Fidelity | Active Trader Pro - Day Trading Setup
ฝัง
- เผยแพร่เมื่อ 22 ส.ค. 2024
- In this video, I share my Active Trader Pro day trading layout with suggestions that could improve your performance.
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Topics include:
1. The five windows that should be in every layout.
2. Optimizing Orders, Positions, and Closed Positions windows for readability.
3. A look at the Directed Trade window with Level 2 / Times & Sales and shortcuts.
4. Placing critical windows logically near each other to improve response times.
5. Maximizing your screen "real estate".
RESOURCES & LINKS
HONEST REVIEW FIDELITY | TRADING AND INVESTING
• Honest Review Fidelity...
FIDELITY | FAST TRADES - ENTRY AND EXECUTION
• Fidelity | Fast Trades...
FIDELITY | STOCK TRADE TRADE PRICE IMPROVEMENTS - HOW MUCH $$$ CAN YOU MAKE?
• Fidelity | Stock Trade...
FIDELITY | TRADE ARMOR - TUTORIAL & REVIEW
• Fidelity | Trade Armor...
Having a favorable or comfortable setup can play a big role in helping you make consistent profit.
Well said, using the best set up for you is not talked about much.
Adam Muller I have tried using different setups I am yet to yield profits, can you assist me in anyway?
Adam Muller what trading setup do you use? do you trade independently?
You have to add a bit of experience in using some setups that is why I rely on the experienced CONS. Edwin Earl and his trading strategy to make me profits.
I keep seeing CONS. Edwin Earl recommendations on several platforms, can you assure me he is reliable?
Who else is here because of how Robinhood & TD Ameritrade pooped on Retail Investors?
FFFFFFFFFFUUUUUUUuuuuuuuuUUUuUUUuuuUUuuUUUuuuuu-- Robinhood!
I have had an significant increase of subs and have answered many more questions on Fidelity's reddit since that craziness.
That would be meeee
Investments are the stepping stones to success especially if you been guided by a professional broker or Investment manager like Mr Mahabub
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i started as a beginner making some little mistake i have no knowledge of but now i have graduated making more profits by the help of Mahabub
He's obviously the best, I invested 2000USD with him within 14days I made profit of 9,800USD
great skills and knowledge about the market. I enjoy full profits and easy withdrawal with no complains, trade with the best.
I have been scammed by many others believe me I thought all managers were scams but Mr Mahabub is a good manager thank you sir for assistance .
This was great. It couldn’t have come at a better time. Clearly you have it 100. % figured out. Thanks for sharing your knowledge.
Thanks for the support North Jersey Kevin. Glad I could help!
Trading effectively entails a greater deal of skill and perseverance. Ultimately, the best and only productive option I chose was contracting an expert funds manager. With his help, I’ve been on a long profit run
with the trading market constantly with new features, trading opportunities, financial swings and big sudden surprises around the corner opting for the aid of a trade expert is usually not a bad idea
Hi Betty, how do you go about your trades with your fund manager...I need professional assistance in my struggle with series of reoccurring losses
@@MBest-ty3zs He goes by the name Ronald B. Furey and provides an investment management service where he trades on my behalf among other investors on his clientele list with his superior expertise giving me a much better standpoint and chance of earning colossal profit returns. This way it creates room for a more efficient and profitable trading process
@@MBest-ty3zs You can reach out to him on what s app
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This would’ve been awesome if you started from the very beginning of opening a new account where the default features window shows up
Great video but I agree. I don't know how to move everything in place.
@@michellemoquin Hi Michelle,
Try starting a new layout. Go to Layouts > New Layout, give it a name. Then go to Charts > and select an existing one from that menu. Go to Trades & Orders > Directed Trade & Extended Hours. Finally, go to Accounts > Positions. You should now have 3 windows in your new layout. I like to "float" screens". Right-click on any of the three new windows you should have now. Select 'Float Window'. You can now move that window outside of the big "green" Fidelity main menu frame. You can place wherever you like, even across multiple monitors. Repeat with the other two windows. Back to main menu, Layouts > hover over the name of this new layout and select 'Save'. Now this layout is Saved. Back to Layouts > look in the drop down for your layout labeled with (Default) after the name and select that. Now, you're back to whatever is your normal login layout.
When you're feeling adventurous, go bacl to the newer saved Layout and play around some more. Just remember to Save often if you like what you have created. Try multiple chart windows, try adding a watchlist or two.
I like the way you’ve explained why the layout works for you. Anything you can do to keep yourself focused without hunting around for things and keep distractions to a minimum takes some stress out of your day. Thanks for the videos👍 some useful stuff.
Hi lmhulett,
Thanks for the positive feedback. It's a really important topic, customizing the layout to what works best for you, and the orders you enter, and the speed and frequency with which you enter trades. Too many people focus on the drawbacks of the Active Trader Pro platform, instead of optimizing/customizing it the best they can. I still believe that the trade executions from Fidelity are the best around, though we definitely deserve some quality of life improvements and upgrades. Good Luck!
Once again, the only good FATP videos on YT. Thanks!!! You should get a really good microphone and keep making videos! What I've noticed in the trade realm of YT is that you have the popular guys that pop up everywhere, but the actual quality (you) are harder to find. Thanks again!
Great video! I was actually thinking of leaving Fidelity because of the setup but I just didn’t have it done correctly and didn’t know everything it could do. Your video helped so much, thank you!!!
Hi Pixie Ducks,
I'm glad it was helpful. It is good to know about all the "tools in the toolbox". This may be helpful also, if you haven't already seen it. th-cam.com/video/76jdgFOsJFk/w-d-xo.html Good Luck!
As someone who is new to this, I really appreciate how you're showing us your trading setup and going in depth of all your actions. Other channels either talks about it with screen shots or going through it with a lot of screen editing. You got yourself a sub.
Thanks iNNoCeNttDReAMs! I am glad it was helpful. I appreciate the support.
I am as well, but unfortunately, hes not saying where the menu choices are, (go to actions, drop down to XXX , Ect) Just naming the winnows, guess im too new.
