💵Selling your position

As you embark on your trading journey on Kalshi, you'll start accumulating positions in various markets. A position simply refers to the number of contracts you own in a specific market, reflecting your current investment.

Building Your Portfolio:

Over time, your portfolio will grow as you take positions in different markets. This allows you to diversify your investments and potentially mitigate risks. However, it's important to manage your positions carefully to avoid overexposure.

Closing Your Positions:

When it comes to closing your positions, you have two primary options:

1. Holding Until Settlement: This involves maintaining your position until the market reaches its settlement date. If your prediction is accurate, you'll likely profit from the market's movement. However, if the market moves against you, you may incur losses.

2. Selling Early to Lock in Profits: If you believe the market has reached its peak or is starting to move against your prediction, you can sell your position early to secure your profits. This can be a strategic move to avoid potential losses, but it also means forgoing any additional gains that might have occurred if you had held the position.

Factors to Consider:

When deciding whether to hold or sell, consider the following factors:

• Market Sentiment: Are other traders buying or selling? If there's a strong consensus, it may be a good time to exit your position.

• Time Horizon: How long are you willing to hold the position? If you have a short-term investment horizon, selling early might be a better option.

• Risk Tolerance: How comfortable are you with the potential for losses? If you're risk-averse, selling early can help you protect your profits.

Remember, trading involves risk, and there's no guarantee of profits. It's essential to do your own research, develop a solid trading strategy, and manage your risk effectively.

Selling Quick Orders

A Quick Order, also known as a market order, is a request to immediately sell a specific number of contracts at the best available price. Quick orders execute with no delay. For this reason, quick orders are the simplest and fastest way to make a trade on Kalshi.

Selling Limit Orders

A Limit Order is a request to sell a specific number of contracts at a specific price or better.

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