Managing Positions#

Once you've traded in a market, you have a position — the bundle of shares, open orders, and locked funds the app tracks for that market.

In plain English#

Your position is just three numbers:

1. How many YES shares you own (and how many are locked in sell orders sitting on the book).
2. How many NO shares you own (and how many are locked in sell orders).
3. How much USDT is locked in buy orders you've placed but that haven't filled yet.

Whatever isn't locked is available to trade with, hold, or sell.

Adjusting your position#

• Want more of one side? Buy more shares.
• Want to take profit or cut losses? Sell some or all of your shares. You don't have to wait for the market to resolve.
• Want a guaranteed outcome? Hold equal YES and NO. N YES + N NO pays exactly N USDT regardless of which way the market goes.
• Want to cancel an unfilled order? Tap Cancel. Your locked USDT (buy order) or your locked shares (sell order) are available again immediately.

Watching your P&L#

Two prices matter:

• Your entry price — what you paid.
• The current mark price — what the market is quoting now.

Unrealized P&L = (current_price − entry_price) × quantity / 10000.

The app shows this live. If the mark moves in your favor, you're up; sell now to lock it in, or hold to settlement.

What happens when the market closes#

When the market window ends, trading stops. Resting orders no longer match, but unfilled buy-side collateral is not automatically returned to your wallet after resolution.

Important: if you have unfilled buy-side Limit or Post-Only orders after resolution, use the normal Claim/Redeem flow within the 7-day grace window to get both your winning shares paid out and your locked collateral back. After 7 days, that locked collateral can be forfeited to the market creator during teardown.

See Claiming Winnings for the full timeline, and Risks for the exact forfeiture mechanics.

Closing out for good#

After resolution, claim your winnings (the Claim button). After that, you can optionally close your position account to reclaim the small amount of SOL it costs to keep it on-chain. Nothing forces you to — it's optional housekeeping.

Technical reference#

Position account fields#

Available for trading:

Available YES = yes_shares − locked_yes_shares
Available NO  = no_shares  − locked_no_shares

Estimating position value#

Using current market price (in bps):

YES value  = yes_shares × current_yes_price / 10000
NO value   = no_shares  × (10000 − current_yes_price) / 10000
Total mark = YES value + NO value

Adjusting positions#

Position lifecycle#

Cancelling orders#

You can cancel any open order you own at any time while the market is in TRADING state:

Cancel instructions: CancelOrder (0x10), CancelAllOrders (0x12), CancelUpTo (0x13).

Open order fields#

End of trading#

When trading ends at t_end:

1. New trading stops. No more orders can be placed or matched.
2. Resting buy-side collateral stays locked. Cancel before t_end if you don't want an order to carry into the settlement period.
3. Claim/Redeem returns everything. After resolution, one Redeem transaction pays your winning shares and returns all unfilled buy-side collateral at once.
4. 7-day window. Claim within 7 days of resolution; after that, cleanup cranks may still pay you, but it is not guaranteed.

Common scenarios#

Taking profit#

Cutting losses#

Hold to settlement#

Risk sizing#

Maximum loss on a position equals what you paid for it:

Next steps#

• Claiming Winnings — the claim flow and deadlines
• Risks — the 7-day rule, forfeiture mechanics, and more
• How funds flow — where your USDT is at each stage
• Market Making — providing liquidity

Technical reference#