How to Place Pre Market Order TD Ameritrade
Are you interested in placing pre-market orders on TD Ameritrade but not sure how to go about it? This comprehensive guide will walk you through the steps to successfully place pre-market orders on the TD Ameritrade platform.
What is a Pre-Market Order?
Before we dive into the specifics of placing a pre-market order on TD Ameritrade, let's first understand what a pre-market order is. A pre-market order is a type of order that investors can place before the regular market trading session begins. This allows traders to react to overnight news and events that may impact stock prices before the market opens.
Benefits of Pre-Market Trading
There are several benefits to engaging in pre-market trading, including:
- Opportunity to react to overnight news and events
- Potentially better prices due to lower liquidity
- Ability to place orders before the market opens
Now that you understand the basics of pre-market trading, let's move on to how you can place a pre-market order on TD Ameritrade.
Steps to Place a Pre-Market Order on TD Ameritrade
Step 1: Log in to Your TD Ameritrade Account
The first step is to log in to your TD Ameritrade account using your username and password.
Step 2: Select the Stock You Want to Trade
Once you are logged in, navigate to the trading platform and search for the stock you want to trade.
Step 3: Choose 'Pre-Market' as the Trade Type
When placing an order, select 'pre-market' as the trade type instead of 'regular hours.'
Step 4: Enter Order Details
Enter the quantity, price, and any other relevant order details.
Step 5: Review and Submit Your Order
Before submitting your order, review all the details to ensure accuracy.
Congratulations! You have successfully placed a pre-market order on TD Ameritrade. Keep in mind that pre-market trading hours are limited, so be sure to check the specific pre-market trading hours on the TD Ameritrade platform.
In conclusion, placing a pre-market order on TD Ameritrade is a straightforward process that can provide you with a competitive edge in the market. Take advantage of pre-market trading opportunities to react quickly to market-moving news and potentially secure better prices for your trades.
