Stocks & indices on Moon.com — the Market, the Multiplier, the Mistake

Equities behave unlike everything else on this list in one structural way: the underlying market closes. Prices at the open reflect everything that happened while it was shut, so movement in this class arrives in steps rather than in a line, and the biggest steps happen when you were not watching.

Leverage interacts badly with a gap. A move that would take an afternoon to develop inside a session can appear instantly between one price and the next, and a position with a small liquidation distance does not survive it — there is no intermediate price at which anything could have been done differently.

The arithmetic is the same on every asset and it is worth restating here, because it is the thing that transfers between them: a multiplier of n means a move of roughly 1/n against you exhausts the wager. At 10x that is a ten percent move; at 100x, one percent; at 1000x, a tenth of a percent. The leverage page has a calculator that will do it for a specific wager and entry price.

The trap is earnings and scheduled announcements. A single-name equity around a results date is not the same instrument it was the week before, and a multiplier chosen in a calm week is the wrong multiplier for that day.

• Check the asset is actually offered today. The list in the product is the live one; anything published elsewhere, including this page, is a snapshot.
• Work out the liquidation distance for your multiplier before you open, not from the panel afterwards.
• Remember the opening fee is charged on the leveraged exposure, not on your stake — see fees.
• Try it on Play Money first. It costs nothing and it is the only way to see how this particular asset behaves at your multiplier without paying for the lesson.