Fidelity | How To Trade Pre-market & After Hours
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- čas přidán 25. 07. 2024
- In this video, I share the details of Extended Hours trading using Fidelity.
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Topics include:
1. How to Sign Up
2. Basics, FAQ, up-to-date info
3. Opportunities to look for: chart patterns, volume & liquidity, events
4. Level 2, tracking price changes, bid and offers, did they trade? are they moving/up? Are they desperate?
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I missed your day trading videos so bad I'm so happy your back.
A new video from Kent! Excellent way to start the New Year. Thank you. :)
Happy New Year Daniel!
Lovely video...you do a great service to those learning. Good luck this week my man!
Hi Kevin,
I appreciate the positive feedback. If any questions come up, feel free to put them in the Comments of videos. I try to answer them all in time. Good Luck!
Thank you! I found this very informative.
Hi Kent,
Really get a lot of insight from your videos, was wondering when you can post more day trading videos as they do help. I have a small account that benefits when the price goes up, and use your analysis to an advantage, but was wondering if in a video you can do the opposite (trades when price goes up) to get your perspective. Much appreciated.🙏
Your channel is what ive been searching for while. This is only YT channel with consistent videos using fidelity platform. Thank you for filling that avoid in YT
Hi
R rosso,
Thanks for the positive feedback! I appreciate the support.
@@ThinkTradeProfit So I have enabled extended hours trading, it says agreement on file... day+ is not an option under TIF. I have selected Limit as the order type. Anyone know what the problem might be?
@@GritzNGravy789 Hi Mike,
Check my other reply and see if that clears things up.
Welcome back! Great content
Thanks Sander! Wishing you the best in the New Year.
thank you for the lesson . . . it was very helpful!
Hi Serey,
I'm glad it was helpful. Thanks for supporting the channel. Good Luck!
Thank you, this was super helpful !!
Hi SimpleThings,
I'm glad it was helpful. Thanks for checking out the channel. If any questions, feel free to put them in the Comments section of videos. I try to answer all of them in time. Good Luck!
very cool info, never new about day + order type
Thanks David! I appreciate the support.
Hey bro. Late response to your comment from another video. Just wanted to say thank you. I’m going to slowly scale into day trading more. I love your videos!
Thanks Miraj Music!
Thank you so much. I’m fairly new to fidelity and I’m learning the platform. Your videos have helped me. Can you please show us how to put a VWAP indicator on our charts.
Hi R.J.,
Many people have been asking Fidelity to add VWAP to Active Trader Pro, but unfortunately, it hasn't happened yet. I use a free account at www.tradingview.com/ with their chart on the side in a browser with their VWAP indicator. Basically, checking to see if wer are above, below, or maybe bouncing off of VWAP. imgur.com/bJU327I
Hey Kent! Another idea for a video.... Indicators. On the Charts of a position/stock there is a tab with "Indicators" Which do you use? Can you do a video on these that explains what they do? Since VWAP is not on ATP, what is/are good tool(s)? I recently discovered Pivot Points which gives arrows on when to buy or sell when day trading. Takes some of the emotion and FOMO out of the equation. YOU DA MAN! THANKS!
Thanks. Looks like I have to call Fidelity to get extended hours setup in my 401k. It wouldn't give me the option online but several of my coworkers have it.
Hi Chad,
Interesting, I hadn't thought of that option. I hope it works out. Thanks for checking out the video!
Would you also please show us how to draw key levels in using Active trader pro? How to do technical analysis on charts? thank you very much
Thank you I’m new I’ll be back. Just what I needed to know
Hi Ashley Marie,
I'm glad it was helpful. Thanks for the support!
Good stuff. And I liked your watch list. Except for FB.
my man Kent always comin in clutch with the info
Thanks for the support Struggle!
Perfect timing. I was wondering about Pre and Post market for Fidelity.
Hi Jin!
I have had many people asking about extended hours trading. I hope it helps get you started.
Money!
Kent, this is great! Thanks!
Thanks Michael! I appreciate the support.
Great video and thanks for adding more videos. Recently my active trader pro keeps hanging and I have to restart it a few times during the day. I was thinking to move to TOS or Webull, but I am so used to ATP and its setting. Do you use any of those?
Hi
nazgoli0,
I'm sorry you're experiencing those issues. I have a second account at TD Ameritrade/thiinkorswim, but I haven't used it much. They are going through a merger with Schwab, and they have had issues. I can't really comment on WeBull.
Great Info! But I actually start trading (buy) at 7:00am on Fidelity ATP for some Pre-market action because by the time 8:00 am hits... most of the stock that I'm interested in from night before is already up from the catalyst announced on previous afternoon (after market 4:00pm). I always look at volume and volatility though before I enter a Pre-market trade.
