When you make a trade, let it be for some good reason, or according to some definite rule then do not get out without a definite indication of a change in trend.Ģ4. Never change your position in the market without a good reason. The Rules in this book have been tested by Mr. Get out at the market: Take your loss and wait for another opportunity.Ģ3. This classic covers 21 commodities and has 32 valuable charts. If you are long one commodity and it starts to go down, do not sell another commodity short to hedge it. Select the commodities that show strong uptrend to pyramid on the buying side and the ones that show definite downtrend to sell short.Ģ2. Wait until the commodity is very active and has crossed resistance levels before buying more, and until it has broken out of the zone of distribution before selling more.Ģ1.
Be careful about pyramiding at the wrong time. How to Make Profits Trading in Commodities: A Study of the Commodity Market-With Charts and Rules for Successful Trading and Investing. Never buy just because the price of a commodity is low or sell short just because the price is. Never buy just because the price of a commodity is low or sell short just because the price is high.Ģ0. Let your object be to keep with the trend and make money. It combines theory and practice, and through its straightforward, logical approach, Gann presents an excellent case for making money in commodities. This book reveals how to make profits on the commodities exchanges. Gann is considered to be the greatest trader of all time. Let your object be to keep with the trend and make money.ġ9. How to Make Profits in Commodities Book Description : W.D. Be just as willing to sell short as you are to buy. Avoid getting in and out of the market too often.ġ8. Never cancel a stop loss order after you have placed it at the time you make a trade.ġ7.
Avoid taking small profits and big losses.ġ6. Never get out of the market just because you have lost patience or get into the market because you are anxious from waiting.ġ5. This is one of the worst mistakes a trader can make.ġ4. Never buy or sell just to get a scalping profit.ġ3.
After you have made a series of successful trades, put some money into a surplus account to be used only in emergency or in times of panic.ġ2. Follow up with a stop loss order to protect your profits.ġ1. Gann updated How to Make Profits in Commodities with forecasts of the coming years. They had printed an edition of How to Make Profits in Commodities at the same time. Don’t close your trades without a good reason. A solid, well-preserved copy of the uncommon 1941 1st edition. Gann sold his book business and copyrights to Ed Lambert, his partner. Never limit your orders or fix a buying or selling price.ġ0. Avoid tying up all your capital in any one commodity.Ġ9. Trade in two or three different commodities if possible. When in doubt, get out and don’t get in when in doubt.Ġ7. Never buy or sell if you are not sure of the trend according to your charts and rules.Ġ6. After you once have a profit raise your stop loss order so that you will have no loss of capital.Ġ5. This would be violating your capital rules.Ġ4. Amount of capital to use: Divide your capital into 10 equal parts and never risk more than one-tenth of your capital on any one trade.Ġ2. Gann’s 24 cardinal stock trading rulesĠ1. Mechanical Method and Trend Indicator Rules for Trading in Grains The Basis of My Forecasting Methods for Grains Forecasting by Time Cycles.W. Here is a listing of the subjects covered in this Course: Speculation a Profitable Profession. This course consists of Gann's original course he sold in the early 1950's for a reported $5,000. Which include: charting, chart interpretation, using Gann Angles, Squaring Price and Time, using Gann Squares, Square of Nine, Gann Numbers, Gann Calculators and more. This course gives you a number of different trading techniques and skills. Gann's Commodities Trading Course is an extensive course.
This book was released on 01 September 2009 with total page 358 pages. Gann Master Commodity Course written by W.