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

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 years

The 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.

Everything I mentioned in my critic about the orignal Hit and Run stands still true for this one, but don't expect to be a fantastic trader from the start either. You have to study his setups, what works now and what doesn't. It would help to get his swing/day trading service for a while and pick up on the ideas. Of course, Jeff's daily commentary are the BEST, bare none. Well worth to invest in his books and service, but don't expect instant miracles either.

And yes, Jeff is a successful trader himself, working out of his home in Malibu. The book and setups are not just text book varieties, they come from real life every day trading.

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.