Cramer: Find Stocks...
Why does after-hours and pre-market trading exist? I absolutely hate it. It is
simply not fair that stop-limit orders do not work in after/pre market trading.
I lost a couple grand this morning because a stock got hit hard in pre-market
trading and my stop order was of course ignored. I know I'm ranting, but this
infuriates me. I live out west and can't get up at 4am every day to try to make
sure I don't lose a ton of money in pre market trading.
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That is why they do not use the real opening price for a stock at that day
because they don't want people to know that there is trading going on EVEN
BEFORE PREMARKET TRADING... they want you to think it occurred during extended
hours trading the night before... LOL nope... the rich are getting richer
because they are getting to trade even before premarket hours open at 7 am EST.
I get up at 4 am EST and watch them manipulate the price up. Like to day. TNA
up this morning... not during after market hours last night... but at 4 am they
bumped the price up 3 dollars already form 45 to 48! and FAS is up 1.59 this
morning. It closed at 14.05 at 8 pm EST but before premarket trading can start
at 7 am .. at 4am EST they have already manipulated the stock up 1.59. CAN WE
SAY...HUMMMMMMM
Well, sory to burst your bubble. But if you got up at 4 am to trade... you are
still too late. You lost your money before 4 am ... premarket trade at 7 am is
not where you lost it... GET UP AT 3 AM YOUR TIME and go to a trade platform and
you will see the market is already setup for you to lose between those hours.
Right now for example, at 4:07 am EST which is 1:07 am California time FAS
closed at 8 pm at 14.05 it is already up 1.59! before you or I can get to it.
All the ETF are manipulated and other important stocks. Now who has the
priveledge of trading even BEFORE PREMARKET HOURS? So you need to just close
out everyday. Because these traders that trade even premarket hours in the
morning ... they are the ones ... so just watch and you will see the stocks have
already made their daily profitable gains before the public can get to it. So
if you think extended hours trading sucks... I bet you really feel manipulated
and cheated after you see this trading activity is even before you can start
trading even at 4 am California time!
Before you go to bed make sure there is no killer news out there for you
ticker...if there is, set the clock. But there is a heck of a lot panic selling
in pre and post market...so sometimes you will do better sleeping in and looking
at all the damage after amature hour is over.
Stop-Limit orders are not honored in pre/after market trading. I always use
good-till-cancelled orders. they don't work in pre/after hours.
dude just place your GTC order with a stop limit in the morning at 9:25 before
market opens, this way it will never get wacked in pre market trading. and you
dont have to get up at 4
I live in CA. I set my alarm for 10 min before pre market opening. Isn't that
worth a couple grand to you. ed
that's actually kind of a funny rant
I agree with you fully
But to save yourself I would somehow get up at 4am
Sorry to hear you loss, that really sucks, I lost badly a few months ago and I
was sick in bed for 2 days and drank a bottle of Pepto...
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