You sir, walk among the Jedi. For some reason, after an exhausting day, I'm up at 3a.m. building my ATP screens for tomorrow.
Thank you.
5 hours later, I've watched the video another 2 times and have structured my system exactly as you have. Still trying to wrap my head around the ATR and W%R indicators and how they help guide one's decisions.
@@StevenVelasquez
Hi Steven,
Thanks for the positive feedback! ATR is mostly for position sizing and/or how far away I want to have a stop loss. At the open, the ATR's are larger, so I either need to 1) scale down shares per trade and keep my stop loss wider or I could choose to keep a larger position size and a tighter stop loss. For scalping, I don't like when the ATR is > .40 on the 1 minute chart and I trade the same 400 shares of PYPL or FB that I would trade with a tight stop loss of 0.25 or less. It's a quick indicator for me to glance at with a lot of screen time under my belt to say "this stock is trading normally" or "this stock is getting more volatile than ususal". The Willians%R is more an indicator of overbought and oversold, but I usually pay attention to when price has stayed overbought or oversold for a few minutes, not just the first cross into overbought or oversold territory. I hope that helps. Good Luck!
Excellent. I have been using Tradestation, but have a Fidelity account and am considering closing TS and moving those assets to Fidelity, this was helpful in evaluating the desirability of doing that.
Hi Lloyd,
Tradestation is an excellent platform from what I have seen on TH-cam, but I have never had an account there. I'm glad the video was helpful. Good Luck!
Thank you... I use Street Smart, TOS and recently Active trader pro. I was getting quite frustrated with ATP. This showed how it functions differently and the pros once it is actually configured efficiently. Thanks my man, much appreciated.
Hi Al, Thanks for checking out the channel!
Your video is excellent!! I use it all the time.
I would say that for anyone using Fidelity Active Trader Pro; this video is more helpful than ANY from Fidelity!
Thanks Fernando! I really appreciate the positive feedback.
@@ThinkTradeProfit you have no idea HOW MUCH I learned from your video! I have gone back and forward with my FATP open at the same time! Thank you for taking the time. I am looking for your other videos. How did you manage to use 2 monitors with FATP? When I float the menus and try to drag charts or other
to the other screen, they are not responsive. Just good to look at...
@@fernandogamez4102 hmm... I'm not sure why things aren't working for you. With my setup, I "float" everything outside of the Fidelity ATP "green" frame/box thing. imgur.com/Mewaoo3 I do it keep it down low on one of the monitors because the Cancel Orders confirmation pop-up appears inside it.
@@ThinkTradeProfit Hello, I will bug you... Could you tell me, how do I set a new purchase and at the same time set the exit. For example: I buy one share of AAPL at Mkt, then I want to Stop loss at 15% under and Limit at 20% up. How do I do it? Or do I have to execute the purchase and then in a new ticket do the selling?\
Would it be a OCO with Trailing Stop % on the buy side, then trailing stop % not the sell side?
Major under-rated channel. Thank you the info on Fidelity.
Hi dcarsondavis,
I appreciate the positive feedback. Thanks for the support!
Appreciate all your Active Trader Pro videos. You are providing a valuable service. Fidelity should be producing these types of videos but I suspect their target market is not the beginner trader. Even the Fidelity TH-cam channel is lacking in certain basic content. While the TD Ameritrade channel has tons of videos breaking down what you need to know. You made me change my Active Trader Pro layout a lil bit, LOL, I thought I was ready but missed some key features. Once again thanks for the content.
Hi ChocolateModelsOfficial,
Thanks for the support and the positive feedback. You are right. Fidelity could definitely do better supporting Active Trader Pro education. Good Luck!
Thanks for the run down as I was becoming super frustrated with the layouts of FT Pro!
Hi Jason,
Glad I could help. Thanks for the support!
This was helpful. I set up my active trader pro like this.
Hi Q Element,
Thanks for positive feedback. I'm glad it was helpful. Feel free to reach out with any questions in the Comments sections of my videos. I try to answer all of them in time. Good Luck!
Just started an account with fidelity last week and your videos have been a great help!
Hi Isaac,
I'm glad they have been helpful. Welcome to the Fidelity family.
i trade OTC and TDA charges 13.90 for a round trip. i’m swapping brokers for this reason alone. one day trade a day is 3,500 a year. Your videos helped me feel confident leaving TOS.
Hi Aaron, Thanks for visiting the channel.
Hello! Very recently found your channel (mainly because of ATP) and have been enjoying your videos. You have great explanations and the biggest take-away for me was using the Directed-Trade to execute orders faster by making custom buttons. I must confess that I have been mostly using market orders in-and-out for scalps as I just can't enter the numbers fast enough to get a reliable entry or stop; I had the same issues with Trading-Armor. So, before I was using pairs of the standard trade-tickets to set up for buy and sell. I have been burned a little with slippage but by the time a I get all the numbers punched-in, the trades 2/3rds gone. Also, appreciate the advice and insight for new traders. So, thank you very much!
Hi SpinStar1956, Glad this has been helpful! Directed Trade is the way to go. Thanks for supporting the channel.
Ken, thank you very much for your response. I did forget to tell you that I’m actually using two directed trade windows. The first one I set up for the buy, and the second one I already have populated ready to hit preview for the sell so that I don’t have to fumble around resetting and repopulating the first window. And we’re definitely looking forward to all of your new-content and archives!
hey man, good to see others day trading with fidelity! its so much cleaner than TOS in my opinion. PS Great tips with the directional trade setup. tweaking first thing in the AM!
Thanks for the positive feedback Sean. Good Luck!
Awesome. I use this platform on a Mac. Does not run as smoothly as a PC but it’s okay. I have my setup almost like yours. I also use Trading View for VWAP. I had no idea you could link or save charts. So helpful. I also didn’t know that you could change the settings on the directed trade window. Wow. Thanks so much!
Hi Samara, I'm glad it helped. Thanks for supporting the channel!
Very insightful, tyvm! I play online poker and listen to Synthwave when I need to focus. I see a lot of similarities in day trading, this could be my new fav thing :)
Hi Brick Fist Pow,
There are definitely a lot of similarities. Many of the skills are transferable (make the best plays, know your expectation, and profit over the many trades).
haha i was using the website to trade and was constantly refreshing the price and manually inputting the values. thanks for this
Hi •Sm0k3•,
Yes, this will definitely help give you more real-time pricing. Good Luck!
