With the recent change in the bitshares price, the "call price" of my shorts is dangerously close to the actual price.
It's at 225 but I see the 24h high was 240 and my "call price is around 240-245.
I was thinking about roll over but I see a lot of buyers (10k) making another smaller wall in front of the big wall of shorts waiting for cover.
If i understand well, I have to short and buy my own BitUSD (to roll over) at a higher price than that small wall right ?
That, or I wait and hope that the BitUSD price doesn't go up to 241 ?
It is also possible to add collateral to your order via the console command:
add_collateral <from_account_name> <cover_id> <real_quantity_collateral_to_add>
Parameters:
from_account_name (account_name, required): the account that will provide funds for the ask
cover_id (order_id, required): the ID of the order to recollateralize
real_quantity_collateral_to_add (string, required): the quantity of collateral of the base asset to add to the specified position
You can find the cover_id with:
wallet_account_order_list <account name>
which returns something like this:
[[
"1e2612f144d46db25e9c5f2d5972e27be1ffc248",{ <--- This is the cover_id
"type": "cover_order",
"market_index": {
"order_price": {
"ratio": "0.000444444323056611", <---- This is the call price (move decimal 1 place to the right for USD:BTS market)
"quote_asset_id": 22, <---USD
"base_asset_id": 0 <---BTS
},
"owner": "BTS7DpWydpJE9PFXK4UPCuxtMd4DdRC5PECz"
},
"state": {
"balance": 48529, <--- This is the $ balance (move decimal 4 places to the left for USD:BTS market)
"last_update": "1970-01-01T00:00:00"
},
"collateral": 218656473, <--- move decimal 5 places left
"interest_rate": {
"ratio": "0.",
"quote_asset_id": 22, <---USD
"base_asset_id": 0 <---BTS
},
"expiration": "2015-07-13T15:04:10"
}
so you'd enter;
add_collateral xeldal 1e2612f144d46db25e9c5f2d5972e27be1ffc248 1000
to add 1000 BTS to the available collateral this will push your call price further away
After doing this the order will aquire a new cover_id so if you need to do it again you will have to look up the id again.
Anyone, please correct me if I'm wrong. The above works for me, I may be off a bit on the decimal movements and this depends on the pair, but you get the idea.