Cash Out Early
Take Profit or Cut Losses early
Last updated
Take Profit or Cut Losses early
Last updated
You can cash out your early if you don't want to wait until the settlement.
The button is located in the Open Predictions on the stock page.
For instance, suppose you place a bet of 100 coins on a stock going up with a 50% probability, offering a potential return of 200 coins. However, if unfavorable news surfaces and the sentiment drops to 20%, you have the option to cut your losses by selling your position early. By doing so, you would receive ~40 coins back.
On the other hand, if the probability increases to 80%, you have the opportunity to take a profit early and receive ~160 coins. However, it's important to consider the possibility of waiting for the settlement, which would result in the full potential return of 200 coins.
Closing a high-probability position will also result in a higher fee. You can consider waiting for the settlement to avoid such a fee.
There is a very low fee for closing a low-probability position. You should close as soon as possible if your opinion has changed.
