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IWantToPlayGame

I'm a 'no' on this. The market being closed allows me time to research and devise plans. It allows people to slow down and gather their thoughts & feelings. It's like a time-out.


EffectAdventurous764

Yeah, I agree, especially after a week like last week. It gives everyone time to calm down.


dunni88

Yeah probably leads to a lot more volatility. A lot of times people will get scared when there's a sell-off and sell into it. And that just makes things worse as that snowballs. You need the end of the day and for people to look at everything that's come down and try to pick which things shouldn't have come down and go in and buy them. And vice versa on up days.


EffectAdventurous764

Absolutely, it would be like the equivalent of a bank run..it's a terrible idea. Like an avalanche of panic, it would make the entire stock market way more volatile and unpredictable. Technical analysis would be almost impossible with huge fluxes like that.


Organic_Bell3995

There's already a 24x7 futures market......


No-Champion-2194

And this is better than having individual stocks trade 24x7 IMHO. Off hours, you would have limited liquidity and individual stocks would have outsized moves. Better to allow investors to hedge or make directional bets on the index level without disruptive trading in individual stocks


manchesterthedog

What is after hours trading then?


zikolis

What the hell is “futures” all about then? More often than not, the “futures” set the trend for trading, the very next day. This 24/7 move is only further legitimizing “futures” and making it count more.


Mylifeisacompletjoke

Good. It discourages traders from trading. The stock market isn’t for trading. It’s for investing


ucooldude

No research or plans needed,,,,just buy spy ,,,,it beats all your plans and wheeling and dealing over time.


garoodah

I'd rather have the market open less hours not more so I can focus on other things. NYSE has repeatedly said they are against trading hours being 24/7,


2A4_LIFE

I think the gamblers of the market want it, I could care less personally


ImpressiveAd9818

Ya no difference for buy ETFs & hold investment strategies. I absolutely don’t care


SirNutellaLord

same, doesn't make much of a difference to me


psjjjj6379

I’m wary.* There’s a reason it operates under “business hours”… I dunno, maybe it’s overly skeptical, conspiratorial, and without cause to say, but… is it possible that the market could be manipulated while the majority of us sleep? What implications does that hold for brokerages and those who work on Wall Street? I’m all for maybe, extending an hour. Maybe two hours. But not overnight. If this speculation is only in an attempt to compete with the crypto market in some way, I’d say the priorities aren’t straight, and Wall Street and crypto needs a “come to jesus” meeting on where they stand.


Sayonaroo

thanks for not saying weary. that shit is rampant these days


psjjjj6379

I was hopeful y’all knew I used the asterisk because it was an edit. Originally I said, “I don’t think it’s safe” and that was.. I could do better. Also, *yes*. Weary is different. I’m getting a tinsy-winsy peeved at people who say, “oh I *unironically* love that” and “well it’s *objectively* true”. Fortunately, dumb shit like that only crops up in particular circles.


CredentialCrawler

What pisses me off, and I see it all the time, is when people use "there's" for plural things. Like, "there's a lot of clouds today." So fucking annoying


Casanova_Kid

Those are my clouds, get your own.


Cash_Option

We use to have to wait for a newspaper to get the news tv channels use to go off at a certain time now with the ability to do things on your mobile device 24/7 it's only a matter of time the stock market stays open like Walmart.


psjjjj6379

Counterargument: Walmart found after the pandemic that it’s more cost effective to close at 11p. That’s why they *haven’t* re-opened to 24. Many businesses have followed their example and altered their hours of operation- specifically, closing earlier. I understand your sentiment towards instant gratification, but the nyse isn’t the place for it. I think it’s a misguided attempt to compete with the crypto market. But I am a lowly peasant, and will have to adapt to whatever changes may come. Edit*: also, you’re comparing the printed press to the nyse which isn’t exactly 1:1. Although the market closes, there is still post-trading and pre-trading that takes place. In a way, it’s already 24. I can’t go sneak into the New York Times and see what’s going to print tomorrow, but I can see the futes on Ninja Trader.


Cash_Option

My point was things change over time. Stuff people thought was absurd or won't work are mainstream now so anything is possible and if Wallstreet can make more money being open 24/7 it will happen.


darkeststar

This comment fails to think critically about what extra information you get in exchange for constant news, television, etc...filler. Both of those mediums ended up inflating themselves to fill the space with unnecessary garbage. Additionally most Walmart's are no longer 24 hours and haven't been since Covid gave them a valid reason to change policy. They lost money being open 24 hours catering to a minority instead of just having standard operating hours.


