New "24-Hour Trading" Order Type in U.S. Stock Trading: Seize 24/5 Trading Opportunities

TigerPM
10-25

To provide a better and more convenient 24/5 trading experience, we have launched the "24-Hour Trading" order type for U.S. stock trading. This new feature allows you to place orders without distinguishing between pre-market, regular trading hours, after-hours, or overnight trading sessions, further expanding your options for trading U.S. stocks.

APP version support: Please upgrade the APP version to 9.2.5 or above to experience 24-Hour Trading.

1. What is the "24-Hour Trading" Order Type?

U.S. Stock trading typically consists of four time periods:

  • Pre-market session: 4:00 AM to 9:30 AM ET

  • Regular session: 9:30 AM to 4:00 PM ET

  • After-hours session: 4:00 PM to 8:00 PM ET

  • Overnight trading session: 8:00 PM to 4:00 AM ET

  • New 24-Hour trading: 8:00 PM ET to 8:00 PM ET( the following day)

The "24-Hour Trading" order type allows investors to place orders during any of these periods, including pre-market, regular trading hours, after-hours, and overnight trading sessions. Your order will be executed at any time period that meets your specified price. This means that no matter which trading session is active, you can quickly make buy or sell decisions, increasing trading flexibility.

2. Key Advantages of 24-Hour Trading Orders

  • 24/5 Trading: Respond to Market Fluctuations Anytime. Global markets are affected by economic data, corporate earnings, geopolitical events, and more at different times. With the "24-Hour Trading" order type, you can seize market fluctuations during pre-market or after-hours trading, making quick decisions and avoiding missing out on investment opportunities due to time zone differences.

  • Increased Liquidity and Trading Efficiency. The pre-market and after-hours sessions in U.S. stocks often experience significant price fluctuations, where key price adjustments can occur. The "24-Hour Trading" order allows investors to place orders during these periods, increasing the chances of capturing trading opportunities and offering greater liquidity options.

  • Convenience for Cross-Time Zone Investors. For investors in the Asia-Pacific region, U.S. regular trading hours can require late-night trading. With the "24-Hour Trading" order type, investors can now trade during local day hours in the pre-market or after-hours sessions, making it easier to manage their U.S. stock portfolios without disrupting their daily routines.

3. Which Assets Support 24-Hour Trading Orders?

Currently, all stocks and ETFs that support Overnight trading—over 9,500 in total—are eligible for 24-Hour Trading orders.

Click here to view the Overnight Trading stock list.

4. How to Place an 24-Hour Trading Order

To place an "24-Hour Trading" order, select a stock or ETF that supports Overnight trading. Go to the order page during any trading period, choose a limit order as the order type, and select "24-Hour Trading" for the trading time. You can then place your order.

5. Who Should Use 24-Hour Trading Orders?

The "24-Hour Trading" order type is ideal for investors who are sensitive to market fluctuations and seek more flexibility in U.S. stock trading, particularly:

  • Day TradersFor day traders who frequently engage in short-term operations, the "24-Hour Trading" order type helps them capture market movements at any time, increasing trading opportunities.

  • Investors Following International News and EventsIf you closely monitor global market news and major events and want to act immediately, trading during the pre-market or after-hours sessions is an excellent option.

  • Cross-Time Zone InvestorsFor investors living in time zones significantly different from the U.S. market, the "24-Hour Trading" order type allows them to trade at more convenient times, greatly improving trading convenience.

6. Important Notes for "24-Hour Trading" Orders

  • Fractional shares are not supported.

  • Short selling is not supported.

  • Cash amount orders are not supported.

  • Advanced orders are currently not supported.

  • Order types: Only Limit Orders (LMT) are supported; Market Orders (MKT) are not supported.

  • Order validity: Supports switching between 'DAY' (Good for the day) and 'GTC' (Good till canceled). 'Good for the day' means if an order is placed before 8:00 PM ET, and not fully executed, it will expire at 8:00 PM ET on the same day. If the order is placed after 8:00 PM ET, it will expire at 8:00 PM ET the following day.

  • Take-profit and stop-loss orders: 24-Hour orders now support attached orders. Take-profit orders can be triggered and executed during full trading hours; stop-limit orders can be triggered during regular trading hours and executed during 24-Hour trading; stop-market orders are only supported for triggering and execution during regular trading hours.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • Merdeka1981
    10-26
    Merdeka1981
    Can options be traded 24/5 too?
  • NiceOne
    10-26
    NiceOne
    Good but even better if you offer "GTC 24-Hour".
    • TigerPM
      Supports switching between 'DAY' and 'GTC'.
  • Rith
    11-01
    Rith
    How to upgrade to 9.2.5 version
    • TigerPM
      Please go to the APP store to check for updates.
  • Mikinyaa
    10-25
    Mikinyaa
    very nice [财迷] [财迷] [财迷]
  • Taurus Pink
    10-25
    Taurus Pink
    [龇牙] [龇牙] [龇牙] [龇牙]
  • embraceit
    10-25
    embraceit
    Great move to appeal to various groups of investors.
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