> For the complete documentation index, see [llms.txt](https://hashhedge.gitbook.io/hashhedge-user-guide/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://hashhedge.gitbook.io/hashhedge-user-guide/trading-terminal/stocks-terminal.md). # Trading US Stocks A **US Stocks** Challenge trades on a different platform from a Crypto + TradFi one: a stock terminal with its own screen, its own order form, and a market that opens and closes. The Challenge itself does not change: the same profit targets, the same loss limits, the same minimum trading days, the same payouts.

The stock terminal, a separate platform from the crypto one

*** ## Which terminal you get The **Market** you choose when you buy the Challenge decides it: | | | | ------------------- | ----------------------------------------------------------------------------------------------------------------- | | **Crypto + TradFi** | the crypto futures terminal that the rest of this section describes. Trades 24/7. | | **US Stocks** | the stock terminal: more than 11,000 tickers from NYSE and NASDAQ, on weekdays only, while the US market is open. | You open it with **Open terminal**, both on the account card and on the Challenge dashboard. On a Crypto + TradFi account those same two buttons read **Trade** and **Start trading**, and the difference is deliberate: crypto trades round the clock, so the button offers you a trade, while the stock terminal opens at any hour but accepts orders only while the market is open. It opens in a new tab at a separate address, in English. You can switch the language in the profile menu at the top right. ## The trading day US stocks trade on weekdays, and the day has a start and an end. Three things happen in it: | | | | --------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | **08:00–08:10 UTC+4** | the daily loss limit resets, and your start-of-day Balance is locked in for the day. See [How the daily loss limit is calculated](/hashhedge-user-guide/rules/daily-loss-calculation.md). | | **23:55 UTC+4** | opening new positions is blocked. | | **23:59 UTC+4** | every open position is closed automatically. | {% hint style="warning" %} **You cannot hold a stock position overnight**, over a weekend, or for several days: the platform closes everything at the end of the trading day, and each day starts flat. {% endhint %} **Pre-market** trading, the session before the official open, runs on the same account, under the same rules and the same limits. The dashboard gives the market its own line: a **Market open** or **Market closed** badge, and a countdown to the moment that matters. While the market is open it reads `NYSE session closes in 3h 2m`, and while it is closed, how long until the next session opens. Under it sits the reminder that positions are closed automatically a minute before the session ends.

The state of the market on the Challenge dashboard

## What you can trade More than 11,000 tickers from NYSE and NASDAQ: company shares, and a large number of ETFs and ETNs. Some of those funds are leveraged or inverse, and leverage stacks with the account's own.

The ticker lists at the top of the left-hand panel

## Finding a ticker Nobody reads eleven thousand tickers: you look for one. The **search** at the top of the left-hand panel covers every ticker on the market, by symbol or by company name. Next to it are the lists the terminal keeps for you: | | | | ---------- | --------------------------------------------------------------------------- | | **Top** | the terminal's own short list, with the price and the change over 24 hours. | | **Topics** | tickers grouped by theme. | | **Favs** | the ones you starred yourself. | The **All** tab is the whole market. ## What's on the screen * **Left**: the ticker lists: **All, Favs, Ideas, Top** and **Topics**, with starter cards showing the 30-day and 365-day change. The search at the top covers every ticker. * **Middle**: the chart, and below it your **Positions, Open Orders, History** and **Executions**. * **Right**: the order form, the **order book** and the **trades** tape. * **Bottom left**: your balance, **Free for leveraged trading** and **Used in positions and orders**. * **Top**: **Exchange** is this screen, **Portfolio** lists your positions, open orders and closed ones, and **History** holds a balance chart and a statement of every change. ## Buying power On a stock account you do not choose leverage for each position. The account has one **buying power** instead: your balance times five. With a balance of **$1,000** your buying power is **$5,000**, and you can put it into one company or spread it across several: | | | | -------- | -------------------- | | Apple | $1,000 | | Tesla | $2,000 | | Nvidia | $2,000 | | **Used** | **$5,000 of $5,000** | You pick the number of shares, and the terminal keeps score: **Free for leveraged trading** is what is left, **Used in positions and orders** is what your open positions and pending orders already hold.

Buying power on a $27,161 account: $100,650 free, $35,155 in use

{% hint style="info" %} **This is the difference from the crypto terminal.** There, leverage of 1:5 applies to a single position, and you set it per trade. Here, five times the balance is the ceiling for everything open on the account at once. A stock trader may hold a dozen companies, so one shared ceiling is easier to follow than a leverage setting on every ticker. {% endhint %} ## Placing an order The form has two columns, **Buy** and **Sell**, and three tabs: | | | | ---------- | ---------------------------------------------------------------- | | **LIMIT** | fills at your price or better. You set the amount and the price. | | **MARKET** | fills immediately at the market price. | | **STOP** | waits for your **Stop price**, then goes to the market. |

The order form, with the Limit, Market and Stop tabs

**Max** under each button is the largest amount your remaining buying power allows. ## Managing a position * **Close Position Now** closes the whole position at the market price. * For a **stop loss**, open the **STOP** tab and use **Sell**: the form already holds your whole position and a stop price below the market, so you only correct the number and confirm. * There is no combined TP/SL panel here, unlike the crypto terminal. A take profit is a **Limit** sell, a stop loss is a **Stop** sell, and each is a separate order that appears under **Open Orders**.

Close Position Now, next to the size of your open position

The gear above the form holds one setting, **Price Warnings**: ask for a second confirmation when the price you entered is not the best available. It is off by default. ## Your own Loss Limit The terminal lets you set a **Loss Limit** of your own: a loss level at which it closes every position at the market price. Next to your balance you'll see the loss so far and the limit you set, with a bar between them. It is your tool, not a Challenge rule. The **daily** and **total loss limits** of the Challenge apply exactly as they do on crypto, and a Loss Limit is a way to stop before they are reached. See [Rules, stages and loss limits](/hashhedge-user-guide/rules/challenge-rules.md). ## Fees **0.04%** of the trade, with a **minimum of $1.00**. On a small trade the minimum is what you pay: below roughly $2,500, the dollar is more than the percentage.

The fee card above the order form

The fee is charged when the order fills, so a position shows a small **Real. PnL** from the start. ## What's the same, and what isn't | | | | ------------------------------------------------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | **Challenge type** | **Two-stage** only. The One-stage Challenge is not offered on US Stocks. See [Challenge types](/hashhedge-user-guide/start-here/challenge-types.md). | | **Account sizes** | **$5,000 to $100,000**. | | **Targets, loss limits, trading days, leverage** | the same as a Crypto + TradFi Challenge of the same size. | | **Daily Loss Protection** | works here too. See [Rules, stages and loss limits](/hashhedge-user-guide/rules/challenge-rules.md). | | **Payouts** | the same share, the same 14-day cycle, the same Wallet. See [Profit share and payouts](/hashhedge-user-guide/account-and-payouts/profit-payouts.md). | | **Position size** | up to **10,000 shares** of one ticker, whatever the ticker, within one Challenge. | | **Denominations** | counted per market. A $100,000 US Stocks Challenge and a $100,000 Crypto + TradFi Challenge are different denominations, so both can trade at the **Trader** stage. | The rest of this section describes the Crypto + TradFi terminal. Start with [A tour of the trading terminal](/hashhedge-user-guide/trading-terminal/terminal-tour.md). --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://hashhedge.gitbook.io/hashhedge-user-guide/trading-terminal/stocks-terminal.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.