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I have no axe to grind. I'm just reading his book and testing his ideas. The
less that read it the better as far a I'm concerned. It's not like it's been
a secret.
I have no examples to offer. I can just make this observation. Gann's
personal students would be either deceased or retired by now. In 1908 Gann
was 30 years old and already receiving some fame in the trading community.
It's been 44 years since his death and I don't know if he was active until
his death. Also, you simply can't compare our time to his, say that there
had been two world wars and a depression in the last 20 years, and millions
had sacrificed and died. What would the world be like? People that live
through such events see things very differently from those that do not.
Even great traders don't often become household names, I had never heard of
Dennis, Jones, or even Buffet until I got interested in trading. Anyone with
a little life experience can usually tell you that there are many ways to
lose, hide, or give away money. For example, the young actor named Gary
Coleman made 50 million dollars in his career, he lost it all and took out
bankruptcy recently.
All of this is of no consequence, Gann wrote down at least some of his
ideas. Either you read them and find them useful or not. The same is true of
Dennis or any other famous traders that pass along their ideas.
Brent
> No, I make the assumption that if these methods are viable, then at least
> 10% of the tens of thousands of people who have studied under them would
> have become successful traders. I then assume that out of that group at
> least 10% would find money management an attractive option. There may be
> some, so I questioned the group to see if they new of any. I do not need
a
> pious lecture on what success is. I think it is different for everyone.
> Money management is a high paying field that can afford one quite a bit of
> freedom. It is ridiculous to think that none of these thousands of Gann
or
> Gilmore style traders would choose it as a profession.
>
> I make such a negative sounding post in order to suggest the possibility
> that these methods are bogus. Since I can not prove a negative, I invite
> someone to provide some evidence that they do work.
>
> sb
> ----- Original Message -----
> From: Ira Tunik <ist@xxxxxx>
> To: <scot.billington@xxxxxxxxxxxxx>
> Cc: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Wednesday, December 08, 1999 5:43 PM
> Subject: Re: [RT] Where are.... {01}
>
>
> > You make one assumption that is incorrect. If someone is a successful
> trader,
> > using Gann or any other system, he will want to be a high powered fund
> manager
> > with a gazillion dollars under control. There are many successful
traders
> that
> > just want to be left alone, do their thing and be happy.
> >
> > A sign of success is not being a fund manager, or a CTA managing
millions.
> > Success is being able to do anything you want any time you want to do
it.
> > Everything that is legal of course. Ira
> >
> > Scot Billington wrote:
> >
>
>
>
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