This was so helpful, thanks so much!
Hi Daniela,
I'm glad it was helpful. Thanks for supporting the channel. If you are new to Active Trader Pro, this video shares what I've learned about setting up, drawing on, and saving different charts - th-cam.com/video/76jdgFOsJFk/w-d-xo.html If you have any questions, feel free to put them in the 'Comments' of videos. I try to answer all of them (in time). Good Luck!
Having Melissatradeservice as my broker had really changed a lot
Melissatradeservice gmailcom
She’s also my broker and her management services is top notch
My earnings with this broker has been so helpful during this Christmas
@@jensenchristie7655 she was my savior during the lockdown
I met Melissa Anderson on a conference held in UK and I started trading with her ever since then I have made a good profit from Bitcoin
I have been using Fidelity for a bit now and I really don't like that they do not have hot keys. (50% Lot / 100% Lot / Close Position / etc.). The order execution is good but the interface could use some updating. I ended up using Autohotkey for a work around which is nice to prevent the need for the mouse but still not as nice as built in functionality. Basically mapped buy, sell and place order to hot keys, buy and sell Autohotkey scripts highlight share size so that I can quickly enter the share size or just use the default I have set in Fidelity. Figured I would share the Autohotkey work around option just in case anyone else did not like having to use the mouse, type then use the mouse again to place an order....this allows it to all be keyboard driven.
Hi Chris,
Thanks for sharing that. I experimented with something similar using AHK. I tried having some keys tied to ticker symbols that I was watching that day, and had it flip the charts (and Level 2 was linked). It was ok, but I agree, ibuilt-in functionality would be so much better. Rumor from some subscribers that have connected with Fidelity developer teams - there is a complete re-write in progress. New software takes time though.
Awesome video thanks again. Fidelity is saving my life lol I’m done getting pooped on by commissions
I just subscribed :) Thank you for sharing your knowledge.
Hi Al,
Thank you for the support!
Thanks for your great videos. I really enjoy learning about ATP from your videos than Fidelity's training videos.
There is definitely room for improvement on Fidelty's side. They need more-in depth training videos. I can give them kudos for their free live seminars. I went to one out of curiousity and research purposes. www.fidelity.com/learning-center/events/overview It was better than I expected.
Just what i needed..!! Thanks!!
Fidelity finally added VWAP to ATP! So now you can see it directly on your chart
Thanks for this it really help
. looking forward to trying things out now I have an idea what's what. Wish they had paper trade to make sure I have it down before jumping in but you have to get your feet wet sometime
Very helpful, thank you
Hi CigRacing,
I'm glad it was helpful. Thanks for supporting the channel!
Great video, have been doing some swing trading but looking to dabble in day trading after reading a couple books. Your video helped translate a lot of that to the fidelity platform. One question though, does Fidelity have a simulator? Would prefer to day trade in a simulator for a while first.
Hi David,
Thanks for the support! Unfortunately, Fidelity doesn't have a practice account or a simulator. The closest thing I have seen is their demo signup offer, but this is very limited with delayed data. rewards.fidelity.com/RFI/signup/active-trader-pro-demo
Awesome stuff. Thanks for the vid.
Thanks for the support
Kamau 5!
I need help: I use LIFO, but Active Trader Pro messes me up when day trading. Let’s say I buy stock xyz @ 9: 30 and sell it at 9: 40 and then I buy and sell the same stock again @ 10, it’ll use my 9: 30 lot for my sale @10!
I know I can specify lots, but I don’t always have time for that. What can I do?
Hi SanneTraum,
You can change the preference for each of your accounts, login and go here - oltx.fidelity.com/ftgw/fbc/ofaccounts/convertCostBasisMethods
Landing page and choices - imgur.com/a/u6pABez imgur.com/a/6Ih1P46
I am fairly certain most of the big brokers have defaulted to FIFO (Schwab, TD Ameritrade, Ameritrade, Datek, IBKR, Vanguard). I don't think you can make changes to any stocks already traded and settled, but it is worth a phone call. Good Luck!
I truly rely on your videos. I use ATP for my day and swing trading. Of the many challenges there are to trading, order entry is monumental for me. I’m getting faster at it in some areas but I’m also getting stuck in the mud even after hundreds of orders placed under my belt. Do you do any coaching or training in ATP etc?
Hi Andy,
Thanks for the support! I don't have any coaching or training programs, but I am curious about what you may be struggling with. I assume you have some shortcuts setup for your most common order types as seen here - th-cam.com/video/nq6oUospoiE/w-d-xo.html . For swing trading, I think Trade Armor is good because of the "set it and forget it" approach. You may want to get comfortable with all the conditional order types, Buy Triggers Bracket (OTOCO) comes to mind. imgur.com/cr5Zws8
@@ThinkTradeProfit By that you mean that it crashes every so often? Like once a day! Complete garbage! Quit leading the lemmings off the cliff!
Looking great! I tried to download on my Apple M1 chip but it's not looking so hot right now. I had Fidelity for quite some time right now and started to trade as a hobby.I just wish they had a better app version with a live chart. I have a couple questions for you if you don't mind.
1) Does Fidelity fill in orders the best out there? I heard this somewhere but wasn't sure if it's true
2) I know it's different on how you trade but do you feel like you are missing out on earlier pre-market hours?
Thank you!
Hi JC W,
If I understand your first question correctly, then yes. I'll say confidently that I believe Fidelity's fills on orders are among the best of the $0 commission brokers. With some paid brokers (Lightspeed, Tradestation, and maybe Interactive Brokers), I would guess that the fills are nearly the same, but those platforms have fees for platform use, real-time quotes, AND commissions. I base this on 2+ years experience with Fidelity ATP. I have (or have had) other accounts at TD Ameritrade, Schwab, and E-Trade. The main reason this is true is because Fidelity does not sell their order flow and their back-end routing is very good and they constantly monitor transactions to see who is giving the best trade executions. They make adjustments as necessary. Likewise, Fidelity has never had multi-day outages during critical times like other brokers.
