Man. I found this and it makes sense. Been watching stock retest levels and now I know why. Your awesome at explaining the aspects. I've learned a lot thanks!
Huge thanks to you! Been Learning/trading the markets for the last 7 years. Until 2 weeks ago I had strictly traded with TD Ameritrade. After 50k+ accumulated losses over the years because of TOS platform errors. I finally had enough of them and made the switch. Simple, informative videos that helped me construct my ideal set-up. Definitely cut many hours off the learning curve of this platform. Thank you!
Hi Joey, I'm glad they were helpful. i like thinkorswim, but the lack of reliability and other order issues has kept me from using my account there. Good Luck!
Scalped on Friday using framework and strategies from Think Trade Profit, and did very well. 11 out of 12 trades green. I added ATR(14) to my chart. Great video as always Kent.
Hi Han, Thanks for checking out the channel. I appreciate the support. If any questions come up, feel free to put them in the Comments. I try to answer all of them in time. Good Luck!
Hi Redhat Creator, Thanks for supporting the channel. Feel free to ask questions in the Comments section of videos. I try to answer all of them in time. Good Luck!
Never heard these stop techniques. Looking to implement in future opportunities. Still relatively new but learning everyday. You are one of the few traders using ATP which is what I am on. Great content going back to check some of your older videos. 🔥
Another great video. I'm new to this and I'm using ATP so the content is very helpful to me. Can you do a video if you haven't already on how to put in orders with stop losses and trailing stops just trying to learn as much as i can before I start trading real money thanks so much.
@@ThinkTradeProfit Thanks for the reply. So far not too bad. I have graduated from a simulator to Active Trader Pro last thursday. Using 10 share size trades and have been getting over 10 dollars per day for this week minus the five dollar loss yesterday. Since thursday I am up over 45 dollars. Taking it slow but my results matched my simulator results. I am in hopes it continues as share size increases.
Good info, just started using ATR, it helps. Fear of the market makers makes me think twice about all my stops. But generally I do opening range breakouts which rarely need a stop. No VWAP on Fidelity but they do have VMA which seems to match pretty well with VWAP for the first 2 to 3 hours, after which correlation ends fast. That London info is priceless, appreciate that!!
Thanks for the video its great! I am using ATP a lot better because of you thanks. i didn't know about the preset button especally. Yes, ATP has no VWAP. Do you use something similar?
Hi HappyFace, Sorry for the delayed reply, I'm on vacation. This is a good primer of those orders so that you don't have to wait for a video. www.fidelity.com/learning-center/trading-investing/trading/conditional-order-types I hope that helps. Good Luck!
Fantastic video. Extremely informative and concise. Just started trading several months ago so I'm still learning as I go. Is there a particular sequence of the videos you have published that is a must for new traders such as myself? I have active trader pro with fidelity so we're good there. Thanks in advance for your guidance and help!
Hi Pedro, I'm glad it was helpful and thanks for the positive feedback. I don't think a particular sequence of videos is necessary, but I'll highlight some for priority (if you haven't watched already). Obviously the Active Trader Pro Day Trading Setup video - th-cam.com/video/ekp4YmxX6-A/w-d-xo.html The Chart Library video is not popular, but is good to know the Active Trader Pro platform better (saving many indicators and chart studies) - th-cam.com/video/76jdgFOsJFk/w-d-xo.html Fidelity Fast Trades - Entry and Execution - th-cam.com/video/nq6oUospoiE/w-d-xo.html Each Stop Order Explained (Important for understanding all the tools for different market conditions and order types) - th-cam.com/video/6Wp4cWqFIpw/w-d-xo.html Stock Trade Price Improvements - th-cam.com/video/YfM_OW7TSkI/w-d-xo.html HOW TO use Tradervue to IMPROVE your PERFORMANCE - th-cam.com/video/3t2VlciIjS4/w-d-xo.html Then work through my live trading videos. While you may not trade exactly like me, I try to present sound trading principles, ways to plan, trade preparation. I always try to answer all the questions in video comments, but it might take a day or so, sometimes. Good Luck!
