Traderji - please guide me - how to daytrade in scrip just listed.

zen_monk · #1 7th February 2006, 10:05 AM

Hi Traderji,

I have posted this question in 'equities' section, however did not receive any suggestion.

I have a question, please guide me.

Once IPO is listed, WHEN and HOW can I day trade in it? Please explain me giving some example.

If IPO closes today when will it be listed and when can I DAY TRADE it online.

Thanks
Zen

Traderji · #2 7th February 2006, 10:34 AM

I would personally not recommend you to day trade on the day the stock gets listed. I would suggest you to wait for a few days before daytrading that stock.

IPO's are normally listed after 2 weeks of the completion of the allotment process.

For day trading strategies please read the various forums here.

bvpraveen · #3 6th May 2006, 05:44 PM

Hello Traderji,

May I know what is the harm in daytrading right on the first day?
Actually the prices will fluctuate largely, which will be ideal for day traders.
Then how does it harm? (Eg. SunTV shares)

Thanks,
Praveen.

bvpraveen · #4 6th May 2006, 05:53 PM

Very sorry for the duplicate copies. I regret it.

Praveen.

srisara · #5 6th May 2006, 06:25 PM

pravin,

In a lighter vein, duplicate copies can be regretted, but not duplicate money

I dont know how much experienced you are in Day Trading, but looking at your post you look relatively new to DT.

coming to point, you can trade the same day of the Listing, provided it is not in TT segement (recently 1 IPO was put on TT segement on the day of listing).

If greed is the factor, then stay away from DT, Enjoy Swing Trading, Short-Term and Long Term Trading.

Markets provide various oppurtunities, doesnt mean that we need to try all of them. Pick the best (by best, i meant safe or safest) methods which suit your (our) style and act on it.

Satya

joy_mitali · #6 6th May 2006, 06:30 PM

Hello bvpraveen,
I think Traderji doesn't need to answer ur Qs.----He being a friend of friends has given the correct guidelines for a newcommer---Ya u do have a right to know whats the harm is on daytrading on a scrip which is listed on the 1st day---The scrip remains so volatile that it becomes a really losing trade(in most cases) unless u r a pro or have the virtues of luck---And those who r a pro---will never have put forward such a silly Qs.in the very first place---
Regards,
joy_mitali

bvpraveen · #7 7th May 2006, 10:27 AM

Thanks for your comments.

I'm not involved in day trading. As I've said manytimes I'm just a learner. I thought of posting my doubts which arise as I learn new concepts.

rangarajan · #8 7th May 2006, 12:27 PM

Dear Joy,
Are you not a little harsh in answering?Saying No as Yes is a virtue to be learnt & practised in life to be successful ,unless the opposite party is wantedly adamant.said easily than practised.
all the best,
ranga

joy_mitali · #9 7th May 2006, 02:18 PM

Hello bypraveen and ranga,
I m truely sorry---I reacted in that way---actually it appeared to me---as if Praveen was challenging Traderjis comments ---may be I misread his Qs.
Ranga,Thanks to u ---for reminding that it does take a lot of pain to be polite----in a gracious manner---
Regards,
joy_mitali

rangarajan · #10 7th May 2006, 10:11 PM

I wish every forum member takes the constructive criticism sportingly as you had done.
Best of lucks,
ranga

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