How to Make Speculation a Profitable Profession

W.D. Gann’s Rules for Trading . . .

HOW TO MAKE SPECULATION
A PROFITABLE PROFESSION

By W. D. Gann

WD Gann writes . . .“Speculation or investment is the best business in the world if you make a business of it. But in order to make a success of it you must study and be prepared and not guess, follow inside information, or depend on hope or fear. If you do you will fail.

Your success depends on knowing the right kind of rules and following them.” – WD GANN

George’s Commentary: Again Mr. Gann notes that one can’t indulge in either hope or fear when trading (or doing anything else in Life). 

Also, again, Gann emphasizes the need to Know the ‘right kind of rules’ and follow them in order to secure success. 

In the writings of W.D. Gann one must delve deeply into whatever he writes as there are ‘layers’ of meaning to be gleaned. He did this intentionally in order to ‘load’ the most information into the least amount of words. It therefore becomes necessary to discern the implications, exclusions, inclusions, roots and multiple meanings of the words Gann used.

When Gann writes about the ‘right kind of rules’ he’s telling you (by implication) that there’s also a ‘wrong set of rules’ (used  by the majority) that must be avoided in order to find success for the long-term.– GR Harrison

Next Rule: Fundamental Rule