T R A N S C R I P T Charting in Active Trader Pro® Sam Short: Thank you Jonathan, definitely welcome everyone to join us for an hour to talk about Active Trader Pro. As Jonathan mentioned, I’m with Fidelity’s Trading Strategy Desk, so is Nick here. And really, we’re here to help with education, to make you a self-directed investor who has a more repeatable process that you can work with. And certainly, Active Trader Pro is a really essential tool for a lot of active traders who are utilizing technical analysis and utilizing charting as part of their process. So the focus today on charting in Active Trader Pro definitely very much toward that end. The representatives on our Trading Strategy Desk all are either chartered market technicians or chartered market technician candidates. We all have years of experience here at Fidelity. Personally, I’ve been here for just a little over nine years, over eight of those years working with Fidelity’s active trader clientele. And we do also offer four-week courses for people who are beginners, who are new to both technical analysis and for those who are just starting out with option trading. In addition to those classes, we also offer standalone courses, which you can access at Fidelity.com/coaching. Usually we have three or four of those a day, so certainly these webinars are a fantastic resource, but really 1 on top of these webinars, you have these additional classes that you can attend, these coaching sessions, for sort of more specialized learning on different topics. As Jonathan mentioned, you can access the install file for Active Trader Pro on Fidelity.com, and a really common question we often get is how do I log in? And it uses the same login credentials as on Fidelity.com. You don’t lose access to Fidelity.com, nothing of that sort, but you’re able to use both interchangeably and even at the same time, if you wish. So, for the session today, we’re going to try to cover really all of the charting functionality in Active Trader Pro. Especially with an eye toward using that functionality to help with risk management in your trading process. If there are follow-up questions, certainly reach out to us here at Fidelity. You can reach out to your local branch, you can reach out to us at the Trading Strategy Desk, and with our active trader team. And we’re a fantastic ongoing resource that you should utilize, you’re never really on an island with your trading, we want to make sure that you’re able to maximize everything that we have to help you be the most successful trader that you can be. With that, let me let Nick introduce himself, and then let’s get started on taking a look at looking at some of the charting tools in Active Trader Pro. 2 Nick DeLisse: I really appreciate that Sam, and good afternoon everybody on the East Coast, good morning to everybody else. My name is Nicholas DeLisse, I’m with Fidelity’s Trading Strategy Desk. And I just have a passion for education just like Sam does. Haven’t been with Fidelity quite as long, I’ve been with Fidelity for about seven years, but my journey to the Trading Strategy Desk kind of mimics Sam’s. I’m also a chartered financial analyst, in addition to pursuing the CMT designation, and I really see that, you know, charting, understanding price movement, can really help with that timing decision, and also with risk management. And it’s tools that a lot of traders, they forego, because they -- you might focus just on security selection, rather than that timing decision. Now, we’ve gone ahead and we’ve shared our Active Trader Pro screen, and let’s go ahead and get into the swing of things when it comes to, you know, when it comes to charting. Active Trader Pro really is a powerful platform and a powerful tool. One really quick and easy thing that a lot of traders, they might miss when it comes to Active Trader Pro, is our linking tool. If you look at the very top left-hand corner of the chart, you’re going to see something that says unlink, or change link, if it’s not linked. Currently, this is, of course, set to the gray link tools. The importance of this being gray is a default. So 3 let’s say you have a watchlist or a positions list, you can just double click on the positions list, and it will then automatically load that in the chart, you see the stocks change to OEX, and we can change it to SPX, and even go back to the semiconductor select sector. So it’s just something that’s really quick, easy to use, from, you know, looking down your positions if you’re charting. But let’s go and jump into some of the other really important settings of a chart. Very bottom left-hand corner, this will control your timeframe. In essence, what this part of the chart is doing is, this kind of zooms you in, and zooms you out. Right now, we’re just on a six-month basis, but if you wanted to go out to a one-year, you know, two-year basis, or even, you know, jump into a one- month basis, you have that ability to do that down here. Now if your chart is smaller, or if it’s not quite as expanded like ours is, you might actually have to click and have a little bit of a dropdown menu. Let me go ahead and make this a little bit smaller, that you see that right now, it’s set on today, you might have to click on this dropdown menu like this, to actually get that change. So kind of expanding this out, just the right of this, you can see something that says frequency. What this is going to control is the different bars up here. Right now, we do have it set up to be candlestick versus the default open high/low close, that you might actually see when you log into Active Trader 4 Pro for the first time. This frequency is very important, because this is what any indicators you might add to Active Trader Pro are going to be based on. Right now, the frequency is set at daily, meaning each of these bars represent one day’s worth of information, of course, over the last six months. Now we can change this frequency to a minute, so that each of these bars now represent one minute’s worth of information. The important part of this is that let’s say you have a simple moving average on your chart. It’s a 20 period simple moving average. Well if we change the frequency to one minute, that moving average is now a 20-minute moving average. It is no longer a 20-day moving average. The same thing if you change frequency to maybe an hour. It’s now a 20-hour moving average, and it’s definitely something important that you have to keep in mind. Now, if you noticed when I changed the frequency to one minute, I’m no longer on that six-month time horizon. That’s because different timeframes allow different frequencies. Of course, you can’t look back and have one minute bars going back three months, and so it’s going to reduce that to the appropriate timeframe, where you can get those one minute bars. And to really get that sub-day, to see a frequency less than one day, you need to be on a one month or less. So as we go to one month, we see we have this 60- minute frequency, but as soon as we kick it up to three months, this frequency 5 drops to daily. And what this will also do is you get this warning, frequencies below will change the timeframe, and you’ll notice we change the 30 minutes, this of course adjusts that timeframe appropriately so that you’re able to see the information you’re looking for. So kind of coming back to a six month, one other thing that a lot of traders will notice is there’s a histogram, there’s this history viewer down here. Sometimes, Sam and I will speak with clients, and they’ll say, we see this mountain graph at the very bottom, what does it mean? Is it special? And all this is, is this is just a different viewer, showing you different information. So what this has done is this picture right here represents this information we get up in the top screen. And as opposed to changing the date and timeframe in the bottom right, we can actually drag this left and right to see different times. We can drag this wider, if you want to. And it’s just a different way to enable us to see the data that we want to, to zoom in data that we want to, that maybe we specifically want to take a look at this little peak part right here, well we can do this with the history viewer. So if you want to hide the history viewer, you’re simply looking at the little triangle in the bottom left-hand corner of the chart. I’m going to go ahead and go back to six months.