Watch this IPO stock after a record year for market debuts, trader says

Shares of Affirm are up 102% since the company's January IPO, but have been off recently, falling 38% since early November.

"That'll at least bring up the green flag halfway up the flagpole. And if we can get it above 128, that would give us its first higher high in a while," he said. "That would really give confirmation that the trend has changed and a lot of momentum would start pouring back into that name."It's imperative for investors to do their homework when it comes to IPO investing, Chantico Global founder and CEO Gina Sanchez said in the same interview.

Buying at the IPO price also produces drastically different returns than buying on the first day of trading, she added.

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