Customer Reviews

Hit and Run Trading II: Capturing Explosive Short-Term Moves in Stocks, Updated

5 star:		(5)
4 star:		(2)
3 star:		(1)
2 star:		(2)
1 star:		(0)

 

 

I believe Cooper wrote this book in response to the huge demand of his first book. The techniques discussed are nothing new. They are just a reflection of the ones in Hit & Run 1. I did enjoy Hit & Run 1, however.

Cooper's "setups" as presented in this book are really just a repackaging of various chart patterns. I believe the reader would be far better served by understanding why these setups work (when they do) rather than what they are specifically; an examination that the author chooses not to provide (after all, what do you want for 100 bucks??)

Bulkowski's book on chart patterns & Prechter's book on Elliot waves will give you a far better understanding of the market than any of the Cooper books. In fact, with an understanding of Elliot all of these patterns or setups become remarkably clear, to the point where you shouldn't need this book in the first place

I started using this book after reading it and my first trade paid for 15 copies. Jeff Cooper makes day trading EASIER by revealing some interesting patterns to look for. I find 2-5 trades daily that I can see just looking at the daily list of highs and lows. I do not enter all of these trades because other technical analysis methods of review keep me out if the stock does not do what was hoped for to enter the trade.THe trades which I did get into were successful and were in stocks I would never think of following. Coopers warnings about when to enter and when to get out are valuable. I just bought another for my friend.

Following up the original collection of successful strategies in Hit and Run Trading is Jeff Cooper's second and equally outstanding book on capturing explosive moves in stocks. I imagine the question on everyone's mind is, "Great, but will this improve my trading?" and the answer is - YES. The first book kick-started daytrading careers for thousands, and this one is bound to make you wonder how much further the author can break down the complexities of the markets and delineate methods for taking advantage of it.

Hit and Run Trading II, like its predecessor, is all about taking advantage of strongly trending stocks. There are four parts of this book revealing 17 new strategies:

1. Trend continuation patterns, holding for a few days

2. Cooper's best strategies, including Stepping In Front of Size

3. Reversal strategies

4. Techniques to improve your trading, including 40 learning examples.

Cooper provides solid groundwork for interpreting the dynamics of stocks and the market so traders can recognize the strategies for themselves. For example, the Intraday Relative Strength Trading Strategy (IRSTS), used to identify and exploit strength in big-cap Nasdaq stocks by comparing to the S&P futures action, is clearly defined for makings risk-adverse decisions. After Jeff outlines his strategies with a set of rules and examples, a trader is practically given a map of what to look for. All of the strategies of the book are discussed and broken down to a specific set of rules to follow. Of course, every situation in the market is truly different from the next, but it's the basic pattern and trends that repeat themselves over and over that Jeff has identified and made obvious.

A chapter of Q&A's is another valuable resource of this book. Through the years Jeff has been interviewed by radio shows and newspapers, and this represents the best and most useful insights from that material. This is where the reader can really get a feel for the thought process of a trader. Trading isn't just about having some great strategies to apply to the market; to be successful requires lots of hard work and devotion. From being fully prepared each day by locking in hours of research, to having a good understanding of how your judgment may be flawed, this section is an important part of this book and alone makes it worthwhile.

If you read the first Hit and Run book, you are aware of Jeff's style and well-thought-out strategies. This book is of the same spirit and quality. Having Jeff's strategies on your side would be a tremendous asset to any trader. Simply getting a glimpse of his perspective on the market would be beneficial to everyone from scalpers to intermediate-term traders. Jeff is a daytrader and a highly successful one. If given a chance, this book could take traders a long way, but as always, the decisions are always yours.

Looking at Jeff's second book, I am happy to say that I found it to be very useful. It goes into a lot more detail than his first book and gave me a better sense of how he trades. I mean, he introduced a number of new strategies and also included a pretty detailed section on the data feeds he uses, how he interprets charts intraday, and recommends a reliable brokerage system for you. It's a great little package with lots of helpful information.

I've never read the first one, so I can't compare and have no opinion on it. However, I did find this book is be very good. Gets straight to the point, has a dozen step by step strategies and methods that I'm positive will work with proper money management. I don't agree with all the theories, nor will I necessarily use these in my own trading. But, for someone new or looking for short swing type of trading methods .. this one is worth a look.

Pricey, but consider it an investment.

I've used the patterns from Hit and Run I to successfully capture short term moves in stocks over the past two years. Hit and Run II takes up where the first book left off. It provides additional methods and more insight into a professional traders psyche. Any one method is worth the price of the book alone. In addition, the question and answer chapter is fantastic. I read it almost daily before I turn on my screens. John

Jeff Cooper's book on Day trading. I've used a few of his method's and strategies in the past some work and some not on the intraday charts and too the point.
Most of his books he published in past are simular with various chart patterns that most of the experienced trader's already know.

Fantastic. Period.
Boosted my earnings 200%. Needs some minor tweaks because of increased volatility of markets today, but the rest works as a charm.

I read the book and found that these strategies are very good. I think the key thing to keep in mind when trading these strategies is to be well capitalized.