Robinhood is without a doubt the most popular stock trading app for mobile devices. Users may purchase and sell stocks in the US markets at any time of day, as long as it is within normal or extended market hours.
Users who want to trade stocks after hours on Robinhood must first learn how to activate the feature. The ability to purchase and sell after hours is disabled by default, so you’ll need to tweak a few settings.
How to trade stocks after hours in Robinhood
To trade stocks on Robinhood after hours, you must have a Robinhood Gold account. If you have a Robinhood Gold account, you may trade stocks after hours by doing the following:
- Visit any individual stock’s detail page between 4:00 PM and 6:30 PM Eastern Time
- Tap on the green Trade button on the bottom right
- Select Buy or Sell, depending on what you are trying to do
- Review and submit the order by swiping up
Regular trading hours are between 9:30 AM and 4 PM Eastern Time. The after-hours session runs from 4:00 PM to 6:30 PM Eastern Time, whereas the premarket session runs from 9:00 AM to 9:30 AM Eastern Time.
How to get Robinhood Gold for after-hours trading
To activate Robinhood Gold, tap the three bars on the upper right of the app. Then, go to Settings and touch the gold symbol in the upper right corner. You can also activate Robinhood Gold by navigating to your account settings from inside the app.
The Robinhood Gold tier is free for the first thirty days, then $5 per month for the next thirty days.
Robinhood Gold, in addition to enabling you to trade stocks after hours, provides a few additional premium features, such as professional research and Level II data, quick cash transfers, margin access, and more.
Which broker is best for day trading?
This can get complicated, but the most important thing to consider when picking a broker that you’ll use to trade stocks is whether they offer robust charting tools, as these are one of the most crucial tools you’ll use when making trades.
Choosing a broker that offers robust charting tools is crucial, as this will be one of the most crucial functions of the broker.
What is the point of trading stocks after hours in Robinhood
For a variety of reasons, you may choose to trade stocks outside of typical trading hours. The major reason is that there have been announcements and earnings reports.
Typically, companies have earnings reports and investor meetings after hours, at which time they may release important information. This may urge you to purchase or sell shares in a certain firm.
Please bear in mind that stocks are less “liquid” after hours, which means that acquiring or selling shares at a particular price may be more difficult.
There may also be a much wider “gap” between the purchase and sell price, which means you may be paying a premium for shares that you would typically acquire during the regular session.
However, news might sometimes give traders a chance to trade stocks outside of typical trading hours.