What was the reason for Jeff Cooper to write the book "Hit and Run"? Are those entries profitable if programmed into a computer? Or, are those ill-described for a reason, without an exit strategy to maintain profits? Was Jeff Cooper genuine? Where is the money at?
A group of us, including Jeff traded together in an online chat after he left Trading Markets. His ES trades were off a 10 minute chart and involved Gann square outs for targets.. His "Cooper 123" is simply a variation of the standard issue trend pullback trade used by many of us. Raschke and Connors called it the "Holy Grail", Joe Ross, the "Ross Hook", Bill Williams, "Fractal Trading" etc. Jeff is a savvy guy but none of us ever saw each others P&L, so is he for real? Dunno but I do know he had a nice house in Malibu.
I find it odd to have "traded together" and not have shared P&L. What was the point of trading together and what was the point of hiding?
There was no intention to "hide" or to compare. We grouped to share ideas and for trading company. One's P&L is nobody's business UNLESS they are selling something. I have no interest in seeing some one else's. What difference does it make?
You seem to have trouble understanding this...what someone makes is nobody else's fucking business except themselves, their broker who would know, their CPA who needs to know or the IRS who insists on knowing. If you want to know if strategies are legit...test them
I was trading off-floor ~2001. I think Cooper was genuine, but was hinted what to buy. His entries were his own. What allowed him to make money was a combination of not taking too much and providing the 'sales' to gun the stock up, combined with an early instinct to get out. He played with small size, which allowed a larger to precede with volume to get out.