Predict the market with 90% accuracy

This is a discussion on Predict the market with 90% accuracy within the First Steps forums, part of the Reception category; Maybe all of you already know this that where is a way to predict the market with 90% accuracy. Because ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Sep 19, 2005, 3:33pm   #1
Joined Sep 2005
Predict the market with 90% accuracy

Maybe all of you already know this that where is a way to predict the market with 90% accuracy. Because that is what W.D. Gann accomplished.

If he has done it and continually for several years (got 1800% pa on average for several yeas) it means that there is a way to predict the market.

Doesn’t it really hurt you to know that there really is a way to predict the market with 90% accuracy if one just has the knowledge?
epic767 is offline   Reply With Quote
Old Sep 19, 2005, 6:54pm   #2
The Staff are paid members that perform various roles such as editorial, advertising, support or technical work.
 
Trader333's Avatar
Joined Jan 2003
There are those who can correctly predict the market direction 90% of the time but still lose money. This is because the issue is not one of prediction but how much profit you make when correct compared to how much you lose when incorrect. For example if you make $10 profit on 9 of your trades but then lose $100 on your tenth trade your net position is a loss.


Paul
Trader333 is offline   Reply With Quote
Old Sep 19, 2005, 7:12pm   #3
Joined Sep 2005
epic767 started this thread
Quote:
Originally Posted by Trader333
There are those who can correctly predict the market direction 90% of the time but still lose money. This is because the issue is not one of prediction but how much profit you make when correct compared to how much you lose when incorrect. For example if you make $10 profit on 9 of your trades but then lose $100 on your tenth trade your net position is a loss.


Paul

Well, he did get 1800% in retun on average, which sugessts that the returns on the winners were much higher than the losers.

And since he could predict the market so accurately and also got 1800 pa, I assume that the losers only deviated by a small amount from his orignal predicitons and that the losses as a result were very small and far compensated by the winners volume of profit.

Having a 90% market prediction dosnt just mean a 90% rate of winners and a 10% rate of losers,but also a grasp sense of how much profit one will earn for every trade(90 percent accurateness that the profit will be x amount for instance). The Pa he got speaks for it self though.
epic767 is offline   Reply With Quote
Old Sep 19, 2005, 8:15pm   #4
 
Bigbusiness's Avatar
Joined Dec 2001
So is there proof that Gann was that good or is it just something that was made up to sell some of the vast amount of trading materials he seems to have produced? I have read all sorts of allegations about him, from being a great trader, to being unable to trade and only able to teach. The truth might be somewhere in the middle but it is hard to believe he was that good when he didn't seem to be that wealthy. As his "Great Master Course" sold for US$5,000 in 1954, around the average price of a house, I would have thought that if he could also trade so well, he would be the richest person around at that time. Perhaps he just knew how to spend it
Bigbusiness is offline   Reply With Quote
Old Sep 19, 2005, 8:57pm   #5
Joined Apr 2004
I agree with what has been said here, as i move from a newbie trader status into a more accomplished trader status i am learning more and more about the value of money management, 80% or 90% accuracy really doesnt mean anything unless you know when to let your winners run. I find letting winners run far harder than cutting losses, a good scalper will have about a 90% accuracy strike rate but the risk reward is very often unprofitable, i think this is why a lot of newbies look for information on scalping drawn by the attraction of how easy it is to get a couple of points at a time out the market , but i guarantee if you learn how to look after your money you dont need to be nearly as good as Gann at predicting the market. Get the market right just 50% of the time, but have sound money management you can make what Gann made and more.

Tom
tommog is offline   Reply With Quote
Old Sep 19, 2005, 9:51pm   #6
 
fxmarkets's Avatar
Joined Aug 2005
hmmm is there a bigger con factor operating into todays market though ? sort of I know that you know so , more chaos .
fxmarkets is offline   Reply With Quote
Old Sep 20, 2005, 7:05am   #7
Joined Sep 2005
epic767 started this thread
Quote:
Originally Posted by Bigbusiness
So is there proof that Gann was that good or is it just something that was made up to sell some of the vast amount of trading materials he seems to have produced? I have read all sorts of allegations about him, from being a great trader, to being unable to trade and only able to teach. The truth might be somewhere in the middle but it is hard to believe he was that good when he didn't seem to be that wealthy. As his "Great Master Course" sold for US$5,000 in 1954, around the average price of a house, I would have thought that if he could also trade so well, he would be the richest person around at that time. Perhaps he just knew how to spend it
He allocated over 50 million dollar during his lifetime which is approximately 500 million dollar today.

