IPOsI find these very difficult to trade..lol
It is wonderful while they are going up..but when it is time to come down, there is no support and you are like..Holy Cow! Free fall!!
I look at the chart and there is nothing to catch price except possible the bottom, which does not always hold.
There is no base established. I have decided I will not touch another IPO until there is a trading base established. My new rule. Unless I want to do a momentum short term trade and sell super quick..I am out. I do not care how good it looks..lol
This has been added to my set of trading rules, or my plan.
Comments encouraged
what is your experience with trading these?