Hi ATXtrader, Thanks for the support. If you ever have any questions on my videos, feel free to reach out in the Comments. I try to answer all the questions. Good Luck!
Hi Smita, Thanks for visiting the channel. Check out my Day Trading Screen layout video here - th-cam.com/video/9p_PRqFhah0/w-d-xo.html Unfortunately, Fidelity doesn't offer a way to share layouts. After that, you may want to be sure you know how to setup stock trading shortcut buttons. See this video - Fidelity Fast Trades Entry and Execution - th-cam.com/video/nq6oUospoiE/w-d-xo.html Good Luck!
Awesome video, thank you. Do you physically add stop losses, or do you just use them as a guide “manually”? If manually, how do you handle “freak” candles, wait it out, and hope and pray? Over the last few weeks I’ve had my finger on the button, but just don’t feel ready. My fear is a rogue candle that will wipe me out... or internet, power goes out, buttons don’t work like in one of your videos... I want to make sure I’m protected. Do you / can you add stop losses in your custom buttons?
Hi Tim, Great question. For my scalping, in liquid stocks (big names that trade 4 million shares or more a day), I usually use Limit Orders to enter and Market Orders to exit. Most of my trades are less than 7 minutes. I usually don't enter a Stop. I sit with my "finger on the button". Your fears are rational. I feel like that every 6 months or so, there is always some major event that hits markets or a stock, that creates scary conditions. I don't have Stop Orders in my shortcuts, but they CAN be added (alll types). "My fear is a rogue candle that will wipe me out". For this, you shouldn't be trading so big. Know the ATR of your stock through the day. I use ATR(14) on a 1 minute chart. When that is large, trade smaller. "or internet, power goes out" - For this, be very comfortable exiting trades on your phone (backup to home power and internet outages). My problem is breaking news and tweets by some prominent figure that affects the market place. These can hurt. Just ensure your trading size is not so big that a 2-3 point move, doesn't wipe you out. Avoid stocks like TSLA, PTON, GME, that have a tendency to put in "crazy" candles. Likewise, over time, rogue candles can go in your favor if you are on the right side of a position. It evens out. You just have to take action when things don't go your way, just get out. I traded COIN a couple weeks ago , not very familiar with it, but the chart looked good and it had been trading lower. I shorted at a major reversal point and lost 4 points in about 4 minutes. I just got out. It proceeded to trade about 15 more points higher througout the day. I hope that helps. Good Luck!
@@ThinkTradeProfit wow... I can’t tell you how much I appreciate your reply. TSLA was the stock... Thanks for all your videos, outstanding content. I’ve learned so much in a short time.
Hi Tinycreek, Yes, you can. I tested this today to make sure. You can also adjust the stop loss from the Orders window with a right click on the order, then select Cancel & Replace.
Hi GBCJ, Apologies for the delayed reply, was on vacation. This article was written in the context of forex, but the general principles are ones I agree with - tradeciety.com/stop-hunting-in-trading-exists I hope that helps. Good Luck!
When hunting occurs its not the stoploss placement that is the problem, its the brokerage organization you are using. One should be able to place any stoploss as you desire without an automatic program trigger to hunt and set it off. That should never be a problem and is a sure sign that your broker's algo is rigged to take your money. Unfortunately this is all too common in the unregulated world of forex where the vast majority of brokers are scam artists hiding behind a fancy logo and slick marketing.
