WHO WAS W.D. GANN?
No verified public-domain photograph of Gann exists online, so we built this graphic instead of risking a copyrighted image.
William Delbert Gann (1878–1955) was an American trader born on a farm near Lufkin, Texas, the eldest of eleven children in a poor family. He never finished high school — he left formal schooling at 16 to work — and started trading as a young man in the early 1900s. What he lacked in formal education, he tried to make up for with obsessive research.
His Research
By his own account, Gann spent roughly nine months studying at the Astor Library in New York and the British Museum in London, going through stock market data back to 1820 and wheat price data stretching back centuries. He also travelled to Egypt and India, later citing ancient geometry and mathematics as an influence on tools like the Square of Nine. His core idea was that price, time, and range weren't separate things to analyze independently — they moved together, and could be measured with the same tools.
What He Identified
Over his career Gann developed and published a set of techniques that are still the basis of "Gann analysis" today:
- Gann Angles / Gann Fan — diagonal lines (like the famous 1×1, or 45°) plotted from a price pivot, used to judge trend strength
- Square of Nine — a spiral arrangement of numbers used to project price levels at specific angles from a pivot
- Law of Vibration — his theory that every market has a natural harmonic rate of price movement
- Square of 144 & the Hexagon Chart — related spiral/geometric calculators for price projection
- Time cycle work — including his "Master Time Factor" and study of recurring cycles (10, 20, 30…100-year), plus solar-calendar dates (equinoxes and solstices) as likely reversal points
The Evidence — And The Debate
Gann's reputation rests partly on a few well-documented episodes. A 1909 profile by financial journalist Richard Wyckoff recorded Gann making 286 trades in a single month, with 264 of them profitable — a striking win rate, if accurate. Gann also published a detailed forecast for 1929 a year in advance, which is widely cited as having anticipated the crash.
But it's honest to say the full picture is disputed. Trader and author Alexander Elder has written that he spoke with Gann's own son, who said his father actually made his living selling trading courses and newsletters rather than from trading itself — and that Gann's estate at death was valued at roughly $100,000, far short of the "$50 million trader" legend that circulates online. Other accounts claim a much larger trading estate. Nobody can fully verify either figure today. We think the honest position is: Gann was a genuinely influential, hard-working market researcher whose geometric and time-cycle tools are still widely used — but the more dramatic claims about his personal fortune should be treated as folklore, not fact, unless you can verify them yourself.
Books He Wrote
- Speculation a Profitable Profession (1910)
- Truth of the Stock Tape (1923)
- Wall Street Stock Selector (1930)
- The Tunnel Thru the Air (1927, semi-fictional)
- New Stock Trend Detector (1936)
- How to Make Profits in Commodities (1941)
- 45 Years in Wall Street (1949)
Further Reading
If you want to go deeper than what we cover here, these are solid independent starting points:
- Wikipedia — William Delbert Gann (includes the Alexander Elder / Larry Williams disputes)
- Traders Log — W.D. Gann Biography
- Trading With Gann — life timeline
We link out to these because we'd rather you get the full, disputed history from independent sources than a one-sided version from us.