Blog Posts Tagged with Ipos

How SwingTradeBot Helped Me Have a Great Trading Week

I had a couple of really nice trades this week that I want to discuss.  I half-jokingly tweeted about the first one, chalking it up to dumb luck.  While there was certainly some luck involved, I'm reminded of that old saying about luck:

Finding and Tracking IPOs to Trade

I've been involved in the market for just over 20 years now and some of my best trades have always been in stocks which IPO'd not long before I bought them. That's because those companies (at least the good ones!) are usually very innovative, are (should be) growing quickly, have small floats and once they break to new highs there's no 'natural' overhead supply of sellers. So one of the things I wanted SwingTradeBot to help me with was tracking IPOs. I generally like to jump into IPOs in two different ways:

• as they break out to a new high
• as they pull back and reverse after a big pop on their IPO day

Investors Business Daily (IBD) / CANSLIM is also a big fan of IPOs. Here's a small sampling of what they've written about IPOs: From IPOs Can Be Risky But Profitable