I am still confused about how exactly to set the stop loss on active trader pro. Own the stock already and then set a trailing stop order etc? Tried setting one the other day and ended up selling the stock immediately by accident. Maybe a very basic video five minute video. Thanks again
Hi Finspiration, Broker dealers sometimes "work" larger orders for institutions or mutual funds, trying to accumulate or sell a large amount of stock over a day (or two). They are not only picking on small retail traders, but will also run stops on other large orders sitting in the market (like 5,000 shares or more). The can push price to a level because they know they have an order to buy even more. They don't worry about our orders. They just want to buy or sell and "print" some shares for whom they are purchasing. For example, Buy 5,000 shares at an average price of 50.35 and push it a little farther and report the sale to their "customer". You bought 5,000 at 50.50.
I've been thinking about leaving TOS for Fidelity. I already have a couple long term portfolios in Fidelity. TOS is my day trader. But I was unable to short a couple stocks recently ........ namely TSLA on an obvious winner. Lost lots of potential money on a HTB or NTB situation. After googling I see TOS has that issue compared to a Fidelity. I wanted to ask if you've ever been excluded from a short play due to availability with Active Trader ..... more specifically Fidelity.
No, I haven't had that issue. Although, I do mostly trade stocks that are non-low float. Using trade-ideas more during the premarket in the past few weeks, I haven't run across any of the high RVOL low-priced stocks that were not available for me to short. If you didn't know, you can scope out stocks you might plan to trade early in the morning using the Directed Trade window and enter the symbol and Sell Short. Then examine the little window to the right of the quantity box. imgur.com/ZZo5jOr From one source, Fidelity has 29.6 million customer brokerage accounts vs TD Ameritrade's 11.5 million accounts. This might indicate that Fidelity will have an easier time locating shares to borrow because of more than 3X the accounts. www.brokerage-review.com/online-brokers/largest-brokerage-firms-byassets.aspx It could be that when TD Ameritrade was having trouble reconciling all the TSLA and AAPL splits and therefore their internal systems were so "off" that it mistakenly did not allow you to short because of a backend system error. Just guessing.
Hi Andrew, This video is about how to place stop orders in better places. My other video explains all the Stop Orders in detail , one of my most popular. I think this is what you are looking for - th-cam.com/video/6Wp4cWqFIpw/w-d-xo.html . Good Luck!
Another great video. Does Active Trader Pro have a 'daytrader' or 'daily' EMA OR SMA for us daytraders? I modified my SMA to 8 (assuming that means the past 8 days?) Was wondering if i should set this to "1" for daytrading? Thanks for any guidance, much appreciated.
Hi Steven, Thanks again for your support! The setting for SMA's or EMA's affects a a period of time which would be dependent on what Frequency you are using on your chart. For example, I use a 50 EMA on my 1 Minute chart. The '50' causes it to look back over the data in the last 50 minutes. If you are using a Daily chart, then I would not set it to 1. You would want to look back over a period of Days. In my opinion the most popular period settings for moving averages for day traders are 9, 21, and 50 on whatever time frame you use on your main chart that is used to make trade entry and exit decisions. The 9 and 21 could be used for short-term scalping. With the 50, I consider it a reminder of the short-trend.
Hi Kent, soso performance today, most grateful for any advice as i'm a new day trader. Per our discussion i adjusted my SMA to 9 (x 2 min time periods)..today i just focused on the top gaining Dow stocks, $10k ea. on the top 6, sold off Am X when it hit my 1% stop loss so lost $100, doubled up on Boeing for 20k but after the dust settled was down $35 for the day. It makes me wonder if should just load up on 1 or 2 instead of 5,6,7,etc.. plan was to try to gain $200 per position and sell if down $100.. Thanks for any input....
@@steveng8727 I think to start you should probably concentrate on just two stocks. Then compare them to SPY (keep a chart of this up all day long). I wouldn't buy anything right after the open. just watch, wait till about 10:15am . Then you could try to time your entries with pullbacks to the 9 SMA or EMA where price dips below a little bit. AXP is good, but be careful with BA, it's very, very wild.
Just an idea here. I'd love to join a daytrading blog for Fidelity users. Would you be interested in starting a DISCORD chat? You would have a cult following for sure!
