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Truth of the Stock Tape and Wall Street Stock Selector
(2 complete volumes bound together)
Truth of the Stock Tape
Truth of the Stock Tape was a best seller written in 1923. It is divided into four books, covering:
Contents
- PREPARATION FOR TRADING
- What is Tape Reading?
- Can Money Be Made in Wall Street? OR Can the Stock Market be Beaten?
- How to Read the Stock Tape
- How the Tape Fools You
- How Stocks are Sold
- Your Weak Points
- Essential Qualifications
- HOW TO TRADE
- Rules for Successful Trading
- Methods of Operating
- Charts and Their Use
- The Seven Zones of Activity
- Habits of Stocks
- Different Classes of Stocks
- How to Read the Tape Correctly
- When the Tape Finishes and Gives Final Signals
- HOW TO DETERMINE THE POSITION OF STOCKS
- Position of Groups of Stocks
- General Trend of the Market
- How to Tell the Stocks in Strongest Position
- How to Tell When Stocks are in Weak Position
- Judging Final Tops and Bottoms
- Number of Times a Stock Fluctuates Over the Same Range
- Crossing Old Levels
- Tops and Bottoms on Railroad Stocks
- Bottoms and Tops on Industrial Stocks
- Accumulation of Low Price Stocks
- How to Watch Investments
- COMMODITIES
- How to Trade in Cotton
- Proper Way to Read the Cotton Tape
- How to Determine a Change of Trend
- The Boll Weevil
- Wheat and Corn Trading
- Judging Accumulation and Distribution Zones
Truth of the Stock Tape outlines Gann's rules for successful trading. It not only covers the trading of stocks, but also looks at trading cotton and grain.
From the Book's Preface
"Receive my instruction, and not silver; and knowledge rather than choice gold. For wisdom is better than rubies, and all the things that may be desired are not to be compared to it."
[Prov. 8:10-11]
"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 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 said that the writer who writes first for remuneration and secondly because he believes what he writes, will never achieve enduring fame, and that the salesman who doesn't 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 20 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 the public something new and practical, not theory alone that 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 vein and I will have been amply repaid for my efforts."
W. D. Gann
New York City,
January 27, 1923.
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All of Mr. Gann's books and courses are available from the Lambert-Gann Publishing, Inc.
 www.wdgann.com
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