Schedule Alibaba shares ticker BABA on the day of the IPO
As usual, we had to wait a long time for the opening of a share on the day of the IPO, this is already a tradition on the stock exchange. Originally posted on 60-68$, but on the opening day, placement prices skyrocketed to 92-93 a couple of minutes before the start of trading. We have already decided with many traders in prop, what is placed too high and most likely it will be very dangerous to buy. I had to trade a small volume. Transactions took place at the terminal Takion and there were no problems with execution, in parallel looked at the e-signal charts and the Fusion terminal just in case.
I bought in the first seconds 500 Shares, it was dangerous to buy it almost until 100 dosidel. Then the stock began to fall as expected, but it was hard to tell where she would stop. Attempts to buy from mythical levels, without history, they took all the morning profit because. already bought on 2000-2500 Shares.
PNL walked around the neighborhood all day 2000-4000$, but constant sharp pullbacks took away paper profits. I wanted to sit out the movement much more, but he was not there. Therefore, it became pointless to take more shares., не хотела особо давать деньги. Expected to do 10 000-15 0000$, but it turned out about 3500$.
I don't like IPOs because. there is no history and it is difficult to navigate how the paper will go and how long it will take, prices changed very quickly. I made many mistakes because of this movement., which are rare in my usual trade, positionally much easier to trade.
Of course, to close the day in plus is good, but i'm not very happy. Much better trading could have been done.
Good luck to everyone and less fuss during trading..
