> ## Documentation Index
> Fetch the complete documentation index at: https://docs.monofin.xyz/llms.txt
> Use this file to discover all available pages before exploring further.

# How trading works

> Every Monofin trade in three choices: side, size, multiplier — with the tools to manage it from entry to exit.

Election market or BTC perp — every trade on Monofin is three choices. The ticket looks different for event markets and perps. The logic is the same.

## The three choices

**1. Side**

Event markets: **YES** or **NO** on the outcome. Perps: **long** (price rises) or **short** (price falls).

**2. Size**

How much USDC backs the view. Minimums are small — test the thesis before you size it. On event markets, your size buys shares at the current price: your max loss is what you paid.

**3. Multiplier (perps only)**

Leverage, up to the market's maximum. Your collateral controls a position worth multiplier × collateral. Higher multiplier, closer liquidation price. See [Leverage, funding, and liquidations](/trading/leverage-funding-liquidations.md).

## Before you confirm

The ticket shows everything before you commit:

* **Entry price** — and for limit orders, the price you're willing to accept
* **Estimated liquidation price** (perps) — where your margin runs out
* **Itemized fees** — every fee on the trade, in dollars, not fine print
* **A plain-English risk line** — what you can lose, stated like a human

Balance short? The confirm button tells you the exact shortfall — "deposit \$10.72 more" — and takes you straight to funding. No dead-end errors.

## After you're in

* **Take profit / stop loss.** Attach the exit when you enter. TP/SL covers the whole position and cancels automatically when it closes.
* **Add or reduce.** Scale up or down without closing.
* **Close anytime.** No lock-ups, no settlement windows — 24/7, weekends and holidays included. Close one position or all of them from Portfolio.

## Where to see it all

**Portfolio** is your command center: cash balance, open positions across event markets, perps, and RWA, open orders, Earn positions, full transaction history.

> **[Order types](/trading/order-types.md)**
>
> Market, limit, and trigger orders — when to use which.

> **[Fees](/trading/fees.md)**
>
> What Monofin charges, and how referrals cut it.


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