You seem to be a total newbie in stocks and markets issues.
Take a look for example to this page and try to guess what
the field "After Hours: 192.07 N/A (N/A) 4:18am ET" there might mean...:
http://finance.yahoo.com/q?s=AAPL
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Reasons for Why you need multiple accounts, multiple IPs, and multiple brokers
- Thread starter traderum
- Start date
Take a look for example to this page and try to guess what
the field "After Hours: 192.07 N/A (N/A) 4:18am ET" there might mean...:
http://finance.yahoo.com/q?s=AAPL
http://en.wikipedia.org/wiki/Extended_hours_trading
8 to 8 is a rule of thumb, with very little volume and wide spreads outside 9.30am to 4pm. Nothing on weekends, so it's far from 24h.
8 to 8 is a rule of thumb, with very little volume and wide spreads outside 9.30am to 4pm. Nothing on weekends, so it's far from 24h.
Quote from 4XQs:
http://en.wikipedia.org/wiki/Extended_hours_trading
8 to 8 is a rule of thumb, with very little volume and wide spreads outside 9.30am to 4pm. Nothing on weekends, so it's far from 24h.
Thanks for the link, IMHO very informative.
But it also writes this:
"Extended hours trading on a day with a session that is not interfered with is from 4 a.m. - 9:30 and 3:59 - 8 p.m. EST."
Ie. in total it is very well 23 to 24h trading.
(actually it is 23.5 hours; 30 minutes are needed to reboot the machines etc.).
Quote from traderum:
Thanks for the link, IMHO very informative.
But it also writes this:
"Extended hours trading on a day with a session that is not interfered with is from 4 a.m. - 9:30 and 3:59 - 8 p.m. EST."
Ie. in total it is very well 23 to 24h trading.
(actually it is 23.5 hours; 30 minutes are needed to reboot the machines etc.).
Since when does 4 a.m. to 8 p.m. equal to 23-24 hours!?
By the way, options don't trade in extended hours.
Quote from MTE:
Since when does 4 a.m. to 8 p.m. equal to 23-24 hours!?
Hmm. yes the calculation gives a total of only 16 hours/day,
but my experience via the broker IB is 23.5 hours/day.
There is only a half hour window where the system disconnects the client
and doesn't allow login for 30 minutes (23:50 - 00:20 ET).
As stated in the wiki article, Extended hours trading mostly happens
on the ECNs, these electronic markets are independent of the regular NYSE/NASDAQ/AMEX/CME markets.
Hmm. I can't confirm this. They trade together with the stocks. HavingQuote from MTE:
By the way, options don't trade in extended hours.
a stock trading, but its options not trading would be IMHO an impossible situation with far reaching consequences...
Quote from traderum:
Hmm. yes the calculation gives a total of only 16 hours/day,
but my experience via the broker IB is 23.5 hours/day.
There is only a half hour window where the system disconnects the client
and doesn't allow login for 30 minutes (23:50 - 00:20 ET).
As stated in the wiki article, Extended hours trading mostly happens
on the ECNs, these electronic markets independent of the regular NYSE/NASDAQ/AMEX/CME markets.
Hmm. I can't confirm this. They trade together with the stocks. Having
a stock trading, but its option not trading is IMHO an impossible situation
with far reaching consequences...
When you can log into your broker's platform has nothing to do with when the markets trade. IB offers international markets and FX so obviously you need to be able to log in at any time, 24h a day. US markets, on the other hand, do NOT trade 23 or 24h a day, well futures do, but not the stocks. And, I repeat, options do not trade in extended hours, they only trade from 9:30 a.m. to 4 p.m. EST (index and etf options trade till 4:15).
So it seems that you are the only one who is confused about when the US markets are open.
By the way, CME, as in Chicago Mercantile Exchange, is a futures exchange and has nothing to do with stock trading.
Quote from traderum:
Well, FYI: I live in Europe, 6 hours difference to US ET timezone...
So, yes I can be wrong on the given times, sorrry.
It doesn't matter where you live (on a side note, I also live in Europe). Just shift all the hours I have listed by 6 hours forward and you get your local times.
Quote from traderum:
Well, FYI: I live in Europe, 6 hours difference to US ET timezone...
So, yes I can be wrong on the given times, sorrry.
And here's another thought. In your other thread you say that you have been paper trading. So how the heck can you possibly make any of the statements at the start of this thread about the market makers ripping you off if you haven't even placed a single real trade!?
The demo system I'm using is IMO real, it just uses some offsets in the prices (on user-side).