I haven't read all the posts on that thread which someone has combined in a doc, but just few posts. I think, even if DIBS may not be applicable for stocks but one can pick up few pointers from that.. and develop own strategy..
At the end, we are better of trading our own rules.. and have will have better sticking rate to them.. then following someone else's rule which we don't understand.
I like one of his suggestion for intraday breakout trading - take the trade in the direction of market today compared to yesterday's close. If mkt is in green today, then take only buy side breakout on intraday.. and opposite for short trade. .. In his observation, just this simple rule will keep us improving the result. I haven't tested it yet.. but idea is worth looking at..
Happy Trading.
At the end, we are better of trading our own rules.. and have will have better sticking rate to them.. then following someone else's rule which we don't understand.
I like one of his suggestion for intraday breakout trading - take the trade in the direction of market today compared to yesterday's close. If mkt is in green today, then take only buy side breakout on intraday.. and opposite for short trade. .. In his observation, just this simple rule will keep us improving the result. I haven't tested it yet.. but idea is worth looking at..
Happy Trading.