Hi
Him B,
It sounds if you are more experienced and do your "homework". My pre-8AM warning was for people new to the markets. I've had a lot of inquiries about extended hours trading in Comments on other videos, so I tried to share the basics. Good Luck in the New Year!
Helpful stuff. Thanks.
Hi Crawfordviolin,
I am glad it was helpful. Thanks for the positive feedback. Good Luck!
Great vid, thanks. I was wondering what to do with that "route" drop-down. I'm not much a minute-by-minute trader, but can I buy stock pre-market basically just to dollar-cost average a position I already have? Or are these trades completely separate from my "normal" portfolio?
Yes, it will just average your position. For premarket, I usually select ARCA route for premarket trades and leave at AUTO during regular session. You won't miss the best price. It will get it from wherever. Thanks for the support!
Hey Ken, really appreciate your vids. You're the first one last year that was helpful while I was trying to figure out ATP. Now that I'm using it, I've been looking at the best way to get in/out efficiently... so, what are your thoughts about having two active-trade windows up simultaneously ? I have them linked, the first window is showing Level II and the hot buttons, and the second one is set for my selling - also showing the hot buttons - and the window is sized so that it doesn't show level II since I already have it up, thoughts? This way I'm ready to sell if I'm in a gapper trade with a quick 20c ish scalp. Thoughts?
I think it's great. Definitely making things as fast as possible. You should be able to run multiple pairs of windows with no problem if you are watching a couple stocks. You should make a video and share your setup and talk about your macros.
Hey I really enjoy your videos, can you please dive deeper into Level 2 data and what “Bid” and “Ask” entails within looking at Active Trader Pro? I understand you short a lot but could you explain buying and selling on level 2
Hi Anthony,
You should look through all my videos, especially the live day trading ones. This one is a little long, but I talk about many things while trading live. Reading the Tape | Level 2, Times & Sales, and Price Action - czcams.com/video/wXPKXDEtxCo/video.html
Thank you for this.
Hi Mad Jack,
I'm glad it was helpful. Thanks for the support! Good Luck.
Extremely helpful
Thanks Glen! I appreciate the positive feedback.
Thanks.
Hi love these vids. I have a question from a prev vid: do price improvements occur for limit buy/sell orders? I know you mentioned in a follow-up comment that they do, but do they occur as frequently in limit orders as market orders? If not, do you have any hypotheses/guesses as to what's happening?
Hi
Randy Fan
,
Price Improvements are much rarer on Limit Orders rather than Market orders. I can only guess why that is happening, but it is probably similar to the following.
1. Note that Fidelity doesn't take payment on the orders they send to market centers, but they constantly monitor who is giving good fills and will make adjustments accordingly. www.fidelity.com/learning-center/tools-demos/trading-tools/price-improvement 'Fidelity, as the broker, will work to obtain the best available price because it can route the order to up to 75 market centers including exchanges, market makers and automated trading systems (ATS). These market centers compete for customer order flow by improving the price. That's "price improvement."'
2. Market orders are simpler to handle, especially in fast markets with so many algorithms involved. Fidelity's market orders are filled nearly instantly (sub 1 second), so that means the whoever they send them to, fills them quickly and tries to offer something better than the best bid or offer. Limit Orders are harder to track, they have to wait for a specific price, so I imagine they get "stacked" somewhere and when the stock finally trades at that price they start executing. I think it is easier (and safe for their inventories) for those market centers to execute our small market orders instantly and offer price improvements.
On stocks like FB and PYPL, which have varying spreads, sometimes spreads of .04, sometimes spreads as wide as .08-.11, I receive price improvements 70-80% of the time. Often times, the price improvement would be half of the spread or more. It adds up (significantly) if you trade often.
Thank you!
Thanks Kent for your Fidelity video’s could you show how to set up shorts and know they are available in Fidelity.
Thanks for sharing 🥰💯
Hi Renee,
Thanks for the support and positive feedback. Good Luck in 2024!
Hello Kent! Great info on Pre/Post Market with FATP. Would love to see you do a video on FTAP and how to find out if a Micro-Cap Stock is Shortable through Fidelity. Thanks!
Hi StrongerByTheSecond,
Thanks for the support! Try this. You can do this right now in Active Trader Pro. Go to Trades & Orders > Trade > and start a Short Sell with the micro-cap stock symbol, then a little tooltip appears to the right of the Quantity field. Hover over that. It should look something like this - imgur.com/Q9YJFr3 . This feature is also available in the Directed Trade window, but it is not active during the weekend.
