Aug. 7 2020, Updated 7:37 a.m. ET
The Robinhood platform allows you to spend money on thousands of shares and lots of ETFs. The ordinary buying and selling hours at Robinhood are from 9:30 a.m. ET to 4:00 p.m. ET. Investors at Robinhood have get entry to to the everyday trading session and extended-hours. Extended trading hours are outdoor of ordinary buying and selling hours.
Robinhood’s prolonged buying and selling hours are from 9:00 a.m. ET until the choices market opens and from the marketplace close until 6:00 p.m. ET. Extended-hours trading is characterized by means of decrease liquidity volumes and higher volatility. Also, the unfold between the bid and ask can be wider in prolonged-hours trading.
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What can customers do with Robinhood's extended hours?
With extended-hours buying and selling, Robinhood clients can change during the choices pre-market and after-hours buying and selling consultation. Robinhood's pre-market consultation begins 30 minutes earlier than the regular market opens. The after-hours buying and selling session lasts for two hours after the ordinary market near. These trading periods blended produce an extra and a 1/2 hours of buying and selling.
According to Robinhood, “During the choices prolonged-hours consultation, the choices price displayed on a stock’s Detail page is the choices stock’s actual-time rate. Orders made out of doors market hours and prolonged hours buying and selling are queued and fulfilled both at or near the beginning of extended hours trading or at or near marketplace open.”
You can trade in an prolonged-hours consultation to gain from an earnings statement or activity in foreign markets. Extended buying and selling additionally facilitates if the corporations you maintain shares of usually announce quarterly profits before or after the choices market opens or closes. The stock rate can move drastically primarily based on the choices fine or terrible profits statement.
European and Asian markets can also affect the choices stock costs on the U.S. markets. Activity in foreign markets typically takes place outdoor of regular U.S. marketplace hours. With extended-hours buying and selling, you can take benefit of the choices big stock fee movements.
In evaluation, E-Trade's pre-market session starts at 7:00 a.m. ET. The after-hours buying and selling consultation lasts for four hours after the ordinary marketplace close.
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How to enter prolonged-hours orders on Robinhood
Robinhood handiest accepts restrict orders inside the pre-market and after-hours trading sessions. The order might be achieved if the choices inventory is available at your lot size and goal restriction rate. Robinhood will automatically convert a market order to a restrict order and add a 5 percentage collar to it to guard in opposition to any enormous price movements.
If you publish a market order after the choices evening session closes, it is going to be despatched to the choices regular buying and selling consultation the following morning at 9:30 a.m. ET. Robinhood will not execute forestall orders and trailing stop orders at some stage in the prolonged-hours buying and selling consultation. The trailing forestall, prevent restrict, and stop loss orders located for the duration of the choices prolonged hours can be queued for the hole of the following regular buying and selling consultation.
Robinhood is secure for investors considering that it’s miles regulated through the choices SEC. Also, the investment firm is a member of the choices Securities Investor Protection Corporation (SIPC) and the Financial Industry Regulatory Authority (FINRA).
The Robinhood platform allows you to shop for penny shares or fractional stocks of companies listed on the NYSE and Nasdaq. Robinhood trades are immediately.
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