The legendary merchant WD Gann gained a fortune of 50 million dollars in the first half of the last century, although he died in 1955, his smart traders still use astonishing success with astonishing success.
Here we will look at the basis of Gann’s method and why he was so successful and what you can learn from them.
Gann’s method of trading
Gann’s trading method removes emotions from trading as well as all good methods:
It quickly liquidates losses and maintains long-term profitable trends.
Gann’s method did just that and he had results so far that were really amazing.
Before we look at how Gann made money, let’s look at some of his predictions:
1. He predicted an improvement in business in 1921, and Bull Run in stock.
2. In 1928 he predicted the end of the Bull Market in stock all year before the fall of 1929. He then bought shares in Dow at its lowest level in 1932.
3. In 1935, out of 98 stores of cotton, grain, and rubber, 83 stores made a profit.
These trades were verified independently and monitored from start to finish.
Gann’s unique method
Although Gann was a technical trader, he presented concepts that are unique and applicable today.
Because, he based his methods on the interaction between price and time.
Gann hypothesized that crucial price movements, and thus trend changes, occurred when price and time converged.
If price and time were not united, then time was more important than price.
Time was the ultimate indicator of trading, because as Gann said, all of nature was ruled by time.
In “Selecting Wall Street Stocks,” Gann stated:
“Just remember one thing, whatever happened in the past on the stock market and Wall Street will happen again. Progress in bull markets will come in the future, and panic will come in the future, just like in the past. This is the making of natural law. “
Gann’s work on price and time was not his only unique contribution to trading, he also used concepts such as Gann angles and Fibonacci sequences of numbers in his trading that were revolutionary at the time.
Gann produces a huge amount of work, and his insight into the psychology of traders and his unique way of trading has led to astonishing gains in his trading career.
What can you learn from Ganna
It would be good for all traders to study Gann’s unique and disciplined trading methods, as they can (and do) help anticipate important trend changes and trade them for profit.
Gann was a legendary trader and studying his methods will help you look for great earning potential.