Hedge Fund Trader Greg Coffey Retires with $665 Million at Age 41, Renews Interest in the Nicolas Darvas Method

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Legendary trader Nicolas Darvas, a ballroom dancer who turned $25,000 into $2.25 Million with his unique trading system, will now have to move aside to make room for a newcomer in the trading hall of fame. News.com.au reported today that native Australian Greg Coffey, a showy hedge fund trader, has announced his retirement at age 41 with a fortune of $665 million. Share traders wanting to create their own riches find renewed interest in the Nicolas Darvas method.

It’s a modern day Darvas story, whereby a young trader amasses a huge fortune in a relatively short time period.

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News.com.au reported on 19 October 2012 that Australian native Greg Coffey resigned as hedge fund trader at Moore Capital Management, at the tender age of 41 with a fortune to the tune of $665 million. This news has reminded traders that gaining incredible wealth through the stock market is a real possibility, which has rekindled interest in the legendary trading style called The Darvas Method.

Only every now and then do phenomenal traders whiz through the market and take a massive portion of its profits with them. London-based hedge fund trader Greg Coffey being one of them, has accumulated wealth that many can only dream of. His extraordinary accomplishments come from an amazing drive to succeed.

“The interest in The Darvas trading method has picked up quite considerably since Coffey’s retirement was announced,” says trading coach David Jenyns of NicolasDarvas.org, “it’s a modern day Darvas story, whereby a young trader amasses a huge fortune in a relatively short time period.”

Based in London, the Australian born Coffey amazed his peers, and was often called ‘The Wizard of Oz’ because of his relentless trading, which ultimately created his success. He would trade throughout the night while his family slept, and even have his trading terminals stationed at hotels wherever he went on holiday. Even though he’s a young retiree, his fortune was a result of some serious hard work. A work ethic Nicolas Darvas displayed by amassing his fortune in only 18 months.

“Once a trader finds a tried and true trading method,” continues David, “all that’s necessary for success is a decent starting bank and the self discipline to stick to the rules. I believe this is why the Darvas Method is getting so much attention right now, it’s a well tested system that anyone can trade.”

Coffey’s employers, Moore Capital Management, would’ve been devastated when they received his letter of resignation. As stated on News.com.au, Coffey said, “After nearly 20 years in the financial markets I’ve decided to leave the industry.” His decision comes from the desire to spend more time to his growing family, which will include visiting his home country of Australia.

“Successful trading creates a revenue source that opens the doors to other investments opportunities,” remarks David Jenyns, “Coffey is clearly someone who understands wealth. He worked hard and now at only 41 years old can choose how he spends his time, without any worry about financial stability.”

Nicolas Darvas’s incredible trading system was understandably scrutinized by Wall Street Experts because he was a ballroom dancer by trade. He openly spoke about his trading which created a lot of scepticism, but once the legitimacy of his trades were proven, he became a legend amongst traders.

“Trading can lead to ultimate wealth,” says David, “I believe everyone has the opportunity to become a Greg Coffey, or a Nicolas Darvas, they just have to educate themselves first with a proven system like the Darvas Secrets.”

To find out more about the Darvas Method, click here.

About David Jenyns
Professional trader, coach and author David Jenyns created the NicolasDarvas.org site to help both new and experienced traders employ the right steps and trading plan to become successful in the stock market. David believes his success is partially owed to ‘paying it forward,’ therefore provides this detailed trading system information completely free for his students.

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