For question two, no. I don't usually trade pre-market, because it doesn't suit my style. Most of the time, it is less liquid than regular hours, but with a stock with news and a lot of attention there can be good volume for people to trade. I used to work on the NASAQ market-making desk of a broker dealer. I would rather have a stock be trading actively with no news but good overall volume. It suits my scalping personality. I can do many trades during the day at what I believe are low-risk times and have a high percentage chance of being positive most trading days. I am not looking to find a low price stock in pre-market that is going to trade to high multiples during the trading day. With that, I will jump at insanely good "value" in pre-market with something that has interest that day AND a wide spread. Then I usually flip it quickly.
Hi Kent, thank you again for this tutorial also. Very good and clear. For windows on a Dell laptop would I download 64 bit ATP platform? Or the 32 bit one?
Hi Krisztina001,
The 64 bit download is the way to go. It will give you better performance. I hope that helps. Good Luck!
@@ThinkTradeProfit thank you kindly.
So helpful! THANK YOU!
Thanks Shawn! I appreciate the support.
can you buy limit and have a stop loss in one click in one of the short cut?
Hi Triet,
No, not in directed trade. They would have to be separate shortcuts. You can enter orders using Trade Armor and have a single order contain Buy Limit and Stop Loss, or Buy Limit, Stop Loss, and Profit Target. It's not as fast as Directed Trade entry, but it's an option. th-cam.com/video/V4mLwwJrPiU/w-d-xo.html
Is there a limit to trading? Someone told me day trading is limited to like 3 trades per day or week, I can't remember? But is that true? Any input much appreciated 👍
Hi Fullmoontv0704,
Yes, there are some limits if you have an account under $25,000 for daytrading stocks. You can only have 3 day trades in a rolling 5 day period. If you can swing trade, you can get around this. Or you can trade a cash account with Options and trade more. For Fidelity accounts, you should read this - www.fidelity.com/trading/trading-profile-help I hope this helps. Good Luck!
Thanks a lot for the excellent video.
Hi Raj, Thanks for the support!
So I floated my screens and closed out. When I logged back in my screen freezes and can't click on anything. any suggestions. already uninstalled and reinstalled but it looks like its trying to open the floated saved screens but you can't click on anything.
I'm not sure the cause of this. I would try arranging windows and charts again and save to a different layout name. I don't think you'll need to reinstall (again). I suspect there is some glitchy bad data or something. You can have many layouts saved. They are actually saved in the cloud on Fidelity's side.
Hi, is there a way to have a real-time Open P & L on your Positions in ATP? I can't seem to find it. I have a "Tdy G/L" column in my Positions but I bought a stock today & it doesn't say anything other than "- -". It never updated throughout the day let alone to the second. The feature I'm looking for is what I see when watching Warrior Trading videos on Lightspeed.
Hi JP,
You want to add the columns 'Unadj Short-Term G/L' to your 'Positions' and 'Closed Positions' windows. imgur.com/xPB6AO5 imgur.com/tpJUwKX That will show the real-time open P/L throughout the day on your open positions, and your daytrading P/L on the closed positions.
@@ThinkTradeProfit Thank you, that worked. Your videos have been very helpful. Now I just need to figure out why TH-cam didn't notify me you had replied to me! Haha.
Good luck getting this installed on Windows 10 without a security block.
Hi RKGSD, Thanks for visiting the channel. Check out these two recent solutions at answers.microsoft.com if you haven't seen them already. answers.microsoft.com/en-us/windows/forum/all/i-am-having-trouble-installing-fidelity-active/f378125b-3977-456f-9111-828ea08a9786
I'm not showing the "unadjusted purchase price" column when looking at it today (Sunday) Can you advise me? Excellent videos....thanks so much!!
Hi Phil Carter, Thanks for the support! You may have to add it, it's not there by default. Go to the 'Positions' window > select Manage in the upper right, then Add and Remove Columns, then find 'Unadj Purchase Price' and select it show it shows in tour Selected Columns. You can rearrange the columns after you get them in the window by dragging them around. Make sure you save your Layout when you have it the way you like. Screen captures to guide you along - imgur.com/z4TDiZJ imgur.com/h9Kb92Q
@@ThinkTradeProfit
Awesome. Found it.
Thank you!
Great video, thanks. Btw tradingview has a RVOL indicator.
Hi Ra Jassir,
Thanks for the support! I'll take a look at RVOL on tradingview.
Great info man this is fire 🔥🔥🔥🔥
Thanks David! I appreciate the support.
Thank you so much!!!
Hi Never Stop the Music,
I'm glad it was helpful. Feel free to reach out with any questions in the Comments section of videos. I try to answer them all in time. Thanks for supporting the channel. Good Luck!
Can you have more than one directed trade window open at the same time with the shortcut buttons set differently in each?
Only if you are interested in one of them being options-related, but you would need to have options enabled on your account (or at least one account if you have multiples). With that, you could have two different shortcut setups. Then you would open up 'Directed Trade & Extended Hours' with one shortcut setup and 'Directed Trade Options' for the second shortcut setup. imgur.com/8IBIDmz imgur.com/sh6u503
@@ThinkTradeProfit Thank you for the reply. I have Active Trader Pro and have been looking for ways to stay with Fidelity.
Hello. Wondering why you have a 'buy market' and 'buycovmkt' and a 'sell market' and 'shortmkt' in Dircected Trade? Is this just for a visual? Is this something you need to do in Fidelity since they do the same thing? I would imagine you can't have two positions open at the same time. This would free up 2 spots. Is Directed Trade the usual way to execute trades? Thinking of switching to Fidelity.
Hi Melissa,
Fidelity does require you to enter a separate 'Buy to Cover' order type for short positions. If you make a mistake (I have many times in fast markets), with a quick call to a rep, they can switch it to the appropriate Buy type in your account. You'll never be at risk if you complete either Buy order. Directed Trade is the fastest way to enter trades with Fidelity, in my opinion. The platform is very stable during fast markets and heavy volume and the price improvements that occur on your trades are the best among all the $0 commission brokers. I hope that helps. Good Luck!