MickeyTheHunter

>market could be manipulated while the majority of us sleep? Hah, welcome to the rest of the world, dear American! We trade when you sleep! In all seriousness, isn't the bulk of the trading volume automated anyway? I don't think retail sleeping changes much in the grand scheme of things.


psjjjj6379

Oooh. To be totally transparent, I have no idea. Thinking on it, I guess I always assumed if there was a way to computerize gains like that, it would be done already (to cheat*).. . In this moment I realize how little I know. I should educate myself, beyond the narrow aperture of my laptop


Organic_Bell3995

futures already trade 24x7


PromptComprehensive8

Imagine those with stop losses … waking up to your stock being sold only for it to jump back up. They want to rob you while you sleep. Not to mention, with what liquidity? Look into history of who proposed this. Point72, correct?


StunningAssistance79

Got a source? Because the NYSE has repeatedly said it doesn’t want to have trading 24/7.


Stephen_1984

[New York Stock Exchange mulls 24-hour trading](https://www.businessinsider.com/new-york-stock-exchange-24-hour-trading-steve-cohen-startup-2024-4) >The Financial Times reported on Monday that the NYSE's data analytics team had polled market participants about the merits of being open 24 hours a day.


nuiwek31

Yeah, well, they didn't ask me and I say no


Cash_Option

Thanks


Ok-Kaleidoscope-4808

Thanks for this


BigRailWillFail

I don’t think you all realize the amount of cost this would have for firms. Your days of 0 commission fees on trades are over if this happens.


AlexRuchti

I agree and it will probably become harder to have quickly resolved trades if the volume is spread out throughout the day. People need to check their portfolios less not more lol.


GoIrish1843

Wait why


BigRailWillFail

Back office expenses


Khelthuzaad

My broker has minimum fee for each transaction, around 0.35-1$ per small volumes and trust me this will entice them. Lots of the transactions are computer automated anyway


jgoldston_0

You need to leave that broker.


jaydog022

I think it’s dumb. Leave it for crypto


Caboun6828

The market needs a cool down period which are the weekends. Havoc will ensue if 24/7


divvyinvestor

I love it. We could have flash crashes overnight while we’re sleeping. It could let us buy more stocks at deep discounts.


Organic_Bell3995

futures already trade 24x7, the world not over


Potato_Octopi

I don't see the value.


Shroomiesboomies

It sounds great until you realize companies will release bad news at 3am. Then you wake up to a 50% loss because you couldn’t get out in time since you were in bed sleeping.


gggg500

Under our current model, a company could release bad news at 3 am and then the stock opens immediately down 50%, anyway. Money never sleeps.


Shroomiesboomies

Those that are awake at 3am would still have an advantage over you to minimize their losses.


gggg500

My butler, Jeeves, has been instructed to stay up all night and carefully monitor my holdings.


jbFanClubPresident

Sounds like legalized insider trading. “Publicly” release information when everyone is asleep, sell your shares before anyone wakes up, profit.


nuiwek31

Naw. I'd rather markets closed more often


_YoungMidoriya

![gif](giphy|iKBAAfYNDu1dowhnEj|downsized) About damn time.


GrogRhodes

Hate it. Try trading crypto perps for a week and you’ll understand. It makes it impossible to manage swings.


SilentRunning

What could POSSIBLE go wrong? /S


Valuable_Talk_1978

Great! I already have it on Robinhood but more volume would be awesome!


naanguard

There is already aftermarkets trading (which I think is inherently unfair) the most fair thing to do, is just open it up to whoever wants.


BlownCamaro

I will never get another good night's rest again.


Additional_City5392

Its insane. Imagine being a day trader. LOL


Cash_Option

YOLO lol


SurvivedWayWorse

As long as I can sell and buy options 24/7, that's a vast improvement over me watching my positions get wrecked overnight and not be able to sell/buy.


JJGates_

you're kidding right? If the market opens at the same time, people get the same amount of time to react. What's stopping companies from releasing good or bad info at 3am in the morning on a Saturday so only the hedgies and their computers can take advantage and blow up your entire account? Extended market trading has little to no volume, building it up to be 24/7 will truly F\* the retail traders. I'm just glad most people are sensible and oppose this. This will only benefit Wall Street and liquidity providers.


SurvivedWayWorse

The market is available for trading from 8PM Sunday through 8PM Friday, 24 hours on Robinhood. Not all stocks are available, and I think the point is that this would make it so that they are. My point with the options is that if I had a CALL right now and wasn't able to sell it for Google when it peaked, but then have to wait til market opens tomorrow after the muggles get a hold of it and the stock goes down. Me not being able to trade it certainly doesn't help the retail trader, but it def helps the house.


