Gan was a tech businessman who introduced some unique methods that traders still use today.
Perhaps one of the most interesting ideas is Gan’s view of the relationship between price and time.
Gan has amassed $ 50 million trading fortune with his method and has been used by intelligent traders around the world for big trading profits.
Let’s look at the relationship between price and time
Gain, along with other technical analysts, believed that market action was cyclical
“What happened in the past will happen again”
To trade with adversity for you in the future means to look at the patterns of the past.
Because it is logical because human nature is constant and it is seen as a pattern in the market because people ultimately determine the price of anything.
Price and time
So why is the interaction between price and time so important?
Gan believed that when value and time come together, significant price movements occur.
These convergences can give an early warning of an important trend and traders can trade for profit at these points.
If value and time are not combined, then time will be considered more important than value.
Time, was considered by Gan as the final time indicator.
If you think about it, time controls all nature, not just the financial market.
“Just remember one thing, what happened in the past on the stock market and on Wall Street will happen again.”
Progress in the bull market will come in the future, and panic will come in the future, just as they did in the past. It’s a work out of natural law. “
Gan was one of the most important businessmen in history and his position is emphasized as a life-size portrait that greets you when you enter the New York Stock Exchange.
Not only did he introduce the concept of value and time, he was also responsible for the huge amount of work and essential lessons he wrote on Fibonacci number sequences, swing trading, Gan Angle and many other technical theories.
Before being universally accepted, though, he sometimes studied its importance in terms of human psychology and market movements.
“We cannot avoid this (emotion). In the future, it will cause another panic in stocks. When it comes, both traders and investors will sell the stock, as usual, after a long delay, or at the end of a bear market.”
Gann avoided the 1929 crash but how many booms and busts have we had since then and how many investors have been burned?
Indeed, investors ultimately value anything and are always subject to emotion.
Learn how to get away from the pastoralist and you can do business in an orderly way and be a winner.
The idea of value and time is one way to do this.
If you study Gann, you know that you are studying a businessman who is one of the most important of all time and one who has given up all his work so that others can study and learn.
Intelligent traders around the world still use Gann’s methods and you should explore further and see how the methods can help you.