I have used Fidelity for short term trades and long calls... straight forward stuff that was easy to do. I'e now opened the margin trading and options trading account and want to day trade on the active trader pro platform. Can someone point out how to use the stop loss feature :
1. Stock A is currently trading at 35.45
Want to buy at 35.5
Sell at 37
Stop loss at 35.0 (is this doable or too close to buy)
2. Stock B is currently traidng at 55.22
Want to sell at 55.20
Want to buy at 53.00
Stop loss at 56.00 (is this doable or too close to buy)
Thank you, I know it seems very basic but it is primarily a question of the platform and what limits it has.
1. Stock A is currently trading at 35.45
Want to buy at 35.5
Sell at 37
Stop loss at 35.0 (is this doable or too close to buy)
2. Stock B is currently traidng at 55.22
Want to sell at 55.20
Want to buy at 53.00
Stop loss at 56.00 (is this doable or too close to buy)
Thank you, I know it seems very basic but it is primarily a question of the platform and what limits it has.
