Trade Tutorial for the Palm VIITM organizer

The following tutorial will guide you through the necessary screens to place a trade on the Palm VIITM organizer. The steps are listed in order from the Applications Menu on the Palm VIITM organizer. The customer is required to login before each trade for security reasons.
1)  Select the Fidelity icon on the Application Menu using your stylus. Refer to figure to the right:


2)  The next screen that is presented is the InstantBroker Delayed Quotes/Charts.
Once at this screen you must select the word "Brokerage", which is underlined.
3)   You will then be presented with a Login screen, where you must enter
your Social Security number (SSN) or Tax Identification Number (TIN). Then you must
tap the "Unassigned" field next to the word "PIN" and enter your Fidelity brokerage®
Personnal Identification Number (PIN) in the field. Once your PIN has been entered,
and you have selected "OK" the field next to the word PIN becomes "Assigned". Then Select
"Place Order" from the Action drop down box. After the data has been entered into the fields,
select the Login button.
This is the way the screen will appear when the login information has been entered.
4)  After a successful login you will be presented with the Order Entry screen.
The screen and steps to follow for completing an order are listed below.

  Continued.....
Refer to the following steps for placing an order:
  • Select a brokerage account from the Account: drop down list.
  • Select an action (Buy or Sell) from the Action: drop down list.
  • Enter the number of shares of the security to be bought or sold in the Quantity: field.
  • Enter the valid security symbol in the Symbol: field.
  • Select a Price Type:(Market or Limit) from the drop down list.
  • If you have selected a Price Type: of Limit: then you must enter a limit price (Fractional format) in the Limit Price: field, otherwise leave blank.
  • Select a time in force (Day or GTC (Good Till Cancel)) from the Time In Force: drop down list.
  • Select an account type for the transaction (Cash or Margin for eligible accounts) from the Account Type: drop down list.
  • When the order screen is complete, tap the Submit button at the bottom of the screen. If you would like to Void the order, tap the Void button at the bottom of the screen.
5)  If you tap the Submit button, a Preview Order screen will appear
displaying order information.

You may Submit the order for processing or Void it. If you tap the Void button the order will not be transmitted to Fidelity and a message will be displayed reflecting that action.
If you tap the Submit button the order will be sent to Fidelity and another screen will follow confirming Fidelity has recived your order and is issuing an order number similar to the screen showen:

Definition of Screen Terms
Action The type of order you want to place. Select Buy or Sell.
Quantity The number of units you want to trade. For Stocks, enter
the number of shares. This number must be a WHOLE share amount.

Decimal places are not allowed. If you are selling all shares in a position, enter the whole share amount. Fractional shares will be liquidated on the settlement date at the same execution price. Both whole and fractional share
portions settle on the same day. A commission will not be charged for selling fractional shares.
Symbol

The identifier (exchange symbol) for the security you want to trade.
Order Type (Order Price Type) The type of order you wish to place. You can select Market or Limit.

After a limit price is triggered, the security's price may continue to rise or fall. As a result:

Your order may or may not execute depending on the security's market price in relation to your specified limit price. Your order price may execute at a price that is more (if your order is a Sell Limit) or less(if your order is a Buy Limit) than your specified limit price.
Market An order to buy or sell a security at the best price in the current market. Market orders are generally good for the day only (except for trades of securities such as fixed income auction which are good until canceled), and are used when you would like an immediate execution. To help ensure that your order is executed, enter it before 3:50 p.m. Eastern Time.
Limit An order to buy or sell a security at a price you specify or better. When you select Limit, you must also specify a Limit Price. A Buy Limit order states the maximum price at which you want to buy (usually at or below current market
prices). A Sell Limit order states the minimum price at which you want to sell (usually at or above current market prices). Orders placed too far from the current market price may not be executed. Use the following guidelines:
  • Stock Price
  • Maximum from market
  • Less than $100 $5
  • $100-$200 $10
  • $200-300 $30

Limit orders for NASDAQ stock are unlikely to execute if they are more than 30% above or below the market. Online Trading restricts all limit orders on stock orders so that limit prices may not be more than 30% above or below the
market price. Special rules apply when placing Limits on stocks quoted in fractions.

Enter a price if you selected Limit for order price type.

  • The Sell Limit price must be above the last bid for the security. The Buy Limit price must be below the last ask for the security.
  • After the limit and/or stop price is triggered, the security's price may continue to rise or fall. As a result:
    • Your order may or may not execute depending on the security's price in relation to your specified limit and/or stop price.
    • Your order price may execute at a price that is more(if your order is a Sell Limit) or less(if your order is a Buy Limit) than your specified limit and/or stop price.
TIF (Time in Force) Any time limitation you want to place on the execution of this order. You can select Day or Good 'til Canceled (GTC). Please be aware that your selection may not be valid for the type of order you are placing. For descriptions of
these time limitations, please see Day and Good 'til Canceled (GTC).
Day Orders are open until the close of the current market day, generally at 4:00 p.m. Eastern Time. For example, if you place a limit order for $35 a share on XYZ Company and the market never reaches your limit during the market day, your order will be canceled. If you place a day order after the market closes, it will be eligible for the next trading day. Trades VIA the InstantBroker are ineligble for the after hours trading session.
Good 'til Canceled (GTC) Orders remain in effect until you cancel them or for 120 days, whichever comes first. You typically place a Good 'til Canceled order if you are certain about the limit price you enter but expect that the market might take some time to
reach that price. NOTE: Good 'til Canceled limit orders with limit prices too far from the current market price of the security will not execute.
Trade Type The type of holding this will be to specify an order type, select either Cash or Margin (for eligible accounts)
Cash This transaction must be paid for in cash by the settlement date.
Margin This transaction may be funded with a loan based on the value of the securities you hold in margin.(for eligible accounts)
Void This action terminates the current order entry and logs you off the system without sending the order to Fidelity. This action is followed by a message window that identifies an order termination has occurred and that another login is required.
Expired This action indicates that your login session has exceeded the alloted time limit. Forces you to login again. This is a security measure designed to protect the user.

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All rights reserved.
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