This book was written in 1949. By all means what put forth by Gann as the 12 and the 24 rules are still valid today. In fact, his ideas are still being copied in simply all other trading books. Even the diary like section in Soros' Alchemy of Fianance did resembled the style of a majority part of this book. In short, a must read for any trader!

W. D. Gann's last book, 45 Years in Wall Street, written when he was 72 years of age, was arguably his best stock market book. It was written with the immense benefit of his lifetime of experience in Wall Street. It was inspired by a desire to pass on his wisdom to others.

Gann always openly hinted that the details for his celebrated forecasting method were concealed in his writings. This book, as is all others written by Gann, is written on two levels. The first level is expository and describes how to swing-trade. The arcana submerged in the second level can be approached by examining the recurrent themes about time, price, and geometry, and the dates which he feels are significant.

W. D. Gann did not believe in pulling punches in his books. He understood the risks involved in trading and investing and believed in giving his students a realistic view of market reality, including knowledge which would help them to control the risk and to profit handsomely.

Early in the book Mr. Gann addresses the issue Why You Have Lost Money in Stocks and How to Make It Back. Under this heading he lists three reasons why many traders lose:
* They overtrade or buy and sell too much for their capital.
* They do not place stop loss orders or limit their losses.
* Lack of Knowledge. This is the most important reason of all.

Every page of 45 Years in Wall Street contains valuable knowledge, however it is W. D. Gann's twenty-four never-failing rules that give traders and investors the benefit of his knowledge.

As Mr. Gann states:
"Many have written requesting me to write a new book. With the desire to help others I have written "45 Years in Wall Street" giving the benefit of my experience and my new discoveries to aid others in these difficult times. I am now in my 72nd year; fame would do me no good. I have more income than I can spend for my needs; therefore, my only object in writing this new book is to give to others the most valuable gift possible--KNOWLEDGE! If a few find the way to make safer investments my object will have been accomplished and satisfied readers will be my reward.
In this book I have revealed some of my most valuable rules and secret discoveries never published before, in hopes that others will work and study hard to learn and apply these rules. If they do, speculation and investing will no longer be gambling but will become a PROFITABLE PROFESSION".
W. D. Gann

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