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Michael,
It depends, look back at what happened to DELL, a lot of online brokers
won't let you trade after 4:00 pm. News came out after the market closed
and the floor opened up and DELL fell like a rock. A lot of people were
very scared, couldn't sleep etc. If you had an account opened with a
professional firm you would have been able to cut your losses faster and
re-enter the at 8:00 EST when the stock was tradeing, you would have been
in while everyone else was still waiting for 9:30 EST.
Since you trade options, after-hour quote don't really apply. But are
useful, depending what side of the trade your on.
TradeWell,
Joe Frabosilio
Michael Mangiafico wrote:
> Rt'rs,
>
> I saw a piece on after hours trading on CNBC. I have serious question
> to ask the group,
> and all responses would be welcome. When trading stocks in the short
> term, I generally will use options to hedge overnight/afterhours
> exposure.
>
> My question is, how valuable/necessary is afterhours online trading,
> especially since most earnings reports come out after market close.???
>
> All responses welcome
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