In the directed trade window, how do you get a PLACE button instead of PREVIEW?
Hi Mark, Thanks for checking out the channel. Go to Settings > Trade > and select the 'Skip Preview' checkbox imgur.com/uMR70Oj
Can you move the chart left and right and zoom in/ out with mouse. Only thing i dont like about tos
Apologies for missing this question previously, Yes to both, with the mouse. Good Luck!
Wow nice video
Most time having acknowledge or insight about a particular activity can aswell be a pleasing exercise.i can boldly say forex and crypto trading is one of the profitable money exchange services that elevates investors and their financial status
Awesome. Thanks!
Hi Michael,
I'm glad it was helpful. This one is good also if you haven't setup stock shortcuts - Fidelity |Fast Trades Entry and Execution th-cam.com/video/nq6oUospoiE/w-d-xo.html Good Luck!
how do you make a blank space in the chart to the right for projections?
Hi Craig,
I believe that TrendLine, SupportLines, and ResistanceLines using the Draw dropdown on the chart extend "forever". The Fans and Arc may also. With those, you don't need to drag the chart to create blank space.
is there a window that shows you the max amount of shares you could buy with the amount of moneys you have. for it to do the math for you and give you a max amount of shares from your accounts position
Hi James,
Unfortunately, not in Active Trader Pro. I usually keep a calculator close by. If you are using Margin, there is a Margin Calculator (Go to Trade & Orders > Margin Calculator, then enter the transaction Buy or Short Sell). It may be a little confusing until you get used to it. You could use something like this in a browser on the side - goodcalculators.com/stock-calculator/ Just put in the number of shares and the purchase price, leave the other fields blank, hit 'Calculate' then look at the results for Net Buy Price and compare to your account value. Good Luck!
Make more videos!
This layout is pretty nice. I have really been trying to like Active Trader Pro but after using TradeStation and Think Or Swim, it feels very outdated and clunky in comparison.
thinkorswim looks pretty (I have a second account there), but TD Ameritrade's backend has been so unreliable this year (system down, problems cancelling orders, very late fills on cancelled orders). I agree with TradeStation, definitely a professional platform.
@@ThinkTradeProfit yeah, a lot of issues with TD after they went commission free, main reason I left. I was trying to consolidate all my accounts into Fidelity but ATP is just not cutting it for me, think I’m going to take my day trading acc back to Tradestation and just deal with multiple brokers.
@@dannyramos5699 Hi Danny, QQ how is ATP deficient for your day trading? What type of strategy do u use? I'm new and value your insights.
Hi, I want to ask two questions: 1- How long has this broker been in the market? 2- Does this Active Trader broker pay honestly? Thanks, Anna
Hi Anna, Fidelity Investments is one of the largest investment companies in the world. They have been around since 1946. There are no problems with payments. The customer service is excellent. They offer accounts for all kinds of things like stocks, retirement, banking, health savings account, etc. On this list they are #5 in the world. www.thebalance.com/which-firms-have-the-most-assets-under-management-4173923
Anna Guimarães you have never heard of Fidelity? It’s a stock company that has beeen around since we were born. They don’t pay you anything; it is a stock trading platform. You should learn about stock trading before you start stock trading; and don’t follow anyone on TH-cam because I guarantee you will lose all your money...... start small by investing in companies that will never disappear like Amazon, Facebook, google, Tesla, Apple.... I hope you get my point..day trading is for desperate people that 100% will lose their money.
@@greekmike3040 Day trading is very similar to poker in that 90-95% of people/players are losers. However the 5-10% of the winners are professionals and they make a great living because of the fact they're making that money from that high % of losers. The key term here though is professionals. You can't expect to earn a living day trading(or be a winning trader) without being an absolute professional in your trade. That includes hours upon hours of studying and months to years of honing your craft without going broke in the process. Most never have the discipline to get to a level of success before giving up though. So you're mostly right however you're wrong saying that "day trading is for desperate people that 100% will lose their money". You need to replace that with 90-95% will lose their money. But for the disciplined willing to actually put in the work it can be a very viable career. Regardless of what you do though you should be building a long term portfolio and only day trade using a simulator until you prove to yourself that your strategy is profitable before trading real money. Then once you are trading real money start with small position sizes and prove your profitability before increasing to larger sizes. I myself prefer swing trading and position trading which I think is much easier for a beginner to learn. Still takes knowledge and patience. Many beginning day traders lose money even on stocks that are trending hard because they hold their losers too long and sell the winners to fast besides often not having a clue what they're doing in the first place. Swing trading and position trading takes that precise execution out of the equation and allows you to act a bit less emotionally because even with a good strategy it's your emotions that are usually the most detrimental to your success for day trading.
Thanks for the video and for share your trading layout.. I have a question. Do you know if you can watch live TV in Active Trader Pro?
channels like CNBC, BLOOMBERG, etc?
Keep it up you doing great videos about fidelity program thank you.
The only way I know how to do this is from a web browser window and direct it to the web live channel for MSNBC, for example. www.msnbc.com/live In ATP, you can go to News & Research, select Additional Resources, then pick Yahoo Finance. This opens a browser window within Active Trader Pro where you can replace the URL with www.msnbc.com/live or whatever you like. Then you have it within the Active Trader Pro format and can organize your Active Trader Pro windows.
Got it thank you again
@@PlacetoLaugh Bloomberg TV live is available in ATP under the News & Research tab. It is the 3rd option down.
Thanks for the information.
Thx for the video. I wanted to see Fidelity trading pro cuz I just switched over from Ally.
Here's a question if you don't use the vix, how can you possibly calculate the expected moves...?
Trading stocks without understanding options is a for sure way to failure...!
Hello, really enjoying the videos, I'm a new day trader, only going long on large caps, i noticed your TraderVue said "don't trade against VWAP & EMA, I can't seem to find VWAP on Active Trader Pro? Thanks for any help...
