William Delbert Gann, better known as WDGann is a true legend of global equity and commodity trade. Gann was born in Texas in 1878. He began his career as an astounding 50 years of trading in 1902.
In 1933 Gann made 479 trades, of which 422 were winners. This year was the performance of its capital an incredible 4000%. Gann began the incredible feats of trade, year after year. Ultimately, over its 50 year business career, Gann would be the total profit of 500 million todayDollars. Gann's trading rules and principles work equally well in the stock market or commodity market.
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Gann was a genius and its principles of operation of the market and methods are as valid today as they were twenty years ago. Gann in 1942 a book titled "How to make profits in commodities", wrote. In this book, Gann gave us the best of his 50 years of trading experience. Included are 28 rules of trading value.
Gann believed one should learn the knowledge of trade andeliminate the fear and hope. You should only trade on facts. It 'important to use stop-loss orders to protect your capital and profits. Gann also said that nothing more to help in these last for raw materials and the investigation of his actions.
Gann firmly believe to be independent when it comes to commercial success and a specific trading plan is necessary to achieve this success. Gann gave us a five titles of commercial success. They are knowledge,Patience, nerves, good health, and capital. Gann also gave good advice only small losses when it is wrong, non-commercial use, and never against the trend. After determining the trend of the market to go with him.
This is just the tip of the iceberg when it comes to amazing knowledge and wisdom of WD Gann. I would recommend reading his books, especially earlier in this article. Study his methods and principles. Become a better trader bySun
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