Hit & Run Trading: The Short-Term Stock Traders Bible [Hardcover]

Jeff Cooper (Author)

Book Description

ISBN-10: 0965046125 | ISBN-13: 978-0965046121 | Publication Date: December 1, 1996 | Edition: 1

Written by professional equities trader, Jeff Cooper, this best-selling manual teaches traders how to day-trade and short-term trade the best moving stocks. Jeff's strategies identify daily the ideal stocks to trade and point out the exact entry and protective exit point. Most trades risk 1 point or less and last from a few hours to a few days.

Among the strategies taught are:

* Stepping In Front Of Size -- You will be taught how to identify when a large institution is desperately attempting to buy or sell a large block of stock. You will then be taught how to step in front of this institution before the stock explodes or implodes. This strategy leads to gains from 1/4 point to 4 points within minutes.
* 1-2-3-4s -- Rapidly moving stocks tend to pause for a few days before they explode again. You will be taught the three day set-up that consistently triggers 4-15 point gains within days!
* Expansion Breakouts --Most breakouts are false! You will learn the one breakout pattern that consistently leads to further gains. This pattern alone is worth the price of the manual!
* Creating The Daily Hit List -- You cannot make money in stocks that are not moving! You will learn the powerful method that identifies which stocks to trade on a daily basis. You will be taught how to recognize which stocks are rapidly moving and which set-ups to use to trade them. This knowledge assures you of being in the correct stocks everyday.
* Also, you will learn how to trade market explosions (Boomers), how to trade secondary offerings, how to trade Slingshots, and you will learn a number of other profitable strategies that will make you a superior trader.

Editorial Reviews

Review

... an excellent work on short-term trading of stocks. -- Larry McMillan, President McMillan Analysis Corp., author of McMillan On Options

About the Author

Jeff Cooper has been a professional equities trader since 1982 and is the author of three best selling books on trading: Hit & Run Trading I, Hit & Run Trading II, and The 5 Day Momentum Method. Cooper's financial markets experience started in 1981 at Drexel Burnham, working for his father, a private hedge fund manager. During this time, he discovered a love and fascination for the financial markets and the forces that move prices.  He started trading for his own account in 1983 and left to exclusively trade the markets in 1986.  Cooper has been a trader and author ever since, working out of his home in Malibu, California.

Product Details

• Hardcover: 154 pages
• Publisher: M. Gordon Publishing Group; 1 edition (December 1, 1996)
• Language: English
• ISBN-10: 0965046125
• ISBN-13: 978-0965046121
• Product Dimensions: 11.1 x 8.7 x 0.6 inches
• Shipping Weight: 1.6 pounds
• Average Customer Review: 3.7 out of 5 stars  See all reviews (35 customer reviews)
• Amazon Best Sellers Rank: #161,154 in Books (See Top 100 in Books)

More About the Author

Discover books, learn about writers, read author blogs, and more.

Customer Reviews

Most Helpful Customer Reviews

36 of 38 people found the following review helpful:

1.0 out of 5 stars Ripoff!!!!, November 25, 1998

By A Customer

This review is from: Hit & Run Trading: The Short-Term Stock Traders Bible (Hardcover)

Save your money. If you want a much better book at a much cheaper price consider buying Dr. Alexander Elder's "Trading for a Living". Or you might try Stan Weinstein's classic "Secrets for Profiting in Bull and Bear Markets". I agree that Cooper's book is way overpriced for a book of such shoddy quality and miniscule content. Also most, of his so called "strategies" are nothing more than Japanese Candlestick patterns that have been around for hundreds of years. This guy is profiting handsomely by disguising Japanese Candlestick patterns as his own bar chart "trademarks", giving the patterns his own distinct names and then reselling them. Steve Nison's classic "Japanese Candlestick Charting Techniques" does a better job for a better price. His other strategies such as "Expansion Breakouts" are nothing more than trading range breakouts that have been around forever and can be found in any other technical analysis book. There is nothing new here folks! The book would be a better deal at $10. His 5 Day Momentum Method is even a grander ripoff! Only suckers need apply.

52 of 57 people found the following review helpful:

1.0 out of 5 stars Results are bad, February 12, 2003

By 

Pedro Suarez (Latin America) - See all my reviews

This review is from: Hit & Run Trading: The Short-Term Stock Traders Bible (Hardcover)

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.

55 of 61 people found the following review helpful:

2.0 out of 5 stars Not a Book For Beginner Investing, July 10, 1999

By 

[e-mail] - See all my reviews

This review is from: Hit & Run Trading: The Short-Term Stock Traders Bible (Hardcover)

Although I agree with Mr. Cooper's stategies, I would not recommend this as an initial book for someone looking for short-term trading strategies. The first few chapters are going to appear "greek" to someone who does not understand ADX or DI strategies since they are not explained.

A MUCH better recommendation would be "Street Smarts, High Probabilty Short Term Trading Strategies" by Laurence A Connors and Linda B Raschke. It costs a little bit more ($122.50 thru Amazon) but well worth it since it offers a bit more detail and better hand-holding for a beginner. They are obviously business associates since their trading strategies fall under the same names and Jeff Cooper had referred to Larry Connors in this book.

In "Street Smarts", there were also better examples of how they manipulated the software to conform to their strategies and the type of software packages they recommended!

"Hit and Run" would be a good follow-up and offer slightly new insights to the book "Street Smarts" once you understood the "lingo". But probably, overall not worth the money since there were many more "Street Smart" strategies that could be used and were better explained by Connors and Raschke.