@@ThinkTradeProfit Awesome! I will check that out! Appreciate the response and screencap!
can I add a 2 sell stops? so one being higher than the current value and one below(around where i bought it from)
Hi Atrum,
You could do it, with both sell prices above your purchase price, if that is what you mean. You can also place a Sell profit target and a Stop Loss (below your purchase price). The easiest way to do either of these is in Trade Armor. It's a OCO (One Cancels the Other order), which means if either of your sells get triggered the other order is cancelled. Check out my Trade Armor video for the easiest way to enter that order - czcams.com/video/V4mLwwJrPiU/video.html . You can also enter it the hard way with Trades & Orders > Conditional Trade > (OCO - One Cancels the Other) and enter the orders that way. If you're new, watch the Trade Armor video (link above).
Can you tell if there a way to scan the stocks pre market on Fidelity and I see Down gappers window in there, is it part of Fidelity ? Thanks.
Hi L. CH.,
From the main navigation, go to 'Quotes & Watch List', then select 'Filters'. imgur.com/kcwM9YG This tool isn't too bad, but the volume won't show pre-market. The Down Gappers window you saw was from the free version of trade-ideas.com, but it is no longer available. I also use these links early in the morning to see what is moving. www.marketwatch.com/tools/screener/premarket www.nasdaq.com/market-activity/pre-market I hope that helps. Good Luck!
Yes, I've seen a lot of volatility in pre-market extended hours. Can get ugly on some active stocks, you'll see the market makers pump up a stock to soak the shorts from the day before and then trap a bunch of longs pre-market. Some observes watching may not know which way it's actually going to go. Because once you see a huge decline ten minutes going into the open, all of a sudden, you'll see a stock gap right back up and break the highs of the morning extended trading. Just remember this: it's okay not to take a trade. If in doubt, do nothing. Having money in your pocket is better than none at all.
Can you please also talk about SPAC, specially before and after merging. it's still confusing for me to hold during merger or to sell and back after merge?
Hi
nazgoli0,
I haven't traded any SPACs yet, so I am definitely not the expert, but this is a good read - moneyfortherestofus.com/318-what-is-a-spac/#how-to-invest-in-spacs One strategy mentioned in the article - "Their strategy was to purchase the SPAC shortly after the IPO and sell it one week after the announcement date when the potential merger was announced."
Welcome back
Thanks Aldito M!
How do you set up the "down gappers" window? how did i miss that video?
Hi Dannie,
Sorry I missed this comment. That window was part of the free trade-ideas.com account. Unfortunately, it is no longer available. I'll share something similar when I find it. Good Luck!
Sorry to bother you but I have a question. When I used the directed trade window linked to my chart and make a buy or sell it does not change back to open nor does it reconnect to another stock. I have to kill the window and reopen to make another trade. Is that normal or am I setting it up incorrectly from you video? Thanks
Stanley, after you press the "Place" button to place the order the display should now change and show a "New Trade" button where the place button was. When you select the new trade button the directed trade tool will refresh and you're good to go again.
Do sell orders stack up on opening of the market? So many stocks have a very predictable first five minutes.
Hi Shawn,
Yes. Buy and Sells can "stack" up for the open. Most larger orders (for individuals and institutions) may be placed in the market a long time ahead of certain price levels. They just decide to scale out or in at major levels. Likewise, if one big market center receives a large order from a fund, they may purposefully drive the price higher/lower in the first few minutes to get ahead of the order they are working. If it's obvious on the "tape", then the other algos and players drive in the same direction (seeing that the large order action has hinted there is a buyer or seller in the midst).
I switched from TD to fidelity and am in the process of getting it set up. Could you explain SPAXX or why they do that? Do they just put your cash in the fund or does it relate to margin?
Hi Tommy,
It's just a sweep of unused funds to help you earn interest. It doesn't relate to margin at all. It can't hurt you or negatively affect your Buying Power. When you go to purchase (or short) anything it's available and moved from SPAXX. Unfortunately, with interest rates so low, you won't notice much (you get credited after the end of the month for a small amount). When I had my PDT account sitting unused in 2019 (before COVID), I think I earned +1.x% annually. I would get a dividend payment like this - imgur.com/SnmBHRo each month.
Rewatched all your vids waiting for a new one hope youre back soon!
Hi Alexander,
Thanks for the support! I am around, but I wish Fidelity would add some new features. I've had some motivation issues with making videos lately.
can you set a stop loss at premarket and after hours in fidelity.
Hi Andy,
Unfortunately, no. You can only enter Limit Orders, and they are only alive for the pre-market or after market session in which you enter them.
Hello, great information you spend a lot of time helping. I have have over 12k in Webull, I have just moved over to Fidelity sense i watch your video this week.
Sooooo, still waiting for my position and full account to be moved to Fidelity but now i only have about 1.3k left on a cash account. i really feel the cash account is better for me so i dont have the PDT rule to worry about.
