I had a rather large account with fidelity approximately $900,000. Right before the market crashed this year I made some extremely risky trades. I even proceeded to make risky trades during the market crash to try and make it back... That caused the account to lose a total of 70%..
Now Fidelity's risk management team is terminating the account with fidelity and is no longer willing to listen to anything. The account still has about $250,000 and when the stocks I'm in recover to previous price it'll gain about 50% more. But the rest of it will have to wait for further additional gain.. It's just a small cap tech stock that got hit hard by the dip and will probably recover by next earnings since all analysts are pretty bullish on it.
I don't understand why they are doing this.. It feels like they are punishing me.. I called them and I was just stone walled by the representative saying my only option is to move to a new firm..
I even grew the account to 900 k in a year through less risky trades.. Though the initial starting amount was larger than it currently is..
Submitted March 20, 2018 at 01:55PM by afraidneedhelp http://ift.tt/2HRkvcx
