Selling your position

Selling Your Position

You don't have to wait for a market to resolve. You can sell your shares anytime to lock in profits or cut losses.

Why Sell Early?

Lock in Profits

If the price moved in your favor:

• Original purchase: 100 YES @ 40¢ = $40
• Current price: 70¢
• If you sell: 100 × 70¢ = $70
• Profit: $30 (75% return)

Why wait for resolution when you can take profits now?

Cut Losses

If you're losing and want to limit damage:

• Original purchase: 100 YES @ 60¢ = $60
• Current price: 40¢
• If you sell: 100 × 40¢ = $40
• Loss: $20 (better than potentially losing $60)

Changed Mind

New information may change your view:

• Initial thesis no longer valid
• Better opportunity elsewhere
• Risk/reward no longer attractive

How to Sell

Step 1: Go to Portfolio

Navigate to Portfolio to see all your positions.

Step 2: Find Your Position

Locate the market you want to sell. You'll see:

• Position (YES/NO)
• Shares owned
• Average cost
• Current price
• P/L

Step 3: Click Sell

Click the Sell button on your position.

Step 4: Choose Amount

Select how much to sell:

Step 5: Review Order

The sell preview shows:

• Shares to sell
• Current price
• Total proceeds
• Realized P/L

Step 6: Confirm

Click Confirm Sell to execute.

Funds appear in your balance immediately.

Selling Strategies

Take Profits

Sell when you've hit your target return:

Stop Loss

Set a mental (or actual) stop loss:

• Entry: 50¢
• Stop loss: 35¢
• If price drops to 35¢, sell to limit losses

Scale Out

Sell portions at different prices:

• Sell 1/3 at 60¢ (take some profit)
• Sell 1/3 at 75¢ (take more profit)
• Hold 1/3 for resolution (maximum upside)

Trailing Stop

As price rises, raise your stop loss:

• Entry: 40¢
• Price rises to 60¢ → Stop at 50¢
• Price rises to 80¢ → Stop at 70¢

Calculating Your P/L

Realized P/L (when you sell)

Example:

• Bought: 100 @ 45¢ = $45
• Sold: 100 @ 72¢ = $72
• Profit: $72 - $45 = $27 (60% return)

Unrealized P/L (while holding)

This is your paper gain/loss before selling.

Partial Sales

You can sell part of your position:

Position: 500 YES @ 50¢ average

Partial Sale: Sell 200 @ 70¢

• Proceeds: 200 × 70¢ = $140
• Remaining: 300 shares @ 50¢ average

Result:

• Locked in $40 profit on 200 shares
• Still hold 300 shares for more upside

Sell Order Types

Market Sell

Sell immediately at best bid price.

• ✅ Instant execution
• ❌ May get worse price in thin markets

Limit Sell

Sell only at your price or better.

• ✅ Price guarantee
• ❌ May not fill if price doesn't reach limit

When NOT to Sell

Consider holding if:

• Your original thesis is still valid
• The price drop is temporary noise
• Resolution is imminent and you're confident
• You'd just buy back at similar prices

Tax Considerations

Selling creates a taxable event:

• Profits may be subject to capital gains tax
• Keep records of all trades
• Consult a tax professional for your jurisdiction

MANSHUR provides transaction history for tax reporting.

Common Questions

Is there a fee to sell? No. MANSHUR charges zero trading fees, including sells.

How fast do I get my money? Instantly. Proceeds appear in your balance immediately.

Can I sell at resolution? No. Trading closes before resolution. You must sell while the market is open.

What if no one wants to buy? Market makers usually provide liquidity. In thin markets, you may get a worse price.

Key Takeaways

1. You can sell anytime before resolution
2. Lock in profits when price moves in your favor
3. Cut losses to limit downside
4. Partial sales let you take profits while keeping upside
5. Zero fees on sells
6. Proceeds are instant