At 7 a.m., it can be the time for a morning coffee while 8 p.m. can be time to have supper, watch your favorite television shows, or even enjoy a glass of wine.
If you have a Robinhood account, it’s also becoming a time to play the stock market during extended trading hours — but is that time well spent?
The brokerage platform geared to novice retail investors said Tuesday that it’s launching extended trading hours from 7 a.m. to 8 p.m., Eastern Time.
Robinhood users are “juggling a lot, from full-time jobs to school, families and side gigs,” the company said in a Tuesday blog post. “Our new extended trading hours for equities will give them more opportunities to manage their portfolio at a convenient time for them, whether that’s in the early morning or in the evening.”
“‘The volume of trading in the after-hours market is a fraction of what it is during the general market hours. This can lead to significant price distortions.’”
— Mike Hunsberger, owner of Next Mission Financial Planning in St. Charles, Mo.
already offered trading at 9 a.m., before the 9:30 a.m. opening bell, as well as after-hours trading from 4 p.m. to 6 p.m.
The capacity to buy and sell from 7 a.m. to 8 p.m. is happening now and all users should be able to do it in the coming weeks, a spokesman said.
Other brokerage platforms already enable extended hours stock market trading, such as Fidelity Investments and Charles Schwab
And the cryptocurrency market never sleeps — including on platforms like Robinhood.
Investing and trading is never easy at any time of the day. But because Robinhood has decided…