Hi Steven, Thanks for visiting the channel! Unfortunately, they do not have it programmed into the charts as an indicator, but it can be added to watchlists. It is one of the select-able columns in 'Manage' (screen capture - imgur.com/XMt3XD8 ) We all want it on a chart, of course. I use www.tradingview.com/ on the side in a browser (the free account). It has a VWAP indicator (Go to Indicators & Stategies > Built-Ins > VWAP) imgur.com/bJU327I
@@ThinkTradeProfit awesome, thanks for the info...
Hi Ken, Thanks for all videos and information you provide. I was wondering, what's your take on how fast is the execution of a trade is on Fidelity platform? Currently I am using eTrade and more than few times, order executions were terrible and lost good amount of money on those. So I am thinking of switching to Fidelity. Thanks much!
Hi RiseOfTibet
,
Sorry to hear about the issues at eTrade. I used them more than 10 years ago. Most of Fidelity's executions are instant or sub-1 second. The worst I've experienced in the past year was a FB trade at the open when the market was gapped up huge. There was a trade that took about 3 seconds to fill. Other than that, the stability of the platform is very good. The executions are near instant. I scalp fast stocks with a lot of algorithms. I have had many 5-6 second trades (where I enter and exit within seconds).
@@ThinkTradeProfit Hi Ken Thank you so much for the detailed info I really appreciate it. Yeah I think its time to switch over, lost enough to realize that. Gracias!
Thanks for the explanations I've a question about how can you put the short cuts on the screen as you have it?
Your level 2 stock have the chart I just set up my trader pro today and mine does not show the level info like yours
Thanks for the video good info
Hi Martin,
What is not showing the same? Navigate to Settings > Directed Trade. That is where some different options can be chosen. My settings look like this - imgur.com/w3zF3Ya
Very good information sir.
active trader pro has a lot of options for customizing the layout, placing orders...etc but their backtesting tool absolutely sucks.
Your great. 💎
Hi Susan XYZ,
Thanks for the support! Good Luck!
Nice Video. really simple and efficient screen. i also use trade options. Do you have something similar to options? Also another problem i have is my set does not fit all in one screen. and when i roll with mouse the current tab move and i can't reverse to original position. Do you have any idea other the restore?
Hi Computerworks21
, Thanks for the positive feedback! I do not have options enabled on any my accounts. Unfortunately, I don't have a similar setup to share for options. When you have your layout across multiple monitors, you have "floated' all the windows (outside of the Active Trader Pro green "box")? imgur.com/Mewaoo3
In the positions window, where can I see the realized and unrealized dollars? This is a good indicator on when to sell
Hi Judy, You'll want to add the column 'Unadj G/L' to the Positions window. I use 'Unadj Purchase Price' also because it will average your position price correctly if you add more lots. imgur.com/z4TDiZJ imgur.com/xPB6AO5
@@ThinkTradeProfit Thank you, your videos are extremely helpful. Will begin to use Active Trader Pro next week.
Hi Kent, How do you get your time and sales window to reflect the colors(red/green)? I can't find it in the settings. Thanks very much!
Fidelity introduced a bug recently in an update and broke the red/green coloring of Times & Sales. A few members of our community have been asking Fidelity when it will be fixed. They said they will fix it in a future update. This video is a few months older. That is why you see it working correctly here. Frustrating for all of us.
@@ThinkTradeProfit thank you Kent. Frustrating indeed
Thanks for your previous response. I am looking into building a new trading computer. Are you up on building PC's? Wondering how big of a cpu I'd need to do all the things necessary..? 3-4 monitors, TH-cam. Email, video, audio .... are you doing it on just one computer? What size cpu are you using and video card for your needs?
Thanks!! Steve
Ps- and what size power supply? Ok. What are the specs on your computer if that's possible.... so much to think about..I've built 2 other computers, but this needs power!
Hi Steve,
You really don't need crazy specs or a new comp to trade, but if you are going to run 3+ monitors and browse the web, and maybe watch live streams... all of that uses memory and some video processing and memory. I'd suggest 16 GB memory, processor at least i5 or the AMD equivalent. Video card doesn't have to be amazing to run the Active Trader Pro stuff. I didn't build my machine, I bought this model last year around this time with the i7 processor (not the i5 as shown on Amazon), and got it for a decent price through Office Depot amzn.to/388wdiy
@@ThinkTradeProfit thanks SO MUCH..!!
Ken -- I'm having some issues at Fidelity with making rapid trades. If I enter a buy order, I usually then enter a stop order so that if the stock price drops rapidly, I don't lose alot of money. However, if you have entered a stop order, the system will not allow you to quickly enter a market sell order. So, I've had to go to the orders window, select "market order". The system then allows you to select "replace order". Has that been your experience? It's very inconvenient to enter a "market sell" order without going through all those steps. Any advice? Thanks in advance!
Unfortunately, I've had a similar experience. I believe the fastest way to have the protection of the stop and have a market order ready is: Place the stop order, then immediately cancel & replace the stop order, change it to market and have it ready to submit. The stop will be in place until you send. On send, the stop is cancelled and the market order is sent. I wish it were better.
Hi Ken, thanks much for this video, and the other ones too. While I've had a Fidelity account for years via my employer's 401(k), I never knew about this platform. There is little on the web about Active Trade Pro. I've been a long-time user of Thinkorswim, even prior to the TD Ameritrade acquisition. It's Mac-friendly, I believe the first platform to do so. I also use TradeStation and MultiCharts, which are not Mac-compatible. To what extent, if any, do you have experience with ATP on a Mac machine? If anyone else is using ATP on Mac, curious to hear your feedback, mostly from a stability standpoint. Thanks much.
Hi Tony, I know of at least one subscriber who had trouble with with Active Trader Pro on his MacBook. He said it ran slow compared to his son's Windows PC. This is a reddit thread that is not encouraging on the topic -www.reddit.com/r/Fidelity/comments/gav7n0/active_trader_pro_mac_version_having_problems/ It might be worth trying an install yourself though and see how it "drives".
@@ThinkTradeProfit Ken, thanks for the link. Discouraging for sure. I would like to think it's correctable, so I'll stay with Fidelity a bit longer, until I retire, then revisit this topic. Thanks again and best to you.
