In this excerpt from one of Gann's most important courses, we delve into some hidden gems of trading, such as the art of pyramiding and basic rules for surviving in financial markets
Hi Richard, thanks for the comment. There would be so many things to say in answer to your question but it is too general. These are basic rules extracted from a Gann course: there is no trade now or trade later, rather they are principles to be used at all times. Throughout his life as a trader and investor, Gann covered so many topics and applied different techniques: from money management for each individual trade, to the capital to use, from fast trading to slow trading.
Thank you. "What is the trade now" is what my first boss would always ask all of us after we were talking about this and that. His point - how will you use this to make money? Discipline, which the Gann techniques impose, is always a valuable tool in the toolkit of traders and investors. Thanks
Your boss was definitely a very pragmatic person, and he was definitely right: in the world of investment and speculation there is a lot of smoke and arguments that lead nowhere. We need concreteness, and I completely agree with the boss. But sometimes doing a little basic education and reading guides that have stood the test of time is always a good habit 😉
Using these rules, what is the trade now?
Hi Richard, thanks for the comment. There would be so many things to say in answer to your question but it is too general. These are basic rules extracted from a Gann course: there is no trade now or trade later, rather they are principles to be used at all times. Throughout his life as a trader and investor, Gann covered so many topics and applied different techniques: from money management for each individual trade, to the capital to use, from fast trading to slow trading.
Thank you. "What is the trade now" is what my first boss would always ask all of us after we were talking about this and that. His point - how will you use this to make money? Discipline, which the Gann techniques impose, is always a valuable tool in the toolkit of traders and investors. Thanks
Your boss was definitely a very pragmatic person, and he was definitely right: in the world of investment and speculation there is a lot of smoke and arguments that lead nowhere. We need concreteness, and I completely agree with the boss. But sometimes doing a little basic education and reading guides that have stood the test of time is always a good habit 😉
Are these rules and advice still applicable? I see some change in the market..
Gann rules have stood the test of time!
I read this piece in one time. Words still relevant despite the years that have passed since they were written
So true!