Truth of the Stock Tape

by W.D. Gann, Andras M. Nagy

This electronic version of the original book offers an invaluable introduction to the thought process of a master speculator, coupled with the introduction of Financial Astrology. After some painstaking dilemma, I have decided to remove the old charts from the book and edit the content to match that. It is my opinion that the text alone, can stand on its own merit as valuable content without some old unreadable charts of companies that most readers have never heard of.
It should be noted however that W.D. Gann made his trading decisions based on logic, mathematics and sometimes even Astrology. In advise the reader not to stop with this book, but to continue and study Gann's life and read his other books.
For those that are have never heard of W.D. Gann and his track record, what follows is a quote from Gann, himself:
“The proof of the value of these rules is that I have followed them myself in actual trading, I have made the money and kept it. I quote from a certified public accountant report of my trading record covering the period from April 11 to July 31 1933; ‘You made a total of 344 trades in stocks, cotton, rubber and grains. 310 of these trades showed profits and 34 losses. Your percentage on accuracy was 89% on the total number of trades. The capital on which you operated increased 26 1/2 times. On each $1000 of capital with which you started, you made a profit of $26,500 net’. During August and September 1933 I made 56 trades in cotton and rubber:53 showed profits and 3 showed small losses” – W.D. Gann

Genres: Finance

108 pages, Nook

First published June 1, 1996

About the author

William Delbert Gann (1878-1955) was an outstanding stock and commodities trader. He was also a prolific teacher of how to make speculation a profitable profession, writing some seven books and producing two courses on trading the stock and commodity markets. However Gann's superlative skill was his ability to forecast accurately the stock and commodity markets.

Reviews

[Matthew T · Rating 5 out of 5]

Simple yet Practical

This is a great book written by a man very confident in his trading approach. I do wish the producer of this copy included the charts, but if you can imagine the price swings of the securities listed, you can get an idea of how he determined accumulation and distribution, his basis for positioning his trades.

[Kiran Kumar · Rating 5 out of 5]

This book gave me the complete philosophical and spiritual insight into stocks.

[Arvind Balasubramaniam · Rating 5 out of 5]

Timeless wisdom from a master. Applicable a century late and for markets he was never aware of. I'm only halfway through it but it's enough for a 5* already.

[Jacqui Schischka · Rating 3 out of 5]

This book is obviously very dated and the charts were very hard to read (some of them completely unable to be read as they were so feint). But, there was a few interesting things in here.
Not a very easy read or particularly for a beginner trader but reading the work of an "expert" - however controversial - is never a waste of time.