The exit is a trade too

Opening a position gets attention. Closing it is where the quote, size, and timing become real.

An on-screen gain is an estimate until you can execute an exit or reach settlement. The number can change while you are deciding what to do.

Map the exit route

Write down whether the position can be sold into the book, merged or redeemed after resolution, or held until a defined payout. Each route has different timing and costs.

A screen may show 100 YES shares at 60 cents while your order reaches only 20 shares at that price. The rest can fill lower, or not fill at all. The displayed mark is not a guaranteed exit.

Separate realized and marked

Track average entry, filled quantity, fees, current bid, executable size, and the amount still open. Keep an unrealized mark separate from cash that has actually been received.

News can move the book while an exit is in progress. A partial sale can leave a smaller position with a different average cost and a different risk profile.

Plan before entry

Set a maximum holding period and a condition for reducing exposure. Do not assume an exit price will be available simply because it appeared in a chart.

The useful question is not how much the screen says the position is worth. It is how much can be closed under the current book and settlement rules.

Further reading: Prices and order books · Resolution rules · Current fees.

Explore the markets: Open Polymarket (referral link).