Comments on: After Hours (AHT)and Pre-Market Trading: Is It Right for Average Retail Investors? https://www.thebluecollarinvestor.com/after-hours-ahtand-pre-market-trading-is-it-right-for-average-retail-investors/ Learn how to invest by selling stock options. Thu, 03 Oct 2013 00:59:21 +0000 hourly 1 By: Barry B https://www.thebluecollarinvestor.com/after-hours-ahtand-pre-market-trading-is-it-right-for-average-retail-investors/#comment-16962 Thu, 03 Oct 2013 00:59:21 +0000 http://www.thebluecollarinvestor.com/?p=8502#comment-16962 Premium Members,

The Weekly ETF Top-Performers Report has been uploaded to the premium member site. Since Alan is out of the country this week and has very limited internet access, we are publishing the report without charts but the report contains all other pertinent information.

Best,

Barry and The Blue Collar Investor Team

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By: Fred https://www.thebluecollarinvestor.com/after-hours-ahtand-pre-market-trading-is-it-right-for-average-retail-investors/#comment-16955 Tue, 01 Oct 2013 08:08:52 +0000 http://www.thebluecollarinvestor.com/?p=8502#comment-16955 Thanks Barry for the good replies given above. I think a buy-write limit order sounds like a good option for me to try, because of my work hours sometimes meaning there isn’t a lot of time before to do study time for trades. If this type of order doesn’t get filled then I suppose I should just try again next day?(maybe with luck it goes through)
I also do realise I will need a few hours for the analysis part pre-trade, its just for me a question of how much time I think I should allow myself before the markets close.
Setting a downside target for an alert is one thing I had considered before, could this be our cost basis?, still a bit unsure here- maybe with practice I may know.
Thanks for that advise.

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By: Barry B https://www.thebluecollarinvestor.com/after-hours-ahtand-pre-market-trading-is-it-right-for-average-retail-investors/#comment-16953 Tue, 01 Oct 2013 01:56:27 +0000 http://www.thebluecollarinvestor.com/?p=8502#comment-16953 In reply to Fred.

Fred,

A few thoughts…
[1] You can’t trade options in the after market…so you need to trade covered calls during market hours.
[2] If your timing prevents you being in the market during normal market hours, you can enter a limit “Buy-Write” order through your broker. Here you set up your trade as you would normally. Your analysis will be based on the previous day close (if there are no gaps over night, you should get close to your entry). The trade is then entered as a net debit.
[3] After hours, trading, is the wild west…primarily for professionals. I would avoid after hours trading. I tried a few after hours trades and got burned.
[4] As for the time you need to invest in your trading…there is no “best” answer. You need to understand what you are doing and research the trades that you are interested in. This means you need to understand the stock, the chart, your personal risk profile, etc. All of this varies with each individual. As your experience grows, it may take less time…but you need to put the time in. I realize that I didn’t answer your question, but the time really varies with each individual trader. A few hours at the minimum…after all, you are trading your hard earned money.
[5] If your trade doesn’t perform as you expected, you can set up a conditional order. The types of conditional orders you can enter depends on your broker. The details are beyond the scope of this blog, but you would need to determine your downside target, set an alert, and buy back the call to remove the obligation as the first step. The rest of the conditional sequence depends on your broker.and the sophistication of the broker’s platform.

Best,

Barry

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By: Fred https://www.thebluecollarinvestor.com/after-hours-ahtand-pre-market-trading-is-it-right-for-average-retail-investors/#comment-16946 Mon, 30 Sep 2013 07:12:45 +0000 http://www.thebluecollarinvestor.com/?p=8502#comment-16946 Alan, this is a topic I was hoping you would have on, as there are 2 questions I have for putting on trades.
– First as I am from New Zealand, then how is it best for me to put on a trade, as market is closed during my day? (it just means that I would need to have my trades put on here before about 9am in morning(NZT).)
– For the above I’m sort of thinking about the amount of time required for analysis,etc beforehand, and how long this should typically take?
– Do you think I should really try to avoid the after hours times.(it just means that I would need to get up a bit earlier than usual)?
– Also because from the questions above, if I had put on a trade and the shares price starts dropping, then is there a way I could have automatic trades put on(for buyback and reselling of options), maybe from an alert system? (as I said I am in New Zealand, and your trading hours are mostly when I am asleep in bed – don’t especially won’t to be woken!)?

I guess it’s just a pity the markets aren’t open all 24hrs, because then it would make trading so much easier for all of us! Thanks

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By: Barry B https://www.thebluecollarinvestor.com/after-hours-ahtand-pre-market-trading-is-it-right-for-average-retail-investors/#comment-16921 Sat, 28 Sep 2013 17:59:35 +0000 http://www.thebluecollarinvestor.com/?p=8502#comment-16921 Premium Members,

The Weekly Report for 09-27-13 has been uploaded to the Premium Member website and is available for download.

Also, be sure to check out the latest BCI Training Videos and “Ask Alan” segments. You can view them at The Blue Collar YouTube Channel. For your convenience, the BCI YouTube Channel link is:

http://www.youtube.com/user/BlueCollarInvestor

Best,

Barry and The BCI Team

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