WD Gann Quotes part2

Here is the second part of some of the notable words of wisdom Gann left us.

"Every movement in the market is the result of a natural law and of a Cause which exists long before the Effect takes place and can be determined years in advance. The future is but a repetition of the past, as the Bible plainly states: `The thing that hath been, it is that which shall be; and that which is done is that which shall be done, and there is no new thing under the sun.' -Eccl. 1:9."

"If we know the cause of the effect, then there can be no doubt about predicting the future event or effect. I have always looked for causes and when once I determine a cause I can always be sure of the effect or future event which I predict."

“When you make a trade, you must have the patience to wait for opportunities to get out right, or to make the profit.”

“You must determine a definitie change in trend before you close a trade to take profits. This only results from study of past market movement, and from acquiring the proper knowledge.”

“You will always make money by following the main trend of stocks up or down. Remember that stocks are never too high to buy as long as the trend is up and they are never too low to sell as long as the trend is down.”

“Never sell short just because the stock is high or because you think it is too high. Never sell out and take profits just because the price is high. Buy and sell according to definite rules and not on hope, fear or guesswork”