How to Place Pre Market Order on Robinhood
Are you looking to get a head start on your stock trades by placing pre-market orders on Robinhood? With the rise of online trading platforms, it's easier than ever to make trades outside of regular market hours. In this guide, we'll walk you through the process of placing pre-market orders on Robinhood, so you can take advantage of early trading opportunities and potentially improve your investment outcomes.
What is a Pre-Market Order?
A pre-market order is a type of order that is placed outside of regular trading hours. This means you can place trades before the market opens or after it closes. While not all trading platforms offer this feature, Robinhood does allow users to place pre-market orders as early as 9:00 am EST.
Step-by-Step Guide to Placing a Pre-Market Order on Robinhood
- Open the Robinhood app on your device.
- Select the stock you want to trade.
- Choose 'Trade' from the menu options.
- Select 'Order Types' and choose 'Limit Order' or 'Market Order'.
- Enter the quantity of shares you want to buy or sell.
- Set the price at which you want to execute the trade.
- Review your order and submit it.
It's important to note that not all stocks are available for pre-market trading on Robinhood. Make sure to check the specific stock's trading hours before attempting to place a pre-market order.
Tips for Success
When placing pre-market orders on Robinhood, keep the following tips in mind:
- Do your research before placing a trade.
- Set a clear strategy and stick to it.
- Monitor your trades closely, especially during volatile pre-market hours.
- Use limit orders to control the price at which your trade executes.
By following these steps and tips, you can effectively place pre-market orders on Robinhood and potentially improve your trading outcomes. Remember to always trade responsibly and stay informed about market conditions and news that may affect your investments.
Ready to start placing pre-market orders on Robinhood? Open the app, follow our step-by-step guide, and take advantage of trading opportunities before the market opens!
