How to Buy Pre Market Thinkorswim

Are you looking to get a head start on trading stocks before the market opens? One way to do this is by participating in pre-market trading, which allows you to buy and sell shares before the regular trading session begins. If you are using the Thinkorswim platform, you may be wondering how to buy pre-market. In this article, we will walk you through the process of buying pre-market on Thinkorswim, as well as provide some tips and strategies for making the most of this trading opportunity.

Step 1: Open Your Thinkorswim Account

Before you can start trading pre-market on Thinkorswim, you will need to have an account with TD Ameritrade, the parent company of Thinkorswim. If you don't already have an account, you can easily open one online.

Step 2: Enable Pre-Market Trading

Once you have opened your Thinkorswim account, you will need to enable pre-market trading. To do this, log in to your Thinkorswim platform and go to the 'Client Services' tab. From there, you can select 'Personalize' and then 'Intraday Trading.' Make sure the box next to 'Enable pre-market trading' is checked.

Step 3: Place a Pre-Market Order

Now that you have enabled pre-market trading on Thinkorswim, you can place pre-market orders for the stocks you are interested in. To do this, go to the 'Trade' tab on the platform and enter the stock symbol you want to buy. Make sure to select 'EXT' (for extended hours) as the session, and then choose 'Buy' as the action.

Step 4: Monitor Your Orders

After you have placed your pre-market orders on Thinkorswim, it is important to monitor them closely. Pre-market trading can be more volatile than regular trading hours, so be prepared for potential price fluctuations. You can track the status of your orders in the 'Monitor' tab on the platform.

Tips for Pre-Market Trading

• Do your research before trading in the pre-market to have a clear strategy.
• Be cautious of low liquidity and wider spreads during pre-market hours.
• Use limit orders to specify the maximum price you are willing to pay.
• Stay informed about pre-market news and events that could impact stock prices.

By following these steps and tips, you can successfully buy stocks in the pre-market using the Thinkorswim platform. Remember to always trade responsibly and consider the risks involved in pre-market trading. With practice and experience, you can take advantage of this early trading session to potentially enhance your portfolio.