Book: Hit And Run Trading by Jeff Cooper Message Board

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Strategies & Market Trends : Book: Hit And Run Trading by Jeff Cooper

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To: Darth Trader who wrote (44)	12/13/1997 1:07:00 PM
From: Marlin C. Harmon	Read Replies (1) of 438

Elder is right. In this market the tanking overnight certainly could be significant, which is why I have the same interest you do. Since Cooper's book has been out for about a year and a half possibly 39000 new traders could be using the methods. In reality, I think someone else has suggested that fewer than 10%(maybe even 5%) of the traders who start ever become successful and stick with it. So that only leaves 3,900 of the new book owners, assuming all start trading. Actually, my guess is that the methods of Cooper don't work for everyone because of the various reasons of time committment, monetary requirement, lack of adaptability to individual trading style, broker cooperation, etc. I have found that most of the methods paper trade well but actually doing the trades is another story. Darth, after you have used them for a while could you let me know how they work for you? I have been able to adapt them so that some work well under certain circumstances especially during stongly trending market conditions.

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