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 :)
did your short actually execute?
if your short was executed you will have a "cover" button or do you have "pending" ?
In open orders is showing only Cancel button
Quote from: aloha on September 03, 2014, 06:29:16 PM
In open orders is showing only Cancel button
Then your short was not matched and must wait.
it is not executed if you scroll the ask side you will find your short
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?
Quote from: aloha 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?
Yes... until then you can cancel your short order.
Guys thank you for clearing that up for me :)
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?
Quote from: aloha 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?
It won't.
Thanks bytemaster :)