Pricey, but consider it an investment.
Hit and Run Trading II, like its predecessor, is all about taking advantage of strongly trending stocks. There are four parts of this book revealing 17 new strategies:
1. Trend continuation patterns, holding for a few days
2. Cooper's best strategies, including Stepping In Front of Size
3. Reversal strategies
4. Techniques to improve your trading, including 40 learning examples.
Cooper provides solid groundwork for interpreting the dynamics of stocks and the market so traders can recognize the strategies for themselves. For example, the Intraday Relative Strength Trading Strategy (IRSTS), used to identify and exploit strength in big-cap Nasdaq stocks by comparing to the S&P futures action, is clearly defined for makings risk-adverse decisions. After Jeff outlines his strategies with a set of rules and examples, a trader is practically given a map of what to look for. All of the strategies of the book are discussed and broken down to a specific set of rules to follow. Of course, every situation in the market is truly different from the next, but it's the basic pattern and trends that repeat themselves over and over that Jeff has identified and made obvious.
A chapter of Q&A's is another valuable resource of this book. Through the years Jeff has been interviewed by radio shows and newspapers, and this represents the best and most useful insights from that material. This is where the reader can really get a feel for the thought process of a trader. Trading isn't just about having some great strategies to apply to the market; to be successful requires lots of hard work and devotion. From being fully prepared each day by locking in hours of research, to having a good understanding of how your judgment may be flawed, this section is an important part of this book and alone makes it worthwhile.
If you read the first Hit and Run book, you are aware of Jeff's style and well-thought-out strategies. This book is of the same spirit and quality. Having Jeff's strategies on your side would be a tremendous asset to any trader. Simply getting a glimpse of his perspective on the market would be beneficial to everyone from scalpers to intermediate-term traders. Jeff is a daytrader and a highly successful one. If given a chance, this book could take traders a long way, but as always, the decisions are always yours.