But... do you think i should go with Margin Account and short my small account ?
I lost 12k in Webull m and have 10.3k left? sorry miss print
@@jameshensley1970 Hi James,
I would stay with the Cash account and start doing some serious analysis of your trades. Use free Tradervue, see my video here - czcams.com/video/3t2VlciIjS4/video.html No use using margin worrying about PDT rule and trading larger until you get consistent. Find what setups are working for you, and be selective.
Kent, by 3 PM EST today TRXC was trading more than 184 million shares. But there wasn't any price action. Can you explain why so much trading would take place with a very small variation in price? What is the incentive for traders to do that?
Hi Dale,
This is a 5 Day 5 Minute chart. imgur.com/IVK5U98 I know it's much easier in hindsight for me to make comments. I have no doubt I wouldn't have traded this amazingly in real-time. I see the volume started to increase on Friday afternoon, and the stock started to break out above 1.00. If you had bought at 1pm and held to 3:30pm, you'd have been up +20%. Maybe you take profit on half and hold half the position with a break-even stop. Then at 4AM today (Monday), it breaks-out stupid. Of couse, it's only $1.70-$2.70 a share in pre-market. Madaz, or Warrior Trading or anyone with a big account could jump in a buy 10,000-30,000 shares and drive this up. There might have been an order to Buy with some market maker also. Honestly, I think this was manipulation to get someone out of a large position. Create some excitement, this starts trading crazy, then at 10:15am today (Friday), it traded 12 million shares in that 5 minute period. That was what this was all about. But at 3pm, it was all over. Look at the volume, it dies down. By then, the stock has found a natural value, a balance, where people believe it is fair valued. You shouldn't have expected something amazing to happen AFTER all the volume has traded. If you own it, I'd put a 1.48 stop loss on it and see what happens tomorrow. You have to keep in mind, this stock is up +80% since Friday! I looked at Times & Sales between 10:10am and 10:20am where all the 12 million shares of volume traded. imgur.com/T43jid8 I expected to see bigger trades, but there are some 50,000 share lots and 100,000 shares lots. Maybe someone took a chance and accumulated 100,000 shares starting Friday, then got out at 10:15am. They would have cleared about $1 per share ($100,000). For wild micro-caps, the best trades go your way RIGHT AWAY, and you get out before the momentum stops. Looking at this at 3pm today, you're just late to the "party" which started Friday afternoon. I hope that helps!
Sorry, I'll add one more thing to answer your questions, "Can you explain why so much trading would take place with a very small variation in price? What is the incentive for traders to do that?" This stock trades on the American Stock Exchange, so there is a Specialist who makes a market in the stock, displaying best bid and ask prices. They would rather it DOESN'T move crazy, because they can make the spread with less risk, and keep their own inventory low. If they get short or long too much and it moves in the opposite direction they have to adjust their quotes, consider the volume of orders coming in at the new prices, and try to stay on the right side of the market, etc. It looks like it had an 0.08 spread at around 10:15am. For every 1000 shares the specialists buys and sells he makes $80. Stocks can trade off-exchange and in dark pools and other places, but just do the math for the specialist if he traded 1 million shares today in/out today and managed his risk. He probably handled alot more than that.
Mine doesn’t have the option for day+
I don’t understand why I signed up for ext hours trading and it says agreement on filen
Hi Mo Mankash,
You can only enter 'Day+' during certain times. The option will not be available outside of Extended Hours trading from 7:00 - 9:28 a.m. ET, and from 4:00 - 8:00 p.m. ET.
Hey Kent! Been a while since you posted a video. How you been? What have you been focusing on? Would be great to see another video on... well, whatever. Maybe more options tutorials. Hope you are well.
Hi DonknDave!
Yeah, I've been lazy. I have been working on a Fidelity-based trading bot (off and on). I need to get motivated for a new video. Having a hard time getting excited about something. I wish Fidelity would roll out some new features.
can you sell specific lots in after market? If so, what are the steps?
Hi Nathaniel,
Yes, the steps are here - bit.ly/3dokTBQ in the 'After Hours session specific shares order' section. Good Luck!
thx gr8 vid! biotech stox r gr8 2 trade premarket as thas wen they usually break out
Hi FaReal WitIt,
Yes! There is definitely a lot of action premarket for biotechs. Good Luck!
@@ThinkTradeProfit ty sir u as well
Can you show your multi-monitor setup using Active Trader Pro? I use ATP and looking to upgrade to more monitors and want to see how its working out for others.
Hi Eric,
I can work on that. To give you an idea of how it works out: the only limitations are how many monitors your PC or video card support. I have a decent mid-level gaming Windows PC and have run charts and windows across 3 monitors with no issues. You can have any number of layouts and flip thru them, like a premarket layout with tons of thumbnail charts watching 16 stocks, then during the regular session flip to a different layout.
