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Offline vegolino

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Shorting question
« on: September 03, 2014, 06:20:01 PM »

Hi,

I have shorted $100 today at 33.8761.  At the moment median price is 32.7466. According to my understanding BTSX have gone up in relation to USD.
 So I thought to cash in the profit by covering my short so I bought $100  for 3119 BTSX. That would give me profit 3387.61 - 3119 = 268.61 BTSX  :)
Open Orders are showing my short, but there is not Cover button so I do not know how to proceed with Cover.
I would be very grateful if somebody could tell me where I am making mistake?

Kind Regards
aloha  :)

« Last Edit: September 03, 2014, 06:46:26 PM by aloha »

Offline toast

Re: Shorting problem
« Reply #1 on: September 03, 2014, 06:21:38 PM »
did your short actually execute?
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Online Shentist

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Re: Shorting problem
« Reply #2 on: September 03, 2014, 06:24:25 PM »
if your short was executed you will have a "cover" button or do you have "pending" ?

Offline vegolino

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Re: Shorting problem
« Reply #3 on: September 03, 2014, 06:29:16 PM »
In open orders is showing only Cancel button

Offline bytemaster

Re: Shorting problem
« Reply #4 on: September 03, 2014, 06:34:13 PM »
In open orders is showing only Cancel button

Then your short was not matched and must wait.
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Online Shentist

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Re: Shorting problem
« Reply #5 on: September 03, 2014, 06:34:18 PM »
it is not executed if you scroll the ask side you will find your short

Offline vegolino

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Re: Shorting problem
« Reply #6 on: September 03, 2014, 06:44:38 PM »
So when the Buy Orders reach level of my short 33.8761 or more than Cover button will appear and I will be able to Cover?

Offline bytemaster

Re: Shorting problem
« Reply #7 on: September 03, 2014, 06:48:34 PM »
So when the Buy Orders reach level of my short 33.8761 or more than Cover button will appear and I will be able to Cover?

Yes... until then you can cancel your short order.
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Offline vegolino

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Re: Shorting question
« Reply #8 on: September 03, 2014, 06:50:42 PM »
Guys thank you for clearing that up for me  :)

Offline vegolino

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Re: Shorting question
« Reply #9 on: September 03, 2014, 07:48:20 PM »
Sorry I have one more question.
When will the system act on my short of 33.8761 if the market goes in the opposite direction, BTSX loose value against USD?

Offline bytemaster

Re: Shorting question
« Reply #10 on: September 03, 2014, 08:53:21 PM »
Sorry I have one more question.
When will the system act on my short of 33.8761 if the market goes in the opposite direction, BTSX loose value against USD?

It won't. 
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Offline vegolino

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Re: Shorting question
« Reply #11 on: September 04, 2014, 10:26:25 AM »
Thanks bytemaster  :)

 

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