Haha the text is hilarious, a nonsensical story about biking full of errors and phrases that mean nothing :)

What happened to the newbie-link feature of this forum?

Is this https://bitsharestalk.org/index.php?topic=7656.0 any help?

Update:

Open Orders
TYPE   PRICE (BTSX/BITUSD)   QUANTITY (BITUSD)   COST (BTSX)   COLLATERAL (XTS)   ACTION
Short   24.1782   4.9632   120.00112             Cancel
Margin   31.6667   1,199.9997      57,000.00    Cover
Margin   32.2376   1,095.0368      52,952.03776    Cover

So I opened up short positions @ 23.75 and 24.1782 of 1200 and 1100 BitUSD.

I think BTSX is about to start increasing in value.

Open Orders
TYPE   PRICE (BTSX/BITUSD)   QUANTITY (BITUSD)   COST (BTSX)   COLLATERAL (XTS)   ACTION
Short   24.1782   1,100.00   26,596.02              Cancel
Margin   31.6667   1,199.9997      57,000.00    Cover

I doubt the 24.1782 will fill.

But I notice the cover option I can click on to cover the short position. Can somebody explain this feature? How exactly do I close the trade and make a profit/loss?

Can anyone explain what happens here?

Thankyou  :D

Well in theory that would be shorting bitUSD. Although because everybody seems to think the same bitUSD is currently trading about 15 % below parity.

Ok so I am looking at the market and thinking the current moment will be a nice entry to go long on BTSX.

I have my BTSX loaded in the bitsharesX client. What is the best way to profit from a rise in the BTSX price?