Yes of course there is. I didn't say it burns money total, but thats the reason why there is nearly no trading in phase 1. Either put up a open order and hope somebody trades with you, OR don't trade in phase 1 at all. If everybody follow that rule, there will be no trading in pase1. I know you don't want a closed IPO because you most likely make a lot of money on the IPO phases, because you have the money to do a lot of open orders.
I don't have a problem with anybody doing that, they just follow the rules of the game. I just say the rules are the reason why I don't trade in Phase 1, because they are not designed to encourage me personal to.
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Yes of course there is. I didn't say it burns money total, but thats the reason why there is nearly no trading in phase 1. Either put up a open order and hope somebody trades with you, OR don't trade in phase 1 at all. If everybody follow that rule, there will be no trading in pase1. I know you don't want a closed IPO because you most likely make a lot of money on the IPO phases, because you have the money to do a lot of open orders.
I don't have a problem with anybody doing that, they just follow the rules of the game. I just say the rules are the reason why I don't trade in Phase 1, because they are not designed to encourage me personal to.