Get rid of the 50% sell limits

Why has this request only been a hot topic since all of the robinhood folks scattered then? A 50% upside isn't babysitting, that's the equivalent of 5 years of return for the average s&p 500 stock. If you have a portfolio of long exchange traded positions and your strategy is anything besides reddit pump and dump, the chances of quick 50% moves being an issue are nearly 0. Only horse i have in this race is long time fidelity client and long term investor. The market mechanics are already screwed up enough with shady shops like Citadel and now every kid with a stimulus check YOLOing valuations out of proportion. Orders that high above or below the market (stub orders) were probably the biggest cause of the flash crash in 2010 and they aren't constructive at all to an orderly market. Just because it's in recent favor or people are asking for it because of short term trend mainly (i won't make any assumptions about you) stemming from a fly by night firm like robinhood that blew up spectacularly due to crap risk controls, doesn't mean the Fidelity's, Schwabs and Vanguards of the world should completely retool the integrity of their trade routing and execution just to appease a crowd that is isn't thinking long term.

/r/Fidelity Thread Parent