Margin Trading - Fidelity

Fidelity Cash Account (Non Margin) - Unlimited Day Trades Allowed?

What the fuck?
I made like 30-40 day trades in my cash account (non margin) in the past 2 days due to this market chaos and nobody gave me an account ban or restriction or anything.
Does fidelity not give a fuck or something?
This is supposed to be a good faith violation and they are only supposed to allow 3 in a 90 day rolling window BUT I MADE 40 VIOLATIONS
Why am I not restricted or something? Why has someone not called me?
38 day trades to be exact.
(NON MARGIN). Just cash account.
Account value with them is much less than $25k.
Every single trade was with UNSETTLED CASH from the previous trade
submitted by nadoterisback to investing [link] [comments]

Fidelity Bitcoin Trading, Apple Lightning, Binance Bitcoin Margin Trading & The Bulls Have Arrived

Fidelity Bitcoin Trading, Apple Lightning, Binance Bitcoin Margin Trading & The Bulls Have Arrived submitted by WebSwiftSEO to CryptocurrencyVideos [link] [comments]

Can someone explain to me margin trading specifically if you have the knowledge, within fidelity. I'm unsure on how often interest/fees are charged need an overview of how it works before I try it.

submitted by coltonmusic15 to investing [link] [comments]

I am not able to trade on margin because Fidelity thinks I am a day trader. Reddit, how can I resume trading in margin?

I placed 4 day trades in the past 5 days on accident and Fidelity called me and said that unless I have $25,000 in my account I cannot trade on margin for 90 days. This is ridiculous because I am certainly not a day trader and I won't have 25,000 in my account anytime soon.
Does anyone know if this is Fidelity's policy or if they have to stop my margin account because I violated the SEC regulations regarding day trading?
submitted by daylmitch to investing [link] [comments]

Leaving the 'Hood

I've been finding a lot more wrong with Robinhood lately. The outages were bad enough, but between the desktop experience and the iPad experience (lazy AF), I'm about done trusting my money with them.
I'm stuck between TD Ameritrade and Fidelity, where should I move the money I'm eventually going to lose? Bonus points if their mobile app isn't a shitrock.
submitted by asshole_goose to wallstreetbets [link] [comments]

$50k AMD shorting loss in 24 hours

$50k AMD shorting loss in 24 hours
Seeing AMD is ATH on Monday, I became greedy yesterday and sold 200 naked calls expiring 814 at $85/$90 hoping the stock will pull back. Tuesday, AMD surged as a huge surprise, which instantly destroyed my buying power. Fidelity called and I had to liquidate for margin call. So $50k loss in 24 hours.
The lesson learned here
  1. Never sell naked calls (although, in this case, it won't help very much as $90 and $95 calls are much cheaper)
  2. Never use too much of your buying power to sell calls, you will likely get margin called if price move against you.
  3. A black swan event or a sudden price change in a stock could bankrupt you. I felt in a way lucky that AMD didn't got to $90 today and remained at $85.
  4. Don't blind yourself P/E ratio, technical analysis on a trendy and passion stock. These don't seem to matter for growth stock anymore.
  5. Be determined when cutting your loss, this morning, I could have limited my loss to $35k when it dipped to $83, but got greedy again and waited a few more minutes and price bounced back to $85.
I'm very unpleased by this outcome, as it's the biggest lost I've had in my trading career, which also wiped out all my gains over the last two months, I hope this would be a good cautionary tale for others.
Edit: I honestly didn't expect this many comments, so just a few reactions to "what I could have done replies":
  1. Rolling the call - I thought about rolling the call to a higher price at later exp date. The upside of this is I won't lose more money than I already lost, but trading off time and security - and the reasonable moves to roll would be in 8/28 or 9/7 but at that time, who knows if AMD will rise to $95-$100 again giving its upcoming PR and new product releases?
  2. Buy the cover when short is ITM - I thought about buying 200 contracts to cover my position, that will restore some of my buying power to avoid liquidation, but these contracts are really expensive now we're talking about $1.9 at $90 to cover $3 at $85, they won't necessarily limit my loss exposure significantly (the reason I didn't buy the cover in the first place), the best case scenario at 8/14 I might only lose $20k, but AMD can keep going up into next week as market index is going up.
  3. Why I believe AMD will keep going up - even AMD by itself at this point is standing still and moving sideway, the macro is going up and things are getting better than I thought, with Friday's bill potentially passing, market can celebrate another 1-2% tech gain and I would be losing another $20-$30k. I also think the chance for AMD to pull back could happen not this week, but next week or late August - based on prior history, in 2018, 2019 AMD both had two long run up streak of %20-%30 gain for more than 2 weeks before pulling back.
I want to thank you all for your support! I'm probably going to slowly play conservative and trade back these losses over the next two months, wish me luck!
submitted by bwang29 to wallstreetbets [link] [comments]

