Hit & Run Trading: The Short-Term Stock Traders Bible

by Jeff Cooper

Written by professional equities trader, Jeff Cooper, this best-selling manual teaches traders how to day-trade and short-term trade the best moving stocks. Jeff's strategies identify daily the ideal stocks to trade and point out the exact entry and protective exit point. Most trades risk 1 point or less and last from a few hours to a few days. Among the strategies taught * Stepping In Front Of Size -- You will be taught how to identify when a large institution is desperately attempting to buy or sell a large block of stock. You will then be taught how to step in front of this institution before the stock explodes or implodes. This strategy leads to gains from 1/4 point to 4 points within minutes.
* 1-2-3-4s -- Rapidly moving stocks tend to pause for a few days before they explode again. You will be taught the three day set-up that consistently triggers 4-15 point gains within days!
* Expansion Breakouts --Most breakouts are false! You will learn the one breakout pattern that consistently leads to further gains. This pattern alone is worth the price of the manual!
* Creating The Daily Hit List -- You cannot make money in stocks that are not moving! You will learn the powerful method that identifies which stocks to trade on a daily basis. You will be taught how to recognize which stocks are rapidly moving and which set-ups to use to trade them. This knowledge assures you of being in the correct stocks everyday.
* Also, you will learn how to trade market explosions (Boomers), how to trade secondary offerings, how to trade Slingshots, and you will learn a number of other profitable strategies that will make you a superior trader.

Genres: Business, Finance

159 pages, Hardcover

First published December 1, 1996

About the author

Librarian Note: There are more than one author in the Goodreads database with this name.

Reviews

[Greg · Rating 3 out of 5]

Other reviews talk about this being out of date, I think that's a little wrong. Some of the names he gives things are fairly common trading patterns with new trademark names applied, like the lizard(tm), is just a shooting star or hammer exhaustion bar, although maybe Japanese Candlestick names weren't mainstream in the late 90's? The idea that a trading book is worthless because the author uses a bar chart instead of a candlestick is just moronic nonsense, they are the same fucking thing, the candlestick just pops intuitively a little more, or at least for me when I'm looking over charts? I haven't fired up TOS or Tradingview to check on these setups to see how they do but they should work, they logically fit into momentum based trading ideas. Someone would probably want to check on what kind of volume works best, I have a feeling the 200k or 500k volumes are no longer applicable for finding good illiquid stocks. I also imagine that one would have to check to see if the stoploss positioning he gives would still work with the increase on intraday volitility we have now. That a said I don't have an interest in trading stocks, or swing trading so most of these strategies would need to be adjusted if for futures or intraday trading.

The big criticism I have with the book is exits aren't really discussed much at all. Finding profitable entries isn't all that difficult if you spend some time researching and testing but exiting and staying with winning positions is the real challenge of trading and admitting that he mostly goes on instinct isn't helpful since most people's instinct is to hold onto losers too long and cash out of winners too quickly.

[Tony WANG · Rating 3 out of 5]

The materials in this book are mostly outdated.. For one, back in the 90s, technical traders still use bars charts instead of the more intuitive Japanese candlesticks. His methods are common knowledge now such as breakout through 50-Moving Average trades. Also, he mentioned the bull trap gapper aka exhaustion gap, the typical buy the rumour, sell the news market manipulation for profit taking.

Ironically for a technical book about strategies and systems, I find the non-technical aspect of the book the best. The psychological bit of this book is pure gold specifically Chapter 17 on Money Over Mind. The rest of the chapters are mostly the authors method with his "trademark name".

The follow nuggets are still very relevant as ever, just like the market will never change as long as it is still dominated by human nature.

"When in doubt, get out.

Take small losses and check your ego at the door.

Only the humble survives the market.

In the trading game, you must learn to pat yourself on the back for taking small losses.

There is no harm in guessing wrong; the sin is in staying wrong.

‘Buy and hold’ investing strategy only works in a bull market.

If you are patient, the markets has a way of painting its picture for you."

[Maroun Kaye · Rating 1 out of 5]

The strategies might have work 30 years ago when this book was written , but now not only they sound illogical (i.e: trading illiquid stocks...) , the back-testing failed too.
I also double-checked the charts in the book on tradingview and on the website he pulled them from and the prices don't match.Nike was trading nowhere near 120 in 1996..it was more around 5$...not one chart matches .. i don't know what s going on, did he change the prices or mix up the tickers, but anywho , if you do want to test the setups out, paper trade them definitely..

[Jordan Rey Francisco · Rating 3 out of 5]

Easy read. Trade set-ups are neatly presented.

[Lime Street Labrador · Rating 1 out of 5]

Hit and run my butthole

[David · Rating 4 out of 5]

I made a lot of money trading the 1234 method, but it was in a strong bull market. So buyer beware. In fact, in a later interview he said that he trades around his set-up, meaning not exactly according to the rules in this book, and in fact, at that point in time, he has become a longer term trader.

[Davood Wadi · Rating 4 out of 5]

Gives you original trade setups and ideas to create your own