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TastyWorks Extended Hours Trading (Pre Market and After Hours)


2021 TastyWorks extended hours (EH, AH) trading fees, broker surcharge, and time period. How to enter TastyWorks pre market and after market buy/sell orders/trades.



Extended-Hours Trading at TastyWorks


If you work during the week from 9 to 5, you miss out on the stock market session. So if you’re wanting to buy and sell stocks, options, or ETF’s, your only choice is limit orders or market or limit on open orders. Trading in real time on a platform is pretty much out of the question...unless you open a brokerage account with a company that offers more than these standard hours.

TastyWorks is one such broker. Its customers can buy and sell securities before the market opens and after it closes. Even better, the brokerage house does not charge anything extra for this convenient service.


Extended Hours at TastyWorks


TastyWorks’ pre-market period opens at 7:00 am, EST, and closes when the opening bell rings for the regular session. The broker’s after-hours period lasts two hours and begins when the market closes. TastyWorks does not offer any extra trading beyond these sessions. Overnight trading is not available, for example.


Open TastyWorks Account


Open Tastyworks Account



Placing Extended-Hours Trades on TastyWorks’ Platforms


While TastyWorks offers both mobile and browser platforms, extended-hours trades can only be placed on its desktop platform. For the time-in-force option, be sure to select “EXT.” A market order cannot be placed for any order tagged as EXT.


tastyworks After Hours Trading


Comparison


Other brokerage firms offer trading outside of regular sessions, and their services can different significantly from what TastyWorks offers. E*Trade, for example, charges an extra half penny per share for orders placed in either its pre-market period or its after-hours session.

Vanguard clients can buy and sell during the broker’s after-hours period, but it does not provide a pre-market session.


Disadvantages of Regular Market Hours


Besides schedule conflicts, there are several other reasons why you would want to trade in a pre-market or after-hours session. For example, companies in the U.S. release their earnings statements before the market opens or after it closes. It there is anything investors weren’t expecting, the stock price could drop or go up substantially. If you wait until the next business day to place a trade, it may be too late to take advantage of the unexpected price movement.

Governments, too, can release important economic data outside of regular market hours; and these releases can influence stock prices very quickly. Having the ability to trade outside of regular market hours can mean profits that other traders don’t have the ability to achieve.


Disadvantages of Trading Outside of Normal Sessions


Although we’ve pointed out the advantages of trading during extended-hours periods, there are also disadvantages. For example, there usually is lower liquidity, which means it may be difficult to find a buyer if you’re selling or a seller if you’re trying to buy. Bid-ask spreads also tend to be wider during these times, which increases the cost of trading. If the ask price is higher, and you’re trying to buy, you’re going to pay a higher price compared to the regular session.


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Open TastyWorks Account


Open Tastyworks Account