Beware: Fidelity now automatically inserts an order expiration
date of 180 days whenever an account holder puts a
stop loss order in place. Just noticed this when placing
stops on a "good until cancelled" basis for two recent
trades. Don't recall ever seeing this before.
Another ridiculous policy to discourage trading...not that I'm
ever going to hold a stock for that period of time, but that's
besides the point. Oh yeah, they allow you to request
notification up to 5 days in advance of the order cancelling.
Big deal.
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Interesting........
Posted by RichieD on 12th of Oct 2012 at 10:35 am
Beware: Fidelity now automatically inserts an order expiration date of 180 days whenever an account holder puts a stop loss order in place. Just noticed this when placing stops on a "good until cancelled" basis for two recent trades. Don't recall ever seeing this before.
Another ridiculous policy to discourage trading...not that I'm ever going to hold a stock for that period of time, but that's besides the point. Oh yeah, they allow you to request notification up to 5 days in advance of the order cancelling. Big deal.