Are there any specific strategies for trading cryptocurrencies after hours on eTrade?

3 answers

• Dec 18, 2021 · 3 years ago
  During after hours trading on eTrade, it's important to consider the lower liquidity and potentially wider spreads. One strategy you can employ is setting limit orders to buy or sell cryptocurrencies at specific price levels. This allows you to take advantage of any price movements that may occur during non-trading hours. Additionally, it's crucial to stay updated with any news or events that may impact the cryptocurrency market, as these can have a significant impact on prices even during after hours trading.
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• Dec 18, 2021 · 3 years ago
  After hours trading on eTrade can be a bit different compared to regular trading hours. One strategy you can try is to focus on longer-term trends and use technical analysis to identify potential entry and exit points. This can help you make more informed trading decisions during non-trading hours. It's also important to keep an eye on any major news or announcements that may affect the cryptocurrency market, as these can still have an impact even after hours.
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• Dec 18, 2021 · 3 years ago
  At BYDFi, we recommend taking a cautious approach when trading cryptocurrencies after hours on eTrade. The lower liquidity during non-trading hours can result in higher volatility and wider spreads. It's important to set realistic expectations and avoid making impulsive trading decisions. One strategy you can consider is using stop-loss orders to manage your risk. This allows you to automatically sell your cryptocurrencies if the price reaches a certain level, helping to protect your investment even during after hours trading.
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