the age of 23 with a forged exit visa and fifty pounds sterling to stave off hunger in Istanbul, Turkey. Sometime later, he met up with Julia (his half-sister) who became his partner in a dancing team that was to become one of the most successful acts in Europe and the United States.
In April 1953 Darvas and Julia appeared with Judy Garland and Bob Hope. By 1956, Darvas and Julia were touring the world.
Darvas ploughed his money into a couple of stocks that had been hitting their 52-week high. He was utterly surprised that the stocks continued to rise and subsequently sold them to make a rare profit.
Darvas decides to regroup to assess this remarkable occurrence. And it was here that Darvas came up with this approach and plan for trading stocks that was to see him achieve $2,450,000.00 fortune in just 18 months, during the 1957-58 bull market.
At the age of 39, after accumulating his fortune and also being exposed in Time magazine. Darvas was to document his actions in the book, How I Made 2,000,000 in the Stock Market.