Truth of the Stock Tape
$15.22
Truth of the Stock Tape is one of W.D. Gann’s earliest and most practical masterpieces, first published in 1923. In this seminal work, Gann lays the foundation of his entire trading philosophy, showing how every market movement is the visible result of underlying law, rhythm, and human psychology. Far from being just a manual on tape reading, it is a guide to understanding how price, volume, and time interact to produce market trends.
Gann presents his method of analyzing the “stock tape”—the real-time record of transactions—to detect accumulation, distribution, and trend reversals. He explains how to interpret volume surges, swing lengths, and price reactions with mathematical precision, teaching the reader to read the market as a living organism governed by natural law.
Throughout the book, Gann emphasizes discipline, patience, and the moral principles of speculation, proving that lasting success in trading is achieved not through chance but through the mastery of law, geometry, and proportion. Nearly a century later, Truth of the Stock Tape remains indispensable for anyone seeking to understand the technical and psychological foundations of all financial markets.
✅ What You’ll Learn:
- How to interpret the stock tape to reveal market strength or weakness.
- Gann’s rules for identifying accumulation and distribution phases.
- The relationship between price, time, and volume in trend formation.
- Methods for confirming trend changes and profit-taking points.
- How natural law governs market rhythm and investor behavior.
- The ethical and psychological discipline required for successful speculation.
💡 Key Benefits:
- Master Gann’s original, rule-based approach to market interpretation.
- Learn to read the market without reliance on indicators or software.
- Gain confidence in spotting major turning points through tape logic.
- Discover the timeless trading psychology that drives every market cycle.
- Build a foundation for understanding all later Gann techniques and writings.
👤 Who This Book Is For:
For traders, analysts, and serious students of technical analysis who wish to study Gann’s original method of price-time interpretation. Essential reading for anyone pursuing the geometric and cyclical trading principles that define Gann’s legacy.
📚 Table of Contents:
- The Basis of My Forecasting Method
- How the Stock Market Works
- The Value of Knowledge
- Manipulation and Market Control
- The Law of Supply and Demand
- How to Read the Tape
- Volume and Its Relation to Price
- Market Phases and Reversals
- Market Psychology and Human Nature
- Time and Price Relationships
- Rules for Successful Speculation
- Conclusion – The Truth of the Tape
Truth of the Stock Tape By William Delbert Gann (W. D. Gann)
| Author(s) | |
|---|---|
| Product Type | Ebook |
| Format | |
| Skill Level | Intermediate to Advanced |
| Pages | 200 |
| Publication Year | 1923 |
| Delivery | Instant Download |
16 reviews for Truth of the Stock Tape
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Florence Rich (verified owner) –
It’s a must have for every beginner trader out there. Gives a whole lots of perspective from other side of table. Pardon for my english.
Blaine James (verified owner) –
Its all about psychology of trader. Chart are so small tnat one can’t see it. Dicussed about accumulation and distribution, nothing else.
Kashton Taylor (verified owner) –
This is full of wisdom, but I had difficulty reading the charts because they are so small, also the construction of numbers on the charts is such that they do not magnify clearly. I will read the book again. Good value.
Romeo Pham (verified owner) –
It’s a Must have book for Traders.
Elliott Cordova (verified owner) –
Helpful for beginners
Miller Duarte (verified owner) –
Good quality.
Callie McKinney (verified owner) –
Very nice book.. it helps me a lot
Kairo Gallegos (verified owner) –
Nicely written 👌
Ari Quintero (verified owner) –
Psychology explain very simple strongly. As relevant as 100 year back.
Kynlee Gould (verified owner) –
Every trader must read this book happy trading!
Thatcher Murillo (verified owner) –
This is a very light book from William Gann. Other books that I have read by him are much deeper, and provide much better information. When I purchased this book, I also purchased How to Make Profits in Trading Commodities. That book is a much better buy, than Truth of the Stock Tape.
Idris Snyder (verified owner) –
like the book.
Sofia Noble (verified owner) –
William D Gann was undeniably the best stock trader in history. In this book, he shares his knowledge.
Novah Simpson (verified owner) –
If you want to seriously deal with Gann analysis, you can’t miss this book. It’s Gann’s first book. It describes the price movements not only phenomenologically, so according to the motto, if the course does something specific, e.g. break a resistance line, it is likely to rise (fall). Gann goes beyond that and places the price movements in connection with manipulations by insiders who want to release their papers at excessive prices. Sometimes courses are pressed artificially to provide insiders with affordable entry opportunities. The papers move back and forth between 2 groups of market participants, the informed insiders and the uninformed public. Now insider trading is prohibited today, but the notion that large price movements have their reason to change ownership between different types of investors is still very helpful. For the first time, it offers a model that goes beyond the mere description. What else is in the book is also very interesting. Especially since it comes from someone who has been very successful himself. The reading, however, is quite exhausting due to the Gann’s method of recallecting a course course. This is a real textbook, but from an area in which the inventor of a theory explains it in book form. This is rather unusual in other “sciences”. No physics student reads, for example, the original works of Einstein or Heisenberg. As a speculator, you are in a far less favourable situation. Most of the secondary literature comes from people who have no idea and earn money with it. So you get around with the didactically often moderate original literature. So bite through, it’s worth it.
Mikaela Doyle (verified owner) –
This book can give u profit every day….with no stop loss hit…..and all that.
U have to read this book at least 10 times….he has a method of trading based on astrological aspects…..pls buy it…u will not buy anything else…go for it
Quinn Garrett (verified owner) –
William Delbert Gann. A legend name for a mythical trader whose techniques and philosophy remain poorly known.
By buying this book, I expected to get into the heart of the techniques of one of the greatest traders in history, if not the largest.
Unfortunately, Gann’s techniques were mainly taught by private lessons, which were (to my knowledge) gathered in the Collected Writtings of Gann, a series of writings gathered by the Institute of Cosmological Economics. Some of his advanced techniques may have been stated in some of his public books published after it, but not in that one.
This book is the account of 20 years of market experience. Here you will not find the Gann that we know: enigmatic, elusive, whose creativity is matched only its brilliance. Here you will find the figure of the experienced trader, having bottle, having made all the mistakes to make and enumerating them to the reader. This book shows us with so much other evidence that Gann was indeed a real professional trader and not a Sunday trader or a dream sellers as some claim.
This book tells all the fundamentals of trading, from technical analysis to emotional, I say the fundamentals, not the basics.
It is in a way the book of the perfect beginner in which he will find all the notions he will have to use to start his adventure well.
I compare it a bit in this sense to “How to trade in stock” written by Jesse Livermore, for me the book by which any speculator should start.
Where Jesse Livermore is much more philosophy oriented, Gann is much more focused on market experience. There may be some pretty concrete tips in this book like how to act during a powerful bullish movement, what are the signs of dangers, but no techniques are dealt with in detail. It is really, in my opinion, an initiatory book, useful when you start, but not really when you read about 20 and have a year and a half of experience and research in trading.
When in the book itself the interior presentation is sober and elegant, but we can regret that the graphics (already very summary) only detail the price ranges, they are not bar graphics (let alone candlesticks, we suspect).
Buy if you are a beginner or want to deepen the character, if you are looking for advanced techniques, turn instead to his private lessons.