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    25 views19 pages

    5 6337073264262643966

    Uploaded by

    Maruthee Sharma

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    © All Rights Reserved
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    of 19
    LEARN BEFORE YOU LOSE OR WHY YOU HAVE LOST MONEY IN STOCKS AND HOW TO MAKE IT BACK Why do the great majority of people who buy and sell stocks lose? There are three main reasons: 1. They over-trade or buy and sell too much for their capital. 2. They do not place stop loss orders or limit their losses. 3. Lack of Knowledge. This is the mott important reason of all. Most people buy a stock because they hope it will go up and they will make profits. They buy on fips, or what someone else thins, without any conerete knowledge of their own that the stock will advance. Thus they entered the merket wrong and did not recognize this mistake or attempt to correct it until too late. Finally they sell because they fear the stock will go lower and often they sell out near low levels, geting out at the wrong fime, making two mistakes, getting in the market at the wrong time and getting out at the wrong time. One mistake could have been prevent they could have gotten out right after getting in wrong. They do not real: ize that operating in Stocks and Commodities is a business or a profession, the same as engineering or the medical profession. Why You Should Learn to Determine the Trend of the Market You may have tried fo follow market letters and like many others either lost money or failed to make profits, because the market letiers gave a list of too many stocks fo buy or sell and you picked the wrong one and lost. A smart man cannot follow another man blindly even though the other man is right, because you cannot have confidence and act on advice when you do not know what it is based on. You will be able to act with confidence and make profits when you can SEE and KNOW for YOURSELF why STOCKS should go UP or DOWN. That is why you should fake a Course of Instrue- tions and prepare yourself to act independent of the advice of others. Why | Teach My Methods Long years ia practical market trading and experience in teaching others has taught me what others need for success in speculation. They must learn a rule and how to apply it before they fake up the second lesson or set of Rules. When you first went to school yeu had to learn your A, B, Cs before you could read and when you started to study arithmetic you had to learn the four fundamental rules, addition, multiplication, division and subtraction. Than you were prepared io take up higher mathematics, elgebra and geometry. My Course or Leisons starts you in the seme way, leading you step by step and adding more rules when you are ready and can understand them. I have made a success in Wall Street and have all the income that | need, this fact can be proven by the records, | find real pleasure in h ing others who are trying te help themselves. Money it not everything life, when | teach a young man or woman how to protect and preserve their capital | am giving them valuable knowledge that they cannot lose, and no one can steal if or take it from them. You should never buy a method from a man who has not made money with it. W. D. GANN THIRTY-ONE YEARS IN WALL STREET The Founder and presidert of W. D. Gann & Son, Inc. has devoted 35 years exclusively fo the study of stock and commodity markets end has spent over $300,000.00 developing a worthwhile, practical method of Stock Fore- casting. During the past 31 years W. D. Gann has been in business for himself and under his own name in New York City. He is a member of the Commodity Exchange, Inc. of New York, New Orleans Cotton Exchange and is a Chris- tian and @ member of the Masonic fraternity. The Record of Ferecasts— Highlights through the years 1909—W. D. Gann's record as e forecaster daies back 30 years. We reprint part of an article written by the late Richard D. Wyckoff and pub- lished in the Ticker Magazine. This article is dated December 1909 and ate fests to Mr. Gann's remarkable ability as a forecaster over 30 years ago. WILLIAM D. GANN ‘An Opsrator Whose Science and Ability Place Him in the Front Ronl— His Remarkable Predictions and Trading Record. Sometime ago the attention of this mag- So repeatedly did hit figures prove to azine wer eliracted by certain long pull be eccurate, and so diferent did ‘hiv work Heck market pra which were being eppesr from that of any. expert whore made by William D. Gann, in @ number of cater Mr. Gi methods we had examined, that we sof about to investigate Mr. Gana and his Wey of figurina out these predictions, os well os the particular use which he wos 10 the thon prevailing mating of them inthe me ould nct be touched. The rosults of this investigation aro re= marlahle in many ways prices figuras which For imlanco, when Now York Conical wen 13\"he predicted that weuld sell at 145 before 12%. Mt appears fo be a fact thet Mr. Gann bs developed an sniely oem Hes fo fhe “principe: "governing stock merlet movements,” He bares his operations upon lain tural laws, which, though exiting Since the