Fidelity and Limit orders must be in range.

Discussion in 'Trading' started by steffi, Sep 21, 2008.

  1. steffi


    So Fidelity enforces your limit price be < 30% of the current market price but I see from reading google finance and many people are putting out GTC orders on WM in the 15's and higher.

    The thing I don't understand about Fidelity is that they still enforce the 30% rule _even_ when the sell limit order is apart of a conditional order.

    Can anybody tell me if this is consistent with other brokers? On TD Ameritrade can I set up a conditional order and have it trigger a sell limit order at the price I want that's > 30% of market price?