> ## Documentation Index
> Fetch the complete documentation index at: https://docs.vistadex.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Selling Positions

> How to exit your prediction market positions before resolution

You don't have to wait for a market to resolve to exit your position. Vistadex allows you to sell your shares back to the market at any time, locking in profit or cutting losses.

## Selling a Position

<Steps>
  <Step title="Go to Portfolio">
    Navigate to your portfolio to see all your open positions.
  </Step>

  <Step title="Select Position">
    Click on the position you want to sell.
  </Step>

  <Step title="Choose Sell">
    Select the **Sell** option and enter how many shares you want to sell (up to your full position).
  </Step>

  <Step title="Request Quote">
    Our auction finds the best price for your shares.
  </Step>

  <Step title="Review Quote">
    Review the quote showing:

    * USDC you'll receive
    * Price per share
    * Amount received
  </Step>

  <Step title="Confirm Sale">
    Accept the quote to confirm the sale.
  </Step>

  <Step title="Receive USDC">
    Once confirmed, USDC is credited to your wallet and your position is reduced or closed.
  </Step>
</Steps>

## When to Sell

<Tabs>
  <Tab title="Taking Profit">
    If you bought shares at a lower price and the market has moved in your favor, selling locks in your profit without waiting for resolution.

    **Example:**

    * Bought 100 YES shares at \$0.30 (\$30 cost)
    * Current YES price: \$0.70
    * Sell all 100 shares for \~\$70
    * Profit: \~\$40
  </Tab>

  <Tab title="Cutting Losses">
    If the market moved against you and you've changed your view, selling lets you recover some of your position rather than risking total loss.

    **Example:**

    * Bought 100 YES shares at \$0.60 (\$60 cost)
    * Current YES price: \$0.25
    * Sell all 100 shares for \~\$25
    * Loss: \~\$35 (vs potential \$60 loss if YES doesn't happen)
  </Tab>

  <Tab title="Rebalancing">
    You might want to reduce a position that's become too large relative to your portfolio, or free up capital for other opportunities.
  </Tab>
</Tabs>

## Partial Sells

You don't have to sell your entire position. Enter any quantity up to your total holdings:

* Sell 50% to take some profit while keeping upside
* Sell a specific dollar amount worth of shares
* Reduce to a size you're comfortable holding to resolution

## Understanding Sell Prices

The price you receive when selling reflects current market conditions. A 0.25% fee applies only when the sell is matched across multiple venues.

## Sell Limitations

<Accordion title="Liquidity Constraints">
  Very large positions may be harder to sell at once. If you receive a poor quote on a large order, try selling in smaller chunks.
</Accordion>

<Accordion title="Market Close to Resolution">
  As markets approach their resolution date, liquidity may decrease as fewer traders want to take on short-term risk.
</Accordion>

<Accordion title="Quote Expiration">
  Sell quotes have a limited validity window. If you don't confirm in time, request a new quote.
</Accordion>

## Sell vs. Hold to Resolution

| Factor    | Sell Early                   | Hold to Resolution                   |
| --------- | ---------------------------- | ------------------------------------ |
| Certainty | Lock in known PnL            | Binary outcome                       |
| Fees      | 0.25% if cross-venue matched | No additional fee                    |
| Capital   | Free up USDC immediately     | Tied up until resolution             |
| Outcome   | Accept current market price  | Full payout if correct, \$0 if wrong |

Consider your conviction level and capital needs when deciding whether to sell or hold.