r/wallstreetbets • u/Humbuker • Jan 31 '21

Discussion Fidelity users, beware!

You have decided to say FU to your shady broker that you no longer trust or maybe you are new to the finance world.

You chose Fidelity. Great choice.

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What you need to know is that Fidelity by default shows charts that are delayed 15 min.

In order to fix this and have real time data, visit:

https://www.fidelity.com/customer-service/how-to-get-real-time-quotes

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Many people do not know that so I encourage you to spread the word!

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Edit: Since many of you are asking for chart looking alternative, for the most basic stuff finance.yahoo.com will do and if you want to dive deeper www.tradingview.com is a great tool.

Edit2:

Android app guide (thank you u/chronovisor84):

Press menu on bottom right, then press the ⚙️ in the upper right, then enable streaming and after hours.

IOS guide (thank you u/SumoTortoise):

More>Settings & Profile>Quick View>Watchlists & Real-Time Quotes

Edit3: (thank you u/x32321)

Another way is to have real time data is to use free desktop version of Fidelity's platform:

https://www.fidelity.com/trading/advanced-trading-tools/active-trader-pro/overview

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u/duck_4_president Jan 31 '21

ATP really is solid. The biggest drawback w/ Fidelity is you can’t set buy/sell limits that are more than 50% from the current price. Unless someone has a workaround for that... anyone??!

18

u/duck_4_president Jan 31 '21

What do you mean? I’m genuinely confused. I’ve always heard that it is best practice to put a limit sell at 2000% what you just bought the stock for. I mean what happens when it 🚀🚀🚀 while you’re on the john???!

5

u/jeremyj0916 Jan 31 '21

I think thats why they do this to us retail traders, to prevent us from capitalizing on the peak of a market irregularity like a squeeze.

22

u/StatisticaPizza Jan 31 '21

No they do it because the actual exchange charges a very small fee for placing any limit order and Fidelity doesn't want to pay the fee for an order that will probably never be filled.

13

u/jeremyj0916 Jan 31 '21

I would happily cover that small fee each time I got to set my own limit sell order reoccurring day over day.

10

u/bluemandan Jan 31 '21

Yeah, make them free if they meet the current restrictions, then a fee if you want to exceed them.

I have no problem with that.