Hit and Run Trading: The Short-Term Stock Traders' Bible
T**7
His system has removed my anxiety and just plain works.
Buy the book, read it through twice, order his service through Minyanville.com and start with small share lots and gradually get bigger as you get more comfortable. The bottom line is, if you follow his strategy to the T, you will make more money than you lose. He is that good. A must read for new traders.
R**K
Cooper's view on the trader's psychology is spot on
I liked the choices of set ups and the logic is there, the only thing a trader needs to do is observe many hours of charts to find the stocks. I have used a few of these set ups and I think the best thing to do is to focus on one at a time and master the fundamentals. I really enjoyed Cooper's last chapters as he talked about the importance of a trader's mental make up. This, as he says, is more important than the entry points. Lastly, I admire Cooper's simplicity in being a discreationary seller.. I think it's a system that works for him buy I wonder if he looks back at trades to see if the trend continued.
H**N
been long time looking for book like this two thumbs up
earning money from stock market is not as difficult as i thought, after reading and practicing the strategies inside this book
S**I
Hmmmm...
I want to say this is an interesting book...but all it taught me was how much time some people have to spend researching stocks to find good moves, thats why i switched to learning how to trade emini futures....and no PDT law either!! bada bing bada boom! For the high price and fairly empty pages...i dunno. Its pretty straightforward with the moves he looks for...just didnt do anything or me. Seems like a book for those who are already cosistent traders and want more ideas....zzzz
J**N
Changed the world of trading for me
I am a new trader, a little over a year in of studying everything I can find. I have read tons of useless crap. This is the first book that connected with me. Over the last year I learned a lot about price action trading intraday. My biggest block was the micro-view I had of the market. I just couldn't seem to apply what I knew to a larger time frame and make it work. I also knew that once I was able to learn how to take more of a Macro-view of the market things would take off for me. I did a trial of Jeff's service and got the book with the trial price. The service did not work for me because I am used to trading weekly options on very liquid stocks because of my small account size and Jeff mostly trades shares on a certain kind of stock (he talks about it in the book). But the BOOK was the GAME CHANGER. I got the book in the mail and read it many times over. I built scans for all of the strategies and watched how they played out. I was using what I had learned about price action and combining it with what was happening to the stocks that would be produced by the scans. (each scan populated a watch list) and things really started clearing up and coming together. At this point I changed the scans to only populate on the type of stocks that I was able to trade. Sure, not as many stocks were produced but the of the stocks I did get >80% were winners, big winners. The strategies are SOLID. The clarity and learning the "macro-view" was what changed my trading world. Thank you Jeff for sharing your knowledge, you have blessed me.
H**M
Some of the best strategies for short-term and day traders!
I have read many reviews on other sites on this book and I am amazed by the amount of people that think for one second that Jeff Cooper would just give you a trading system for $100. I must admit, that with a little ingenuity one can make a lot of money with these strategies. You won't find an easier method of trading if you use just a little common sense and approach these strategies with a well devised trading plan. However, this system isn't for everyone, as it usually comes with intra-day drawdowns in your p-n-l, but it's the end of the day that counts. The strategies look to capture the big moves and not the quick bucks, there is more money to be made that way.The Hit and Run strategies follow the best trading practices:-enter as a stock is moving in your direction (the trend is your friend)-know your risk (have your stop-loss in place)-lock in profits-maximize your gains-being prepared before the market opens-solid strategies based on price-action that have worked for yearsThe only problem that I have with the strategies are that it seems to me to have too large of a stop-loss for the intra-day trader. Once again, with a little thinking I devised a way that works for me...risking less per trade than what Cooper mentions in the book.What's so amazing about trading is that so many people are looking for "Something for Nothing" and it just isn't going to happen. Why, who wouldn't pay $100 for a trading system that worked? The truth once again is that many people could be 'given' a trading system that was profitable, but they would somehow mess it up. Trading systems that work, work because the emotional element (the human mind) has been eliminated. So I must say get the book and study the market, you can be successful using the strategies in this book!Then again, read the other reviews, convince yourself it doesn't work and let me keep trading the strategies my personalized way and let me make the money.
S**S
Works well for me...
I have read a few trading books in my short career and found Cooper's book the most useful. It was short and sweet and I was able to pick up the concepts fairly quickly. All his strategies made sense to me and I am able to find winners about 60% of the time with these strategies. I don't think that absolute beginners or investors will benefit from this but traders who know how to find the ADX and the +DI/-DI (that took me the longest time to figure out but it really was easier than I thought, most trading analysis programs carry it as a standard feature). Computer literacy is a must to successfully use these strategies. If you don't know much about technical analysis, I recommend the Encyclopedia of Chart Patterns or Getting Started in Technical Analysis before reading this book. You may also want to check out AIQ's TradingExpert Software. Their manual is very clear with the explanations of the different technical indicators.
M**.
Two Stars
Do not have many ideas that are usable.
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