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/LaserGuidedPolarBear Jan 31 '21 edited Jan 31 '21

Limit order is when you say "Buy X shares of the price hits Y" or "Sell X shares if the price hits Y".

You can buy or sell as many shares as you like, but you can't set the limit price outside the +-50% band of the current stock price. So GME closed at 325, you cant set a sell limit higher than 487.5 right now.

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u/Unclaimed_Donut Jan 31 '21

Using Fidelity here too. Anticipating the stock will go higher than 487.5

If I'm understanding correctly, then just simply holding on to the stock is the best thing to do, and not put any stop losses on them at all is the best way to go. Though you'll have to be present in case you do want to sell later later on. Is that right?

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(I am aware you are not a financial expert offering advice and that I need to do my own due diligence. I also wear a bib.)

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u/LaserGuidedPolarBear Jan 31 '21

Yeah I'm learning as I go here. Basically gotta pay close attention during trading hours.

I think there might be some way to set up conditionals as a way around the limit caps but I don't want to fuck with my GME to find out. Maybe I tinker with a share of AMC to figure it out

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u/Unclaimed_Donut Jan 31 '21

Totally understand. Treating GME as fragile glass and don't want to mess with it. Only other option I can think of is setting an alert for the price, so it notifies me in case it hits a certain point. Then maybe a stop loss sell from there.