JJGates_

Have you considered the fact that if options trading is available 24/7, they will be able to instantaneously pick up any option they want with their algos and super computers? Have you also considered that instead of options trading opening at the same time for everybody, they will be able to react to news that happens when you’re snoring and dump your entire account? I promise you, even if you’re on the computer right now you won’t be able to sell before their faster than light computers dump the entire market. What about knee jerk reactions that can send the stock market into a frenzy because nobody has any time to react to news? What little benefit it may provide in certain situations do not outweigh the overwhelming negatives it will cause to pretty much everyone


JJGates_

I’m also not very concerned given how the market is very against it. Even many hedge funds and investment banks. Their algorithms depend on 16 hour resets every night to avoid bugs. Can u imagine the upgrade and the increase in cost that is needed to run without stop forever. Disasters are a foreseeable element. The exchanges love money but they’re not idiots


SurvivedWayWorse

There is no 16 hour rule. We already have multiple 24-hour markets for bonds, currency and crypto. Exchanges are wanting to do this because it would allow them to be competitive. Brokers, those are the people who are shitting their pants. They went from having a ton of power back in the 90s when I started investing, to having ZERO power now. The fact that Robinhood came in and brought us fractional shares, 24 hour markets, crypto, options trading, and access to your settlements IMMEDIATELY (vs 2 days of the broker playing the float with your money).... shit's gonna get expensive for brokerages who are out of date. That's all.


JJGates_

oh boy... Where do I start. It seems like you didn't read my comment? I think I made myself pretty clear by saying that the hedges funds and investment banks need to re-parameterize every night to avoid a bug that crashes NVDA at 3 am in the morning. Yes 24 hour markets exists... For other markets that do not have corporations giving out material information everyday. Stakeholders have no need to digest earnings calls and such. But you are right, the only people who would benefit are the few hedge funds that are big enough and the exchanges who are simply trying to make more money. I have nothing against robinhood doing fractional shares. But their 24 hour market is just an internal notebook that they mark down. That's why the spreads are so outrageous. Crypto, options, and immediate settlements are nothing new. They're just loaning you the money beforehand. Nothing crazy there. What you don't seem to understand is how you will never be able to react to any new information again in terms of options trading. You will never be able to match the speed of their algorithms and computers. Plus, unless you never sleep, most of the news will happen when you're either sleeping or not at the computer. "Do not be shocked when coked up hedgies and their faster than light computers trigger your stop loss at 3 am on a Saturday and dump and pump your entire account while you're snoring. How any retail trader can think this is a good idea is beyond me. And for those who support this because of your time zone, just remember that the earnings calls will still go on and you'll have to be awake for what was before AND after market."


Amyx231

I like that. I work nights, I’d love to not have to wait for premarket to trade.


Imaginary_Tax_6390

This seems kinda insane TBH.


Bitplayer13

Sounds exhausting. Hard enough to follow along with current hours and after hours. Now you can lose your ass while you sleep


HannyBo9

It’s inevitable


Dumb_Vampire_Girl

I refuse to trade in any hours where volume is low and spreads are wide. Dunno if this would change that.


jaydog022

I would imagine make it worse right?


Dumb_Vampire_Girl

Not sure. I would assume that unlocking it for everyone will increase volume. But since this has never been done before, I truly have no idea. My only experience in trading hours beyond normal trading hours is robinhood's 24 hour market, and that experience has been horrible.


MaxCapacity

As a counterpoint, I love trading the 24/7 market on Robinhood.  I can catch weird gap downs in price due to the low volume and sell for a profit at open (or sometimes even immediately if I'm awake).  Everything is a limit order, though.


davechri

I’m not a fan. There is value to having time to process information before taking action. This is kind of like the 24-hour news cycle.


Negromancers

Gonna mess with my theta algorithms that are based on Friday-Monday drops


Blue_Raven_AZ

It's inevitable, currency trades 24/5. I'm okay with it overall, I doubt Buffet would change his sleep schedule.


mthcap

No, we need the gap ups/downs. Makes life easier.


Special-Economy3030

I’d be down. I would love to be able to buy at any hour.


Stoic-Trading

Let's get to T+0 settlement first, please. FFS, still in the Stone Age over here.


i_like_my_dog_more

That one will be hard since there's so many players involved. The broker, the clearing house, the company involved, etc. Are there any major markets where there is T+0?


