Hi - I'm a complete newbie here and noticed that IBKR and most other brokers only allow limit orders and not market orders during extended hours. Are there brokers which allow this (especially for algo trading scenario) or is there a regulatory kind of restrictions for this situation ?
Extended hours trade orders
- Thread starter bagholderforever
- Start date
In which instrument?
It is quite common to see brokers (AND Exchanges ) imposing various restrictions.
restrictions could be things like
- market order not allowed
- cannot adjust STOP order (can only CANCEL stop order)
- cannot enter STOP order !!!!!! <<<< hahahahahahahahaha !!!!!!
...
try different brokers (and exchanges) and you will see them imposing different restrictions.
at times, you will end up laughing ( see above) or sobbing.
I have multiple accounts to take care of such restrictions.
restrictions could be things like
- market order not allowed
- cannot adjust STOP order (can only CANCEL stop order)
- cannot enter STOP order !!!!!! <<<< hahahahahahahahaha !!!!!!
...
try different brokers (and exchanges) and you will see them imposing different restrictions.
at times, you will end up laughing ( see above) or sobbing.
I have multiple accounts to take care of such restrictions.
Last edited:
Sorry - should have mentioned this - regular traded stocks.
Volume is so little and volatility so extreme that Limit orders are only allowed because the fill price could be at an extreme if purchased using a Market order. This is why brokers only allow Limit in extended hours.
Saxophone
I didn't realize the OP was trading saxophone. I'll leave your salad advice to you. Hope you can help this newb!
Might want to get some helpful tips from @KCalhoun he plays the saxophone.
I am sure that will help this lad in some way.
I got a surprise for you. A 10 minute loop of the saxophone part from Baker Street, and it's in 1080p.
This song is odd. It makes me think of Pop-Tarts for some reason.
I always think of The Simpsons when Bloody Gums Murphy died and Lisa played this in tribute to him. Funny enough, Simpson's writers say he was the most disliked character ever which is why they killed him off.