I’m sorry if this is a silly question, but I thought Fidelity allowed after-hours trading. However, my order will only be eligible for trading on the next business day. Can you explain why that is?
Here is the error message I received when placing a buy order.
(010550) Just a reminder that the market is closed at the moment. As such, any orders placed will only be eligible for trading on the next business day.
You must complete the setup for after-hours trading on the Fidelity website before placing orders outside regular market hours.
This typically involves acknowledging the risks and terms associated with after-hours trading.
Once complete, you’ll be able to buy and sell stocks after hours with Fidelity.
To buy or sell shares in your Fidelity account after the market is closed, you must enable extended-hours trading.
Step 1: Click here to read the Fidelity’s Extended-Hours Trading Agreement.
Step 2: Go to the bottom of the page and click Start.
Step 3: From the drop-down, choose the trading account that you want to enable extended-hours trading. Then confirm your selection.
Step 4: Once approved, which should be instant, you can start trading during pre-market hours and after-market hours.
I hope by signing the risk acknowledgment and turning on extended hours trading on Fidelity, you will be able to resolve the (010550) error.