BitShares Forum
Main => General Discussion => Topic started by: vegolino on September 03, 2014, 06:20:01 pm
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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 :)
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did your short actually execute?
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if your short was executed you will have a "cover" button or do you have "pending" ?
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In open orders is showing only Cancel button
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In open orders is showing only Cancel button
Then your short was not matched and must wait.
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it is not executed if you scroll the ask side you will find your short
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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?
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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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Guys thank you for clearing that up for me :)
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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?
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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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Thanks bytemaster :)