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Rating:  Summary: Results are bad Review: I do not recommend this book. I went ahead and bought the book and read it. He claims it's the "trader's bible". He does provide ENTRY strategies as well as stops for these entries. He however, spends very little time saying anything useful about money management which is a very important aspect of any trading system. If this was not bad enough and you are smart enough to make your own money management scheme using his entries, you really can not do it, because he DOES NOT provide exit strategies! That is correct, he says it himself that his exits are completely discretionary (page 137). In any event, I went ahead and programmed all but two of this entry strategies (2 of them could not be done since they would require tick data and secondaries info to test them which I did not have - nor was I about to invest getting this data to test his strategies after seeing the bad results I got with the other entry strategies). Since he did not provide exit strategies, I tested several variations with each: exiting the next day at the open, exiting 2, 3, 4, 5 days after the signal. I also tested exiting randomly within the next 1 to 10 days. I did this testing to see if his entry strategies had any merit by themselves. I will not get into describing in detail the results for each. However I will say that NON of his entry strategies are worth investing in, because they make very little money if any at all. Those that did make some money made it when traded over MANY MANY trades (tested over 1500 stocks and averaged 4 trades a day). However, the statistical advantage was so little for winners that by the time you put some commission charge and some slippage (all his entries are stop based) you will definitively reduce the value of your account. Most likely you will just be feeding your brokerage house in the best case. In summary, the entry strategies I tested have no real trading benefit, he provides no money management scheme nor trade exit scheme - so it is not a trading system or strategy. He is really only selling useless entry signals. ... Using a absolute point value seems very "beginner" to me. If this guy is a professional trader and makes money, he is not using these entry signals unless his discretionary exit criteria makes up for his useless entries. I find that his entries are as useful as just entering randomly into the market place. Maybe his business is selling this expensive book to patsies such as myself. I hope you do not become the next one.
Rating:  Summary: Works well for me... Review: 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.
Rating:  Summary: A Complete Insight Into Hit and Run Trading Review: If you haven't already read this, you're missing out on something that has spring-boarded the career of thousands of traders. This is Jeff Cooper's best-selling first book that has been revered by the trading community since it was first published in 1996. The name "Hit and Run" is appropriate as Jeff's style is to enter and exit trades on the same day. Years of experience have taught him that it is better to take profits home than risk things going awry by holding on too long. The contents of this book are loaded with daytrading strategies that have been proven to work. The entire trading process is covered from selecting the right stocks to timing the best entries and exits. Getting to the heart of the battle, Jeff discusses over a dozen tactics he uses to capture movement in individual stocks. Every method is illustrated with real examples. Use of price patterns in conjunction with ADX and DI readings are the primary sources for the decision-making. As Jeff says, "not all breakouts are created equally." After watching the same processes play out over and over, Jeff has his craft down to a science. Specific rules for entering long or short are laid out very clearly, leaving little room for hesitation. Effective uses of trailing stops are also discussed to ensure profits are maximized. Every one of Cooper's strategies is designed to take full advantage of specific situations that tend to repeat themselves in the market. Expansion Breakouts, 180s, Boomers, and Lizards are trademarked patterns that have stood the test of time. Each chapter is structured to keep the big picture in mind while giving the intricacies of daily setups strict attention to identify high probability entries. Gauging behavior around the 50-day moving average may never be the same after reading these methods. Nothing is ever perfect in the markets, so it is important to have a good understanding of how things really work. Cooper's formulas for identifying risk-adverse setups are brilliantly simple, but it's his wisdom and experience that will help a new trader grasp the principles necessary to make his or her own decisions. One chapter is devoted to Cooper's trading journal so the reader can get a feel for what the business is all about. You will find reading this book is like being given a code to unlock opportunity in the market. Though it is important to keep in mind there is no substitute for discipline and hard work. To quote Jeff, "This is not an easy game, especially when a major market move (like the bull market which began in 1982) ends. There are probably fewer full-time professional traders in this country than there are professional athletes. You must be prepared to work as hard and to be as persistent as a professional athlete to become truly successful."
Rating:  Summary: My top choice for daytrading strategies Review: Overall not bad. Huge lettering and uses only half a page(or less) sometimes. Some good setups but, he gives bare-bones descriptions...
Rating:  Summary: Simple and POWERFULL Review: THANKS! THANKS! THANKS! Jeff.... This is a really wonderful book. It packed with pure HOW TO trading set-ups. All techniques are explained in a very clear mode. Get READY TO TRADE FOR A LIVING!
Rating:  Summary: Good! Review: the beautifulst book that I have never read, simple and operating sin that is outside production Jeff thanks
Rating:  Summary: Interesting Pattern of reviews here Review: This is the best book on trading I have ever read. I have utilized the strategies on a daily basis and have consistantly made money. Thank you Jeff for writing the best book ever! I will never return this book or loan it out to anyone. I give you my highest rating of three stars out of three stars.
Rating:  Summary: Straight to the Point Review: When the book arrived and I saw that it was only 150 pages - with many of those pages consisting of charts, I wondered if it was worth $100. After finishing it two days later I would have gladly paid three times that amount. As a successful trader Mr. Cooper is straight and to the point using actual experience and very little theory. He doesn't waste your time. In fact, I immediately ordered his second book 'The 5 Day Momentum Method' and spent the next weekend entering all of his indicators into the Metastock Explorer. You really do need a computer to take full advantage of these trading strategies. Now, every evening Metastock automatically scans my stock database for the signals (a great time saver) and of my first four trades using this system, three were successful, including two short sales which I had never before attempted. If short term trading interests you, I would heartily recommend starting with this book.
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