Robinhood extends trading hours from 7 a.m. to 8 p.m. — 3 warnings about playing the market after hours
At 7 a.m., it can be the time for a morning coffee while 8 p.m. can be time to have supper, watch your favorite television shows, or even enjoy a glass of wine.
The brokerage platform geared to freshman retail investors said Tuesday that it’s launching extended trading hours from 7 a.m. to 8 p.m., Eastern Time. The capacity to buy and sell from 7 a.m. to 8 p.m. is happening now and all users should be able to do it in the coming weeks, a spokesman said. 1. Use order limits Before and after official stock-market trading hours, there may be fewer buyers and sellers in the market. If price is the outcome of supply and demand, that may warp a share price during this point in time.
“‘Individual investors are likely to pay too high prices and sell too low during after-hours trading.’” If the market price stays above the limit price for a buy, or lower than the limit for a sell, Robinhood said “the order will remain pending and cancel at the end of the after-hours session.” “Extended trading can open up chances for retail investors to take advantage of big price moves, but that comes with a risk.”
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