world Lege, hove only ie recent yrort beer tubjected to. the will of men Tne scded do the lit of seccelled modern Suvoved We hove adked Mu Gann for an oulline of hit weel and have sacured some rema- blo evidence et to tho rolls obtained therefrom. ‘thie in full recog silioe II Street ioe which vi the ‘wih @ now td ‘tho "treditions enceuteg siuntitic. view of the ‘propesiliensas. tof truelly valesmad by the majority, for the ‘lates Thought and ree fectviies said) marty ond Mr Gunn's description of hts experience ‘and methods is given herewith, It shoolé Be caud with « Tecognifion of th Erhed fact that’ Mr” Genn's_ predictions Fave. proved correet ina. lange majoity of inslencer “atten yeors of patient study 1 have proven te” my entite satisfaction es well Be demonstrated fo. others thet vibration Snpleiae every poste phase and conde ion of the merket! Mee Geen's ween able 10 In order to substentio climes fo what he hy 4s tader this method, ve called upon Mr. William E: Gilley, an Incesctor of Imports 1B Benes Sirech, New York Me Gilley is! vellinown in’ tho down-town district. He himell hes studied stock marke? move ipinie iy weatrciv veare rng, which Fine he har ssamined avery piesa ef me AG Hiereture thet shar boon towed “ond procuroble in Woll Street. it wer he who Sreeureged “Mr. Gann to study. cut The icentfie a | powtbilfieg of the se wh be {he mot imprestive of Mie Gann's werk and prediciors, he replted a+ follows: 8 voy Bel for me te remeber "e fawe n 1908 That it would ot touch 149 before tt hed 2igond bretk We sold it short all the way. dows to 152%. covering on the weak [pele and pulling i out again on tke Callies, securing twenty-three’ poials profit fut ef an cightoen-palat mevs “ro came te me when United States Steal war soling around 50 and anid 1 Wil coe up te 80 but it vill ot asl Be. From there it thou break, 1674 pent. We veld it thor srourd 56% ith s stop ot 59. The highest it wert ras 58%, From thore if dedined fo li, Ting point He predicted thet the ‘May option would soll af $135. We boushi it ed mede lerge profile on the way up WF ectually fovehed (135, ‘When Uri sn Paci wes 172, be seid it would go. 40.1867 bu! net an eighth higher undil it -hed ad a goed breals It want te TEA%y and came Bact from thore ight cr wing Hmen, We sald “est co peetedly "with aston at 185. end wore fever caught. It evenwally came Bact to Tai "Mr, Gunn's ealeuitions aro bared on natuctd lowe [have allowed bee work closely for yeas, I bnew thet be hore Tem grasp of the, beste’ principle: which Hock marlat movements, end 1 any, elher man on earth fet Bie mathed at “Ean th fof the advance. wotld fall on» certa Gay in August’ and calculated the pricet veer he figured thel the top St which the. Dow-Joner averages would fhan'stard. The madiel culminated on fhe csect day ond within fourteaths of one per cent. of the figures. predicted.” fou and Mr. Gann must have cleaned vp contidersble money om all these. opera Teas wer suggested, "Yen wo beve mode deat of eney. He hes taker helf ¢ milkon. dol: Tire gut of the mertet in the ped fer vers. | nea saw him fake $130, and Tn TeeTiken “one eronth ren it up fe cover $12,000." He con wevepound money Tosler than any men T ever “One of the most axtenithine esleulesten: made by Mr. Goan war dusing. Inst sum: fer, (1809) when he predicted that Sep Rember wheat woold tell af $1.20. Thi meant thot it uct touch thal! Bure bo. fore the end of the month of Seplember At twelve o'clock, Chicago ime, 09 Sep feppber eat (the prove thet hare dt zemething weeng. with ay whole Bo not vere ing al m vaty ns deat st the tradicg, losing’ at thst Bsore So much for whet Mr. Gant hes said ond done ot evidenced by hima and. athers Now er fo what dementtislions heve daten place before our representative Ourine the month of October, 1509, in twenty-five market days, Mr. Gant made, in the presence of our representulive, io hundred and. ighiyais teansecliont tn vore us atocks, on both the long end short ide of the mattet. Two hundred and Sislyfour ef these teuntactions resulled. in prolts; twenty-two in. losses, Tho cepilal with which he operated was doubled tor times, 40 that at the. end of the month he hed one thousand per ecat. of his ofiginalmergin In our presence Me Gaen sold Steal common short at 947%, raying that 1F would not ge to 95, It did net. On a diive which occurred during the week, nding Oclobar 27th Mr Gana bought Steal’ common at 881, saying thet i would net go to 88. The lowest 4 seld wot Bia. We hevo s0tm him give in one day sic fect “succes “orders in thy vome Hock, sight of which torsed out fo'be‘ tithe fp or the bottom eighth of thet paricver swing. The above we car pastuely voc, Such performances as there, coupled with forageing, are probebly unparalleled in hislory of the Sheet, somes R. Keene has sald, "The man whe is right siz times out of fen wi Iie Torlane." | Hore fe Ieadar, wh out any allempt lo mabe a th he did not brow the result: ‘were fo. be published), establithe: ‘a. record of over Rinety-two' per ecat profieble, trader. Mr. Gann has refuted to disclore bis mathed at any price, bul te those. sek fifcally “inclined” he’ has added tothe In 1912 Mr. Goan