@@ThinkTradeProfit perfect. thats exactly what I was looking for. 16 charts would be perfect. Do you mind sharing your computer specs?
You don't need a super machine. Just an FYI, I used an old Dell i5 laptop without video card (just integrated graphics) and 8GB RAM and ran two full monitors with stuff. I have a Lenovo Windows desktop machine now, with new i9 processor, 16GB RAM and NVIDIA GTX1660 card. I believe the most important thing above all is a stable internet connection. I have 100mbs download and about 15mbs upload speed.
So I have enabled extended hours trading, it says agreement on file... day+ is not an option under TIF. I have selected Limit as the order type. Anyone know what the problem might be?
Hi Mike,
You can only see Day+ as an option during Extended Hours Trading times, which is the only time you can place Extended Hours Trades. If you have Active Trader Pro open all day and into the After Market Extended Hours, it might be worth reopening the Directed Trade window or relogging into Active Trader Pro. I have seen things "glitchy" as you transition into a different session once in a while. 7:00AM - 9:28AM ET and and from 4:00 pm ET - 8:00pm ET is when you can place Buy Orders. Short sales are eligible ONLY from 8:00 am ET - 9:28am ET during the pre market and from 4:00 pm ET - 8:00pm ET during the after hours session. Day+ is there during these times. Good Luck!
@@ThinkTradeProfit thank you for taking the time to reply... I have at least noticed that I am able to trade extended hours on the website and will look into closing out and reopening active trader pro to see if that resolves my problem. Thanks again
Can we use direct route even i am not a margin account?
Hi
WinCrown OfTrading
Yes. You can use Direct Routing with a Cash or Margin account.
Can you day trade on fidelity? And how many day trades are you limited too?
Hi Thien Nguyen,
Yes, you can day trade, but the limitations are the same across all the US Brokers. You'll run into the Pattern Day Trader rule if you trade more than 3 day trades within a rolling 5 day period. They will ask you to bring your account balance up to $25,000.
I have a fidelity and don't see any DAY+ options dag nabit! argh!
it's set for limit order and all is right i think???
I think you have it enabled now, but just in case there are some questions remaining. Orders in the pre-market session can only be entered and executed between 7:00 a.m. and 9:28 a.m. Eastern Time, and short sale orders are available only from 8:00 am to 9:28 am Eastern Time. Orders in the after hours session can be entered and executed between 4:00 p.m. and 8:00 p.m. Eastern Time. The Day+ setting will only be available during these timnes. Good Luck!
I have noticed many bugs and slow performance with the ATP platform. The interface is clunky and missing features that other platforms such as Think or Swim excel at. It's a 20 year old 32bit app and Fidelity confirmed that for me. After pushing them, Fidelity confirmed to me that they are aware of the problems and are doing a full rewrite which should be out 2022. Fidelity is a great firm to do business with however I can't wait for them to roll out a decent active trader platform. I also trade futures with Ninja Trader and the speed and operation is light years ahead of ATP for stocks. I'm really hoping Fidelity can finally put out a decent platform for us active traders. Thanks for your helpful videos!
Hi
Max Speed Media,
I agree. The platform is long overdue for modern updates. Ninja Trader is great, but of course, we have to pay for that. I had some automated stuff for e-minis long ago 😊. I hope Fidelity's full rewrite is successful. The Fidelity back-end is very good. thinkorswim is a great platform, but TD Ameritrade (and now the merger with Schwab) has had some troubles this year. Thanks for supporting the channel!
@@ThinkTradeProfit No problem. I purchased the Ninja Trader lifetime license to get the best rates and chart trader which is excellent. I use it daily. I'm hoping Fidelity incorporates similar features. Hoping for the best. Good luck with your trades.
I don't have the Day+ option even though I can do extended hour trading on Fidelity website. Do you know why?
Hi Keira,
It will only show during extended hours in the Directed Trade window as an option. You cannot enter extended hours orders outside of those windows. I would reload the layout after 7AM ET (or 8AM ET for Short Sells) or after 4PM ET. The dropdown menus change.
@@ThinkTradeProfit That's great. Thank you!!