Great suggestion. Put me down to get on board. I'm day trader changing to Fidelity and Ken has been fantastic in helping me change to the Active Trader Pro platform. Having an active ATP user group may help us all in promoting some major changes needed for day traders in Fidelity ATP.
I don't think the market makers are too concerned about making the options profitable. I believe these are mostly psychological levels, traders have stop losses at round numbers, and maybe also Buy Stop Market orders (e.g. if AAPL hits 250, then Buy 200 shares at the Market) at round numbers. Everything can be inter-related. Some people use Options to hedge big positions in Stocks.
Hi LionLamb, I am still around. Thanks for checking in. 😃I hit some burnout with making videos, but I have some new ideas that I am excited about. Will share soon. Good Luck!
In term of content, you are very good, because of your experience working at the brokerage, but in order for you to become a more successful TH-camr, you need to improve your presentation.
Hi Ex miuwu, Thanks for checking out the channel and the feedback. I am definitely a trader first and an amateur TH-camr second. I don't like editing and scripting videos. It is time-consuming. I do like helping people though. Good Luck!
why would you have BUY MKT and SELL MKT etc... as your trading options and not LIMITs? I understand in do or die situations you want MRKT. but... I dont get it. I also get this is an old video and times have changed since then. Thanks
Hi Ewlinitis, I use the SELL MKT to get out of a position in fast markets (quick scalps). I don't use the BUY MKT very much. I like to enter my positions with LIMIT orders. and then exit with LIMIT or MKT Orders. I hope that helps. Good Luck!
Unfortunately, no. Fidelity does not have hot keys. I think the fastest way to enter orders is through Directed Trade custom buttons as seen in this video. th-cam.com/video/nq6oUospoiE/w-d-xo.html
![[LIVE] Day Trading - Low Risk Profits in PTON, QCOM, PYPL, FSLR](/img/n.gif)
I am really surprised that this video has so few views with 1.25 k subscribers. This is awesome content by the way.
Thanks Rob! I appreciate the support.
I just change my broker from TD to Fidelity and I am learning a lot with your videos. Thank you so much. :)
Hi Day Trader, Thanks for visiting channel and the positive feedback!
Man. I found this and it makes sense. Been watching stock retest levels and now I know why. Your awesome at explaining the aspects. I've learned a lot thanks!
Thanks Michael! I'm glad this helped provide insight.
Hello Ken, haven’t seen any news from a while, hope all is well.
Huge thanks to you! Been Learning/trading the markets for the last 7 years. Until 2 weeks ago I had strictly traded with TD Ameritrade. After 50k+ accumulated losses over the years because of TOS platform errors. I finally had enough of them and made the switch. Simple, informative videos that helped me construct my ideal set-up. Definitely cut many hours off the learning curve of this platform. Thank you!
Hi Joey,
I'm glad they were helpful. i like thinkorswim, but the lack of reliability and other order issues has kept me from using my account there. Good Luck!
Now that Fidelity finally added VWAP, I hope they will offer VWAP bands as an option.
Agreed. That should be an easy addition. Thanks for supporting the channel. Good Luck!
Scalped on Friday using framework and strategies from Think Trade Profit, and did very well. 11 out of 12 trades green. I added ATR(14) to my chart. Great video as always Kent.
Thanks Daniel. 11/12 is a great run!
Thank you for the tips
Hi Han,
Thanks for checking out the channel. I appreciate the support. If any questions come up, feel free to put them in the Comments. I try to answer all of them in time. Good Luck!
This was a great video but I'm sorry I read through the first 20 comments; I now have 8 more videos to watch!😀🧐🤓
Hi Redhat Creator,
Thanks for supporting the channel. Feel free to ask questions in the Comments section of videos. I try to answer all of them in time. Good Luck!
Never heard these stop techniques. Looking to implement in future opportunities. Still relatively new but learning everyday. You are one of the few traders using ATP which is what I am on. Great content going back to check some of your older videos. 🔥
Hi Michael, Thanks for visiting the channel. I do have a few videos specifically related to Active Trade Pro. Good Luck!
