45 Years In Wall Street
$13.89
Author(s) | |
---|---|
Product Type |
Ebook |
Format |
|
Skill Level |
Intermediate to Advanced |
Pages |
158 |
Publication Year |
1949 |
Delivery |
Instant Download |
45 Years in Wall Street is one of W.D. Gann’s most profound works—his final reflection on a lifetime of studying and mastering financial markets. Written in 1949, this volume captures nearly half a century of Gann’s trading experience across stocks, commodities, and market cycles. It reveals not only the principles behind his geometric and cyclical forecasting methods, but also the wisdom he gained through decades of success and failure on Wall Street.
In this classic text, Gann lays out the foundational truths of speculation: how to determine trend direction, recognize accumulation and distribution, apply time and price balancing, and maintain discipline under all market conditions. He revisits his earlier discoveries—such as the Law of Vibration, the Square of Nine, and the Time Factor—while offering refined insights and new examples that connect theory to practical trading.
Beyond technical instruction, Gann shares the psychological and ethical principles that he believed were essential for sustained success: patience, self-control, and adherence to rules. Each chapter blends technical precision with timeless wisdom, making this book both a manual and a meditation on the nature of markets. For any trader seeking a disciplined, cyclical, and mathematical foundation, 45 Years in Wall Street remains indispensable.
✅ What You’ll Learn:
- How W.D. Gann interpreted market structure using geometry, time cycles, and natural law.
- Key trading rules for determining trend, entry, stop placement, and profit objectives.
- The relationship between time, price, and volume in forecasting turning points.
- Gann’s “Law of Vibration” and how it governs recurring market patterns.
- The psychological traits that separate successful traders from emotional speculators.
💡 Key Benefits:
- Master Gann’s mature methodology built on 45 years of market study.
- Gain clarity on long-term forecasting, swing analysis, and cycle interpretation.
- Learn from authentic examples drawn from early-20th-century stock and commodity data.
- Build emotional discipline and a rule-based mindset for trading longevity.
- Understand how to align human behavior, time, and price for accurate predictions.
👤 Who This Book Is For:
- Traders studying W.D. Gann’s advanced forecasting systems.
- Technical analysts seeking to integrate time-cycle and price-square tools.
- Professionals interested in the historical evolution of technical trading theory.
- Serious students of market psychology and cyclical analysis.
📚 Table of Contents:
- Is It More Difficult to Make Profits Now Than Before
- Rules for Trading in Stocks
- How to Select Independent Movers
- Percentage of High and Low Prices
- Time Periods of Short Duration Correct Prices
- Time Periods for Important Swings on the Averages
- Dow Jones 30 Industrial Averages 3-Day Chart Moves
- Months when Extreme Highs and Lows were Recorded
- June Lows Comparison for Future Highs
- Volume of Stock Sales on New York Stock Exchange
- 15 Public Utility Averages
- Puts, Calls, Rights and Warrants on Stocks
- New Discoveries and Inventions
- Great Market Operators of the. Past
- Stocks Liquidated
- Can United States Afford Another War?
45 Years In Wall Street By W. D. Gann
18 reviews for 45 Years In Wall Street
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Axton Moran (verified owner) –
Very good book for the stock trader. Summery given in initial pages gives a good insight about the writer and his knowledge
Belle Lucero (verified owner) –
Good book with some basic information about trading ànd a lot more about author’s hard work behind conceptualization of trading.
Ellianna Portillo (verified owner) –
not nearly as readable as wyckoff’s ventures and adventures over 40 years. too much space devoted to abstracts of stock movements. there is a mystical core in gann’s theories which is difficult to understand and accept in current market methodology.
Stephen Lester (verified owner) –
Great book and contains the rules you should follow as a stock trader.
Brittany Barnett (verified owner) –
The first thing you must understand is that Gann was not a trader. He came from a farming background and had a good understanding of crops, which he initially used to make money in grain futures. However, after a very short period the luck soon ran out, the losses mounted and his trading career was over.
This is when he started writing, which is something he was good at and never seemed to stop. It is also how he made a modest living along with public speaking and seminars. There are endless amounts of published work by Gann, but to me nothing of any significance. When you look at successful traders almost all of them are anonymous private people who never publish work.
This book is very unexciting with little detail of events or trading knowledge as you would expect form a journalist, probably the worst book on trading I have ever seen. My three words of advice for you are, don’t buy it!
Rosa Petersen (verified owner) –
Excellent book!
Marlowe Benitez (verified owner) –
Very important book for trading and investing one time must read this book if u want to became good stock trader.
Dylan Burke (verified owner) –
Most famous for his 24 never-failing rules – basically follow the trend, use stop losses, and never average down. Also includes lots of useful Dow data back to 1912 – with swing charts, etc.
Queen Copeland (verified owner) –
“45 Years in Wall Street” was actually Gann’s last book, written in 1949 (he issued a revised edition of his commodities book in 1951), in which he presents the final version of his cycles-based system. Since cycles can extend, shorten, invert, and skip, Gann offers several trend-following methods to minimize damage from forecasting mistakes and to keep one on the right side of the markets. His excellent, 24 trading rules afford advice on money management, risk management, trend-following, trade entry, and exit techniques that are currently valid.
Gann always openly hinted that the details for his celebrated forecasting method were concealed in his writings. This book, as is all others written by Gann, is written on two levels. The first level is expository and describes how to swing-trade. The arcana submerged in the second level can be approached by examining the recurrent themes about time, price, and geometry, and the dates which he feels are significant. Details for Gann’s time and price model are contained in all of his books and major courses with the exception of “Tunnel Through the Air.”
