Step 3: The hook
Except, this time the loop is a touchy little bitch.
Whatever! You can do it. It's a pain, but once you figure out the spacing you can hit them all the time. I don't think there's really a "secret"; I came up with a bunch of "secrets" to hitting it while I was learning it, but in the end, I think it's just practicing until it clicks.
I let the bottom part of the loop hit around my wrist and the top hit the middle of my finger, 'cause it makes for the biggest loop possible. The downside is that being on the wrist causes the yo-yo to start to tilt quicker, so, uh, dismount fast.
I also think it's easier on taller yo-yos. YWET and Throw Monkey por vida.