how to Trade the first day of a stock after an IPO ??

Attila the trader

Active member
the first time after an IPO the stock start trading in the first few minutes some of them do huge spikes, I've seen some more than 2X within minutes !! , what are the risks of trying to catch some of this, put a buy stop order before the market opens so you would only get in if it goes up, ride the wave up and get out within the day , only trading the ones with sufficient hype (lot of media coverage and oversubscribed ) and large volumes, . is there a hidden risk I'm missing it seems very lucrative though.
 
 
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