Jeff Cooper is a famous trader with a clear basic philosophy: "when you use your capital in a trade it exposes you to risk. If you are less time on the market, your capital will be less exposed to risk".
An embraceable concept that will surely have a grip on more active traders that operate in intraday timeframe. And indeed it is to them that Cooper’s book " Trading Hit & Run " refers. The book in fact is subtitled with a sentence that leaves no place for doubt: the Bible of the short-term trader .
Cooper introduces the trader in a dimension made of hits and runs, explosive patterns designed for operations that last a few days at most, always in favor of trend and with a stop loss as small as possible .
Through its models Cooper aims to:
- identify the optimal entry timing;
- identifying best congestion phases in the very short term;
- report bullish and bearish breakouts.