Trading in before hours trading

[Don Bright]

Quote from vladiator:



Hi Don, why are you discouraging pre-open trades? I seem to make at least half of the money either in after-hours or pre-open trading.

The reason we discourage "Off hours" trading is simply that we make the assumption that we know "less" about what may be going on than those who choose to dive into specific 'newsies" ...and it's a much smaller "poker game." If you're doing well, then by all means continue playing....good luck!!

Don

 

[Lobster]

Quote from Don Bright:



The reason we discourage "Off hours" trading is simply that we make the assumption that we know "less" about what may be going on than those who choose to dive into specific 'newsies" ...and it's a much smaller "poker game." If you're doing well, then by all means continue playing....good luck!!

Don

Actually, trading before / after hours is not very different from placing an envelope around a stock at the open. If you are willing to buy on the open for 32.10 and sell at 32.80, why wouldn't you be willing to accept those respective prices before the open?