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1) If an IPO price is raised at the last minute, or at least it prices at the top of the range, it indicates robust demand and the stock may open and trade higher.
2) Watch how the stock opens. If it opens above where it priced but not by much and starts moving higher – you may want to establish a small position.
3) If it gaps up way above where it priced – it may sell off and you are better off watching and waiting.
4) Watch it for a few days to see if it establishes an upward or downward bias. The right time to buy VMW or STV was at the close of day 2.
5) For every IPO that closes up 40% there are several that close down. It's a high stakes game because you don't know what the holders are going to do and how many buyers there are out there. You are watching the sellers and they are watching you – for the right moment to dump. Hence the discrepancy between the VMW and STV performance – even though the first 2 days were identical and gave the same buying signal.
Say you pick a time like 2 hrs after the market opens and pick the top gainers. Find out why. Look at the trend, is the company already trending up? Go for it (a little slice, not the whole pie, pace yourself). Does it still look ahead at the end of the day? Sell it. It will range and retrench during the day. If you held on and it is trending up two days in a row, back off, other traders will be taking profits. There is a touch of the casino in this, like at roulette, if the last two numbers were red, bet black.
Its a gutsy way to go (to go broke usually), but if you keep your losses small, never bet the whole pot, are smart about which stocks you play, then you will last longer than most. Remember, the difference between stocks and Vegas is that when you risk a chip in the casino you get nothing. When you buy into a stock, you still own a piece of a bigger game, you don't have to sell it, you still have an equity. Just as what goes up will come down, what goes down can come up. Stick with trading seasonal stocks that make profits or simply major-traded stocks that make profits. If you buy into profitable companies that have comparatively low price to earnings ratios, then even if it goes against you today and the next day, there is good cause to think a turn around is coming. Still, don't let your losses ride too far or too long–but then that's not day trading.
you need to have enough knowledge of how to proceed in day trade so you don't get burned.
i'd suggest you learn all the foundamentals of stock market before you throwing money into stock market.
learn what cause stock price change and how market conditions and news affect stocks in each sector.
i'd highly recommend you get Jim Cramer's Mad Money AUDIO book so you can listen to the CD while driving it's very helpful for beginners.
and watch CNBC Fast Money to get every major market event and news to stay on top of the game.
also.. at least learn stock evaluation techniques and calculate net present value of underlying stock.
I have question about day trading. Let suppose you buy three stocks during market hours and sell it after hours. Will it still consider as a day trading pattern .
Let suppose by mistake you trade more than four stocks and sold it same day than what would be the consequences for it. I know they would ask to deposit 25k. What happened if you don't have 25k. Thank you
I again (2) quaters later tried to do the same thing thing. However, I found out that I owned 75% of the put options on this stock word wide I was scared that the S.E.C. would investigate. Once again the stock opened at $11.00/share under, instead of investagating they closed Option Trading until the stock stablized. I still made $3.38/share at closing and took the money and ran, but to this day I still bothers me that they could do something like that. Is this leagal on their part?
Ryan S.
Welcome to the real world. I have hope's for you son. (Remember this statement as long as you live.) In 20 years you're going too view everything you know about the real world in a different perspective.
Are you for real? The question is was it legal on YOUR part?! Don't give me your 'welcome to the real world' BS, you broke the law–apparently well aware that you were breaking it–and it bothers you that they caught on to your game and shut you down? It's funny, I suppose, in a sad sort of way…
Yes, what they did was legal. It was legal and it was proper. You should just feel lucky you got away with it as much as you did, and leave it at that!
But you're just making this stuff up anyway, aren't you?