When you trade athlete stocks on Mojo, you have two options: Go Long or Go Short. Let’s dig into what it means to Go Long.
When you Go Long, you’re investing in the success of the athlete. You’re betting that they’re underrated by the market, and that they’ll outperform the latest career expectations. If you’re right, you’ll make money as the share price rises.
It’s as simple as this: for every $1 the share price rises above what it was when you invested, you’ll get a positive return of $1 per share.
Here’s an example:
Let’s say you Go Long on one share of Patrick Mahomes’ stock at $100. If the stock goes up and you decide to sell your stock for$105, you’ve made five dollars. Or you could decide to hold your stock if you think it’ll keep going up. Mojo’s business model is a small commission on your initial trade.
And the same is true for losses. If the stock goes to $99, you’ve lost a dollar, and so on.
Remember, you can cash out anytime to get paid for your profits or cut your losses.
And to make things even more exciting — especially on veteran players whose stock won’t move as much — you can add a Multiplier when you trade to dial up the risk and reward. For example, 1% growth with a 5x Multiplier selected would turn your return into 5%.
So what’s the other option? You can Go Short. It’s easy…basically the opposite of Going Long. You can read about Shorting here.
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