# Positions & Orders

***

### Overview

Once you've placed trades, you need to track how they're doing. Positions & Orders gives you a real-time view of every outcome share you hold, your current PnL, and any limit orders still waiting to fill.

**What you can do:**

* View all open positions with current value and PnL
* Check positions in a specific market
* See all pending limit orders
* Monitor your USDC.e and POL balances on Polygon

***

### Viewing Positions

Your positions are the outcome shares you currently hold. Each position shows the market, which side you're on (Yes/No), how many shares you hold, your cost basis, current value, and profit or loss.

| Prompt                                     | Interpretation                           |
| ------------------------------------------ | ---------------------------------------- |
| "Show my Polymarket positions"             | All positions with current value and PnL |
| "What positions do I have?"                | Full position overview                   |
| "How are my prediction market bets doing?" | All positions with performance           |
| "Show my position on the BTC $150k market" | Position in a specific market            |
| "Am I up or down on my Polymarket trades?" | Overall PnL snapshot                     |

#### What You'll See

For each position:

| Field             | What It Shows                        |
| ----------------- | ------------------------------------ |
| **Market**        | The event/question you're trading on |
| **Outcome**       | Which side you hold (Yes or No)      |
| **Shares**        | Number of outcome tokens you hold    |
| **Avg Price**     | Your average cost per share          |
| **Current Price** | Where the outcome is trading now     |
| **Current Value** | Shares × current price               |
| **Cost Basis**    | What you originally paid             |
| **PnL**           | Current value minus cost basis       |

#### Understanding Your PnL

Your PnL on prediction markets comes from two sources:

**1. Price movement (before resolution)** You bought 100 Yes shares at $0.40 ($40 total). Price moves to $0.60. Your position is now worth $60. Unrealized PnL: +$20.

**2. Event resolution (final payout)** The event resolves Yes. Each share pays $1. Your 100 shares pay out $100. Realized PnL: +$60 ($100 payout minus $40 cost).

***

### Checking Specific Markets

Filter your positions to a specific market when you want to focus on one trade.

| Prompt                                        | Interpretation                           |
| --------------------------------------------- | ---------------------------------------- |
| "Show my position on the election market"     | Position details for that specific event |
| "How many Yes shares do I hold on BTC $150k?" | Share count and value for one position   |
| "What's my PnL on the NBA Finals market?"     | PnL for a specific position              |
| "Am I holding anything on the Oscar market?"  | Checks if you have a position            |

***

### Viewing Open Orders

Open orders are your pending limit orders that haven't filled yet. They sit on the order book waiting for the price to reach your level.

| Prompt                                       | Interpretation             |
| -------------------------------------------- | -------------------------- |
| "Show my open orders"                        | All pending limit orders   |
| "Do I have any unfilled orders?"             | Checks for pending orders  |
| "Show my open orders on the election market" | Orders for specific tokens |
| "What limit orders do I have?"               | All pending limits         |

#### What You'll See

For each open order:

| Field       | What It Shows                                 |
| ----------- | --------------------------------------------- |
| **Market**  | Which market the order is on                  |
| **Side**    | Buy or Sell                                   |
| **Outcome** | Yes or No                                     |
| **Price**   | Your limit price                              |
| **Size**    | Order amount (USD for buys, shares for sells) |
| **Status**  | Open, partially filled                        |

***

### Managing Orders

| Prompt                                    | Interpretation                       |
| ----------------------------------------- | ------------------------------------ |
| "Cancel my order on the BTC market"       | Cancels a specific pending order     |
| "Cancel all my orders"                    | Cancels every pending order          |
| "Cancel my orders on the election tokens" | Cancels orders for specific outcomes |

{% hint style="info" %}
**Tip**: If a market is moving against your limit price, consider cancelling and re-placing at a more competitive level.
{% endhint %}

***

### Checking Balances

Your Polymarket trading happens on Polygon. Check your available balance to know how much you can trade.

| Prompt                                | Interpretation                     |
| ------------------------------------- | ---------------------------------- |
| "What's my Polymarket balance?"       | USDC.e and POL balances on Polygon |
| "How much can I trade on Polymarket?" | Available USDC.e balance           |
| "Show my Polygon balances"            | Full balance view                  |

| Token      | What It's For                                 |
| ---------- | --------------------------------------------- |
| **USDC.e** | The currency used to buy shares on Polymarket |
| **POL**    | Polygon's native token, used for gas fees     |

***

### Position Lifecycle

Here's how a prediction market position flows from entry to exit:

#### Scenario 1: Sell Before Resolution

```
1. Buy 100 Yes shares at $0.40 ($40 spent)
2. Probability rises to $0.70
3. Sell 100 shares at $0.70 ($70 received)
4. Profit: $30 (75% return)
→ You don't need to wait for the event to resolve
```

#### Scenario 2: Hold to Resolution (Correct)

```
1. Buy 100 Yes shares at $0.40 ($40 spent)
2. Event resolves Yes
3. Each share pays out $1.00 ($100 received)
4. Profit: $60 (150% return)
```

#### Scenario 3: Hold to Resolution (Incorrect)

```
1. Buy 100 Yes shares at $0.40 ($40 spent)
2. Event resolves No
3. Each share is worth $0.00
4. Loss: $40 (100% loss)
```

#### Scenario 4: Partial Exit

```
1. Buy 200 Yes shares at $0.30 ($60 spent)
2. Price moves to $0.55
3. Sell 100 shares at $0.55 ($55 received, nearly covers cost basis)
4. Hold remaining 100 shares risk-free
5. If event resolves Yes → $100 additional payout
```

***

### Common Workflows

#### Morning Check

```
1. "Show my Polymarket positions"     → See all positions and PnL
2. "Show my open orders"              → Check if any limits filled overnight
3. "What's my balance?"               → Available capital for new trades
```

#### Position Review

```
1. "Show my position on BTC $150k"    → Current value and PnL
2. "What's the current price on Yes?" → Has probability moved?
3. "Price history on this market"     → Trend direction
4. Decide: hold, add, reduce, or exit
```

#### Taking Profits

```
1. "Show my positions"                → Identify winners
2. "What's the price on my Yes shares?" → Current value
3. "Sell 50 shares at $0.80"          → Limit sell for profit
   Or: "Sell all my Yes shares"        → Market sell to exit entirely
```

***

### Pro Tips

1. **Check positions regularly** - Prediction markets can move fast on news events
2. **Don't forget about open orders** - Unfilled limit orders still commit capital in some cases
3. **Partial exits reduce risk** - Sell enough shares to cover your cost basis and let the rest ride for free
4. **Track your average price** - If you bought at multiple levels, your average matters more than any single entry
5. **Consider selling before resolution** - A bird in the hand: locking in a 50% gain now is sometimes better than waiting for a potential 150%
6. **Keep enough USDC.e for new opportunities** - Don't go all-in on one market, new events appear constantly

***