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Gann’s discovery

Gann summarized the way in which he discovered his forecasting method as follows:

A man may evolve a beautiful theory for making money in the stock market, and he may try it out on paper and find that it works. It is apparently successful, but when he applies it to actual trading and begins to buy and sell, he then finds the weak point and the theory fails in actual practice. I know whereof I speak, for I have tried dozens of different theories, put my money down and lost; exploded the theory, discarded it and started all over again. The fact that my method of forecasting has stood the test of time is sufficient proof that I have solved the problem.

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