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Strategies & Market Trends : DAYTRADING Fundamentals
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To: Marshall001 who wrote (396)6/9/1999 6:54:00 PM
From: Don Pueblo  Read Replies (1) of 18137
 
Another way to say the same thing:

If you are reading this thread to get some hints about day trading so you can either start doing it, or become successful enough at it to make back the dough that the rest of us already took away from you, you should stay away from high risk trades. IPOs on Day One are about as high risk as you can get.

Somebody somewhere (James Cramer calls him "Mr. Lucky") may know where an IPO is headed on Day One.

I sure don't. And I'm here to tell you that this is another lesson I learned The Hard Way.

If you are learning, then you should just learn. Learn to do it on trades that have a little more prediction and a little less risk. Yes, it is true that you can't short IPOs when they open, but that has not stopped some of them from tanking.
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