ProphetShares

101

Selling Shares

  • Change your mind?  Decided your P$ will be better invested elsewhere?  Or maybe the price has gone up and you want to pocket some profits?  No problem.  As long as the Event is open for trading, you are able to sell.  Selling shares is just as easy as buying them and the process is nearly identical.
  • From the Event card, click on the Outcome of which you wish to sell shares.
  • Click “Sell” and enter the number of shares or the $ amount you wish to sell.  Note that there is no short-selling.  In other words, you can’t sell more shares than you own.
  • Review the Sell Order Preview and click “Sell Shares” when you're happy with your order.
  • A confirmation of your sale will be displayed.  When you close the confirmation window, you’ll once again see the Event cards and the Event on which you just sold shares will be updated to reflect the new total of outstanding shares and your holdings in that Event.
  • You will also see that the prices of each Outcome in that Event have changed.  When shares of an Outcome are sold, the price of that Outcome goes down and the price for the other Outcome(s) in that Event goes up.  The same is true in reverse:  when shares of an Outcome are purchased; the share price of that Outcome goes up and the share price for the other Outcome(s) in that Event goes down.
  • To learn more about buying shares, see our guide on Buying Shares.