@@ThinkTradeProfitWas wondering the same thing, thank you!
after i enable it in my account on my computer can i then use the app on my phone to trade in extended hours ?
also on the fidelity app the TIF only gives me the options "Day", "On the open" and "On the close" .. if im looking to trade in the pre market would I select "On the open" and also if im looking to trade in the after hours would i select "On the close"? Thank you
@@realjsample1417 Hi real jsample,
First, do the steps to get extended hours trading enabled. Then, use the mobile app to enter an hour during the extended hours trading times. "On the open" and "On the Close ARE NOT for extended hours. Don't use those. Once your account has extended hours enabled, you will have the option to put in 'Day+' orders. They are only alive for the extended hours session you enter them. That is what you want to use for premarket and afterhours, 'Day+' orders. personal.fidelity.com/webxpress/help/topics/learn_extended_hours_trading.shtml#whattypesofstockorders
@@ThinkTradeProfit i appreciate your time and response! Thank you
I enabled after hours but I don't have day+ on my tif
Hi Scott,
You will only see it during the times that Fidelity accepts extended hours orders. Fidelity accepts premarket orders from 7:00 - 9:28 a.m. ET, and after hours orders from 4:00 - 8:00 p.m. ET.
Is there anyway to see the EX hour G/L?
Hi Devin,
I think this is what you need. It will adjust the columns in your Positions and Watch List windows. Select 'Settings' then 'Positions/Watch lists / Groups' from the main nav or from the "Manage' drop down on any Watch List, select 'Add/Remove Columns'. imgur.com/zJbH6G3 imgur.com/wW3Xjzm Then select the 'Ext Hours Last' '$ Ext Hours Chg' or '% Ext Hours Chg' and apply those. imgur.com/aukrwns I hope that helps. Good Luck!
What app or software are you using to trade? My Fidelity screen looks completely different.
Fidelity Active Trader Pro. It is free. You can download here www.fidelity.com/trading/advanced-trading-tools/active-trader-pro/overview
You can check out my Day Trading Screen Setup video here czcams.com/video/9p_PRqFhah0/video.html
Can you comment to why many stocks are "kept in a range" regardless of good news / upgrades?
Hi Crime World Gauntlet
,
That's a tough one without looking at a specific stock, but some of the reasons may be:
1. Most analyst upgrades are late, meaning they upgrade the stock after it has moved already (like in the past week or two).
2. Then there is "news" that isn't very good or innaccurate or the details have been digested by those who follow the stocks carefully. (Hedge funds/Mutual funds have their own people for analysis.) This would include Motely Fool's articles and recommendations, and anything published by major media (Yahoo Finance, Barron's, even the Wall Street Journal). Their news is old, or the people "in the know" have already acted on the info.
3. Lastly, if the stock is not a big volume stock (say more than 2 million shares a day), then it is easier for market makers (and less risky) to have what they call "Sales Traders" call up funds that they have sold to or bought from before to take the other side of a new order to buy or sell stock that they may have received. For example, they receive an order to Buy 50,000 shares of PCTY from Fund A. PCTY only trades about 300,000 shares daily. They don't go into the market and start scooping up shares, because it would be easy to drive it much higher. They have their Instituional Sales Traders make calls around to funds that bought PCTY awhile ago (they are sitting on big profits, stock is up big in the last 6 months), and talk them in to taking some profits on some shares. Then they "cross" or print this trade between these two funds and take a small spread for themselves. This would keep the stock from moving very much.
@@ThinkTradeProfit Can you disable extended hours? If so how long before I could enable it again? Also how long does it take for Extended hours to be added to my account?
@@Sapientiaa You probably have to call Fidelity to disable it, but to enable you do in the web application, go to Balances tab for your account, at the bottom there is a link to 'Account Agreements', then on the pop-up look for 'Extended Hours Trading Agreement' and click the link and follow the instructions. I don't think it takes long if you answer their questions and accept whatever they present. Good Luck!
@@ThinkTradeProfit Sorry I was referring to the amount of time it takes for my application to process for both instances.
Hi Kent, I have a question regarding Good 'til Canceled orders in fidelity ATP. If i submit a Good 'til Canceled order to sell (limit order), would it sell in Extended hours (pre or after) when it my limits? How do I make sure to place a limit order beforehand to sell a certain stock so i dont have to wait during pre-after market hours? I had bad experience with a specific stock (NIO) plummeting after hours before I could sell.. in other words, what is the best way to set up stop loss order in advance for extended hours? I did not see this in your video.. could you please clarify for us?. Once again, Thanks for your help and your videos.
Hi TB,
The GTC orders will only have a chance to be executed during regular market orders (9:30-4:00 ET). Unfortunately, you can only use Limit Orders during extended hours. You cannot use a Stop Loss order (same at Robinhood, TD Ameritrade, and Schwab, and probably more brokers) during extended hours. Extended hours is much riskier, more prone to manipulation because of less volume. The best you can do is watch a position during extended hours and keep up with any news or earnings that might be reported during extended hours.
