By W. D. Gann (1942)
Your trend may have changed.
My rule is to get out and wait.
Study the reason for your losses.
Remember, you will never lose any money being out of the market.
Holding on to a losing trade is the worst thing you can do, and as a rule it continues to go against you, and the quicker you take a loss, the better.
Trade with the main trend.
It never pays to sell short in a Bull market because you are bucking the trend and may miss the top.
It never pays to buy in a Bear market, becuase you are bucking the trend and may miss the bottom and have losses. – WD GANN (1942)
George’s Commentary . . .
Here is another topic as current today as when it was first written by W.D. Gann back in 1942.
This rule will never change and is based on a mathematical principle.
In these writings of W.D. Gann, we can detect Gann’s keen powers of observation as applied to markets and traders.
Most become so emotionally attached to their trades that the concept of a change of trend in themselves and their equity accounts never occurs to them. I can assure you from my observations over the decades that Gann’s comments ring true and should be applied.
This process becomes a new type of STOP (for ALL further trading) that can keep one from hammering away at a market that’s gone sideways and trendless.
These are the very conditions where it’s best to . . .
Any tool that can help us to restrain our Human Nature to over-do an action without critically examining that action should be welcomed and used consistently. – GR HARRISON
The rediscovery of these WD Gann lost secrets (and many more) as well as other completely original discoveries are available to a limited number of students each year through The Harrison-Gann Trade Secrets Master Course. Contact me by e-mail for price and availability by clicking the box below.