William Delbert Gann
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William Delbert Gann (June 6, 1878 – June, 1955), usually just called W. D. Gann, currently garners little name-recognition with the general public, but is well-known amongst traders. He was recognized not only for his trading abilities, but also for his financial market forecasts; the accuracy of these forecasts is the subject of substantial debate, and Gann's son later alleged that many of Gann's claims were fraudulent.
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[edit] History
Gann was born in Lufkin, Texas on June 6, 1878. He started trading in stocks and commodities in 1902, and in 1908 he moved to New York City and opened his own brokerage firm. His early trading career was far from successful and he went bust more than once. This impelled him to analyse the markets and claim successful predictions. Controversy surrounds his claims of trading successes and whether he did indeed reveal his real methods or whether he took his secrets to the grave.
Gann claimed to have made over 50 million dollars in profits from his market forecasting and trading. After five decades of forecasting and trading, WD Gann moved to Florida where he continued writing, publishing, teaching, and studying the markets up until his death in June, 1955.
He claimed to base his market trading and forecasting methods on time, as well as on price, and said repeatedly that "time is the most important" when it comes to analysing and forecasting market movements. He claimed to be able to determine not only what the turning-point's price would be, but also when it would occur.
[edit] Controversy
W D Gann's only son John Gann is alleged to have said that Gann never did actually make the sum that was claimed and actually lived off the proceeds of the books and courses that he sold.[citation needed]
[edit] Books by W D Gann
- Tunnel Thru The Air, or looking back from 1940
- Truth of The Stock Tape
- Wall Street Stock Selector
- How to Make Profts Trading in Commodities
- 45 Years in Wall Street
- Magic Word
- How to Make Profits Trading In Puts And Calls (an early text on trading options)
- Face Facts America
[edit] Personalities of Wall Street
See List of personalities associated with Wall Street.
