Gann – A Track Out That Made Millions Uncover Record How!
LegendaryWtrader D Gann amassed a fortune of $50 million dollars in the first half of the last century, although he died in 1955, his commodity trading methods are still used today with stunning success by savvy traders.
Here we will look at the basis of Gann’s method and why he was so successful and what you can understand from them.
Gann’s Trading Method
Gann’s trading in modern times method takes the out ofemotiontrading like all good methods it:
Liquidates losses quickly and hold’s the longer-agreement profitable trends.
Gann’ more than ever s method did just that and he had a monitor record that was truly stunning.
Before we look at how Gann made cash, lets take a look at some of his predictions.:
as a matter of fact 1. He predicted improvements in business in 1921 and the Bull Run in stocks.
2. 1928 he forecasted the end of the Bull Field in stocks a full year in advance of the 1929 crash. He then bought stocks in the at an all time low inDow1932.
3. In 1935, of 98 trades in cotton, grain, and rubber, 83 trades showed a profit.
These as a matter of fact trades were verified independently and followed from inception to conclusion .
InterestinglysGann’, Unique Method
applicable Gann was a technical trader, he introduced concepts that were unique and still Although today.
Why?
Because, he basedhis methods on the interaction between price and time.
Gann postulated that crucial price movements and therefore trend changes happened when price and time converged.
If price and time were not in union, then time was more significant than price.
Time, was the, ultimate indicator for trading because as Gann stated all of nature was governed by time.
In the “Gann Street Stock Selector” Wall stated:
“Just remember one thing, whatever has happened in the past in stock field and Wall Street willthehappen again. This is the working out of a natural law” Advances in bull markets will come in the prospect, and panics will come in the ahead, just as they have in the past.
Gann’s work on price and time was not his only as it turns out unique contribution to trading, he also used such concepts as Gann angles and The Fibonacci numbers sequence in his trading which were revolutionary at the time.
Gann produces a vast volume of work and his insight into trader psychology and his unique way of trading saw him make some stunning gains in his trading career.
What You Can Discover From Gann
All traders would do well to study Gann’s unique and disciplined trading methods, as they can (and do) aid predict essential trend changes and trade them for profit.
Gann was a legendary trader and studying his methods will assist you seek big profit potential.