# Quick start

Source: https://docs.testnet.mog.xyz/quick-start/

Markdown: https://docs.testnet.mog.xyz/quick-start.md

Reviewed protocol version: 11.0.0

Protocol review date: 2026-10-30

Scope: reviewed public documentation. Numerical examples use illustrative or launch settings; they are not live quotes or a guarantee of current deployed parameters. Consult the app for current market and position values.

Start with a funded wallet. Connect to Mog, choose a market, and open your first trade.

Your first position

1. Connect: Use your funded wallet.
2. Trade: Choose a market and direction.
3. Manage: Close or add margin.

## 1. Connect

Open [Mog](https://app.testnet.mog.xyz) and connect your funded wallet.

Enable a [session key](https://docs.testnet.mog.xyz/account/session-keys/) for fewer wallet prompts.

## 2. Choose your position

Select a market. Go long for a rising price or short for a falling price. Set your margin and leverage, and a take-profit or stop-loss if you want one. Review the position size and liquidation price shown in the app. The app also estimates the [MOG multiplier](https://docs.testnet.mog.xyz/mog/earning-mog/#mog-funding-the-skew-multiplier) for each side.

[Positions and leverage](https://docs.testnet.mog.xyz/trading/positions-and-leverage/) explains these choices.

## 3. Submit your order

Placing the order charges the [open fee](https://docs.testnet.mog.xyz/trading/fees/) from your balance. Your order fills using a later [oracle price update](https://docs.testnet.mog.xyz/trading/positions-and-leverage/#from-order-to-fill). Once filled, check your actual entry price, the position's liquidation price, and any take-profit or stop-loss it carries.

## 4. Manage the position

[Close all or part](https://docs.testnet.mog.xyz/trading/pnl-and-closing/) of the position, or [add margin](https://docs.testnet.mog.xyz/trading/adding-margin/) to move liquidation farther away. Reaching either price level closes the position automatically.

## 5. Use your balance

When the treasury covers your payout, profit after fees is available as cash at settlement. Your remaining cash margin returns to your balance. Withdraw available funds with your main wallet.

Only an unfunded payout enters [the queue](https://docs.testnet.mog.xyz/account/payout-queue/).

Each settled position earns [MOG](https://docs.testnet.mog.xyz/mog/earning-mog/) on its fees and on the part of a profit the close curve keeps back.