OK, this WD Ganns fellow

[Frederick Foresight]

Apparently he was quite good in his day. But if you read, and try and follow him, today, will you gain anything?

...Alexander Elder, in his 1993 book Trading for a Living, presented a more skeptical view, later used as evidence by Gann doubters. "Various opportunists sell 'Gann courses' and 'Gann software.' They claim that Gann was one of the best traders who ever lived, that he left a $50 million estate, and so on. I interviewed W.D. Gann's son [John L. Gann], an analyst for a Boston bank. He told me that his famous father could not support his family by trading but earned his living by writing and selling instructional courses. When W.D. Gann died in the 1950s, his estate, including his house, was valued at slightly over $100,000. The legend of W.D. Gann, the giant of trading, is perpetuated by those who sell courses and other paraphernalia to gullible customers."

https://www.investopedia.com/articles/investing/091615/mysterious-life-trading-legend-wd-gann.asp

 

[zenemini]

I just might do that zenemini! But would love some thought on him generally.

I cannot speak to Gann's work. Test that 50% retracement idea, @Saltynuts. You'll be glad you did.

 

[zenemini]

...Alexander Elder, in his 1993 book Trading for a Living, presented a more skeptical view, later used as evidence by Gann doubters. "Various opportunists sell 'Gann courses' and 'Gann software.' They claim that Gann was one of the best traders who ever lived, that he left a $50 million estate, and so on. I interviewed W.D. Gann's son [John L. Gann], an analyst for a Boston bank. He told me that his famous father could not support his family by trading but earned his living by writing and selling instructional courses. When W.D. Gann died in the 1950s, his estate, including his house, was valued at slightly over $100,000. The legend of W.D. Gann, the giant of trading, is perpetuated by those who sell courses and other paraphernalia to gullible customers."

https://www.investopedia.com/articles/investing/091615/mysterious-life-trading-legend-wd-gann.asp

Sons rarely know the whole story of where the father's money comes from when the father is one who makes his own way in the world as Gann did. And it wasn't Gann who claimed for himself a $50 million dollar fortune, but latter day software vendors attempting to craft a mythology from which to profit. And $100,000K in 1950 would be an estate over $1,000,000 today, which is much higher than most Americans were leaving then or are leaving now.

No judgement on Gann, but my goodness, FF, is there anyone you can say something nice about, or is there nothing but condemnation in your heart and head?

 

[Frederick Foresight]

Sons rarely know the whole story of where the father's money comes from when the father is one who makes his own way in the world as Gann did. And it wasn't Gann who claimed for himself a $50 million dollar fortune, but latter day software vendors attempting to craft a mythology from which to profit. And $100,000K in 1950 would be an estate over $1,000,000 today, which is much higher than most Americans were leaving then or are leaving now.

No judgement on Gann, but my goodness, FF, is there anyone you can say something nice about, or is there nothing but condemnation in your heart and head?

And will you ever exercise critical judgment? Why is it that the vendors with the most convoluted trading methods are also the ones who also cannot produce performance metrics of any consequence? It's like you're going out of your way to seek mystery and complexity and avoid the farting elephant in the room.

...He told me that his famous father could not support his family by trading but earned his living by writing and selling instructional courses.

Sure, bro. His son doesn't know the story, but you do.

 

[zenemini]

Sure, bro. His son doesn't know the story, but you do.

I didn't say I did. But I don't think that we necessarily ought to conclude that he didn't have success in the market based upon what his son had to say. Perhaps his son had his own reasons for wanting to discount his father's market writings.

I do exercise critical judgement. But you dismiss everyone. Name one person who has shared some market knowledge of whom you have a positive view. Is there anyone, or is FF the only one who you fell knows something worth knowing?

 

[Frederick Foresight]

Perhaps his son had his own reasons for wanting to discount his father's market writings.

Unlike the Gann system vendors, who are pure as the driven snow? Because you seem to be giving them the benefit of the doubt that you are not prepared to accord the man's own son.

Name one person who has shared some market knowledge of whom you have a positive view.

PTJ.

 

[zenemini]

Unlike the Gann system vendors, who are pure as the driven snow? Because you seem to be giving them the benefit of the doubt that you are not prepared to accord the man's own son.

Here is what I said.

it wasn't Gann who claimed for himself a $50 million dollar fortune, but latter day software vendors attempting to craft a mythology from which to profit.

On ignore with you FF.

 

[Frederick Foresight]

Here is what I said.

Bullshit. You implied that his son didn't know the story. That further implies you give some credence to the "latter day vendors" irrespective of your opinion about what they say he may or may not have earned. What sets the son apart from the vendors is that he said his father couldn't support his family with his own trading. The vendors obviously suggest otherwise. You sided with the vendors in your post by trying to discredit the son's knowledge of his own father. Try following your own string of logic, such as it is.

You are a fucktard. On ignore with you FF.

Do be sure to come up for air from time to time.

 

[zenemini]

Bullshit. You implied that his son didn't know the story. That further implies you give some credence to the "latter day vendors" irrespective of your opinion about what they say he may or may not have earned. What sets the son apart from the vendors is that he said his father couldn't support his family with his own trading. The vendors obviously suggest otherwise. You sided with the vendors in your post by trying to discredit the son's knowledge of his own father. Try following your own string of logic, such as it is.

You are way too emotional to be lecturing anyone on logic. You are a careless reader, FF. You need to slow down and think before you post(speak). I doubt you have it in you. As someone with an agenda, you obviously judge others as operating from a similar, agenda driven perspective. Any impartial discussant may read what I wrote, and he or she will not come away with the interpretation of my intent as you have. Dialogue with you is a waste of time. Good bye.

 

[tiddlywinks]