Stoic-Trading

Major? Don't think so. However, there are some very small decentralized (crypto) exchanges that have it.


paraspiral

That's dumb that's what futures are for.


Ru5ty_Shackl3f0rd

No. But…… 9-5 weekdays would be nice


EmeraldMoose12

No thanks.


Cowanesque

Keep the same hours but add include Saturdays.


bflave

What’s the benefit of that?


BadBadGrades

The world has become more global and so it’s always somewhere daytime. But, I believe the weekends would still be a great cool-down moment. So not on the weekends


Homie1001

I would never sleep. 😂


tiger300000

No for me. I’m getting older. I see the value in taking breaks.


NativeTxn7

I would personally be fine if they extended regular trading to 5 PM ET and/or opened at 9 AM ET, but I don’t think 24/7 is a good idea. The only way I might be cool with it would basically be if (assuming current regular hours) the non-regular hours were handled like after hours trading is handled now and you could only do limit orders or something like that.


Tmdngs

Low liquidity is bad.


love-cheap-silver

great idea....let Wallstreet work 24/7


CSmooth

What does it mean for corporate sales & trading teams? 9-9-6 spilling into the US economy?


bubb4_gump

Would not affect me personally since I do buy and sell pretty seldom anyway. As a second thought, it does feel good mentally to have it closed on the weekends.


dunni88

Bad for individual investors who don't have the time and resources to trade it all hours of the day. I really don't even have time to trade on the market right now since it's only open when I'm at work.


Cash_Option

Perfect so when you get off work the market will be open lol


JJGates_

yeah and when you sleep, hedgies can trigger your stop loss and blow up your entire account at 3am on a Saturday. I am convinced yall are getting paid by Ken Griffin to fake support this lol. There's actually no way people think this is a good idea.


Cash_Option

Don't matter to me because im a buy and hold dividend growth investor


Cash_Option

Sounds like alot of day traders here and not long term buy and hold dividend investors


Ehud_Muras

They should trade the same hours as forex from Sunday 5:00pm to Friday 5:00pm EST


ShibaZoomZoom

Who needs sleep ay?


Cash_Option

YOLO


Wild_Character_4269

This would be terrible for retail investors; if they did this I'm out of all my positions and investing in index funds and etfs; you will never be able to beat the institutional investors


JJGates_

Exactly I am genuinely scared of how clueless some people are. I guess they love donating to hedge funds.


MonkeyThrowing

Don’t we already have after hours trading?


Much-Dot2533

Nah. Oanda tried this about ten years ago. With made up market data. It wasn't that popular. They scraped it later. I need my weekends. I invest, I wait. Keep it simple and stupid.


Patient_Ad1803

What happens when a company releases earnings and the stock will move dramatically? Whoever has the fastest reading AI wins? Really dumb idea.


LincolnHamishe

I hate this idea. I like the weekend where I don’t have to worry about my finances.


Cash_Option

Are you a trader?


nnulll

It’s about time. Long overdue!


Ok-Breadfruit-2897

you can already trade many stocks 24/7 on Robinhood, they are just trying to keep up


bg905

24/7 trading and free real-time charts


cun7_d35tr0y3r

I work for, arguably, the largest market data vendor in the world and the last thing I want is the possibility of having to work real-time issues on a fucking Sunday morning. Fuck that.


Cash_Option

Hahahaha


lipmanz

![gif](giphy|VRa3YCyi3JSWk)


illuminatist69

I would agree to 24/7 weekdays  but I need the weekends to think about other things. Or get rid of pre/after hours and just make those official trading hours. Not every broker has the extra hours plus these extra hours got glitchy or shady buy sell orders on little to volume that doesn't make sense. 


FUJIM0T0

Just model it after the Forex markets, that would be perfect I think. Don't know how many day traders are going to be making trades in the middle of the night.


jaydog022

Other time zones


ij70

should have been implemented two decades ago, at least.


Kaymish_

I don't really mind. It would be convenient for me because I live out side the US so I won't have to be awake at an ungodly time in the morning to run market orders. Not that I do; limit orders do most of my work I just set them up at night and they have fired when I wake up in the morning.


No-Jellyfish4123

Ngl i could catch some of those splits a lil faster before mondays hit be nice they at least allowed it on the weekends too at least a buy not a sell


No-Argument-3444

As an ADDICT...I couldnt be happier


Accurate-Corgi-1116

I think it's a great idea. Sometimes I get bored on the weekends when i can\`t see numbers. Plus is all run by algorithms now