Someone in the Challenge chat room didn't know how to trade pre-market, so I figured I'd write this post.

I use E*Trade so my knowledge only extends this far.

 

1. Call your broker and ask them to direct you to where you need to SIGN PRE-MARKET TRADING AGREEMENTS on their website. You must acknowledge additional risks during p/m hours such as increased volatility, less liquidity, etc. 

2. Trade with limit orders only. There are no market orders during p/m. 

3. Make sure your "Duration" setting on your trade screen is set to something like "EXT - DAY PLUS EXTENDED HOURS." If you're set at "DAY," your order will not be executed.

 

That's all! 

Happy Trading,

remster