Understanding 24/5 Trading on thinkorswim

What is the trading schedule for 24/5 trading on the thinkorswim platform?

• 8 p.m. ET Sunday to 8 p.m. ET Friday

• 24/7, all week long

• 8 a.m. ET Monday to 8 p.m. ET Friday

• 9:30 a.m. ET Monday to 4 p.m. ET Friday

How does T+1 settlement affect trades executed after 8 p.m. on Sunday?

• They settle on Tuesday

• They settle on Wednesday

• They settle on Monday

• They settle immediately

What is a potential challenge of trading during extended hours?

• Higher liquidity

• More trading options

• Lower volatility

• Wider bid/ask spreads

Which types of securities are NOT typically available for trading during extended hours?

• Mutual funds

• Nasdaq-100 companies

• S&P 500 companies

• ETFs

What type of order must be used when placing trades after hours on thinkorswim?

• Limit order

• Stop order

• Trailing stop order

• Market order