45 Years in Wall Street Paperback – July 16, 2009

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

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.

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.

I really enjoyed this book. It is a very quick read, but you will find yourself referring to it time and time again. You can't beat the price to get it on your kindle, or mobile device. This book is truly worth "millions", imvho.David 'Tiger' Knight[...]

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!

A bit dated but some pearls can be extracted.

After reading this book and watching all the videos on website www.timesales.ru I finally came to a profitable trading system

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 trend2. Buy at single, double and triple bottoms3. Buy and sell on percentages4. Buy and sell on 3 weeks' advance or decline5. Market moves in sections/waves6. Buy or sell on 5 to 7 point moves7. Study volume to determine change in trend8. 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 bottoms10. 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 surplus12. 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.

Very important book for trading and investing one time must read this book if u want to became good stock trader.

Excellent book!

c

Good

Great book and contains the rules you should follow as a stock trader.