WD GANN: ON HOW MUCH PROFIT TO EXPECT

“Many traders make the mistake of expecting too much profit in a normal market. They hope for more than they get. The idea is to follow the trend and to determine whether you are in a war market, an abnormal market or just a normal trading market.”

Do not expect too much profits but follow up if you are right and protect your profits and get out when the trend changes, not before.”

“The average man or woman who goes into trading or speculation Commodities expects too much gain on their money. They expect to double their money in a few days, a few weeks, or a few months. This can be done at times, but these opportunities are rare and far between. The man or woman who expects big profits the first time a trade is made usually loses all the money they put up.” – WD GANN  1942

 

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