Truth of the Stock Tape: A
Study of the Stock and Commodity Markets With Charts and Rules
for Successful Trading and Investing (Paperback)
by William D. Gann (Author)
In addressing you on the subject of
investing your surplus funds, I might state that there is no
other subject which I could select that so closely concerns
your welfare and regarding which you might receive valuable
assistance from my instructions. In the United States a
stupendous sum, reaching into millions of dollars, is wasted
annually in foolish speculations and unwise investments. This
senseless waste can be traced to one and only one source,
namely, lack of knowledge. Men and women who would not attempt
to treat the slightest ailment, or even adjust so common a
thing as a kitchen faucet, but would hand each difficulty over
to its respective specialist, the doctor or the plumber, will
on the spur of the moment and without the slightest
preparation, undertake the investment of thousands of dollars
in enterprises about which they understand absolutely nothing.
Is it any wonder then that they lose? I offer you suggestions
and advice in the science of speculation and investment in the
same spirit as the physician. He would not think of
guaranteeing you perpetual life or insuring you against the
common ills to which the flesh is heir. But in your
difficulties he brings to your aid the
accumulated experience of his profession, and a skill and
knowledge which required years to accumulate and is ready for
your instant use. I do not offer you a beautiful theory which
will not work in practice, but give you invaluable advice,
which if followed, will insure success in practical everyday
Wall Street speculations and other fields of investment. It has
been well said that a writer who writes first for remuneration
and secondly because he believes what he writes, will never
achieve enduring fame, and that the salesman who does not
believe in his goods will never make a success. I believe in
the theory and rules that I have laid down in this book for you
to follow, because I have tested and proved them. It is my
object in this work to facilitate and focalize the essential
principles for practical use. My knowledge comes from over
twenty years' experience, in which I have traversed the rough
and rugged road that the inexperienced trader's foot must press
before he reaches the goal. Hence my object in writing this
book is to give to the public something new and practical, not
theory alone which would fail in practice. Read this book
carefully several times; study each chart and subject
thoroughly, and a new light and knowledge will come to you
every time you read it. If I succeed in teaching only a few to
leave wild gambling alone and follow the path of conservative
speculation and investment, my work will not have been in vain
and I will have been amply repaid for my efforts.
W.D. GANN.
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