Stock Trading
LamaTrader connects to the broker's equities trading infrastructure to provide real-time quotes, advanced order types, fractional share support, and extended-hours trading for US-listed stocks and ETFs. Trading is fully integrated with the rest of the platform: charts, watchlists, portfolio analytics, and the AI assistant all share live position and order data.
Supported Assets
LamaTrader supports trading for all US equities and ETFs available on the broker's platform, including:
- NYSE and NASDAQ-listed stocks
- ETFs (sector, thematic, index, leveraged, inverse)
- ADRs for major international companies listed on US exchanges
- Fractional shares for eligible symbols
Order Types
All standard and advanced order types are available:
| Order Type | Description |
|---|---|
| Market | Execute immediately at the best available price |
| Limit | Execute only at your specified price or better |
| Stop | Trigger a market order when price reaches your stop level |
| Stop-Limit | Trigger a limit order when price reaches your stop level |
| Bracket | Entry order with automatic take-profit and stop-loss |
| OTO (One-Triggers-Other) | Primary order triggers a secondary order on fill |
| OCO (One-Cancels-Other) | Two orders where the first fill cancels the other |
| Trailing Stop | Stop that follows the price at a fixed offset or percentage |
See Advanced Orders for full documentation on Bracket, OTO, and OCO orders.
Extended Hours Trading
LamaTrader supports pre-market and post-market trading sessions where the underlying broker provides access. Extended-hours orders are submitted as limit orders. Market orders are not available outside regular trading hours.
The platform clearly indicates when the market is outside regular session hours and labels fills accordingly in order history.
Fractional Shares
For eligible symbols, you can specify an order in dollar amount rather than share count. This allows precise position sizing regardless of share price. A $500 position in a $1,200 stock is fully supported.
Fractional shares are available for market and limit orders during regular trading hours.
Short Selling and Locates
LamaTrader supports short selling with full borrow-status visibility and an integrated locate workflow.
Every US equity displays its borrow status — ETB (easy to borrow) or HTB (hard to borrow) — as a badge in the assets table, on the asset profile, and in the trade form:
- Easy-to-borrow symbols can be shorted directly. No locate is required and no locate fees apply.
- Hard-to-borrow symbols require an approved locate before a short can fill. Locate and borrow fees apply.
When a sell order would take your position short in a hard-to-borrow name, the trade form flags it and shows exactly how many shares still need a locate, accounting for any active locates you already hold. If you are fully covered, the form confirms the locate is in place instead.
Request a locate directly from the trade form or from the Locates page:
- Live availability and a quoted fee per share are shown before you submit — advisory only, nothing is reserved until the locate is approved
- Locates are requested in 100-share lots
- All or none: only fill the locate if the full quantity is available
- Max fee per share: cap the fee you are willing to pay
Locate fees are charged upfront and are non-refundable. The dedicated Locates page (next to Orders in the main navigation) tracks every locate request — active, expired, or rejected — with status filtering and symbol search.
Locate availability depends on your broker account configuration.
Short selling involves significant risk, including the possibility of losses greater than your initial investment, and borrow fees accrue while a short position is open. Make sure you understand these risks before trading.
Trade Form
The trade form is accessible from anywhere in the platform:
- Click any symbol in the watchlist, chart, screener, or news feed
- Use the keyboard shortcut to open a new order form
- Ask the AI assistant to set up a trade. It pre-populates the form
- Click a contract in the options chain for an equity options order
The form shows your current position in the symbol (if any), available buying power, estimated order value, and commission information before you confirm.
Charts
LamaTrader integrates TradingView-powered charts with a full suite of indicators and drawing tools. Charts are linked to the trade form. Click any price level on the chart to pre-fill a limit or stop order at that level.
Available chart types: candlestick, Heikin-Ashi, line, area, bar. Timeframes from 1-minute to monthly. Indicators including VWAP, moving averages, RSI, MACD, Bollinger Bands, ATR, and more.
Order Lifecycle and History
Every order moves through a visible status lifecycle: submitted → pending → accepted → partially filled → filled (or cancelled/rejected). The order management panel shows the current status of all open orders and the full fill history for completed orders.
For partial fills, LamaTrader shows fill price, filled quantity, and remaining quantity. Multi-leg orders (bracket, OTO, OCO) display as a grouped unit with the status of each leg visible individually.
Paper Trading
All equities trading features work identically in paper trading mode. Paper mode uses real market data for pricing and simulates fills against the live market. Use it to:
- Test new order types before using them in a live account
- Practice position sizing and risk management
- Run through strategies with real market conditions, without risking real capital
Switch between live and paper accounts from the account selector. Each has its own distinct visual theme to prevent accidental live-account orders.
Integration With the Rest of the Platform
Stock positions feed into the portfolio analytics engine automatically. Open a position and it immediately appears in your P&L summary, sector allocation breakdown, and AI context. The AI assistant can reference your stock positions when answering questions about portfolio risk, hedging, or trade ideas.