🙌🏾🙏🏾
@thinktradeprofit Man that trick of using the options tab and then the # dropdown to see numbers in play really is cool and accurate! Thx
I appreciate the positive feedback. Thanks for watching this one, too!
Another great video. I'm new to this and I'm using ATP so the content is very helpful to me. Can you do a video if you haven't already on how to put in orders with stop losses and trailing stops just trying to learn as much as i can before I start trading real money thanks so much.
Yeah i was curious on how to do this too on this platform.
Thanks for sharing💯🥰
Thanks for the video. You touched on some things I have been having trouble with.
Hi
Strutingeagle,
I'm glad it was helpful. Hope the market is treating you well.
@@ThinkTradeProfit Thanks for the reply. So far not too bad. I have graduated from a simulator to Active Trader Pro last thursday. Using 10 share size trades and have been getting over 10 dollars per day for this week minus the five dollar loss yesterday. Since thursday I am up over 45 dollars. Taking it slow but my results matched my simulator results. I am in hopes it continues as share size increases.
Thanks for the advice! Keep posting, very helpful 👏🏼 Been taking all notes
Thanks for the positive feedback Joshua! Welcome to the channel.
Great educational video, very informative to be used as a guide for managing stop loss
Thanks Sam! I appreciate the support.
Good info, just started using ATR, it helps. Fear of the market makers makes me think twice about all my stops. But generally I do opening range breakouts which rarely need a stop. No VWAP on Fidelity but they do have VMA which seems to match pretty well with VWAP for the first 2 to 3 hours, after which correlation ends fast. That London info is priceless, appreciate that!!
There's VWAP now. Its a God send.
Great advice! Keep up the good work
Hi Evan,
Thanks for the support, and I appreciate the positive feedback!
this is an excellent video (as usual). Thanks for the advice coz I've encountered many of the situations that you describe. Thanks again, great video.
Thanks again for your support David. I appreciate it!
Really enjoyed this and learned a lot. All of these tips offer useful insights to up my trading success. Thanks!
Hi Andy,
I appreciate the support. Comments in videos are the best place for questions. Let me know if there is anything i can help with. Good Luck!
Thanks for the video its great! I am using ATP a lot better because of you thanks. i didn't know about the preset button especally. Yes, ATP has no VWAP. Do you use something similar?
Hi Jeffrey, Thanks for the positive feedback! For VWAP on charts, I use a free account at tradingview.com in a browser on the side.
This helps reaffirm mindset and strategy
Hi Frank,
Thanks for the support and positive feedback. I'm glad it was helpful. Good Luck!
very good video, could you please make video how to place order cancel other (OCO), Thank you very much, GBU
Hi HappyFace,
Sorry for the delayed reply, I'm on vacation. This is a good primer of those orders so that you don't have to wait for a video. www.fidelity.com/learning-center/trading-investing/trading/conditional-order-types I hope that helps. Good Luck!
Fantastic video. Extremely informative and concise. Just started trading several months ago so I'm still learning as I go. Is there a particular sequence of the videos you have published that is a must for new traders such as myself? I have active trader pro with fidelity so we're good there.
Thanks in advance for your guidance and help!
Hi Pedro,
I'm glad it was helpful and thanks for the positive feedback. I don't think a particular sequence of videos is necessary, but I'll highlight some for priority (if you haven't watched already).
