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Strategies & Market Trends : Book: Hit And Run Trading by Jeff Cooper -- Ignore unavailable to you. Want to Upgrade?

To: Bruno Galliano who wrote (365)	6/21/1998 1:48:00 PM
From: Richard Estes	Read Replies (2) \| Respond to of 438

you can duplicate his setups, but you can't test for them. He doesn't address exits, he just feels his way thru them. if you look in his chosen examples you see many going for days after entry, but in reality you will face many moments in those days where you must decide sell or stay. A rare person who has bought into the "daytrader" idea will stay that long. The system is one of small % profits requiring a fair amount of profits to add up to real capital growth. buying 100 shares of an $80 stock won't do it, playing it for fractions or even a one or two point move.