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How to trade after hours on E*TRADE?

Posted on 6/16/20 at 3:05 pm
Posted by tigersaint07
Baton Rouge
Member since Jun 2011
234 posts
Posted on 6/16/20 at 3:05 pm
Does anyone with an E*TRADE account trade after hours? I have tried to place orders after hours and it tells me my account doesn’t have authorization to place an after hour trade.

I’ve tried calling E*TRADE but I can’t ever get a representative on the phone. Thanks for any help.
Posted by jangalang
Member since Dec 2014
36667 posts
Posted on 6/16/20 at 3:11 pm to
On Ameritrade you use ext pm or ext am instead of day.

Not sure about etrade. Use limit orders
Posted by tigersaint07
Baton Rouge
Member since Jun 2011
234 posts
Posted on 6/16/20 at 3:23 pm to
Even with a Limit order it won’t allow me to do it.
Posted by rstamp1
Baton Rouge
Member since Jan 2009
1121 posts
Posted on 6/16/20 at 3:36 pm to
Download the sinkorswim app. It is linked to your trade account and let’s you trade m-fri all 24 hours. With that said I haven’t figured out the settings to be able to do it.

Google says this.

Open an account and select that you plan to actively trade during the sign up process. Log into thinkorswim or the thinkorswim Mobile App and select EXTO when placing an after-hours trade.
Posted by go ta hell ole miss
Member since Jan 2007
13657 posts
Posted on 6/16/20 at 3:37 pm to
quote:

Not sure about etrade. Use limit orders


Limit orders don’t apply to extended hours trading unless specified.
Posted by jangalang
Member since Dec 2014
36667 posts
Posted on 6/16/20 at 3:37 pm to
LINK

Using limit orders is just a general rule after hours. You can use Market but at the risk of your order getting filled nowhere near your price.
Posted by Brettesaurus Rex
Baton Rouge
Member since Dec 2009
38259 posts
Posted on 6/16/20 at 3:45 pm to
I would highly recommend using only limit orders in PM/AH. You could get wrecked pretty easy if not.
Posted by ldts
Member since Aug 2015
2677 posts
Posted on 6/16/20 at 4:58 pm to
quote:

Even with a Limit order it won’t allow me to do it.


You have to select it as extended hours under the duration tab. The first time you do an after hours there's some thing you have to click to acknowledge you've read it.

quote:

Using limit orders is just a general rule after hours. You can use Market but at the risk of your order getting filled nowhere near your price.


Etrade won't let you put in a market order during extended hours.
This post was edited on 6/16/20 at 4:59 pm
Posted by WarCamEagle
Member since Jun 2011
2189 posts
Posted on 6/16/20 at 5:40 pm to
You have to be on main website to agree to terms and conditions of extended hours.

Place a limit order and under duration choose extended hours.

If its your first ext hrs trade, an agreement you must acknowledge will appear. Agree and then you can place on app , online, pro, or power etrade.

You must always select limit and extended hours when setting it up.

No options trading in ext hrs. No market orders

I work for ETRADE
This post was edited on 6/16/20 at 5:41 pm
Posted by LSU in Frisco TX
In the Green
Member since Oct 2006
752 posts
Posted on 6/16/20 at 6:43 pm to
This is from 2018:

E*TRADE FINANCIAL Corporation (NASDAQ: ETFC) today announced that E*TRADE customers can now trade certain widely held ETFs 24 hours a day, five days a week:

Trade from Sunday 8 p.m. to Friday 8 p.m. ET, excluding market holidays
Trade SPY, QQQ, EEM, DIA, GLD, USO, FXI, TLT, SLV, UNG, IWM, and SH
Trade on etrade.com from 7 a.m. to 4 a.m. ET, and by phone at 800-387-2331 from 4 a.m. to 7 a.m. ET (broker-assisted fee waived), excluding market holidays
View and/or cancel orders from any platform or device
Visit the E*TRADE Exchange-Traded Funds page to learn more
Posted by tenderfoot tigah
Red Stick
Member since Sep 2004
10418 posts
Posted on 6/16/20 at 8:27 pm to
If there is a way I can trade individual stocks at night, I would love to know, but I cannot find a way. Just the ETFs.
Posted by cgrand
HAMMOND
Member since Oct 2009
38896 posts
Posted on 6/16/20 at 8:48 pm to
y’all need to be extremely careful trading after hours/premarket. Volumes are usually very low and a single big trade can torpedo a stock price or set in motion a steep move against your position.

generally only pros and institutional investors regularly trade AH. It is fraught with danger for the retail guy with very little actual benefit
Posted by tenderfoot tigah
Red Stick
Member since Sep 2004
10418 posts
Posted on 6/16/20 at 9:08 pm to
quote:

y’all need to be extremely careful trading after hours/premarket. Volumes are usually very low and a single big trade can torpedo a stock price or set in motion a steep move against your position.

generally only pros and institutional investors regularly trade AH. It is fraught with danger for the retail guy with very little actual benefit


Or you can catch a moron selling for way too cheap and make bank.
Posted by im4LSU
Hattiesburg, MS
Member since Aug 2004
32076 posts
Posted on 6/17/20 at 7:32 am to
quote:

I work for ETRADE


Noted.

Posted by tigersaint07
Baton Rouge
Member since Jun 2011
234 posts
Posted on 6/17/20 at 3:10 pm to
Awesome reply. Thanks man!
Posted by Brettesaurus Rex
Baton Rouge
Member since Dec 2009
38259 posts
Posted on 6/17/20 at 6:11 pm to
quote:

y’all need to be extremely careful trading after hours/premarket. Volumes are usually very low and a single big trade can torpedo a stock price or set in motion a steep move against your position.

generally only pros and institutional investors regularly trade AH. It is fraught with danger for the retail guy with very little actual benefit


This is all very fair advice. I will say though, as a pretty novice investor myself, having the ability to trade in PM/AH is almost a necessity if you’re going to trade anything relatively volatile. A looot of action is eeearly morning (Webull allows trading as early as 4AM) or late AH runs. If you take anything overnight it can be pretty painful to watch your position crash with no ability to do anything about it during those times.
I’ve done pretty well sticking to limit orders because you remove the risk of a market buy, which again, would highly recommend against doing in those times. Not saying make your living there, but, learning about it and how to correctly utilize it is very important.
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