Trading stocks premarket on the WeBull trading platform can be a great way to get ahead of the market and take advantage of early trading opportunities. Here is a comprehensive guide on how to enable premarket trading on WeBull and make the most of early trading hours.
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What is Premarket Trading?
Premarket trading refers to the period of time before the regular stock market opens, typically from 4:00am to 9:30am Eastern Time. During premarket hours, investors can place orders to buy and sell stocks but there tends to be lower volume and liquidity. Key things to know:
- Premarket trading allows investors to react quickly to news events that occur outside regular trading hours
- Stocks may experience higher volatility premarket due to lower volume
- Only limit orders are allowed, not market orders
How to Enable Premarket Trading on WeBull
Enabling premarket stock trading on the WeBull platform only takes a few quick steps:
- Open the WeBull app on your desktop, mobile or web browser
- Navigate to the stock chart page for the security you want to trade
- Click on the “Settings” icon in the top right corner
- Check the box for “Include Extended Hours” under Trading Hours
- Make sure Extended Hours is enabled under Order Settings
Once enabled, you can start placing premarket stock orders on WeBull. Just keep in mind that only limit orders are allowed during extended trading hours.
Placing Premarket Limit Orders on WeBull
Placing premarket limit orders on WeBull works the same as during regular trading hours. Follow these steps:
- Search for the stock ticker or select the stock from your watchlist
- Navigate to the trade ticket on the bottom left (mobile) or right (desktop)
- Choose “Limit” order type
- Enter limit price
- Enter share quantity
- Set duration to “Day”
- Select “Include Extended Hours” under Time-in-Force
- Review order details and submit order
Be sure to enter a limit price instead of using a market order, which won’t work premarket. Check that you enable extended hours trading for the order.
Tips for Trading Stocks Premarket on WeBull
When trading stocks before the opening bell on WeBull, keep these tips in mind:
- Stick to high volume stocks – low liquidity can exaggerate price movements with lower volume
- Use limit orders only to control your entry price
- Consider using stop orders or stop limit orders to control downside risk
- Be prepared for volatility – premarket prices can swing rapidly from news or earnings reports
- Use smaller position sizes due to lower liquidity and higher volatility
Carefully researching stocks, managing risk, and using appropriate order types can lead to success when trading early on WeBull.
The Benefits of Premarket Trading
Trading stocks before the market opens has some unique advantages:
- React quickly to news – premarket trading allows you to respond fast to events from the prior day
- Potentially get better prices – you may be able to buy or short stocks at advantageous prices before the market opens
- Get a head start on your trading plan – premarket trading gives active traders a 12 hour head start on executing their strategy
- Avoid opening gaps in price – stocks can gap up or down at the open, which you may avoid with an early premarket trade entry
In summary, premarket trading on WeBull gives investors more flexibility and additional trading opportunities. By enabling extended hours trading on WeBull and using appropriate order types, traders can take advantage of early market activity. As with all trading, proper research and risk management applies.