So what do you guys like about Fidelity?

When I had my first 401K, the plan administrator was Fidelity so when I decided to start my Roth IRA and brokerage account, I decided to use Fidelity since I had a login there already. Plus, I grew up in Boston, so it's always nice to use the hometown broker.
Over 7 years later, I'm still trading on Fidelity. The customer service is excellent. Active Trader Pro kind of sucks (never really learned how to use it) but the research tools and website are adequate enough for my needs.
I feel like I could benefit from moving to a site for active traders like Interactive Brokers but I like Fidelity enough so I don't feel like moving my assets anywhere.
submitted by beefcake_123 to Fidelity [link] [comments]

E*Trade vs. TD Ameritrade vs. Fidelity

Currently I am using RH and and tired of it for many reasons. I have been searching around and these three seem to be the top 3. Anyone have any advice on which they prefer?
submitted by WraithN to pennystocks [link] [comments]

ZN AH gains

How much do you guys think this will run? No funds on webull i can use sucks just seeing it sky rocket. Anyone doing a RH opening play
submitted by CulturalArmadillo4 to pennystocks [link] [comments]

I still don't get it. I have a margin account and yet received two warnings of having my account restricted. Please, anyone aware of this??

This is the message I received. I've researched a lot about how the PDT works and all the violations and such.
A trading violation has occurred due to trading activity in your cash account in which securities were sold before payment was received. Please be aware that accounts with three good faith violations in a 12-month period will be restricted to trading using settled cash for 90 calendar days.
I saw that I got my margin enabled at Friday and bought stock that day and the day before, Thursday, I sold a stock on my cash account. I do not have 2k in the margin enabled account and I've used all my PDTs on Monday by day trading the same stock 3 times. Am I still under GFV if I use cash in a margin account? I need clarification about this, please.
I checked what restrictions I've received on my account in the restriction section of my broker. It said I had one free ride I got a week ago which I was aware of. But here's the thing: 0 GFVs! I see that a second column has appeared called "margin account" too.
I'd like to also point out that a new column has appeared in my "trades restrictions and violations" section. Now I see 3 new violations columns that appear: "day trade designation", "day trade liquidations" and liquidation violations. I have 0 in everything and am a "non pattern". This is a new column that says margin account on the top and like I've said, I see all these new abilities and options in my account, so I'm sure I have a margin account.
Messages take the broker days to send and they seem to lag too.
Is it possible that the messages I've received are outdated or wrong?
submitted by Apennyis1cent to Daytrading [link] [comments]

$LPTH - DD - lightpath technologies - A company which is growing and will keep on growing

Overview: LightPath Technologies is a recognized leader in optics and photonics solutions, serving blue chip customers in the industrial, defense, telecommunications, testing and measurement, and medical industries, for over 35 years. LightPath designs, manufactures, and distributes optical and infrared components including molded glass aspheric lenses and assemblies, infrared lenses and thermal imaging assemblies, and fused fiber collimators.
LightPath also offers custom optical assemblies, including full engineering design support for both optics and mechanics. This allows for the highest level of optical integration, lower cost, and ensures the highest level of quality, performance and manufacturability.
Presence in multiple countries:.
Customers: Look at these customer list, detailed list in the pic. They are separated by Infrared and Visible light. Same can be found HERE

