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Questrade – How to Trade in Pre-Market and After-Hours

12. May 2009• TradingPhantasmix Tags:  8 comments
Buying/Selling Stocks

All types of Questrade software (Webtrader, QuestraderWEB, QuestraderPRO, QuestraderELITE) allow buying and selling in pre-market and after-hours.

Pre-market trading starts at 8am EST
After-hours cut-off time is 5:30pm EST

To place a PM or AH order, you must use:
- a limit order (no market orders)
- GTEM (good-till-extended-markets) type
- ARCA as your ECN

questrader_orderbox
QuestraderELITE
orderbox_webtrader
Webtrader		 orderbox_questraderweb
QuestraderWEB
Buying/Selling Options

Some index options, such as SPY, trade until 4:15pm EST. Questrade doesn’t officially support trading options in AH, but you can try setting the order before 4pm as GTEM type, and leave the ECN on AUTO. It may or may not work. No guarantees.

Options other than index, don’t trade after 4pm.

Shorting Stocks

Depending on your software package, you may or may not be able to short outside normal market hours.

Webtrader and QuestraderWEB (with and without streaming data) DO NOT allow you to short in PM and AH.

QuestraderPRO and QuestraderELITE DO allow shorting stocks in PM and AH. Just use the same settings as for buying/selling stocks, that is GTEM/ARCA.

Sign up with Questrade using this link and get $50 commission rebate.

 


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8 comments:

  1. Foreshadow, 12. June 2009, 17:35

    Doesn’t work:

    Date of Order: 06/12/2009
    Time of Order: 18:32:18 EDT
    Status of order: Rejected

    Action: Sell
    Quantity: 100
    Symbol: BDSI
    Price: $7.49
    Time in Force: GTEM
    Notes: Trading has been halted either prior to market open or after close.

     
  2. Phantasmix, 12. June 2009, 19:55

    Here’s your problem:

    “Time of Order: 18:32:18 EDT”

    Cut-off time is 5:30pm EST. Forgot to mention it.

    Thanks.

     
  3. Phantasmix, 12. June 2009, 19:56

    Oh, actually I did mention it:

    “Pre-market trading starts at 8am EST
    After-hours cut-off time is 5:30pm EST”

     
  4. Akiva, 17. January 2011, 17:04

    What about STOP LIMIT

     
  5. Phantasmix, 17. January 2011, 17:31

    Stop limit orders are queued and sent the next day, when the exchange opens.

    As an aside, if you’re afraid that your stock is going to gap down, that’s not going to help, you know that, right?

     
  6. Akiva, 18. January 2011, 8:41

    Date of Order: 01/18/2011
    Time of Order: 08:41:18 EDT
    Status of order: Rejected
    Order Id: 119247615

    Action: Buy
    Quantity: 200
    Symbol: CPOW
    Price: $0.23
    Time in Force: GTEM
    Notes: The ECN specified is not supported.

     
  7. Phantasmix, 18. January 2011, 9:39

    Doesn’t work for penny stocks, they don’t trade afterhours.

     
  8. How to trade (Trackback), 13. December 2011, 8:12
     

    How to trade…

    [...]Phantasmix Stock Market Blog » Blog Archive » Questrade – How to Trade in Pre-Market and After-Hours[...]…

     

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