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  #14  
Old July 31, 2003, 02:27 PM
Erik Lukas
 
Posts: n/a
Default Re: How I Made 2 Million Dollars In The Stock Market...

> Anybody read it and tried it? It was written
> in the 1950's. I read about a chapter of it
> at the bookstore. Highly entertaining.

I read it and would recommend it. It's one of the classics.

As you read it, you'll see that his theory of buying and protecting with moving stop losses (boxes) is simple, and that the theory and idea CAN still be used profitably today.

However, you'll also read his story of investing from Canadian mining stocks to the far reaches of the world investing by the newspaper numbers only. And you'll see that the probability of doing it the way he did with a few huge (lucky) kills is unlikely.

Interesting but unwise in the time of dot bombs.

But like I said, worthwhile for you smart sowpubbers. No Elliot waves, fibonacci numbers, double bottoms, or retracement figures. Find what works for you.

Being a poor college student with an addiction to fast cars, I have a lack of money at the time or I could give you a more first hand real trading account, Adam. Wish I could. Hopefully soon.

> Got distracted, set it down and now need to
> go back and buy it.

You will have to go back and buy a copy!

-Erik