Sector Diversification:
Sector diversification
Infra Red Blue chip customers:
Infra Red Customer list
Visible light Customers:

Visible light Customer list
Recent News, catalysts, facts:
Results from 3rd quarter results: Link here
Growth: Company uses Chalcogenide and its low cost and very high demand. see this article
Increased mutual fund ownership
Mutual funds have been increasing their positions in LPTH, with previous quarter increases exceeding 48.13% .These funds include Vanguard, Royce, and Fidelity – all moving their positions deeper with Royce now holding 4.4% of the company’s shares. This shows high interest from proven winners who understand the market and a confidence in the long-term profitability of the firm.
Analyst opinions - Refinitiv/Verus has a strong BUY opinion, ranking it with their “SmartIndex” score of 37.41% - a very bullish signal that indicates a strong reasoning to increase positions. This has been upgraded by 3 firms from a Neutral position to a bullish BUY, with FBR indicating a 1-year history of nearly constant outperformance for the relative sector.
Upcoming catalyst: Strong earnings this year, with earnings upcoming September 10th. – Q2 and Q3 have both met or exceeded EPS estimates, with current estimates indicating a repeat of this for the upcoming report. Higher earnings per share is one of the key factors to look at when evaluating the feasibility of any
Price Target: This company has a solid growth. Here is a article which clearly explains thermal imaging market continues to rapidly expand and company has a great future. This is a low float once it gets the eyes it can be move a lot.
LPTH has little demonstrated interest in the usual PR-spam that people interested in volatile growth like to see. They focus on their work, and not so much pumping the news cycle. This is both good and bad – when positive PR releases do happen, historical charts show growth is positive and quick – yet the inverse is likely also true. This does also present the benefit of being a safe-haven versus a highly volatile, high volume play.
Relatively low-float – Shares are, by nature, subject to higher volatility and offerings once the prices begin to increase. In companies that stay under the radar such as LPTH, there are opportunities for both buyers and short-sellers, and there is ample opportunity to end up a bag-holder if responsible exit plans are not in place. (This hopefully is becoming a common practice for everyone – know when to leave before you get in!
Stock History: Look at the stock history it has been constantly growing from last 6 month. It was at .63 and now trading around 3$. Its not a pump dump but a company which actually has a growth and a solid investment as well.
submitted by varun22486 to pennystocks [link] [comments]

Wiring money to TD ameritrade?

So I want to trade an otc stock tomorrow, but I know it takes some time to transfer to your account, then 4 days before you can trade otc.
I asked support about it and they said if you wire you can trade otc instantly.
I have Bank of America. So if I get it wired tomorrow, I’ll be able to trade otc tomorrow?
I looked at the wiring instructions and it looks like you have to put the address and stuff. Are they sending a letter? Would that just end up taking more time?
submitted by Sidesalad37 to pennystocks [link] [comments]

Best Platforms for Selling Puts

Something I've become painfully aware of with Robinhood is that the cost of capital is often the most important piece of any Theta based strategy. Collateralization policies and cost of margin vary substantially across platforms so I was curious as to what everyone was using.
submitted by troglodyte3 to thetagang [link] [comments]

As a beginner,trading penny stocks has been an arduous journey. How did you improve as a beginner?