Thanks for going over your screen layout. keep it up really liking your videos. I have to ask what was behind the box that you were in.
Thanks so much! In the corner behind me is a small 5 Minute time-frame chart of SPY. I watch the 1 Minute SPY so much, sometimes I forget to think about the "bigger" picture". It's a reminder.
@@ThinkTradeProfit Thanks for posting this. I'm still trying to do the directed trade settings. When I do custom orders, it's not letting me do order types.
Thanks for the video, and thanks for speaking louder lol. What’s your opinion on Trade Armor? I like the moving scale you can use to adjust your brackets quickly
@@Made_28 I like Trade Armor though I haven't spent a lot of time using it. Because of my scalping, some of my trades are very short and price levels are very small. I found it a little cumbersome when trying to cancel and replace and get to exactly the price I want. It may be I just need more practice.
@@phitaumatthew Give me an example of what kind of order you are trying to setup?
Hello...under studies, does Active Trader Pro allow you to add historical dividend yield of a stock?
Hi Friend,
No, not on the Charts, but with your Watchlists you can have a column for Dividend and Estimated Annual Income. I hope that helps. Good Luck!
Can you go over how you added VWAP? Fidelity doesn’t have it. Thanks
Hi Jimmy,
I use a free accout of tradingview.com on the side in a browser. They have free real-time charts and an excellent VWAP indicator.
@@ThinkTradeProfit dude thank you! :)
Hi Ken, how do you save these setups onto a memory card in case my pc computer crashes? It would be a pain to redo all that work in setting these up. Thanks!
Hi Alex,
I do not believe it is possible. They are saved in Fidelity's "cloud" servers. I have had one issue in about 4+ years where my layouts got corrupted. The best I can suggest is to take some screenshots of your layouts that you like the most and store those. Keep in mind, your saved 'Charts' are separate from your saved 'Layouts'. I have never had an issue wtih losing Charts, chart templates, or saved chart "work". I hope that helps.
How's the execution speed for fidelity? Is it better than Ameritrade? Is that why you use it for day trading?
Hi Alex,
Yes, and the reliability of the platform and back-end is better. I really like the thinkorswim platform. I have a second account at TD Ameritrade, but I have never used it seriously. Too many issues, slow executions, problems cancelling orders, and late fills. Fidelity execution speed is very fast. No issues cancelling or replacing orders in fast markets or the open. Price Improvements are very good at Fidelity (fills better than the current bid or ask).
@@ThinkTradeProfit thanks! Do you have any group chat rooms for this page? Id love to join one. I trade mortgages and equities is still pretty new to me!
@@alexkim1211 Hi Alex, I'm sorry. I don't have discord or a group chat going yet. I'll let you know if/when that changes.
My portfolio is not reflecting after market changes. Am I missing something or Fidelity issue?
Hi Ska Kumar,
I think that is normal. The closing price of the regular market session is usually reflected in watchlists and portfolios.
What is to the left of the positions window, below the chart window?
Great video.
Hi Daniel, At the center of the bottom of the screen? That is the Orders window. From main menu select Trade & Orders > Orders
I'm sorry Kent. I meant to the left of the positions window, below the main chart. It's hidden by your webcam video feed.
@@danielherber9710 That is a 5 min chart of SPY. I use it to remind me of overall market trend.
Oh, I see. Thanks for the information. This video is an incredible reference to those interested in using Active Trader Pro. Thank you for taking the time to make it. I'm going to work on my setup screen today. 😎👍
@@danielherber9710 I'm glad it was helpful. Thanks for supporting the channel!
Thanks man! At the end when you're clicking the order buttons and you said it's a 2 step process, is that even with the preview and confirmation bypassed?
Hi Jesse,
Yes. Your have to fill the Directed Trade order ticket (using a stock shortcut) and hit 'Place' when you're ready. If you're watching a stock carefully and you know which order you are going to place next, then just pre-load that (shortcut market order or limit order) and hover over the "Place' for the exact moment you want to send the order.
@@ThinkTradeProfit Ok Thanks I thought that might be the case. Quality videos thank you.
Would you recommend over Thinkorswim? They’ve been giving me issues over the last 2 days and have got me looking around. Would you recommend it over TOS? I love TOS but it’s proved unreliable over the last 6 months.
Hi Adam, Yeah, I experienced some of the TOS trouble. I opened a second account there to look around. I created this vid about the Level 2 Quotes - th-cam.com/video/hDzOXwGovfY/w-d-xo.html I think you'll be in "feature shock", because TOS has a lot that Fidelity does not have. I would say to check out this video - th-cam.com/video/nq6oUospoiE/w-d-xo.html . This is how you would most likely enter orders. See if it resonates with you. Fidelity does have stability and is very trade-able at the open.
How do you separate the frame from the rest? If I have 2 screens is there a way to put information from ATP on both?
Yes. You can "float" most windows. Which means you move them out of the green frame and place them across all your monitors. Right click near the top border of any window and select 'Float Window' then move it wherever. Remember to 'Save' your Layout after any changes. imgur.com/Mewaoo3
@@ThinkTradeProfit Thank you. While you're here could you explain something for me? So, day trading. Is it 4 or more buy's and sell's of the SAME security over a 5 day period. So like, no buying/selling the same few stocks over 5 days? Maybe I'm missing something. I understand the 25000 requirement but I'd like to not go over the amount of trades I'm allowed.
@@DoodNoodle You can check the Day Trade Counter in the web app, Balances Tab > lnik near bottom of page 'Trade Restrictions & Vliolations', click that and the resulting pop-pop has a Day trading Designation secyion, expand that. imgur.com/Ay8EMsO That tells you where you are every morning. You can only do 3 day trades in a rolling 5 day period. You can have them all in one day or spread around. If you do not close a position the same day, it's not a day trade. Closing it the next day has no effect on the day trade counter. This only applies to margin accounts. Cash accounts are not affected by the PDT rules, but the settlement of trades and lack of margin takes longer to free up cash (Buying Power - which is also on the Balance pages of web app).
@@ThinkTradeProfit Thanks for the assistance!
On trading View which VWAP are you using? Thanks for a nice video.
