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Strategies & Market Trends : Book: Hit And Run Trading by Jeff Cooper
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To: RAK who wrote (123)2/2/1998 11:05:00 PM
From: Joe Sheets  Read Replies (1) of 438
 
RAK,

I have read the 5 day book twice and have just recieved my first copy of the e-mail stock picks from Jeff. I am going to paper trade them for the week of the free trial. I'll let you know how I do. I have also read his book on the Hit and Run method three times and have paper traded that method for about 7 trading days with moderate sucsess. It is very hard to paper trade that method because you HAVE too watch the stock during the day to make it work. the sucsess of the method is very dependent on the prudent use of trailing stops and exit points. Since I too have a day job, I was only able to "look back" at the day and see if I was stopped out(-$1) or ended the day with a profit. This, I feel does not reflect the true performance of the method. Another limiting factor is funds. I don't have enough of them!! To trade his Hit and Run method the way it is supposed to be you have to be able to buy(or sell short) approx. 1000 shares of 10-12 stocks that are priced from the mid $30's to $100 or more. That adds up in a hurry! Even on margin! I'm not saying that it cant be sucsessful with a smaller share purchase, say 200 or 300 shares. I'm sorry this is so long! if you have any specific questions I'll try to answer them.

Joe
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