Obviously the Active Trader Pro Day Trading Setup video - th-cam.com/video/ekp4YmxX6-A/w-d-xo.html
The Chart Library video is not popular, but is good to know the Active Trader Pro platform better (saving many indicators and chart studies) - th-cam.com/video/76jdgFOsJFk/w-d-xo.html
Fidelity Fast Trades - Entry and Execution - th-cam.com/video/nq6oUospoiE/w-d-xo.html
Each Stop Order Explained (Important for understanding all the tools for different market conditions and order types) - th-cam.com/video/6Wp4cWqFIpw/w-d-xo.html
Stock Trade Price Improvements - th-cam.com/video/YfM_OW7TSkI/w-d-xo.html
HOW TO use Tradervue to IMPROVE your PERFORMANCE - th-cam.com/video/3t2VlciIjS4/w-d-xo.html
Then work through my live trading videos. While you may not trade exactly like me, I try to present sound trading principles, ways to plan, trade preparation.
I always try to answer all the questions in video comments, but it might take a day or so, sometimes.
Good Luck!
good info - helpful
Hi ATXtrader,
Thanks for the support. If you ever have any questions on my videos, feel free to reach out in the Comments. I try to answer all the questions. Good Luck!
Love your videos man. Thank you so much for making them.
Hi Miraj Music
I appreciate the positive feedback. Thanks for the support!
Hi, This is a great information. May I ask Which layout are you using?
Hi Smita,
Thanks for visiting the channel. Check out my Day Trading Screen layout video here - th-cam.com/video/9p_PRqFhah0/w-d-xo.html Unfortunately, Fidelity doesn't offer a way to share layouts. After that, you may want to be sure you know how to setup stock trading shortcut buttons. See this video - Fidelity Fast Trades Entry and Execution - th-cam.com/video/nq6oUospoiE/w-d-xo.html Good Luck!
Thank you. Great video
Hi Mano,
Thanks for the support! There are some good tips in that video that you don't hear anywhere else. Good Luck!
Very interesting information. Thank you.
Awesome video, thank you. Do you physically add stop losses, or do you just use them as a guide “manually”? If manually, how do you handle “freak” candles, wait it out, and hope and pray? Over the last few weeks I’ve had my finger on the button, but just don’t feel ready. My fear is a rogue candle that will wipe me out... or internet, power goes out, buttons don’t work like in one of your videos... I want to make sure I’m protected. Do you / can you add stop losses in your custom buttons?
Hi Tim,
Great question. For my scalping, in liquid stocks (big names that trade 4 million shares or more a day), I usually use Limit Orders to enter and Market Orders to exit. Most of my trades are less than 7 minutes. I usually don't enter a Stop. I sit with my "finger on the button". Your fears are rational. I feel like that every 6 months or so, there is always some major event that hits markets or a stock, that creates scary conditions. I don't have Stop Orders in my shortcuts, but they CAN be added (alll types). "My fear is a rogue candle that will wipe me out". For this, you shouldn't be trading so big. Know the ATR of your stock through the day. I use ATR(14) on a 1 minute chart. When that is large, trade smaller. "or internet, power goes out" - For this, be very comfortable exiting trades on your phone (backup to home power and internet outages). My problem is breaking news and tweets by some prominent figure that affects the market place. These can hurt. Just ensure your trading size is not so big that a 2-3 point move, doesn't wipe you out. Avoid stocks like TSLA, PTON, GME, that have a tendency to put in "crazy" candles. Likewise, over time, rogue candles can go in your favor if you are on the right side of a position. It evens out. You just have to take action when things don't go your way, just get out. I traded COIN a couple weeks ago , not very familiar with it, but the chart looked good and it had been trading lower. I shorted at a major reversal point and lost 4 points in about 4 minutes. I just got out. It proceeded to trade about 15 more points higher througout the day. I hope that helps. Good Luck!
@@ThinkTradeProfit wow... I can’t tell you how much I appreciate your reply. TSLA was the stock... Thanks for all your videos, outstanding content. I’ve learned so much in a short time.
Thanks for your video. Can you sent a stop loss at Directed Trading window, and move it up and down on Trade Armor Window?
Hi Tinycreek, Yes, you can. I tested this today to make sure. You can also adjust the stop loss from the Orders window with a right click on the order, then select Cancel & Replace.
How do the big guys know where your stops are at, to hunt them?
