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: bob wallace who wrote (113)	2/2/1998 4:02:00 PM
From: Jim Snyder	Read Replies (1) of 438

Bob You are correct. He does claim his exit strategy is subjective. I like his discussions on trailing stops. If you're sitting with a 1 1/2 point gain, it may be a good idea to set your stop at a 1 point gain, then move it up as the stock rises. I do not do any of his trades. I'm currently investigating a career in trading. Since I have a full time job now, I can only make the picks the night before and see how they would have done during the day. I thought the 5 Day Momentum Method would be great for me, but I can't seem to get the average 1 5/8 gain per trade that Jeff seems to get. I only get about 1/4 gain per trade (with $20 commissions, 1/8 point slippage, and 1000 shares). -Jim

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