We’re giving you more time to trade the stocks you love.
Traditionally, the markets are open from 9:30 AM EST - 4 PM EST during normal business days. With extended-hours trading, you’ll be able to trade during pre-market and after-hours sessions.
- Pre-Market opens 30 minutes earlier, starting at 9:00 AM EST
- After-Hours trading continues for 2 hours, until 6:00 PM EST
That’s an extra two and a half hours of market access, every single day.
Here's the breakdown:
- Pre-Market Hours: 9 AM to 9:30 AM EST
- Regular Market Hours: 9:30 AM to 4 PM EST
- After Hours: 4 PM to 6 PM EST
During the extended-hours session, the price displayed on a stock’s Detail page is the stock’s real-time price.
Reasons to Trade the Extended-Hours Session
The companies you own shares of may announce quarterly earnings after the market closes. Depending on the outcome, the stock’s price can move much more than it would during the regular-hours session. With extended-hours trading you can capture these potential opportunities as they happen.
Activity in Foreign Markets
Foreign markets—such as Asian or European markets—can influence prices on U.S. markets. Activity on these markets happens outside core US market hours, and extended-hours trading allows you to capture potential opportunities around these events.
Order Types During the Extended-Hours Session
If you place a market order during the regular trading session, it can remain pending through the remainder of market hours (until 4 PM ET).
If you place a market order during extended-hours (9:00 to 9:30 AM or 4:00 - 6:00 PM ET) your order will be valid during extended-hours. If you place a market order when the markets are closed, your order will queue until market open (9:30 AM ET).
We automatically convert market buy orders into limit orders with a 5% collar to help cushion against any significant upward price movements. We also convert market sell orders to limit orders with a 5% collar during extended-hours, to help cushion against the increased volatility of the extended-hours session.
Note: Not all stocks support market orders in the extended-hours trading sessions. Placing a market order while all trading sessions are closed will queue the order for the opening of the next regular-hours day session (not the pre-market session).
You can choose to make your limit order valid through all hours (regular and extended) or only during regular market hours. If the stock is available at your target limit price and lot size, the order will execute at that price or better.
Stop orders won’t execute during the extended-hours session. The stop limit and stop loss orders you place during extended-hours will queue for market open of the next trading day.
Trailing Stop Orders
Trailing stop orders won’t execute during the extended-hours session. The trailing stop orders you place during extended-hours will queue for market open of the next trading day.
A Good-for-Day (GFD) order placed during the pre-market, day, or extended-hours session will automatically expire at the end of the extended-hours session. Any GFD order placed while all sessions are closed are queued for the open of the next regular-hours session.
A Good-til-Canceled (GTC) order placed during the pre-market, day, or extended-hours session remains active through all sessions until it’s either executed in the market, or until you cancel it.
Keep In Mind
You should consider the following points before engaging in extended hours trading. "Extended hours trading" means trading outside of “regular trading hours.” “Regular trading hours” generally means the time between 9:30 a.m. and 4:00 p.m. Eastern Standard Time.
Risk of Lower Liquidity. Liquidity refers to the ability of market participants to buy and sell securities. Generally, the more orders that are available in a market, the greater the liquidity. Liquidity is important because with greater liquidity it is easier for investors to buy or sell securities, and as a result, investors are more likely to pay or receive a competitive price for securities purchased or sold. There may be lower liquidity in extended hours trading as compared to regular trading hours. As a result, Your order may only be partially executed, or not at all.
Risk of Higher Volatility. Volatility refers to the changes in price that securities undergo when trading. Generally, the higher the volatility of a security, the greater its price swings. There may be greater volatility in extended hours trading than in regular trading hours. As a result, Your order may only be partially executed, or not at all, or You may receive an inferior price when engaging in extended hours trading than You would during regular trading hours.
Risk of Changing Prices. The prices of securities traded in extended hours trading may not reflect the prices either at the end of regular trading hours, or upon the opening the next morning. As a result, You may receive an inferior price when engaging in extended hours trading than You would during regular trading hours.
Risk of Unlinked Markets. Depending on the extended hours trading system or the time of day, the prices displayed on a particular extended hours trading system may not reflect the prices in other concurrently operating extended hours trading systems dealing in the same securities. Accordingly, You may receive an inferior price in one extended hours trading system than You would in another extended hours trading system.
Risk of News Announcements. Normally, issuers make news announcements that may affect the price of their securities after regular trading hours. Similarly, important financial information is frequently announced outside of regular trading hours. In extended hours trading, these announcements may occur during trading, and if combined with lower liquidity and higher volatility, may cause an exaggerated and unsustainable effect on the price of a security.
Risk of Wider Spreads. The spread refers to the difference in price between for what price You can buy a security and at what price You can sell it. Lower liquidity and higher volatility in extended hours trading may result in wider than normal spreads for a particular security.
Extended Hours Trading Order Types and Expiration Settings. You may place only unconditional limit orders and typical Robinhood Financial Market Orders.
You can learn more by checking out our Extended-Hours Trading Disclosure.
Learn more about how the stock market works here.