> For the complete documentation index, see [llms.txt](https://docs.trex.trade/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.trex.trade/how-to.../hatch-a-rex-open-position.md).

# Hatch a Rex (Open Position)

Welcome Rex Wrangler! Here's how to hatch your Rex (open a position):

1. Connect your wallet
2. Go to "Trade"
3. Choose a pool and position type:\
   • Long: When you expect the asset price to **increase** \
   • Short: When you expect the asset price to **decrease**
4. Enter your starting amount (collateral)
5. Choose your leverage level
6. Set Take Profit/Stop Loss (optional)
7. Review position details
8. Click Buy/Sell

Congratulations! You've hatched your Rex! 🦖

***

**Quick Example**

Let's say you put in $500 (as collateral) and crank up the leverage to 5x - boom! You're now playing with $2,500 (minus a small bite for position costs).

[Learn how to keep your Rex healthy →](/how-to.../keep-your-rex-healthy.md)