The legendary merchant WD Gann amassed a fortune of $ 50 million in the first half of the last century, although he died in 1955, his trading methods are still used with astonishing success by sensible traders.
Here we will look at the basics of Gan’s method: why he was so successful, and what you can learn from them.
Gani trade method
Ganymede’s trading method removes trading emotions, like all good methods.
Quickly liquidates losses և Maintains long-term profitable trends.
Ganymede’s method did just that,: he had a record that was truly astonishing.
Before we look at how Gannah made money, let’s look at some of his predictions.
1. He predicted business improvements in 1921 և stock bull run.
2. In 1928, he predicted the end of the Bull stock market a year before the 1929 crash. He then bought shares in Dow in 1932 at an all-time low.
3. In 1935, 83 out of 98 cotton, grain and rubber trades made a profit.
These transactions were checked independently, backed up from beginning to end.
Gani’s unique method
Although Gann was technically commercial, he came up with ideas that were unique and applicable to this day.
Because he based his methods on price-time interaction.
Gann assumed that significant price fluctuations և, consequently, changes in trends occurred when price և time coincided.
If price and time were not in the union, then time was more important than price.
Time was the ultimate indicator of trade because, as Gann noted, all of nature was governed by time.
In the “Wall Street Stock Selector”, Gann noted:
“Just remember, what happened in the past on Wall Street will happen again. bull market markets will come in the future, և panic will come in the future, just like in the past. This. is the elaboration of a natural law “
Price-Time Gan’s work was not his only unique contribution to trade; he also used concepts such as Gan’s angles, the Fibonacci sequence of numbers in his trade, which were revolutionary at the time.
Gann does a great deal of work, and his insights into his unique horse և trader’s psychology’s trade show that he has had some shocking accomplishments in his trading career.
What can you learn from Gan?
All traders would do well to explore Ghana’s unique, disciplined trading methods, as they can (‘s) help predict potential trend changes and trade them for profit.
Gan was a legendary trader, ուսումնասիր studying his methods will help you look for big profits.