Trading IPOs?

[Andrew Aziz 98]

Anyone has a strategy for IPOs? I have not yet figured out the best strategy for trading IPOs.

 

Any beta is mostly appreciated.

[anhkind 1]

I would wait until it breaks the high of the day. Any other scenarios are still very obscure as we don't have any resistance/support levels and no shares to short! It's the best to have an Alert (on Das) at the high of the day and it will notify us on time :)

[Anders 5]

I just treat them like an ORB trade (long) at the open after the first 5min candle. I also go small shares and a tight stop. They usually pop at the open from what I've seen so far, so this has worked for me a few times. Worked okay today on ARMO for a quick profit. After that I'm done with them for the day.