There are many success stories of “investors” who trade the IPOs.
They are not investors in strict sense. Just traders. In fact not even traders, but scalpers of cash and carry.
They just apply for IPO share allotment and when they get, which happens often, they offload immediately on opening day. In profit; which often ranges from 5 to 50% (sometimes even more), rarely in loss.
I know many such investor scalpers who do nothing else in market except this and have made good money. They are willing to bid for even PP Waterballs (remember Jaspal Bhatti?)
They don’t mess around in trading if they are not comfortable, especially when they keep getting good net returns in IPOs. They have multiple demat accounts in the name of their family members.
Good strategy.
Last minute BTST is also like quick instant gain opportunity at listing of IPO.
No waiting, binary good chance. And you don’t need to risk anything during day time and thus avoiding operator manipulation
And this opportunity comes daily. Just judge the overall short term trend and take trade in the last minute. It is likely to work like IPO majority times.
Just that the direction judgement has to be well judged.
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