Being able to trade after hours ensures that you can keep up with your regularly scheduled work and duties but you’ll still be able to make some money on the market. Various platforms offer different hours when it comes to trading after hours and some don’t even let you at all.
Today, we’ll look at how to trade after hours on Webull.
So how to trade after hours on Webull? To trade after hours on Webull, you have to go into your settings and select the menu entry that is titled “Trading Hours”. This section has the option to choose Extended Hours instead of just regular hours.
There are a few more details and nuances when it comes to trading after hours on Webull, so we’re going to take a closer look at what you should know over the course of this article.
By the end of this guide, you’ll be able to decide whether Webull is the right platform for your after hours trades.
How to Trade After Hours Webull
Compared to other platforms where you can trade stocks, Webull offers some of the most flexible hours for trading.
While you’ll still need to wait for your cash to settle in your account, you’ll be able to make trades without having to physically be available when the market is open.
This makes Webull an excellent choice for traders who don’t have the freedom to trade whenever they please.
If you’re not a day trader, then you likely understand the value that’s inherent in being able to trade after hours, but the after hours trading option is a little hard to find if you don’t know where to look.
If you’re looking to get started with Webull, then check out this blog post. It will tell you everything that you need to know about the process of account approval.
Activating After Hours Trading
Unlike one would expect, you won’t find the option to trade after hours in your general settings. Instead, you’ll need to decide whether you want to trade after hours or during regular hours when you’re buying, selling, or shorting a stock.
This way, you’ll be able to strategically choose what you trade after hours and what you don’t.
Compared to other brokers, Webull starts at 4 AM, which is the earliest time that you can expect to trade pre-market, even compared to the competition.
When the market closes, the time that you can still trade extends from the market’s closing time to 8 PM EST.
This gives you a total of 16 hours of trading for each market day, making it a lot easier to find some time in your day to trade.
One thing that you’ll need to consider is that it will be a little more pricey to trade during the after hours because of the difference in bid-ask spreads compared to during the trading day.
To offset this, Webull actually doesn’t take any additional fees while you’re trading after hours. Compared to some of their competitors, this means that you can make after hours trading more affordable.
In some cases, fees make it unrealistic to even want to trade after hours, but it’s a good thing that’s not the case here.
One thing to keep in mind is that this won’t allow you to trade during the weekend on Webull. While you’ll still be able to access the app, you won’t be able to do anything on it until it’s a trading day again.
However, you can still trade crypto during the weekend because it isn’t subject to market days.
One of the options I recommend for new traders is paper trading, which means you’re not using real money. Did you know that Webull offers a paper trading feature? This is an awesome way to test out your strategies without risking any money.
Making Your Display Settings More Suitable for After Hours Trading
If you’re going to be trading after hours, you’ll want to change up the graphs on the Webull website so that you can see some more useful information. For example, you’ll likely want to include the extended-hours price action, which isn’t shown when you’re trading by default.
To show this metric, you’ll want to go to the graph settings by clicking the settings button on a chart’s corner. After that, you’ll be able to adjust the chart to your liking using the settings, including the ability to add the extended-hours price action.
Keep in mind that this metric will also let you know if you’re looking at prices for the morning or the evening. If you see “Pre” then you know that you’re looking at morning prices. If you see “After” next to the security price, then you can be sure that you’re looking at evening prices.
However, this is only the case for the desktop platform. The mobile Webull platform includes the extended-hours action by default. Whether you’re looking at the graph in vertical orientation or horizontal orientation, you’ll be able to see the extended-hours action and determine the pre and after prices.
Trading After Hours on Webull Mobile
The mobile platform is a bit easier when it comes to after hours trading, but you’ll still need to tick the after hours box when you’re making a trade. Failing to do so means that the trade will only go through when market hours open back up, potentially losing you money.
If you’re on the mobile apps watchlist, you’ll want to keep in mind that the same label is used to indicate both pre and after prices, which can get a little confusing. Also, remember that a security may not necessarily trade during these after market hours, so you may need to do some research.
Another thing to account for is that Webull reserves the right to terminate or suspend any securities traded in extended hours sessions without prior notice. While this is rare, it’s good to know that your buy or sell order can be suspended without any input on your part.
Ideally, being able to trade after hours should allow you to get a bit more money if you’re busy during the day but you still have a good eye for stocks. While you may end up paying a bit more for the trades that you make, it’s better to make less money than to be unable to make trades at all.
After you’ve made your trades, you can cash out through Bank of America and transfer the money to your Zelle or do anything else you want with it.