Strangely, the weakest part of this book is the final chapter with Gann’s predictions for the early 1950s. Gann felt that 1953 was going to be a year of post-war depression rivalling the great depression of the 1930s. His cycle model indicated a strong down-turn which actually became a cyclical inversion where the market turned sharply upwards – such are the hazards of public forecasting! However, Gann followers should not have lost money during the 1953 inversion, because their swing-trade methods would have self-corrected this forecast error.
Whatever level one chooses to tackle, this book is a worthwhile addition to anyone’s trading library.
Marshall Meza (verified owner) –
I have read too many books about stock markets, after awhile you realize it’s time to knock on WD.Gann doors and start reading his books, 2 years back I did that and found out its not only complicated but its darn hard to find any one who really mastered it, except for 1 or 2, Gann method is a bit mysterious but the concept behind it is true science Gann tried to show the market in a simple forum in this book which is not, for a guy like me i did understand his concept though at the beginning the book was a bit boring? If its wasn’t for my experience in some of Gann methods this book would be a 3 stars book!. I highly advice people to read more about Gann background as it will shed some light on his methodology and way of thinking while reading his books.
Remember,,,as Gann put it ,as more knowledgable you be the more profit you will gain !
Vera Leon (verified owner) –
This book was written in 1949. By all means what put forth by Gann as the 12 and the 24 rules are still valid today. In fact, his ideas are still being copied in simply all other trading books. Even the diary like section in Soros’ Alchemy of Fianance did resembled the style of a majority part of this book. In short, a must read for any trader!
Remark: One might think that I am a crazy Gann friend. To justifiy the title I put for this review, I would like to summarize Gann’s 12 and 24 rules for one’s reference:-
The 12 rules:-
1. Determine the trend
2. Buy at single, double and triple bottoms
3. Buy and sell on percentages
4. Buy and sell on 3 weeks’ advance or decline
5. Market moves in sections/waves
6. Buy or sell on 5 to 7 point moves
7. Study volume to determine change in trend
8. Study time factor and time periods to determine change in trend. (p.s. when a time period on a decline exceeds that of a previous decline, it indicates a change in trend)
9. Buy on higher tops and bottoms
10. A change in trend often occurs just before or after holidays. (p.s. when prices are at high levels there are usually several swings up and down, then when the market breaks the low of the last swing it indicates a reversal and change in trend)
11. Buy on a second reaction at a higher bottom. When it reacts only 2 days, it is in a very strong position.
12. Price gains in fast moves does not last very long.
The 24 rules:-
1. Never risk one tenth of capital in one trade.
2. Always use stop loss orders.
3. Never overtrade.
4. Never let a profit run into a loss.
5. Do not buck the trend.
6. When in doubt, get our or dont get in.
7. Trade only active stocks.
8. Equal distribution of risk in 4 or 5 stocks.
9. Trade market order.
10. Dont clsoe your trades without a good reason.
11. Accumulate a surplus
12. Never buy just to get a dividend.
13. Never average a loss.
14. Never get out/in of the market because of impatience or anxiety.
15. Avoid taking small profits and big losses.
16. Never cancel a stop loss order after you placed it.
17. Avoid getting in and out of the market too often.
18. Be just as willing to seel short as you are to buy. Let your object be to keep with the trend and make money.
19. Never buy/sell just because the price is low/high.
20. Wait till the stock is very active and has crossed resistance levels before pyramiding.
21. Select stocks with small volume of shares outstanding to pyramid on the buying side.
22. Never hedge one stock by another.
23. Trade with a plan and do not get out without a definite indication of a change in trend.
24. Avoid increasing trading size after a long period of success.
Adalynn Fields (verified owner) –
After reading this book and watching all the videos on website http://www.timesales.ru I finally came to a profitable trading system
Wallace Tang (verified owner) –
A bit dated but some pearls can be extracted.
Clayton Estes (verified owner) –
Dr. Gann’s thorough explanation of rules is priceless. New and seasoned investors should make this one to keep with them to read over and over till his rules become clear and fluid in your everyday portfolio management. A great man and a remarkable book!
Justice Jordan (verified owner) –
I really enjoyed this book. It is a very quick read, but you will find yourself referring to it time and time again. This book is truly worth “millions”, imvho.
Averi Willis (verified owner) –
There are many new comers in the investing and trading business try to tell you how to nowadays. Gann has done it 50 and 100 years ago. He wrote down his experience and knowledge that every trader and investor should know in a clear and concise language. He is the master. Get to know him and his books first before you learn from anyone else.
Celeste Nelson (verified owner) –
This book by Gann talks about the historical movements in the U.S. stock market. His premise is that we need to know history because “nothing is new under the sun,” and what happened in the past will give us clues to future movements. I learned more in this small book than I have in expensive trading courses.
Remington Schmitt (verified owner) –
This is a sort of classic cult book on Wall Street forecasting. WD Gann has a wonderful writing style and his easy-to-understand prose is what every investor and trader should absorb in their thoughts. This is also a very strange book book because it’s short and bookended with great ideas but the middle of the book is almost worthless..Almost… Gann is a clearly a believer in the cycles of the market and he goes through numerous examples of the peaks and valleys of the markets. Why we as readers in 2013 would benefit, I don’t know. Because of the wisdom embedded in this short book are dispersed you must hunt in all the pages and you will profit by his words. In summary, a book that is unconventional but extremely useful for your trading success