My first stock trade ever was Tonix Pharmaceuticals, ticker symbol $TNXP. I put in a market order expecting the stock to rise at least 20%. As it would turn out, $1.50 was the peak of the stocks run and I lost around 30% of my underlying securities value and sold at a huge loss.
My second stock trade was Prona Biotechnology Ltd, ticker symbol $ATHE. I saw it skyrocket during pre-market hours. It was up 150%. Wow! Unfortunately, my broker doesn't allow for pre-market trading at 4 am but rather 7 am. Fine. I then waited until I could put in a limit order for $ATHE and so I did. By the time I looked back, the stock was up 250%. I FOMOed because of the $5 price tag it was now at(it closed at $1.50 the day before).
I believed $ATHE it would go to $7 or so when the market would open because it jumped all the way to $6.15 at pre-market, so i bought at 4.98..... next thing I knew, it's plummeting all the way down to $4.15 five minutes later. I tried selling at a break even point and even put in a limit sell at $5. $ATHE then jumped to $5.75 but there was one problem, MY ORDER NEVER EXECUTED. I don't know why considering the fact my limit order was 5, but that's what happened. I was down 35% the next day(today)and sold at a loss evident of it's current price.
Should I just stop trading penny stocks? I have a relative small account of 300 dollars when comparing to others. Really passionate about trading. What helped you when you were first starting out, its been difficult to trade these penny stocks. What made you improve?
P.S. I'd like to specify how bad a cash account has been. Anyone using Fidelity know the difference between "cash available to trade" and "settled funds"? Charles Schwab gives you margin account when you sign up, even if you don't have 2k. But fidelity makes you wait a week to see you're improved. I was denied, so what's the best course of action here?
Edit: My account has received a trade violation and if I do it one more time, it wont allow me to trade with anything but settled funds for 90 days. I know what this means, but can someone explain more in depths. Specifically the difference between "settled cash" and "cash available to trade"?
submitted by Apennyis1cent to pennystocks [link] [comments]

IBKR Lite 2020 Review

Lemme start by saying I've used several different trading platforms (Robinhood, Merrill Edge, Tastywords, Schwab, TD, Fidelity), and by far IBKR Lite takes the cake in terms of my overall satisfaction. Here's why i think using IBKR Lite is #1 & hope it helps someone out there:


IBKR Lite Overall Score: 5/5
submitted by Mr_Ready_Finance to interactivebrokers [link] [comments]

Please r/stocks, I have a VERY specific question/situation with account types and what rules apply to them. Thank you!

So when I got approved for margin by accident(never had 2k in my account), I soon got a good faith violation in this margin account by trading with no settled funds all the time, which was unexpected. I thought that you would never have to wait for cash settlements in a margin account. I've been studying days with this but have a VERY important question. I called them but still don't get it.

Here is the question:

I really hope anyone knows the answer to this. Using fidelity, when I go to the trade page to buy or sell a stock, I'm allowed to buy and sell stocks with either "type margin" or "type cash". I always use "type cash" because it says I need 2k for "type margin". Who cares, this isn't the question I mainly have.
Please /stocks! I want to really know this: if I trade with "type margin" I would be working off of margin rules ONLY correct? So if I buy with margin, there would be no good faith violations or free riding right?
And subsequently, if I were to trade with "type cash" would I now be working off of a cash account rules ONLY correct? This means that I could day trade unlimited but with only settled cash? If I buy a stock with "type cash", there would be no PDT rule correct even if I day trade 5 times because when you buy a stock in a margin account with "type cash", you're automatically playing with a cash account again even if you're in a margin account in this instance. When you trade with "type cash" it at least means your trade is based on cash account rules meaning no PDT risk for buying and selling with "type cash" in the margin account. Only risk is getting a good faith violation and free riding violation?
I really want to know the answer to both underlined paragraphs, please. Thank you, it's immensely appreciated! Please don't miss the question, I really need an answer, thank you.
submitted by Apennyis1cent to stocks [link] [comments]

Can I sell

Say I bought stock on 7/6 on a cash account. Transfer done the same day.
I know both settle at T+2 on Fidelity. Can I sell on 7/8 and not get dinged?
submitted by fatbody-tacticool to pennystocks [link] [comments]

“Zero commission” trading sites, where’s the catch?

If something sounds too good to be true, it usually is. So where and when do they take my money?
Do they hold part of dividend payments? Do they buy a stock for me at a higher price than I want to buy and pocket the difference? Do they magic money out of thin air?
submitted by tealing101 to investing [link] [comments]

Fidelity Account Restricted

Hey guys! Just got an account restriction from Fidelity (they said it was SEC) until September saying I wasn't trading with settled cash. The customer service rep (CSR) said apparently when I sell a position, I don't actually have the funds for two days, yet I've been trading without waiting for the settled cash for the last three weeks. Is this something I did or is this something that is uniform to Fidelity?
Also, could I just close my account and go to anyone platform? I got ZERO alerts to what I was doing and the Fidelity rep sounded like she was clueless. Any advice out there?
submitted by redinthahead to pennystocks [link] [comments]

Which brokers offer Trading API ?

