fidelity trading platform reddit

I've used quite a few platforms including ToS but not Fidelity. Ibkr is fantastic for cost effective access to global markets, but I feel dirty when using their UI's, it's way overcomplicated and seems biased to the idea of honoring legacy users. Activate trader sucks horrible long dong poopy. That is 8 premium class index funds with expense ratios of roughly 0.01- 0.08 LOL! Everyone on here bashing IB is essentially saying "I can't be bothered to spend 10 minutes to learn the interface so I'm going to spend more money on every single trade I make.". By using our Services or clicking I agree, you agree to our use of cookies. And I like having a local storefront for paperwork. However, you would have to trade the same amount of shares on all stocks unless you change the value in the shortcuts when switching stocks. I actually prefer Fidelity web over Active trader, as the richness doesn't make me a more effective investor, it just distracts my attention with noise. Is there a place that breaks down to you how to use the platform as per its specific features? Someone I work with says you can’t trade more than 200 contracts per order. I only had 15$ cash in a non-Margin account. By using our Services or clicking I agree, you agree to our use of cookies. It's not a real price you entered a market order in an illiquid market and fidelity did exactly what you asked as soon as it opened it went to market and bought your option. For example, if a stock closed at $5 yesterday, has gapped up to $6 in premarket, if I want to enter an order to buy the stock at $6.05, and simultaneously enter a sell order at $6.50 and a stop loss order at $6.02, ATP doesn't allow that because it detects the stop loss price of $6.02 to be higher than last price of $5. I did find a workaround, though not ideal, to enter a standard order pre-market with a stop loss. Thanks for your responses. I just want to warn everyone to be weary of Fidelity and to be cautious trading, as you can be held monitarily liable for their mistakes. A big thank you is needed to M1 Finance and Robinhood. Q&A, Press J to jump to the feed. What exactly bothers you about ToS? I'm guessing it sucks so much because Fidelity doesn't want to encourage more no-fee trading? I have been using Fidelity as my brokerage platform for several years for passive investing only. They do have a point though. Same.. Don't index funds have equally low turnover? I do occasionally day trade so speed in important .ThinkorSwim just feels so broken, unintuitive, and slow for me. I'll have to check that out because I haven't had that issue before. i prefer Fidelity. Or if you're trading a set-up, submitting a buy stop order and being ready with the sell shortcut if it gets filled. I just want to warn everyone to be weary of Fidelity and to be cautious trading, as you can be held monitarily liable for their mistakes. Also, more involved trades like trying to sell on the ask before going to the bid are just not feasible as it would require you to submit your order on the ask, cancel it in another window, then submit the new order on the bid. Of course. It is convenient. This allows me to put the trade in, and once the market opens and if I have time, I will either refine the trailing $ stop loss or cancel it and enter a OCO order for take profit / stop loss. Tos charges .65 per option contract, is fidelity free for options? Results based on having the highest Customer Experience Index within the categories composing the survey, as scored by 4,199 respondents. I will have to try it out. Here's the problem - instead of completely closing the spread, I simply closed the short leg of my vertical. Currently looking at IB and Lightspeed, but open to other suggestions. By using our Services or clicking I agree, you agree to our use of cookies. On Friday I had an accuracy of 8/9 trades winning, but the one trade I lost I was pretty upset with myself so I walked away. I'm on a Mac and just downloaded ATP and it is so slow loading data. I know have a fully diversified index portfolio of the following: Fidelity S&P 500 index fund PREMIUM CLASS, Fidelity Extended Market index fund PREMIUM, Fidelity Total Foreign Stock Market PREMIUM, Fidelity Large Cap Value Index Fund Premium. Plus, submitting a new sell order while having an open stop loss requires you to cancel that one first so you don't "accidentally" take short position (yay, clicking). The trade iron feature that calculates share size, etc. TLDR: Fidelity forced me to pay over 1k for their mistake. I usually trade large positions so just need something that's simple to use , has quick execution, and easy research. The reason for cash accounts is so you cannot trade more than settled balances, I understand the risks if I was using margin but I wasn't and didn't apply for it. However, I recently started to get into daytrading and I pretty much agree with your assessment. That's what can attract option writers. It’s like choosing a uhaul vs a Porsche. First three days of the week things went well overall. Order execution is very slow the first 15 minutes of the day. I just opened options trading and they sent me packages after packages of info regarding the upgrade to options as well as margin info. Investopedia has some great free articles on how options trading works, and there are plenty of excellent books on Amazon to help you get started. So if they have decent tools then they're probably better. I have not noticed any noticeable delay when placing the orders through the standard trade ticket instead of direct access. The best in my experience, for day trading is my sterling trader pro account. By using our Services or clicking I agree, you agree to our use of cookies. A side account somewhere else might be good for more volatile trading if you need to keep it far from your main account :-). TL:DR - Idiot fucks up basic transaction> blames transaction provider. Not even a comparison or question really. I know the talk around town is how they lowered two funds to 0.00%....But who cares, because the really great funds are ALMOST FREE now after the fee drop. I used to hate IB too, but after a month of using it everyday, it's a beautiful interface. You don't get your money back from a casino because you "accidentally" doubled down. I recently started doing intraday trading and using their active trader pro (ATP) platform. It's useless. However, and this is a big reason why I stopped day trading with them. I recommend always doing limit orders for all trades. Access an enhanced option chain, multi-leg option trading, trading of specific shares for stocks or ETFs, tax lots for your positions, margin trades in your IRA, plus extended hours trading. You sound like those roulette table guys that says it only takes 1 more to get rich.

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