@@ThinkTradeProfit Thanks Kent very much. I have been watching your videos for hours and learning new things. Thanks a lot once again. Another question for you if you don't mind, Is there any way to place a limit (sell) order in advance for the extended hours with fidelity?(say the night before for pre market or during day for after market) . I want to make sure to protect the profits or tat least the main capital before stock plunges. Most of the time I am not infront of the computer during extended hours. What is the best method? Thanks in advance Kent.
@@tanbaykal Unfortunately, you cannot enter an extended hours in advance of either session. Fidelity accepts premarket orders from 7:00 - 9:28 a.m. ET, and after hours orders from 4:00 - 8:00 p.m. ET. The orders that you place only "live" for that extended hours session, the morning or evening.
I have an idea for you to try. I'm not certain these work during extended hours but you can test. I used them before for emails or texts. You could set an Alert with Fidelity at a price level that you would want to stop out at. Then they email or text you, and you can take action on mobile with a Limit Order. www.fidelity.com/viewpoints/active-investor/4-ways-to-use-alerts
@@ThinkTradeProfit Thank you Very Much for your help and your answers.. I will set up the alerts using the link you provided... Also in your videos I see you mention VWAP often, I saw the VWA indicator in ATP. is that what you are talking about? it brings a VWA line on the chart when I add the indicator. Also please let us know when you find a screener with relative volume that works. I was just watching your screener video now.. Thanks for all your help once again Kent..
Hi Think Trade Profit I'm not sure why mine is that not show Day Plus
Ensure you have Extended Hours Trading enabled in the account. The Day+ will only display during Extended Hours trading times. 7:00AM ET to 9:28AM ET and 4:00PM-8:00PM ET weekdays. You cannot enter Extended Hours outside of this time.
Can you trade SPAC Warrants during premarket as well?
Hi
MunJun Byun,
I think you can. For example, I see a lot of volume on CCIV/WS in Active Trader Pro during extended hours. It is the weekend (and a holiday), so I cannot test the theory by putting in a Day+ order. imgur.com/W36cJYC
@@ThinkTradeProfit Thanks! In a case like CCIV alot ppl buy during premarket hours, what is the tactic to get my orders fill? Should I put my order alot ahead of current ask?
@@gamechanger4855 Yes, that is one thing you can do if things are moving quickly. Be careful though. Ensure the spread (difference between the Bid and Ask) is not too large. I haven't watched CCIV, so I am not sure how it trades in pre-market. You could also try to buy a pullback with a limit order instead of the breakout move upward. Trying to get a price below the current bid or slightly lower. You could try to catch it as it breaks through round numbers expecting it to go higher. For example, if it was trading right below 18 and you expect it to go higher, load your order to buy with a limit of 18.05 and send as soon as a trade shows in Times & Sales above 18.00 (18.01, 18.02, et.c), send your order.
If I enabled it on the web can I buy through the app?
Hi Sergio,
Yes! When entering an order in the app, choose 'More trade selections' at the bottom of the screen, then toggle the Extended Hours Trading switch for Extended Hours trades. Good Luck!
@@ThinkTradeProfit thank you! It shows up only during extended hours
@@sergiolopez1855 Yes, I just checked for you also. Fidelity accepts premarket orders from 7:00 - 9:28 a.m. ET, and after hours orders from 4:00 - 8:00 p.m. ET. During these times should work. Good Luck!
You don't say how to get to this screen, where is it?
Hi Doug,
To sign up for Extended Hours Trading, login to the website (not the mobile app). Select your account from the side navigation. Then click the Balances tab (near the center of the webpage) for that account. At the bottom of that screen. look for a clickable link 'Account Agreements'. Select that. In the popup window, look for 'Extended Hours Trading' and click there to start the process. There will be some things to accept, but should be able to enable without a phone call or any other action. I hope that helps. Good Luck!
Let me add a comment about my recent experience here in June of 2022. I've recently turned to the dark side and am in the process of learning to accept a sell when it's a sell". Not doing so has cost me money in the past and I'm digging myself out of a few holes and here I am.
Last week in normal trading hours, I ventured into a stock I had previously traded in 2021 I guess I was bored. I took a short trade of about 20X (2000 shares) the average lot size (about 100 shares) on currently low volume stock of an equity that is choppy to bearish momentum, in my opinion. I did some quick calculations, looked at the expected move, the deltas of corresponding options, etc. I tend to overanalyze, but I like to look at many variables to have as much data before deciding on placing a trade. When price moved up to 15-minute high I put a short bid out there to see if it would get filled, and wham it surely did! The larger lot actually moved the market higher... to my surprise. I knew that I was likely to possibly cover this trade with an ITM monthly put so I knew my calculated break evens should I need to hold this trade to expiration. Then price kept moving even higher so I white-knuckled it that day. Normally this stock can move about .60-$100 depending upon activity in the past, so I kept waiting for big dips my way, to no avail. Price moved higher to another level and I scaled into my trade by doubling up on the short to dollar cost average. The same thing happened, moving the market a bit higher than my fill, this time just a few cents. I was eventually able to close part of the position for a small win. The next day I was able to short the stock again by scaling in and price began to fall according to my devious plan. It did what it was supposed to do and I had winners all the way around. No puts were need. Patience and deep breathing exercises allowed me to hang in there. I've learned to hedge these type of trades in case things go awry. These markets are so choppy and I keep extra cash around to utilize and offsetting a position with options to balance out the position.
