STEVEN F
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If you buy through TRUE after hours trading, you actually buy at the time of the trade at the price at that time. If you place an order after hours with a traditional brokerage, they will buy the next day, but not necessarily at the opening price. The opening price is actually just the price of the first trade of the day. |
gibetheridge
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The next days regular hours opening price will be the same as the next days pre market last trade price, or, if it doesn't trade pre market, the same as the previous day's last after hours trade, or, if it doesn't trade after hours, the same as the previous days regular hours last trade (close).
Extended hours trading is what creates the GAP, or LAP in day to day opening prices. It changes in extended hours trading just as it does during regular hours trading, but with greatly reduced liquidity, which translates as with a much wider spread. ALWAYS use a limit order in extended hours trading, that spread can be staggering, as in BID $1.00, ASK $1000.00. No joke, I,ve seen trades executed in extended hours at that kind of spread. Poor buggers. Imagine yourself buying one share of a $20.00 stock at $1000.00!
You can trade during extended hours through Questrade in Canada, Charles Schwab in the US.
Be very careful. |
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