W.D. Gann's trading rules

 W.D. Gann's trading rules emphasize capital preservation, disciplined trading, and trend adherence. Key rules include limiting risk to 10% of capital per trade, using stop-loss orders, avoiding overtrading, and never letting a profit turn into a loss. Gann also stressed trading with the trend, waiting for confirmation before entering a trade, and distributing risk across multiple markets. 

Key Trading Rules:

• Capital Management: Risk only 10% of your trading capital on any single trade.
• Stop-Loss Orders: Always use stop-loss orders to limit potential losses.
• Trend Following: Never trade against the prevailing trend.
• Confirmation: Wait for confirmation before entering a trade.
• Risk Distribution: Spread your risk across different markets.
• Don't Overtrade: Manage the number of open positions to avoid excessive risk.
• Avoid Averaging Losses: Do not add to losing positions.
• Stay Flexible: Be willing to adapt your approach to changing market conditions. 

Gann's Trading Techniques:

• Time and Price Relationships:

  Gann believed that price and time are intrinsically linked, and he developed tools like Gann angles and fans to analyze these relationships. 
• Geometric Angles:

  Gann used angles, particularly 45-degree angles (1x1), to identify potential support and resistance levels. 
• Retracements:

  Gann also used Fibonacci retracements to identify potential areas where price might reverse. 
• Patterns:

  Gann identified various chart patterns, such as double tops and bottoms, that could signal potential trend reversals. 
• Volume Analysis:

  Gann also considered volume as an important indicator, especially when combined with price action. 

Gann's Rules for Discipline:

• Avoid Gambling: Treat trading as a business, not a gamble.
• Stay Calm: Avoid emotional trading decisions.
• Be Patient: Wait for the right opportunities and avoid impulsive trades.
• Review and Learn: Analyze your trades to identify areas for improvement. 

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