forecett the elaction of forecasting the election of very President since the been pubinhed in newspapers thoughout the country. We have requested Me. Garn to figure oct far the readare of the Tielar 4 few of the most string Indications which eppeer in hit caleulationt, "In presenting thete we with it undestood thatino mar, in or out of Wall Street, is infallible, Mc, Gann's figures at present indicats that the trend of tho slock merkot should, ering the. ssual bbe toward lower prices unlil March er April, 1970. He calculates thet May wheat, which i new selling ot $1.02, should not ‘ell below ‘he, and should sell af $1.45 nos! eprinc. On colton, which it now at about the If level, he eslimetes thel, after © good im from there ericen, the commedity should reach 182. in the sprieg of 1910. He looks for e corner in the March or May cation. Whither thace figurat prove correct or fact, will inno sense detract from the re Mr Gann her olisedy eitabe Taxes, and He is a gited hasan extesordinary ‘erm oy for figures, and. it on expert Tepe Reeder, Tale sway his science. and. he would beat the mo Teoding alone. Endowed at hi have so hestation in predic ively few Years seeive fall recognition eding operators. with such qualities, we 1g that Wh. D. Gann stone of Wall RO. Note--Sines, the above ferecait we made, Cotton har cuffered the. sapecte: decline, the extreme break having, been 120 points. Tho loweit on May” wheat this for has been $1015. It ie now selling af 10814. Woodrow Wilton and hat bean correct in Hime, Many of these forecasts have In the spring of 1918 Mr. Gann forccast the end of the World War. This forecast Heuald and other pay the Kaiser's abdication. epediall lly I Stock Forecast, ised late in 19 erred to # boom ty oll sant oul te newspepers throughost the country, and in Janvory, 1919, the New York pers gave Mr. Gann credit for foreceiting the end of the war and he forecest 2 big bull eacket His Stock Forecasts for 1920 and 1921 indie The 1921 Forecast callad the 2 bear morket vith sharp declines sich dete for bottom on sock in Auguit, (921 In 1923 Me. Gann wrote “ruth of the Stock Tepe” and forscaxt » big advance in chemical end aisplane stocks, which followed during the Coolidge bull campaign. This ook has been reviewed by newspapers and magazines throughout the country and favor. ably commented on by college professors, business men, investors and feeders, al of whom agreo that it is the best book ever wiitten on the nbject. His Stock Forecasts for 1924 and 1925 cullined the bull martet which folloved. In the sprin fF 1927, Mr. Gann wrote "The Tunnel Thru the Air, or Looting back From 1940." which contained many remarkable foracaits in regard to stocks and_com: nodities ond world events which have been fulfilled, In this book Mr. Gann said thei liom 1929 to 1932 there would be the worst panie in the world's history. Wrifing under he New York Stock Exchange closed bbecaure the people’ were panic-stricken and telling stocks is 9 matter of history that the New York Steck Exchenge did consider closing on October 3 to 5, but decided to slop short selling. The low af thet panicly decline was reached on October § and «rally of 22 tverages followed to November 9, 1931. to prevent complete regerdlest of pices inte in indusivial stock His 1929 Stock Forecest, issued en November 23, 1928, and based on his Master Time Factor, indicated the end of the fall market in August and early September, 929. He Heted’In ne uncertain forms that tho pasle would start In Septamber, 1929, ond that it would bo a great deluge with « Black Friday. We quote {rom the Forecast: "AUGUST—A few of the late movers will advance this month end reach final high. + *"* Unfavorable news vill develop which will slert declines and the long bull campeign vill come toe sudden end. Money roter wil be high and final top will be reached for i big beer cempaign. Stand from under! Don't get caught in the grest deluge! Re- hnember It ts 100 late to sell when everyone ts trying fo soll. * * SEPTEMBER—One of the shorpest declines of the year is in lous of confidence by invesion, and the public yill try to get oul damege crops and the general business outlock will become news will upset the marlet and unfavorable developments in foreign coun! Friday’ is indicated ond # panicky decline in stocks with only small ra {ide Will prove the mort profieble. You should sell short end pyremid on the way downs In the spring of 1930, Me. Gane wrot ke + pub lished in June, 1930. In this boot ho hed a chapter headed, “Investor Panic," which described conditions just ax thoy oceureed during 1931, 1932 and 1933. We quolo fore the book, poges 203-04: “the coming 15 fe 25 milli investors in the Unitod States who bold stocks in the leading’ corpore tions, and when once they get scared, which they will efler years of decline, then the felling wil be so terrific thet no buying power can withstand it. Stocks are so. wel Jributed in the hands of the public that since the 1929 panic meny people think that tho market it penierproo, but this seeming strength i: really the weeket! feature. of the market, * © * Wve

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