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: Deep Margin who wrote (321)	5/22/1998 8:52:00 PM
From: David Meyer	Read Replies (1) of 438

What did you paper trade. From his 5 day free trial? On the 5 Day momentum method or from his Hit & Run. Were you day trading? What set-up do you have now. Level 2? What broker are you using. I have the software mentioned in his Hit & Run Book as well as the software for his 5 Day Momentum book. Also have Super Charts from Omega Research, omegaresearch.com - Cost $395.00 Tell me more about your set-up and how you trade etc. If you try to use methods from Hit & Run and don't follow as a day trader, you will probably lose money. Example is SUGN. The Scan of 5/21 close gave two signals to buy on 5-22. One for the 5 Day Momentum to buy at 15.875 Stop 15.062, 2nd for H&R 1-2-3-4 to buy at 15.938 Stop 15.125. 5-22 End of day quote shows +.375 close 15.875 Figure commission of $20. on each end = $40.00. So if you bought on the signal and sold at EOD you lost $40.00. However after 15.875 was triggered I put in buy at 15.75 and was filled. Later I got out at 16 5/16 as I didn't like the way the market was acting. 500 shares. 40.00 commission. = 241.25 Profit. So, tell me more about your set up and how you would have lost. Regards

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