Hi GBCJ,
Apologies for the delayed reply, was on vacation. This article was written in the context of forex, but the general principles are ones I agree with - tradeciety.com/stop-hunting-in-trading-exists
I hope that helps. Good Luck!
When hunting occurs its not the stoploss placement that is the problem, its the brokerage organization you are using. One should be able to place any stoploss as you desire without an automatic program trigger to hunt and set it off. That should never be a problem and is a sure sign that your broker's algo is rigged to take your money. Unfortunately this is all too common in the unregulated world of forex where the vast majority of brokers are scam artists hiding behind a fancy logo and slick marketing.
I am still confused about how exactly to set the stop loss on active trader pro. Own the stock already and then set a trailing stop order etc? Tried setting one the other day and ended up selling the stock immediately by accident. Maybe a very basic video five minute video. Thanks again
Check out this - th-cam.com/video/6Wp4cWqFIpw/w-d-xo.html . Hope that helps.
Hi Kent, why would Brokers "worry about the order " for stops from small retail traders like us?
Hi Finspiration,
Broker dealers sometimes "work" larger orders for institutions or mutual funds, trying to accumulate or sell a large amount of stock over a day (or two). They are not only picking on small retail traders, but will also run stops on other large orders sitting in the market (like 5,000 shares or more). The can push price to a level because they know they have an order to buy even more. They don't worry about our orders. They just want to buy or sell and "print" some shares for whom they are purchasing. For example, Buy 5,000 shares at an average price of 50.35 and push it a little farther and report the sale to their "customer". You bought 5,000 at 50.50.
I've been thinking about leaving TOS for Fidelity. I already have a couple long term portfolios in Fidelity. TOS is my day trader. But I was unable to short a couple stocks recently ........ namely TSLA on an obvious winner. Lost lots of potential money on a HTB or NTB situation. After googling I see TOS has that issue compared to a Fidelity. I wanted to ask if you've ever been excluded from a short play due to availability with Active Trader ..... more specifically Fidelity.
No, I haven't had that issue. Although, I do mostly trade stocks that are non-low float. Using trade-ideas more during the premarket in the past few weeks, I haven't run across any of the high RVOL low-priced stocks that were not available for me to short. If you didn't know, you can scope out stocks you might plan to trade early in the morning using the Directed Trade window and enter the symbol and Sell Short. Then examine the little window to the right of the quantity box. imgur.com/ZZo5jOr From one source, Fidelity has 29.6 million customer brokerage accounts vs TD Ameritrade's 11.5 million accounts. This might indicate that Fidelity will have an easier time locating shares to borrow because of more than 3X the accounts. www.brokerage-review.com/online-brokers/largest-brokerage-firms-byassets.aspx It could be that when TD Ameritrade was having trouble reconciling all the TSLA and AAPL splits and therefore their internal systems were so "off" that it mistakenly did not allow you to short because of a backend system error. Just guessing.
the topic of this video is setting stop limit order for short selling right?
Hi Andrew,
This video is about how to place stop orders in better places. My other video explains all the Stop Orders in detail , one of my most popular. I think this is what you are looking for - th-cam.com/video/6Wp4cWqFIpw/w-d-xo.html . Good Luck!
@@ThinkTradeProfit thank dude! Glad I have a smart guy like you trading on my platform. You should do a live trading session sometime!
@@lilammac Thanks Andrew! I am glad I could help. I may do a broadcast or a live session some day.
Interesting insights!!
Thanks for checking it out deadtrouthunter!
Another great video. Does Active Trader Pro have a 'daytrader' or 'daily' EMA OR SMA for us daytraders? I modified my SMA to 8 (assuming that means the past 8 days?) Was wondering if i should set this to "1" for daytrading? Thanks for any guidance, much appreciated.
