Stops after hours?
- Thread starter Cuddles
- Start date
L
lovethetrade
As others have mentioned, buying call/put options is an effective way to hedge yourself outside normal trading hours.
It won't do what you want it to do...there was never enough liquidity to have gotten the price you would take after you hit your trigger. God help you if you actually present the order to market (i.e. not hidden) and expose yourself to all measure of market making fuckery.
Do you guys place stop-limit orders to work after hours or pre-market?
Yes - only on the most liquid futures or forex - no stocks, and only during the European session - I am in the U.S.. Makes sense since the futures & Forex market move around the clock. Sometimes I prefer to get an alert and do the trade manually.
Keep in mind these are selective setups I may have been stalking for weeks that are well thought out trades with good risk mgmt.
Yes - only on the most liquid futures or forex - no stocks, and only during the European session - I am in the U.S.. Makes sense since the futures & Forex market move around the clock. Sometimes I prefer to get an alert and do the trade manually.
Keep in mind these are selective setups I may have been stalking for weeks that are well thought out trades with good risk mgmt.
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Some charting services name those ''irregular hours''
Another way to do it spend/invest a lot of time finding a good trend, pre- market research, + post market research. So to answer the question-not much. By the way, i consider reading elitetrader part of research.....................................................................................
What do you mean by "it shouldn't have worked"?
I suppose that even though I selected outside regular hours, a stop order becoming a market order can only happen during market hours so by same logic a stop>market>limit should only happen during market hours?