To All: Jeff Cooper's 5 Day Momentum Method
61 pages, $50
Summary: This method identifies only the strongest trending stocks, working just as well shorting collapsing stocks as it does buying runaway stocks. You'll learn the method behind the madness, how to identify the exact day and price to enter these stocks before they explode, exit strategies to maximize your profit and money management to minimize your losses. It's a powerful and complete trading system answering the age-old question: where do you enter the market to provide you with the highest possibility of profit while taking the lowest degree of risk ?
You can buy this book by calling 1 888 486-7861 or by Web visiting: mgordonpub.com
Short and sweet, why I like this method ?
Let me give you three reasons:
1. Now I can trade better my volatile NASDAQ stocks. Of course I'm assuming more risk, but I respect Jeff's great advice regarding the 5 day exit (when I can't watch my positions intraday), the trailing stop exit (when I want to increase my profit) and the most important for me: tight protective stops !
2. It's a fairly low risk trading strategy, encapsulating great common sense. Statistically, in backtesting the method on a universe of over 500 stocks (above $50/share) over a period of seven year period, there was an approximately 1 5/8 point average gain per trade over a five day period.
3. After first time reading I was disappointed: "It's all ? So simple ?", but reading / thinking again I would say now: "it's pure gold" from a PRO ... Thanks Jeff Cooper !
This review is only reflecting my own opinions/likes/ideas, feel free to check for yourself, everyone is so different ...
If many are interested, we can start a new Jeff Cooper thread.
1stSunRay
PS: Few hours ago, I've just received "Street Smarts" as a gift, I surely like Laurence A. Connors & Linda Bradford Raschke, stay tuned ... I'm so sorry for NOT replying to all your kind messages, but my first priorities are spiritual life, my wonderful kids, my new business, high tech job, and ... if time permits, this thread - so close to my heart ... Special Thanks to All ! |