Is it possible for anyone to make money from Hong Kong stock IPOs?

I advise you not to FOMO.
First, ask yourself these 12 questions 👇
1️⃣ How many accounts can you open?
One account might not get a few allocations in a year.
If you want stability, at least 20+ accounts.
Do you have the discipline to do that?
2️⃣ How much "idle money" do you have?
The larger the funds, the higher the chance of winning.
But the premise is that it doesn't affect your life.
Can you afford to lock it in?
3️⃣ Sunk costs upfront
Opening a card now costs about 2,500-3,000.
Before making any profit, spend tens of thousands.
If the market changes, you could suffer huge losses.
Can you handle that?
4️⃣ IPO strategy
How to pick stocks? Should you use leverage?
High margin + few stocks = pure commission-free trading.
Can you filter effectively?
5️⃣ Selling discipline
When to sell after making a profit?
What if the stock falls below the IPO price? Where's your stop-loss?
Without a strategy, you'll just be waiting for a trap.
6️⃣ Managing multiple accounts
Device, IP, account, and fund allocation.
Data analysis, profit splitting.
This isn't a side hustle; it's a project.
7️⃣ Time cost
Monitoring IPO applications, dark pool trading, market sentiment.
Do you have that much energy?
8️⃣ Rule changes
Margin requirements, allotments, dark pool liquidity can change at any time.
The way to make money today
Might be invalid tomorrow.
9️⃣ Black swan risks
New stocks don't only go up.
When sentiment weakens,
breaks below IPO price can go deep into the red.
🔟 Opportunity cost
Money locked in IPOs,
how many other opportunities have you missed?
1️⃣1️⃣ Risk control and compliance
Multiple accounts = multiple risks.
If problems arise, it's not just losing some profit, but a direct crisis.
1️⃣2️⃣ Mindset
Getting a few wins makes you overconfident.
Failing to get allocations makes you double down.
In the end, it's not investing, but gambling.
Conclusion 👇
Hong Kong IPOs are not "free money."
It's a comprehensive game of thresholds, capital, execution, and risk management.