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.

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."


My top choice for daytrading strategies   March 26, 2002
 9 out of 14 found this review helpful

How can I describe this? I am completely floored by the number of simple, effective strategies that are in this book. When my friend recommended this to me, I was skeptical because the book was published so long ago (1996). After borrowing his copy and using the Stepping In Front Of Size strategy, I was happily surprised to find a gaggle of profitable opportunities. Out of guilt, I ended up buying the book (also my friend demanded his copy back) and have not had one regret since. I only make this point because I was so skeptical of the merits of this book before I bought it. I hope that some of you out there don't make the same mistake I did in initially dismissing the value of the strategies it contains.