Look Giles, we've already established you're a crank. The online broker you claimed you use for after hours trading has a hard minimum 25,000 shares per trade. You should have researched your fake story a little better.
Look Giles, we've already established you're a crank. The online broker you claimed you use for after hours trading has a hard minimum 25,000 shares per trade. You should have researched your fake story a little better.
I thought Friday at 10 pm was already the Sabbath?
the idiot wrote:
Look Giles, we've already established you're a crank. The online broker you claimed you use for after hours trading has a hard minimum 25,000 shares per trade. You should have researched your fake story a little better.
The Schwab website says the following for after hours and pre-market trading: "25,000 shares is the maximum quantity on a single order."
Do you truly not understand the difference between maximum and minimum?
Do you really think a discount broker requires a minimum trade of several million $$?
I appreciate your honesty in your choice to call yourself the idiot. You don't have to continually live up to it with every post.
Giles Corey wrote:
Do you think you can wait until 9:00 AM monday morn and see how Euro markets and futures have done and then out in an order to take advantage of what happened over the week-end?
No. If you buy something Friday night at 10:00 PM it will show up in your account Monday morning but on a price determined on the market as of Friday at 10:00 PM. Buy the same thing Sunday morning and you get it at a different price based on the market at that time.
Do you guys really not know this?
You say the price on Sunday would depend on the market at that time. So wouldn’t the same be true on Monday morning?
wondering wrote:
[quote]Giles Corey wrote:
You say the price on Sunday would depend on the market at that time. So wouldn’t the same be true on Monday morning?
Of course. But the two prices are different. You do follow that, no?
Giles Corey wrote:I appreciate your honesty in your choice to call yourself the idiot. You don't have to continually live up to it with every post.
Ah, I see I WAS an idiot. Phew! I picked the right screen name!
My apologies. I learned something new today AND got a reminder to be humble. :-)
Giles Corey wrote:
wondering wrote:
[quote]Giles Corey wrote:
You say the price on Sunday would depend on the market at that time. So wouldn’t the same be true on Monday morning?
Of course. But the two prices are different. You do follow that, no?
Well that’s my point. You said I couldn’t wait until 9 AM Monday to buy and take advantage of how the market had reacted to Europe, etc., but now you are saying I could. You seem to be contradicting yourself.
I'm not sure, but I think Schwab requires extended hours trades to be limit orders. I've never done it.
wondering wrote:
Giles Corey wrote:
Of course. But the two prices are different. You do follow that, no?
Well that’s my point. You said I couldn’t wait until 9 AM Monday to buy and take advantage of how the market had reacted to Europe, etc., but now you are saying I could. You seem to be contradicting yourself.
If you buy on Friday night and prices rise over the week-end you open Monday with a gain.
If you wait until Monday just before open you gain nothing because you are buying at the higher price.
Thus you cannot game the market by waiting to buy just before opening on Monday.
This ain't advanced calculus. How can you have such a hard time following this?
fisky wrote:
I'm not sure, but I think Schwab requires extended hours trades to be limit orders. I've never done it.
I also think, but I'm not sure, Schwab gives a bid/ask range for extended hours trading. I was thinking of doing it for Starbucks last night. Cramer is doing an interview with Starbucks CEO this week to talk about the opportunity in China now that Luckin Coffee has been found to be a fraud.
The after-hours and pre-market trading rules are posted here:
https://www.schwab.com/public/schwab/nn/qq/about_extended_hours_trading.html
That's all for now. I'm giving myself a time out for being a knob... :-)
The markets where closed this past Friday, Good Friday.
Plus the Passover Seder!
Giles Corey wrote:
wondering wrote:
Well that’s my point. You said I couldn’t wait until 9 AM Monday to buy and take advantage of how the market had reacted to Europe, etc., but now you are saying I could. You seem to be contradicting yourself.
If you buy on Friday night and prices rise over the week-end you open Monday with a gain.
If you wait until Monday just before open you gain nothing because you are buying at the higher price.
Thus you cannot game the market by waiting to buy just before opening on Monday.
This ain't advanced calculus. How can you have such a hard time following this?
Sure, but if the price falls over the weekend, then waiting to buy at 9 AM Monday would be taking advantage of what happened over the weekend (which you said could not be done).
Stop making sense!
As far as I know, Ameritrade is the only brokerage offering 24 hour trading, and I don't see where Schwab offers that service.
Additionally, Ameritrade offers it only on select products like about a dozen of the major ETFs and SPDRs, but at the time i used it, they were talking about adding a few big name stocks .
Again, I don't see that Schwab offers anything beyond the usual Pre-Market and After Market trading, which just extends the usual trading day by about 3 hours each way.
I used to be signed up for the 24 hour trading at Ameritrade but I didn't like that their platform to do it - Think or Swim is what I think it was called- was not fully compatible with their usual trading platform, and it got confusing switching between accounts, so i dropped it. It was really a headache and I have no desire to jump back into that.
wondering wrote:
Sure, but if the price falls over the weekend, then waiting to buy at 9 AM Monday would be taking advantage of what happened over the weekend (which you said could not be done).
Sure, if you knew on Friday that the price would fall over the week-end.
You could do very well if you knew what the market would do in advance.
'
Most people cannot do that.
All eight indexes on our world watch list posted losses through April 13, 2020. The top performer is China's Shanghai with a loss of 8.76%. Hong Kong's Hang Seng is in second with a loss of 13.8% and in third is our own S&P 500 with a loss of 14.52%. Coming in last is India's BSE SENSEX with a loss of 25.61%.
Uncle B wrote:
wondering wrote:
Sure, but if the price falls over the weekend, then waiting to buy at 9 AM Monday would be taking advantage of what happened over the weekend (which you said could not be done).
Sure, if you knew on Friday that the price would fall over the week-end.
You could do very well if you knew what the market would do in advance.
'
Most people cannot do that.
It has nothing to do with what you know, or don’t know, about what the market will do. Giles flat out said that you cannot wait until 9 AM Monday morning to buy. Then he said you could. I don’t think he really knows what he is talking about.
Giles Corey wrote:
wondering wrote:
Well that’s my point. You said I couldn’t wait until 9 AM Monday to buy and take advantage of how the market had reacted to Europe, etc., but now you are saying I could. You seem to be contradicting yourself.
If you buy on Friday night and prices rise over the week-end you open Monday with a gain.
If you wait until Monday just before open you gain nothing because you are buying at the higher price.
Thus you cannot game the market by waiting to buy just before opening on Monday.
This ain't advanced calculus. How can you have such a hard time following this?
I didn’t have a clue, so thanks for the lesson.
I’m just an on-and-off lurker of this thread, and know nothing about trading (obvious I know). I have a 401k and that’s it.
The thread is unfortunately hijacked frequently, making it not as enjoyable. The latest is jesseriley spewing his hateful politics. Can’t one go anywhere to get away from that for a moment?