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In this Yahoo Finance tutorial, the presenter explains how to edit symbols on your watchlist. First, open Yahoo Finance on your device and navigate to the home screen by selecting the bottom left option. The example shown features the SPY Index Fund for the S&P 500 ETF. To edit the symbol, click on "Edit List" located above the price. This will bring up options to add symbols, edit symbols, or rename the list. To delete a symbol, simply press the delete button. The tutorial emphasizes that editing your list is a straightforward process.