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Cut
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W. D. Gann will be remembered and carried into history
forever, as he was one of the great men of his time that
stimulated thought and insisted upon research. His
techniques are still being used today by successful
traders around the world. Without a doubt, the name W.D.
Gann is truly legendary in the trading world. |
William
Delbert Gann, better known the world over as W.D. Gann,
is a legend in the world of stock and commodity trading.
He was one of the most successful stock and commodity
traders that ever lived.
W.D.Gann was born
on a farm some seven
miles outside of Lufkin, Texas,
on June 6, 1878. He was the firstborn of 11 children
two girls and eight boys of Sam Houston Gann and Susan
R. Gann. The Ganns lived in a too small house with no
indoor plumbing and with not much of anything else. They
were poor, and young Willy walked the seven miles into
Lufkin for three years to go to school.
His dad was a farmer in Angelina County.
They were all concerned about the price their cotton
would bring. And had you inquired whether young Willy
also wanted to till the East Texas soil when he got
older, he might have said “no”, he didn't think so:
he wanted to be a businessman.
But the work he could do on the farm was more important to the family, so
W.D. never graduated from grammar school or attended
high school. As the eldest boy, he had a special
responsibility, and those years working on the farm may
have been the beginning of his lifelong dedication to
hard work. His religious upbringing as a Baptist may
also have had something to do with it, for his faith
stayed with him throughout his life as well.
A few years later W.D. worked in a
brokerage in Texarkana and attended business school at
night. He married Rena May Smith, and two daughters,
Macie and Nora, were born in the first few years of the
new twentieth century. W.D. made the fateful move to New
York City in 1903 at the age of 25.
WD
Gann now started commodity trading and stock market trading. Working most likely at a major Wall
Street brokerage, W.D. made other changes in his life as
well. He divorced his Texas bride and in 1908 at the age
of 30 married a 19-year-old colleen named Sarah Hannify.
W.D. and Sadie had two children--Velma, born in 1909 and
W.D.'s only son, John, who arrived six years later. In
addition, Macie and Nora came to live with their father
and were raised in New York by their Irish stepmother.
In 1908, he opened his own brokerage
firm, W.D.Gann & Co., at 18th and Broadway.
During the First World War the family
moved from Manhattan to Brooklyn first to Bay Ridge,
then to Flatbush. W.D. reportedly predicted the November
9, 1918 abdication of the Kaiser and the end of the war.
But it was after the armistice that the fortunes of the
Ganns of Brooklyn took their most dramatic turn. The W.D.
that traders know today emerged in the Roaring Twenties. |
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