At Cobra, your trading activity is not limited by the market hours. Every account has the potential to trade at any time, so you can get online as early or as late as you like.
The only thing you need to be aware of is what routes are showing up at Level 2. If you want to learn more about the significance of choosing Level 2, check out a detailed blog post about pre-market trading.
Because Cobra Trading is a direct market access broker, you can choose the route you’re going to buy from and which one you’ll sell to. All you need to do is select the route that matches the one you see on your montage. Make sure to pay attention and select the right one since there are many options, and they can look somewhat similar when you’re busy in the middle of the trade.
Having access to the market at all times is a huge advantage. Most traders won’t have access to the routes that early or late, but you will. But just because you can trade pre-market and after hours, doesn’t mean that you should. It is not a great idea to force trades, no matter when you’re trading. Each trade should match your unique criteria. Overtrading pre-market or after hours is just as bad as overtrading when the market is open; it can lead to terrible results regardless of your chosen timeframe.
To protect your account and learn more about day trading, follow our educational YouTube channel where we post new videos weekly.