Hello, I am looking into automating my trading. Does anyone have experience with online brokers that expose an api for trading ? I currently use Fidelity but I don't see an option except for scripting their web site, which is possible but not ideal for performance. In particular I would need a broker that offers margin trading. Thanks for your help!
submitted by konglongjiqiche to investing [link] [comments]

Got 3 strikes on my account for free riding because I didn't read (I know). Can I still sell my stocks within that 90 day restriction period?

I know I am restricted for 90 days from purchasing securities unless I have settled funds, but I have a question regarding this statement:
"Due to continued trading activity in your cash account ending in ___ in which securities were sold before payment was received, your account is restricted to trading with settled cash for 90 calendar days."
I am assuming that I can still trade with my account, but it can only be with settled cash.
When I received this message, it was on 6/2 @ 4pm. I didn't deposit the funds until today (6/5) @ 5:30pm.
This is two days longer than the time frame that it should have been deposited. Are there any implications that can further restrict my account in doing so?
submitted by nihilistictablelamp to Fidelity [link] [comments]

Best tips for a beginner to use?

What are your tips for a beginner that never traded stocks? Is fidelity a good broker for day trading and swing trading? What is your perspective on this matter? Should you look into options as a beginner, it's really appreciated! And also, should you day trade or swing trading penny stocks? Should you stick with a cash account or go use a margin account?? Thanks!
submitted by Apennyis1cent to Daytrading [link] [comments]

Fidelity Investments - YouTube Short Video - Margin - Getting Started - YouTube How to Trade With Fidelity  Active Trader Pro ... 5 Mistakes Investors Make with ETFs  Fidelity - YouTube How to Trade With Fidelity  Beginner’s Guide to Investing ...

A margin loan from Fidelity is interest-bearing and can be used to gain access to funds for a variety of needs that cover both investment and non-investment needs. Margin borrowing can be used to satisfy short-term liquidity needs similar to how you may use a home equity line of credit or to buy more securities than you could on a cash-only basis. Fidelity's current base margin rate is 7.075%. Margin trading entails greater risk, including, but not limited to, risk of loss and incurrence of margin interest debt, and is not suitable for all investors. Please assess your financial circumstances and risk tolerance before trading on margin. Margin credit is extended by National Financial ... A margin loan from Fidelity is interest-bearing and can be used to gain access to funds for a variety of needs that cover both investment and non-investment needs. Margin borrowing can be used to satisfy short-term liquidity needs similar to how you may use a home equity line of credit or to buy more securities than you could on a cash-only basis. Using your own money, you could purchase 1,000 shares at $30 per share. If you use margin, you can increase the number of shares you can buy. Let’s say you buy 1,500 shares. At this point your total portfolio with margin would be $45,000, instead of the $30,000 you could’ve bought with just your money. What is Margin Trading? Margin trading is a term that is a concept that allows traders to invest using borrowed money. The best way to explain margin trading is to use an example. Assume that you had $10,000 and you want to invest in Amazon stock that is trading at $1,800. In this situation, you can use your $10,000 to buy 5.5 shares.

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Fidelity Investments - YouTube

In this video, I wanted to go over a basic feature of fidelity. This is the feature that 100% of people talk about when investing in the stock market. This f... In this video, learn about the five biggest mistakes that investors make when buying ETFs, or exchange-traded funds. To learn the basics about ETFs, visit ht... This IBKR short video will explain the: • concept of margin and leverage • different types of margin and margin account types • underlying key concepts and d... Follow me on Tik Tok: Follow me on Instagram: Matthew G Perry Store: https://ww... Learn to leverage Active Trader Pro's single, multi-trade, and directed trading capabilities to enhance your investing experience. Find out more about tradin...