Ever thought about trading US and Australian stocks at the same time? Would you like to trade US stock at any time? Starting now, you're no longer bound by time differences. You can trade US stocks all day, balancing investment and rest without missing a beat! Update to Tiger Trade version 9.1.7 today! Tiger Brokers will bring you 24/5 US stock trading services and you'll be able to trade whenever you want during trading days.
What is US stock overnight trading?
US Eastern Daylight Time (EDT) | Australian Eastern Standard Time(AEST) | |
|---|---|---|
Overnight Trading | 20:00 - 04:00 | 10:00 - 18:00 |
Pre-market Trading | 04:00 - 09:30 | 18:00 - 23:30 |
Regular Trading | 09:30 - 16:00 | 23:30 - 06:00 |
Post-market Trading | 16:00 - 20:00 | 06:00 - 10:00 |
Previously, US stock trading was limited to 16 hours/day, including regular market hours plus pre-market and post-market trading. If you're unfamiliar with this, check out a previous article about 16-hour trading of US stock and what it means for investors Pre-market and after-market trading. Now, Tiger Trade has added a new feature to its platform called "US Overnight Trading" available from Sunday to Thursday, starting from 8 pm and goes on until 4 am US Eastern Time. This perfectly bridges the gap between pre-market, regular, and post-market trading, allowing for a "24-hour trading" window.
Why dive into overnight trading?
With 24-hour trading for US stocks, gone are the days of losing sleep to catch the market open. Now, you can trade US stocks "round-the-trading-clock" wherever you can get online with investors from around the globe. Tiger Brokers offers a huge selection with over 9000 different stocks and ETFs available for overnight trading, including all the hot favourites—convenience and access you won't easily find elsewhere!
Here’s the cool part: lots of companies release their earnings reports or important economic updates after market hours, and these can shake up stock prices. With round-the-clock trading, you can quickly adjust your moves based on the freshest market news. Take for instance, when Tesla released its earnings after hours on April 24th，2024 and its stock price jumped 15%in the overnight market session, you now have more flexibility to decide your next step at your pace, allowing you to better manage risks and take charge of your investment strategy.
Just a heads up though, trading outside the regular hours can get a bit wild with more price swings and generally less liquidity across the board.
How to use overnight trading in Tiger Trade
Step 1: Identify overnight trading stocks
Overnight trading entrance: Navigate to Market > Quotes > US Stocks > Overnight to access all supported stocks.
In the "Quote list" and "Watchlist", look for the "2️⃣4️⃣ " icon, indicating overnight trading support.
On the stock details page, locate the [2️⃣4️⃣ ] icon in the upper right corner.
Step 2: Monitor overnight market trends
During the overnight trading period, access data including minute-by-minute charts, buy and sell positions, depth trading, and transaction details.
Step 3: Execute overnight trading
On the order page, choose "Limit Order" as the order type, and select "Overnight only" as the trading session.
Step 4: Locating overnight trading orders
After placing an order, find overnight trading orders in the "Portfolio Page" under the "Orders" column, similar to day trading orders. Overnight trading orders will be identified with a distinctive "overnight" logo for easy identification.
Q&A
Overnight trading fees:
As part of our US stock trading service, trading in the Overnight Session comes with the same fees, i.e. no additional charges.
Supported order types in overnight trading:
Currently, only "limit orders" are supported. Market orders will be supported in the future, so please stay tuned for updates.
Overnight order time in force:
Currently, only "day" orders are supported, i.e. only good for a specific overnight trading session. Future plans include support for "GTC" orders. Stay tuned for updates.
Does overnight trading support fractional share trading?
Fractional share trading is not supported at this stage.
Do overnight orders count as day trading?
Overnight orders are considered intraday transactions, and overnight orders count towards the following day's trading session.
Why can't I place an order during the overnight session?
Please update the app to version 9.1.7 or higher, as the latest version is always the optimal choice. Make sure you have selected "limit order" as the order type and "day" as the time in force to place orders. If you have any further questions, please refer to the help centre for assistance.
Can I short-sell during the overnight session
No. It is not supported.
Disclaimer: T&Cs apply. Capital at risk. See FSG, risk disclosures, PDS, TMD, and T&Cs via our website before trading. Tiger Brokers (AU) Pty Limited. ABN 12 007 268 386 AFSL 300767.
