Max out your speed first, then your strength. This helps in the matches because all you have to do is keep throwing hooks, then when your opponent is dazed, use your Super Punch to knock him down. After you have maxed out speed and strength, you should be able to defeat all of your opponents with ease using hooks.

Get your strength to maximum, then work on your speed. Use the X + Down and Circle + Down combo for someone like Bob Cray. If you are fighting a normal opponent, then use the Square + Down and Triangle + Down combos. For the best results, use both combos.