Hi L. CH. Thanks for supporting the channel! The VWAP I am using on TradingView is in Indicators & Strategies > Built Ins > VWAP (screen capture - imgur.com/9SzZFv8 )
Just opened an account Fidelity. I have 5 accounts on TOS, TastyWorks and E-Trade. Been option trading for 5 years. I cannot find a video to actually explain how to use Fidelity for options trading only. Can you help an old guy out?
Hi James,
This is not a very detailed intro for someone with your experience, but maybe it will be helpful. Fidelity | Options in Active Trader Pro - First Look th-cam.com/video/5KnjehXmT8c/w-d-xo.html
@@ThinkTradeProfit Thanks for the link.
Thank you.
Thanks for visiting the channel Jacob!
Can you make a video trade option on fidelity
Hi Gilbert, Thanks for visiting the channel. Unfortunately, I do not have options enabled on my accounts. I don't trade them. You should try the demo and look around - rewards.fidelity.com/RFI/signup/active-trader-pro-demo These are a few screen captures that I have that are options-related. imgur.com/XkRhG57 imgur.com/T94jmFf
Ok thanks
Hi Ken, Thanks for the great video. I have a question for you: Does Fidelity charges any fees or commissions for Trading Penny stocks on OTCs?
Hi Varun,
Fidelity does not charge anything extra to trade penny stocks, nor are there any special account requirements. There is a risk agreement to acknowledge when you open your account. This covers everything they want you to be aware of - www.fidelity.com/viewpoints/active-investor/trading-penny-stocks
@@ThinkTradeProfit Thanks a lot!
When I created the button for market order. clicking it doesn't fully fill out the order. so I still have to manually chose from limit or market, route, etc..Am I missing something?
Hi
B.B.Explore,
My suggestion is to create your shortcuts during regular market hours (9:30-4:00 ET). Some of the order types are not available during premarket or after hours and there is a known "bug" when you may not be able to setup a market order during premarket because market orders are not allowed during extended hours. Here is a Buy at the Market shortcut from my layout and the result in the Directed Trade window. Use this setup - imgur.com/Kd1Lbvz Order result which is ready to Place - imgur.com/C2nw6Wl Good Luck!
@@ThinkTradeProfit Thank you
how do you reset ATP to its default setup screens?
Hi Gro Goo,
I think you need to call Acttive Trader Pro support. Their tech people can wipe your profile of all saved layouts. They are saved in Fidelity cloud. "Should you have technical issues, please contact us at 800-544-7595. You will hear prompts for various products-select Active Trader tools." Did you try to uninstall and reinstall? I would think the default setup screens would be available with your other saved screens on a reinstall. I hope that helps. Good Luck!
Hey man I don't know which broker you use nowadays or what you would suggest to new traders. I want at least 2 brokers but I was thinking of tos but thought I should hold off since they will just merge with schwab. Should I go for schwab or wait or go for fidelity for now
Hi Abdullah,
I'm still a fan of Fidelity and have a second account which I rarely use at TD Ameritrade Thinkorswim. Those two are the best platforms of the free commission brokers in my opinion. Interactive Brokers has some attractive features but I have yet to create an account there. There is an opportunity to automatically trade for or with trade.collective2.com/ with IB. It's pretty interesting. I hope that helps. Good Luck!
@@ThinkTradeProfit Thank you! What is your main broker currently?
@@MOHAMMADAK10154 My main broker is Fidelity. I trust their speed of executions in fast markets with volatile stocks. Their customer service is excellent, but I rarely need to call them. Thinkorswim has a good platform, but there are problems with their Level 2 display. It doesn't compare to Fidelity's.
@@ThinkTradeProfit Awesome to hear bro I'm really looking forward to using them and please keep making these awesome video's ! you will get million subscribers soon bro!
Bro, I screen recorded TOS side-by-side with Fidelity and ToS is even worse than ever. Quotes can lag behind 3-4 seconds for the bid and ask. I just wish I could trade 0 DTE on Fidelity.
Hi Peter B,
Thanks for sharing what you've discovered. I've seen some of that lag. You should make a video! It was on my mind awhile ago. I'm worried about TD/thinkorswim as they are going through their merger with Schwab now. I love the the thinkorswim platform, but it is often unreliable because of their backend. Good Luck!
Thanks for the video. How do you like Fidelity vs E*TRADE and TOS? Does Fidelity have direct market access? Any experience with pre IPO offerings?
Hi Tad Pole, I haven't used E*Trade since 2002, but I have heard good things about them. I wish thinkorswim was more stable. I have a second account there I recently opened, but they've had so many issues, I just can't trust them (yet). Fidelity has a Directed Trade window where you can route to the major ECN's. Looks like this - imgur.com/B0BsUeP And you can check out their Directed Trading here - This list shows the routable destinations. www.fidelity.com/products/atbt/help/ActiveTraderTools_Trade_Help.html#directedtrading This list shows the routable destinations. Unfortunately, I don't have any recent experience with Fidelity and pre IPO offerings. Thanks for checking out the channel!
Think Trade Profit thanks. Great videos and quick button helpful. Hot keys would be nice but quick button setups seems to cover most trades. Would also be nice if windows could link based on clicking stock in watch list instead having to type in.
@@poltad I agree. We have few subscribers who have sent that exact same request to the development team. It's definitely been mentioned more than a few times.
Nice work, do you know where can I check the stock is available for shorting (ETB) in this platform or on their web? Also are there any borrowing fees?
Hi L P, Thanks for visiting the channel! If you populate the quantity and the Sell Short type in the trade ticket in Directed Trade, it shows the stock available to short next to the Quantity field. There are no borrow fees for easy-to-borrow stocks. If insufficient shares are available for your order, it may direct you to call Fidelity. (screen capture - imgur.com/ZZo5jOr )
And what exactly is the use of all of that without a good scanner?
Hi Dannie,
There are many options. Try Quotes & Watchlists > Filters imgur.com/kcwM9YG These are some of the sites I use for premarket - www.marketwatch.com/tools/screener/premarket www.nasdaq.com/market-activity/pre-market
@@ThinkTradeProfit Appreciate the help!