After Hours Stop Loss

[traction]

Hi guys,
Can anyone advise if there is a broker out there that provides stop losses live 24/7?
ie they work even during after and pre hours trading?

 

[JoeF]

Don't think so, and probably because the risk for slippage is very real. Some symbols have massive spreads after hours.

 

[10_bagger]

Hi guys,
Can anyone advise if there is a broker out there that provides stop losses live 24/7?
ie they work even during after and pre hours trading?

I trade a lot in the extended hours and I’m almost certain there isn’t a broker that offer a stop loss in the after hour.

 

[tomorton]

An order of any kind, including a stop-loss order, is only triggered when price reaches the order price level. If prices for the instrument in question are not being generated, the order cannot be triggered. When the prices start being generated again, typically when that particular market re-opens, then the order becomes active and can be triggered.

If price re-opens beyond your order, i.e., it gaps, the order will normally be executed at the first available opportunity after the open, whatever that price might be.

 

[traction]

So the only way to execute would be to create an alert at price level and then place a manual order?

 

[tomorton]

While your particular instrument / market is closed, you can place an order or delete or amend an existing order, but it will not be triggered until the market re-opens and prices start to be re-quoted.

 

[fan27]

With IB, you can configure a stop for futures to be executed in extended hours trading. For equities, you have to use a stop/limit.

 

[MarkBrown]

here we go again ....

 

[zdreg]

For equities, you have to use a stop/limit.

Ignore above info.

 

[Bad_Badness]

here we go again ....

Not quite as bad. And we don't have "masters" chiming in, about order "guarantees".

To the OP, make sure you understand it *may* depend on the instrument, the exchange, broker, and the simulated versus native. They will differ. And for goodness sake, test it in SIM as a data point, and then try it live. Then know other things can happen especially after hours or thin markets.

Order execution is something people treat as an afterthought. For me it is front and center, and I suspect it is a critical part for professionals and their tactics.