How can I buy and sell this?
$T-REX 2X LONG NVIDIA DAILY TARGET ETF(NVDX.US$ Are profits calculated as double profits; losses are also calculated as double losses? When will positions be forcibly closed? Can I intraday trade?
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Moomoo Lily : Hello, please @Moomoo Buddy Help me check it~
Moomoo Buddy : Dear client, to provide you with better assistance of the specific P/L you mentioned, we recommend that you call us at +1-888-721-0610 (English); +1-888-721-0660 (Chinese);
Phone support service time: Monday-Friday, 08:30 a.m. – 04:30 p.m. Eastern Time (Closed on weekends and public holidays). Our trade specialists will be more than happy to assist you on the phone. And for your second question, you will be at risk of forced liquidation:
1. When your account equity remains below the maintenance margin requirement;
2. When your account equity falls below the soft edge margin requirement;
3. When your account equity may fall below the maintenance margin or the soft edge margin after you exercise or assign your options near expiration;
4. When a short position in stocks may be added to your account after you exercise or assign your options near expiration.
Soft edge margin: The threshold below which actual forced liquidation will occur. When your equity falls below the soft edge margin requirement, forced liquidation may occur immediately. Typically, a soft edge margin is raised on the day before a weekend or holiday and lowered on the first trading day after the market is closed or after a weekend.
Please note that Moomoo Financial Inc. reserves the right to force liquidation at any time when the market fluctuates sharply.
And we support Day Trade. But please note that we have day trade restrictions. According to the rules of the Financial Industry Regulatory Authority (FINRA), a pattern day trader (PDT) is someone who executes four or more day trades within any five consecutive business days. All brokerage firms registered in the United States and regulated by FINRA and the New York Stock Exchange (NYSE) are subject to the day trading rules. Hope it helps. Have a good one!