Hi Steven, Thanks again for your support! The setting for SMA's or EMA's affects a a period of time which would be dependent on what Frequency you are using on your chart. For example, I use a 50 EMA on my 1 Minute chart. The '50' causes it to look back over the data in the last 50 minutes. If you are using a Daily chart, then I would not set it to 1. You would want to look back over a period of Days. In my opinion the most popular period settings for moving averages for day traders are 9, 21, and 50 on whatever time frame you use on your main chart that is used to make trade entry and exit decisions. The 9 and 21 could be used for short-term scalping. With the 50, I consider it a reminder of the short-trend.
@@ThinkTradeProfit thanks for the advice, I've been using 5 min candles for my day trading so I'll modify it to "9" as you say, appreciate it..
Hi Kent, soso performance today, most grateful for any advice as i'm a new day trader. Per our discussion i adjusted my SMA to 9 (x 2 min time periods)..today i just focused on the top gaining Dow stocks, $10k ea. on the top 6, sold off Am X when it hit my 1% stop loss so lost $100, doubled up on Boeing for 20k but after the dust settled was down $35 for the day. It makes me wonder if should just load up on 1 or 2 instead of 5,6,7,etc.. plan was to try to gain $200 per position and sell if down $100.. Thanks for any input....
@@steveng8727 I think to start you should probably concentrate on just two stocks. Then compare them to SPY (keep a chart of this up all day long). I wouldn't buy anything right after the open. just watch, wait till about 10:15am . Then you could try to time your entries with pullbacks to the 9 SMA or EMA where price dips below a little bit. AXP is good, but be careful with BA, it's very, very wild.
@@ThinkTradeProfit great, I'll focus on 1 or 2, thanks again
Just an idea here. I'd love to join a daytrading blog for Fidelity users. Would you be interested in starting a DISCORD chat? You would have a cult following for sure!
That's a pretty good idea. There is quite a family of Fidelity users. Let me give it some thought.
Great suggestion. Put me down to get on board. I'm day trader changing to Fidelity and Ken has been fantastic in helping me change to the Active Trader Pro platform. Having an active ATP user group may help us all in promoting some major changes needed for day traders in Fidelity ATP.
i'm down too.
is the Discord up and running? Would love to join!
Also do huge options bets at certain prices actually mean that market makers will try to drive the price to make these options profitable?
I don't think the market makers are too concerned about making the options profitable. I believe these are mostly psychological levels, traders have stop losses at round numbers, and maybe also Buy Stop Market orders (e.g. if AAPL hits 250, then Buy 200 shares at the Market) at round numbers. Everything can be inter-related. Some people use Options to hedge big positions in Stocks.
Bro, where are you at now?
Hi LionLamb,
I am still around. Thanks for checking in. 😃I hit some burnout with making videos, but I have some new ideas that I am excited about. Will share soon. Good Luck!
In term of content, you are very good, because of your experience working at the brokerage, but in order for you to become a more successful TH-camr, you need to improve your presentation.
Hi Ex miuwu,
Thanks for checking out the channel and the feedback. I am definitely a trader first and an amateur TH-camr second. I don't like editing and scripting videos. It is time-consuming. I do like helping people though. Good Luck!
why would you have BUY MKT and SELL MKT etc... as your trading options and not LIMITs? I understand in do or die situations you want MRKT. but... I dont get it. I also get this is an old video and times have changed since then. Thanks
Hi Ewlinitis,
I use the SELL MKT to get out of a position in fast markets (quick scalps). I don't use the BUY MKT very much. I like to enter my positions with LIMIT orders. and then exit with LIMIT or MKT Orders. I hope that helps. Good Luck!
How do i find ATR?
Hi Diego,
Open any chart, then select Indicators, Average True Range (ATR) is one of the first listed, then apply that to your chart. Good Luck!
Fidelity has hot keys?
Unfortunately, no. Fidelity does not have hot keys. I think the fastest way to enter orders is through Directed Trade custom buttons as seen in this video. th-cam.com/video/nq6oUospoiE/w-d-xo.html