Can we do this on the app?
Hi Tray Tray,
Yes! You can trade extended hours on the mobile app. www.fidelity.com/trading/mobile-trading Be sure to get extended hours trading enabled ahead of time. You will have to login to the web app and go through the steps shown at the beginning of the video. Good Luck!
@@ThinkTradeProfit Thank you brother
Is there an extended hour broker charge?????
Hi Dragonfly,
No. There are no charges or fees for placing extended hours trades.
@@ThinkTradeProfit
Thank you
Yes, extended hours trading is risky. I mostly use it for viewing what is going on beyond the day and have traded in it. I find it more useful for long investment enter and exits vs day trades which can turn on a dime and very hard to enter in time of breakouts which typically start in forex time to the time before Fidelity opens premarket (delayed more than other brokers). Trade armor is unusable IMO.
Hi Crime World Gauntlet,
I agree on all counts. I don't do a ton of pre-market or after hours trading. The Trade Armor feature is a good idea, but its implementation is not very good. Too slow and clunky for me. Thanks for the support!
Totally agree that Trade Armor is most unusable. See ny previous comment about the new ATP platform coming out.
I heard Fidelity may restrict trading if there are too many trades. Have you ever had problems with Fidelity?
Hi Xiaochuan,
No, I have not had problems. I don't think I ever had more than 200 trades in one day, but I have had multiple days with more than 100 trades. You should be aware of the Pattern Day Trader rules. Maybe this is what you are thinking of? www.fidelity.com/learning-center/trading-investing/trading/day-trading-margin All U.S. brokers are required to enforce this rule created in 2001. If a margin account does more than 3 day trades in a rolling 5-day period, it must maintain a minimum balance of $25,000 at all times, or it becomes restricted. There are various suggestions on the web for getting around the PDT rule like this - www.warriortrading.com/how-to-get-around-the-pdt-rule/ I hope that answers your question. Good Luck!
@@ThinkTradeProfit thanks for your kind reply!
Ken missed your videos. U good? I realize making vids are tough. U a member on fidelity facebook? I can hit u up there.
Hi Michael,
Thanks for checking in. I did experience some "burnout" from making videos, but I have some new ideas that I am excited about. More to come soon. I have also been working a side business with some friends (not financial markets related). I'll check out the Fidelity Facebook group. I wasn't aware of it. Good Luck!
@@ThinkTradeProfit Good luck on the new adventure.
Welcome back. U must be making too much $$$$ to do video. Lol. Have u heard of the ticker QYLD??? It an ETF that invest in cover calls. Could u go over the options menu and the works on it ???
Hi Amy! This is very interesting (QYLD). I did not know about this. I am going to definitely take a deeper look at this.
@@ThinkTradeProfit hey let me your thoughts on it please
Have small positions of QYLD and RYLD in my Roth IRA. Great ETF's for monthly income. Happy New Year, Kent. Good to see you posting again.
Those look like bull flag patterns.
ah extended hours enabled.. stupid who wouldn't want that
You can’t sell a stock you bought with cash in the extended hours the same day, huh? Can’t wait to get 25K
You should be able to if your deposit has settled. You just can't do it more than 3 times in a rolling 5 day period or you get a PDT designation on your account. I hope that helps. If your account is super new and they credit your account, but the funds haven't cleared. Then, things get weird.
@@ThinkTradeProfit how long does it take to settle? you rock by the way!
@@latinobacon I know the initial deposits have been taking longer to transfer in depending on your bank or other broker. Did you get a 'Good Faith' violation? www.fidelity.com/learning-center/trading-investing/trading/avoiding-cash-trading-violations
@@ThinkTradeProfit Nope, the only way I can figure out how to buy with cash on my brokerage account is to go through the app, it just defaults to margin on active trader. know how to get around that?
This is not helpful. Data must be missing.
Hi Money Body and Style,
What is missing that you need help with? Do you have an account with Fidelity? Do you have extended hours trading enabled?
@@ThinkTradeProfit I was able to figure it out, a few steps not on the video had to be performed but, thank you for checking in. Was trying to place my first extended hours trade and fidelity or the videos i saw were not helping a rookie like me trying to trade aftermarket.