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

Attila the trader

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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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