Where are varios newsmagasins that have been reporting his astronomic returns
and why would someone attend his seminars if it costs as much as a house if he isn't any good?

these facts speak for itself. I don't want to be rude, but it feels like som people are just making up excuses and try to deny the possible.

This thread was actually done to encourage people to go out and get the knowledge to predict the market with the same accuracy and get over 1800% in return every year, because such knowledge is available for those trying to seek it.
epic767 is offline   Reply With Quote
Old Sep 20, 2005, 8:13am   #8
 
Bigbusiness's Avatar
Joined Dec 2001
People pay huge fees for courses today, I don't think that necessarily means they are worth the money. Did Gann ever claim to have made 50 million dollars or is it just the people selling his trading materials? Are you sure about your facts? I found this quote from a search and hope it is correct. Perhaps someone who has the book can confirm it:-

Quote from 'Trading for a Living' by Alexander Elder. p23

"Various opportunists sell 'Gann courses' and 'Gann software'. They claim
that Gann was one of the best traders that ever lived, that he left a $50
million estate, and so on. I interviewed W.D. Gann's son, 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."
Bigbusiness is offline   Reply With Quote
Old Sep 20, 2005, 9:12am   #9
Joined Sep 2005
epic767 started this thread Bigbusiness: good points, such claims have only been done by a third party. I whould however never by his trading materials since it obviously don't work. If it did work, the authour of the books wouldn't be selling his trading materials, they would be earning 1800 pa on the stockmarket instead.

That's why it so obvious and embarrasing when I see scams like this:

I don't usually send out stuff like this, but what I have to tell you is just too good. For the last 6 months I've been developing the ULTIMATE TRADING PROGRAM.


I've figured out exactly HOW TO PICK THE NEXT MICROSOFT. In fact, over the last year I've had a 3000% return on my investment!!!
In my investing program there is absolutely NO RISK. In fact, it's such a SURE THING that we'll guarantee you cannot lose your investment. All you have to do to get in on this action is sign up, using your credit card for only $499.95.

This is a small price to pay seeing as you will literally experience millions in gains as a result of purchasing this system.

Act now, do not delay, this will be your one and only chance to get in on this…CLICK HERE TO ACCESS THE SYSTEM NOW!


Please, if you are doing so well, why the heck are you trying to share your ideas and wasting your time with this work that won't give you as much return. People who believe in this is really just to naive. And I'm a very open minded person, but not stupid.

W.D. Gann has got 1800 pa on his investments, but I'm sure he kept the secrets with himselfs, and such information is not available by all the trading materials.

here is a quote from www.investopedia.com which is only an educational centre:

What Are the Gann Studies?
In 1908, Gann discovered what he called the "market time factor", which made him one of the pioneers of technical analysis. To test his new strategy, he opened one account with $300 and one with $150. It turned out to be wildly successful: Gann was able to make $25,000 profit with his $300 account in only three months; meanwhile, he made $12,000 profit with his $150 account in only 30 days! After his results were verified, he became famous on Wall Street as one of the best forecasters of all time.
epic767 is offline   Reply With Quote
Old Sep 20, 2005, 9:51am   #10
Joined Oct 2003
epic767,

"W.D. Gann has got 1800 pa on his investments, but I'm sure he kept the secrets with himselfs, and such information is not available by all the trading materials."

I see you're still a believer!
Tuffty is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
Trading Accuracy? 7thSignalTrader Forex 24 Dec 18, 2004 1:41pm
I can predict the future!! Faris Forex 9 Dec 13, 2004 2:00pm
AIQ Charting Accuracy zebra Trading Software 5 Jun 13, 2003 3:26pm
How to predict world events LORD JAMLA Technical Analysis 46 Jun 4, 2003 10:01am

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)